EX-12 3 g05199exv12.htm EX-12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Ex-12 Computation of Ratio of Earnings to Fixed Ch
 

Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                 
    Two Quarters Ended  
    December 29,     December 30,  
    2006     2005  
    (In millions, except ratios)  
Earnings:
               
Net income
  $ 177.9     $ 80.3  
Plus: Income taxes
    76.3       60.3  
Fixed charges
    24.8       21.1  
Amortization of capitalized interest
           
Less: Interest capitalized during the period
           
Undistributed earnings in equity investments
           
 
           
 
  $ 279.0     $ 161.7  
 
           
 
               
Fixed Charges:
               
Interest expense
  $ 19.6     $ 16.5  
Plus: Interest capitalized during the period
           
Interest portion of rental expense
    5.2       4.6  
 
           
 
  $ 24.8     $ 21.1  
 
           
Ratio of Earnings to Fixed Charges
    11.25       7.66