STATEMENT RE COMPUTATION OF RATIOS
Published on March 30, 2010
EXHIBIT 12
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions, except ratios)
| Fiscal Year | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| Income from continuing operations before income taxes |
$ | 22,066 | $ | 20,898 | $ | 20,158 | $ | 18,968 | $ | 17,513 | ||||||||||
| Capitalized interest |
(85 | ) | (88 | ) | (150 | ) | (182 | ) | (157 | ) | ||||||||||
| Noncontrolling interest |
(513 | ) | (499 | ) | (406 | ) | (425 | ) | (324 | ) | ||||||||||
| Adjusted income before income taxes |
21,468 | 20,311 | 19,602 | 18,361 | 17,032 | |||||||||||||||
| Fixed Charges: |
||||||||||||||||||||
| Interest * |
2,160 | 2,267 | 2,267 | 2,009 | 1,603 | |||||||||||||||
| Interest component of rent |
597 | 406 | 464 | 368 | 328 | |||||||||||||||
| Total fixed charges |
2,757 | 2,673 | 2,731 | 2,377 | 1,931 | |||||||||||||||
| Income from continuing operations before income taxes and fixed charges |
$ | 24,225 | $ | 22,984 | $ | 22,333 | $ | 20,738 | $ | 18,963 | ||||||||||
| Ratio of earnings to fixed charges |
8.8 | 8.6 | 8.2 | 8.7 | 9.8 | |||||||||||||||
* Includes interest on debt, capital leases, uncertain tax positions, amortization of debt issuance costs and capitalized interest.