Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - DUPONT E I DE NEMOURS & CO | dd-9302018xex322.htm |
| EX-32.1 - EX-32.1 - DUPONT E I DE NEMOURS & CO | dd-9302018xex321.htm |
| EX-31.2 - EX-31.2 - DUPONT E I DE NEMOURS & CO | dd-9302018xex312.htm |
| EX-31.1 - EX-31.1 - DUPONT E I DE NEMOURS & CO | dd-9302018xex311.htm |
| 10-Q - 10-Q - DUPONT E I DE NEMOURS & CO | dd-930201810xq.htm |
Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Successor | Predecessor | ||||||||
Nine Months Ended September 30, 2018 | For the Period September 1 - September 1, 2017 | For the Period January 1 - August 31, 2017 | |||||||
(Loss) income from continuing operations before income taxes | $ | (4,482 | ) | $ | (298 | ) | $ | 1,791 | |
Adjustment for companies accounted for by the equity method | 115 | 7 | (42 | ) | |||||
Less: Capitalized interest | (14 | ) | (2 | ) | (18 | ) | |||
Add: Amortization of capitalized interest | 1 | — | 18 | ||||||
(4,380 | ) | (293 | ) | 1,749 | |||||
Fixed charges: | |||||||||
Interest and debt expense | 248 | 27 | 254 | ||||||
Capitalized interest | 14 | 2 | 18 | ||||||
Rental expense representative of interest factor | 71 | 6 | 47 | ||||||
333 | 35 | 319 | |||||||
Total adjusted earnings available for payment of fixed charges | $ | (4,047 | ) | $ | (258 | ) | $ | 2,068 | |
Number of times fixed charges earned | N/A1 | N/A1 | 6.5 | ||||||
1 The ratio coverage for the nine months ended September 30, 2018 and the period September 1 to September 30, 2017 is less than 1:1. DuPont would need to generate additional earnings of approximately $4,380 million and $293 million to achieve coverage of 1:1 for the nine months ended September 30, 2018 and the period September 1 to September 30, 2017, respectively.