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EXHIBIT 12.1
SARA LEE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
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Thirteen Weeks Ended |
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September 30, 2000 |
October 2, 1999 |
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| Fixed charges: | |||||||||
| Interest expense | $ | 82 | $ | 54 | |||||
| Interest portion of rental expense | 17 | 16 | |||||||
| Total fixed charges before capitalized interest | 99 | 70 | |||||||
| Capitalized interest | 3 | 3 | |||||||
| Total fixed charges | $ | 102 | $ | 73 | |||||
| Earnings available for fixed charges: |
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| Income from continuing operations before income taxes | $ | 304 | $ | 326 | |||||
| Less undistributed income in minority-owned companies | (4 | ) | (2 | ) | |||||
| Add minority interest in majority-owned subsidiaries | 12 | 9 | |||||||
| Add amortization of capitalized interest | 6 | 6 | |||||||
| Add fixed charges before capitalized interest | 99 | 70 | |||||||
| Total earnings available for fixed charges | $ | 417 | $ | 409 | |||||
| Ratio of earnings to fixed charges | 4.1 | 5.6 | |||||||
30
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