EX-12.2 22 dex122.txt RATION OF EARNINGS TO FIXED CHARGES Exhibit 12.2 United States Steel Corporation Computation of Ratio of Earnings to Fixed Charges Unaudited Continuing Operations (Dollars in Millions)
Year Ended December 31 ---------------------------------------- 2001 2000 1999 1998 1997 ----- ---- ---- ---- ---- Portion of rentals representing interest .. $ 45 $ 48 $ 46 $ 52 $ 47 Capitalized interest ...................... 1 3 7 6 7 Other interest and fixed charges .......... 153 115 74 47 91 ----- ---- ---- ---- ---- Total fixed charges (A) ................... $ 199 $166 $127 $105 $145 ===== ==== ==== ==== ==== Earnings-pretax income with applicable adjustments (B) .............. $(387) $187 $295 $618 $781 ===== ==== ==== ==== ==== Ratio of (B) to (A) ....................... ***(a) 1.13 2.33 5.89 5.39 ===== ==== ==== ==== ====
(a) Earnings did not cover fixed charges by $586 million in 2001.