EX-12.1 5 dex121.txt RATIO OF EARNINGS TO COMBINED FIXED CHARGES Exhibit 12.1 UNITED STATES STEEL COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS TOTAL ENTERPRISE BASIS - (Unaudited) CONTINUING OPERATIONS ------------------------------------------------------------------------------- (Dollars in Millions)
Six Months Ended June 30 Year Ended December 31 ---------------------- 2001 2000 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- ---- ---- Portion of rentals representing interest ....... $21 $24 $48 $46 $52 $47 $44 Capitalized interest ................ 1 2 3 6 6 7 8 Other interest and fixed charges ..................... 35 49 115 75 47 91 120 Pretax earnings which would be required to cover preferred stock dividend requirements of parent ...... 6 6 12 14 15 20 37 ---- ---- ---- ---- ---- ---- ---- Combined fixed charges and preferred stock dividends (A) ............... 63 81 178 141 120 165 209 ==== ==== ==== ==== ==== ==== ==== Earnings-pretax income with applicable adjustments (B) ............. (139) 230 187 295 618 781 504 ==== ==== ==== ==== ==== ==== ==== Ratio of (B) to (A) ................. -- 2.83 1.05 2.10 5.15 4.72 2.41 ==== ==== ==== ==== ==== ==== ====