| Six Months Ended | ||||||||
| June 30, | July 1, | |||||||
| 2007 | 2006 | |||||||
Income before taxes |
$ | 3,402 | $ | 3,127 | ||||
Adjustments: |
||||||||
Add fixed charges |
59 | 74 | ||||||
Subtract interest capitalized |
(24 | ) | (32 | ) | ||||
Income before taxes and fixed
charges |
$ | 3,437 | $ | 3,169 | ||||
Fixed charges: |
||||||||
Interest1 |
$ | 7 | $ | 14 | ||||
Capitalized interest |
24 | 32 | ||||||
Estimated interest component
of rental expense |
28 | 28 | ||||||
Total |
$ | 59 | $ | 74 | ||||
Ratio of earnings before taxes and
fixed charges, to fixed charges |
58 | 43 | ||||||
| 1 Interest within provision for taxes on the consolidated condensed statements of income is not included. |