EX-12.1 7 d918672dex121.htm EX-12.1

Exhibit 12.1

The J. M. Smucker Company

Computation of Ratio of Earnings to Fixed Charges

(in millions of dollars)

|  | April 30, 2015 |
|  | Year Ended |
Earnings before fixed charges: |  |  |  |
Income before income taxes |  | $ | 523.0 |
Total fixed charges |  |  | 108.8 |
Less: capitalized interest |  |  | (4.9 | )
Earnings available for fixed charges |  | $ | 626.9 |
Fixed charges: |  |  |  |
Interest and other debt expense, net of capitalized interest |  | $ | 81.5 |
Capitalized interest |  |  | 4.9 |
Estimated interest portion of rent expense (a) |  |  | 22.4 |
Total fixed charges |  | $ | 108.8 |
Ratio of earnings to fixed charges |  |  | 5.8 |

(a) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense.