Attached files
| file | filename |
|---|---|
| 10-Q - EASTMAN 2009 THIRD QUARTER 10-Q - EASTMAN CHEMICAL CO | emn2009q3_10q.htm |
| EX-10.01 - FORM OF PERFORMANCE SHARE AWARD TO EXECUTIVE OFFICERS - EASTMAN CHEMICAL CO | exhibit10_01.htm |
| EX-31.02 - RULE 13A - 14(A) CFO CERTIFICATION - EASTMAN CHEMICAL CO | exhibit31_02.htm |
| EX-31.01 - RULE 13A - 14(A) CEO CERTIFICATION - EASTMAN CHEMICAL CO | exhibit31_01.htm |
| EX-10.02 - FORM OF PERFORMANCE SHARE AWARD TO MARK J COSTA - EASTMAN CHEMICAL CO | exhibit10_02.htm |
| EX-32.02 - SECTION 1350 CFO CERTIFICATION - EASTMAN CHEMICAL CO | exhibit32_02.htm |
| EX-32.01 - SECTION 1350 CEO CERTIFICATION - EASTMAN CHEMICAL CO | exhibit32_01.htm |
Computation
of Ratios of Earnings to Fixed Charges
|
Third
Quarter
|
First
Nine Months
|
||||||||
|
(Dollars
in millions)
|
2009
|
2008
|
2009
|
2008
|
|||||
|
Earnings
from continuing operations before income taxes (1)
|
$
|
170
|
$
|
148
|
$
|
278
|
$
|
454
|
|
|
Add:
|
|||||||||
|
Interest
expense
|
20
|
23
|
63
|
74
|
|||||
|
Appropriate
portion of rental expense (2)
|
4
|
5
|
11
|
14
|
|||||
|
Amortization
of capitalized interest
|
2
|
1
|
6
|
5
|
|||||
|
Earnings
as adjusted
|
$
|
196
|
$
|
177
|
$
|
358
|
$
|
547
|
|
|
Fixed
charges:
|
|||||||||
|
Interest
expense
|
$
|
20
|
$
|
23
|
$
|
63
|
$
|
74
|
|
|
Appropriate
portion of rental expense (2)
|
4
|
5
|
11
|
14
|
|||||
|
Capitalized
interest
|
--
|
1
|
14
|
10
|
|||||
|
Total
fixed charges
|
$
|
24
|
$
|
29
|
$
|
88
|
$
|
98
|
|
|
Ratio
of earnings to fixed charges
|
8.2x
|
6.1x
|
4.1x
|
5.6x
|
|||||
|
(1)
|
Because
the Company has exited the PET business in the European region, results
related to sales of PET products manufactured at the Spain, the
Netherlands, and United Kingdom sites are presented as discontinued
operations for 2008. For additional information, see Note 2,
"Discontinued Operations", to the Company's unaudited consolidated
financial statements in Part I, Item 1 of this quarterly report on Form
10-Q.
|
|
(2)
|
For
all periods presented, the interest component of rental expense is
estimated to equal one-third of such
expense.
|
77