EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars In Millions)
(Dollars In Millions)
For the three Months | ||||||||||||||||||||||||
For the Years Ended December 31, | Ended March 31, | |||||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | 2009 | |||||||||||||||||||
Earnings from continuing operations before income taxes | $ | 1,434 | $ | 1,383 | $ | 1,344 | $ | 1,151 | $ | 1,039 | $ | 295 | ||||||||||||
Add: | ||||||||||||||||||||||||
Fixed Charges | 6 | 6 | 8 | 9 | 9 | 2 | ||||||||||||||||||
Earnings available for fixed charges | $ | 1,440 | $ | 1,389 | $ | 1,352 | $ | 1,160 | $ | 1,048 | $ | 297 | ||||||||||||
Fixed Charges(a): | ||||||||||||||||||||||||
Rent expense | $ | 6 | $ | 6 | $ | 8 | $ | 9 | $ | 9 | $ | 2 | ||||||||||||
Fixed charges | $ | 6 | $ | 6 | $ | 8 | $ | 9 | $ | 9 | $ | 2 | ||||||||||||
Ratio of earnings to fixed charges | 240.0 | x | 231.5 | x | 169.0 | x | 128.9 | x | 116.4 | x | 148.5 | x | ||||||||||||
(a) | Lorillard includes interest relating to uncertain tax positions in its provision for income taxes, therefore such amounts are not included in fixed charges in the computation. | |