EX-12 2 a09-32134_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)

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

Years Ended December 31,

 

 

 

2009

 

2008

 

2007

 

2006

 

2005

 

2004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Dupont before cumulative effect of changes in accounting principles

 

$

1,314

 

$

2,007

 

$

2,988

 

$

3,148

 

$

2,056

 

$

1,780

 

Provision for (benefit from) income taxes

 

288

 

381

 

748

 

196

 

1,470

 

(329

)

Noncontrolling interests in earnings (losses) of consolidated subsidiaries

 

10

 

3

 

7

 

(15

)

37

 

(9

)

Adjustment for companies accounted for by the equity method

 

(47

)

6

 

218

 

11

 

(1

)

99

 

Capitalized interest

 

(38

)

(49

)

(45

)

(37

)

(23

)

(17

)

Amortization of capitalized interest

 

28

 

37

 

34

 

33

 

33

 

365

(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,555

 

2,385

 

3,950

 

3,336

 

3,572

 

1,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

312

 

376

 

430

 

460

 

518

 

362

 

Capitalized interest

 

38

 

49

 

45

 

37

 

23

 

17

 

Rental expense representative of interest factor

 

80

 

107

 

107

 

94

 

88

 

91

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

430

 

532

 

582

 

591

 

629

 

470

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

 

$

1,985

 

$

2,917

 

$

4,532

 

$

3,927

 

$

4,201

 

$

2,359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of times fixed charges earned

 

4.6

 

5.5

 

7.8

 

6.6

 

6.7

 

5.0

 

 

(a)      Includes write-off of capitalized interest associated with exiting certain businesses.