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

Year Ended December 31,   2009     2008     2007     2006     2005  
(Dollars in Millions)
Net Income (loss) attributable to Tenneco Inc.   $ (73 )   $ (415 )   $ (5 )   $ 49   $ 56  
Add:
Interest expense   133   113   164   136   133
Portion of rentals representative of the interest factor   14   15   12   12   12
Income tax expense (benefit) and other taxes on income   13   289   83   5   26
Noncontrolling interests   19   10   10   6   2
Amortization of interest capitalized   4   3   3   3   2
Undistributed (earnings) losses of affiliated companies in which less than a 50% voting interest is owned   2   (2 )   (1 )   (3 )   (1 )
Earnings as defined   $ 112   $ 13   $ 266   $ 208   $ 230
Interest expense   $ 133   $ 113   $ 164   $ 136   $ 133
Interest capitalized   4   6   6   6   3
Portion of rentals representative of the interest factor   14   15   12   12   12
Fixed charges as defined   $ 151   $ 134   $ 182   $ 154   $ 148
Ratio of earnings to fixed charges       1.46   1.35   1.55

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.