EX-12 2 d501387dex12.htm EX-12 EX-12

Exhibit 12

Alcoa and subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratio)

 

Three months ended March 31,

    2013  

Earnings:

   

Income before income taxes

    $ 234   

Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges

      —     

Equity income

      (9 ) 

Fixed charges added to earnings

      125   

Distributed income of less than 50 percent-owned persons

      22   

Amortization of capitalized interest:

   

Consolidated

      11   

Proportionate share of 50 percent-owned persons

      —     
  

 

 

  

Total earnings

    $ 383   
  

 

 

  

Fixed Charges:

   

Interest expense:

   

Consolidated

    $ 115   

Proportionate share of 50 percent-owned persons

      —     
  

 

 

  
   $ 115   
  

 

 

  

Amount representative of the interest factor in rents:

   

Consolidated

    $ 10   

Proportionate share of 50 percent-owned persons

      —     
  

 

 

  
   $ 10   
  

 

 

  

Fixed charges added to earnings

    $ 125   
  

 

 

  

Interest capitalized:

   

Consolidated

    $ 25   

Proportionate share of 50 percent-owned persons

      —     
  

 

 

  
   $ 25   
  

 

 

  

Preferred stock dividend requirements of majority-owned subsidiaries

      —     
  

 

 

  

Total fixed charges

    $ 150   
  

 

 

  

Ratio of earnings to fixed charges

      2.6