The Kroger Co. (KR) 10-K 2015 FY Annual report

EXHIBIT 12.1

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE KROGER CO. AND CONSOLIDATED SUBSIDIARY COMPANIES FOR THE FIVE FISCAL YEARS ENDED JANUARY 30, 2016

	January 30, 2016 (52 weeks)			January 31, 2015 (52 weeks)			February1, 2014 (52 weeks)			February2, 2013 (53 weeks)			January 28, 2012 (52 weeks)
Earnings:
Earnings before tax expense	$	3,094		$	2,649		$	2,282		$	2,302		$	843
Fixed charges	903			896			797			823			794
Capitalized interest	(9		)	(5		)	(5		)	(3		)	(6		)
Pre-tax earnings before fixed charges	$	3,988		$	3,540		$	3,074		$	3,122		$	1,631
Fixed charges:
Interest	$	491		$	493		$	448		$	465		$	441
Portion of rental payments deemed to be interest	412			403			349			358			353
Total fixed charges	$	903		$	896		$	797		$	823		$	794
Ratio of earnings to fixed charges	4.4			4.0			3.9			3.8			2.1

1