DuPont 2012 Annual Report Download - page 127

Download and view the complete annual report

Please find page 127 of the 2012 DuPont annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

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,
2012
2011
2010
2009
2008
Income from continuing operations before income taxes
$3,115
$ 3,781
$ 3,260
$ 1,943
$ 2,388
Adjustment for companies accounted for by the
equity method
(8)
(72)
(74)
(50)
6
Less: Capitalized interest
(37)
(46)
(38)
(47)
(49)
Add: Amortization of capitalized interest
37
36
35
37
37
3,107
3,699
3,183
1,883
2,382
Fixed charges:
Interest and debt expense
464
447
590
408
376
Capitalized interest
37
46
38
47
49
Rental expense representative of interest factor
121
103
89
101
107
622
596
717
556
532
Total adjusted earnings available for payment of
fixed charges
$3,729
$4,295
$3,900
$ 2,439
$2,914
Number of times fixed charges earned
6.0
7.2
5.4
4.4
5.5