EX-12 2 g12407exv12.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
                 
    Three Quarters Ended
    March 28,   March 30,
    2008   2007
    (In millions, except ratios)
Earnings:
              
Net income
 $ 322.5     $ 392.8  
Plus:
Income taxes    149.0       140.1  
 
Fixed charges
   51.1       37.9  
 
Amortization of capitalized interest
   —       —  
Less:
 Interest capitalized during the period    —       —  
 
Undistributed earnings in equity investments
   —       —  
 
                
 
   $ 522.6     $ 570.8  
 
                
Fixed Charges:
              
Interest expense
 $ 42.8     $ 30.1  
Plus:
 Interest capitalized during the period    —       —  
 
Interest portion of rental expense
   8.3       7.8  
 
                
 
   $ 51.1     $ 37.9  
 
                
Ratio of Earnings to Fixed Charges
   10.23       15.06