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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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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)
|
| Years Ended December 31 |
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|
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
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Income before income taxes |
| $ | 3,711 |
| $ | 2,184 |
| $ | 2,391 |
| $ | 3,743 |
| $ | 3,329 |
|
Adjustment for companies accounted for by the equity method |
| (74 | ) | (50 | ) | 6 |
| 218 |
| 11 |
| |||||
Capitalized interest |
| (38 | ) | (47 | ) | (49 | ) | (45 | ) | (37 | ) | |||||
Amortization of capitalized interest |
| 35 |
| 37 |
| 37 |
| 34 |
| 33 |
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|
| 3,634 |
| 2,124 |
| 2,385 |
| 3,950 |
| 3,336 |
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Fixed charges: |
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Interest and debt expense |
| 590 |
| 408 |
| 376 |
| 430 |
| 460 |
| |||||
Capitalized interest |
| 38 |
| 47 |
| 49 |
| 45 |
| 37 |
| |||||
Rental expense representative of interest factor |
| 89 |
| 101 |
| 107 |
| 107 |
| 94 |
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|
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|
| 717 |
| 556 |
| 532 |
| 582 |
| 591 |
| |||||
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Total adjusted earnings available for payment of fixed charges |
| $ | 4,351 |
| $ | 2,680 |
| $ | 2,917 |
| $ | 4,532 |
| $ | 3,927 |
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Number of times fixed charges are earned |
| 6.1 |
| 4.8 |
| 5.5 |
| 7.8 |
| 6.6 |
|