Exhibit 12.1
United States Steel Corporation
Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
(Unaudited)
| Year Ended December 31, | |||||||||||||||||
| (Dollars in Millions) |
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||
| Portion of rentals representing interest |
$ | 26 | $ | 33 | $ | 32 | $ | 44 | $ | 45 | |||||||
| Capitalized interest |
15 | 14 | 7 | 3 | 12 | ||||||||||||
| Other interest and fixed charges |
170 | 179 | 135 | 123 | 87 | ||||||||||||
| Pretax earnings which would be required to cover preferred stock dividend requirements |
— | — | — | 10 | 25 | ||||||||||||
| Combined fixed charges and preferred stock dividends (A) |
$ | 211 | $ | 226 | $ | 174 | $ | 180 | $ | 169 | |||||||
| Earnings-pretax income with applicable adjustments (B) |
$ | (1,592 | ) | $ | 3,203 | $ | 1,305 | $ | 1,884 | $ | 1,467 | ||||||
| Ratio of (B) to (A) |
(a | ) | 14.17 | 7.50 | 10.47 | 8.68 | |||||||||||
| (a) | Earnings did not cover fixed charges by $1,803 million. |