DuPont 2011 Annual Report Download - page 112

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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,
2011 2010 2009 2008 2007
Income before income taxes $ 4,282 $ 3,711 $ 2,184 $ 2,391 $ 3,743
Adjustment for companies accounted for by the
equity method (72) (74) (50) 6 218
Capitalized interest (46) (38) (47) (49) (45)
Amortization of capitalized interest 36 35 37 37 34
4,200 3,634 2,124 2,385 3,950
Fixed charges:
Interest and debt expense 447 590 408 376 430
Capitalized interest 46 38 47 49 45
Rental expense representative of interest factor 103 89 101 107 107
596 717 556 532 582
Total adjusted earnings available for payment of
fixed charges $ 4,796 $ 4,351 $ 2,680 $ 2,917 $ 4,532
Number of times fixed charges earned 8.0 6.1 4.8 5.5 7.8