EX-12.1 3 d322891dex121.htm COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES, MANUFACTURING GROUP Computation of ratio of income to fixed charges, Manufacturing Group

EXHIBIT 12.1

TEXTRON INC.

MANUFACTURING GROUP

COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES

(unaudited)

(In millions, except ratio)

 

     Three Months
Ended
March 31, 2012		  

Fixed charges:

   

Interest expense*

    $ 40   

Estimated interest portion of rents

      7   
  

 

 

  

Total fixed charges

    $ 47   
  

 

 

  

Income:

   

Income from continuing operations before income taxes

    $ 177   

Fixed charges

      47   

Dividends received from TFC

      240   

Capital contributions paid to TFC under Support Agreement

      (240 ) 

Eliminate pretax income of Finance group

      (12 ) 
  

 

 

  

Adjusted income

    $ 212   
  

 

 

  

Ratio of income to fixed charges

      4.51   
  

 

 

  

 

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