EX-12 3 a14-10494_3ex12.htm EX-12

Exhibit 12

 

E. I. DU PONT DE NEMOURS AND COMPANY

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

 

 

 

Three

 

 

 

 

 

 

 

 

 

 

 

 

 

Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

Years Ended December 31,

 

 

 

March 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Income from continuing operations before income taxes

 

$

1,802

 

$

3,489

 

$

3,088

 

$

3,879

 

$

3,259

 

$

1,870

 

Adjustment for companies accounted for by the equity method

 

41

 

65

 

(8

)

(72

)

(74

)

(50

)

Less: Capitalized interest

 

(11

)

(39

)

(37

)

(46

)

(38

)

(47

)

Add: Amortization of capitalized interest

 

9

 

36

 

37

 

36

 

35

 

37

 

 

 

1,841

 

3,551

 

3,080

 

3,797

 

3,182

 

1,810

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

103

 

448

 

464

 

447

 

590

 

408

 

Capitalized interest

 

11

 

39

 

37

 

46

 

38

 

47

 

Rental expense representative of interest factor

 

25

 

101

 

121

 

103

 

89

 

101

 

 

 

139

 

588

 

622

 

596

 

717

 

556

 

Total adjusted earnings available for payment of fixed charges

 

$

1,980

 

$

4,139

 

$

3,702

 

$

4,393

 

$

3,899

 

$

2,366

 

Number of times fixed charges earned

 

14.2

 

7.0

 

6.0

 

7.4

 

5.4

 

4.3