EX-12 3 dex12.txt DETAIL FOR COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12 LYONDELL CHEMICAL COMPANY STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of dollars)
TWELVE TWELVE TWELVE MONTHS MONTHS MONTHS ENDED ENDED ENDED DECEMBER 31, DECEMBER 31, DECEMBER 31, 2001 2000 1999 ------------- ------------ ------------- Income (loss) from continuing operations before income taxes $ (221) $ 693 $(104) FIXED CHARGES: Interest expense, gross 495 627 717 Portion of rentals representative of interest 44 46 53 ------ ------ ----- Total fixed charges before capitalized interest 539 673 770 Capitalized interest 3 - - ------ ------ ----- Total fixed charges including capitalized interest 542 673 770 EARNINGS 318 1,366 666 Ratio of Earnings to Fixed Charges (a) - 2.0x - ====== ====== =====
(a) In 2001 and 1999, earnings were insufficient to cover fixed charges by $224 million and $104 million, respectively.