Exhibit 12.1
Raytheon Company
Computation of Ratio of Earnings to Fixed Charges
(dollar amounts in millions except for ratio)
(excludes discontinued operations for all periods)
Nine Months Ended Sept. 26, 2010 | Year Ended December 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||
Pre-tax income from continuing operations attributable to Raytheon Company common stockholders | $ | 1,691 | $ | 2,889 | $ | 2,498 | $ | 2,225 | $ | 1,791 | $ | 1,366 | ||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 176 | 223 | 232 | 294 | 365 | 392 | ||||||||||||||||||
Amortization of capitalized interest | 3 | 4 | 4 | 3 | 2 | 1 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Capitalized interest | 2 | 3 | 8 | 6 | 5 | 5 | ||||||||||||||||||
Income as adjusted | $ | 1,868 | $ | 3,113 | $ | 2,726 | $ | 2,516 | $ | 2,153 | $ | 1,754 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Portion of rents representative of interest factor | $ | 76 | $ | 97 | $ | 95 | $ | 92 | $ | 88 | $ | 82 | ||||||||||||
Interest on indebtedness | 98 | 123 | 129 | 196 | 272 | 305 | ||||||||||||||||||
Capitalized interest | 2 | 3 | 8 | 6 | 5 | 5 | ||||||||||||||||||
Fixed charges | $ | 176 | $ | 223 | $ | 232 | $ | 294 | $ | 365 | $ | 392 | ||||||||||||
Ratio of earnings to fixed charges | 10.6 | 14.0 | 11.8 | 8.6 | 5.9 | 4.5 | ||||||||||||||||||