EX-12.1 3 a2203505zex-12_1.htm EX-12.1

Exhibit No. 12.1

 

Statements re: Computation of Ratios

$ in millions

 

 

 

Feb. 26,
2011

 

Feb. 27,
2010

 

Feb. 28,
2009

 

Mar. 1,
2008

 

Mar. 3,
2007

 

Ratio of Earnings to Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes, noncontrolling interests and equity in income (loss) of affiliates

 

$

2,078

 

$

2,195

 

$

1,700

 

$

2,228

 

$

2,130

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest portion of rental expense

 

348

 

338

 

282

 

222

 

198

 

Interest expense

 

87

 

94

 

94

 

62

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

435

 

432

 

376

 

284

 

229

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings available for fixed charges

 

$

2,513

 

$

2,627

 

$

2,076

 

$

2,512

 

$

2,359

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.78

 

6.08

 

5.52

 

8.85

 

10.30