ManpowerGroup Inc. - FORM 10-Q - EX-12.1 - STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. - August 6, 2014

Attached files

file	filename
EXCEL - IDEA: XBRL DOCUMENT - ManpowerGroup Inc.	Financial_Report.xls
EX-32.1 - STATEMENT OF JONAS PRISING, CHIEF EXECUTIVE OFFICER, PURSUANT TO 18 U.S.C. SS. 1350. - ManpowerGroup Inc.	exhibit_32-1.htm
EX-10.4 - SEVERANCE AGREEMENT DATED MAY 1, 2014 BETWEEN THE COMPANY AND JONAS PRISING. - ManpowerGroup Inc.	exhibit_10-4.htm
EX-10.2 - FORM OF AMENDMENT TO THE 2012 AND 2013 PERFORMANCE SHARE UNIT AGREEMENTS FOR JEFFREY A. JOERRES AND MICHAEL J. VAN HANDEL. - ManpowerGroup Inc.	exhibit_10-2.htm
EX-10.5 - 2011 EQUITY INCENTIVE PLAN OF MANPOWERGROUP INC. (AMENDED AND RESTATED EFFECTIVE APRIL 29, 2014). - ManpowerGroup Inc.	exhibit_10-5.htm
EX-32.2 - STATEMENT OF MICHAEL J. VAN HANDEL, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, PURSUANT TO 18 U.S.C. SS. 1350 - ManpowerGroup Inc.	exhibit_32-2.htm
EX-31.2 - CERTIFICATION OF MICHAEL J. VAN HANDEL, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, PURSUANT TO SECTION 13A-14(A) OF THE SECURITIES EXCHANGE ACT OF 1934. - ManpowerGroup Inc.	exhibit_31-2.htm
EX-10.3 - AMENDMENT TO THE 2012 AND 2013 STOCK OPTION AND RESTRICTED STOCK UNIT AGREEMENTS FOR JEFFREY A. JOERRES. - ManpowerGroup Inc.	exhibit_10-3.htm
EX-31.1 - CERTIFICATION OF JONAS PRISING, CHIEF EXECUTIVE OFFICER, PURSUANT TO SECTION 13A-14(A) OF THE SECURITIES EXCHANGE ACT OF 1934. - ManpowerGroup Inc.	exhibit_31-1.htm
10-Q - Q2-2014 FORM 10-Q - ManpowerGroup Inc.	form10q.htm
EX-10.1 - LETTER AMENDMENT TO COMPENSATION AGREEMENT BETWEEN JEFFREY A. JOERRES AND THE COMPANY DATED AS OF MAY 1, 2014. - ManpowerGroup Inc.	exhibit_10-1.htm

Exhibit 12.1

STATEMENT REGARDING COMPUTATION

OF RATIO OF EARNINGS TO FIXED CHARGES

MANPOWERGROUP INC.

(in millions)

			6 Months Ended
			June 30, 2014

	Earnings:
	Earnings before income taxes		$	297.2
	Fixed charges			68.6
			$	365.8

	Fixed charges:
	Interest (expensed or capitalized)		$	18.1
	Estimated interest portion of rent expense			50.5
			$	68.6


	Ratio of earnings to fixed charges			5.3

		2013				2012				2011				2010				2009
Earnings:
Earnings before income taxes		$	475.5			$	368.4			$	479.9			$	(165.2	)		$	(22.9	)
Fixed charges			159.7				165.1				170.2				161.9				183.9
		$	635.2			$	533.5			$	650.1			$	(3.3	)		$	161.0

Fixed charges:
Interest (expensed or capitalized)		$	43.2			$	42.5			$	43.1			$	42.4			$	61.7
Estimated interest portion of rent expense			116.5				122.6				127.1				119.5				122.2
		$	159.7			$	165.1			$	170.2			$	161.9			$	183.9

Ratio of earnings to fixed charges			4.0				3.2				3.8				(0.0	)			0.9

Note:	The calculation of ratio of earnings to fixed charges set forth above is in accordance with Regulation S-K, Item 601(b)(12). This calculation is different than the fixed charge ratio that is required by our various borrowing facilities.