EX-12 5 y52163ex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 Exhibit 12 ROCKWELL INTERNATIONAL CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES NINE MONTHS ENDED JUNE 30, 2001 (in millions, except ratio)
EARNINGS AVAILABLE FOR FIXED CHARGES: Income from continuing operations before income taxes....................... $ 148 Minority interest in losses of subsidiaries................................. (1) -------- 147 -------- Add fixed charges included in earnings: Interest expense........................................................ 66 Interest element of rentals............................................. 35 -------- 101 -------- Total earnings available for fixed charges.................................. $ 248 ======== FIXED CHARGES: Fixed charges included in earnings.......................................... $ 101 Capitalized interest........................................................ - -------- Total fixed charges..................................................... $ 101 ======== RATIO OF EARNINGS TO FIXED CHARGES (1).......................................... 2.46 ========
(1) In computing the ratio of earnings to fixed charges, earnings are defined as income from continuing operations before income taxes, adjusted for minority interest in income or loss of subsidiaries, undistributed earnings and losses of affiliates, and fixed charges exclusive of capitalized interest. Fixed charges consist of interest on borrowings and that portion of rentals deemed representative of the interest factor.