Exhibit 12.2
United
States Steel Corporation, LLC
Computation
of Ratio of Earnings to Fixed Charges
Unaudited
(Dollars in Millions)
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Year Ended December 31 |
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2002 |
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2001 |
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2000 |
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1999 |
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1998 |
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Portion of rentals representing interest |
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$ |
34 |
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$ |
45 |
|
$ |
48 |
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$ |
46 |
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$ |
52 |
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Capitalized interest |
|
6 |
|
1 |
|
3 |
|
7 |
|
6 |
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Other interest and fixed charges |
|
136 |
|
153 |
|
115 |
|
74 |
|
47 |
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Total fixed charges (A) |
|
$ |
176 |
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$ |
199 |
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$ |
166 |
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$ |
127 |
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$ |
105 |
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Earnings - pretax income with applicable adjustments (B) |
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$ |
183 |
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$ |
(387 |
) |
$ |
187 |
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$ |
295 |
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$ |
618 |
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Ratio of (B) to (A) |
|
1.04 |
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*** |
(a) |
1.13 |
|
2.33 |
|
5.89 |
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(a) Earnings did not cover fixed charges by $586 million in 2001