ManpowerGroup (MAN) 10-K2010 FY Annual report

Filed: 24 Feb 11, 12:00am

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Exhibit 12.1

STATEMENT REGARDING COMPUTATION

OF RATIO OF EARNINGS TO FIXED CHARGES

MANPOWER INC.

(in millions)

	2010			2009			2008		2007		2006
Earnings:
Earnings before income taxes from continuing operations	$	(165.2	)	$	(22.9	)	$	442.6	$	777.0	$	481.9
Fixed charges		161.9			183.9			200.9		185.2		162.8
	$	(3.3	)	$	161.0		$	643.5	$	962.2	$	644.7

Fixed charges:
Interest (expensed or capitalized)	$	42.4		$	61.7		$	64.2	$	65.0	$	54.1
Estimated interest portion of rent expense		119.5			122.2			136.7		120.2		108.7
	$	161.9		$	183.9		$	200.9	$	185.2	$	162.8

Ratio of earnings to fixed charges		(0.0	)		0.9			3.2		5.2		4.0


Note:	The calculation of ratio of earnings to fixed charges set forth above is in accordance with Regulation S-K, Item 601(b)(12). This calculation is different than the fixed charge ratio that is required by our various borrowing facilities.