Exhibit 12.2
UNITED STATES STEEL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| Six Months Ended June 30, |
Year Ended December 31, | |||||||||||||||||||||||
| (Dollars in Millions) | 2004 | 2003 | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||||||||
| Portion of rentals representing interest |
$ | 27 | $ | 17 | $ | 46 | $ | 34 | $ | 45 | $ | 48 | $ | 46 | ||||||||||
| Capitalized interest |
4 | 4 | 8 | 6 | 1 | 3 | 7 | |||||||||||||||||
| Other interest and fixed charges |
91 | 81 | 156 | 136 | 153 | 115 | 74 | |||||||||||||||||
| Total fixed charges (A) |
$ | 122 | $ | 102 | $ | 210 | $ | 176 | $ | 199 | $ | 166 | $ | 127 | ||||||||||
| Earnings-pretax income (loss) with applicable adjustments (B) |
$ | 519 | $ | 42 | $ | (604 | ) | $ | 183 | $ | (387 | ) | $ | 187 | $ | 295 | ||||||||
| Ratio of (B) to (A) |
4.25 | (a | ) | (b | ) | 1.04 | (c | ) | 1.13 | 2.33 | ||||||||||||||
| (a) | Earnings did not cover fixed charges by $60 million. |
| (b) | Earnings did not cover fixed charges by $814 million. |
| (c) | Earnings did not cover fixed charges by $586 million. |