Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Two Quarters Ended | Year Ended | |||||||||||||||||||||||
| December 28, 2012 | June 29, 2012 | July 1, 2011 | July 2, 2010 | July 3, 2009 | June 27, 2008 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 387.8 | $ | 841.9 | $ | 905.5 | $ | 876.4 | $ | 729.0 | $ | 636.4 | ||||||||||||
Plus: Fixed charges | 58.6 | 119.2 | 100.3 | 79.7 | 59.2 | 64.3 | ||||||||||||||||||
Amortization of capitalized interest | — | 0.1 | — | — | — | — | ||||||||||||||||||
Less: Interest capitalized during the period | (0.1 | ) | — | (1.6 | ) | (0.3 | ) | (0.2 | ) | | (0.1 | ) | ||||||||||||
Undistributed earnings in equity investments | — | — | — | — | — | | — | | ||||||||||||||||
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| $ | 446.3 | $ | 961.2 | $ | 1,004.2 | $ | 955.8 | $ | 788.0 | $ | 700.6 | |||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest Expense | $ | 55.5 | $ | 113.2 | $ | 90.4 | $ | 72.1 | $ | 52.8 | $ | 53.1 | ||||||||||||
Plus: Interest capitalized during the period | 0.1 | — | 1.6 | 0.3 | 0.2 | 0.1 | ||||||||||||||||||
Interest portion of rental expense | 3.0 | 6.0 | 8.3 | 7.3 | 6.2 | 11.1 | ||||||||||||||||||
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| $ | 58.6 | $ | 119.2 | $ | 100.3 | $ | 79.7 | $ | 59.2 | $ | 64.3 | |||||||||||||
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Ratio of Earnings to Fixed Charges | 7.62 | 8.06 | 10.01 | 11.99 | 13.31 | 10.90 | ||||||||||||||||||
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