SYSCO CORP - FORM 10-Q - EX-12.1

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EXCEL - IDEA: XBRL DOCUMENT - SYSCO CORP	Financial_Report.xls
EX-32.1 - EX-32.1 - SYSCO CORP	syy-20140927ex321136b49.htm
EX-10.1 - EX-10.1 - SYSCO CORP	syy-20140927ex1019146a2.htm
EX-32.2 - EX-32.2 - SYSCO CORP	syy-20140927ex322e1ae5e.htm
EX-15.1 - EX-15.1 - SYSCO CORP	syy-20140927ex1515e2641.htm
EX-31.2 - EX-31.2 - SYSCO CORP	syy-20140927ex312a84d76.htm
EX-31.1 - EX-31.1 - SYSCO CORP	syy-20140927ex311bb4aa5.htm
EX-15.2 - EX-15.2 - SYSCO CORP	syy-20140927ex152208ed4.htm
10-Q - 10-Q - SYSCO CORP	syy-20140927x10q.htm

											Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	13-Week Period Ending		Fiscal Year
(dollars in thousands)	Sep. 27, 2014		June 28, 2014		June 29, 2013		June 30, 2012		July 2, 2011		July 3, 2010 (2)

Earnings before income taxes	$	436,867	$	1,475,624	$	1,547,455	$	1,784,002	$	1,827,454	$	1,849,589
Add: Fixed charges		37,425		147,922		153,840		154,965		151,990		155,644
Subtract: Capitalized interest		346		1,097		4,242		20,816		13,887		9,997
Total	$	473,946	$	1,622,449	$	1,697,053	$	1,918,151	$	1,965,557	$	1,995,236

Fixed Charges:
Interest expense	$	30,934	$	123,741	$	128,495	$	113,396	$	118,267	$	125,477
Capitalized interest		346		1,097		4,242		20,816		13,887		9,997
Rent expense interest factor		6,145		23,084		21,103		20,753		19,836		20,170
Total	$	37,425	$	147,922	$	153,840	$	154,965	$	151,990	$	155,644

Ratio of earnings to fixed charges (1)		12.7		11.0		11.0		12.4		12.9		12.8

(1) For the purpose of calculating this ratio, “earnings” consist of earnings before income taxes and fixed charges (exclusive of interest capitalized). “Fixed charges” consist of interest expense, capitalized interest and the estimated interest portion of rents.
(2) The fiscal year ended July 3, 2010 was a 53-week year.

SYSCO CORP - FORM 10-Q - EX-12.1 - November 3, 2014