Eastman Kodak (KODK) 10-Q 2012 Q2 Quarterly report

Exhibit (12)

Eastman Kodak Company

Computation of Ratio of Earnings to Fixed Charges

(in millions, except for ratio)

	Six Months
	Ended
	June 30, 2012
Loss from continuing operations before income taxes	$	(776	)
Adjustments:
Interest expense		77
Interest component of rental expense  (1)		15
Amortization of capitalized interest		-
Loss from continuing operations as adjusted	$	(684	)
Fixed charges:
Interest expense	$	77
Interest component of rental expense  (1)		15
Capitalized interest		-
Total fixed charges	$	92
* Ratio of earnings to fixed charges

(1)  Interest component of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.

*     Earnings for the six months ended June 30, 2012 were inadequate to cover fixed charges.  The coverage deficiency was $ 776 million.