EX-12 6 gis062418s1_ex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 to General Mills, Inc. Form 10-K for fiscal year ended May 28, 2006

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


    Fiscal Year Ended    
In Millions     May 28,
2006		     May 29,
2005		     May 30,
2004		     May 25,
2003		     May 26,
2002		  
Earnings before Income Taxes and After-tax Earnings from Joint Ventures       $ 1,567     $ 1,815     $ 1,509     $ 1,316     $ 667  
Plus: Earnings from Joint Ventures before Income Taxes         93       121       100       81       40  
Plus: Fixed Charges (1)         463       524       569       619       468  
Less: Capitalized Interest         (1 )     (3 )     (8 )     (8 )     (3 )
Earnings Available to Cover Fixed Charges       $ 2,122     $ 2,457     $ 2,170     $ 2,008     $ 1,172  
Ratio of Earnings to Fixed Charges         4.58       4.69       3.81       3.24       2.50  
(1) Fixed Charges:                                  
Interest and Minority Interest Expense, Gross       $ 428     $ 488     $ 537     $ 589     $ 445  
Rentals (1/3)         35       36       32       30       23  
Total Fixed Charges       $ 463     $ 524     $ 569     $ 619     $ 468  

For purposes of computing the ratio of earnings to fixed charges, earnings represent earnings before taxes and after-tax earnings of joint ventures, plus pretax earnings or losses of joint ventures, fixed charges and less capitalized interest. Fixed charges represent gross interest expense and subsidiary preferred distributions to minority interest holders, plus one-third (the proportion deemed representative of the interest factor) of rent expense.