Exhibit (12)

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

	Six Months Ended June 30, 2006
Loss from continuing operations before income taxes	$	(526	)
Adjustments:
Minority interest in loss of subsidiaries with fixed charges		3
Undistributed income of equity method investees		(7	)
Interest expense		128
Interest component of rental expense (1)		25
Amortization of capitalized interest		23
Earnings as adjusted	$	(354	)
Fixed charges:
Interest expense		128
Interest component of rental expense (1)		25
Capitalized interest		1
Total fixed charges	$	154
Ratio of earnings to fixed charges			*

(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 six months ended June 30, 2006 were inadequate to cover fixed charges.  The coverage deficiency was $508 million.