EX-12 3 g25407exv12.htm EX-12 exv12
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                 
    Two Quarters Ended  
    December 31,     January 1,  
    2010     2010  
    (In millions, except ratios)  
Earnings:
                
Net income
   $ 315.0     $ 244.0  
Plus: Income Taxes
     158.4       122.0  
Fixed charges
     43.6       39.5  
Amortization of capitalized interest
     —       —  
Less: Interest capitalized during the period
     (1.7 )     —  
Undistributed earnings in equity investments
     —       —  
 
            
 
   $ 515.3     $ 405.5  
 
            
 
                
Fixed Charges:
                
Interest expense
   $ 38.2     $ 36.4  
Plus: Interest capitalized during the period
     1.7       —  
Interest portion of rental expense
     3.7       3.1  
 
            
 
   $ 43.6     $ 39.5  
 
            
Ratio of Earnings to Fixed Charges
     11.82       10.27