Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - DARDEN RESTAURANTS INC | Financial_Report.xls |
| EX-32.A - SECTION 906 CERTIFICATION OF CEO - DARDEN RESTAURANTS INC | ex32aq3fy15.htm |
| EX-32.B - SECTION 906 CERTIFICATION OF CFO - DARDEN RESTAURANTS INC | ex32bq3fy15.htm |
| EX-31.B - SECTION 302 CERTIFICATION OF CFO - DARDEN RESTAURANTS INC | ex31bq3fy15.htm |
| EX-31.A - SECTION 302 CERTIFICATION OF CEO - DARDEN RESTAURANTS INC | ex31aq3fy15.htm |
| 10-Q - FORM 10-Q - DARDEN RESTAURANTS INC | q3fy1510-q.htm |
EXHIBIT 12
DARDEN RESTAURANTS, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
(Unaudited)
Three Months Ended | Nine Months Ended | ||||||||||||||
February 22, 2015 | February 23, 2014 | February 22, 2015 | February 23, 2014 | ||||||||||||
Consolidated earnings from continuing operations before income taxes | $ | 147.1 | $ | 89.1 | $ | 48.8 | $ | 140.8 | |||||||
Plus fixed charges: | |||||||||||||||
Gross interest expense(1) | 23.7 | 33.9 | 169.8 | 101.5 | |||||||||||
40% of restaurant and equipment minimum rent expense | 16.7 | 15.0 | 48.6 | 43.3 | |||||||||||
Total fixed charges | 40.4 | 48.9 | 218.4 | 144.8 | |||||||||||
Less capitalized interest | (0.2 | ) | (0.6 | ) | (1.1 | ) | (2.3 | ) | |||||||
Consolidated earnings from continuing operations before income taxes available to cover fixed charges | $ | 187.3 | $ | 137.4 | $ | 266.1 | $ | 283.3 | |||||||
Ratio of consolidated earnings from continuing operations to fixed charges | 4.6 | 2.8 | 1.2 | 2.0 | |||||||||||
(1) Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits