EX-12.1 7 exhibit1215.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 (5)


Exhibit 12.1
Kohl's Corporation
Ratio of Earnings to Fixed Charges
(Dollars in Millions)

 
 
2013
 
2012
 
2011
Earnings
 
 
 
 
 
 
Income before income taxes
$
1,404

 
$
1,561

 
$
1,859

 
Fixed charges
517

 
509

 
482

 
Less: interest capitalized during period
(1
)
 
(2
)
 
(6
)
 
 
$
1,920

 
$
2,068

 
$
2,335

Fixed charges
 
 
 
 
 
 
Interest (expensed or capitalized)
$
339

 
$
335

 
$
309

 
Portion of rent expense representative of interest
176

 
172

 
172

 
Amortization of deferred financing fees
2

 
2

 
1

 
 
$
517

 
$
509

 
$
482

Ratio of earnings to fixed charges
3.7

 
4.1

 
4.8