Year Ended | |||||||||||||||||||
September 27, 2015 | September 28, 2014 | September 29, 2013 | September 30, 2012 | September 25, 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income from continuing operations before income taxes and income (losses) from equity method investments | $ | 6,519 | $ | 8,788 | $ | 8,200 | $ | 6,571 | $ | 5,694 | |||||||||
Fixed charges (1) | 137 | 35 | 118 | 148 | 143 | ||||||||||||||
Cash distributions from equity method investments | 6 | — | 1 | 1 | — | ||||||||||||||
Less: Capitalized interest | — | — | (65 | ) | (29 | ) | — | ||||||||||||
Total earnings | $ | 6,662 | $ | 8,823 | $ | 8,254 | $ | 6,691 | $ | 5,837 | |||||||||
Fixed charges: (1) | |||||||||||||||||||
Interest | $ | 104 | $ | 5 | $ | 88 | $ | 119 | $ | 114 | |||||||||
Interest component of rental expense | 33 | 30 | 30 | 29 | 29 | ||||||||||||||
Total fixed charges | $ | 137 | $ | 35 | $ | 118 | $ | 148 | $ | 143 | |||||||||
Ratio of earnings to fixed charges | 49 x | 252 x | 70 x | 45 x | 41 x | ||||||||||||||
(1) | Fixed charges include interest expense (which includes amortization of debt issuance costs), whether expensed or capitalized, and the portion of operating rental expense that management believes is representative of the interest component of rent expense, which is estimated to be one-third of rental expense. |