Years Ended March 31, | ||||||||||||||||||||||||
2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||||||
Earnings available for fixed charges: |
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Earnings from continuing operations
before income taxes, minority
interest and discontinued operations |
$ | 98 | $ | 130 | $ | 775 | $ | 1,065 | $ | 1,171 | ||||||||||||||
Add: Fixed charges |
192 | 229 | 248 | 191 | 162 | |||||||||||||||||||
Less: Minority interest in pre-tax
loss of subsidiaries that have not
incurred fixed charges |
1 | | | | | |||||||||||||||||||
Total earnings available for fixed charges |
$ | 291 | $ | 359 | $ | 1,023 | $ | 1,256 | $ | 1,333 | ||||||||||||||
Fixed charges: |
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Interest expense(1) |
$ | 122 | $ | 153 | $ | 169 | $ | 130 | $ | 102 | ||||||||||||||
Interest portion of rental expense |
70 | 76 | 79 | 61 | 60 | |||||||||||||||||||
Total fixed charges |
$ | 192 | $ | 229 | $ | 248 | $ | 191 | $ | 162 | ||||||||||||||
RATIOS OF EARNINGS TO FIXED CHARGES |
1.52 | 1.57 | 4.13 | 6.58 | 8.23 | |||||||||||||||||||
Deficiency of earnings to fixed charges |
n/a | n/a | n/a | n/a | n/a |
(1) | Includes amortization of discount related to indebtedness |