TYSON FOODS, INC. - FORM 10-Q - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES

file	filename
EX-10.7 - STOCK OPTION AWARD - NON-CONTRACTED TEAM MEMBER - TYSON FOODS, INC.	exhibit107stockoptionaward.htm
10-Q - 10-Q - TYSON FOODS, INC.	tsn2017q110q.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - TYSON FOODS, INC.	tsn2017q1exh-322.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - TYSON FOODS, INC.	tsn2017q1exh-321.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - TYSON FOODS, INC.	tsn2017q1exh-312.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - TYSON FOODS, INC.	tsn2017q1exh-311.htm
EX-10.6 - STOCK OPTION - CONTRACTED TEAM MEMBER - TYSON FOODS, INC.	exhibit106stockoptionaward.htm
EX-10.5 - RESTRICTED STOCK AWARD - NON-CONTRACTED TEAM MEMBER - TYSON FOODS, INC.	exhibit105restrictedstocka.htm
EX-10.4 - RESTRICTED STOCK AWARD - CONTRACTED TEAM MEMBER - TYSON FOODS, INC.	exhibit104restrictedstocka.htm
EX-10.3 - RESTRICTED STOCK AWARD WITH PERFORMANCE CRITERIA - TYSON FOODS, INC.	exhibit103restrictedstocka.htm
EX-10.2 - PERFORMANCE SHARES - EBIT - TYSON FOODS, INC.	exhibit102performanceshare.htm
EX-10.1 - PERFORMANCE SHARES - RELATIVE TOTAL SHAREHOLDER RETURN - TYSON FOODS, INC.	exhibit101performanceshare.htm

EXHIBIT 12.1

Ratio of Earnings to Fixed Charges





										(dollars in millions)
	3 Months Ending			Fiscal Years
	December 31, 2016			2016			2015			2014			2013
Earnings:
Income from continuing operations before income taxes and equity method investment earnings	$	909		$	2,586		$	1,908		$	1,241		$	1,254
Add: Fixed charges	74			313			358			194			219
Add: Amortization of capitalized interest	2			7			5			5			5
Less: Capitalized interest	(2		)	(7		)	(10		)	(8		)	(8		)
Total adjusted earnings	983			2,899			2,261			1,432			1,470
Fixed Charges:
Interest	56			241			283			122			116
Capitalized interest	2			7			10			8			8
Amortization of debt discount expense	2			8			10			10			28
Rentals at computed interest factor ⁽¹⁾	14			57			55			54			67
Total fixed charges	$	74		$	313		$	358		$	194		$	219

Ratio of Earnings to Fixed Charges	13.28			9.26			6.32			7.38			6.71


⁽¹⁾	Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs.

TYSON FOODS, INC. - FORM 10-Q - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - February 6, 2017