EX-12 2 rtn-12312011xexx12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS RTN-12.31.2011-EX-12


Exhibit 12
 
RAYTHEON COMPANY
 
STATEMENT REGARDING COMPUTATION OF
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(dollar amounts in millions except for ratio)
(excludes discontinued operations for all periods)
 
 
 
Year Ended December 31,
(In Millions, except ratio)
 
2011

 
2010

 
2009

 
2008

 
2007

Pre-tax income from continuing operations attributable to Raytheon Company common stockholders
 
$
2,643

 
$
2,388

 
$
2,889

 
$
2,498

 
$
2,225

Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
265

 
233

 
223

 
232

 
294

Amortization of capitalized interest
 
5

 
4

 
4

 
4

 
3

Less:
 
 
 
 
 
 
 
 
 
 
Capitalized interest
 
3

 
3

 
3

 
8

 
6

Income as adjusted
 
$
2,910

 
$
2,622

 
$
3,113

 
$
2,726

 
$
2,516

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Portion of rents representative of interest factor
 
$
90

 
$
104

 
$
97

 
$
95

 
$
92

Interest on indebtedness
 
172

 
126

 
123

 
129

 
196

Capitalized interest
 
3

 
3

 
3

 
8

 
6

Fixed charges
 
$
265

 
$
233

 
$
223

 
$
232

 
$
294

Ratio of earnings to fixed charges
 
11.0

 
11.3

 
14.0

 
11.8

 
8.6