Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - BROWN FORMAN CORPFinancial_Report.xls
EX-21 - EXHIBIT 21 - BROWN FORMAN CORPbfb-ex21_2015430x10k.htm
EX-31.1 - EXHIBIT 31.1 - BROWN FORMAN CORPbfb-ex311_2015430x10k.htm
EX-23 - EXHIBIT 23 - BROWN FORMAN CORPbfb-ex23_2015430x10k.htm
EX-32 - EXHIBIT 32 - BROWN FORMAN CORPbfb-ex32_2015430x10k.htm
10-K - 10-K - BROWN FORMAN CORPbfb-2015430x10k.htm
EX-31.2 - EXHIBIT 31.2 - BROWN FORMAN CORPbfb-ex312_2015430x10k.htm


Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our historical ratio of earnings to fixed charges for the periods indicated. Earnings consist of income from continuing operations before income taxes, excluding undistributed minority interest in income of affiliates and fixed charges. Fixed charges consist of interest charges, whether expensed or capitalized and is inclusive of that portion of tax reserves we believe to be representative of interest and that portion of rental expense we believe to be representative of interest.
 
For the Years Ended April 30,
 
2011
 
2012
 
2013
 
2014
 
2015
Ratio of earnings to fixed charges
22.3x
 
22.1x
 
20.9x
 
26.9x
 
28.1x