Financials (10-K)

Part IV – Exhibit 12


Exhibit 12

TENNECO INC. AND CONSOLIDATED SUBSIDIARIES

COMBINED WITH 50% OWNED UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Years Ended December 31,   2011     2010     2009     2008     2007  
(Dollars in Millions)
Net Income (loss) attributable to Tenneco Inc.   $ 157   $ 39   $ (73 )   $ (415 )   $ (5 )
Add:
Interest expense   108   149   133   113   164
Portion of rentals representative of the interest factor   17   15   14   15   12
Income tax expense and other taxes on income   88   69   13   289   83
Noncontrolling interests   26   24   19   10   10
Amortization of interest capitalized   4   4   4   3   3
Undistributed (earnings) losses of affiliated companies in which less than a 50%
voting interest is owned
      2     (2 )   (1 )
Earnings as defined   $ 400   $ 300   $ 112   $ 13   $ 266
Interest expense   $ 108   $ 149   $ 133   $ 113   $ 164
Interest capitalized   4   4   4   6   6
Portion of rentals representative of the interest factor   17   15   14   15   12
Fixed charges as defined   $ 129   $ 168   $ 151   $ 134   $ 182
Ratio of earnings to fixed charges   3.10   1.79       1.46

NOTE: Earnings were inadequate to cover fixed charges by $39 million for the year ended December 31, 2009 and by $121 million for the year ended December 31, 2008.