Exhibit 12


Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges


($ in millions)
 
2008
   
2007
   
2006
   
2005
   
2004
 
                               
Earnings before taxes
  $ 452.8     $ 364.5     $ 446.9     $ 363.6     $ 445.9  
Plus:
                                       
Interest expensed and capitalized
    144.9       155.8       142.5       121.7       105.8  
Interest expense within rent
    27.8       28.3       27.7       25.6       24.8  
Amortization of capitalized interest
    4.8       3.1       2.9       2.9       1.8  
Distributed income of equity investees
    14.2       12.9       6.0       11.6       8.4  
Less:
                                       
Interest capitalized
    (7.2 )     (6.4 )     (8.1 )     (5.3 )     (2.1 )
                                         
Adjusted earnings
  $ 637.3     $ 558.2     $ 634.1     $ 520.1     $ 584.6  
                                         
Fixed charges (a)
    172.7       184.1       170.2       147.3       130.6  
                                         
Ratio of earnings to fixed charges
    3.7 x     3.0 x     3.6 x     3.5 x     4.5 x

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