Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Years Ended December 31
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1997 1996 1995 1994 1993
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Net Income ........................................... $2,405 $3,636 $3,293 $2,727 $ 566(a)
Provision for Income Taxes ........................... 2,275 2,345 2,097 1,655 392
Minority Interests in Earnings of Consolidated
Subsidiaries ....................................... 67 59 30 18 5
Adjustment for Companies Accounted for
by the Equity Method ............................... 982(b) 81 41 18 41
Capitalized Interest ................................. (169) (144) (170) (143) (194)
Amortization of Capitalized Interest ................. 138(c) 191(c) 154 154 144
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5,698 6,168 5,445 4,429 954
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Fixed Charges:
Interest and Debt Expense .......................... 662 729 758 559 594
Adjustment for Companies Accounted for by
the Equity Method - Interest and Debt Expense .... 97 70 71 55 42
Capitalized Interest ............................... 169 144 170 143 194
Rental Expense Representative of Interest Factor ... 127 118 113 118 143
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1,055 1,061 1,112 875 973
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Total Adjusted Earnings Available for Payment of
Fixed Charges ...................................... $6,753 $7,229 $6,557 $5,304 $1,927
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Number of Times Fixed Charges Are Earned ............. 6.4 6.8 5.9 6.1 2.0
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(a) Income Before Extraordinary Item and Transition Effect of Accounting Changes.
(b) Includes write-off of Purchased In-Process Research and Development associated
with acquisition of a 20% interest in Pioneer Hi-Bred International, Inc.
(c) Includes write-off of capitalized interest associated with divested businesses.