EX-12 2 w74969exv12.htm EX-12 exv12
Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
                                                 
    Six Months        
    Ended        
    June 30,     Years Ended December 31,  
    2009     2008     2007     2006     2005     2004  
Net income attributable to Dupont before cumulative effect of changes in accounting principles
  $ 905     $ 2,007     $ 2,988     $ 3,148     $ 2,056     $ 1,780  
Provision for (benefit from) income taxes
    311       381       748       196       1,470       (329 )
Noncontrolling interests in earnings (losses) of consolidated subsidiaries
    5       3       7       (15 )     37       (9 )
Adjustment for companies accounted for by the equity method
    (43 )     6       218       11       (1 )     99  
Capitalized interest
    (27 )     (49 )     (45 )     (37 )     (23 )     (17 )
Amortization of capitalized interest
    19       37       34       33       33       365 a
 
                                   
 
    1,170       2,385       3,950       3,336       3,572       1,889  
 
                                   
 
                                               
Fixed charges:
                                               
Interest and debt expense
    212       376       430       460       518       362  
Capitalized interest
    27       49       45       37       23       17  
Rental expense representative of interest factor
    53       107       107       94       88       91  
 
                                   
 
    292       532       582       591       629       470  
 
                                   
Total adjusted earnings available for payment of fixed charges
  $ 1,462     $ 2,917     $ 4,532     $ 3,927     $ 4,201     $ 2,359  
 
                                   
Number of times fixed charges earned
    5.0       5.5       7.8       6.6       6.7       5.0  
 
                                   
 
a   Includes write-off of capitalized interest associated with exiting certain businesses.