EX-12.1 4 exhibit121201410-k.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 2014 10-K


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

 
 
2014
 
2013
 
2012
Earnings
 
 
 
 
 
 
Income before income taxes
$
1,349

 
$
1,404

 
$
1,561

 
Fixed charges
524

 
517

 
509

 
Less: interest capitalized during period
(2
)
 
(1
)
 
(2
)
 
 
$
1,871

 
$
1,920

 
$
2,068

Fixed charges
 
 
 
 
 
 
Interest (expensed or capitalized)
$
342

 
$
339

 
$
335

 
Portion of rent expense representative of interest
180

 
176

 
172

 
Amortization of deferred financing fees
2

 
2

 
2

 
 
$
524

 
$
517

 
$
509

Ratio of earnings to fixed charges
3.6

 
3.7

 
4.1