EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

AND PREFERRED OP UNIT DISTRIBUTIONS

(in millions, except ratio amounts)



|                                                                            |  |                    |     |   |              |   |     |  
|--------------------------------------------------------------------------- |  | ------------------ | --- | - | ------------ | - | --- | -
|                                                                            |  | Year-to-date ended |    
|                                                                            |  | June 16,2006       |     |   | June 17,2005 |  
|Income (loss) from continuing operations before income taxes                |  | $                  | 155 |   |              | $ | 118 |  
|Add (deduct):                                                               |  |                    |     |   |              |   |     |  
|Fixed charges                                                               |  |                    | 237 |   |              |   | 266 |  
|Capitalized interest                                                        |  |                    | (2  | ) |              |   | (2  | )
|Amortization of capitalized interest                                        |  |                    | 3   |   |              |   | 3   |  
|Minority interest in consolidated affiliates                                |  |                    | 7   |   |              |   | 6   |  
|Equity in (earnings) losses related to certain 50% or less owned affiliates |  |                    | 5   |   |              |   | 1   |  
|Distributions from equity investments                                       |  |                    | 2   |   |              |   | 1   |  
|Distributions on preferred OP units                                         |  |                    | (10 | ) |              |   | (15 | )
|Issuance costs of redeemed preferred units                                  |  |                    | (6  | ) |              |   | (4  | )
|                                                                            |  |                    |     |   |              |   |     |  
|Adjusted earnings                                                           |  | $                  | 391 |   |              | $ | 374 |  
|                                                                            |  |                    |     |   |              |   |     |  
|Fixed charges:                                                              |  |                    |     |   |              |   |     |  
|Interest on indebtedness and amortization of deferred financing costs       |  | $                  | 198 |   |              | $ | 224 |  
|Capitalized interest                                                        |  |                    | 2   |   |              |   | 2   |  
|Distributions on preferred OP units                                         |  |                    | 10  |   |              |   | 15  |  
|Portion of rents representative of the interest factor                      |  |                    | 21  |   |              |   | 21  |  
|Issuance costs of redeemed preferred units                                  |  |                    | 6   |   |              |   | 4   |  
|                                                                            |  |                    |     |   |              |   |     |  
|Total fixed charges and preferred unit distributions                        |  | $                  | 237 |   |              | $ | 266 |  
|                                                                            |  |                    |     |   |              |   |     |  
|Ratio of earning to fixed charges and preferred OP unit distributions       |  |                    | 1.6 |   |              |   | 1.4 |