Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the 9 months ended October 1, 2011 and for the fiscal years ended January 1, 2011, January 2, 2010,
January 3, 2009, December 29, 2007 and December 30, 2006
(Millions of Dollars)
For the nine months ended October 1, 2011 | Fiscal Year | |||||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
Earnings from continuing operations before income taxes and non-controlling interests | $ | 595.4 | $ | 237.1 | $ | 283.3 | $ | 293.2 | $ | 429.3 | $ | 351.5 | ||||||||||||
Add: | ||||||||||||||||||||||||
Interest expense | 103.6 | 110.0 | 63.7 | 92.1 | 92.8 | 69.3 | ||||||||||||||||||
Portion of rents representative of interest factor | 12.2 | 17.9 | 6.3 | 8.7 | 9.3 | 8.1 | ||||||||||||||||||
Distributed income of equity investees | 2.8 | 3.5 | — | — | — | — | ||||||||||||||||||
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Income as adjusted | $ | 714.0 | $ | 368.5 | $ | 353.3 | $ | 394.0 | $ | 531.4 | $ | 428.9 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 103.6 | $ | 110.0 | $ | 63.7 | $ | 92.1 | $ | 92.8 | $ | 69.3 | ||||||||||||
Portion of rents representative of interest factor | 12.2 | 17.9 | 6.3 | 8.7 | 9.3 | 8.1 | ||||||||||||||||||
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Fixed charges | $ | 115.8 | $ | 127.9 | $ | 70.0 | $ | 100.8 | $ | 102.1 | $ | 77.4 | ||||||||||||
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Ratio of earnings to fixed charges | 6.2 | 2.9 | 5.0 | 3.9 | 5.2 | 5.5 | ||||||||||||||||||
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