Exhibit 12.1
DR PEPPER SNAPPLE GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
For the Fiscal Years | |||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Calculation of fixed charges ratio: | |||||||||||||||||||
Income (loss) before provision (benefit) for income taxes, equity in earnings of unconsolidated subsidiaries and cumulative effect of change in accounting policy | $ | 821 | $ | 868 | $ | (375 | ) | $ | 817 | $ | 805 | ||||||||
Add/(deduct): | |||||||||||||||||||
Fixed charges | 147 | 235 | 264 | 274 | 273 | ||||||||||||||
Amortization of capitalized interest | 2 | 2 | 1 | 1 | 1 | ||||||||||||||
Capitalized interest | (3 | ) | (8 | ) | (8 | ) | (6 | ) | (3 | ) | |||||||||
Total earnings available for fixed charges | $ | 967 | $ | 1,097 | $ | (118 | ) | $ | 1,086 | $ | 1,076 | ||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 128 | $ | 243 | $ | 257 | $ | 253 | $ | 257 | |||||||||
Capitalized interest | 3 | 8 | 8 | 6 | 3 | ||||||||||||||
Interest component of rental expense(1) | 16 | 14 | 20 | 15 | 13 | ||||||||||||||
Total fixed charges | $ | 147 | $ | 265 | $ | 285 | $ | 274 | $ | 273 | |||||||||
Ratio of earnings to fixed charges | 6.6x | & nbsp; | 4.3x | — | 4.0x | 3.9x | |||||||||||||
&nb sp; | |||||||||||||||||||
Deficiency in the coverage of earnings to fixed charges | $ | — | $ | — | $ | 403 | $ | — | $ | — |
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(1) | Represents a reasonable estimate of the interest co mponent of rental expense incurred by us. |