EX-12.2 3 exh122.htm EXHIBIT 12.2 EXHIBIT 12

EXHIBIT 12.2

 

TEXTRON INC.

INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES
COMPUTATION OF RATIO OF INCOME TO

COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(unaudited)

(In millions except ratio)

 

 

Three Months
Ended
March 31, 2001

  

Fixed charges:

    

     Interest expense

$   125      

  

     Distributions on preferred securities of subsidiary trusts, net of income taxes

6      

  

     Estimated interest portion of rents

8      

  

          Total fixed charges

$   139      

  
     
     

Income:

    

     Income before income taxes and distributions on preferred
          securities of subsidiary trusts


$   185      

  

     Fixed charges *

133      

  

          Adjusted income

$   318      

  
     



 

Ratio of income to fixed charges

2.29     

  
     

*  Adjusted to exclude distributions on preferred securities of subsidiary trusts, net of income taxes.