EX-12.2 5 a18-1018_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)

 

 

 

 

2017

 

2016

 

2015

 

2014

 

2013

Fixed charges:

 

 

 

 

 

 

 

 

 

 

Interest expense*

 

 $

174

 

 $

174

 

 $

169

 

 $

191

 

 $

171

Estimated interest portion of rents

 

41

 

42

 

38

 

40

 

32

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

 $

215

 

 $

216

 

 $

207

 

 $

231

 

 $

203

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

 

 $

762

 

 $

876

 

 $

971

 

 $

853

 

 $

674

Fixed charges

 

215

 

216

 

207

 

231

 

203

 

 

 

 

 

 

 

 

 

 

 

Adjusted income

 

 $

977

 

 $

1,092

 

 $

1,178

 

 $

1,084

 

 $

877

 

 

 

 

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

4.54

 

5.06

 

5.69

 

4.69

 

4.32

 

 

 

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