EX-12 4 w48305exv12.htm COMPUTATION OF THE 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  
    2007     2006     2005     2004     2003  
Income before cumulative effect of changes in accounting principles
   $ 2,988     $ 3,148     $ 2,056     $ 1,780     $ 1,002  
Provision for (benefit from) income taxes
     748       196       1,470       (329 )     (930 )
Minority interests in earnings (losses) of consolidated subsidiaries
     7       (15 )     37       (9 )     71  
Adjustment for companies accounted for by the equity method
     218       11       (1 )     99       360  
Capitalized interest
     (45 )     (37 )     (23 )     (17 )     (29 )
Amortization of capitalized interest
     34       33       33       365 (a)     119 (a)
 
                              
 
     3,950       3,336       3,572       1,889       593  
 
                              
Fixed charges:
                                        
Interest and debt expense
     430       460       518       362       347  
Capitalized interest
     45       37       23       17       29  
Rental expense representative of interest factor
     107       94       88       91       90  
 
                              
 
     582       591       629       470       466  
 
                              
Total adjusted earnings available for payment of fixed charges
   $ 4,532     $ 3,927     $ 4,201     $ 2,359     $ 1,059  
 
                              
Number of times fixed charges are earned
     7.8       6.6       6.7       5.0       2.3  
 
                              
 
(a)   Includes write-off of capitalized interest associated with exiting certain businesses.