EX-12.1 9 a2189713zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

 

Ratio of Earnings to Fixed Charges

 

 

 

For the Year Ended

 

 

 

October 31,
2008

 

October 31,
2007

 

October 31,
2006

 

October 31,
2005

 

October 31,
2004

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before taxes and equity income

 

$

815

 

$

670

 

$

627

 

$

291

 

$

87

 

Fixed Charges

 

153

 

115

 

106

 

58

 

72

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

968

 

$

785

 

$

733

 

$

349

 

$

159

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

105

 

86

 

65

 

27

 

36

 

Estimate of interest within rental expense

 

30

 

24

 

37

 

22

 

30

 

Amortization of capitalized expenses related to indebtedness

 

18

 

5

 

4

 

9

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

153

 

115

 

106

 

58

 

72

 

Ratio of earnings to fixed charges

 

6.33

 

6.81

 

6.92

 

6.02

 

2.21