Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - STANLEY BLACK & DECKER, INC. | d637948d8k.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - STANLEY BLACK & DECKER, INC. | d637948dex11.htm |
| EX-1.2 - UNDERWRITING AGREEMENT - STANLEY BLACK & DECKER, INC. | d637948dex12.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the nine months ended September 28, 2013 and the fiscal years ended December 29,
2012, December 31, 2011, January 1, 2011, January 2, 2010, and January 3, 2009
(Millions of Dollars)
| Fiscal Year | ||||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
| Earnings from continuing operations before income taxes and non-controlling interest |
$ | 532.2 | $ | 542.2 | $ | 658.8 | $ | 170.3 | $ | 259.6 | $ | 267.8 | ||||||||||||
| Add: |
||||||||||||||||||||||||
| Interest expense |
118.6 | 144.2 | 140.4 | 109.8 | 63.5 | 91.9 | ||||||||||||||||||
| Portion of rents representative of interest factor |
10.7 | 14.6 | 14.6 | 17.4 | 5.8 | 8.0 | ||||||||||||||||||
| Distributed income of equity investees |
— | — | 2.8 | 3.5 | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Income as adjusted |
$ | 661.5 | 701.0 | $ | 816.6 | $ | 301.0 | $ | 328.9 | $ | 367.7 | |||||||||||||
| Fixed charges: |
||||||||||||||||||||||||
| Interest expense |
$ | 118.6 | $ | 144.2 | $ | 140.4 | $ | 109.8 | $ | 63.5 | $ | 91.9 | ||||||||||||
| Portion of rents representative of interest factor |
10.7 | 14.6 | 14.6 | 17.4 | 5.8 | 8.0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fixed charges |
$ | 129.3 | $ | 158.8 | $ | 155.0 | $ | 127.2 | $ | 69.3 | $ | 99.9 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of earnings to fixed charges |
5.1 | 4.4 | 5.3 | 2.4 | 4.7 | 3.7 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||