EX-12.1 153 d64408exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
DR PEPPER SNAPPLE GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    For the Nine        
    Months Ended        
    September 30,     For the Fiscal Years  
    2008     2007     2006     2005     2004  
    (Dollars in millions)  
Income before provision for income taxes, equity in earnings of unconsolidated subsidiaries and cumulative effect of change in accounting policy
   $ 507     $ 817     $ 805     $ 787     $ 703  
Add/(deduct)
                                        
Fixed Charges
     219       275       273       218       188  
Amortization of capitalized interest
     1       1       1       —       —  
Capitalized interest
     (6 )     (6 )     (3 )     (1 )     (2 )
 
                              
Earnings available for fixed charges
     721       1,087       1,076       1,004       889  
 
                                        
Fixed charges
                                        
Interest expense
     199       253       257       210       177  
Capitalized interest
     6       6       3       1       2  
Interest component of rental expense(1)
     14       16       13       7       9  
 
                              
Total fixed charges
     219       275       273       218       188  
Ratio of earnings to fixed charges
     3.3       4.0       3.9       4.6       4.7  
 
(1)   Represents a reasonable approximation of the interest cost component of rental expense incurred by us.