Kohl's 2008 Annual Report Download - page 75

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Exhibit 12.1
Kohl’s Corporation
Ratio of Earnings to Fixed Charges
(Dollars in Millions)
2008 2007 2006
Earnin
g
s
Income before income taxes
$1,425
$1,742 $1,774
Fixed charges
408
347
268
Less: interest capitalized during perio
d
(8)
(16)
(8)
$1,825
$2,073
$2,034
Fixed Char
g
es
Interest (expensed or capitalized)
$140
$98
$75
Portion of rent expense representative of interes
t
267
248
192
Amortization of deferred financing fees
1
1 1
$408
$347
$268
Ratio of earnin
g
s to fixed char
g
es
4.47
5.97
7.61