EX-12.01 8 exhibit12_01.htm STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exhibit12_01.htm

EXHIBIT 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
 
Computation of Ratios of Earnings to Fixed Charges
 
   
 
Third Quarter
First Nine Months
(Dollars in millions)
  
2010
  
2009
  
2010
  
2009
                 
Earnings before income taxes
$
258
$
170
$
633
$
278
Add:
                
Interest expense
  
26
  
20
  
79
  
63
Appropriate portion of rental expense (1)
  
3
  
4
  
9
  
11
Amortization of capitalized interest
  
2
  
2
  
6
  
6
Earnings as adjusted
$
289
$
196
$
727
$
358
                 
Fixed charges:
                
Interest expense
$
26
$
20
$
79
$
63
Appropriate portion of rental expense (1)
  
3
  
4
  
9
  
11
Capitalized interest
  
--
  
--
  
2
  
14
Total fixed charges
$
29
$
  24
$
90
$
88
                 
Ratio of earnings to fixed charges
  
10.0x
  
8.2x
  
8.1x
  
4.1x
                 
(1)  
For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense.
 

 

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