Exhibit 12.4
UNITED STATES STEEL CORPORATION
COMPUTATION OF PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| Six Months Ended June 30, |
Year Ended Dec. 31, |
|||||||||||
| (Dollars in Millions) | 2004 | 2003 | 2003 | |||||||||
| Total fixed charges as reported |
$ | 122 | $ | 102 | $ | 210 | ||||||
| Pro forma adjustment for debt refinancing |
(9 | ) | (11 | ) | (25 | ) | ||||||
| Pro forma total fixed charges (A) |
$ | 113 | $ | 91 | $ | 185 | ||||||
| Earnings-pretax income (loss) with applicable adjustments as |
$ | 519 | $ | 42 | $ | (604 | ) | |||||
| Pro forma adjustment for debt refinancing |
9 | 11 | 25 | |||||||||
| Pro forma earnings-pretax income (loss) with applicable |
$ | 528 | $ | 53 | $ | (579 | ) | |||||
| Ratio of (B) to (A) |
4.67 | (a | ) | (b | ) | |||||||
| (a) | Pro forma earnings did not cover pro forma fixed charges by $38 million. |
| (b) | Pro forma earnings did not cover pro forma fixed charges by $764 million. |