Attached files
file | filename |
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EX-31.2 - EX-31.2 - DUPONT E I DE NEMOURS & CO | dd-ex312_2017930xq3.htm |
EX-99.1 - EX-99.1 - DUPONT E I DE NEMOURS & CO | dd-ex991_2017930xq3.htm |
EX-32.2 - EX-32.2 - DUPONT E I DE NEMOURS & CO | dd-ex322_2017930xq3.htm |
EX-32.1 - EX-32.1 - DUPONT E I DE NEMOURS & CO | dd-ex321_2017930xq3.htm |
EX-31.1 - EX-31.1 - DUPONT E I DE NEMOURS & CO | dd-ex311_2017930xq3.htm |
10-Q - 10-Q - DUPONT E I DE NEMOURS & CO | dd-2017930x10q.htm |
Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Successor | Predecessor | |||||||||
For the Period September 1 - September 30, 2017 | For the Period January 1 - August 31, 2017 | Nine Months Ended September 30, 2016 | ||||||||
Income from continuing operations before income taxes | $ | (298 | ) | $ | 1,791 | $ | 2,474 | |||
Adjustment for companies accounted for by the equity method | 7 | (42 | ) | (41 | ) | |||||
Less: Capitalized interest | (2 | ) | (18 | ) | (18 | ) | ||||
Add: Amortization of capitalized interest | — | 18 | 21 | |||||||
(293 | ) | 1,749 | 2,436 | |||||||
Fixed charges: | ||||||||||
Interest and debt expense | 27 | 254 | 278 | |||||||
Capitalized interest | 2 | 18 | 18 | |||||||
Rental expense representative of interest factor | 6 | 47 | 76 | |||||||
35 | 319 | 372 | ||||||||
Total adjusted earnings available for payment of fixed charges | $ | (258 | ) | $ | 2,068 | $ | 2,808 | |||
Number of times fixed charges earned | N/A 1 | 6.5 | 7.5 |
1 The ratio coverage for the period September 1 to September 30, 2017 is less than 1:1. DuPont would need to generate additional earnings of approximately $293 million to achieve coverage of 1:1 for the period September 1 to September 30, 2017.