Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Old COPPER Company, Inc. | d788418d8k.htm |
| EX-5.1 - EX-5.1 - Old COPPER Company, Inc. | d788418dex51.htm |
| EX-1.1 - EX-1.1 - Old COPPER Company, Inc. | d788418dex11.htm |
| EX-4.1 - EX-4.1 - Old COPPER Company, Inc. | d788418dex41.htm |
| EX-4.2 - EX-4.2 - Old COPPER Company, Inc. | d788418dex42.htm |
Exhibit 12
J. C. PENNEY COMPANY, INC.
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| Six Months Ended August 2, 2014 |
||||
| ($ in millions) | ||||
| Income/(loss) from continuing operations before income taxes |
$ | (520 | ) | |
| Fixed charges: |
||||
| Net interest expense |
203 | |||
| Interest income included in net interest |
— | |||
| Loss on extinguishment of debt, bond premiums and unamortized costs |
— | |||
| Estimated interest within rental expense(1) |
49 | |||
| Capitalized interest |
— | |||
|
|
|
|||
| Total fixed charges: |
252 | |||
| Capitalized interest |
— | |||
|
|
|
|||
| Total earnings available for fixed charges |
$ | (268 | ) | |
| Ratio of earnings to fixed charges |
(1.1 | ) | ||
|
|
|
|||
| Deficiency of earnings to cover fixed charges |
520 | |||
|
|
|
|||
| (1) | Estimate of interest within rental expense is calculated under the assumption that one-third of rent expense is representative of interest costs. |