Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - RALPH LAUREN CORP | rl-20150627x10q.htm |
| EX-14.1 - EXHIBIT 14.1 - RALPH LAUREN CORP | rl-20150627x10qex141.htm |
| EX-32.1 - EXHIBIT 32.1 - RALPH LAUREN CORP | rl-20150627x10qex321.htm |
| EX-31.2 - EXHIBIT 31.2 - RALPH LAUREN CORP | rl-20150627x10qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - RALPH LAUREN CORP | rl-20150627x10qex311.htm |
| EX-10.1 - EXHIBIT 10.1 - RALPH LAUREN CORP | rl-20150627x10qex101.htm |
| EX-32.2 - EXHIBIT 32.2 - RALPH LAUREN CORP | rl-20150627x10qex322.htm |
EXHIBIT 12.1
RALPH LAUREN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | Fiscal Years Ended | |||||||||||||||||||||||
June 27, 2015 | March 28, 2015 | March 29, 2014 | March 30, 2013 | March 31, 2012 | April 2, 2011 | |||||||||||||||||||
(millions) | ||||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Income before provision for income taxes | $ | 90 | $ | 987 | $ | 1,096 | $ | 1,089 | $ | 1,015 | $ | 825 | ||||||||||||
Add: | ||||||||||||||||||||||||
Equity in losses of equity-method investees | 3 | 11 | 9 | 10 | 9 | 8 | ||||||||||||||||||
Fixed charges | 42 | 172 | 170 | 162 | 164 | 124 | ||||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Income attributable to noncontrolling interests | — | — | — | 1 | — | — | ||||||||||||||||||
Earnings available to cover fixed charges | $ | 135 | $ | 1,170 | $ | 1,275 | $ | 1,260 | $ | 1,188 | $ | 957 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 4 | $ | 17 | $ | 19 | $ | 19 | $ | 22 | $ | 18 | ||||||||||||
Interest component of rent expense | 38 | 155 | 151 | 143 | 142 | 106 | ||||||||||||||||||
Total fixed charges | $ | 42 | $ | 172 | $ | 170 | $ | 162 | $ | 164 | $ | 124 | ||||||||||||
Ratio of earnings to fixed charges(a) | 3.2 | 6.8 | 7.5 | 7.8 | 7.3 | 7.7 | ||||||||||||||||||
(a) | All ratios shown in the above table have been calculated using unrounded numbers. |