Nine Months Ended | |||||||
October 1, 2017 | October 2, 2016 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 850,279 | $ | 900,862 | |||
Add (deduct): | |||||||
Fixed charges | 85,075 | 79,371 | |||||
Amortization of capitalized interest | 759 | 2,166 | |||||
Capitalized interest | (2,892 | ) | (4,702 | ) | |||
Adjustment to exclude noncontrolling interests in subsidiaries and income from equity investee | — | (798 | ) | ||||
Earnings as adjusted | $ | 933,221 | $ | 976,899 | |||
Fixed Charges: | |||||||
Interest expensed and capitalized | $ | 75,030 | $ | 71,167 | |||
Amortization of deferred debt issuance costs | 1,178 | 1,237 | |||||
Portion of rents representative of the interest factor (a) | 8,867 | 6,967 | |||||
Total fixed charges | $ | 85,075 | $ | 79,371 | |||
Ratio of earnings to fixed charges | 10.97 | 12.31 |
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |