Exhibit 12.2 UNITED STATES STEEL CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) ---------------------------------------------------------- (Dollars in Millions)
Six Months Ended Year Ended December 31 June 30 --------------------------------------------------------- 2003 2002 2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- ---- ---- Portion of rentals representing interest ......... $ 17 $ 21 $ 34 $ 45 $ 48 $ 46 $ 52 Capitalized interest ............. 4 - 6 1 3 7 6 Other interest and fixed charges ....................... 81 68 136 153 115 74 47 ----- ----- ----- ----- ----- ----- ----- Total fixed charges (A) .......... $ 102 $ 89 $ 176 $ 199 $ 166 $ 127 $ 105 ===== ===== ===== ===== ===== ===== ===== Earnings-pretax income with applicable adjustments (B) ............... $ 42 $ 23 $ 183 $(387) $ 187 $ 295 $ 618 ===== ===== ===== ===== ===== ===== ===== Ratio of (B) to (A) .............. (a) (b) 1.04 (c) 1.13 2.33 5.89 ===== ===== ===== ===== ===== ===== =====
(a) Earnings did not cover fixed charges by $60 million. (b) Earnings did not cover fixed charges by $66 million. (c) Earnings did not cover fixed charges by $586 million.