Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio of earnings to fixed charges)
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| Nine Months Ended |
| Year Ended |
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| September |
| October 1, |
| December 31, |
| December 25, |
| December 26, |
| December 28, |
| December 29, |
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Earnings: |
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Loss from continuing operations before income taxes |
| $ | (37,502 | ) | $ | (26,849 | ) | $ | (52,849 | ) | $ | (85,595 | ) | $ | (539,272 | ) | $ | (45,766 | ) | $ | (7,217 | ) |
Fixed charges |
| 43,655 |
| 55,519 |
| 70,492 |
| 86,697 |
| 112,987 |
| 87,290 |
| 76,589 |
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Total earnings |
| $ | 6,153 |
| $ | 28,670 |
| $ | 17,643 |
| $ | 1,102 |
| $ | (426,285 | ) | $ | 41,524 |
| $ | 69,372 |
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Fixed charges: |
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Interest expense |
| $ | 42,122 |
| $ | 53,896 |
| $ | 68,333 |
| $ | 84,204 |
| $ | 109,527 |
| $ | 84,923 |
| $ | 74,675 |
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Implicit interest in rent expense |
| 1,533 |
| 1,623 |
| 2,159 |
| 2,493 |
| 3,460 |
| 2,367 |
| 1,914 |
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Total fixed charges |
| $ | 43,655 |
| $ | 55,519 |
| $ | 70,492 |
| $ | 86,697 |
| $ | 112,987 |
| $ | 87,290 |
| $ | 76,589 |
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Ratio of earnings to fixed charges |
| 0.14x |
| 0.52x |
| 0.25x |
| 0.01x |
| (3.77)x |
| 0.48x |
| 0.91x |
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