EX-12 2 dd-ex12_2017930xq3.htm EX-12 Exhibit


Exhibit 12
 
E.  I.  DU  PONT  DE  NEMOURS  AND  COMPANY
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
 
 
 
Successor
Predecessor
 
 
For the Period
September 1 - September 30, 2017
For the Period
January 1 -
August 31, 2017
Nine Months Ended
September 30, 2016
Income from continuing operations before income taxes
 
$
(298
)
$
1,791

$
2,474

Adjustment for companies accounted for by the
   equity method
 
7

(42
)
(41
)
Less: Capitalized interest
 
(2
)
(18
)
(18
)
Add: Amortization of capitalized interest
 
—

18

21

 
 
(293
)
1,749

2,436

Fixed charges:
 
 

 

 
Interest and debt expense
 
27

254

278

Capitalized interest
 
2

18

18

Rental expense representative of interest factor
 
6

47

76

 
 
35

319

372

Total adjusted earnings available for payment of
    fixed charges
 
$
(258
)
$
2,068

$
2,808

Number of times fixed charges earned
 
N/A 1

6.5

7.5


1 The ratio coverage for the period September 1 to September 30, 2017 is less than 1:1. DuPont would need to generate additional earnings of approximately $293 million to achieve coverage of 1:1 for the period September 1 to September 30, 2017.