Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - DUPONT E I DE NEMOURS & CO | dd-3312018xex322.htm |
| EX-32.1 - EX-32.1 - DUPONT E I DE NEMOURS & CO | dd-3312018xex321.htm |
| EX-31.2 - EX-31.2 - DUPONT E I DE NEMOURS & CO | dd-3312018xex312.htm |
| EX-31.1 - EX-31.1 - DUPONT E I DE NEMOURS & CO | dd-3312018xex311.htm |
| 10-Q - 10-Q - DUPONT E I DE NEMOURS & CO | dd-331201810xq.htm |
Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Successor | Predecessor | |||||
Three Months Ended March 31, 2018 | Three Months Ended March 31, 2017 | |||||
(Loss) Income from continuing operations before income taxes | $ | (189 | ) | $ | 1,375 | |
Adjustment for companies accounted for by the equity method | 87 | (17 | ) | |||
Less: Capitalized interest | (4 | ) | (7 | ) | ||
Add: Amortization of capitalized interest | — | 7 | ||||
(106 | ) | 1,358 | ||||
Fixed charges: | ||||||
Interest and debt expense | 80 | 84 | ||||
Capitalized interest | 4 | 7 | ||||
Rental expense representative of interest factor | 24 | 24 | ||||
108 | 115 | |||||
Total adjusted earnings available for payment of fixed charges | $ | 2 | $ | 1,473 | ||
Number of times fixed charges earned | N/A1 | 12.8 | ||||
1 The ratio coverage for the three months ended March 31, 2018 is less than 1:1. DuPont would need to generate additional earnings of approximately $106 million to achieve coverage of 1:1 for the three months ended March 31, 2018.