EX-12.1 3 kss-ex121_80.htm EX-12.1 kss-ex121_80.htm

 

 

Exhibit 12.1

 

Kohl's Corporation

Ratio of Fixed Earnings to Fixed Charges

(Dollars in Millions)

 

 

(Dollars in Millions)

2017

 

2016

 

2015

 

Earnings

 

 

 

 

 

 

 

 

 

Income before income taxes, including non-recurring items

$

1,117

 

$

875

 

$

1,057

 

Fixed charges

 

469

 

 

484

 

 

512

 

Less: Interest capitalized during period

 

(1

)

 

(1

)

 

-

 

 

$

1,585

 

$

1,358

 

$

1,569

 

Fixed Charges

 

 

 

 

 

 

 

 

 

Interest (expensed or capitalized)

$

306

 

$

309

 

$

329

 

Portion of rent expense representative of interest

 

161

 

 

173

 

 

181

 

Amortization of deferred financing fees

 

2

 

 

2

 

 

2

 

 

$

469

 

$

484

 

$

512

 

Ratio of earnings to fixed charges

 

3.4

 

 

2.8

 

 

3.1