Nine Months Ended | Fiscal Year Ended | ||||||||||||||||||||||||||
Jun. 30, 2018 | Jul. 1, 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||||
EARNINGS | |||||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 11,527 | $ | 11,094 | $ | 13,788 | $ | 14,868 | $ | 13,868 | $ | 12,246 | $ | 9,620 | |||||||||||||
Equity in the income of investees | (122 | ) | (327 | ) | (320 | ) | (926 | ) | (814 | ) | (854 | ) | (688 | ) | |||||||||||||
Cash distributions received from equity investees | 587 | 584 | 788 | 799 | 752 | 718 | 694 | ||||||||||||||||||||
Interest expense, amortization of debt discounts and premiums on all indebtedness and amortization of capitalized interest | 566 | 430 | 589 | 433 | 325 | 360 | 415 | ||||||||||||||||||||
Imputed interest on operating leases (1) | 230 | 215 | 289 | 282 | 286 | 294 | 292 | ||||||||||||||||||||
TOTAL EARNINGS | $ | 12,788 | $ | 11,996 | $ | 15,134 | $ | 15,456 | $ | 14,417 | $ | 12,764 | $ | 10,333 | |||||||||||||
FIXED CHARGES | |||||||||||||||||||||||||||
Interest expense and amortization of debt discounts and premiums on all indebtedness | $ | 493 | $ | 370 | $ | 507 | $ | 354 | $ | 265 | $ | 294 | $ | 349 | |||||||||||||
Capitalized interest | 85 | 67 | 87 | 139 | 110 | 73 | 77 | ||||||||||||||||||||
Imputed interest on operating leases (1) | 230 | 215 | 289 | 282 | 286 | 294 | 292 | ||||||||||||||||||||
TOTAL FIXED CHARGES | $ | 808 | $ | 652 | $ | 883 | $ | 775 | $ | 661 | $ | 661 | $ | 718 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES (2) | 15.8 | 18.4 | 17.1 | 19.9 | 21.8 | 19.3 | 14.4 | ||||||||||||||||||||
(1) | The portion of operating rental expense which management believes is representative of the interest component of rent expense. |
(2) | The ratio does not adjust for interest on unrecognized tax benefits that are recorded as a component of income tax expense. |