EX-12.1 4 exhibittwelveone.htm EXHIBIT 12.1 exhibittwelveone.htm
EXHIBIT 12.1
 
 
TEXTRON INC.
MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(unaudited)
(In millions, except ratio)
 
 
 
   
Six Months
Ended
July 4, 2009
  
Fixed charges:
      
Interest expense
   $ 64  
Estimated interest portion of rents
     16  
Total fixed charges
   $ 80  
         
         
Income:
        
Loss from continuing operations before income taxes
   $ (79 )
Fixed charges
     80  
Dividends received from Finance group
     184  
Eliminate pretax loss of Finance group
     173  
Adjusted income
   $ 358  
         
Ratio of income to fixed charges
     4.48