Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
(Dollars in millions)
Nine Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
September 30, | Years Ended December 31, | |||||||||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||||||
Income before cumulative effect of changes in accounting principles | $ | 2,469 | $ | 3,148 | $ | 2,056 | $ | 1,780 | $ | 1,002 | $ | 1,841 | ||||||||||||
Provision for (benefit from) income taxes | 816 | 196 | 1,470 | (329 | ) | (930 | ) | 185 | ||||||||||||||||
Minority interests in earnings (losses) of consolidated subsidiaries | 5 | (15 | ) | 37 | (9 | ) | 71 | 98 | ||||||||||||||||
Adjustment for companies accounted for by the equity method | 27 | 11 | (1 | ) | 99 | 360 | 48 | |||||||||||||||||
Capitalized interest | (33 | ) | (37 | ) | (23 | ) | (17 | ) | (29 | ) | (45 | ) | ||||||||||||
Amortization of capitalized interest | 26 | 33 | 33 | 365 | (a) | 119 | (a) | 59 | ||||||||||||||||
3,310 | 3,336 | 3,572 | 1,889 | 593 | 2,186 | |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest and debt expense | 320 | 460 | 518 | 362 | 347 | 359 | ||||||||||||||||||
Capitalized interest | 33 | 37 | 23 | 17 | 29 | 45 | ||||||||||||||||||
Rental expense representative of interest factor | 71 | 94 | 88 | 91 | 90 | 82 | ||||||||||||||||||
424 | 591 | 629 | 470 | 466 | 486 | |||||||||||||||||||
Total adjusted earnings available for payment of fixed charges | $ | 3,734 | $ | 3,927 | $ | 4,201 | $ | 2,359 | $ | 1,059 | $ | 2,672 | ||||||||||||
Number of times fixed charges earned | 8.8 | 6.6 | 6.7 | 5.0 | 2.3 | 5.5 | ||||||||||||||||||
(a) | Includes write-off of capitalized interest associated with exiting certain businesses. |