COMPUTATION OF RATIO OF EARNINGS
Published on February 25, 2010
Exhibit
12
Ball
Corporation and Subsidiaries
Ratio
of Earnings to Fixed Charges
|
($
in millions)
|
2009
|
2008
|
2007
|
2006
|
2005
|
|||||||||||||||
|
Earnings
before taxes
|
$ | 537.4 | $ | 452.8 | $ | 364.5 | $ | 446.9 | $ | 363.6 | ||||||||||
|
Plus:
|
||||||||||||||||||||
|
Interest
expensed and capitalized (a)
|
120.8 | 144.9 | 155.8 | 142.5 | 121.7 | |||||||||||||||
|
Interest
expense within rent
|
26.0 | 27.8 | 28.3 | 27.7 | 25.6 | |||||||||||||||
|
Amortization
of capitalized interest
|
4.4 | 4.8 | 3.1 | 2.9 | 2.9 | |||||||||||||||
|
Distributed
income of equity investees
|
– | 14.2 | 12.9 | 6.0 | 11.6 | |||||||||||||||
|
Less:
|
||||||||||||||||||||
|
Interest
capitalized
|
(3.6 | ) | (7.2 | ) | (6.4 | ) | (8.1 | ) | (5.3 | ) | ||||||||||
|
Adjusted
earnings
|
$ | 685.0 | $ | 637.3 | $ | 558.2 | $ | 634.1 | $ | 520.1 | ||||||||||
|
Fixed
charges (b)
|
146.7 | 172.7 | 184.1 | 170.2 | 147.3 | |||||||||||||||
|
Ratio
of earnings to fixed charges
|
4.7 | x | 3.7 | x | 3.0 | x | 3.6 | x | 3.5 | x | ||||||||||
|
(a)
|
Amounts
do not include interest for unrecognized tax benefits related to uncertain
tax positions.
|
|
(b)
|
Fixed
charges include interest expensed and capitalized as well as interest
expense within rent.
|
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