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Previous: EASTMAN CHEMICAL CO, 10-Q, EX-10.01, 2000-08-09 |
Next: EASTMAN CHEMICAL CO, 10-Q, EX-27.01, 2000-08-09 |
<PAGE> 1
EXHIBIT 12.01
EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
<TABLE>
<CAPTION>
SECOND QUARTER FIRST SIX MONTHS
2000 1999 2000 1999
<S> <C> <C> <C> <C>
Earnings before income taxes $128 $ 64 $230 $101
Add:
Interest expense, net 34 28 67 54
Rental expense (1) 6 5 11 11
Amortization of capitalized interest 1 4 5 9
---- ---- ---- ----
Earnings as adjusted $169 $101 $313 $175
==== ==== ==== ====
Fixed charges:
Interest expense, net $ 34 $ 28 $ 67 $ 54
Rental expense (1) 6 5 11 11
Capitalized interest 1 4 3 9
---- ---- ---- ----
Total fixed charges $ 41 $ 37 $ 81 $ 74
==== ==== ==== ====
Ratio of earnings to fixed charges 4.1x 2.7x 3.9x 2.4x
==== ==== ==== ====
</TABLE>
----------------------
(1) For all periods presented, interest component of rental expense is
estimated to equal one-third of such expense.
100
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