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Content analysis
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Exhibit 12.1
Ratio of Earnings to Fixed Charges
October 31, 2012 | October 31, 2011 | October 31, 2010 | October 31, 2009 | October 31, 2008 | |||||||||||||||
Earnings: | |||||||||||||||||||
Add: | |||||||||||||||||||
Income from continuing operations before taxes and equity income | $ | 1,043 | $ | 1,032 | $ | 692 | $ | 7 | $ | 815 | |||||||||
Fixed Charges | 129 | 113 | 126 | 120 | 153 | ||||||||||||||
Total | $ | 1,172 | $ | 1,145 | $ | 818 | $ | 127 | $ | 968 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | 99 | 84 | 94 | 87 | 106 | ||||||||||||||
Estimate of interest within rental expense | 28 | 27 | 30 | 32 | 30 | ||||||||||||||
Amortization of capitalized expenses related to indebtedness | 2 | 2 | 2 | 1 | 17 | ||||||||||||||
Total | 129 | 113 | 126 | 120 | 153 | ||||||||||||||
Ratio of earnings to fixed charges | 9.09 | 10.13 | 6.49 | 1.06 | 6.33 | ||||||||||||||