EX-12.1 8 a-10312015xexx121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

Ratio of Earnings to Fixed Charges

 
For Years Ended
 
October 31,
2015
 
October 31,
2014
 
October 31,
2013
 
October 31,
2012
 
October 31,
2011
Earnings:
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes
$
480

 
$
229

 
$
293

 
$
237

 
$
232

Fixed Charges
87

 
128

 
125

 
117

 
99

Total
$
567

 
$
357

 
$
418

 
$
354

 
$
331

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
65

 
107

 
105

 
99

 
84

Estimate of interest within rental expense
21

 
18

 
18

 
16

 
13

Amortization of capitalized expenses related to indebtedness
1

 
3

 
2

 
2

 
2

Total
87

 
128

 
125

 
117

 
99

Ratio of earnings to fixed charges
6.52

 
2.79

 
3.34

 
3.03

 
3.34