EASTMAN CHEMICAL CO - FORM 10-K - EX-12.01 - STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - February 27, 2017

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10-K - 2016 EASTMAN CHEMICAL COMPANY 10-K - EASTMAN CHEMICAL COemn2016123110k.htm
EX-99.02 - PRODUCT AND RAW MATERIAL INFORMATION - EASTMAN CHEMICAL COemn20161231-ex9902.htm
EX-99.01 - 2016 COMPANY AND SEGMENT REVENUE BY END-USE MARKET - EASTMAN CHEMICAL COemn20161231ex9901.htm
EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL COemn20161231-ex3202.htm
EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL COemn20161231-ex3201.htm
EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL COemn20161231-ex3102.htm
EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL COemn20161233-ex3101.htm
EX-23.01 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - EASTMAN CHEMICAL COemn20161231-ex2301.htm
EX-21.01 - SUBSIDIARIES OF THE COMPANY - EASTMAN CHEMICAL COemn20161231-ex2101.htm
EX-10.38 - AMENDED AND RESTATED NON-RECOURSE A/R PURCHASE AGREEMENT DATED 4/14 - EASTMAN CHEMICAL COemn201612-31ex1038.htm
EX-10.37 - AMENDED AND RESTATED NON-RECOURSE A/R PURCHASE AGREEMENT DATED 10/12 - EASTMAN CHEMICAL COemn201612-31ex1037.htm
EX-10.36 - AMENDED AND RESTATED NON-RECOURSE A/R PURCHASE AGREEMENT DATED 12/12 - EASTMAN CHEMICAL COemn201612-31ex1036.htm
EX-10.23 - PERFORMANCE SHARE AWARD SUBPLAN OF THE 2012 OMNIBUS STOCK COMPENSATION PLAN - EASTMAN CHEMICAL COemn201612-31ex1023.htm


Exhibit 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
 
 
Year Ended December 31,
(Dollars in millions)
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings before income taxes excluding noncontrolling interest
$
1,044

$
1,123

$
984

$
1,672

$
642

Add:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
281

 
279

 
203

 
186

 
148

Appropriate portion of rental expense (1)
 
30

 
26

 
23

 
20

 
23

Amortization of capitalized interest
 
5

 
6

 
6

 
6

 
7

Earnings as adjusted
$
1,360

$
1,434

$
1,216

$
1,884

$
820

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
$
281

$
279

$
203

$
186

$
148

Appropriate portion of rental expense (1)
 
30

 
26

 
23

 
20

 
23

Capitalized interest
 
7

 
7

 
7

 
4

 
4

Total fixed charges
$
318

$
312

$
233

$
210

$
175

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
4.3x

 
4.6x

 
5.2x

 
9.0x

 
4.7x


(1) 
For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. The appropriate portion of rental expense disclosed above for the years ended December 31, 2015, 2014, 2013, and 2012 has been revised to correct the amounts previously disclosed of $30 million, $27 million, $24 million, and $26 million, respectively, included in Exhibit 12.01 to the Company's 2015 Annual Report on Form 10-K.



 
 
 
 
 
 
 
 
 
 
 




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