Nine months ended | ||||||||
September 29, | September 30, | |||||||
In millions | 2013 | 2012 | ||||||
Earnings | ||||||||
Earnings before income taxes and noncontrolling interests | $ | 1,572 | $ | 1,798 | ||||
Add | ||||||||
Fixed charges | 79 | 77 | ||||||
Amortization of capitalized interest | 1 | 1 | ||||||
Distributed income of equity investees | 162 | 218 | ||||||
Less | ||||||||
Equity in earnings of investees | 254 | 272 | ||||||
Capitalized interest | 5 | 5 | ||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | — | 1 | ||||||
Earnings before fixed charges | $ | 1,555 | $ | 1,816 | ||||
Fixed charges | ||||||||
Interest expense | $ | 22 | $ | 25 | ||||
Capitalized interest | 5 | 5 | ||||||
Amortization of debt discount | 8 | 3 | ||||||
Interest portion of rental expense (1) | 44 | 44 | ||||||
Total fixed charges | $ | 79 | $ | 77 | ||||
Ratio of earnings to fixed charges | 19.7 | 23.6 | ||||||