Hospira 10-Q 2012 Q3 Quarterly report

Exhibit 12.1

Hospira, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(dollars in millions except ratios)

	Nine Months Ended
	September 30, 2012
Loss from Continuing Operations Before Taxes	$	(49.1	)
Add:
One-third of rents	9.7
Interest expense	64.3
Amortization of capitalized interest	5.3
Earnings from Continuing Operations	$	30.2
Fixed charges:
One-third of rents	$	9.7
Interest expense	64.3
Interest capitalized	13.4
Fixed Charges from Continuing Operations	$	87.4
Ratio of Earnings to Fixed Charges from Continuing Operations	0.3

For purposes of computing this ratio, “earnings” consist of income (loss) from continuing operations before taxes, one-third of rents (deemed by Hospira to be representative of the interest factor inherent in rents), interest expense and amortization of capitalized interest.  “Fixed charges” consist of one-third of rents, interest expense and interest capitalized.