Attached files
| file | filename |
|---|---|
| EX-5.4 - EXHIBIT 5.4 - BECTON DICKINSON & CO | s002291x1_ex5-4.htm |
| EX-5.3 - EXHIBIT 5.3 - BECTON DICKINSON & CO | s002291x1_ex5-3.htm |
| EX-5.2 - EXHIBIT 5.2 - BECTON DICKINSON & CO | s002291x1_ex5-2.htm |
| EX-5.1 - EXHIBIT 5.1 - BECTON DICKINSON & CO | s002291x1_ex5-1.htm |
| EX-4.2 - EXHIBIT 4.2 - BECTON DICKINSON & CO | s002291x1_ex4-2.htm |
| EX-4.1 - EXHIBIT 4.1 - BECTON DICKINSON & CO | s002291x1_ex4-1.htm |
| 8-K - FORM 8-K - BECTON DICKINSON & CO | s002291x1_8k.htm |
Exhibit 12.1
Becton, Dickinson and Company
Computation of Ratio of Earnings to Fixed Charges
(All Amounts in Millions Except for the Ratio of Earnings to Fixed Charges)
|
Six Months Ended March 31,
|
Year Ended September 30
|
|||||||||||||||||||||||
|
Historical
2017
|
Historical
2017
|
Historical
2016
|
Historical
2015
|
Historical
2014
|
Historical
2013
|
|||||||||||||||||||
|
Earnings:
|
||||||||||||||||||||||||
|
Income from Continuing Operations Before Inc. Tax
|
$
|
111
|
$
|
976
|
$
|
1,074
|
$
|
739
|
$
|
1,522
|
$
|
1,165
|
||||||||||||
|
Interest Capitalized, Net (1)
|
(8
|
)
|
(7
|
)
|
(3
|
)
|
(5
|
)
|
(10
|
)
|
(11
|
)
|
||||||||||||
|
Minority Interest
|
31
|
40
|
-
|
-
|
-
|
-
|
||||||||||||||||||
|
Fixed Charges
|
382
|
590
|
455
|
431
|
191
|
194
|
||||||||||||||||||
|
Earnings as Adjusted
|
$
|
516
|
$
|
1,599
|
$
|
1,526
|
$
|
1,165
|
$
|
1,703
|
$
|
1,348
|
||||||||||||
|
Fixed Charges:
|
||||||||||||||||||||||||
|
Interest Cost (2)
|
$
|
364
|
$
|
553
|
$
|
418
|
$
|
401
|
$
|
167
|
$
|
171
|
||||||||||||
|
Interest Allocable to Rental Expenses (3)
|
18
|
37
|
37
|
30
|
24
|
23
|
||||||||||||||||||
|
Fixed Charges
|
$
|
382
|
$
|
590
|
$
|
455
|
$
|
431
|
$
|
191
|
$
|
194
|
||||||||||||
|
Ratio of Earnings to Fixed Charges
|
1.4
|
2.7
|
3.4
|
2.7
|
8.9
|
6.9
|
||||||||||||||||||
(1) Includes amortization of capitalized interest less interest capitalized for the period.
(2) Includes amortization of debt expense.
(3) Portion of rent expense representing interest.