EX-12 4 l82915aex12.txt EXHIBIT 12 1 EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED -------------------------------------- JUNE 30, JULY 2, JULY 3, 2000 1999 1998 ---------- -------- -------- (MILLIONS OF DOLLARS, EXCEPT RATIOS) EARNINGS: Net Income................................................ $25.0 $ 49.9 $ 66.4 Plus: Income Taxes........................................ 13.5 28.1 37.3 Fixed Charges........................................ 32.4 17.2 19.9 Amortization of Capitalized Interest................. -- 0.1 0.1 Less: Interest Capitalized During the Period.............. -- (0.1) (1.0) Undistributed earnings in equity investments.............. 12.0 (3.2) (0.1) ===== ====== ====== $82.9 $ 92.0 $122.6 ===== ====== ====== FIXED CHARGES: Interest Expense.......................................... $25.2 $ 9.8 $ 12.5 Plus: Capitalized Interest................................ -- 0.1 1.0 Portion of Rents Deemed Representative of the Interest Factor............................................... 7.2 7.3 6.4 ----- ------ ------ $32.4 $ 17.2 $ 19.9 ===== ====== ====== RATIO OF EARNINGS TO FIXED CHARGES........................ 2.56 5.35 6.16 ===== ====== ======