J M SMUCKER Co - FORM 10-Q - EX-12.1 - March 3, 2016

Attached files

file filename
10-Q - FORM 10-Q - J M SMUCKER Cosjm2016131-10q.htm
EX-31.2 - EX-31.2 - J M SMUCKER Cosjm2016131-10qex312x03.htm
EX-32 - EX-32 - J M SMUCKER Cosjm2016131-10qex32x04.htm
EX-31.1 - EX-31.1 - J M SMUCKER Cosjm2016131-10qex311x02.htm


Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)

 
January 31, 2016
 
Three Months Ended
 
Nine Months Ended
Earnings before fixed charges:
 
 
 
Income before income taxes
$
275.3

 
$
767.7

Total fixed charges
49.2

 
148.4

Less: capitalized interest
(0.2
)
 
(0.8
)
Earnings available for fixed charges
$
324.3

 
$
915.3

Fixed charges:
 
 
 
Interest and other debt expense, net of capitalized interest
$
44.1

 
$
131.9

Capitalized interest
0.2

 
0.8

Estimated interest portion of rent expense (A)
4.9

 
15.7

Total fixed charges
$
49.2

 
$
148.4

Ratio of earnings to fixed charges
6.6

 
6.2


(A)
For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense.



J M SMUCKER Co Reports