ex12_1.htm

	Three months ended			Fiscal Years Ended
	April 3, 2011			January 2, 2011			January 3, 2010			December 28, 2008			December 30, 2007			December 31, 2006
	(In thousands, except ratios)
Computation of earnings:
Income (loss) before provision for income taxes	$	330,928		$	1,457,433		$	503,801		$	(1,952,374	)	$	352,658		$	403,355
Fixed charges excluding capitalized interest		33,373			101,434			81,630			67,821			65,081			39,287
Distributed earnings from 50%-or-less-owned affiliates		(1,500	)		(147	)		(392	)		(3,604	)		(5,840	)		(2,498	)
Adjusted earnings	$	362,801		$	1,558,720		$	585,039		$	(1,888,157	)	$	411,899		$	440,144
Computation of fixed charges:
Interest expense	$	31,586		$	90,377		$	70,205		$	65,207		$	62,097		$	36,859
Interest relating to lease guarantee of 50%-or-less-owned affiliates		1,210			8,746			8,898		─				615		─
Interest portion of operating lease expense		577			2,311			2,527			2,614			2,369			2,428
Fixed charges	$	33,373		$	101,434		$	81,630		$	67,821		$	65,081		$	39,287
Ratio of earnings to fixed charges (1)		10.9	x		15.4	x		7.2	x	─				6.3	x		11.2	x

(1)

Computed by dividing (i) income (loss) before provision for income taxes adjusted for fixed charges by (ii) fixed charges which include interest expense plus amortization of debt issuance costs, the portion of rent expense under operating leases deemed to be representative of the interest factor and interest relating to lease guarantees of 50%-or-less-owned affiliates. In fiscal year 2008, earnings were insufficient to cover fixed charges by $1.96 billion.