EX-12 2 a11-10576_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)

 

 

 

 

 

Years Ended December 31,

 

 

 

Three Months
Ended
March 31, 2011

 

2010

 

2009

 

2008

 

2007

 

2006

 

Income before income taxes

 

$

1,702

 

$

3,711

 

$

2,184

 

$

2,391

 

$

3,743

 

$

3,329

 

Adjustment for companies accounted for by the equity method

 

(31

)

(74

)

(50

)

6

 

218

 

11

 

Capitalized interest

 

(12

)

(38

)

(47

)

(49

)

(45

)

(37

)

Amortization of capitalized interest

 

9

 

35

 

37

 

37

 

34

 

33

 

 

 

1,668

 

3,634

 

2,124

 

2,385

 

3,950

 

3,336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

100

 

590

 

408

 

376

 

430

 

460

 

Capitalized interest

 

12

 

38

 

47

 

49

 

45

 

37

 

Rental expense representative of interest factor

 

22

 

89

 

101

 

107

 

107

 

94

 

 

 

134

 

717

 

556

 

532

 

582

 

591

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total adjusted earnings available for payment of fixed charges

 

$

1,802

 

$

4,351

 

$

2,680

 

$

2,917

 

$

4,532

 

$

3,927

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of times fixed charges earned

 

13.4

 

6.1

 

4.8

 

5.5

 

7.8

 

6.6