EX-12.01 3 ex12_01.htm STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS (LOSS) TO FIXED CHARGES Statement re: Computation of Ratios of Earnings (Loss) to Fixed Charges

 
 
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
 
 
 
First Quarter
(Dollars in millions)
  
2007
  
2006
         
Earnings before income taxes and cumulative effect of
       
changes in accounting principles
$
120
$
165
Add:
        
Interest expense
  
28
  
26
Appropriate portion of rental expense (1)
  
5
  
5
Amortization of capitalized interest
  
2
  
3
Earnings as adjusted
$
155
$
199
         
Fixed charges:
        
Interest expense
  
28
  
26
Appropriate portion of rental expense (1)
  
5
  
5
Capitalized interest
  
5
  
5
Total fixed charges
$
38
$
36
         
Ratio of earnings to fixed charges
  
4.1
  
5.5
         
(1)  
For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense.
 

 
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