Kohl's (KSS) S-3ASR Automatic shelf registration

Exhibit 12.1

Kohl’s Corporation

Ratio of Earnings to Fixed Charges

($000s)

(Dollars in Millions)	Q1 2018	2017	2016	2015	2014	2013
Earnings
Income before income taxes, including non-  recurring items	$     97	$   1,117	$     875	$   1,057	$   1,349	$   1,404
Fixed charges	114	469	484	512	524	517
Less: Interest capitalized during period	-	(1)	(1)	-	(2)	(1)
	$     211	$   1,585	$   1,358	$   1,569	$   1,871	$   1,920
Fixed Charges
Interest (expensed or capitalized)	$       73	$     306	$     309	$     329	$     342	$     339
Portion of rent expense representative of interest	40	161	173	181	180	176
Amortization of deferred financing fees	1	2	2	2	2	2
	$     114	$     469	$     484	$     512	$     524	$     517
Ratio of earnings to fixed charges	1.9	3.4	2.8	3.1	3.6	3.7