EX-12.1 4 a-10312013xex121.htm EXHIBIT A-10.31.2013-EX12.1


Exhibit 12.1

Ratio of Earnings to Fixed Charges

 
October 31,
2013
 
October 31,
2012
 
October 31,
2011
 
October 31,
2010
 
October 31,
2009
Earnings:
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes and equity income
$
859

 
$
1,043

 
$
1,032

 
$
692

 
$
7

Fixed Charges
137

 
129

 
113

 
126

 
120

Total
$
996

 
$
1,172

 
$
1,145

 
$
818

 
$
127

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
105

 
99

 
84

 
94

 
87

Estimate of interest within rental expense
30

 
28

 
27

 
30

 
32

Amortization of capitalized expenses related to indebtedness
2

 
2

 
2

 
2

 
1

Total
137

 
129

 
113

 
126

 
120

Ratio of earnings to fixed charges
7.27

 
9.09

 
10.13

 
6.49

 
1.06