Exhibit 12.1
Mead Johnson Nutrition Company
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Millions)
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Year Ended December 31, |
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2013 |
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2012 |
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2011 |
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2010 |
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2009 |
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Earnings before income taxes |
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874.0 |
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805.0 |
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721.9 |
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634.3 |
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587.0 |
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Fixed Charges |
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72.8 |
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79.0 |
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67.5 |
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60.6 |
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101.3 |
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Subtotal |
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946.8 |
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884.0 |
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789.4 |
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694.9 |
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688.3 |
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Less: Capitalized Interest |
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(5.7 |
) |
(0.6 |
) |
(0.2 |
) |
(2.6 |
) |
(0.9 |
) |
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Total Earnings |
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941.1 |
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883.4 |
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789.2 |
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692.3 |
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687.4 |
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Fixed Charges: |
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Interest Expense |
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64.9 |
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71.5 |
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60.4 |
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55.8 |
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96.8 |
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Estimated interest with rental expense |
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7.9 |
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7.5 |
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7.1 |
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4.8 |
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4.5 |
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Total Fixed Charges |
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72.8 |
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79.0 |
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67.5 |
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60.6 |
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101.3 |
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Ratio of Earnings to Fixed Charges |
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12.9 |
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11.2 |
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11.7 |
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11.4 |
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6.8 |
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