Exhibit 12.1

 

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(DOLLARS IN MILLIONS)

 

 

 

Nine Months
Ended
September 30,

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2011

 

2010

 

2009

 

2008

 

2007

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized (includes amortization of deferred financing costs)

 

$

184

 

$

198

 

$

264

 

$

249

 

$

243

 

$

279

 

$

303

 

Interest portion of rent expense

 

24

 

22

 

30

 

28

 

27

 

30

 

32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

208

 

$

220

 

$

294

 

$

277

 

$

270

 

$

309

 

$

335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) from continuing operations less equity income

 

607

 

274

 

362

 

160

 

(243

)

(75

)

259

 

Fixed charges

 

208

 

220

 

294

 

260

 

270

 

309

 

335

 

Amortization of capitalized interest

 

3

 

3

 

3

 

3

 

3

 

2

 

1

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

(3

)

(1

)

(2

)

(1

)

(3

)

(17

)

(17

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings plus fixed charges

 

$

815

 

$

496

 

$

657

 

$

439

 

$

27

 

$

219

 

$

578

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.9

 

2.3

 

2.2

 

1.6

 

 

 

1.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings to fixed charges

 

$

 

$

 

$

 

$

 

$

243

 

$

90

 

$