EX-12.1 2 exhibit121.htm EXHIBIT 12.1 Exhibit 12.1


Exhibit 12.1

Computation of Ratios

The computation of the ratio of earnings to fixed charges for the nine months ended September 30, 2011 and the years ended December 31, 2010, 2009, 2008, 2007 and 2006 are as follows:

 
Nine Months Ended

Years Ended December 31,
(Millions)
September 30, 2011

2010

2009

2008

2007

2006

Income from continuing operations before income taxes
$
2,470.9

$
2,644.2

$
1,901.2

$
2,174.2

$
2,796.4

$
2,586.6

Add back fixed charges
220.5

307.7

302.9

297.9

234.3

199.5

Income as adjusted ("earnings")
$
2,691.4

$
2,951.9

$
2,204.1

$
2,472.1

$
3,030.7

$
2,786.1

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
Interest expense
$
187.3

$
254.6

$
243.4

$
236.4

$
180.6

$
148.3

Portion of rents representative of interest factor
33.2

53.1

59.5

61.5

53.7

51.2

Total fixed charges
$
220.5

$
307.7

$
302.9

$
297.9

$
234.3

$
199.5

Ratio of earnings to fixed charges
12.21

9.59

7.28

8.30

12.94

13.97