EX-12.2 6 b45662tiexv12w2.txt TEXTRON COMPUTATION OF RATIO EXHIBIT 12.2 TEXTRON INC. INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES COMPUTATION OF RATIO OF INCOME TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (UNAUDITED) (In millions except ratios)
Year ------------------------------------------------------------------------------- 2002 2001 2000 1999 1998 --------- --------- --------- --------- --------- Fixed charges: Interest expense (1) $ 331 $ 453 $ 492 $ 245 $ 301 Distributions on preferred securities of subsidiary trust, net of income taxes 26 26 26 26 26 Estimated interest portion of rents 34 34 31 27 21 --------- --------- --------- --------- --------- Total fixed charges $ 391 $ 513 $ 549 $ 298 $ 348 ========= ========= ========= ========= ========= Income: Income from operations before income taxes and distributions on preferred securities of subsidiary trust $ 490 $ 419 $ 611 $ 1,030 $ 763 Fixed charges (2) 365 487 523 272 322 --------- --------- --------- --------- --------- Adjusted income $ 855 $ 906 $ 1,134 $ 1,302 $ 1085 ========= ========= ========= ========= ========= Ratio of income to fixed charges 2.19 1.77 2.07 4.37 3.12 ========= ========= ========= ========= =========
------------------------ (1) Includes interest unrelated to borrowings of $3 million in 1999 and $16 million in 1998. (2) Adjusted to exclude distributions on preferred securities of subsidiary trust, net of income taxes.