Six Months Ended | ||||||||||
(Dollars in Millions) | Jun 28, 2014 | Jun 29, 2013 | ||||||||
Earnings1 | $ | 6,694 | $ | 5,239 | ||||||
Adjustments: | ||||||||||
Add - Fixed charges | 245 | 274 | ||||||||
Subtract - Capitalized interest | (140 | ) | (121 | ) | ||||||
Earnings and fixed charges (net of capitalized interest) | $ | 6,799 | $ | 5,392 | ||||||
Fixed charges: | ||||||||||
Interest2 | $ | 86 | $ | 133 | ||||||
Capitalized interest | 140 | 121 | ||||||||
Estimated interest component of rental expense | 19 | 20 | ||||||||
Total | $ | 245 | $ | 274 | ||||||
Ratio of earnings before taxes and fixed charges, to fixed charges | 28x | 20x |