Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
(Dollars in millions)
Years Ended December 31 | ||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Income before cumulative effect of changes in accounting principles | $ | 2,007 | $ | 2,988 | $ | 3,148 | $ | 2,056 | $ | 1,780 | ||||||||||
Provision for (benefit from) income taxes | 381 | 748 | 196 | 1,470 | (329 | ) | ||||||||||||||
Minority interests in earnings (losses) of consolidated subsidiaries | 3 | 7 | (15 | ) | 37 | (9 | ) | |||||||||||||
Adjustment for companies accounted for by the equity method | 6 | 218 | 11 | (1 | ) | 99 | ||||||||||||||
Capitalized interest | (49 | ) | (45 | ) | (37 | ) | (23 | ) | (17 | ) | ||||||||||
Amortization of capitalized interest | 37 | 34 | 33 | 33 | 365 | (a) | ||||||||||||||
2,385 | 3,950 | 3,336 | 3,572 | 1,889 | ||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest and debt expense | 376 | 430 | 460 | 518 | 362 | |||||||||||||||
Capitalized interest | 49 | 45 | 37 | 23 | 17 | |||||||||||||||
Rental expense representative of interest factor | 107 | 107 | 94 | 88 | 91 | |||||||||||||||
532 | 582 | 591 | 629 | 470 | ||||||||||||||||
Total adjusted earnings available for payment of fixed charges | $ | 2,917 | $ | 4,532 | $ | 3,927 | $ | 4,201 | $ | 2,359 | ||||||||||
Number of times fixed charges are earned | 5.5 | 7.8 | 6.6 | 6.7 | 5.0 | |||||||||||||||
(a) | Includes write-off of capitalized interest associated with exiting certain businesses. |