Exhibit 12.1
The TJX Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Six Months Ended | — Fiscal Year Ended — | |||||||||||||||||||||||
7/30/2016 | 1/30/16 | 1/31/15 | 2/1/2014 | 2/2/2013 | 1/28/2012 | |||||||||||||||||||
Income from continuing operations: | $1,070.5 | $2,277.7 | $2,215.1 | $2,137.4 | $1,906.7 | $1,496.1 | ||||||||||||||||||
Add Back: | ||||||||||||||||||||||||
Taxes | 669.0 | 1,380.6 | 1,334.8 | 1,182.1 | 1,170.7 | 915.3 | ||||||||||||||||||
Interest expense | 29.5 | 60.3 | 55.4 | 46.1 | 40.8 | 46.7 | ||||||||||||||||||
Interest portion of rent expense | 165.1 | 341.4 | 330.4 | 309.6 | 328.0 | 304.1 | ||||||||||||||||||
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A) Income before taxes and fixed charges | $1,934.1 | $4,060.0 | $3,935.7 | $3,675.2 | $3,446.2 | $2,762.2 | ||||||||||||||||||
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Fixed charges | ||||||||||||||||||||||||
Capitalized Interest | $4.4 | $8.0 | $9.4 | $11.0 | $7.8 | $2.6 | ||||||||||||||||||
Interest expense | 29.5 | 60.3 | 55.4 | 46.1 | 40.8 | 46.7 | ||||||||||||||||||
Interest portion of rent expense | 165.1 | 341.4 | 330.4 | 309.6 | 328.0 | 304.1 | ||||||||||||||||||
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B) Fixed charges | $199.0 | $409.7 | $395.2 | $366.7 | $376.6 | $353.4 | ||||||||||||||||||
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Ratio of earnings to fixed charges (A/B) | 9.72X | 9.91X | 9.96X | 10.02X | 9.15X | 7.82X | ||||||||||||||||||
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