Three months ended

In millions 

April 1, 2012

March 27, 2011

Earnings

Earnings before income taxes and noncontrolling interests

$

650

$

522

Add

Fixed charges

25

25

Amortization of capitalized interest

1

1

Distributed income of equity investees

31

22

Less

Equity in earnings of investees

92

87

Capitalized interest

2

1

Earnings before fixed charges

$

613

$

482

Fixed charges

Interest expense

$

8

$

10

Capitalized interest

2

1

Amortization of debt discount

—

1

Interest portion of rental expense (1)

15

13

Total fixed charges

$

25

$

25

Ratio of earnings to fixed charges

24.5

19.3

(1)

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