EASTMAN CHEMICAL CO - FORM 10-K - EX-12.01 - STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS (LOSS) TO FIXED CHARGES - February 24, 2010

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EX-23.01 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - EASTMAN CHEMICAL COex-23_01.htm
EX-10.15 - AMENDMENT DATED DECEMBER 31, 2009, TO EMPLOYMENT AGREEMENT BETWEEN EASTMAN CHEMICAL COMPANY AND MARK J. COSTA DATED MAY 4, 2006 - EASTMAN CHEMICAL COex-10_15.htm
EX-31.02 - RULE 13A -14(A) CERTIFICATION BY CURTIS E. ESPELAND, SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, FOR THE YEAR ENDED DECEMBER 31, 2009 - EASTMAN CHEMICAL COex-31_02.htm
EX-21.01 - SUBSIDIARIES OF THE COMPANY - EASTMAN CHEMICAL COex-21_01.htm
EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND, SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, FOR THE YEAR ENDED DECEMBER 31, 2009 - EASTMAN CHEMICAL COex-32_02.htm
EX-32.01 - SECTION 1350 CERTIFICATION BY JAMES P. ROGERS, PRESIDENT AND CHIEF EXECUTIVE OFFICER, FOR THE YEAR ENDED DECEMBER 31, 2009 - EASTMAN CHEMICAL COex-32_01.htm
EX-10.11 - EASTMAN UNIT PERFORMANCE PLAN AS AMENDED AND RESTATED DECEMBER 31, 2007 - EASTMAN CHEMICAL COex-10_11.htm
EX-10.31 - FORM OF RESTRICTED STOCK UNIT AWARD TO CURT E, ESPELAND - EASTMAN CHEMICAL COex-10_31.htm
EX-99.01 - PRESENTATION OF REVISED SEGMENT FINANCIAL INFORMATION - EASTMAN CHEMICAL COex-99_01.htm
EX-31.01 - RULE 13A -14(A) CERTIFICATION BY JAMES P. ROGERS, PRESIDENT AND CHIEF EXECUTIVE OFFICER, FOR THE YEAR ENDED DECEMBER 31, 2009 - EASTMAN CHEMICAL COex-31_01.htm
10-K - EASTMAN CHEMICAL COMPANY 2009 ANNUAL REPORT ON FORM 10-K - EASTMAN CHEMICAL COemn200910-k.htm

EXHIBIT 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges


(Dollars in millions)
  
2009
    
2008
    
2007
    
2006
    
2005
  
                               
Earnings from continuing operations before income taxes (1)
   $ 226     $ 429     $ 470     $ 594     $ 763  
Add:
                                        
Interest expense
     85       95       107       105       113  
Appropriate portion of rental expense (2)
     12       15       18       21       21  
Amortization of capitalized interest
     8       8       9       11       11  
Earnings (loss) as adjusted
   $ 331     $ 547     $ 604     $ 731     $ 908  
                                         
Fixed charges:
                                        
Interest expense
   $ 85     $ 95     $ 107     $ 105     $ 113  
Appropriate portion of rental expense (2)
     12       15       18       21       21  
Capitalized interest
     14       12       10       7       5  
Total fixed charges
   $ 111     $ 122     $ 135     $ 133     $ 139  
                                         
Ratio of earnings to fixed charges
     3.0 x     4.5 x     4.5 x     5.5 x     6.5 x
                                         
                                         
(1)  
Because the Company exited the PET business in the European region, results related to sales of PET products manufactured at the Spain, the Netherlands, and United Kingdom sites for years 2008, 2007, 2006 and 2005 are presented as discontinued operations.  For additional information, see Note 17, "Discontinued Operations", to the Company's consolidated financial statements in Part II, Item 8 of this 2009 Annual Report on Form 10-K.
 
(2)  
For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense.
 
 

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