Form 10-Q
Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Six Months Years Ended December 31
Ended -------------------------------------------------------------
June 30, 2001 2000 1999 1998 1997 1996
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Income from Continuing Operations
Before Extraordinary Item and
Cumulative Effect of Change In
Accounting Principle $ 271 $ 2,314 $ 219 $ 1,648 $ 1,432 $ 2,931
Provision for Income Taxes 133 1,072 1,410 941 1,354 1,416
Minority Interests in Earnings of
Consolidated Subsidiaries 26 61 61 24 43 40
Adjustment for Companies Accounted
for by the Equity Method 11 (109) 33 (39) 936 (a) 82
Capitalized Interest (32) (69) (107) (120) (80) (70)
Amortization of Capitalized Interest 27 65 88 (b) 65 (b) 82 (b) 127 (b)
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436 3,334 1,704 2,519 3,767 4,526
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Fixed Charges:
Interest and Debt Expense -
Continuing Operations 344 810 535 520 389 409
Interest and Debt Expense -
Discontinued Operations(c) - - 180 304 252 304
Capitalized Interest - Continuing
Operations 32 69 107 120 80 70
Capitalized Interest - Discontinued
Operations(c) - - 3 78 90 73
Rental Expense Representative of
Interest Factor 36 70 66 71 83 80
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412 949 891 1,093 894 936
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Total Adjusted Earnings Available for
Payment of Fixed Charges $ 848 $ 4,283 $ 2,595 $ 3,612 $ 4,661 $ 5,462
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Number of Times Fixed Charges Earned 2.1 4.5 2.9 3.3 5.2 5.8
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(a) Includes write-off of Purchased In-Process Research and Development
associated with acquisition of 20% interest in Pioneer Hi-Bred
International, Inc.
(b) Includes write-off of capitalized interest associated with divested
businesses.
(c) Divestiture of Conoco Inc. was completed August 6, 1999.
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