Exhibit 12.1


Kohl’s Corporation

Ratio of Earnings to Fixed Charges

($000s)

(Dollars in Millions)

Q1 2018

2017

2016

2015

2014

2013

Earnings

 

 

 

 

 

 

Income before income taxes, including non-  recurring items

 $     97

 $   1,117

 $     875

 $   1,057

 $   1,349

 $   1,404

Fixed charges

        114

        469

        484

        512

        524

        517

Less: Interest capitalized during period

          -   

           (1)

           (1)

          -   

           (2)

           (1)

 

 $     211

 $   1,585

 $   1,358

 $   1,569

 $   1,871

 $   1,920

Fixed Charges

 

 

 

 

 

 

Interest (expensed or capitalized)

 $       73

 $     306

 $     309

 $     329

 $     342

 $     339

Portion of rent expense representative of interest

          40

        161

        173

        181

        180

        176

Amortization of deferred financing fees

            1

            2

            2

            2

            2

            2

 

 $     114

 $     469

 $     484

 $     512

 $     524

 $     517

Ratio of earnings to fixed charges

         1.9

         3.4

         2.8

         3.1

         3.6

         3.7