Exhibit 12.2

 

United States Steel Corporation, LLC
Computation of Ratio of Earnings to Fixed Charges
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

 

7

 

6

 

Other interest and fixed charges

 

136

 

153

 

115

 

74

 

47

 

Total fixed charges (A)

 

$

176

 

$

199

 

$

166

 

$

127

 

$

105

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings - pretax income with applicable adjustments (B)

 

$

183

 

$

(387

)

$

187

 

$

295

 

$

618

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of (B) to (A)

 

1.04

 

***

(a)

1.13

 

2.33

 

5.89

 

 

(a)          Earnings did not cover fixed charges by $586 million in 2001