EX-12 2 exhibit12.htm EXHIBIT (12) exhibit12.htm
 
 


Exhibit (12)
          
Eastman Kodak Company
Computation of Ratio of Earnings to Fixed Charges
(in millions, except for ratio)

   
Six Months
  
   
Ended
  
   
June 30, 2010
  
       
Earnings from continuing operations before income taxes
   $ 104  
         
Adjustments:
        
    Interest expense
     79  
    Interest component of rental expense  (1)
     18  
    Amortization of capitalized interest
    1  
    Earnings from continuing operations as adjusted
   $ 202  
         
Fixed charges:
       
    Interest expense
   $ 79  
    Interest component of rental expense  (1)
     18  
    Capitalized interest
     -  
    Total fixed charges
  $ 97  
         
Ratio of earnings to fixed charges
    2.08  
         



(1) 
Interest component of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.