Exhibit 12.1

CVS HEALTH CORPORATION

Computation of Ratio of Earnings to Fixed Charges

	Fiscal Years
In millions	2015			2014			2013			2012			2011
Earnings:
Earnings from continuing operations before income taxes and extraordinary items	$	8,613.5		$	7,677.1		$	7,527.1		$	6,307.1		$	5,750.5
Interest portion of net rental expense		763.7			785.3			750.3			741.7			715.8
Interest expense (net of interest capitalized)		859.5			615.4			517.5			561.2			588.5
Adjusted earnings	$	10,236.7		$	9,077.8		$	8,794.9		$	7,610.0		$	7,054.8
Fixed Charges:
Interest portion of net rental expense		763.7			785.3			750.3			741.7			715.8
Interest expense (net of interest capitalized)		859.5			615.4			517.5			561.2			588.5
Interest capitalized		11.8			18.9			24.6			28.6			36.5
Total fixed charges	$	1,635.0		$	1,419.6		$	1,292.4		$	1,331.5		$	1,340.8
Ratio of earnings to fixed charges		6.26	x		6.39	x		6.81	x		5.72	x		5.26	x