EX-12 3 dex12.txt EXHIBIT 12 Exhibit 12 Lockheed Martin Corporation Computation of Ratio of Earnings to Fixed Charges For the Nine Months Ended September 30, 2001 (In millions, except ratio)
Earnings Earnings from continuing operations before income taxes $ 822 Interest expense 549 Amortization of debt premium and discount, net 1 Portion of rents representative of an interest factor 75 Losses and undistributed earnings of 50% and less than 50% owned companies, net 74 ------ Adjusted earnings from continuing operations before income taxes $1,521 ====== Fixed Charges Interest expense $ 549 Amortization of debt premium and discount, net 1 Portion of rents representative of an interest factor 75 Capitalized interest -- ------ Total fixed charges $ 625 ====== Ratio of Earnings to Fixed Charges 2.4 ======
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