Exhibit 12.4
UNITED STATES STEEL CORPORATION
COMPUTATION OF PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| Nine Months Ended September 30, |
Year Ended Dec. 31, |
|||||||||||
| (Dollars in Millions) | 2004 | 2003 | 2003 | |||||||||
| Total fixed charges as reported |
$ | 146 | $ | 149 | $ | 210 | ||||||
| Pro forma adjustment for debt refinancing |
(9 | ) | (18 | ) | (25 | ) | ||||||
| Pro forma total fixed charges (A) |
$ | 137 | $ | 131 | $ | 185 | ||||||
| Earnings-pretax income (loss) with applicable adjustments as reported |
$ | 1,028 | $ | (618 | ) | $ | (604 | ) | ||||
| Pro forma adjustment for debt refinancing |
9 | 18 | 25 | |||||||||
| Pro forma earnings-pretax income (loss) with applicable adjustments (B) |
$ | 1,037 | $ | (600 | ) | $ | (579 | ) | ||||
| Ratio of (B) to (A) |
7.57 | (a | ) | (b | ) | |||||||
| (a) | Pro forma earnings did not cover pro forma fixed charges by $731 million. |
| (b) | Pro forma earnings did not cover pro forma fixed charges by $764 million. |