Exhibit 12.4

 

 

UNITED STATES STEEL CORPORATION

COMPUTATION OF PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

 

     Year Ended Dec. 31,  
 (Dollars in Millions)    2004     2003  

 Total fixed charges as reported

   $190     $210  

 Pro forma adjustment for debt refinancing

   (9 )   (25 )  

 

 Pro forma total fixed charges (A)

   $181     $185  

 

 Earnings-pretax income (loss) with applicable

    adjustments as reported

   $1,638     $(604 )

 Pro forma adjustment for debt refinancing

   9     25  

 

 Pro forma earnings-pretax income (loss)

    with applicable adjustments (B)

   $1,647     $(579 )

 

 Ratio of (B) to (A)

   9.10     (a)  
   (a) Pro forma earnings did not cover pro forma fixed charges by $764 million.