Exhibit 12.1
Kellogg Company
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions) | Nine Months Ended October 3, 2009 | Fiscal Year Ended | |||||||||||||||||||
January 3, 2009 | December 29, 2007 | December 30, 2006 | December 31, 2005 | January 1, 2005 | |||||||||||||||||
Fixed Charges: | |||||||||||||||||||||
Interest Expense, prior to amounts capitalized | $ | 202 | $ | 314 | $ | 324 | $ | 310 | $ | 302 | $ | 310 | |||||||||
Interest included in interest expense not related to third party indebtedness (tax interest) | (3 | ) | 2 | (9 | ) | — | — | — | |||||||||||||
Portions of Rental Expense Representing Interest | 38 | 48 | 45 | 41 | 38 | 36 | |||||||||||||||
Total Fixed Charges (B) | $ | 237 | $ | 364 | $ | 360 | $ | 351 | $ | 340 | $ | 346 | |||||||||
Earnings before income taxes | $ | 1,449 | $ | 1,632 | $ | 1,548 | $ | 1,472 | $ | 1,425 | $ | 1,366 | |||||||||
Interest Expense, as reported | 199 | 308 | 319 | 307 | 300 | 309 | |||||||||||||||
Interest on uncertain tax positions included in pre-tax income | 3 | (2 | ) | 9 | — | — | — | ||||||||||||||
Amortization of capitalized interest | 5 | 5 | 6 | 5 | 9 | 9 | |||||||||||||||
Portions of Rental Expense Representing Interest | 38 | 48 | 45 | 41 | 38 | 36 | |||||||||||||||
Earnings Before Income Taxes and Fixed Charges (A) | $ | 1,694 | $ | 1,991 | $ | 1,927 | $ | 1,825 | $ | 1,772 | $ | 1,720 | |||||||||
Ratio of Earnings to Fixed Charges (A/B) | 7.1 | 5.5 | 5.4 | 5.2 | 5.2 | 5.0 |