EX-12.1 4 d246067dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

The TJX Companies, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)

		Six Months Ended				— Fiscal Year Ended —
			7/30/2016				1/30/16				1/31/15				2/1/2014				2/2/2013				1/28/2012
Income from continuing operations:			$1,070.5				$2,277.7				$2,215.1				$2,137.4				$1,906.7				$1,496.1
Add Back:
Taxes			669.0				1,380.6				1,334.8				1,182.1				1,170.7				915.3
Interest expense			29.5				60.3				55.4				46.1				40.8				46.7
Interest portion of rent expense			165.1				341.4				330.4				309.6				328.0				304.1
A) Income before taxes and fixed charges			$1,934.1				$4,060.0				$3,935.7				$3,675.2				$3,446.2				$2,762.2
Fixed charges
Capitalized Interest			$4.4				$8.0				$9.4				$11.0				$7.8				$2.6
Interest expense			29.5				60.3				55.4				46.1				40.8				46.7
Interest portion of rent expense			165.1				341.4				330.4				309.6				328.0				304.1
B) Fixed charges			$199.0				$409.7				$395.2				$366.7				$376.6				$353.4
Ratio of earnings to fixed charges (A/B)			9.72X				9.91X				9.96X				10.02X				9.15X				7.82X