Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - KELLOGG CO | d487049d8k.htm |
| EX-4.1 - OFFICERS' CERTIFICATE OF KELLOGG COMPANY - KELLOGG CO | d487049dex41.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - KELLOGG CO | d487049dex11.htm |
Exhibit 12.1
Kellogg Company
Computation of Ratio of Earnings to Fixed Charges
| Nine Months Ended |
Fiscal Year Ended | |||||||||||||||||||||||
| (dollars in millions) | September 29, 2012 |
December 31, 2011 |
January 1, 2011 |
January 2, 2010 |
January 3, 2009 |
December 29, 2007 |
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| Fixed charges: |
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| Interest expense, prior to amounts capitalized |
$ | 197 | $ | 237 | $ | 250 | $ | 299 | $ | 314 | $ | 324 | ||||||||||||
| Interest included in interest expense not related to third party indebtedness (interest on uncertain tax positions) |
(3 | ) | 3 | (2 | ) | 1 | 2 | (9 | ) | |||||||||||||||
| Portions of rental expense representing interest |
44 | 55 | 51 | 50 | 48 | 45 | ||||||||||||||||||
| Less: interest expense related to the early redemption of long-term debt |
— | — | — | (35 | ) | — | (5 | ) | ||||||||||||||||
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| Total fixed charges (B) |
$ | 238 | $ | 295 | $ | 299 | $ | 315 | $ | 364 | $ | 355 | ||||||||||||
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| Earnings before income taxes |
$ | 1,335 | $ | 1,732 | $ | 1,743 | $ | 1,684 | $ | 1,632 | $ | 1,548 | ||||||||||||
| Fixed charges |
238 | 295 | 299 | 315 | 364 | 355 | ||||||||||||||||||
| Interest on uncertain tax positions included in pre-tax income |
3 | (3 | ) | 2 | (1 | ) | (2 | ) | 9 | |||||||||||||||
| Amortization of capitalized interest |
4 | 5 | 6 | 6 | 5 | 6 | ||||||||||||||||||
| Less: interest capitalized |
(2 | ) | (5 | ) | (2 | ) | (3 | ) | (5 | ) | (5 | ) | ||||||||||||
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| Earnings before income taxes and fixed charges (A) |
$ | 1,578 | $ | 2,024 | $ | 2,048 | $ | 2,001 | $ | 1,994 | $ | 1,913 | ||||||||||||
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| Ratio of earnings to fixed charges (A/B) |
6.6 | 6.9 | 6.8 | 6.4 | 5.5 | 5.4 | ||||||||||||||||||