EXHIBIT 12.1
MILLENNIUM CHEMICALS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS)
FISCAL YEAR
YEAR ENDED ENDED
DECEMBER 31, SEPTEMBER 30,
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1997 1996 1995 1994 1993
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Pre-tax income........................................................ $ 342 $ 330 $ 554 $ 131 $ 151
Equistar earnings..................................................... (18) -- -- -- --
Suburban losses/earnings.............................................. 5 (37) -- -- --
Interest expense (a).................................................. 131 214 240 206 14
Rent expense (a)...................................................... 19 18 20 19 1
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Total............................................................ $ 479 $ 525 $ 814 $ 356 $ 166
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(a) Fixed charges........................................... $ 150 $ 232 $ 260 $ 225 $ 15
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Ratio of earnings to fixed charges.................................... 3.3:1 2.3:1 3.1:1 1.6:1 11.1:1