EX-12 5 d657332dex12.htm EX-12 EX-12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Two Quarters Ended  
     December 27,     December 28,  
     2013     2012  
     (In millions, except ratios)  

Earnings:

     

Income from continuing operations

    $ 264.5     $ 266.8  

Plus: Income taxes

      126.6       121.0  

Fixed charges

      51.2       58.6  

Amortization of capitalized interest

      —         —    

Less: Interest capitalized during the period

      (0.5 )      (0.1 ) 

Undistributed earnings in equity investments

      —         —    
  

 

 

    

 

 

  
   $ 441.8     $ 446.3  
  

 

 

    

 

 

  

Fixed Charges:

     

Interest expense

    $ 47.4     $ 55.5  

Plus: Interest capitalized during the period

      0.5       0.1  

Interest portion of rental expense

      3.3       3.0  
  

 

 

    

 

 

  
   $ 51.2     $ 58.6  
  

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      8.63       7.62