EX-12 4 oln-ex12_2015930xq3.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) Exhibit


Exhibit 12

OLIN CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)

 
 
Nine Months Ended
September 30,
 
 
2015
 
2014
Earnings:
 
($ in millions)
Income from continuing operations before taxes
 
$
92.6

 
$
143.3

Add (deduct):
 
 
 
 
Earnings of non-consolidated affiliates
 
(1.3
)
 
(1.4
)
Amortization of capitalized interest
 
1.4

 
1.6

Capitalized interest
 
(0.3
)
 
(0.2
)
Fixed charges as described below
 
57.4

 
54.8

Total
 
$
149.8

 
$
198.1

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest expensed and capitalized
 
$
40.0

 
$
37.2

Estimated interest factor in rent expense(1)
 
17.4

 
17.6

Total
 
$
57.4

 
$
54.8

 
 
 
 
 
Ratio of earnings to fixed charges
 
2.6

 
3.6


(1)
Amounts represent those portions of rent expense that are reasonable approximations of interest costs.