Exhibit (12)

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

Year Ended December 31

	2005			2004			2003			2002			2001
(Loss) earnings from continuing operations before provision for income taxes	$	(766	)	$	(94	)	$	104		$	894		$	83
Adjustments:
Minority interest in income/(loss) of subsidiaries with fixed charges		4			2			24			17			(11	)
Undistributed (earnings)/ loss of equity method investees		(12	)		(30	)		41			107			77
Interest expense		211			168			147			173			218
Interest component of rental expense (1)		50			54			53			53			42
Amortization of capitalized interest		22			25			27			28			28
Earnings as adjusted	$	(491	)	$	125		$	396		$	1,272		$	437
Fixed charges:
Interest expense		211			168			147			173			218
Interest component of rental expense (1)		50			54			53			53			42
Capitalized interest		3			2			2			3			12
Total fixed charges	$	264		$	224		$	202		$	229		$	272
Ratio of earnings to fixed charges		*			**			2.0	x		5.6	x		1.6	x

(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.
*	Earnings for the year ended December 31, 2005 were inadequate to cover fixed charges.  The coverage deficiency was $755 million.
**	Earnings for the year ended December 31, 2004 were inadequate to cover fixed charges.  The coverage deficiency was $99 million.