Lexmark International 8-K Lexmark prices $400 million debt offering

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Millions, Except Ratios)

	For the Year Ended December 31,
	2008		2009		2010		2011		2012
Earnings:
Net earnings	$	240.2	$	145.9	$	340.0	$	320.9	$	106.3
Provision for income taxes		35.7		41.1		81.5		92.7		51.7
Amortization of capitalized interest		0.1		0.2		0.7		1.2		1.3
Fixed charges excluding interest capitalized		37.9		47.7		50.9		53.2		49.4
Total		313.9		234.9		473.1		468.0		208.7
Fixed Charges:
Interest expense (gross of interest income)		28.9		39.3		41.9		43.3		42.6
Amortization of deferred financing expense		0.7		1.4		2.0		2.0		1.8
Interest capitalized		1.4		3.4		2.1		0.3		0.3
Interest component of rental expense		8.3		7.0		7.0		7.9		5.0
Total		39.3		51.1		53.0		53.5		49.7
Ratio of Earnings to Fixed Charges		8.0		4.6		8.9		8.7		4.2