EXHIBIT 12
SODEXHO MARRIOTT SERVICES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ in millions)
FISCAL YEAR FISCAL YEAR 34 WEEKS FISCAL YEAR ENDED
-------------------------------
2000 1999 AUGUST 28, 1998 1997 1996 1995
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Income Before Extraordinary Item $ 63 $ 51 $ 58 $335 $306 $247
Add / (Deduct):
Tax and Extraordinary Item 49 41 42 219 196 165
Fixed Charges 85 88 65 179 142 107
Interest Capitalized as Property and Equipment -- -- -- (16) (9) (8)
(Income) / Loss Related to certain 50%-or-Less-
Owned-Affiliates -- -- -- -- 1 --
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Earnings Available For Fixed Charges $197 $180 $165 $717 $636 $511
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Fixed Charges:
Interest Including Amounts Capitalized as
Property and Equipment $ 85 $ 88 $ 65 $126 $94 $61
Portion of Rental Expense Representative of
Interest -- -- -- 53 48 45
Share of Interest Expense of certain 50%-or-Less-
Owned-Affiliates -- -- -- -- -- 1
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Total Fixed Charges $ 85 $ 88 $ 65 $179 $142 $107
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Ratio of Earnings to Fixed Charges 2.3 2.0 2.5 4.0 4.5 4.8
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<FN>
For the purpose of computing the ratio of earnings to fixed charges as
prescribed by the rules and regulations of the Commission, earnings represent
income before cumulative effect of a change in accounting principle and
extraordinary item, plus, when applicable, (a) taxes on such income, (b) fixed
charges, and (c) the Company's equity interest in losses of certain
50%-or-less-owned-affiliates; less (x) undistributed earnings of
50%-or-less-owned-affiliates, and (y) interest capitalized. Fixed charges
represent interest (including amounts capitalized), representative of interest,
and when applicable, the Company's share of the interest expense of certain
50%-or-less-owned-affiliates.
</FN>