EX-12 3 d919930dex12.htm EX-12 EX-12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Three Quarters Ended  
     April 3,
2015		     March 28,
2014		  
     (In millions, except ratios)  

Earnings:

     

Income from continuing operations

    $ 390.2     $ 401.6  

Plus: Income taxes

      153.5       190.5  

Fixed charges

      85.9       76.6  

Amortization of capitalized interest

      0.1       0.1  

Less: Interest capitalized during the period

      (2.5 )      (1.1 ) 

Undistributed earnings in equity investments

      —         —    
  

 

 

    

 

 

  
   $ 627.2     $ 667.7  
  

 

 

    

 

 

  

Fixed Charges:

     

Interest expense

    $ 79.5     $ 70.6  

Plus: Interest capitalized during the period

      2.5       1.1  

Interest portion of rental expense

      3.9       4.9  
  

 

 

    

 

 

  
   $ 85.9     $ 76.6  
  

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      7.30       8.72