ManpowerGroup Inc. - FORM 10-K - EX-12.1 - STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. - February 20, 2015

Attached files

file	filename
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
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP. - ManpowerGroup Inc.	exhibit_23-1.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-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-10.10C - MANPOWERGROUP INC. COMPENSATION FOR NON-EMPLOYEE DIRECTORS (AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2015). - ManpowerGroup Inc.	exhibit_10-10c.htm
EX-10.12B - LETTER AGREEMENT BETWEEN RAM CHANDRASHEKAR AND THE COMPANY DATED MARCH 8, 2013. - ManpowerGroup Inc.	exhibit_10-12b.htm
EX-10.10B - TERMS AND CONDITIONS REGARDING THE GRANT OF AWARDS TO NON-EMPLOYEE DIRECTORS UNDER THE 2011 EQUITY INCENTIVE PLAN (AMENDED AND RESTATED JANUARY 1, 2015). - ManpowerGroup Inc.	exhibit_10-10b.htm
EX-10.12A - SEVERANCE AGREEMENT BETWEEN RAM CHANDRASHEKAR AND THE COMPANY DATED FEBRUARY 13, 2013. - ManpowerGroup Inc.	exhibit_10-12a.htm
EX-24 - POWER OF ATTORNEY. - ManpowerGroup Inc.	exhibit_24.htm
EX-21 - SUBSIDIARIES OF THE COMPANY. - ManpowerGroup Inc.	exhibit_21.htm
EX-13 - 2014 ANNUAL REPORT TO SHAREHOLDERS. - ManpowerGroup Inc.	exhibit_13.htm
EX-10.11O - 2013 PERFORMANCE SHARE UNIT AGREEMENT FOR RAM CHANDRASHEKAR. - ManpowerGroup Inc.	exhibit_10-11o.htm
EXCEL - IDEA: XBRL DOCUMENT - ManpowerGroup Inc.	Financial_Report.xls
10-K - 2014 FORM 10-K - ManpowerGroup Inc.	form10_k.htm
EX-32.1 - STATEMENT OF JONAS PRISING, CHIEF EXECUTIVE OFFICER, PURSUANT TO 18 U.S.C. SS. 1350. - ManpowerGroup Inc.	exhibit_32-1.htm

Exhibit 12.1

STATEMENT REGARDING COMPUTATION

OF RATIO OF EARNINGS TO FIXED CHARGES

MANPOWERGROUP INC.

(in millions)

		2014				2013				2012				2011				2010
Earnings:
Earnings before income taxes		$	681.6			$	475.5			$	368.4			$	479.9			$	(165.2	)
Fixed charges			133.6				159.7				165.1				170.2				161.9
		$	815.2			$	635.2			$	533.5			$	650.1			$	(3.3	)

Fixed charges:
Interest (expensed or capitalized)		$	35.1			$	43.2			$	42.5			$	43.1			$	42.4
Estimated interest portion of rent expense			98.5				116.5				122.6				127.1				119.5
		$	133.6			$	159.7			$	165.1			$	170.2			$	161.9

Ratio of earnings to fixed charges			6.1				4.0				3.2				3.8				(0.0	)


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.