Exhibit 12.2
UNITED STATES STEEL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| Year Ended December 31, | ||||||||||||
| (Dollars in Millions) | 2004 | 2003 | 2002 | 2001 | 2000 | |||||||
| Portion of rentals representing interest |
$51 | $46 | $34 | $45 | $48 | |||||||
| Capitalized interest |
8 | 8 | 6 | 1 | 3 | |||||||
| Other interest and fixed charges |
131 | 156 | 136 | 153 | 115 | |||||||
|
Total fixed charges (A) |
$190 | $210 | $176 | $199 | $166 | |||||||
|
Earnings-pretax income (loss) with applicable adjustments (B) |
$1,638 | $(604 | ) | $183 | $(387 | ) | $187 | |||||
|
Ratio of (B) to (A) |
8.62 | (a) | 1.04 | (b) | 1.13 | |||||||
| (a) | Earnings did not cover fixed charges by $814 million. |
| (b) | Earnings did not cover fixed charges by $586 million. |