EXHIBIT 12
Published on February 28, 2011
Exhibit 12
Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges
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($ in millions)
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2010
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2009
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2008
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2007
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2006
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Earnings before taxes
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$ | 606.4 | $ | 536.6 | $ | 442.9 | $ | 334.1 | $ | 414.5 | ||||||||||
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Plus:
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Interest expensed and capitalized (a)
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161.1 | 120.8 | 144.9 | 155.2 | 141.1 | |||||||||||||||
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Interest expense within rent
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20.4 | 20.9 | 23.3 | 23.7 | 23.9 | |||||||||||||||
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Amortization of capitalized interest
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3.8 | 3.7 | 4.0 | 2.5 | 2.3 | |||||||||||||||
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Distributed income of equity investees
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2.2 | – | 14.2 | 12.9 | 6.0 | |||||||||||||||
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Less:
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Interest capitalized
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(2.9 | ) | (3.6 | ) | (7.2 | ) | (5.8 | ) | (6.7 | ) | ||||||||||
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Adjusted earnings
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$ | 791.0 | $ | 678.4 | $ | 622.1 | $ | 522.6 | $ | 581.1 | ||||||||||
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Fixed charges (b)
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181.5 | 141.7 | 168.2 | 178.9 | 165.0 | |||||||||||||||
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Ratio of earnings to fixed charges
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4.4 | x | 4.8 | x | 3.7 | x | 2.9 | 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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