EXHIBIT 12.1
BROWN-FORMAN CORPORATION
Computation of Ratios of Earnings to Fixed Charges
(Dollars in millions)
Six | ||||||||||||||||||||||||
Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
Year Ended April 30 | October | |||||||||||||||||||||||
2006 | 2007 | 2008 | 2009 | 2010 | 31, 2010 | |||||||||||||||||||
Earnings available for fixed charges | $ | 584.0 | $ | 626.5 | $ | 698.4 | $ | 673.0 | $ | 721.0 | $ | 413.1 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest incurred | $ | 20.0 | $ | 36.1 | $ | 49.7 | $ | 36.0 | $ | 32.3 | $ | 14.1 | ||||||||||||
Portion of rent expense deemed to represent interest factor | 5.1 | 6.2 | 6.3 | 7.1 | 7.5 | 3.4 | ||||||||||||||||||
Fixed charges | $ | 25.1 | $ | 42.3 | $ | 56.0 | $ | 43.1 | $ | 39.8 | $ | 17.5 | ||||||||||||
Ratio of earnings to fixed charges | 23.2 | x | 14.8 | x | 12.5 | x | 15.6 | x | 18.1 | x | 23.6 | x |