Exhibit 12.2
USX CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
TOTAL ENTERPRISE BASIS - (Unaudited)
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(Dollars in Millions)
Nine Months
Ended Year Ended December 31
September 30 --------------------------------
1994 1993* 1993 1992 1991 1990 1989
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Portion of rentals
representing interest $61 $63 $84 $87 $91 $88 $79
Capitalized interest 53 78 105 78 63 50 42
Other interest and fixed
charges 341 304 372 408 474 554 761
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Total fixed charges (A) $455 $445 $561 $573 $628 $692 $882
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Earnings-pretax income (loss)
with applicable
adjustments (B) $962 $90 $280 $376 $(53) $1,935 $2,271
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Ratio of (B) to (A) 2.11 (a) (b) (c) (d) 2.80 2.57
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<FN>
*Restated
(a) Earnings did not cover fixed charges by $355 million.
(b) Earnings did not cover fixed charges by $281 million.
(c) Earnings did not cover fixed charges by $197 million.
(d) Earnings did not cover fixed charges by $681 million.