Exhibit 12
LYONDELL CHEMICAL COMPANY
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Millions of dollars)
Year Ended December 31,
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2002 2001 2000 1999 1998
---- ---- ---- ------ ------
Income (loss) from continuing operations before income taxes $(191) $(221) $ 693 $(104) $ 89
Fixed charges:
Interest expense, gross ................................... 508 495 627 717 385
Portion of rentals representative of interest ............. 51 44 46 53 35
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Total fixed charges before capitalized interest ...... 559 539 673 770 420
Capitalized interest ...................................... 10 3 -- -- --
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Total fixed charges including capitalized interest ... 569 542 673 770 420
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Earnings before fixed charges .................................. $ 368 $ 318 $1,366 $ 666 $ 509
Ratio of earnings to fixed charges (a) ......................... -- -- 2.0 -- 1.2
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(a) In 2002, 2001 and 1999, earnings were insufficient to cover fixed charges
by $201 million, $224 million and $104 million, respectively.