For the Three |
For the Nine |
|||||||||||||||||||||||||||
Months Ended | Months Ended | Year Ended Last Friday in December | ||||||||||||||||||||||||||
September 29, |
September 29, |
2005(a) | 2004(a) | 2003(a) | 2002(a) | 2001(a) | ||||||||||||||||||||||
2006 | 2006 | (52 weeks) | (53 weeks) | (52 weeks) | (52 weeks) | (52 weeks) | ||||||||||||||||||||||
Pre-tax earnings
(loss)(b)
|
$ | 4,013 | $ | 6,766 | $ | 6,814 | $ | 5,436 | $ | 5,040 | $ | 2,343 | $ | (228 | ) | |||||||||||||
Add: Fixed charges (excluding
capitalized interest and preferred security dividend
requirements of subsidiaries)
|
9,490 | 25,707 | 21,967 | 10,734 | 8,195 | 10,164 | 17,690 | |||||||||||||||||||||
Pre-tax earnings before fixed
charges
|
13,503 | 32,473 | 28,781 | 16,170 | 13,235 | 12,507 | 17,462 | |||||||||||||||||||||
Fixed charges:
|
||||||||||||||||||||||||||||
Interest
|
9,434 | 25,540 | 21,752 | 10,530 | 8,003 | 9,958 | 17,437 | |||||||||||||||||||||
Other(c)
|
56 | 167 | 215 | 204 | 193 | 206 | 260 | |||||||||||||||||||||
Total fixed charges
|
9,490 | 25,707 | 21,967 | 10,734 | 8,196 | 10,164 | 17,697 | |||||||||||||||||||||
Preferred stock dividend
requirements
|
67 | 189 | 100 | 54 | 52 | 51 | 54 | |||||||||||||||||||||
Total combined fixed charges and
preferred stock dividends
|
$ | 9,557 | $ | 25,896 | $ | 22,067 | $ | 10,788 | $ | 8,248 | $ | 10,215 | $ | 17,751 | ||||||||||||||
Ratio of earnings to fixed
charges
|
1.42 | 1.26 | 1.31 | 1.51 | 1.61 | 1.23 | 0.99 | (d) | ||||||||||||||||||||
Ratio of earnings to combined
fixed charges and preferred stock dividends
|
1.41 | 1.25 | 1.30 | 1.50 | 1.60 | 1.22 | 0.98 | (d) | ||||||||||||||||||||
(a) | Certain prior period amounts have been reclassified to conform to the current period presentation. | |
(b) | Excludes undistributed earnings (loss) from equity investments. | |
(c) | Other fixed charges consist of the interest factor in rentals, amortization of debt issuance costs, preferred security dividend requirements of subsidiaries, and capitalized interest. | |
(d) | Earnings were insufficient to cover fixed charges and combined fixed charges and preferred dividend requirements by $235 million and $289 million, respectively. |
84