EX-12.1 2 a2198086zex-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) (unaudited)

(dollars in millions)

 
  For The Six Months Ended    
   
   
   
   
 
 
  Fiscal  
 
  March 26,
2010
  March 27,
2009
 
 
  2009   2008   2007   2006   2005  

Earnings:

                                           

Income (loss) from continuing operations before income taxes

    719     (2,258 )   (1,751 )   1,431     (2,196 )   1,122     596  

Add: Fixed Charges

    212     215     433     535     451     409     456  

Less: Capitalized interest

    1     1     1     1     3     1     1  
                               

    930     (2,044 )   (1,319 )   1,965     (1,748 )   1,530     1,051  
                               

Fixed Charges:

                                           

Interest expense before capitalized interest

    150     151     301     396     313     279     322  

Capitalized interest

    1     1     1     1     3     1     1  

Rentals (one-third rent)

    61     63     131     138     135     129     133  
                               

Total fixed charges

    212     215     433     535     451     409     456  
                               

Ratio of earnings to fixed charges

   
4.39
   

(2)
 

(3)
 
3.67
   

(4)
 
3.74
   
2.30
 

(1)
The ratio of earnings to fixed charges is computed by dividing the sum of earnings before income taxes 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)
For the six months ended March 27, 2009, fixed charges exceeded earnings by $2,259 million.

(3)
In fiscal 2009, fixed charges exceeded earnings by $1,752 million.

(4)
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) (unaudited) (dollars in millions)