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.