Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - KELLOGG CO | d8k.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - KELLOGG CO | dex11.htm |
| EX-4.2 - OFFICERS' CERTIFICATE - KELLOGG CO | dex42.htm |
Exhibit 12.1
Kellogg Company
Computation of Ratio of Earnings to Fixed Charges
| (dollars in millions) |
Nine Months Ended October 3, 2009 |
Fiscal Year Ended | |||||||||||||||||||
| January 3, 2009 |
December 29, 2007 |
December 30, 2006 |
December 31, 2005 |
January 1, 2005 | |||||||||||||||||
| Fixed Charges: |
|||||||||||||||||||||
| Interest Expense, prior to amounts capitalized |
$ | 202 | $ | 314 | $ | 324 | $ | 310 | $ | 302 | $ | 310 | |||||||||
| Interest included in interest expense not related to third party indebtedness (tax interest) |
(3 | ) | 2 | (9 | ) | — | — | — | |||||||||||||
| Portions of Rental Expense Representing Interest |
38 | 48 | 45 | 41 | 38 | 36 | |||||||||||||||
| Total Fixed Charges (B) |
$ | 237 | $ | 364 | $ | 360 | $ | 351 | $ | 340 | $ | 346 | |||||||||
| Earnings before income taxes |
$ | 1,449 | $ | 1,632 | $ | 1,548 | $ | 1,472 | $ | 1,425 | $ | 1,366 | |||||||||
| Interest Expense, as reported |
199 | 308 | 319 | 307 | 300 | 309 | |||||||||||||||
| Interest on uncertain tax positions included in pre-tax income |
3 | (2 | ) | 9 | — | — | — | ||||||||||||||
| Amortization of capitalized interest |
5 | 5 | 6 | 5 | 9 | 9 | |||||||||||||||
| Portions of Rental Expense Representing Interest |
38 | 48 | 45 | 41 | 38 | 36 | |||||||||||||||
| Earnings Before Income Taxes and Fixed Charges (A) |
$ | 1,694 | $ | 1,991 | $ | 1,927 | $ | 1,825 | $ | 1,772 | $ | 1,720 | |||||||||
| Ratio of Earnings to Fixed Charges (A/B) |
7.1 | 5.5 | 5.4 | 5.2 | 5.2 | 5.0 | |||||||||||||||