EX-12.1 3 exhibit121q12015.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Q1 2015


Exhibit 12.1
Kohl's Corporation
Ratio of Earnings to Fixed Charges
(Dollars in Millions)
 
 
Three Months Ended
 
 
May 2, 2015
 
May 3, 2014
Earnings
 
 
 
 
Income before income taxes
$
196

 
$
195

 
Fixed charges
130

 
131

 
Less: interest capitalized during period
—

 
(1
)
 
 
$
326

 
$
325

Fixed charges
 
 
 
 
Interest (expensed or capitalized)
$
84

 
$
86

 
Portion of rent expense representative of interest
45

 
44

 
Amortization of deferred financing fees
1

 
1

 
 
$
130

 
$
131

Ratio of earnings to fixed charges
2.5

 
2.5