Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
(Dollars in millions)
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
June 30, | Years Ended December 31, | |||||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||||
Income before cumulative effect of changes in accounting principles | $ | 2,269 | $ | 2,988 | $ | 3,148 | $ | 2,056 | $ | 1,780 | $ | 1,002 | ||||||||||||
Provision for (benefit from) income taxes | 608 | 748 | 196 | 1,470 | (329 | ) | (930 | ) | ||||||||||||||||
Minority interests in earnings (losses) of consolidated subsidiaries | 5 | 7 | (15 | ) | 37 | (9 | ) | 71 | ||||||||||||||||
Adjustment for companies accounted for by the equity method | (64 | ) | 218 | 11 | (1 | ) | 99 | 360 | ||||||||||||||||
Capitalized interest | (24 | ) | (45 | ) | (37 | ) | (23 | ) | (17 | ) | (29 | ) | ||||||||||||
Amortization of capitalized interest | 18 | 34 | 33 | 33 | 365 | a | 119 | a | ||||||||||||||||
2,812 | 3,950 | 3,336 | 3,572 | 1,889 | 593 | |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest and debt expense | 174 | 430 | 460 | 518 | 362 | 347 | ||||||||||||||||||
Capitalized interest | 24 | 45 | 37 | 23 | 17 | 29 | ||||||||||||||||||
Rental expense representative of interest factor | 54 | 107 | 94 | 88 | 91 | 90 | ||||||||||||||||||
252 | 582 | 591 | 629 | 470 | 466 | |||||||||||||||||||
Total adjusted earnings available for payment of fixed charges | $ | 3,064 | $ | 4,532 | $ | 3,927 | $ | 4,201 | $ | 2,359 | $ | 1,059 | ||||||||||||
Number of times fixed charges earned | 12.2 | 7.8 | 6.6 | 6.7 | 5.0 | 2.3 | ||||||||||||||||||
a | Includes write-off of capitalized interest associated with exiting certain businesses. |