EXHIBIT 12.1 UNITED STATES STEEL CORPORATION, LLC COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES TOTAL ENTERPRISE BASIS--UNAUDITED CONTINUING OPERATIONS (DOLLARS IN MILLIONS)
Year Ended December 31 ---------------------------------------------------------- 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- Portion of rentals representing interest .. $ 45 $ 48 $ 46 $ 52 $ 47 Capitalized interest ...................... 1 3 7 6 7 Other interest and fixed charges .......... 153 115 74 47 91 ----- ----- ----- ----- ----- Total fixed charges (A) ................... $ 199 $ 166 $ 127 $ 105 $ 145 ===== ===== ===== ===== ===== Pretax income (loss) with applicable adjustments (1)(B) ........... $(387) $ 187 $ 295 $ 618 $ 781 ===== ===== ===== ===== ===== Ratio of (B) to (A) ....................... *** 1.13 2.33 5.89 5.39 ===== ===== ===== ===== =====
*** Earnings did not cover fixed charges by $586 million in 2001. - ------------------- (1) Applicable adjustments include fixed charges and income (loss) from equity investees.