ManpowerGroup Inc. - FORM 10-Q - EX-12.1 - STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 5, 2011

Attached files

file	filename
EX-10.3 - SEVERANCE AGREEMENT BETWEEN HANS LEENTJES AND MANPOWER INC. DATED AS OF FEBRUARY 16, 2011 - ManpowerGroup Inc.	ex10-3.htm
EX-10.1 - SEVERANCE AGREEMENT BETWEEN DARRYL GREEN AND MANPOWER INC. DATED AS OF DECEMBER 31, 2011 - ManpowerGroup Inc.	ex10-1.htm
EX-10.5 - FORM OF 2011 PERFORMANCE SHARE UNIT AGREEMENT - ManpowerGroup Inc.	ex10-5.htm
EX-32.1 - STATEMENT OF JEFFREY A. JOERRES - ManpowerGroup Inc.	ex32_1.htm
EX-31.2 - CERTIFICATION OF MICHAEL J. VAN HANDEL - ManpowerGroup Inc.	ex31_2.htm
EX-10.4 - SEVERANCE AGREEMENT BETWEEN KENNETH HUNT AND MANPOWER INC. DATED AS OF FEBRUARY 17, 2011 - ManpowerGroup Inc.	ex10-4.htm
EX-31.1 - CERTIFICATION OF JEFFREY A. JOERRES - ManpowerGroup Inc.	ex31_1.htm
EX-32.2 - STATEMENT OF MICHAEL J. VAN HANDEL - ManpowerGroup Inc.	ex32_2.htm
EXCEL - IDEA: XBRL DOCUMENT - ManpowerGroup Inc.	Financial_Report.xls
10-Q - FORM 10-Q - ManpowerGroup Inc.	form10q.htm
EX-10.2 - OFFER LETTER AGREEMENT BETWEEN HANS LEENTJES AND MANPOWER INC. DATED AS OF JANUARY 10, 2011 - ManpowerGroup Inc.	ex10-2.htm

Exhibit 12.1

STATEMENT REGARDING COMPUTATION

OF RATIO OF EARNINGS TO FIXED CHARGES

MANPOWER INC.

(d/b/a ManpowerGroup)

(in millions)

			3 Months Ended
			March 31, 2011

	Earnings:
	Earnings before income taxes		$	74.5
	Fixed charges			40.5
			$	115.0

	Fixed charges:
	Interest (expensed or capitalized)		$	10.2
	Estimated interest portion of rent expense			30.3
			$	40.5


	Ratio of earnings to fixed charges			2.8

		2010				2009				2008				2007				2006
Earnings:
Earnings before income taxes from continuing operations		$	(165.2	)		$	(22.9	)		$	442.6			$	777.0			$	481.9
Fixed charges			161.9				183.9				200.9				185.2				162.8
		$	(3.3	)		$	161.0			$	643.5			$	962.2			$	644.7

Fixed charges:
Interest (expensed or capitalized)		$	42.4			$	61.7			$	64.2			$	65.0			$	54.1
Estimated interest portion of rent expense			119.5				122.2				136.7				120.2				108.7
		$	161.9			$	183.9			$	200.9			$	185.2			$	162.8

Ratio of earnings to fixed charges			(0.0	)			0.9				3.2				5.2				4.0

Note:	The calculation of ratio of earnings to fixed charges set forth above is in accordance with Regulation S-K, Item 601(b)(12). This calculation is different than the fixed charge ratio that is required by our various borrowing facilities.
	Our 2008 and 2007 results have been restated as disclosed in Note 16 to the Consolidated Financial Statements included in our 2009 Annual Report to Shareholders.