Walmart Inc. - FORM 10-Q - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - September 1, 2011

Attached files

file	filename
EX-31.1 - CHIEF EXECUTIVE OFFICER SECTION 302 CERTIFICATION - Walmart Inc.	dex311.htm
EX-32.1 - CHIEF EXECUTIVE OFFICER SECTION 906 CERTIFICATION - Walmart Inc.	dex321.htm
EX-32.2 - CHIEF FINANCIAL OFFICER SECTION 906 CERTIFICATION - Walmart Inc.	dex322.htm
EX-31.2 - CHIEF FINANCIAL OFFICER SECTION 302 CERTIFICATION - Walmart Inc.	dex312.htm
EXCEL - IDEA: XBRL DOCUMENT - Walmart Inc.	Financial_Report.xls
10-Q - FORM 10-Q - Walmart Inc.	d10q.htm

Exhibit 12.1

Wal-Mart Stores, Inc.

Ratio of Earnings to Fixed Charges


		Six Months Ended July 31,								Fiscal Year
(Dollar amounts in millions)		2011				2010				2011				2010				2009				2008				2007
Income from continuing operations before income taxes		$	11,183			$	10,971			$	23,538			$	22,118			$	20,867			$	20,122			$	19,023
Capitalized interest			(29	)			(36	)			(63	)			(85	)			(88	)			(150	)			(182	)
Consolidated net income attributable to the noncontrolling interest			(287	)			(294	)			(604	)			(513	)			(499	)			(406	)			(425	)

Adjusted income from continuing operations before income taxes			10,867				10,641				22,871				21,520				20,280				19,566				18,416

Fixed charges:
Interest¹			1,191				1,100				2,268				2,160				2,267				2,267				2,009
Interest component of rent			354				308				651				597				406				464				368

Total fixed charges			1,545				1,408				2,919				2,757				2,673				2,731				2,377

Income from continuing operations before income taxes and fixed charges		$	12,412			$	12,049			$	25,790			$	24,277			$	22,953			$	22,297			$	20,793

Ratio of earnings to fixed charges (times)			8.0				8.6				8.8				8.8				8.6				8.2				8.7

¹	Includes interest on debt and capital leases, amortization of debt issuance costs and capitalized interest.