Exhibit 99.3
Unaudited Pro Forma Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratio)
Fifty-two weeks ended May 26, 2013 | ||||
Earnings: | ||||
Income from continuing operations before income taxes and equity method investment earnings | $ | 1,275 | ||
Add (deduct): | ||||
Fixed charges | 468 | |||
Distributed income of equity method investees | 26 | |||
Capitalized interest | (6 | ) | ||
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Earnings available for fixed charges (a) | $ | 1,763 | ||
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Fixed charges: | ||||
Interest expense | $ | 403 | ||
Capitalized interest | 6 | |||
One third of rental expense (1) | 59 | |||
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Total fixed charges (b) | $ | 468 | ||
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Pro forma ratio of earnings to fixed charges (a/b) | 3.8 |
(1) | Considered to be representative of interest factor in rental expense. |
1