EX-12.1 2 exhibit12-1.htm EXHIBIT 12.1 exhibit12-1.htm
 
Exhibit 12.1
Computation of Ratios

The computation of the ratio of earnings to fixed charges for the six months ended June 30, 2009 and the years ended December 31, 2008, 2007, 2006, 2005 and 2004 are as follows:


   
Six Months Ended
  
Years Ended December 31,
(Millions)
  
June 30, 2009
  
2008
  
2007
  
2006
  
2005
  
2004
Income before income taxes
  
 $1,184.3
  
 $2,174.2
  
 $2,796.4
  
 $2,586.6
  
 $2,453.3
  
 $1,760.0
Add back fixed charges
  
 151.8
  
 297.9
  
 234.3
  
 199.5
  
 177.5
  
 165.5
Income, as adjusted
  
 $1,336.1
  
 $2,472.1
  
 $3,030.7
  
 $2,786.1
  
 $2,630.8
  
 $1,925.5
Fixed charges:
                        
Interest on indebtedness
  
 $122.2
  
 $236.4
  
 $180.6
  
 $148.3
  
 $122.8
  
 $104.7
Portion of rents representative of interest factor
  
 29.6
  
 61.5
  
 53.7
  
 51.2
  
 54.7
  
 60.8
Total fixed charges
  
 $151.8
  
 $297.9
  
 $234.3
  
 $199.5
  
 $177.5
  
 $165.5
Ratio of earnings to fixed charges
  
 8.80
  
 8.30
  
 12.94
  
 13.97
  
 14.82
  
 11.63