Attached files

file filename
10-K - FORM 10-K - BARD C R INC /NJ/d91981d10k.htm
EX-21 - EX-21 - BARD C R INC /NJ/d91981dex21.htm
EX-31.1 - EX-31.1 - BARD C R INC /NJ/d91981dex311.htm
EX-23.1 - EX-23.1 - BARD C R INC /NJ/d91981dex231.htm
EX-32.2 - EX-32.2 - BARD C R INC /NJ/d91981dex322.htm
EX-31.2 - EX-31.2 - BARD C R INC /NJ/d91981dex312.htm
EX-32.1 - EX-32.1 - BARD C R INC /NJ/d91981dex321.htm
EX-10.42 - EX-10.42 - BARD C R INC /NJ/d91981dex1042.htm

Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges

 

(dollars in millions)    2015      2014      2013     2012     2011  

Earnings from operations before taxes

   $ 349.4       $ 445.8       $ 1,213.4      $ 732.4      $ 510.8   

Add (Deduct):

            

Fixed charges

     52.8         52.9         52.4        46.1        42.7   

Undistributed earnings of equity investments

     0.4         0.3         (1.0     (9.6     (3.8
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges

   $ 402.6       $ 499.0       $ 1,264.8      $ 768.9      $ 549.7   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Fixed charges:

            

Interest, including amounts capitalized(1)

   $ 44.9       $ 44.8       $ 45.0      $ 39.6      $ 36.4   

Proportion of rent expense deemed to represent interest factor

     7.9         8.1         7.4        6.5        6.3   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 52.8       $ 52.9       $ 52.4      $ 46.1      $ 42.7   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     7.63         9.43         24.14        16.68        12.87   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

 

(1)  Interest related to unrecognized tax benefits is included as income tax expense and not included in fixed charges.

 

Exhibit 12.1