Exhibit 12
RAYTHEON COMPANY
STATEMENT REGARDING COMPUTATION OF
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(dollar amounts in millions except for ratio)
(income excludes discontinued operations for all periods)
Nine months ended | Year Ended December 31, | |||||||||||||||||||||||
(In Millions, except ratio) | Sept 30, 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Pre-tax income from continuing operations attributable to Raytheon Company common stockholders* | $ | 2,108 | $ | 2,613 | $ | 2,390 | $ | 2,896 | $ | 2,513 | $ | 2,217 | ||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 217 | 265 | 233 | 223 | 232 | 294 | ||||||||||||||||||
Amortization of capitalized interest | 3 | 5 | 4 | 4 | 4 | 3 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Capitalized interest | 4 | 3 | 3 | 3 | 8 | 6 | ||||||||||||||||||
Income as adjusted | $ | 2,324 | $ | 2,880 | $ | 2,624 | $ | 3,120 | $ | 2,741 | $ | 2,508 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Portion of rents representative of interest factor | $ | 64 | $ | 90 | $ | 104 | $ | 97 | $ | 95 | $ | 92 | ||||||||||||
Interest on indebtedness | 149 | 172 | 126 | 123 | 129 | 196 | ||||||||||||||||||
Capitalized interest | 4 | 3 | 3 | 3 | 8 | 6 | ||||||||||||||||||
Fixed charges | $ | 217 | $ | 265 | $ | 233 | $ | 223 | $ | 232 | $ | 294 | ||||||||||||
Ratio of earnings to fixed charges | 10.7 | 10.9 | 11.3 | 14.0 | 11.8 | 8.5 |
*Net of adjustment for earnings from affiliates