Attached files
| file | filename |
|---|---|
| EX-5.2 - EX-5.2 - STRYKER CORP | d518544dex52.htm |
| EX-5.1 - EX-5.1 - STRYKER CORP | d518544dex51.htm |
| EX-4.2 - EX-4.2 - STRYKER CORP | d518544dex42.htm |
| 8-K - FORM 8-K - STRYKER CORP | d518544d8k.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in millions)
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| Earnings from continuing operations before income taxes (public data) |
$ | 2,063 | $ | 1,921 | $ | 1,735 | $ | 1,160 | $ | 1,212 | ||||||||||
| Plus fixed charges: |
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| Interest expense (1) |
246.6 | 227.6 | 107.7 | 113.0 | 83.7 | |||||||||||||||
| Rental interest factor |
38.3 | 36.3 | 38.0 | 34.3 | 33.3 | |||||||||||||||
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| Total fixed charges: |
284.9 | 263.9 | 145.7 | 147.3 | 117.0 | |||||||||||||||
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| Earnings from continuing operations before income taxes and fixed charges |
$ | 2,347.9 | $ | 2,184.9 | $ | 1,880.7 | $ | 1,307.3 | $ | 1,329.0 | ||||||||||
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| Ratio of earnings to fixed charges |
8.2 | 8.3 | 12.9 | 8.9 | 11.4 | |||||||||||||||
| Total rental expense |
125.4 | 111.8 | 100.8 | 103.0 | 100.0 | |||||||||||||||
| Interest factor |
30.5 | % | 32.5 | % | 38.0 | % | 34.3 | % | 33.3 | % | ||||||||||
| (1) Interest costs consist of interest on indebtedness, amortization of fees and debt prepayment fees, forward points on interest rate hedges. Interest on uncertain tax positions in accordance with Accounting Standards Codification (“ASC”) 740, Income Taxes has been excluded. |
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| Interest Expense on debt & credit facilities |
244.3 | 225.4 | 105.1 | 108.9 | 83.0 | |||||||||||||||
| Plus: Amortization of fees |
2.1 | 2.0 | 1.3 | 1.2 | 0.7 | |||||||||||||||
| Hedging forward points |
0.2 | 0.2 | 1.3 | 2.9 | — | |||||||||||||||
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| 246.6 | 227.6 | 107.7 | 113.0 | 83.7 | ||||||||||||||||
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