Attached files
| file | filename |
|---|---|
| EX-32.02 - SECTION 1350 CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20180630ex3202.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20180630ex3201.htm |
| EX-31.02 - RULE 13A 14(A) CERTIFICATION BY CURTIS E. ESPELAND - EASTMAN CHEMICAL CO | emn20180630ex3102.htm |
| EX-31.01 - RULE 13A 14(A) CERTIFICATION BY MARK J. COSTA - EASTMAN CHEMICAL CO | emn20180630ex3101.htm |
| 10-Q - SECOND QUARTER 2018 EASTMAN CHEMICAL COMPANY 10-Q - EASTMAN CHEMICAL CO | emn2018063010q.htm |
Exhibit 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
(Dollars in millions) | 2018 | 2017 | 2018 | 2017 | ||||||||
Earnings before income taxes excluding noncontrolling interest | $ | 428 | $ | 357 | $ | 778 | $ | 697 | ||||
Add: | ||||||||||||
Interest expense | 63 | 61 | 123 | 122 | ||||||||
Appropriate portion of rental expense (1) | 8 | 8 | 16 | 15 | ||||||||
Amortization of capitalized interest | 1 | 1 | 2 | 2 | ||||||||
Earnings as adjusted | $ | 500 | $ | 427 | $ | 919 | $ | 836 | ||||
Fixed charges: | ||||||||||||
Interest expense | $ | 63 | $ | 61 | $ | 123 | $ | 122 | ||||
Appropriate portion of rental expense (1) | 8 | 8 | 16 | 15 | ||||||||
Capitalized interest | 1 | 2 | 2 | 4 | ||||||||
Total fixed charges | $ | 72 | $ | 71 | $ | 141 | $ | 141 | ||||
Ratio of earnings to fixed charges | 6.9x | 6.0x | 6.5x | 5.9x | ||||||||
(1) | For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense. |