EX-12.1 6 c22621exv12w1.htm EXHIBIT 12.1 Exhibit 12.1
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
                                         
    Fiscal Year Ended August  
    2011     2010     2009     2008     2007  
(in thousands, except ratios)   (52 weeks)     (52 weeks)     (52 weeks)     (53 weeks)     (52 weeks)  
 
                                       
Earnings:
                                       
Income before income taxes
  $ 1,324,246     $ 1,160,505     $ 1,033,746     $ 1,007,389     $ 936,150  
Fixed charges
    240,329       223,608       204,017       173,311       170,852  
Less: Capitalized interest
    (1,059 )     (1,093 )     (1,301 )     (1,313 )     (1,376 )
 
                             
Adjusted earnings
  $ 1,563,516     $ 1,383,020     $ 1,236,462     $ 1,179,387     $ 1,105,626  
 
                             
 
                                       
Fixed charges:
                                       
Gross interest expense
  $ 164,712     $ 156,135     $ 143,860     $ 120,006     $ 121,592  
Amortization of debt expense
    8,962       6,495       3,644       1,837       1,719  
Interest portion of rent expense
    66,655       60,978       56,513       51,468       47,541  
 
                             
Fixed charges
  $ 240,329     $ 223,608     $ 204,017     $ 173,311     $ 170,852  
 
                             
 
                                       
Ratio of earnings to fixed charges
    6.5       6.2       6.1       6.8       6.5