EX-12 4 d857306dex12.htm EX-12 EX-12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Two Quarters Ended  
     January 2,
2015		     December 27,
2013		  
     (In millions, except ratios)  

Earnings:

     

Income from continuing operations

    $ 264.6     $ 264.5  

Plus: Income taxes

      100.1       126.6  

Fixed charges

      50.5       51.2  

Amortization of capitalized interest

      —         —    

Less: Interest capitalized during the period

      (2.4 )      (0.5 ) 

Undistributed earnings in equity investments

      —         —    
  

 

 

    

 

 

  
   $ 412.8     $ 441.8  
  

 

 

    

 

 

  

Fixed Charges:

     

Interest expense

    $ 45.5     $ 47.4  

Plus: Interest capitalized during the period

      2.4       0.5  

Interest portion of rental expense

      2.6       3.3  
  

 

 

    

 

 

  
   $ 50.5     $ 51.2  
  

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      8.17       8.63