EX-12.1 2 twelveone.htm EXHIBIT 12

EXHIBIT 12.1

TEXTRON MANUFACTURING

COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES

(unaudited)

(In millions, except ratio)

 

Six Months
Ended
July 2, 2005

  

Fixed charges:

      

    Interest expense

$

51

  

    Estimated interest portion of rents

  

16

  


        Total fixed charges


$


67

  
   

 

  
   

 

  

Income:

  

 

  

    Income from continuing operations before income taxes

$

319

  

Dividends in excess of pre-tax income of Textron Finance

  

20

  

Fixed charges

  

67

  


        Adjusted income


$


406

  
   

 

  


 

 

  

Ratio of income to fixed charges

  

6.06