Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - EASTMAN CHEMICAL CO | Financial_Report.xls |
| EX-31.02 - EX-31.02 - EASTMAN CHEMICAL CO | emn-09302014xex3102.htm |
| EX-32.02 - EX-32.02 - EASTMAN CHEMICAL CO | emn-09302014xex3202.htm |
| EX-31.01 - CEO CERTIFICATION - EASTMAN CHEMICAL CO | emn-09302014xex3101.htm |
| EX-10.01 - EX-10.01 - EASTMAN CHEMICAL CO | emn09302014-ex1001.htm |
| EX-32.01 - EX-32.01 - EASTMAN CHEMICAL CO | emn-09302014xex3201.htm |
| 10-Q - 10-Q - EASTMAN CHEMICAL CO | emn2014093010q.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) | 2014 | 2013 | 2014 | 2013 | ||||||||
Earnings from continuing operations before income taxes | $ | 296 | $ | 433 | $ | 1,014 | $ | 1,157 | ||||
Add: | ||||||||||||
Interest expense | 50 | 46 | 143 | 141 | ||||||||
Appropriate portion of rental expense (1) | 5 | 6 | 16 | 19 | ||||||||
Amortization of capitalized interest | 1 | 2 | 5 | 5 | ||||||||
Earnings as adjusted | $ | 352 | $ | 487 | $ | 1,178 | $ | 1,322 | ||||
Fixed charges: | ||||||||||||
Interest expense | $ | 50 | $ | 46 | $ | 143 | $ | 141 | ||||
Appropriate portion of rental expense (1) | 5 | 6 | 16 | 19 | ||||||||
Capitalized interest | 1 | 1 | 5 | 3 | ||||||||
Total fixed charges | $ | 56 | $ | 53 | $ | 164 | $ | 163 | ||||
Ratio of earnings to fixed charges | 6.3x | 9.2x | 7.2x | 8.1x | ||||||||
(1) | For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. |
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