Exhibit 12.2
UNITED STATES STEEL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| Nine Months Ended September 30, |
Year Ended December 31, | ||||||||||||||||
| (Dollars in Millions) | 2004 | 2003 | 2003 | 2002 | 2001 | 2000 | 1999 | ||||||||||
| Portion of rentals representing interest |
$37 | $27 | $46 | $34 | $45 | $48 | $46 | ||||||||||
| Capitalized interest |
6 | 6 | 8 | 6 | 1 | 3 | 7 | ||||||||||
| Other interest and fixed charges |
103 | 116 | 156 | 136 | 153 | 115 | 74 | ||||||||||
| Total fixed charges (A) |
$146 | $149 | $210 | $176 | $199 | $166 | $127 | ||||||||||
| Earnings-pretax income (loss) with applicable adjustments (B) |
$1,028 | $(618 | ) | $(604 | ) | $183 | $(387 | ) | $187 | $295 | |||||||
| Ratio of (B) to (A) |
7.04 | (a | ) | (b | ) | 1.04 | (c | ) | 1.13 | 2.33 | |||||||
| (a) | Earnings did not cover fixed charges by $767 million. |
| (b) | Earnings did not cover fixed charges by $814 million. |
| (c) | Earnings did not cover fixed charges by $586 million. |