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Previous: GEORGIA PACIFIC CORP, S-3, EX-5.(B), 2000-10-20 |
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<PAGE>
EXHIBIT 12(b)
GEORGIA-PACIFIC CORPORATION AND SUBSIDIARIES
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
(in millions)
Year to Date 2nd Qtr 1st Qtr
07/01/00 2000 2000
------------ ------- -------
Fixed charges:
Total interest expenses $ 295 $ 148 $ 147
One-third of rent expense 26 13 13
------ ----- -----
Total fixed charges 321 161 160
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Add (deduct):
Income before income taxes,
extraordinary item &
accounting change $ 756 379 377
Interest capitalized 3 1 2
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759 380 379
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Earnings for fixed charges $1,080 $ 541 $ 539
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Ratio of earnings to fixed charges 3.36 3.36 3.37
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