Attached files
| file | filename |
|---|---|
| EX-10.01 - EXHIBIT 10.01 - EASTMAN CHEMICAL CO | emn20150630-ex1001.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20150630-ex3201.htm |
| EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20150630-ex3102.htm |
| EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20150630-ex3101.htm |
| EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20150630-ex3202.htm |
| 10-Q - SECOND QUARTER 2015 EASTMAN CHEMICAL COMPANY 10-Q - EASTMAN CHEMICAL CO | emn2015063010q.htm |
Exhibit 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
Second Quarter | First Six Months | |||||||||||
(Dollars in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||
Earnings from continuing operations before income taxes excluding noncontrolling interest | $ | 401 | $ | 397 | $ | 656 | $ | 718 | ||||
Add: | ||||||||||||
Interest expense | 70 | 48 | 140 | 93 | ||||||||
Appropriate portion of rental expense (1) | 6 | 6 | 13 | 11 | ||||||||
Amortization of capitalized interest | 2 | 2 | 3 | 4 | ||||||||
Earnings as adjusted | $ | 479 | $ | 453 | $ | 812 | $ | 826 | ||||
Fixed charges: | ||||||||||||
Interest expense | $ | 70 | $ | 48 | $ | 140 | $ | 93 | ||||
Appropriate portion of rental expense (1) | 6 | 6 | 13 | 11 | ||||||||
Capitalized interest | 2 | 2 | 4 | 4 | ||||||||
Total fixed charges | $ | 78 | $ | 56 | $ | 157 | $ | 108 | ||||
Ratio of earnings to fixed charges | 6.1x | 8.1x | 5.2x | 7.6x | ||||||||
(1) | For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. |
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