EX-12 3 dd-12312014xex12.htm EX-12 DD-12.31.2014-EX12


Exhibit 12
 
E. I. DU PONT DE NEMOURS AND COMPANY
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
 
 
 
 
 
 
 
 
 
2014
 
2013
 
2012
 
2011
 
2010
Income from continuing operations before income taxes
 
$
4,991

 
$
3,489

 
$
3,088

 
$
3,879

 
$
3,259

Adjustment for companies accounted for by the
   equity method
 
145

 
65

 
(8)

 
(72)

 
(74)

Less: Capitalized interest
 
(56)

 
(39)

 
(37)

 
(46)

 
(38)

Add: Amortization of capitalized interest
 
36

 
36

 
37

 
36

 
35

 
 
5,116

 
3,551

 
3,080

 
3,797

 
3,182

Fixed charges:
 
 
 
 
 
 
 
 

 
 

Interest and debt expense
 
377

 
448

 
464

 
447

 
590

Capitalized interest
 
56

 
39

 
37

 
46

 
38

Rental expense representative of interest factor
 
108

 
101

 
121

 
103

 
89

 
 
541

 
588

 
622

 
596

 
717

Total adjusted earnings available for payment of
    fixed charges
 
$
5,657

 
$
4,139

 
$
3,702

 
$
4,393

 
$
3,899

Number of times fixed charges earned
 
10.5

 
7.0

 
6.0

 
7.4

 
5.4