EX-12 4 exhibit12.htm EXHIBIT (12) exhibit12.htm


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

   
Nine Months
  
   
Ended
  
   
September 30, 2010
  
       
Earnings from continuing operations before income taxes
   $ 132  
         
Adjustments:
        
    Interest expense
     117  
    Interest component of rental expense  (1)
     27  
    Amortization of capitalized interest
    2  
    Earnings from continuing operations as adjusted
   $ 278  
         
Fixed charges:
       
    Interest expense
   $ 117  
    Interest component of rental expense  (1)
     27  
    Capitalized interest
     1  
    Total fixed charges
  $ 145  
         
Ratio of earnings to fixed charges
    1.92  
         



(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.