EXHIBIT 12.1
C. R. BARD, INC. AND SUBSIDIARIES
Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges
Three Months Ended March 31, 2012 | Years Ended December 31, | |||||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
(dollars in millions) | ||||||||||||||||||||||||
Earnings from continuing operations before taxes | $ | 191.4 | $ | 510.8 | $ | 717.7 | $ | 671.5 | $ | 552.7 | $ | 579.4 | ||||||||||||
Add (Deduct): | ||||||||||||||||||||||||
Fixed charges | 11.1 | 42.7 | 18.4 | 17.5 | 17.4 | 16.6 | ||||||||||||||||||
Undistributed earnings of equity investments | (1.7 | ) | (3.8 | ) | (3.6 | ) | (2.3 | ) | (1.9 | ) | (0.7 | ) | ||||||||||||
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Earnings available for fixed charges | $ | 200.8 | $ | 549.7 | $ | 732.5 | $ | 686.7 | $ | 568.2 | $ | 595.3 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest, including amounts capitalized(1) | $ | 9.5 | $ | 36.4 | $ | 12.7 | $ | 11.8 | $ | 12.1 | $ | 11.9 | ||||||||||||
Proportion of rent expense deemed to represent interest factor | 1.6 | 6.3 | 5.7 | 5.7 | 5.3 | 4.7 | ||||||||||||||||||
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Fixed charges | $ | 11.1 | $ | 42.7 | $ | 18.4 | $ | 17.5 | $ | 17.4 | $ | 16.6 | ||||||||||||
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Ratio of earnings to fixed charges | 18.09 | 12.87 | 39.81 | 39.24 | 32.66 | 35.86 | ||||||||||||||||||
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(1) | Interest related to unrecognized tax benefits is included as income tax expense and not included in fixed charges. |