Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	26 Weeks Ended December 31, 2011		Fiscal Year
(dollars in thousands)			July 2, 2011		July 3, 2010 (2)		June 27, 2009		June 28, 2008		June 30, 2007
Earnings before income taxes	$	881,762	$	1,827,454	$	1,849,589	$	1,770,834	$	1,791,338	$	1,621,215
Add: Fixed charges		77,681		151,990		155,644		140,772		142,175		132,498
Subtract: Capitalized interest		9,518		13,887		9,997		3,531		6,805		3,955
Total	$	949,925	$	1,965,557	$	1,995,236	$	1,908,075	$	1,926,708	$	1,749,758
Fixed Charges:
Interest expense	$	57,798	$	118,267	$	125,477	$	116,322	$	111,541	$	105,002
Capitalized interest		9,518		13,887		9,997		3,531		6,805		3,955
Rent expense interest factor		10,365		19,836		20,170		20,919		23,829		23,541
Total	$	77,681	$	151,990	$	155,644	$	140,772	$	142,175	$	132,498
Ratio of earnings to fixed charges (1)		12.2		12.9		12.8		13.6		13.6		13.2

(1) For the purpose of calculating this ratio, “earnings” consist of earnings before income taxes and fixed charges (exclusive of interest capitalized). “Fixed charges” consist of interest expense, capitalized interest and the estimated interest portion of rents.

(2) The fiscal year ended July 3, 2010 was a 53-week year.