EX-12.1 3 a13-13653_1ex12d1.htm EX-12.1

EXHIBIT 12.1

 

TEXTRON INC.

MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(unaudited)
(In millions, except ratio)

 

 

 

Six Months Ended
June 29, 2013

 

Fixed charges:

 

 

 

Interest expense*

 

$

68

 

Estimated interest portion of rents

 

8

 

Total fixed charges

 

$

76

 

 

 

 

 

Income:

 

 

 

Income from continuing operations before income taxes

 

$

306

 

Fixed charges

 

76

 

Dividends received from TFC

 

30

 

Capital contributions paid to TFC

 

(1

)

Eliminate pretax income of Finance group

 

(34

)

Adjusted income

 

$

377

 

 

 

 

 

Ratio of income to fixed charges

 

4.96

 

 

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