Eastman Chemical (EMN) 10-Q 2013 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)		2013		2012		2013		2012
Earnings from continuing operations before income taxes	$	433	$	218	$	1,157	$	730
Add:
Interest expense		46		50		141		100
Appropriate portion of rental expense (1)		6		7		19		16
Amortization of capitalized interest		2		2		5		5
Earnings as adjusted	$	487	$	277	$	1,322	$	851
Fixed charges:
Interest expense	$	46	$	50	$	141	$	100
Appropriate portion of rental expense (1)		6		7		19		16
Capitalized interest		1		1		3		3
Total fixed charges	$	53	$	58	$	163	$	119
Ratio of earnings to fixed charges		9.2x		4.8x		8.1x		7.2x

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

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