EX-12.1 6 d114723dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

CSX Corporation

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

		For the Fiscal Years Ended
		Dec. 25, 2015				Dec. 26, 2014				Dec. 27, 2013				Dec. 28, 2012				Dec. 30, 2011
EARNINGS:
Earnings before Income Taxes		$	3,138			$	3,044			$	2,922			$	2,971			$	2,940
Interest Expense			544				545				561				566				552
Amortization of debt discount			(3	)			(3	)			(3	)			(3	)			(3	)
Interest Portion of Fixed Rent			14				21				26				27				29
Undistributed Earnings of Unconsolidated Subsidiaries			(40	)			(43	)			(42	)			(29	)			(30	)
Earnings, as Adjusted		$	3,653			$	3,564			$	3,464			$	3,532			$	3,488
FIXED CHARGES:
Interest Expense		$	544			$	545			$	561			$	566			$	552
Capitalized Interest			26				26				21				20				15
Amortization of debt discount			(3	)			(3	)			(3	)			(3	)			(3	)
Interest Portion of Fixed Rent			14				21				26				27				29
Fixed Charges		$	581			$	590			$	606			$	610			$	593
Ratio of Earnings to Fixed Charges			6.3	x			6.0	x			5.7	x			5.8	x			5.9	x