Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10Q - DARDEN RESTAURANTS INC | d10q.htm |
| EXCEL - IDEA: XBRL DOCUMENT - DARDEN RESTAURANTS INC | Financial_Report.xls |
| EX-32.A - CERT - DARDEN RESTAURANTS INC | dex32a.htm |
| EX-32.B - CERT - DARDEN RESTAURANTS INC | dex32b.htm |
| EX-31.B - CERT - DARDEN RESTAURANTS INC | dex31b.htm |
| EX-31.A - CERT - DARDEN RESTAURANTS INC | dex31a.htm |
Exhibit 12
DARDEN RESTAURANTS, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
(Unaudited)
| Quarter Ended | Nine Months Ended | |||||||||||||||
| February 28, 2010 |
February 22, 2009 |
February 28, 2010 |
February 22, 2009 |
|||||||||||||
| Consolidated earnings from continuing operations before income taxes |
$ | 175.4 | $ | 148.5 | $ | 386.4 | $ | 345.4 | ||||||||
| Plus fixed charges: |
||||||||||||||||
| Gross interest expense(1) |
22.5 | 28.5 | 73.8 | 87.7 | ||||||||||||
| 40% of restaurant and equipment minimum rent expense |
11.3 | 10.8 | 33.2 | 31.8 | ||||||||||||
| Total fixed charges |
33.8 | 39.3 | 107.0 | 119.5 | ||||||||||||
| Less capitalized interest |
(1.2 | ) | (2.6 | ) | (3.8 | ) | (6.5 | ) | ||||||||
| Consolidated earnings from continuing operations before income taxes available to cover fixed charges |
$ | 208.0 | $ | 185.2 | $ | 489.6 | $ | 458.4 | ||||||||
| Ratio of consolidated earnings from continuing operations to fixed charges |
6.2 | 4.7 | 4.6 | 3.8 | ||||||||||||
| (1) | Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits. |