EX-12 2 exhibit12.htm EXHIBIT 12 Exhibit 12

EXHIBIT 12
EXELIS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 

 
 
 
 
 
 
 
Year Ended December 31,
(IN MILLIONS, EXCEPT RATIO)
2013
2012
2011
2010
2009
Earnings
 
 
 
 
 
Income from continuing operations before income tax expense
$
437

 
$
521
 
$
537

 
$
696

 
$
700
 
Add Fixed Charges
 
 
 
 
 
Interest expense
37
 
 
38
 
10
 
 
—
 
 
1
 
Interest component of rental expense (a)
16
 
 
16
 
15
 
 
14
 
 
14
 
Total earnings available for fixed charges
$
490

 
$
575
 
$
562

 
$
710

 
$
715
 
Total Fixed Charges
$
53

 
$
54
 
$
25

 
$
14

 
$
15
 
Ratio of earnings to fixed charges
9.2
 
 
10.6
 
22.5
 
 
50.7
 
 
47.7
 
(a)
Represents the portion of operating leases which management believes is a reasonable representation of an interest factor.