EX-12.1 2 d221132dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

Kohl’s Corporation

Ratio of Earnings to Fixed Charges

(Dollars in Millions)

(Restated)

 

     2010     2009     2008  

Earnings

       

Income before income taxes

    $ 1,788      $ 1,558      $ 1,379   

Fixed charges

      489        479        446   

Less: interest capitalized during period

      (6 )      (5 )      (8 ) 
  

 

 

    

 

 

    

 

 

  
   $ 2,271      $ 2,032      $ 1,817   
  

 

 

    

 

 

    

 

 

  

Fixed Charges

       

Interest (expensed or capitalized)

    $ 319      $ 316      $ 304   

Portion of rent expense representative of interest

      170        163        142   
  

 

 

    

 

 

    

 

 

  
   $ 489      $ 479      $ 446   
  

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      4.6        4.2        4.1