Attached files

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EXCEL - IDEA: XBRL DOCUMENT - J M SMUCKER CoFinancial_Report.xls
EX-32 - EX-32 - J M SMUCKER Cod827012dex32.htm
EX-31.2 - EX-31.2 - J M SMUCKER Cod827012dex312.htm
EX-31.1 - EX-31.1 - J M SMUCKER Cod827012dex311.htm
10-Q - 10-Q - J M SMUCKER Cod827012d10q.htm

Exhibit 12.1

The J. M. Smucker Company

Computation of Ratio of Earnings to Fixed Charges

(in millions of dollars)

 

     October 31, 2014  
     Three Months Ended     Six Months Ended  

Earnings before fixed charges:

    

Income before income taxes

   $ 238.9      $ 414.4   

Total fixed charges

     24.1        49.0   

Less: capitalized interest

     (1.2     (2.5
  

 

 

   

 

 

 

Earnings available for fixed charges

   $ 261.8      $ 460.9   

Fixed charges:

    

Interest and other debt expense, net of capitalized interest

   $ 16.6      $ 34.3   

Capitalized interest

     1.2        2.5   

Estimated interest portion of rent expense (a)

     6.3        12.2   
  

 

 

   

 

 

 

Total fixed charges

   $ 24.1      $ 49.0   

Ratio of earnings to fixed charges

     10.9        9.4   
  

 

 

   

 

 

 

 

(a) For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense.