EX-12 6 w26090exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

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  
    2006     2005     2004     2003     2002  
 
                                        
Income before cumulative effect of changes in accounting principles
   $ 3,148     $ 2,056     $ 1,780     $ 1,002     $ 1,841  
Provision for (benefit from) income taxes
     196       1,470       (329 )     (930 )     185  
Minority interests in earnings (losses) of consolidated subsidiaries
     (15 )     37       (9 )     71       98  
Adjustment for companies accounted for by the equity method
     11       (1 )     99       360       48  
Capitalized interest
     (37 )     (23 )     (17 )     (29 )     (45 )
Amortization of capitalized interest
     33       33       365 (a)     119 (a)     59  
 
                              
 
 
     3,336       3,572       1,889       593       2,186  
 
                              
 
                                        
Fixed charges:
                                        
Interest and debt expense
     460       518       362       347       359  
Capitalized interest
     37       23       17       29       45  
Rental expense representative of interest factor
     94       88       91       90       82  
 
                              
 
 
     591       629       470       466       486  
 
                              
 
                                        
Total adjusted earnings available for payment of fixed charges
   $ 3,927     $ 4,201     $ 2,359     $ 1,059     $ 2,672  
 
                              
 
                                        
Number of times fixed charges are earned
     6.6       6.7       5.0       2.3       5.5  
 
                              
 
(a)   Includes write-off of capitalized interest associated with exiting certain businesses.