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New words:
building, capacity, commence, Critical, diversified, dynamic, equivalent, Hemisphere, magnitude, multidistrict, nonwoven, Northern, originally, quantify, resolutory, shareholder, situation, unfold
Removed:
occasionally, unrealized
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Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
| Successor | Predecessor | |||||
| Six Months Ended June 30, 2018 | Six Months Ended June 30, 2017 | |||||
| Income from continuing operations before income taxes | $ | 466 | $ | 2,181 | ||
| Adjustment for companies accounted for by the equity method | 76 | (30 | ) | |||
| Less: Capitalized interest | (9 | ) | (13 | ) | ||
| Add: Amortization of capitalized interest | 1 | 13 | ||||
| 534 | 2,151 | |||||
| Fixed charges: | ||||||
| Interest and debt expense | 166 | 183 | ||||
| Capitalized interest | 9 | 13 | ||||
| Rental expense representative of interest factor | 47 | 47 | ||||
| 222 | 243 | |||||
| Total adjusted earnings available for payment of fixed charges | $ | 756 | $ | 2,394 | ||
| Number of times fixed charges earned | 3.4 | 9.9 | ||||