EX-12.1 2 d284706dex121.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)

 

     2011     2010     2009  

Earnings

       

Income before income taxes

    $ 1,859      $ 1,788      $ 1,558   

Fixed charges

      482        489        479   

Less: interest capitalized during period

      (6 )      (6 )      (5 ) 
  

 

 

    

 

 

    

 

 

  
   $ 2,335      $ 2,271      $ 2,032   
  

 

 

    

 

 

    

 

 

  

Fixed Charges

       

Interest (expensed or capitalized)

    $ 309      $ 319      $ 316   

Portion of rent expense representative of interest

      172        170        163   

Amortization of deferred financing fees

      1        —          —     
  

 

 

    

 

 

    

 

 

  
   $ 482      $ 489      $ 479   
  

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      4.8        4.6        4.2