Exhibit 12.1
United
States Steel Corporation, LLC
Computation
of Ratio of Earnings to Combined Fixed Charges
And Preferred Stock Dividends
Unaudited
(Dollars in Millions)
|
|
Year Ended December 31 |
|
|||||||||||||
|
|
2002 |
|
2001 |
|
2000 |
|
1999 |
|
1998 |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Portion of rentals representing interest |
|
$ |
34 |
|
$ |
45 |
|
$ |
48 |
|
$ |
46 |
|
$ |
52 |
|
Capitalized interest |
|
6 |
|
1 |
|
3 |
|
6 |
|
6 |
|
|||||
Other interest and fixed charges |
|
136 |
|
153 |
|
115 |
|
75 |
|
47 |
|
|||||
Pretax earnings which would be required to cover preferred stock dividend requirements of parent |
|
|
|
12 |
|
12 |
|
14 |
|
15 |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Combined fixed charges and preferred Stock dividends (A) |
|
$ |
176 |
|
$ |
211 |
|
$ |
178 |
|
$ |
141 |
|
$ |
120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Earnings-pretax income with applicable adjustments (B) |
|
$ |
183 |
|
$ |
(387 |
) |
$ |
187 |
|
$ |
295 |
|
$ |
618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Ratio of (B) to (A) |
|
1.04 |
|
*** |
(a) |
1.05 |
|
2.10 |
|
5.15 |
|
(a) Earnings did not cover fixed charges and preferred stock dividends by $598 million in 2001