Exhibit 12.1
FORTUNE BRANDS HOME & SECURITY, INC. AND SUBSIDIARIES
COMPUTATIONS OF RATIO OF
EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
Three Months Ended | Twelve Months Ended | |||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||||||
Income from continuing operations before taxes | $ | 107.5 | $ | 634.8 | $ | 582.1 | $ | 459.9 | $ | 391.9 | $ | 310.5 | ||||||||||||
Add fixed charges included in earnings: | ||||||||||||||||||||||||
Interest expense | $ | 14.6 | 49.4 | 49.1 | 31.9 | 10.5 | 7.0 | |||||||||||||||||
Interest element of rentals** | 4.0 | 14.0 | 14.5 | 11.6 | 13.0 | 12.3 | ||||||||||||||||||
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Total | 18.6 | 63.4 | 63.6 | 43.5 | 23.5 | 19.3 | ||||||||||||||||||
Total earnings available for fixed charges | $ | 126.1 | 698.2 | 645.7 | 503.4 | 415.4 | 329.8 | |||||||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Fixed charges included in earnings | $ | 18.6 | 63.4 | 63.6 | 43.5 | 23.5 | 19.3 | |||||||||||||||||
Capitalized interest | 0.1 | — | — | — | — | 0.2 | ||||||||||||||||||
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Total fixed charges | $ | 18.7 | 63.4 | 63.6 | 43.5 | 23.5 | 19.5 | |||||||||||||||||
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Ratio of earnings to fixed charges | 6.7 | 11.0 | 10.2 | 11.6 | 17.7 | 16.9 |
** | The interest portion of rental expense is estimated to be equal toone-third (1/3) of such expense, which is considered to be a reasonable approximation of the interest factor. |