EX-12 5 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)

 

Six Months
Ended
June 28,
2003

  

Fixed charges:

      

     Interest expense

$

143

  

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

  

13

  

     Estimated interest portion of rents

  

16

  


          Total fixed charges


$


172

  
   

 

  
   

 

  

Income:

  

 

  

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


$


209

  

     Fixed charges *

  

159

  


          Adjusted income


$


368

  
   

 

  


 


 

Ratio of income to fixed charges

  

2.14

  
   

 

  

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