Eastman Kodak (KODK) S-3 Shelf registration

Exhibit (12)(a)

Eastman Kodak Company and Subsidiary Companies

Computation of Ratio of Earnings to Fixed Charges

(in millions, except for ratios)

	Nine Months Ended September 30,		Years ended December 31,
	2003		2002		2001			2000		1999			1998
Earnings from continuing operations before income taxes	$	208	$	946	$	115		$	2,132	$	2,109		$	2,106
Adjustments:
Minority interest in income/(loss) of subsidiaries with fixed charges		18		17		(11	)		11		(30	)		7
Undistributed loss/(earnings) of equity method investees		33		107		77			36		(17	)		(32	)
Interest expense		104		173		219			178		142			110
Interest component of rental expense (1)		41		53		42			52		47			50
Amortization of capitalized interest		20		28		28			28		24			24
Earnings as adjusted	$	424	$	1,324	$	470		$	2,437	$	2,275		$	2,265
Fixed charges:
Interest expense		104		173		219			178		142			110
Interest component of rental expense (1)		41		53		42			52		47			50
Capitalized interest		2		3		12			40		36			41
Total fixed charges	$	147	$	229	$	273		$	270	$	225		$	201
Ratio of earnings to fixed charges		2.9x		5.8x		1.7x			9.0x		10.1x			11.3x

(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.