EX-12 3 d264361dex12.htm EX-12 EX-12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Two Quarters Ended  
     December 30,
2011		     December 31,
2010		  
     (In millions, except ratios)  

Earnings:

     

Net income attributable to Harris Corporation

    $ 254.7     $ 315.0  

Plus: Income taxes

      123.9       158.4  

Fixed charges

      61.4       43.6  

Amortization of capitalized interest

      0.2       —     

Less: Interest capitalized during the period

      (1.0 )      (1.7 ) 

Undistributed earnings in equity investments

      —          —     
  

 

 

    

 

 

  
   $ 439.2     $ 515.3  
  

 

 

    

 

 

  

Fixed Charges:

     

Interest expense

    $ 56.2     $ 38.2  

Plus: Interest capitalized during the period

      1.0       1.7  

Interest portion of rental expense

      4.2       3.7  
  

 

 

    

 

 

  
   $ 61.4     $ 43.6  
  

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      7.15       11.82