Eastman Chemical (EMN) 10-Q 2010 Q3 Quarterly report

EXHIBIT 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

	Third Quarter					First Nine Months
(Dollars in millions)		2010		2009			2010		2009
Earnings before income taxes	$	258	$	170	$		633	$	278
Add:
Interest expense		26		20			79		63
Appropriate portion of rental expense (1)		3		4			9		11
Amortization of capitalized interest		2		2			6		6
Earnings as adjusted	$	289	$	196	$		727	$	358
Fixed charges:
Interest expense	$	26	$	20	$		79	$	63
Appropriate portion of rental expense (1)		3		4			9		11
Capitalized interest		--		--			2		14
Total fixed charges	$	29	$	24	$		90	$	88
Ratio of earnings to fixed charges		10.0x		8.2x			8.1x		4.1x

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

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