EX-12 3 g08574exv12.htm EX-12 STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-12 Statement Re: Computation of Ratio of Earnin
 

 
Exhibit 12
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                         
    Year Ended  
    June 29,
 		    June 30,
 		    July 1,
 		 
    2007     2006     2005  
    (In millions except ratios)  
 
Earnings:
                       
Net Income
  $ 480.4     $ 237.9     $ 202.2  
Plus: Income Taxes
    190.9       142.9       96.2  
Fixed Charges
    52.2       46.7       33.0  
Amortization of Capitalized Interest
    —       —       —  
Less: Interest Capitalized During the Period
    —       —       —  
Undistributed Earnings in Equity Investments
    —       —       —  
                         
    $ 723.5     $ 427.5     $ 331.4  
                         
Fixed Charges:
                       
Interest Expense
  $ 41.1     $ 36.5     $ 24.0  
Plus: Capitalized Interest
    —       —       —  
Interest Portion of Rental Expense
    11.1       10.2       9.0  
                         
    $ 52.2     $ 46.7     $ 33.0  
                         
Ratio of Earnings to Fixed Charges
    13.86       9.15       10.04