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TYCO ELECTRONICS LTD.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(1)
| For the Six Months Ended | | | | | | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fiscal | ||||||||||||||||||||
| March 28, 2008 | March 30, 2007 | |||||||||||||||||||
| 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||
| ($ in millions) | ||||||||||||||||||||
Earnings: | |||||||||||||||||||||
Income from continuing operations before income taxes, minority interest, and cumulative effect of accounting changes | $ | 1,498 | $ | 718 | $ | 319 | $ | 1,534 | $ | 1,348 | $ | 1,161 | $ | 72 | |||||||
Fixed charges | 130 | 145 | 286 | 310 | 357 | 407 | 487 | ||||||||||||||
$ | 1,628 | $ | 863 | $ | 605 | $ | 1,844 | $ | 1,705 | $ | 1,568 | $ | 559 | ||||||||
Fixed Charges: | |||||||||||||||||||||
Interest expense before capitalized interest | $ | 99 | $ | 118 | $ | 231 | $ | 257 | $ | 296 | $ | 347 | $ | 413 | |||||||
Rentals | 31 | 27 | 55 | 53 | 61 | 60 | 74 | ||||||||||||||
$ | 130 | $ | 145 | $ | 286 | $ | 310 | $ | 357 | $ | 407 | $ | 487 | ||||||||
Ratio of Earnings to Fixed Charges | 12.52 | 5.95 | 2.12 | 5.95 | 4.78 | 3.85 | 1.15 |
- (1)
- The ratio of earnings to fixed charges is computed by dividing the sum of earnings before income taxes, minority interest, and cumulative effect of accounting changes and fixed charges by fixed charges. Fixed charges represent interest expense, amortization of debt premiums and discounts, capitalized expenses related to indebtedness, and an appropriate interest factor on operating leases.
TYCO ELECTRONICS LTD. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(1)