EX-12.2 5 a12-30151_4ex12d2.htm EX-12.2

EXHIBIT 12.2

 

TEXTRON INC. INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES

 

COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES

(Unaudited)

(In millions except ratios)

 

 

 

 

Year

 

 

2012

 

2011

 

2010

 

2009

 

2008

Fixed charges:

 

 

 

 

 

 

 

 

 

 

Interest expense*

 

 $

207

 

   $

247

 

   $

270

 

   $

309

 

   $

448

Estimated interest portion of rents

 

32

 

31

 

31

 

33

 

35

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

239

 

   $

278

 

   $

301

 

   $

342

 

   $

483

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes

 

 $

841

 

   $

337

 

   $

86

 

   $

(149)

 

   $

629

Fixed charges

 

239

 

278

 

301

 

342

 

483

 

 

 

 

 

 

 

 

 

 

 

Adjusted income

 

1,080

 

   $

615

 

   $

387

 

   $

193

 

   $

1,112

 

 

 

 

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

4.52

 

2.21

 

1.29

 

0.56

 

2.30

 

 

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