EX-12.01 3 emn20180331ex1201.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

|  | Three Months Ended March 31,
(Dollars in millions) |  | 2018 |  | 2017
Earnings before income taxes excluding noncontrolling interest | $ | 350 |  | $ | 340 |
Add: |  |  |  |
Interest expense |  | 60 |  |  | 61 |
Appropriate portion of rental expense (1) |  | 8 |  |  | 7 |
Amortization of capitalized interest |  | 1 |  |  | 1 |
Earnings as adjusted | $ | 419 |  | $ | 409 |
Fixed charges: |  |  |  |
Interest expense | $ | 60 |  | $ | 61 |
Appropriate portion of rental expense (1) |  | 8 |  |  | 7 |
Capitalized interest |  | 1 |  |  | 2 |
Total fixed charges | $ | 69 |  | $ | 70 |
Ratio of earnings to fixed charges |  | 6.1x |  |  | 5.8x |

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