Attached files
| file | filename |
|---|---|
| EX-10.01 - AMENDMENT NO. 13 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT - EASTMAN CHEMICAL CO | emn20180331ex1001amendme.htm |
| 10-Q - FIRST QUARTER 2018 EASTMAN CHEMICAL COMPANY 10-Q - EASTMAN CHEMICAL CO | emn2018033110q.htm |
| EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND, SENIOR VICE PRESIDENT - EASTMAN CHEMICAL CO | emn20180331ex3202.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20180331ex3201.htm |
| EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20180331ex3102.htm |
| EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20180331ex3101.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) | 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. |