Eastman Chemical (EMN) 10-Q 2010 Q2 Quarterly report

EXHIBIT 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

	Second Quarter						First Six Months
(Dollars in millions)	2010			2009			2010			2009
Earnings before income taxes	$	224		$	106		$	375		$	108
Add:
Interest expense		27			22			53			43
Appropriate portion of rental expense (1)		3			3			6			7
Amortization of capitalized interest		3			1			4			4
Earnings as adjusted	$	257		$	132		$	438		$	162
Fixed charges:
Interest expense	$	27		$	22		$	53		$	43
Appropriate portion of rental expense (1)		3			3			6			7
Capitalized interest		--			3			2			14
Total fixed charges	$	30		$	28		$	61		$	64
Ratio of earnings to fixed charges		8.6	x		4.7	x		7.2	x		2.5	x

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

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