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EXCEL - IDEA: XBRL DOCUMENT - BARD C R INC /NJ/Financial_Report.xls
EX-32.2 - EX-32.2 - BARD C R INC /NJ/d732355dex322.htm
EX-32.1 - EX-32.1 - BARD C R INC /NJ/d732355dex321.htm
EX-31.1 - EX-31.1 - BARD C R INC /NJ/d732355dex311.htm
EX-31.2 - EX-31.2 - BARD C R INC /NJ/d732355dex312.htm
10-Q - 10-Q - BARD C R INC /NJ/d732355d10q.htm

EXHIBIT 12.1

C. R. BARD, INC. AND SUBSIDIARIES

Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges

 

     Six Months
Ended
June 30,
2014
    Years Ended December 31,  
       2013     2012     2011     2010     2009  
(dollars in millions)                                     

Earnings from operations before taxes

   $ 90.8      $ 1,213.4      $ 732.4      $ 510.8      $ 717.7      $ 671.5   

Add (Deduct):

            

Fixed charges

     26.1        52.4        46.1        42.7        18.4        17.5   

Undistributed earnings of equity investments

     (0.3     (1.0     (9.6     (3.8     (3.6     (2.3
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges

   $ 116.6      $ 1,264.8      $ 768.9      $ 549.7      $ 732.5      $ 686.7   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges:

            

Interest, including amounts capitalized(1)

   $ 22.4      $ 45.0      $ 39.6      $ 36.4      $ 12.7      $ 11.8   

Proportion of rent expense deemed to represent interest factor

     3.7        7.4        6.5        6.3        5.7        5.7   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 26.1      $ 52.4      $ 46.1      $ 42.7      $ 18.4      $ 17.5   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     4.47        24.14        16.68        12.87        39.81        39.24   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)  Interest related to unrecognized tax benefits is included as income tax expense and not included in fixed charges.