EXHIBIT 12
GEORGIA-PACIFIC CORPORATION AND SUBSIDIARIES
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
(In millions)
For the year ended
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January 1, December 31,
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2000 1998 1997
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Fixed charges:
Total interest expense $ 501 $ 451 $ 477
One-third of rent expense 39 25 25
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Total fixed charges 540 476 502
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Add (deduct):
Income before income taxes,
extraordinary item and
accounting change 1,821 491 235
Interest capitalized 10 7 6
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1,831 498 241
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Earnings for fixed charges $2,371 $ 974 $ 743
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Ratio of earnings to fixed charges 4.39x 2.05x 1.48x
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