EX-12.1 4 exhibit121201510-k.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit


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

 
 
2015
 
2014
 
2013
Earnings
 
 
 
 
 
 
Income before income taxes excluding loss on extinguishment of debt
$
1,057

 
$
1,349

 
$
1,404

 
Fixed charges
512

 
524

 
517

 
Less: interest capitalized during period
—

 
(2
)
 
(1
)
 
 
$
1,569

 
$
1,871

 
$
1,920

Fixed charges
 
 
 
 
 
 
Interest (expensed or capitalized)
$
329

 
$
342

 
$
339

 
Portion of rent expense representative of interest
181

 
180

 
176

 
Amortization of deferred financing fees
2

 
2

 
2

 
 
$
512

 
$
524

 
$
517

Ratio of earnings to fixed charges
3.1

 
3.6

 
3.7