Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
|
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| |||||
Income from continuing operations before income taxes |
| $ | 3,265 |
| $ | 2,591 |
| $ | 4,313 |
| $ | 2,566 |
| $ | 1,290 |
|
Adjustment for companies accounted for by the equity method |
| (23 | ) | 39 |
| 150 |
| 63 |
| (12 | ) | |||||
Less: Capitalized interest |
| (25 | ) | (70 | ) | (56 | ) | (39 | ) | (37 | ) | |||||
Add: Amortization of capitalized interest |
| 51 |
| 32 |
| 36 |
| 36 |
| 37 |
| |||||
|
| 3,268 |
| 2,592 |
| 4,443 |
| 2,626 |
| 1,278 |
| |||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest and debt expense |
| 370 |
| 322 |
| 377 |
| 448 |
| 464 |
| |||||
Capitalized interest |
| 25 |
| 70 |
| 56 |
| 39 |
| 37 |
| |||||
Rental expense representative of interest factor |
| 77 |
| 107 |
| 108 |
| 101 |
| 121 |
| |||||
|
| 472 |
| 499 |
| 541 |
| 588 |
| 622 |
| |||||
Total adjusted earnings available for payment of fixed charges |
| $ | 3,740 |
| $ | 3,091 |
| $ | 4,984 |
| $ | 3,214 |
| $ | 1,900 |
|
Number of times fixed charges earned |
| 7.9 |
| 6.2 |
| 9.2 |
| 5.5 |
| 3.1 |
| |||||
