Kohl's 2012 Annual Report Download - page 158

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Exhibit 12.1
Kohl's Corporation
Ratio of Earnings to Fixed Charges
(Dollars in Millions)
2012 2011 2010
Earnings
Income before income taxes.......................................................................................... $ 1,561 $ 1,859 $ 1,788
Fixed Charges................................................................................................................ 509 482 489
Less: interest capitalized during period......................................................................... (2)(6)(6)
$ 2,068 $ 2,335 $ 2,271
Fixed charges
Interest (expensed or capitalized).................................................................................. $ 335 $ 309 $ 319
Portion of rent expense representative of interest ......................................................... 172 172 170
Amortization of deferred financing fees........................................................................ 21
$ 509 $ 482 $ 489
Ratio of earnings to fixed charges.................................................................................... 4.1 4.8 4.6