Nine months ended

September 30,

September 25,

In millions

2012

2011

Earnings

Earnings before income taxes and noncontrolling interests

$

1,798

$

1,913

Add

Fixed charges

77

80

Amortization of capitalized interest

1

2

Distributed income of equity investees

218

288

Less

Equity in earnings of investees

272

284

Capitalized interest

5

2

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

1

1

Earnings before fixed charges

$

1,816

$

1,996

Fixed charges

Interest expense

$

25

$

34

Capitalized interest

5

2

Amortization of debt discount

3

2

Interest portion of rental expense (1)

44

42

Total fixed charges

$

77

$

80

Ratio of earnings to fixed charges

23.6

25.0