EX-12 2 dex12.htm COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES Computation of Ratio of Consolidated Earnings to Fixed Charges

Exhibit 12

DARDEN RESTAURANTS, INC.

COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES

(Dollar amounts in millions)

(Unaudited)

 

     Quarter Ended     Six Months Ended  
     November 29,
2009		     November 23,
2008		     November 29,
2009		     November 23,
2008		  

Consolidated earnings from continuing operations before income taxes

    $ 80.7      $ 82.5      $ 210.9      $ 196.9   

Plus fixed charges:

         

Gross interest expense(1)

      24.8        30.1        51.3        59.2   

40% of restaurant and equipment minimum rent expense

      11.0        10.6        21.9        21.0   
                                

Total fixed charges

      35.8        40.7        73.2        80.2   

Less capitalized interest

      (0.1 )      (2.1 )      (2.6 )      (3.8 ) 
                                

Consolidated earnings from continuing operations before income taxes available to cover fixed charges

    $ 116.4      $ 121.1      $ 281.5      $ 273.3   
                                

Ratio of consolidated earnings from continuing operations to fixed charges

      3.3        3.0        3.8        3.4   
                                

 

(1) Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits.