Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
| | Nine Months | | | | | | | | | | | |
| | Ended | | | | | | | | | | | |
| | September 30, | | Years Ended December 31, | |
| | 2009 | | 2008 | | 2007 | | 2006 | | 2005 | | 2004 | |
| | | | | | | | | | | | | |
Net income attributable to Dupont before cumulative effect of changes in accounting principles | | $ | 1,314 | | $ | 2,007 | | $ | 2,988 | | $ | 3,148 | | $ | 2,056 | | $ | 1,780 | |
Provision for (benefit from) income taxes | | 288 | | 381 | | 748 | | 196 | | 1,470 | | (329 | ) |
Noncontrolling interests in earnings (losses) of consolidated subsidiaries | | 10 | | 3 | | 7 | | (15 | ) | 37 | | (9 | ) |
Adjustment for companies accounted for by the equity method | | (47 | ) | 6 | | 218 | | 11 | | (1 | ) | 99 | |
Capitalized interest | | (38 | ) | (49 | ) | (45 | ) | (37 | ) | (23 | ) | (17 | ) |
Amortization of capitalized interest | | 28 | | 37 | | 34 | | 33 | | 33 | | 365 | (a) |
| | | | | | | | | | | | | |
| | 1,555 | | 2,385 | | 3,950 | | 3,336 | | 3,572 | | 1,889 | |
| | | | | | | | | | | | | |
Fixed charges: | | | | | | | | | | | | | |
Interest and debt expense | | 312 | | 376 | | 430 | | 460 | | 518 | | 362 | |
Capitalized interest | | 38 | | 49 | | 45 | | 37 | | 23 | | 17 | |
Rental expense representative of interest factor | | 80 | | 107 | | 107 | | 94 | | 88 | | 91 | |
| | | | | | | | | | | | | |
| | 430 | | 532 | | 582 | | 591 | | 629 | | 470 | |
| | | | | | | | | | | | | |
Total adjusted earnings available for payment of fixed charges | | $ | 1,985 | | $ | 2,917 | | $ | 4,532 | | $ | 3,927 | | $ | 4,201 | | $ | 2,359 | |
| | | | | | | | | | | | | |
Number of times fixed charges earned | | 4.6 | | 5.5 | | 7.8 | | 6.6 | | 6.7 | | 5.0 | |
(a) Includes write-off of capitalized interest associated with exiting certain businesses.
