EX-12 4 dd-12312017xex12.htm EX-12
Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

|  | Successor |  | Predecessor
|  | 9/1/17-12/31/17 |  | 1/1/17-8/31/17 |  | 2016 |  | 2015 |  | 2014 |  | 2013
(Loss) Income from continuing operations before income taxes |  | $ | (1,586 | ) |  | $ | 1,791 |  |  | $ | 2,723 |  |  | $ | 2,022 |  |  | $ | 3,564 |  |  | $ | 1,857 |
Adjustment for companies accounted for by the equity method |  | 33 |  |  | (42 | ) |  | (23 | ) |  | 39 |  |  | 150 |  |  | 63 |
Less: Capitalized interest |  | (6 | ) |  | (18 | ) |  | (25 | ) |  | (70 | ) |  | (56 | ) |  | (39 | )
Add: Amortization of capitalized interest |  | — |  |  | 18 |  |  | 51 |  |  | 32 |  |  | 36 |  |  | 36 |
|  | (1,559 | ) |  | 1,749 |  |  | 2,726 |  |  | 2,023 |  |  | 3,694 |  |  | 1,917 |
Fixed charges: |  |  |  |  |  |  |  |  |  |  |  |
Interest and debt expense |  | 107 |  |  | 254 |  |  | 370 |  |  | 322 |  |  | 377 |  |  | 448 |
Capitalized interest |  | 6 |  |  | 18 |  |  | 25 |  |  | 70 |  |  | 56 |  |  | 39 |
Rental expense representative of interest factor |  | 32 |  |  | 42 |  |  | 70 |  |  | 101 |  |  | 99 |  |  | 93 |
|  | 145 |  |  | 314 |  |  | 465 |  |  | 493 |  |  | 532 |  |  | 580 |
Total adjusted earnings available for payment of fixed charges |  | $ | (1,414 | ) |  | $ | 2,063 |  |  | $ | 3,191 |  |  | $ | 2,516 |  |  | $ | 4,226 |  |  | $ | 2,497 |
Number of times fixed charges earned |  | N/A 1 |  | 6.6 |  |  | 6.9 |  |  | 5.1 |  |  | 7.9 |  |  | 4.3 |

1 The ratio coverage for the period September 1 to December 31, 2017 is less than 1:1. DuPont would need to generate additional earnings of approximately $1,559 million to achieve coverage of 1:1 for the period September 1 to December 31, 2017.