EX-12 4 d714949dex12.htm EX-12 EX-12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Three Quarters Ended  
     March 28,
2014		     March 29,
2013		  
     (In millions, except ratios)  

Earnings:

     

Income from continuing operations

    $ 401.6     $ 391.4  

Plus: Income taxes

      190.5       166.8  

Fixed charges

      76.6       87.9  

Amortization of capitalized interest

      0.1       0.1  

Less: Interest capitalized during the period

      (1.1 )      (0.3 ) 

Undistributed earnings in equity investments

      —         —    
  

 

 

    

 

 

  
   $ 667.7     $ 645.9  
  

 

 

    

 

 

  

Fixed Charges:

     

Interest expense

    $ 70.6     $ 83.1  

Plus: Interest capitalized during the period

      1.1       0.3  

Interest portion of rental expense

      4.9       4.5  
  

 

 

    

 

 

  
   $ 76.6     $ 87.9  
  

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      8.72       7.35