Attached files
Exhibit 12
DARDEN RESTAURANTS, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
(Unaudited)
| Quarter Ended | Six Months Ended | |||||||||||||||
| November 29, 2009 |
November 23, 2008 |
November 29, 2009 |
November 23, 2008 |
|||||||||||||
| Consolidated earnings from continuing operations before income taxes |
$ | 80.7 | $ | 82.5 | $ | 210.9 | $ | 196.9 | ||||||||
| Plus fixed charges: |
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| Gross interest expense(1) |
24.8 | 30.1 | 51.3 | 59.2 | ||||||||||||
| 40% of restaurant and equipment minimum rent expense |
11.0 | 10.6 | 21.9 | 21.0 | ||||||||||||
| Total fixed charges |
35.8 | 40.7 | 73.2 | 80.2 | ||||||||||||
| Less capitalized interest |
(0.1 | ) | (2.1 | ) | (2.6 | ) | (3.8 | ) | ||||||||
| Consolidated earnings from continuing operations before income taxes available to cover fixed charges |
$ | 116.4 | $ | 121.1 | $ | 281.5 | $ | 273.3 | ||||||||
| Ratio of consolidated earnings from continuing operations to fixed charges |
3.3 | 3.0 | 3.8 | 3.4 | ||||||||||||
| (1) | Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits. |