Six months ended

July 1,

July 2,

2007

2006

Millions

Earnings

Earnings before income taxes and minority interests

$

567

$

527

Add:

   Fixed charges

52

71

   Amortization of capitalized interest

3

3

   Distributed income of equity investees

55

34

Less:

   Equity in earnings of investees

83

60

   Capitalized interest

3

2

Earnings before fixed charges

$

591

$

573

Fixed charges

Interest expense

$

30

$

53

Capitalized interest

3

2

Amortization of debt discount

1

-

Interest portion of rental expense (1)

18

16

Total fixed charges

$

52

$

71

Ratio of earnings to fixed charges

11.4

8.1

(1) Amounts represent those portions of rent expense that are reasonable approximations of interest costs.