EXHIBIT 12.1
Published on May 8, 2017
Exhibit 12.1
| Six Months Ended March 31, | ||||||||||||||||||||||||||||
| Year | 2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||||
| Earnings: | ||||||||||||||||||||||||||||
| Income from Continuing Operations Before Inc. Tax | 1,054 | 642 | 1,074 | 739 | 1,522 | 1,165 | 1,472 | |||||||||||||||||||||
| Interest Capitalized, Net (1) | (2 | ) | (1 | ) | (3 | ) | (5 | ) | (10 | ) | (11 | ) | (17 | ) | ||||||||||||||
| Fixed Charges | 213 | 229 | 455 | 431 | 191 | 194 | 191 | |||||||||||||||||||||
| Earnings as Adjusted | 1,265 | 869 | 1,526 | 1,165 | 1,703 | 1,348 | 1,646 | |||||||||||||||||||||
| Fixed Charges: | ||||||||||||||||||||||||||||
| Interest Cost (2) | 195 | 211 | 418 | 401 | 167 | 171 | 169 | |||||||||||||||||||||
| Interest Allocable to Rent Expenses (3) | 18 | 18 | 37 | 30 | 24 | 23 | 22 | |||||||||||||||||||||
| Fixed Charges | 213 | 229 | 455 | 431 | 191 | 194 | 191 | |||||||||||||||||||||
| Ratio of Earnings to Fixed Charges | 5.9 | 3.8 | 3.4 | 2.7 | 8.9 | 6.9 | 8.6 | |||||||||||||||||||||
| (1) | Includes amortization of capitalized interest less interest capitalized for the period. |
| (2) | Includes amortization of debt expense. |
| (3) | Portion of rent expense representing interest. |
| (4) | Interest on tax liabilities is included as an element of its income tax provision. |