Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - KELLOGG CO | d8k.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - KELLOGG CO | dex11.htm |
| EX-4.1 - OFFICERS' CERTIFICATE OF KELLOGG COMPANY - KELLOGG CO | dex41.htm |
Exhibit 12.1
Kellogg Company
Computation of Ratio of Earnings to Fixed Charges
| Nine Months | Fiscal Year Ended | |||||||||||||||||||||||
| (dollars in millions) | October 2, 2010 |
January 2, 2010 |
January 3, 2009 |
December 29, 2007 |
December 30, 2006 |
December 31, 2005 |
||||||||||||||||||
| Fixed charges: |
||||||||||||||||||||||||
| Interest expense, prior to amounts capitalized |
$ | 189 | $ | 299 | $ | 314 | $ | 324 | $ | 310 | $ | 302 | ||||||||||||
| Interest included in interest expense not related to third party indebtedness (interest on uncertain tax positions) |
(4 | ) | 1 | 2 | (9 | ) | — | — | ||||||||||||||||
| Portions of rental expense representing interest |
38 | 50 | 48 | 45 | 41 | 38 | ||||||||||||||||||
| Less: interest expense related to the early redemption of long-term debt |
— | (35 | ) | — | (5 | ) | — | (13 | ) | |||||||||||||||
| Total fixed charges (B) |
$ | 223 | $ | 315 | $ | 364 | $ | 355 | $ | 351 | $ | 327 | ||||||||||||
| Earnings before income taxes |
$ | 1,483 | $ | 1,684 | $ | 1,632 | $ | 1,548 | $ | 1,472 | $ | 1,425 | ||||||||||||
| Fixed charges |
223 | 315 | 364 | 355 | 351 | 327 | ||||||||||||||||||
| Interest on uncertain tax positions included in pre-tax income |
4 | (1 | ) | (2 | ) | 9 | — | — | ||||||||||||||||
| Amortization of capitalized interest |
5 | 6 | 5 | 6 | 5 | 9 | ||||||||||||||||||
| Less: interest capitalized |
(1 | ) | (3 | ) | (5 | ) | (5 | ) | (3 | ) | (1 | ) | ||||||||||||
| Earnings before income taxes and fixed charges (A) |
$ | 1,714 | $ | 2,001 | $ | 1,994 | $ | 1,913 | $ | 1,825 | $ | 1,760 | ||||||||||||
| Ratio of earnings to fixed charges (A/B) |
7.7 | 6.4 | 5.5 | 5.4 | 5.2 | 5.4 | ||||||||||||||||||