EX-12.A 4 noc-6302015xex12a.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES NOC-6.30.2015-Ex12a


NORTHROP GRUMMAN CORPORATION
 
EXHIBIT 12(a)
NORTHROP GRUMMAN CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

$ in millions
Six Months Ended June 30
 
Year Ended December 31
Earnings:
2015
2014
 
2014
2013
2012
2011
2010
Earnings from continuing operations before income taxes
$
1,440

$
1,542

 
$
2,937

$
2,863

$
2,965

$
3,083

$
2,366

Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt premium
151

139

 
282

257

212

221

269

Portion of rental expenses on operating leases deemed to be representative of the interest factor
52

48

 
101

99

116

140

149

Earnings from continuing operations before income taxes and fixed charges
$
1,643

$
1,729

 
$
3,320

$
3,219

$
3,293

$
3,444

$
2,784

Fixed Charges:
$
203

$
187

 
$
383

$
356

$
328

$
361

$
418

Ratio of earnings to fixed charges
8.1

9.2

 
8.7

9.0

10.0

9.5

6.7