Exhibit 12.2
UNITED STATES STEEL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
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(Dollars in Millions)
Six Months
Ended Year Ended December 31
June 30 ---------------------------------------------------------
2003 2002 2002 2001 2000 1999 1998
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Portion of rentals
representing interest ......... $ 17 $ 21 $ 34 $ 45 $ 48 $ 46 $ 52
Capitalized interest ............. 4 - 6 1 3 7 6
Other interest and fixed
charges ....................... 81 68 136 153 115 74 47
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Total fixed charges (A) .......... $ 102 $ 89 $ 176 $ 199 $ 166 $ 127 $ 105
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Earnings-pretax income
with applicable
adjustments (B) ............... $ 42 $ 23 $ 183 $(387) $ 187 $ 295 $ 618
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Ratio of (B) to (A) .............. (a) (b) 1.04 (c) 1.13 2.33 5.89
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(a) Earnings did not cover fixed charges by $60 million.
(b) Earnings did not cover fixed charges by $66 million.
(c) Earnings did not cover fixed charges by $586 million.