EX-12.1 2 twelveone.htm New Page 1

EXHIBIT 12.1

TEXTRON MANUFACTURING

COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES

(unaudited)

 (In millions except ratio)

 

Nine Months
Ended
October 2, 2004

  

Fixed charges:

      

     Interest expense

$

79

  

     Estimated interest portion of rents

  

26

  


          Total fixed charges


$


105

  
   

 

  
   

 

  

Income:

  

 

  

     Income from operations before income taxes

$

352

  

     Eliminate equity in undistributed pre-tax income of Textron Finance

  

24

  

     Fixed charges

  

105

  


          Adjusted income


$


481

  
   

 

  


 

 

  

Ratio of income to fixed charges

  

4.58