Exhibit 12.1

Computation of Ratio of Earnings From Continuing Operations to Fixed Charges

(In millions, except ratio)

	Six  Months Ended June 26, 2011			Fiscal Year
				2010			2009			2008			2007			2006
EARNINGS FROM CONTINUING OPERATIONS
Earnings from continuing operations before income taxes	$	1,695		$	3,826		$	4,230		$	4,626		$	4,310		$	3,546
Interest expense		169			345			308			332			341			361
Distributed (undistributed) earnings of equity investees, net		(30	)		(81	)		(60	)		(43	)		(57	)		(20	)
Portion of rents representative of an interest factor and other		27			48			53			48			44			48
Adjusted earnings from continuing operations before income tax	$	1,861		$	4,138		$	4,531		$	4,963		$	4,638		$	3,935
FIXED CHARGES
Interest expense	$	169		$	345		$	308		$	332		$	341		$	361
Portion of rents representative of an interest factor and other		27			48			53			48			44			48
Total fixed charges	$	196		$	393		$	361		$	380		$	385		$	409
RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES		9.5			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 equity investees. “Earnings” are determined by adding “total fixed charges,” excluding interest capitalized, to earnings from continuing operations before income taxes, eliminating undistributed earnings of our equity investees and adding back losses of our equity investees. “Total fixed charges” consists of interest on all indebtedness, amortization of debt discount or premium, interest capitalized, and an interest factor attributable to rents.