EX-12.2 8 a13-26941_1ex12d2.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

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense*

 

$

171

 

$

207

 

$

247

 

$

270

 

$

309

 

Estimated interest portion of rents

 

32

 

32

 

31

 

31

 

33

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

203

 

239

 

$

278

 

$

301

 

$

342

 

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes

 

$

674

 

$

841

 

$

337

 

$

86

 

$

(149)

 

Fixed charges

 

203

 

239

 

278

 

301

 

342

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted income

 

877

 

1,080

 

$

615

 

$

387

 

$

193

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

4.32

 

4.52

 

2.21

 

1.29

 

0.56

 

 

 

 

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