Attached files
| file | filename |
|---|---|
| 10-Q - FIRST QUARTER 2017 EASTMAN CHEMICAL COMPANY 10-Q - EASTMAN CHEMICAL CO | emn2017033110q.htm |
| EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20170331ex3202.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20170331ex3201.htm |
| EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20170331ex3102.htm |
| EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20170331ex3101.htm |
| EX-10.02 - 2017 DIRECTOR STOCK COMPENSATION SUBPLAN - EASTMAN CHEMICAL CO | emn20170331ex1002.htm |
Exhibit 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
Three Months Ended March 31, | ||||||||
(Dollars in millions) | 2017 | 2016 | ||||||
Earnings before income taxes excluding noncontrolling interest | $ | 340 | $ | 323 | ||||
Add: | ||||||||
Interest expense | 66 | 70 | ||||||
Appropriate portion of rental expense (1) | 7 | 7 | ||||||
Amortization of capitalized interest | 1 | 1 | ||||||
Earnings as adjusted | $ | 414 | $ | 401 | ||||
Fixed charges: | ||||||||
Interest expense | $ | 66 | $ | 70 | ||||
Appropriate portion of rental expense (1) | 7 | 7 | ||||||
Capitalized interest | 2 | 2 | ||||||
Total fixed charges | $ | 75 | $ | 79 | ||||
Ratio of earnings to fixed charges | 5.5x | 5.1x | ||||||
(1) | For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. The appropriate portion of rental expense disclosed above for the three months ended March 31, 2016 has been revised to correct the amounts previously disclosed of $8 million included in Exhibit 12.01 to the Company's 2016 Quarterly Report on Form 10-Q. |