Exhibit 12

THE HILLSHIRE BRANDS COMPANY AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In millions except ratios)

	Fiscal Years Ended
	June 28, 2014		June 29, 2013		June 30, 2012				July 2, 2011		July 3, 2010
	(1)		(2)		(3)				(4)		(5)
Fixed charges:
Interest expense - continuing operations (6)	$	48	$	48	$	77			$	92	$	120
Interest expense - discontinued operations (6)	—		—		31				34		28
Interest portion of rental expense	8		8		28				42		47
Total fixed charges before capitalized interest and preference security dividends of consolidated subsidiaries	56		56		136				168		195
Preference security dividends of consolidated subsidiaries	—		—		—				—		—
Capitalized interest	3		2		7				11		10
Total fixed charges	59		$	58	$	143			$	179	$	205
Earnings available for fixed charges:
Income (loss) from continuing operations before income taxes	$	267	$	256	$	(35	)		$	85	$	58
Less undistributed income in minority owned companies	—		—		—				—		—
Add minority interest in majority-owned subsidiaries	—		—		—				—		—
Add amortization of capitalized interest	5		5		5				5		5
Add fixed charges before capitalized interest and preference security dividends of consolidated subsidiaries	56		56		136				168		195
Total earnings available for fixed charges	$	328	$	317	$	106			$	258	$	258
Ratio of earnings to fixed charges	5.6		5.5		—			(a)	1.4		1.3

(1) During fiscal 2014, the corporation recorded a pretax charge of $14 million in connection with certain restructuring activities. During fiscal 2014, the corporation recognized no non-cash impairment charges.

(2) During fiscal 2013, the corporation recorded a pretax charge of $9 million in connection with certain restructuring activities. Also during fiscal 2013, the corporation recognized non-cash impairment charges of $1 million.

(3) During fiscal 2012, the corporation recorded a pretax charge of $81 million in connection with certain restructuring activities. Also during fiscal 2012, the corporation recognized non-cash impairment charges of $14 million.

(4) During fiscal 2011, the corporation recorded a pretax charge of $38 million in connection with certain restructuring activities. Also during fiscal 2011, the corporation recognized non-cash impairment charges of $15 million.

(5) During fiscal 2010, the corporation recorded a pretax charge of $18 million in connection with certain restructuring activities. Also during fiscal 2010, the corporation recognized non-cash impairment charges of $15 million.

(6) Excludes interest on uncertain tax positions.

(a) Due to the company’s loss in 2012, the ratio coverage was less than 1:1. The company would have needed to generate additional earnings of $37 to achieve a coverage ratio of 1:1 in 2012.