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.