Attached files
| file | filename |
|---|---|
| 10-Q/A - 10-Q/A - EASTMAN CHEMICAL CO | emn2013063010qa.htm |
| EX-10.01 - AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT - EASTMAN CHEMICAL CO | emn-06302013xex1001.htm |
EXHIBIT 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
Second Quarter | First Six Months | |||||||||||
(Dollars in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||
Earnings from continuing operations before income taxes | $ | 380 | $ | 268 | $ | 724 | $ | 512 | ||||
Add: | ||||||||||||
Interest expense | 47 | 29 | 95 | 50 | ||||||||
Appropriate portion of rental expense (1) | 7 | 5 | 13 | 9 | ||||||||
Amortization of capitalized interest | 1 | 1 | 3 | 3 | ||||||||
Earnings as adjusted | $ | 435 | $ | 303 | $ | 835 | $ | 574 | ||||
Fixed charges: | ||||||||||||
Interest expense | $ | 47 | $ | 29 | $ | 95 | $ | 50 | ||||
Appropriate portion of rental expense (1) | 7 | 5 | 13 | 9 | ||||||||
Capitalized interest | 1 | 1 | 2 | 2 | ||||||||
Total fixed charges | $ | 55 | $ | 35 | $ | 110 | $ | 61 | ||||
Ratio of earnings to fixed charges | 7.9x | 8.7x | 7.6x | 9.4x | ||||||||
(1) | For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. |
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