1 EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Three Quarters Ended April 2, April 3, 1999 1998 ------- ------- (Millions of Dollars, Except Ratios) EARNINGS: Net income . . . . . . . . . . . . . . . . . . . . . $122.6 $156.2 Plus: Income taxes. . . . . . . . . . . . . . . . . 63.1 80.5 Fixed charges . . . . . . . . . . . . . . . . 80.7 73.5 Amortization of capitalized interest. . . . . 1.0 .9 Less: Interest capitalized during the period. . . . (.2) (6.3) ------ ------ $267.2 $304.8 ====== ====== FIXED CHARGES: Interest expense . . . . . . . . . . . . . . . . . . $ 63.9 $ 53.2 Plus: Interest capitalized during the period. . . . .2 6.3 Portion of rents deemed representative of the interest factor. . . . . . . . . . . . . . . 16.6 14.0 ------ ------ $ 80.7 $ 73.5 ====== ====== RATIO OF EARNINGS TO FIXED CHARGES . . . . . . . . . 3.31 4.15 ====== ======