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)

 

      Fiscal Year Ended  
      May 29, 2011     May 30, 2010     May 31, 2009     May 25, 2008     May 27, 2007  

Consolidated Earnings from Continuing Operations before Income Taxes

   $ 647.6      $ 543.6      $ 512.5      $ 514.7      $ 530.8   

Plus Fixed Charges:

          

Gross Interest Expense

     97.5        99.6        117.6        91.9        43.6   

40% of Restaurant and Equipment

          

Minimum Rent Expense

     48.2        44.7        40.8        35.2        26.0   
                                        

Total Fixed Charges

   $ 145.7      $ 144.3      $ 158.4      $ 127.1      $ 69.6   

Less Capitalized Interest

     (3.0     (4.4     (9.3     (4.9     (2.9
                                        

Consolidated Earnings from Continuing Operations before Income Taxes Available to Cover Fixed Charges

   $ 790.3      $ 683.5      $ 661.6      $ 636.9        597.5   
                                        

Ratio of Consolidated Earnings from Continuing Operations to Fixed Charges

     5.4        4.7        4.2        5.0        8.6