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EXHIBIT 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
THIRD QUARTER FIRST NINE MONTHS
2000 1999 2000 1999
Earnings before income taxes $145 $49 $375 $149
Add:
Interest expense 38 35 105 89
Rental expense(1) 6 6 17 17
Amortization of capitalized interest 3 7 8 16
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Earnings as adjusted $192 $97 $505 $271
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Fixed charges:
Interest expense $ 38 $35 $105 $ 89
Rental expense(1) 6 6 17 17
Capitalized interest -- 2 3 11
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Total fixed charges $ 44 $43 $125 $117
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Ratio of earnings to fixed charges 4.4x 2.3x 4.0x 2.3x
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(1) For all periods presented, interest component of rental expense is
estimated to equal one-third of such expense.
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