Exhibit (12)

Eastman Kodak Company

Computation of Ratio of Earnings to Fixed Charges

(in millions, except for ratio)

	Three Months
	Ended
	March 31, 2011
Loss from continuing operations before income taxes	$	(273	)
Adjustments:
Interest expense		38
Interest component of rental expense  (1)		8
Amortization of capitalized interest		-
Loss from continuing operations as adjusted	$	(227	)
Fixed charges:
Interest expense	$	38
Interest component of rental expense  (1)		8
Capitalized interest		-
Total fixed charges	$	46
Ratio of earnings to fixed charges		*

(1)  Interest component of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.

*  Earnings for the three months ended March 31, 2011 were inadequate to cover fixed charges.  The coverage deficiency was $273 million.