EX-12 3 l95435bexv12.htm EX 12 COMPUTATION OF RATIO EARNINGS/FIXED CHARGES EX 12 Computation of Ratio Earnings/Fixed Charges
 

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                         
Year Ended

June 28, June 29, June 30,
2002 2001 2000



(Millions of Dollars, Except Ratios)
Earnings:
                       
Net Income
  $ 82.6       $21.4     $ 25.0  
Plus: Income Taxes
    42.5       51.0       13.5  
      Fixed Charges
    34.1       41.8       32.4  
      Amortization of Capitalized Interest
                   
Less: Interest Capitalized During the Period
                 
Undistributed earnings in equity investments
    (2.0 )     8.0       12.0  
     
     
     
 
    $ 161.2       $122.2     $ 82.9  
     
     
     
 
Fixed Charges:
                       
Interest Expense
  $ 26.7       $34.8     $ 25.2  
Plus: Capitalized Interest
                 
     Portion of Rents Deemed Representative of the Interest
  Factor
    7.4       7.0       7.2  
     
     
     
 
    $ 34.1       $41.8     $ 32.4  
     
     
     
 
Ratio of Earnings to Fixed Charges
    4.73       2.92       2.56