EX-12.01 3 emn20160331-ex1201.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Exhibit 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges

|  | First Quarter
(Dollars in millions) |  | 2016 |  | 2015
Earnings before income taxes excluding noncontrolling interest | $ | 323 |  | $ | 255 |
Add: |  |  |  |
Interest expense |  | 70 |  |  | 70 |
Appropriate portion of rental expense (1) |  | 8 |  |  | 7 |
Amortization of capitalized interest |  | 1 |  |  | 1 |
Earnings as adjusted | $ | 402 |  | $ | 333 |
Fixed charges: |  |  |  |
Interest expense | $ | 70 |  | $ | 70 |
Appropriate portion of rental expense (1) |  | 8 |  |  | 7 |
Capitalized interest |  | 2 |  |  | 2 |
Total fixed charges | $ | 80 |  | $ | 79 |
Ratio of earnings to fixed charges |  | 5.0x |  |  | 4.2x |

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

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