Three Months Ended March 30, 2012 | Year Ended December 31, | |||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||
(In millions except ratios) | As Adjusted | |||||||||||||||||
EARNINGS: | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 2,725 | $ | 11,458 | $ | 14,207 | $ | 8,902 | $ | 7,525 | $ | 7,943 | ||||||
Fixed charges | 111 | 505 | 792 | 422 | 513 | 524 | ||||||||||||
Less: | ||||||||||||||||||
Capitalized interest, net | — | (1 | ) | (1 | ) | (4 | ) | (7 | ) | (12 | ) | |||||||
Equity (income) loss — net of dividends | (133 | ) | (269 | ) | (671 | ) | (359 | ) | 1,128 | (452 | ) | |||||||
Adjusted earnings | $ | 2,703 | $ | 11,693 | $ | 14,327 | $ | 8,961 | $ | 9,159 | $ | 8,003 | ||||||
FIXED CHARGES: | ||||||||||||||||||
Gross interest incurred | $ | 88 | $ | 418 | $ | 734 | $ | 359 | $ | 445 | $ | 468 | ||||||
Interest portion of rent expense | 23 | 87 | 58 | 63 | 68 | 56 | ||||||||||||
Total fixed charges | $ | 111 | $ | 505 | $ | 792 | $ | 422 | $ | 513 | $ | 524 | ||||||
Ratios of earnings to fixed charges | 24.4 | 23.2 | 18.1 | 21.2 | 17.9 | 15.3 |