EX-12 9 dex12.txt STATEMENTS OF COMPUTATION EXHIBIT 12 GEORGIA-PACIFIC CORPORATION AND SUBSIDIARIES STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES For the year ended ----------------------------------------- (Unaudited) December 29, December 30, January 1, In millions 2001 2000 2000 ================================================================================ Fixed charges: Total interest expense $ 1,133 $ 607 $ 432 One-third of rent expense 68 54 37 -------------------------------------------------------------------------------- Total fixed charges 1,201 661 469 -------------------------------------------------------------------------------- Add: (Loss) income before income taxes and extraordinary item (295) 553 1,164 Interest capitalized 3 4 10 -------------------------------------------------------------------------------- (292) 557 1,174 -------------------------------------------------------------------------------- Earnings for fixed charges $ 909 $ 1,218 $ 1,643 ================================================================================ Ratio of earnings to fixed charges 0.76x 1.84x 3.50x ================================================================================