Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
acknowledged, arose, auditor, bring, Bulletin, capture, careful, Colombia, Council, differential, error, EU, exclusively, exemption, fraud, GILTI, gracia, inclusion, install, inventory, jurisdiction, JWT, leg, martore, matrix, merchandising, modification, notification, official, PCAOB, point, Precision, principle, print, promised, provisional, pursuit, Ratification, realigned, renamed, revalued, revise, revised, SAB, Sherman, shopper, single, solid, sophisticated, Stamford, statute, superior, supersede, territorial, touch, transformation, treatment, underperforming, upgrade, withdraw
Removed:
accreted, began, blend, choose, comparison, Composition, consultancy, conversion, converted, convertible, COSO, coupon, covered, dependent, disposed, entering, equivalent, Greenwich, Groupe, henning, implied, indefinitely, larger, lower, merger, paragraph, premise, pretax, quantify, reclassified, reinvest, reinvested, relation, reward, simultaneously, step, supporting, terminated, undistributed, unremitted, Voted, Weaver
Filing tables
Filing exhibits
Related press release
Associated OMC transcripts
OMC similar filings
Filing view
External links
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratios)
For the Years Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 1,884.9 | $ | 1,841.8 | $ | 1,778.6 | $ | 1,810.0 | $ | 1,660.9 | |||||||||
Add: Dividends from equity method investments | 5.7 | 10.4 | 10.8 | 12.6 | 17.2 | ||||||||||||||
Fixed charges | 341.3 | 328.1 | 299.1 | 307.1 | 331.3 | ||||||||||||||
Total earnings | $ | 2,231.9 | $ | 2,180.3 | $ | 2,088.5 | $ | 2,129.7 | $ | 2,009.4 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense (a) | $ | 224.5 | $ | 209.7 | $ | 181.1 | $ | 177.2 | $ | 197.2 | |||||||||
Rent expense interest factor (b) | 116.8 | 118.4 | 118.0 | 129.9 | 134.1 | ||||||||||||||
Total fixed charges | $ | 341.3 | $ | 328.1 | $ | 299.1 | $ | 307.1 | $ | 331.3 | |||||||||
Ratio of earnings to fixed charges | 6.54x | 6.65x | 6.98x | 6.93x | 6.07x |
___________________
(a) | Interest expense includes interest on third-party indebtedness. |
(b) | The rent expense interest factor reflects an appropriate portion (one-third) of rent expense representative of interest. |