EX-12.1 2 b87799exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
TEXTRON INC.
MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(unaudited)
(In millions, except ratio)
         
    Nine Months  
    Ended  
    October 1, 2011  
Fixed charges:
        
Interest expense*
   $ 132  
Estimated interest portion of rents
     22  
 
      
 
        
Total fixed charges
   $ 154  
 
      
 
        
Income:
        
Income from continuing operations before income taxes
   $ 367  
Fixed charges
     154  
Dividends received from TFC
     179  
Capital contributions paid to TFC under Support Agreement
     (152 )
Eliminate pretax loss of Finance group
     101  
 
      
 
        
Adjusted income
   $ 649  
 
      
 
        
Ratio of income to fixed charges
     4.21  
 
      
 
*   Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits, which is included in income tax expense.