Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratio)

	Quarter Ended			Fiscal Year
	March 27, 2011			2010				2009				2008				2007				2006
EARNINGS
Earnings from continuing operations before income taxes		$	786		$	3,826			$	4,230			$	4,626			$	4,310			$	3,546
Interest expense			85			345				308				332				341				361
Distributed (undistributed) earnings of 50% and less than 50% owned companies, net			10			(81	)			(60	)			(43	)			(57	)			(20	)
Portion of rents representative of an interest factor and other			12			48				53				48				44				48
Adjusted earnings from continuing operations before income taxes		$	893		$	4,138			$	4,531			$	4,963			$	4,638			$	3,935
FIXED CHARGES
Interest expense		$	85		$	345			$	308			$	332			$	341			$	361
Portion of rents representative of an interest factor and other			12			48				53				48				44				48
Total fixed charges		$	97		$	393			$	361			$	380			$	385			$	409
RATIO OF EARNINGS TO FIXED CHARGES			9.2			10.5				12.6				13.1				12.0				9.6

Our computation of the ratio of earnings from continuing operations to fixed charges includes our consolidated subsidiaries and companies in which we own at least 20% but less than or equal to 50% of the equity. “Earnings” are determined by adding “total fixed charges,” excluding interest capitalized, to earnings from continuing operations before income taxes, eliminating equity in undistributed earnings and adding back losses of companies in which we own at least 20% but less than or equal to 50% of the equity. “Total fixed charges” consists of interest on all indebtedness, amortization of debt discount or premium, interest capitalized and an interest factor attributable to rents.