EX-12 4 d802592dex12.htm EX-12 EX-12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Quarter Ended  
     September 26,
2014		     September 27,
2013		  
     (In millions, except ratios)  

Earnings:

     

Income from continuing operations

    $ 125.1     $ 127.4  

Plus: Income taxes

      50.4       60.4  

Fixed charges

      25.2       25.5  

Amortization of capitalized interest

      —         —    

Less: Interest capitalized during the period

      (1.1 )      (0.2 ) 

Undistributed earnings in equity investments

      —         —    
  

 

 

    

 

 

  
   $ 199.6     $ 213.1  
  

 

 

    

 

 

  

Fixed Charges:

     

Interest expense

    $ 22.8     $ 23.7  

Plus: Interest capitalized during the period

      1.1       0.2  

Interest portion of rental expense

      1.3       1.6  
  

 

 

    

 

 

  
   $ 25.2     $ 25.5  
  

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      7.92       8.36