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EXHIBIT 12
DARDEN RESTAURANTS, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
(Unaudited)
| Three Months Ended | |||||||
| August 25, 2013 | August 26, 2012 | ||||||
| Consolidated earnings from continuing operations before income taxes | $ | 88.7 | $ | 146.3 | |||
| Plus fixed charges: | |||||||
Gross interest expense(1) | 33.8 | 29.0 | |||||
| 40% of restaurant and equipment minimum rent expense | 17.0 | 13.9 | |||||
| Total fixed charges | 50.8 | 42.9 | |||||
| Less capitalized interest | (1.0 | ) | (0.8 | ) | |||
| Consolidated earnings from continuing operations before income taxes available to cover fixed charges | $ | 138.5 | $ | 188.4 | |||
| Ratio of consolidated earnings from continuing operations to fixed charges | 2.7 | 4.4 | |||||
(1) Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits