United States Steel (X) 10-K 2003 FY Annual report

Exhibit 12.2

United States Steel Corporation

Computation of Ratio of Earnings to Fixed Charges

Unaudited

(Dollars in Millions)

	Year Ended December 31
	2003			2002		2001			2000		1999
Portion of rentals representing interest	$	46		$	34	$	45		$	48	$	46
Capitalized interest		8			6		1			3		7
Other interest and fixed charges		156			136		153			115		74
Total fixed charges (A)	$	210		$	176	$	199		$	166	$	127
Earnings — pretax income with applicable adjustments (B)	$	(604	)	$	183	$	(387	)	$	187	$	295
Ratio of (B) to (A)		(a)			1.04		(a)			1.13		2.33

(a) Earnings did not cover fixed charges by $814 million in 2003 and by $586 million in 2001