EASTMAN CHEMICAL CO - FORM 10-K - EX-12.01 - STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - March 1, 2018

Attached files

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EX-10.37 - AMENDED AND RESTATED NON-RECOURSE A/R PURCHASE AGREEMENT 12/17 TAMINCO BVBA - EASTMAN CHEMICAL COemn20171231ex1037.htm
10-K - 2017 EASTMAN CHEMICAL COMPANY 10-K - EASTMAN CHEMICAL COemn2017123110k.htm
EX-99.02 - PRODUCT AND RAW MATERIAL INFORMATION - EASTMAN CHEMICAL COemn20171231ex9902.htm
EX-99.01 - 2017 COMPANY AND SEGMENT REVENUE BY END-USE MARKET - EASTMAN CHEMICAL COemn20171231ex9901.htm
EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL COemn20171231ex3202.htm
EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL COemn20171231ex3201.htm
EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL COemn20171231ex3102.htm
EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL COemn20171231ex3101.htm
EX-23.01 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - EASTMAN CHEMICAL COemn20171231ex2301.htm
EX-21.01 - SUBSIDIARIES OF THE COMPANY - EASTMAN CHEMICAL COemn20171231ex2101.htm
EX-10.36 - AMENDED AND RESTATED NON-RECOURSE A/R PURCHASE AGREEMENT 12/17 TAMINCO US - EASTMAN CHEMICAL COemn20171231ex1036.htm
EX-10.35 - AMENDED AND RESTATED NON-RECOURSE A/R PURCHASE AGREEMENT 12/17 TAMINCO FINLAND - EASTMAN CHEMICAL COemn20171231ex1035.htm
EX-10.34 - AWARD NOTICE FOR GRANT OF RESTRICTED STOCK UNITS - EASTMAN CHEMICAL COemn20171231ex1034.htm
EX-10.33 - AWARD NOTICE FOR GRANT OF RESTRICTED STOCK UNITS - EASTMAN CHEMICAL COemn20171231ex1033.htm
EX-10.31 - AWARD NOTICE FOR GRANT OF NONSTATUTORY STOCK OPTION - EASTMAN CHEMICAL COemn20171231ex1031.htm
EX-10.22 - PERFORMANCE SHARE AWARD SUBPLAN OF THE 2017 OMNIBUS STOCK COMPENSATION PLAN - EASTMAN CHEMICAL COemn20171231ex1022.htm


Exhibit 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
 
 
Year Ended December 31,
(Dollars in millions)
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings before income taxes excluding noncontrolling interest
$
1,285

$
1,044

$
1,123

$
984

$
1,672

Add:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
244

 
258

 
266

 
190

 
183

Appropriate portion of rental expense (1)
 
31

 
30

 
26

 
23

 
20

Amortization of capitalized interest
 
3

 
5

 
6

 
6

 
6

Earnings as adjusted
$
1,563

$
1,337

$
1,421

$
1,203

$
1,881

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
$
244

$
258

$
266

$
190

$
183

Appropriate portion of rental expense (1)
 
31

 
30

 
26

 
23

 
20

Capitalized interest
 
7

 
7

 
7

 
7

 
4

Total fixed charges
$
282

$
295

$
299

$
220

$
207

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
5.5x

 
4.5x

 
4.8x

 
5.5x

 
9.1x


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


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