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|
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 |
|
|
|
|