Exhibit 12.1
RAYTHEON COMPANY
STATEMENT REGARDING COMPUTATION OF
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(income excludes discontinued operations for all periods)
| Three Months Ended | Year Ended December 31, | |||||||||||||||||||||||
(In millions, except ratio) | April 3, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Pretax income from continuing operations attributable to Raytheon Company common stockholders* | 586 | $ | 2,789 | $ | 2,952 | $ | 2,740 | $ | 2,788 | $ | 2,613 | |||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 80 | 317 | 291 | 296 | 291 | 265 | ||||||||||||||||||
Amortization of capitalized interest | 1 | 3 | 4 | 4 | 4 | 5 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Capitalized interest | 2 | 5 | 3 | 3 | 4 | 3 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Income as adjusted | 665 | $ | 3,104 | $ | 3,244 | $ | 3,037 | $ | 3,079 | $ | 2,880 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Portion of rents representative of interest factor | 20 | $ | 79 | $ | 75 | $ | 83 | $ | 86 | $ | 90 | |||||||||||||
Interest on indebtedness | 58 | 233 | 213 | 210 | 201 | 172 | ||||||||||||||||||
Capitalized interest | 2 | 5 | 3 | 3 | 4 | 3 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges | 80 | $ | 317 | $ | 291 | $ | 296 | $ | 291 | $ | 265 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | 8.3 | 9.8 | 11.1 | 10.3 | 10.6 | 10.9 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
| * | Net of adjustment for earnings from affiliates |
