EX-12.1 16 exhibit121.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1


Exhibit 12.1
Kohl's Corporation
Ratio of Earnings to Fixed Charges
(Dollars in Millions)

 
 
2012
 
2011
 
2010
Earnings
 
 
 
 
 
 
Income before income taxes
$
1,561

 
$
1,859

 
$
1,788

 
Fixed Charges
509

 
482

 
489

 
Less: interest capitalized during period
(2
)
 
(6
)
 
(6
)
 
 
$
2,068

 
$
2,335

 
$
2,271

Fixed charges
 
 
 
 
 
 
Interest (expensed or capitalized)
$
335

 
$
309

 
$
319

 
Portion of rent expense representative of interest
172

 
172

 
170

 
Amortization of deferred financing fees
2

 
1

 
—

 
 
$
509

 
$
482

 
$
489

Ratio of earnings to fixed charges
4.1

 
4.8

 
4.6