EX-12 2 dex12.htm COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS Computation of Ratio of Consolidated Earnings

Exhibit 12

DARDEN RESTAURANTS, INC.

COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES

(Dollar amounts in millions)

(Unaudited)

 

     Quarter Ended     Nine Months Ended  
     February 25,
2007
    February 26,
2006
    February 25,
2007
    February 26,
2006
 

Consolidated earnings from operations before income taxes

   $ 137.8     $ 139.1     $ 354.1     $ 348.0  

Plus fixed charges:

        

Gross interest expense

     11.3       12.1       33.1       38.3  

40% of restaurant and equipment minimum rent expense

     7.3       6.8       21.6       19.9  
                                

Total fixed charges

     18.6       18.9       54.7       58.2  

Less capitalized interest

     (0.9 )     (0.8 )     (1.9 )     (2.4 )
                                

Consolidated earnings from operations before income taxes available to cover fixed charges

   $ 155.5     $ 157.2     $ 406.9     $ 403.8  
                                

Ratio of consolidated earnings to fixed charges

     8.36       8.31       7.44       6.93