EX-12 6 l09036aexv12.htm EX-12 STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-12
 

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                         
Year Ended
July 2, June 27, June 28,
2004 2003 2002
(Millions of dollars,
except ratios)
Earnings:
                        
Net Income
  $ 132.8     $ 59.5     $ 82.6  
Plus: Income Taxes
    62.6       30.6       42.5  
        Fixed Charges
    31.4       31.8       34.1  
        Amortization of Capitalized Interest
    —       —       —  
Less: Interest Capitalized During the Period
    —       —       —  
        Undistributed Earnings in Equity Investments
    —       —       (2.0 )
     
     
     
 
    $ 226.8     $ 121.9     $ 161.2  
     
     
     
 
Fixed Charges:
                        
Interest Expense
  $ 24.5     $ 24.9     $ 26.7  
Plus: Capitalized Interest
    —       —       —  
        Interest Portion of Rental Expense
    6.9       6.9       7.4  
     
     
     
 
    $ 31.4     $ 31.8     $ 34.1  
     
     
     
 
Ratio of Earnings to Fixed Charges
     7.22       3.83       4.73