EX-12 4 a06-10940_1ex12.htm EX-12

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,

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

2001

 

Income before cumulative effect of changes in accounting principles

 

$

1,792

 

$

2,053

 

$

1,780

 

$

1,002

 

$

1,841

 

$

4,328

(a)

Provision for (benefit from) income taxes

 

510

 

1,468

 

(329

)

(930

)

185

 

2,467

 

Minority interests in earnings (losses) of consolidated subsidiaries

 

3

 

37

 

(9

)

71

 

98

 

49

 

Adjustment for companies accounted for by the equity method

 

65

 

215

 

99

 

360

 

45

 

93

 

Capitalized interest

 

(17

)

(23

)

(17

)

(29

)

(45

)

(62

)

Amortization of capitalized interest

 

17

 

33

 

365

(b)

119

(b)

59

 

61

 

 

 

2,370

 

3,783

 

1,889

 

593

 

2,183

 

6,936

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

233

 

518

 

362

 

347

 

359

 

590

 

Capitalized interest

 

17

 

23

 

17

 

29

 

45

 

62

 

Rental expense representative of interest factor

 

44

 

88

 

91

 

90

 

82

 

78

 

 

 

294

 

629

 

470

 

466

 

486

 

730

 

Total adjusted earnings available for payment of fixed charges

 

$

2,664

 

$

4,412

 

$

2,359

 

$

1,059

 

$

2,669

 

$

7,666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of times fixed charges earned

 

9.1

 

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.