Exhibit 12.2
UNITED STATES STEEL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| Three Months March 31, |
Year Ended December 31, | ||||||||||||||||||||||
| (Dollars in Millions) | 2005 | 2004 | 2004 | 2003 | 2002 | 2001 | 2000 | ||||||||||||||||
| Portion of rentals representing interest |
$ | 13 | $ | 14 | $ | 51 | $ | 46 | $ | 34 | $ | 45 | $ | 48 | |||||||||
| Capitalized interest |
3 | 2 | 8 | 8 | 6 | 1 | 3 | ||||||||||||||||
| Other interest and fixed charges |
2 | 51 | 131 | 156 | 136 | 153 | 115 | ||||||||||||||||
| Total fixed charges (A) |
18 | 67 | 190 | 210 | 176 | 199 | 166 | ||||||||||||||||
| Earnings-pretax income with applicable adjustments (B) |
647 | 163 | 1,638 | (604 | ) | 183 | (387 | ) | 187 | ||||||||||||||
| Ratio of (B) to (A) |
35.94 | 2.43 | 8.62 | (a | ) | 1.04 | (b | ) | 1.13 | ||||||||||||||
| (a) | Earnings did not cover fixed charges and preferred stock dividends by $814 million. |
| (b) | Earnings did not cover fixed charges and preferred stock dividends by $586 million. |