EX-12.2 3 dex122.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.2

 

United States Steel Corporation

Computation of Ratio of Earnings to Fixed Charges

TOTAL ENTERPRISE BASIS—Unaudited

Continuing Operations

(Dollars in Millions)

 

     Nine Months
Ended
September 30,


   Year Ended December 31,

(Dollars in Millions)    2005    2004    2004    2003     2002    2001     2000

Portion of rentals representing interest

   $ 36    $ 37    $ 51    $ 46     $ 34    $ 45     $ 48

Capitalized interest

     7      6      8      8       6      1       3

Other interest and fixed charges

     59      103      131      156       136      153       115
    

  

  

  


 

  


 

Total fixed charges (A)

   $ 102    $ 146    $ 190    $ 210     $ 176    $ 199     $ 166
    

  

  

  


 

  


 

Earnings-pretax income (loss) with applicable adjustments (B)

   $ 1,217    $ 1,028    $ 1,638    $ (604 )   $ 183    $ (387 )   $ 187
    

  

  

  


 

  


 

Ratio of (B) to (A)

     11.93      7.04      8.62      (a )     1.04      (b )     1.13

 

(a) Earnings did not cover fixed charges and preferred stock dividends by $814 million.
(b) Earnings did not cover fixed charges and preferred stock dividends by $586 million.