Exhibit 12.1

CVS Corporation

Computation of Ratio of Earnings to Fixed Charges

In millions	Fiscal Year (1)
Earnings:	2009		2008		2007		2006(2)		2005
Earnings from continuing operations before income taxes and extraordinary items	$	5,913	$	5,537	$	4,359	$	2,226	$	1,909
Interest portion of net rental expense		643		586		546		478		420
Interest expense (net of interest capitalized)		530		530		468		231		117
Adjusted earnings	$	7,086	$	6,653	$	5,373	$	2,935	$	2,446
Fixed charges:
Interest portion of net rental expense	$	643	$	586	$	546	$	478	$	420
Interest expense (net of interest capitalized)		530		530		468		231		117
Interest capitalized		39		28		24		21		13
Total fixed charges	$	1,212	$	1,144	$	1,038	$	730	$	550
Ratio of earnings to fixed charges		5.85x		5.82x		5.17x		4.02x		4.45x

(1) On December 23, 2008, our Board of Directors approved a change in our fiscal year-end from the Saturday nearest December 31 of each year to December 31 of each year to better reflect our position in the health care, rather than the retail, industry. The fiscal year change was effective beginning with the fourth quarter of fiscal 2008. As you review our operating performance, please consider that fiscal 2009 includes 365 days; fiscal 2008 includes 368 days, compared to each of the remaining fiscal years presented, which include 364 days.

(2) In 2006, CVS Caremark adopted the Securities and Exchange Commission (SEC) Staff Accounting Bulletin (“SAB”) No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements.” The adoption of this statement resulted in a $40 million pre-tax ($25 million after-tax) decrease in operating expenses for 2006.