EX-12.1 3 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 3, 2010
  
Fixed charges:
      
Interest expense*
   $ 91  
Estimated interest portion of rents
     16  
Total fixed charges
   $ 107  
         
         
Income:
        
Income from continuing operations before income taxes
   $ 110  
Fixed charges
     107  
Dividends received from Finance group
     215  
Capital contributions paid to Finance group under
Support Agreement
     (146 )
Eliminate pretax loss of Finance group
     135  
Adjusted income
   $ 421  
         
Ratio of income to fixed charges
     3.93  





*
Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits, which is included in income tax expense.