EX-12.1 5 a2192648zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1

Tyco International Ltd.
Computation of Ratio of Earnings to Fixed Charges(1)
(dollars in millions)

 
  For The
Six Months
Ended
   
   
   
   
   
 
 
  Fiscal  
 
  March 27,
2009
  March 28,
2008
 
 
  2008   2007   2006   2005   2004  

Earnings:

                                           

Income (loss) from continuing operations before incomes taxes, minority interest and cumulative effect of accounting changes

  $ (2,258 ) $ 838   $ 1,431   $ (2,196 ) $ 1,122   $ 596   $ 415  

Add: Fixed charges

    215     303     536     451     410     456     518  

Less: Capitalized Interest

    1     1     1     3     1     1      
                               

  $ (2,044 ) $ 1,140   $ 1,966   $ (1,748 ) $ 1,531   $ 1,051   $ 933  
                               

Fixed Charges:

                                           

Interest expense before capitalized interest

  $ 152   $ 232   $ 397   $ 313   $ 280   $ 322   $ 377  

Rentals

    63     71     139     138     130     134     141  
                               

  $ 215   $ 303   $ 536   $ 451   $ 410   $ 456   $ 518  
                               

Ratio of Earnings to Fixed Charges

   

(2)
 
3.76
   
3.67
   

(3)
 
3.73
   
2.30
   
1.80
 

(1)
The ratio of earnings to fixed charges is computed by dividing the sum of earnings before income taxes, minority interest and cumulative effect of accounting changes and fixed charges by fixed charges. Fixed charges represent interest expense (before interest is capitalized), amortization of debt premiums and discounts, capitalized expenses related to indebtedness and an appropriate interest factor on operating leases. Fixed charges represent amounts relating to continuing operations.

(2)
In the six months ended March 27, 2009, fixed charges exceeded earnings by $2,259 million.

(3)
In fiscal 2007, fixed charges exceeded earnings by $2,199 million.



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Tyco International Ltd. Computation of Ratio of Earnings to Fixed Charges(1) (dollars in millions)