EX-12.1 3 exhibit12191818s-3.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

Statement re: Computation of Ratios
$ in millions
 
 
Six Months Ended
 
Fiscal Years Ended
 
 
August 4,
2018
 
July 29,
2017
 
February 3,
2018
 
January 28,
2017
 
January 30,
2016
 
January 31,
2015
 
February 1,
2014
Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes, noncontrolling interests and equity in income (loss) of affiliates
 
$
586

 
$
602

 
$
1,817

 
$
1,816

 
$
1,310

 
$
1,387

 
$
1,083

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest portion of rental expense
 
115

 
115

 
235

 
232

 
235

 
250

 
254

Interest expense
 
38

 
37

 
75

 
72

 
80

 
90

 
100

Total fixed charges
 
153

 
152


310


304

 
315

 
340

 
354

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings available for fixed charges
 
$
739

 
$
754


$
2,127


$
2,120

 
$
1,625

 
$
1,727

 
$
1,437

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
4.83

 
4.96


6.86


6.97

 
5.16

 
5.08

 
4.06