Nine months ended

September 25,

September 26,

In millions

2011

2010

Earnings

Earnings before income taxes and noncontrolling interests

$

1,913

$

1,087

Add:

Fixed charges

80

74

Amortization of capitalized interest

2

3

Distributed income of equity investees

288

150

Less:

Equity in earnings of investees

284

239

Capitalized interest

2

4

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

1

—

Earnings before fixed charges

$

1,996

$

1,071

Fixed charges

Interest expense

$

34

$

29

Capitalized interest

2

4

Amortization of debt discount

2

6

Interest portion of rental expense (1)

42

35

Total fixed charges

$

80

$

74

Ratio of earnings to fixed charges

25.0

14.5