EX-12.1 4 a2178281zex-12_1.htm EXHIBIT 12.1
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EXHIBIT 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

		Nine Months Ended				Fiscal Years Ended
(in millions)		February 25, 2007		February 26, 2006		May 28, 2006		May 29, 2005		May 30, 2004		May 25, 2003			May 26, 2002
		(unaudited)
Earnings¹
Income before taxes and our share in net losses of equity-method investments		$	405.7	$	492.2	$	695.9	$	415.6	$	347.8	$	(7.4	)	$	(116.1	)
Add: Fixed charges			4.2		4.0		5.6		5.0		3.7		3.9			6.4
Less: Interest capitalized			—		—		—		—		—		—			—

Total earnings		$	409.9	$	496.2	$	701.5	$	420.6	$	351.5	$	(3.5	)	$	(109.7	)

Fixed Charges²
	Interest expensed	$	1.3	$	1.2	$	1.9	$	1.5	$	1.2	$	1.5		$	3.9
	Interest capitalized		—		—		—		—		—		—			—
	Estimate of interest in rent expense		2.9		2.8		3.7		3.5		2.5		2.4			2.5

Total fixed charges		$	4.2	$	4.0	$	5.6	$	5.0	$	3.7	$	3.9		$	6.4

Ratio of earnings to fixed charges			97.6x		124.1x		125.3x		84.1x		95.0x		—			—

Coverage deficiency			—		—		—		—		—	$	11.3		$	122.5

(1): The term "earnings" means the amounts resulting from the following: (a) our income before provision for income taxes, plus (b) our fixed charges, less (c) our interest capitalized.
(2): The term "fixed charges" means the amounts resulting from the following: (a) interest expensed, plus (b) our interest capitalized, plus (c) our estimate of the interest component of rent expense.