Attached files
| file | filename |
|---|---|
| 10-Q - THIRD QUARTER 2018 EASTMAN CHEMICAL COMPANY 10-Q - EASTMAN CHEMICAL CO | emn2018093010q.htm |
| EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20180930ex3202.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20180930ex3201.htm |
| EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20180930ex3102.htm |
| EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20180930ex3101.htm |
| EX-10.01 - EXHIBIT 10.01 AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT - EASTMAN CHEMICAL CO | emn20180930ex1001.htm |
Exhibit 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
Three Months Ended | Nine Months Ended | |||||||||||
September 30, | September 30, | |||||||||||
(Dollars in millions) | 2018 | 2017 | 2018 | 2017 | ||||||||
Earnings before income taxes excluding noncontrolling interest | $ | 458 | $ | 402 | $ | 1,236 | $ | 1,099 | ||||
Add: | ||||||||||||
Interest expense | 58 | 62 | 181 | 184 | ||||||||
Appropriate portion of rental expense (1) | 7 | 7 | 23 | 22 | ||||||||
Amortization of capitalized interest | 2 | 1 | 4 | 3 | ||||||||
Earnings as adjusted | $ | 525 | $ | 472 | $ | 1,444 | $ | 1,308 | ||||
Fixed charges: | ||||||||||||
Interest expense | $ | 58 | $ | 62 | $ | 181 | $ | 184 | ||||
Appropriate portion of rental expense (1) | 7 | 7 | 23 | 22 | ||||||||
Capitalized interest | 1 | 1 | 3 | 5 | ||||||||
Total fixed charges | $ | 66 | $ | 70 | $ | 207 | $ | 211 | ||||
Ratio of earnings to fixed charges | 8.0x | 6.7x | 7.0x | 6.2x | ||||||||
(1) | For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. |