Exhibit 12


Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges

 
                               
($ in millions)
 
2007
   
2006
   
2005
   
2004
   
2003
 
                               
Earnings before taxes
  $ 364.5     $ 446.9     $ 363.6     $ 445.9     $ 323.5  
Plus:
                                       
Interest expensed and capitalized
    155.8       142.5       121.7       105.8       144.2  
Interest expense within rent
    28.3       27.7       25.6       24.8       22.6  
Amortization of capitalized interest
    3.1       2.9       2.9       1.8       1.9  
Distributed income of equity investees
    12.9       6.0       11.6       8.4       4.5  
Less:
                                       
Interest capitalized
    (6.4 )     (8.1 )     (5.3 )     (2.1 )     (3.1 )
                                         
Adjusted earnings
  $ 558.2     $ 634.1     $ 520.1     $ 584.6     $ 493.6  
                                         
Fixed charges (a)
    184.1       170.2       147.3       130.6       166.8  
                                         
Ratio of earnings to fixed charges
    3.0 x     3.6 x     3.5 x     4.5 x     3.0 x

 
(a)  
Fixed charges include interest expensed and capitalized as well as interest expense within rent.
 
 
 

 
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