EX-12 3 col_exhibitx12x9302012.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES COL_Exhibit_12_9.30.2012


Exhibit 12
 
ROCKWELL COLLINS, INC.
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED SEPTEMBER 30, 2012
(in millions, except ratio)
 
 
 
2012
 
2011
 
2010 (b)

 
2009 (b)

 
2008 (b)

Earnings available for fixed charges:
 
 
 
 
 
 

 
 

 
 

Income before income taxes
 
$
857

 
$
855

 
$
796

 
$
858

 
$
945

Add / (Deduct):
 
 
 
 
 
 

 
 

 
 

Earnings from equity affiliates, net of distributions
 
(8
)
 

 

 
(1
)
 
1

Gain on sale of equity affiliate
 

 
(3
)
 

 

 

 
 
849

 
852

 
796

 
857

 
946

Add fixed charges included in earnings:
 
 
 
 
 
 

 
 

 
 

Interest expense
 
27

 
19

 
20

 
18

 
21

Interest element of rentals
 
24

 
24

 
20

 
20

 
16

Total earnings available for fixed charges
 
$
900

 
$
895

 
$
836

 
$
895

 
$
983

Fixed charges:
 
 
 
 
 
 

 
 

 
 

Fixed charges included in earnings
 
$
51

 
$
42

 
$
40

 
$
38

 
$
37

Capitalized interest
 

 

 

 

 

Total fixed charges
 
$
51

 
$
42

 
$
40

 
$
38

 
$
37

Ratio of earnings to fixed charges (a)
 
18

 
21

 
21

 
24

 
27

 

(a)          In computing the ratio of earnings to fixed charges, earnings are defined as income before income taxes, adjusted for income or loss attributable to minority interests in subsidiaries, undistributed earnings of less than majority owned subsidiaries and fixed charges excluding capitalized interest. Fixed charges are defined as interest on borrowings (whether expensed or capitalized) and that portion of rental expense applicable to interest. Our ratio of earnings to combined fixed charges and preferred stock dividends for the period above are the same as our ratio of earnings to fixed charges because we had no shares of preferred stock outstanding for the period presented and currently have no shares of preferred stock outstanding.

(b) Certain prior period information has been reclassified to conform to the current year presentation and to reflect the results of the divested Rollmet business as a discontinued operation.