Nine Months Ended | ||||||||||
(Dollars in Millions) | Oct 1, 2016 | Sep 26, 2015 | ||||||||
Earnings1 | $ | 8,557 | $ | 10,128 | ||||||
Adjustments: | ||||||||||
Add - Fixed charges | 686 | 435 | ||||||||
Subtract - Capitalized interest | (82 | ) | (202 | ) | ||||||
Earnings and fixed charges (net of capitalized interest) | $ | 9,161 | $ | 10,361 | ||||||
Fixed charges: | ||||||||||
Interest2 | $ | 575 | $ | 211 | ||||||
Capitalized interest | 82 | 202 | ||||||||
Estimated interest component of rental expense | 29 | 22 | ||||||||
Total | $ | 686 | $ | 435 | ||||||
Ratio of earnings before taxes and fixed charges, to fixed charges | 13x | 24x |