EX-12.1 7 keys-10312015xexx121.htm EXHIBIT 12.1 Exhibit


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