J M SMUCKER Co - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - November 22, 2016

Attached files

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EX-32 - EXHIBIT 32 - J M SMUCKER Cosjm20161031-10qex32.htm
EX-31.2 - EXHIBIT 31.2 - J M SMUCKER Cosjm20161031-10qex312.htm
EX-31.1 - EXHIBIT 31.1 - J M SMUCKER Cosjm20161031-10qex311.htm
EX-10.2 - EXHIBIT 10.2 - J M SMUCKER Cosjm20161031-10qex102.htm
EX-10.1 - EXHIBIT 10.1 - J M SMUCKER Cosjm20161031-10qex101.htm
10-Q - FORM 10-Q - J M SMUCKER Cosjm20161031-10q.htm


Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)

 
October 31, 2016
 
Three Months Ended
 
Six Months Ended
Earnings before fixed charges:
 
 
 
Income before income taxes
$
265.5

 
$
518.9

Total fixed charges
50.7

 
101.7

Less: capitalized interest
(0.1
)
 
(0.3
)
Earnings available for fixed charges
$
316.1

 
$
620.3

Fixed charges:
 
 
 
Interest and other debt expense, net of capitalized interest
$
41.5

 
$
83.4

Capitalized interest
0.1

 
0.3

Estimated interest portion of rent expense (A)
9.1

 
18.0

Total fixed charges
$
50.7

 
$
101.7

Ratio of earnings to fixed charges
6.2

 
6.1


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



J M SMUCKER Co Reports