Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - RALPH LAUREN CORP | Financial_Report.xls |
| EX-32.1 - EXHIBIT 32.1 - RALPH LAUREN CORP | rl-20141227x10qex321.htm |
| EX-32.2 - EXHIBIT 32.2 - RALPH LAUREN CORP | rl-20141227x10qex322.htm |
| EX-31.1 - EXHIBIT 31.1 - RALPH LAUREN CORP | rl-20141227x10qex311.htm |
| 10-Q - 10-Q - RALPH LAUREN CORP | rl-20141227x10q.htm |
| EX-31.2 - EXHIBIT 31.2 - RALPH LAUREN CORP | rl-20141227x10qex312.htm |
EXHIBIT 12.1
RALPH LAUREN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | Fiscal Years Ended | ||||||||||||||||||||||
December 27, 2014 | March 29, 2014 | March 30, 2013 | March 31, 2012 | April 2, 2011 | April 3, 2010 | ||||||||||||||||||
(millions) | |||||||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||
Income before provision for income taxes | $ | 814 | $ | 1,096 | $ | 1,089 | $ | 1,015 | $ | 825 | $ | 689 | |||||||||||
Add: | |||||||||||||||||||||||
Equity in losses of equity-method investees | 9 | 9 | 10 | 9 | 8 | 6 | |||||||||||||||||
Fixed charges | 128 | 170 | 162 | 164 | 124 | 111 | |||||||||||||||||
Subtract: | |||||||||||||||||||||||
Income attributable to noncontrolling interests | — | — | 1 | — | — | — | |||||||||||||||||
Earnings available to cover fixed charges | $ | 951 | $ | 1,275 | $ | 1,260 | $ | 1,188 | $ | 957 | $ | 806 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense | $ | 12 | $ | 19 | $ | 19 | $ | 22 | $ | 18 | $ | 22 | |||||||||||
Interest component of rent expense | 116 | 151 | 143 | 142 | 106 | 89 | |||||||||||||||||
Total fixed charges | $ | 128 | $ | 170 | $ | 162 | $ | 164 | $ | 124 | $ | 111 | |||||||||||
Ratio of earnings to fixed charges(a) | 7.4 | 7.5 | 7.8 | 7.3 | 7.7 | 7.2 | |||||||||||||||||
(a) | All ratios shown in the above table have been calculated using unrounded numbers. |