EX-12 2 w26591exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
                                                 
    Nine Months        
    Ended        
    September 30,     Years Ended December 31,
    2006   2005   2004   2003   2002   2001
Income before cumulative effect of changes
in accounting principles
  $ 2,277     $ 2,053     $ 1,780     $ 1,002     $ 1,841     $ 4,328 (a)
Provision for (benefit from) income taxes
    662       1,468       (329 )     (930 )     185       2,467  
Minority interests in earnings (losses) of
consolidated subsidiaries
    2       37       (9 )     71       98       49  
Adjustment for companies accounted for by the equity method
    90       215       99       360       45       93  
Capitalized interest
    (26 )     (23 )     (17 )     (29 )     (45 )     (62 )
Amortization of capitalized interest
    25       33       365 (b)     119 (b)     59       61  
 
                       
 
                                               
 
    3,030       3,783       1,889       593       2,183       6,936  
 
                       
 
                                               
Fixed charges:
                                               
Interest and debt expense
    347       518       362       347       359       590  
Capitalized interest
    26       23       17       29       45       62  
Rental expense representative of
interest factor
    66       88       91       90       82       78  
 
                       
 
                                               
 
    439       629       470       466       486       730  
 
                       
 
                                               
Total adjusted earnings available for
payment of fixed charges
  $ 3,469     $ 4,412     $ 2,359     $ 1,059     $ 2,669     $ 7,666  
 
                       
 
                                               
Number of times fixed charges earned
    7.9       7.0       5.0       2.3       5.5       10.5  
 
                       
 
(a)   Includes $3,866 after-tax gain on the sale of DuPont Pharmaceuticals to Bristol-Myers Squibb.
 
(b)   Includes write-off of capitalized interest associated with exiting certain businesses.