Three Months Ended April 1, 2016 | Year Ended December 31, | |||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||
(In millions except ratio) | ||||||||||||||||||
EARNINGS: | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 1,894 | $ | 9,605 | $ | 9,325 | $ | 11,477 | $ | 11,809 | $ | 11,458 | ||||||
Fixed charges | 161 | 931 | 569 | 553 | 486 | 505 | ||||||||||||
Less: | ||||||||||||||||||
Capitalized interest, net | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | ||||||
Equity (income) loss — net of dividends | (79 | ) | (122 | ) | (371 | ) | (201 | ) | (426 | ) | (269 | ) | ||||||
Adjusted earnings | $ | 1,975 | $ | 10,413 | $ | 9,522 | $ | 11,828 | $ | 11,868 | $ | 11,693 | ||||||
FIXED CHARGES: | ||||||||||||||||||
Gross interest incurred | $ | 142 | $ | 857 | $ | 484 | $ | 464 | $ | 398 | $ | 418 | ||||||
Interest portion of rent expense | 19 | 74 | 85 | 89 | 88 | 87 | ||||||||||||
Total fixed charges | $ | 161 | $ | 931 | $ | 569 | $ | 553 | $ | 486 | $ | 505 | ||||||
Ratio of earnings to fixed charges | 12.3 | 11.2 | 16.7 | 21.4 | 24.4 | 23.2 |