EX-12.01 3 emnexhibit120113q1.htm STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES EMN Exhibit 12.01 13Q1


    
EXHIBIT 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
 
First Quarter
(Dollars in millions)
 
2013
 
2012
 
 
 
 
 
Earnings from continuing operations before income taxes
$
344

$
244

Add:
 
 
 
 
Interest expense
 
48

 
21

Appropriate portion of rental expense (1)
 
6

 
4

    Amortization of capitalized interest
 
2

 
2

Earnings as adjusted
$
400

$
271

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest expense
$
48

$
21

Appropriate portion of rental expense (1)
 
6

 
4

   Capitalized interest
 
1

 
1

Total fixed charges
$
55

$
26

 
 
 
 
 
Ratio of earnings to fixed charges
 
7.3x

 
10.4x

 
 
 
 
 
(1) 
For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense.


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