EX-12.1
Published on March 6, 2018
Exhibit 12.1
Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges
|
($ in millions) |
|
2017 |
|
2016 |
|
2015 |
|
2014 |
|
2013 |
| |||||
|
Earnings before taxes |
|
$ |
514 |
|
$ |
124 |
|
$ |
346 |
|
$ |
645 |
|
$ |
583 |
|
|
Plus: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest expensed and capitalized (a) |
|
297 |
|
349 |
|
272 |
|
198 |
|
216 |
| |||||
|
Interest expense within rent |
|
24 |
|
18 |
|
21 |
|
26 |
|
24 |
| |||||
|
Amortization of capitalized interest |
|
3 |
|
3 |
|
4 |
|
3 |
|
5 |
| |||||
|
Distributed income of equity investees |
|
4 |
|
2 |
|
2 |
|
1 |
|
2 |
| |||||
|
Less: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest capitalized |
|
(9 |
) |
(11 |
) |
(13 |
) |
(5 |
) |
(4 |
) | |||||
|
Adjusted earnings |
|
$ |
833 |
|
$ |
485 |
|
$ |
632 |
|
$ |
868 |
|
$ |
826 |
|
|
Fixed charges (b) |
|
322 |
|
367 |
|
293 |
|
224 |
|
239 |
| |||||
|
Ratio of earnings to fixed charges |
|
2.6x |
|
1.3x |
|
2.2x |
|
3.9x |
|
3.4x |
| |||||
(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.