Exhibit 12.1
Ratio of Earnings to Fixed Charges
Ball Corporation and Subsidiaries
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(dollars in millions) 1998 1997 1996 1995 1994
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Income from continuing operations before
taxes on income $ 27.3 $ 85.9 $ 29.6 $ 76.9 $ 95.9
Plus:
Interest expensed and capitalized 80.9 57.9 45.4 41.3 43.2
Interest expense within rent 15.4 12.7 9.1 5.6 11.6
Amortization of capitalized interest 2.1 2.6 2.1 1.9 1.9
Distributed income of equity investees 2.5 6.9 - 0.4 0.7
Less:
Interest capitalized (2.3) (4.4) (6.6) (3.5) (2.2)
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Adjusted earnings 125.9 161.6 79.6 122.6 151.1
Fixed charges 96.3 70.6 54.5 46.9 54.8
Ratio of earnings to fixed charges 1.3x 2.3x 1.5x 2.6x 2.8x
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