EX-12 3 g27195exv12.htm EX-12 exv12
Exhibit 12
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                         
    Year Ended  
    July 1,
 		    July 2,
 		    July 3,
 		 
    2011     2010     2009  
    (In millions, except ratios)  
 
Earnings:
                       
Income from continuing operations before income taxes
  $ 880.7     $ 840.3     $ 485.3  
Plus: Fixed charges
    103.4       79.9       59.2  
Amortization of capitalized interest
    —       —       —  
Less: Interest capitalized during the period
    (4.7 )     (0.5 )     (0.2 )
Undistributed earnings in equity investments
    —       —       —  
                         
    $ 979.4     $ 919.7     $ 544.3  
                         
Fixed Charges:
                       
Interest expense
  $ 90.4     $ 72.1     $ 52.8  
Plus: Interest capitalized during the period
    4.7       0.5       0.2  
Interest portion of rental expense
    8.3       7.3       6.2  
                         
    $ 103.4     $ 79.9     $ 59.2  
                         
Ratio of Earnings to Fixed Charges
    9.47       11.51       9.19