EX-12.1 2 a14-13975_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 28, 2014

 

Fixed charges:

 

 

 

 

Interest expense*

 

$

71

 

 

Estimated interest portion of rents

 

16

 

 

 

 

 

 

 

Total fixed charges

 

$

87

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

Income from continuing operations before income taxes

 

$

335

 

 

Fixed charges

 

87

 

 

Eliminate pretax income of Finance group

 

(11

)

 

 

 

 

 

 

Adjusted income

 

$

411

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

4.72

 

 

 

 

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