EX-12.2 4 twetwo.htm EXHIBIT 12

EXHIBIT 12.2

 

TEXTRON INC.
INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES

COMPUTATION OF RATIO OF INCOME TO
COMBINED FIXED CHARGES AND PREFERRED SECURITIES DIVIDENDS

(unaudited)

(In millions except ratio)

 

Nine Months
Ended
September 28,
2002

  

Fixed charges:

      

     Interest expense

$

251

  

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

  

19

  

     Estimated interest portion of rents

  

26

  


          Total fixed charges


$


296

  
   

 

  
   

 

  

Income:

  

 

  

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


$


363

  

     Fixed charges *

  

277

  


          Adjusted income


$


640

  
   

 

  


 


 

Ratio of income to fixed charges

  

2.16

  
   

 

  

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