Attached files
EXHIBIT 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
for the fiscal years ended September 30, | ||||||||||||||||||||
Income before taxes excluding income (losses) from equity method investees | $ | 2,441.2 | $ | 2,443.1 | $ | 3,091.6 | $ | 3,341.5 | $ | 2,952.6 | ||||||||||
Additions: | ||||||||||||||||||||
Dividends received from equity method investees | 9.5 | 10.9 | 21.9 | 13.3 | 18.8 | |||||||||||||||
Interest on uncertain tax positions included in income before taxes | 1.6 | (1.3 | ) | (6.6 | ) | 2.4 | 1.0 | |||||||||||||
Fixed charges | ||||||||||||||||||||
Interest expense excluding interest on deposits | 51.5 | 49.9 | 39.6 | 47.4 | 48.9 | |||||||||||||||
Interest expense on deposits | — | — | — | 0.2 | 1.2 | |||||||||||||||
Interest on uncertain tax positions not related to third party | (1.6 | ) | 1.3 | 6.6 | (2.4 | ) | (1.0 | ) | ||||||||||||
Interest factor on rent 1 | 18.8 | 23.1 | 19.3 | 19.4 | 19.1 | |||||||||||||||
Total fixed charges | 68.7 | 74.3 | 65.5 | 64.6 | 68.2 | |||||||||||||||
Adjusted earnings | $ | 2,521.0 | $ | 2,527.0 | $ | 3,172.4 | $ | 3,421.8 | $ | 3,040.6 | ||||||||||
Ratio of adjusted earnings to fixed charges including interest on deposits | 36.7 | 34.0 | 48.4 | 53.0 | 44.6 | |||||||||||||||
Ratio of adjusted earnings to fixed charges excluding interest on deposits | 36.7 | 34.0 | 48.4 | 53.1 | 45.4 |
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1 Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest).