Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - J M SMUCKER Co | sjm20171031-10qex32.htm |
| EX-31.2 - EXHIBIT 31.2 - J M SMUCKER Co | sjm20171031-10qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - J M SMUCKER Co | sjm20171031-10qex311.htm |
| 10-Q - 10-Q - J M SMUCKER Co | sjm20171031-10q.htm |
Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)
October 31, 2017 | |||||||
Three Months Ended | Six Months Ended | ||||||
Earnings before fixed charges: | |||||||
Income before income taxes | $ | 291.8 | $ | 480.8 | |||
Total fixed charges | 50.7 | 101.3 | |||||
Less: Capitalized interest | (0.4 | ) | (0.8 | ) | |||
Earnings available for fixed charges | $ | 342.1 | $ | 581.3 | |||
Fixed charges: | |||||||
Interest and other debt expense, net of capitalized interest | $ | 42.2 | $ | 84.7 | |||
Capitalized interest | 0.4 | 0.8 | |||||
Estimated interest portion of rent expense (A) | 8.1 | 15.8 | |||||
Total fixed charges | $ | 50.7 | $ | 101.3 | |||
Ratio of earnings to fixed charges | 6.7 | 5.7 | |||||
(A) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense. |