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10-Q - FORM 10-Q - Avery Dennison Corpv58917e10vq.htm
EX-10.1 - EX-10.1 - Avery Dennison Corpv58917exv10w1.htm
EX-32.2 - EX-32.2 - Avery Dennison Corpv58917exv32w2.htm
EX-31.1 - EX-31.1 - Avery Dennison Corpv58917exv31w1.htm
EX-31.2 - EX-31.2 - Avery Dennison Corpv58917exv31w2.htm
EX-32.1 - EX-32.1 - Avery Dennison Corpv58917exv32w1.htm
EX-10.35 - EX-10.35 - Avery Dennison Corpv58917exv10w35.htm
EX-10.36 - EX-10.36 - Avery Dennison Corpv58917exv10w36.htm
EX-10.18.2 - EX-10.18.2 - Avery Dennison Corpv58917exv10w18w2.htm
EX-10.31.2 - EX-10.31.2 - Avery Dennison Corpv58917exv10w31w2.htm
EXCEL - IDEA: XBRL DOCUMENT - Avery Dennison CorpFinancial_Report.xls
Exhibit 12
Avery Dennison Corporation
AVERY DENNISON CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                 
    Three Months Ended  
(Dollars in millions)   April 2, 2011     April 3, 2010  
 
Earnings:
               
Income before taxes
  $ 67.4     $ 76.9  
Add: Fixed charges (1)
    28.2       27.8  
Amortization of capitalized interest
    .9       .9  
Less: Capitalized interest
    (1.2 )     (1.1 )
 
 
  $ 95.3     $ 104.5  
 
Fixed charges: (1)
               
Interest expense
  $ 17.9     $ 17.5  
Capitalized interest
    1.2       1.1  
Interest portion of leases
    9.1       9.2  
 
 
  $ 28.2     $ 27.8  
 
Ratio of Earnings to Fixed Charges
    3.4       3.8  
 
(1)   The ratios of earnings to fixed charges were computed by dividing earnings by fixed charges. For this purpose, “earnings” consist of income before taxes plus fixed charges and amortization of capitalized interest, less capitalized interest. “Fixed charges” consist of interest expense, capitalized interest and the portion of rent expense (estimated to be 35%) on operating leases deemed representative of interest.