EX-12.(B) 3 dex12b.htm COMPUTATION OF RATIOS OF AVAILABLE INCOME TO FIXED CHARGES Computation of Ratios of Available Income to Fixed Charges

Exhibit 12(b)

 

Computation of Ratios of Available Income to Fixed Charges

 

$ in Millions

     

39 Weeks ended Oct. 27, 2001

     

39 Weeks ended Oct. 26, 2002

Income from continuing operations (before income taxes and capitalized interest)

     

$

32

     

$

266

Fixed Charges

                  

Interest (including capitalized interest) on

                  

Operating leases

     

 

229

     

 

262

Short-term debt

     

 

—  

     

 

—  

Long-term debt

     

 

314

     

 

305

Capital leases

     

 

4

     

 

3

Other, net

     

 

6

     

 

17

      
    

Total fixed charges

     

$

553

     

$

587

Total available income

     

$

585

     

$

853

      
    

Ratio of available income to total fixed charges

     

 

1.06

     

 

1.45