EX-12.1 7 keys-10312015xexx121.htm EXHIBIT 12.1
Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in millions, except ratios)

| October 31, 2015 |  | October 31, 2015 |  | October 31, 2013 |  | October 31, 2013 |  | October 31, 2012
Earnings: |  |  |  |  |  |  |  |  |
Income from continuing operations before income taxes | $ | 388 |  |  | $ | 474 |  |  | $ | 501 |  |  | $ | 746 |  |  | $ | 749 |
Fixed Charges | 61 |  |  | 16 |  |  | 12 |  |  | 12 |  |  | 14 |
Earnings from continuing operations before income taxes, as adjusted | $ | 449 |  |  | $ | 490 |  |  | $ | 513 |  |  | $ | 758 |  |  | $ | 763 |
Fixed Charges: |  |  |  |  |  |  |  |  |
Interest expense | $ | 45 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Estimate of interest within rental expense | 14 |  |  | 13 |  |  | 12 |  |  | 12 |  |  | 14 |
Amortization of capitalized expenses related to indebtedness | 1 |  |  | — |  |  | — |  |  | — |  |  | — |
Total fixed charges | $ | 61 |  |  | $ | 16 |  |  | $ | 12 |  |  | $ | 12 |  |  | $ | 14 |
Ratio of earnings to fixed charges | 7.4 |  |  | 30.6 |  |  | 42.8 |  |  | 63.2 |  |  | 54.5 |