Exhibit 12.2
United States Steel Corporation
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS—Unaudited
Continuing Operations
(Dollars in Millions)
| Nine Months Ended September 30, |
Year Ended December 31, | ||||||||||||||||||||||
| (Dollars in Millions) | 2005 | 2004 | 2004 | 2003 | 2002 | 2001 | 2000 | ||||||||||||||||
| Portion of rentals representing interest |
$ | 36 | $ | 37 | $ | 51 | $ | 46 | $ | 34 | $ | 45 | $ | 48 | |||||||||
| Capitalized interest |
7 | 6 | 8 | 8 | 6 | 1 | 3 | ||||||||||||||||
| Other interest and fixed charges |
59 | 103 | 131 | 156 | 136 | 153 | 115 | ||||||||||||||||
| Total fixed charges (A) |
$ | 102 | $ | 146 | $ | 190 | $ | 210 | $ | 176 | $ | 199 | $ | 166 | |||||||||
| Earnings-pretax income (loss) with applicable adjustments (B) |
$ | 1,217 | $ | 1,028 | $ | 1,638 | $ | (604 | ) | $ | 183 | $ | (387 | ) | $ | 187 | |||||||
| Ratio of (B) to (A) |
11.93 | 7.04 | 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. |