Nine Months Ended | |||||||||
(Dollars in Millions) | Sep 28, 2013 | Sep 29, 2012 | |||||||
Earnings1 | $ | 9,212 | $ | 11,809 | |||||
Adjustments: | |||||||||
Add - Fixed charges | 395 | 267 | |||||||
Subtract - Capitalized interest | (176 | ) | (171 | ) | |||||
Earnings and fixed charges (net of capitalized interest) | $ | 9,431 | $ | 11,905 | |||||
Fixed charges: | |||||||||
Interest2 | $ | 189 | $ | 66 | |||||
Capitalized interest | 176 | 171 | |||||||
Estimated interest component of rental expense | 30 | 30 | |||||||
Total | $ | 395 | $ | 267 | |||||
Ratio of earnings before taxes and fixed charges, to fixed charges | 24x | 45x |