Exhibit 12.1
Raytheon Company
Computation of Ratio of Earnings to Fixed Charges
(dollar amounts in millions)
(excludes discontinued operations for all periods)
Nine Months Ended Sept. 27, 2009 | Year Ended December 31, | |||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||
Pre-tax income from continuing operations attributable to Raytheon Company common stockholders | $ | 2,148 | $ | 2,498 | $ | 2,225 | $ | 1,791 | $ | 1,366 | $ | 533 | ||||||
Add: | ||||||||||||||||||
Fixed charges | 166 | 232 | 294 | 365 | 392 | 490 | ||||||||||||
Amortization of capitalized interest | 4 | 4 | 3 | 2 | 1 | 1 | ||||||||||||
Less: | ||||||||||||||||||
Capitalized interest | 2 | 8 | 6 | 5 | 5 | 1 | ||||||||||||
Income as adjusted | $ | 2,316 | $ | 2,726 | $ | 2,516 | $ | 2,153 | $ | 1,754 | $ | 1,023 | ||||||
Fixed charges: | ||||||||||||||||||
Portion of rents representative of interest factor | $ | 69 | 95 | $ | 92 | $ | 88 | $ | 82 | $ | 77 | |||||||
Interest on indebtedness | 95 | 129 | 196 | 272 | 305 | 412 | ||||||||||||
Capitalized interest | 2 | 8 | 6 | 5 | 5 | 1 | ||||||||||||
Fixed charges | $ | 166 | $ | 232 | $ | 294 | $ | 365 | $ | 392 | $ | 490 | ||||||
Ratio of earnings to fixed charges | 14.0 | 11.8 | 8.6 | 5.9 | 4.5 | 2.1 | ||||||||||||