EX-12.2 6 a06-1864_1ex12d2.htm STATEMENTS REGARDING COMPUTATION OF RATIOS

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

 

2005

 

2004

 

2003

 

2002

 

2001

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

314

 

$

253

 

$

273

 

$

319

 

$

439

 

Distributions on preferred securities of subsidiary trusts, net of income taxes

 

—

 

—

 

13

 

26

 

26

 

Estimated interest portion of rents

 

30

 

30

 

29

 

22

 

27

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

344

 

$

283

 

$

315

 

$

367

 

$

492

 

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes and distributions on preferred securities of subsidiary trusts

 

$

739

 

$

540

 

$

424

 

$

524

 

$

803

 

Fixed charges*

 

344

 

283

 

302

 

341

 

466

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted income

 

$

1,083

 

$

823

 

$

726

 

$

865

 

$

1,269

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

3.15

 

2.91

 

2.30

 

2.36

 

2.58

 

 

*Adjusted to exclude distributions on preferred securities of subsidiary trusts, net of income taxes.