Exhibit 12.1

The J. M. Smucker Company

Computation of Ratio of Earnings to Fixed Charges

(in millions of dollars)

	July 31, 2017
	Three Months Ended
Earnings before fixed charges:
Income before income taxes	$	189.0
Total fixed charges	50.6
Less: capitalized interest	(0.4		)
Earnings available for fixed charges	$	239.2
Fixed charges:
Interest and other debt expense, net of capitalized interest	$	42.5
Capitalized interest	0.4
Estimated interest portion of rent expense (A)	7.7
Total fixed charges	$	50.6
Ratio of earnings to fixed charges	4.7

(A) For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense.