Cardinal Health (CAH) 10-Q 2016 Q2 Quarterly report

	Exhibit 12.1
Cardinal Health, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

	Fiscal Year Ended June 30															Six Months Ended December 31, 2015
(in millions, except ratios)	2011			2012			2013			2014			2015
Earnings before income taxes	$	1,518.3		$	1,698.1		$	888.3		$	1,798.3		$	1,967.3		$	1,087.3
Plus fixed charges:
Interest expense	95.2			92.3			119.2			129.4			137.0			89.3
Capitalized interest	5.7			6.0			1.7			1.2			1.8			2.1
Amortization of debt offering costs	1.8			2.8			3.5			3.6			7.6			2.8
Interest portion of rent expense	7.1			7.8			8.3			9.8			9.6			5.5
Fixed charges	109.8			108.9			132.7			144.0			156.0			99.7
Plus: amortization of capitalized interest	5.3			3.2			3.4			2.9			2.4			1.2
Less: capitalized interest	(5.7		)	(6.0		)	(1.7		)	(1.2		)	(1.8		)	(2.1		)
Earnings	$	1,627.7		$	1,804.2		$	1,022.7		$	1,944.0		$	2,123.9		$	1,186.1
Ratio of earnings to fixed charges (1)	14.8			16.6			7.7			13.5			13.6			11.9

(1) The ratio of earnings to fixed charges is computed by dividing fixed charges into earnings before income taxes plus fixed charges and capitalized interest. Fixed charges include interest expense, amortization of debt offering costs and the portion of rent expense that is deemed to be representative of the interest factor. Interest expense recorded on tax exposures has been recorded in income tax expense and has therefore been excluded from the calculation.