Attached files
| file | filename |
|---|---|
| EX-10.01 - EXHIBIT 10.01 - EASTMAN CHEMICAL CO | emn20150930-ex1001.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20150930-ex3201.htm |
| EX-10.02 - EXHIBIT 10.02 - EASTMAN CHEMICAL CO | emn20150930-ex1002.htm |
| EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20150930-ex3202.htm |
| EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20150930-ex3102.htm |
| EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20150930-ex3101.htm |
| 10-Q - THIRD QUARTER 2015 EASTMAN CHEMICAL COMPANY 10-Q - EASTMAN CHEMICAL CO | emn2015093010q.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) | 2015 | 2014 | 2015 | 2014 | ||||||||
Earnings from continuing operations before income taxes excluding noncontrolling interest | $ | 351 | $ | 296 | $ | 1,007 | $ | 1,014 | ||||
Add: | ||||||||||||
Interest expense | 70 | 50 | 210 | 143 | ||||||||
Appropriate portion of rental expense (1) | 7 | 5 | 20 | 16 | ||||||||
Amortization of capitalized interest | 1 | 1 | 4 | 5 | ||||||||
Earnings as adjusted | $ | 429 | $ | 352 | $ | 1,241 | $ | 1,178 | ||||
Fixed charges: | ||||||||||||
Interest expense | $ | 70 | $ | 50 | $ | 210 | $ | 143 | ||||
Appropriate portion of rental expense (1) | 7 | 5 | 20 | 16 | ||||||||
Capitalized interest | 1 | 1 | 5 | 5 | ||||||||
Total fixed charges | $ | 78 | $ | 56 | $ | 235 | $ | 164 | ||||
Ratio of earnings to fixed charges | 5.5x | 6.3x | 5.3x | 7.2x | ||||||||
(1) | For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. |
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