Attached files
| file | filename |
|---|---|
| 10-Q - THIRD QUARTER 2016 EASTMAN CHEMICAL COMPANY 10-Q - EASTMAN CHEMICAL CO | emn2016093010q.htm |
| EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20160930-ex3202.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20160930-ex3201.htm |
| EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20160930-ex3102.htm |
| EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20160930-ex3101.htm |
| EX-10.04 - AMENDED AND RESTATED EASTMAN DIRECTORS DEFERRED COMPENSATION PLAN - EASTMAN CHEMICAL CO | emn20160930-ex1004.htm |
| EX-10.03 - EASTMAN CHEMICAL COMPANY 2016 DIRECTOR STOCK COMPENSATION SUBPLAN - EASTMAN CHEMICAL CO | emn20160930-ex1003.htm |
| EX-10.02 - AMENDMENT NO. 2 TO THE CREDIT AGREEMENT - EASTMAN CHEMICAL CO | emn2016-09x30xex1002.htm |
| EX-10.01 - AMENDMENT NO. 12 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT - EASTMAN CHEMICAL CO | emn20160930-ex1001.htm |
Exhibit 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||
(Dollars in millions) | 2016 | 2015 | 2016 | 2015 | ||||||||
Earnings before income taxes excluding noncontrolling interest | $ | 288 | $ | 351 | $ | 933 | $ | 1,007 | ||||
Add: | ||||||||||||
Interest expense | 71 | 70 | 212 | 210 | ||||||||
Appropriate portion of rental expense (1) | 8 | 7 | 23 | 20 | ||||||||
Amortization of capitalized interest | 1 | 1 | 4 | 4 | ||||||||
Earnings as adjusted | $ | 368 | $ | 429 | $ | 1,172 | $ | 1,241 | ||||
Fixed charges: | ||||||||||||
Interest expense | $ | 71 | $ | 70 | $ | 212 | $ | 210 | ||||
Appropriate portion of rental expense (1) | 8 | 7 | 23 | 20 | ||||||||
Capitalized interest | 1 | 1 | 5 | 5 | ||||||||
Total fixed charges | $ | 80 | $ | 78 | $ | 240 | $ | 235 | ||||
Ratio of earnings to fixed charges | 4.6x | 5.5x | 4.9x | 5.3x | ||||||||
(1) | For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. |