EX-12.01 3 emn20180331ex1201.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
 
 
Three Months Ended March 31,
(Dollars in millions)
 
2018
 
2017
Earnings before income taxes excluding noncontrolling interest
$
350

$
340

Add:
 
 
 
 
Interest expense
 
60

 
61

Appropriate portion of rental expense (1)
 
8

 
7

Amortization of capitalized interest
 
1

 
1

Earnings as adjusted
$
419

$
409

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest expense
$
60

$
61

Appropriate portion of rental expense (1)
 
8

 
7

Capitalized interest
 
1

 
2

Total fixed charges
$
69

$
70

 
 
 
 
 
Ratio of earnings to fixed charges
 
6.1x

 
5.8x


(1) 
For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense.