Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - J M SMUCKER Co | Financial_Report.xls |
| EX-32 - EX-32 - J M SMUCKER Co | d827012dex32.htm |
| EX-31.2 - EX-31.2 - J M SMUCKER Co | d827012dex312.htm |
| EX-31.1 - EX-31.1 - J M SMUCKER Co | d827012dex311.htm |
| 10-Q - 10-Q - J M SMUCKER Co | d827012d10q.htm |
Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)
| October 31, 2014 | ||||||||
| Three Months Ended | Six Months Ended | |||||||
| Earnings before fixed charges: |
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| Income before income taxes |
$ | 238.9 | $ | 414.4 | ||||
| Total fixed charges |
24.1 | 49.0 | ||||||
| Less: capitalized interest |
(1.2 | ) | (2.5 | ) | ||||
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| Earnings available for fixed charges |
$ | 261.8 | $ | 460.9 | ||||
| Fixed charges: |
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| Interest and other debt expense, net of capitalized interest |
$ | 16.6 | $ | 34.3 | ||||
| Capitalized interest |
1.2 | 2.5 | ||||||
| Estimated interest portion of rent expense (a) |
6.3 | 12.2 | ||||||
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| Total fixed charges |
$ | 24.1 | $ | 49.0 | ||||
| Ratio of earnings to fixed charges |
10.9 | 9.4 | ||||||
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| (a) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense. |