Exhibit 12
General Dynamics Corporation
Ratio of Earnings to Fixed Charges
(Dollars in Millions)
2002 | 2001 | 2000 | 1999 | 1998 | |||||||||||||||||
Earnings From Continuing Operations Before | |||||||||||||||||||||
Income Taxes and Fixed Charges | $ | 1,665 | $ | 1,530 | $ | 1,350 | $ | 1,207 | $ | 964 | |||||||||||
Fixed Charges: | |||||||||||||||||||||
Interest Expense | $ | 61 | $ | 72 | $ | 77 | $ | 59 | $ | 47 | |||||||||||
Estimate of interest element of rental expense | 20 | 33 | 15 | 22 | 13 | ||||||||||||||||
Total Fixed Charges | $ | 81 | $ | 105 | $ | 92 | $ | 81 | $ | 60 | |||||||||||
Ratio of earnings to fixed charges | 20.6 | 14.6 | 14.7 | 14.9 | 16.1 | ||||||||||||||||