EX-12.2 11 b74351tiexv12w2.htm EX-12.2 COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES OF TEXTRON INC., INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES. exv12w2
EXHIBIT 12.2
TEXTRON INC. INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(Unaudited)
(In millions except ratios)
                                         
    Year  
    2008     2007     2006     2005     2004  
Fixed charges:
                                        
Interest expense*
   $ 447     $ 506     $ 451     $ 313     $ 252  
Estimated interest portion of rents
     35       28       28       28       28  
 
                              
 
                                        
Total fixed charges
   $ 482     $ 534     $ 479     $ 341     $ 280  
 
                              
 
                                        
Income:
                                        
Income from continuing operations before income taxes
   $ 658     $ 1,252     $ 957     $ 711     $ 533  
Fixed charges
     482       534       479       341       280  
 
                              
 
                                        
Adjusted income
   $ 1,140     $ 1,786     $ 1,436     $ 1,052     $ 813  
 
                              
 
                                        
Ratio of income to fixed charges
     2.37       3.34       3.00       3.09       2.90  
 
                              
 
*   Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits which is included in income tax expense.