Exhibit 12.2 USX CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES TOTAL ENTERPRISE BASIS - (Unaudited) Continuing Operations ------------------------------------------------- (Dollars in Millions) Nine Months Ended Year Ended December 31 September 30 -------------------------------- 1998 1997 1997 1996 1995 1994 1993 ---- ---- ---- ----- ---- ---- ---- Portion of rentals representing interest $62 $60 $82 $78 $76 $83 $81 Capitalized interest 35 16 31 11 13 58 105 Other interest and fixed charges 240 243 312 382 452 456 365 ---- ---- ---- ---- ----- ---- ---- Total fixed charges (A) $337 $319 $425 $471 $541 $597 $551 ==== ==== ==== ==== ==== ==== ==== Earnings-pretax income with applicable adjustments (B) $1329 $1386 $1745 $1837 $877 $1300 $239 ==== ==== ==== ==== ==== ==== ==== Ratio of (B) to (A) 3.94 4.34 4.11 3.90 1.62 2.18 (a) ==== ==== ==== ==== ==== ==== ==== <FN> (a) Earnings did not cover fixed charges by $312 million for 1993.