EX-12 3 a2151039zex-12.htm EXHIBIT 12
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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
 
 
  2004
  2003
  2002
  2001
  2000
 
Income from Continuing Operations Before Extraordinary Item and Cumulative Effect of a Change In Accounting Principles   $ 1,780   $ 1,002   $ 1,841   $ 4,328   (a) $ 2,314  
(Benefit from) Provision for Income Taxes     (329 )   (930 )   185     2,467     1,072  
Minority Interests in (Losses) Earnings of Consolidated Subsidiaries     (9 )   71     98     49     61  
Adjustment for Companies Accounted for by the Equity Method     99     360     45     93     (109 )
Capitalized Interest     (17 )   (29 )   (45 )   (62 )   (69 )
Amortization of Capitalized Interest     365   (b)   119   (b)   59     61     65  
   
 
 
 
 
 
      1,889     593     2,183     6,936     3,334  
   
 
 
 
 
 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
  Interest and Debt Expense     362     347     359     590     810  
  Capitalized Interest     17     29     45     62     69  
  Rental Expense Representative of Interest Factor     91     90     82     78     70  
   
 
 
 
 
 
      470     466     486     730     949  
   
 
 
 
 
 

Total Adjusted Earnings Available for Payment of Fixed Charges

 

$

2,359

 

$

1,059

 

$

2,669

 

$

7,666

 

$

4,283

 
   
 
 
 
 
 

Number of Times Fixed Charges are Earned

 

 

5.0

 

 

2.3

 

 

5.5

 

 

10.5

 

 

4.5

 
   
 
 
 
 
 

(a)
Includes $3,866 after-tax gain on the sale of DuPont Pharmaceuticals to Bristol-Myers Squibb.

(b)
Includes write-off of capitalized interest associated with exiting certain businesses.



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Exhibit 12