Attached files

file filename
EX-21 - EXHIBIT 21 - ManpowerGroup Inc.a10k2015exhibit21.htm
EX-13 - EXHIBIT 13 - ManpowerGroup Inc.a10k2015exhibit13.htm
EX-23.1 - EXHIBIT 23.1 - ManpowerGroup Inc.a10k2015exhibit231.htm
EX-31.2 - EXHIBIT 31.2 - ManpowerGroup Inc.a10k2015exhibit312.htm
EX-32.1 - EXHIBIT 32.1 - ManpowerGroup Inc.a10k2015exhibit321.htm
EX-32.2 - EXHIBIT 32.2 - ManpowerGroup Inc.a10k2015exhibit322.htm
EX-31.1 - EXHIBIT 31.1 - ManpowerGroup Inc.a10k2015exhibit311.htm
EX-10.7(C) - EXHIBIT 10.7(C) - ManpowerGroup Inc.a10k2015exhibit107c.htm
EX-10.10(C) - EXHIBIT 10.10(C) - ManpowerGroup Inc.a10k2015exhibit1010c.htm
10-K - 10-K - ManpowerGroup Inc.man-123115x10k.htm
EX-24 - EXHIBIT 24 - ManpowerGroup Inc.a10k2015exhibit24.htm
EX-10.10(I) - EXHIBIT 10.10(I) - ManpowerGroup Inc.a10k2015exhibit1010i.htm
EX-10.10(B) - EXHIBIT 10.10(B) - ManpowerGroup Inc.a10k2015exhibit1010b.htm


Exhibit 12.1
 
STATEMENT REGARDING COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
 
MANPOWERGROUP INC.
(in millions)



 
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings:
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes
 
$
660.7

 
$
681.6

 
$
475.5

 
$
368.4

 
$
479.9

Fixed charges
 
118.4

 
133.6

 
159.7

 
165.1

 
170.2

 
 
$
779.1

 
$
815.2

 
$
635.2

 
$
533.5

 
$
650.1

Fixed charges:
 
 

 
 

 
 

 
 

 
 

Interest (expensed or capitalized)
 
$
38.6

 
$
35.1

 
$
43.2

 
$
42.5

 
$
43.1

Estimated interest portion of rent expense
 
79.8

 
98.5

 
116.5

 
122.6

 
127.1

 
 
$
118.4

 
$
133.6

 
$
159.7

 
$
165.1

 
$
170.2

Ratio of earnings to fixed charges
 
6.6

 
6.1

 
4.0

 
3.2

 
3.8


 
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.