Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - RALPH LAUREN CORP | rl-20160702x10qex321.htm |
| 10-Q - 10-Q - RALPH LAUREN CORP | rl-20160702x10q.htm |
| EX-32.2 - EXHIBIT 32.2 - RALPH LAUREN CORP | rl-20160702x10qex322.htm |
| EX-31.2 - EXHIBIT 31.2 - RALPH LAUREN CORP | rl-20160702x10qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - RALPH LAUREN CORP | rl-20160702x10qex311.htm |
| EX-10.4 - EXHIBIT 10.4 - RALPH LAUREN CORP | rl-20160702x10qex104.htm |
| EX-10.1 - EXHIBIT 10.1 - RALPH LAUREN CORP | rl-20160702x10qex101.htm |
EXHIBIT 12.1
RALPH LAUREN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | Fiscal Years Ended(a) | |||||||||||||||||||||||
July 2, 2016 | April 2, 2016 | March 28, 2015 | March 29, 2014 | March 30, 2013 | March 31, 2012 | |||||||||||||||||||
(millions) | ||||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Income (loss) before income taxes | $ | (33 | ) | $ | 552 | $ | 987 | $ | 1,096 | $ | 1,089 | $ | 1,015 | |||||||||||
Add: | ||||||||||||||||||||||||
Equity in losses of equity-method investees | 2 | 11 | 11 | 9 | 10 | 9 | ||||||||||||||||||
Fixed charges | 42 | 178 | 172 | 170 | 162 | 164 | ||||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Income attributable to noncontrolling interests | — | — | — | — | 1 | — | ||||||||||||||||||
Earnings available to cover fixed charges | $ | 11 | $ | 741 | $ | 1,170 | $ | 1,275 | $ | 1,260 | $ | 1,188 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 3 | $ | 21 | $ | 17 | $ | 19 | $ | 19 | $ | 22 | ||||||||||||
Interest component of rent expense | 39 | 157 | 155 | 151 | 143 | 142 | ||||||||||||||||||
Total fixed charges | $ | 42 | $ | 178 | $ | 172 | $ | 170 | $ | 162 | $ | 164 | ||||||||||||
Ratio of earnings to fixed charges(b) | 0.3 | 4.2 | 6.8 | 7.5 | 7.8 | 7.3 | ||||||||||||||||||
(a) | Fiscal 2016 consisted of 53 weeks. All other fiscal years presented consisted of 52 weeks. |
(b) | All ratios shown in the above table have been calculated using unrounded numbers. |