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 | Year Ended December 31, | |||||||||||||||||||||||
(In Millions, except ratio) | October 2, 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Pre-tax income from continuing operations attributable to Raytheon Company common stockholders | $ | 1,855 | $ | 2,388 | $ | 2,889 | $ | 2,498 | $ | 2,225 | $ | 1,791 | ||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 196 | 233 | 223 | 232 | 294 | 365 | ||||||||||||||||||
Amortization of capitalized interest | 3 | 4 | 4 | 4 | 3 | 2 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Capitalized interest | 2 | 3 | 3 | 8 | 6 | 5 | ||||||||||||||||||
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Income as adjusted | $ | 2,052 | $ | 2,622 | $ | 3,113 | $ | 2,726 | $ | 2,516 | $ | 2,153 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Portion of rents representative of interest factor | $ | 67 | $ | 104 | $ | 97 | $ | 95 | $ | 92 | $ | 88 | ||||||||||||
Interest on indebtedness | 127 | 126 | 123 | 129 | 196 | 272 | ||||||||||||||||||
Capitalized interest | 2 | 3 | 3 | 8 | 6 | 5 | ||||||||||||||||||
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Fixed charges | $ | 196 | $ | 233 | $ | 223 | $ | 232 | $ | 294 | $ | 365 | ||||||||||||
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Ratio of earnings to combined fixed charges and preferred stock dividends | 10.5 | 11.3 | 14.0 | 11.8 | 8.6 | 5.9 | ||||||||||||||||||
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