EX-12 3 dex12.txt COMPUTATION OF RATIO EARNINGS Form 10-Q Exhibit 12 E. I. DU PONT DE NEMOURS AND COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in millions)
Three Months Years Ended December 31 ---------------------------------------------------------------- Ended March 31, 2001 2000 1999 1998 1997 1996 -------------- ---- ---- ---- ---- ---- Income from Continuing Operations Before Extraordinary Item and Cumulative Effect of Change In Accounting Principle $ 484 $ 2,314 $ 219 $ 1,648 $ 1,432 $ 2,931 Provision for Income Taxes 272 1,072 1,410 941 1,354 1,416 Minority Interests in Earnings of Consolidated Subsidiaries 3 61 61 24 43 40 Adjustment for Companies Accounted for by the Equity Method (16) (109) 33 (39) 936(a) 82 Capitalized Interest (16) (69) (107) (120) (80) (70) Amortization of Capitalized Interest 16 65 88(b) 65(b) 82(b) 127(b) ------- ------- ------- ------- ------- ------- 743 3,334 1,704 2,519 3,767 4,526 ------- ------- ------- ------- ------- ------- Fixed Charges: Interest and Debt Expense - Continuing Operations 178 810 535 520 389 409 Interest and Debt Expense - Discontinued Operations(c) -- -- 180 304 252 304 Capitalized Interest - Continuing Operations 16 69 107 120 80 70 Capitalized Interest - Discontinued Operations(c) -- -- 3 78 90 73 Rental Expense Representative of Interest Factor 18 70 66 71 83 80 ------- ------- ------- ------- ------- ------- 212 949 891 1,093 894 936 ------- ------- ------- ------- ------- ------- Total Adjusted Earnings Available for Payment of Fixed Charges $ 955 $ 4,283 $ 2,595 $ 3,612 $ 4,661 $ 5,462 ======= ======= ======= ======= ======= ======= Number of Times Fixed Charges Earned 4.5 4.5 2.9 3.3 5.2 5.8 ======= ======= ======= ======= ======= =======
___________________________________ (a) Includes write-off of Purchased In-Process Research and Development associated with acquisition of 20% interest in Pioneer Hi-Bred International, Inc. (b) Includes write-off of capitalized interest associated with divested businesses. (c) Divestiture of Conoco Inc. was completed August 6, 1999. 29