Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In millions, except ratio of earnings to fixed charges)
Nine Months Ended | Year Ended December 31, | |||||||||||||||||||||||||||
Oct 2, 2004 | Sept 27, 2003 | 2003 | 2002 | 2001 | 2000 | 1999 | ||||||||||||||||||||||
Income before provision for income taxes, minority interests in consolidated subsidiaries, equity in net income of afffiliates and cumulative effect of a change in accounting principle | $ | 398.4 | $ | 350.7 | $ | 534.4 | $ | 480.5 | $ | 97.4 | $ | 484.2 | $ | 443.0 | ||||||||||||||
Fixed charges | 152.3 | 174.1 | 226.4 | 249.3 | 293.6 | 349.3 | 253.8 | |||||||||||||||||||||
Distributed income of affiliates | 2.4 | 8.3 | 8.7 | 5.9 | 4.2 | 2.0 | 1.8 | |||||||||||||||||||||
Earnings | $ | 553.1 | $ | 533.1 | $ | 769.5 | $ | 735.7 | $ | 395.2 | $ | 835.5 | $ | 698.6 | ||||||||||||||
Interest expense | $ | 121.6 | $ | 144.7 | $ | 186.6 | $ | 210.5 | $ | 254.7 | $ | 316.2 | $ | 235.1 | ||||||||||||||
Portion of lease expense representative of interest | 30.7 | 29.4 | 39.8 | 38.8 | 38.9 | 33.1 | 18.7 | |||||||||||||||||||||
Fixed charges | $ | 152.3 | $ | 174.1 | $ | 226.4 | $ | 249.3 | $ | 293.6 | $ | 349.3 | $ | 253.8 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 3.6 | 3.1 | 3.4 | 3.0 | 1.3 | 2.4 | 2.8 | |||||||||||||||||||||
Fixed Charges in Excess of Earnings | — | — | — | — | — | — | — |