Exhibit 12.1
TYCO ELECTRONICS LTD.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth information regarding our ratio of earnings to fixed charges for the periods shown:
|
| Fiscal |
| |||||||||||||
|
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| |||||
|
| ($ in millions) |
| |||||||||||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
| |||||
Income (loss) from continuing operations before income taxes |
| $ | 1,558 |
| $ | (3,670 | ) | $ | 1,991 |
| $ | 257 |
| $ | 1,471 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed charges |
| 187 |
| 200 |
| 232 |
| 293 |
| 320 |
| |||||
Amortization of capitalized interest |
| — |
| 4 |
| — |
| — |
| — |
| |||||
Income (loss) of equity investees, net of distributed income |
| 8 |
| 7 |
| — |
| (4 | ) | (2 | ) | |||||
Less: |
|
|
|
|
|
|
|
|
|
|
| |||||
Capitalized interest |
| — |
| (1 | ) | (2 | ) | (1 | ) | — |
| |||||
|
| $ | 1,753 |
| $ | (3,460 | ) | $ | 2,221 |
| $ | 545 |
| $ | 1,789 |
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expensed and capitalized |
| $ | 155 |
| $ | 165 |
| $ | 191 |
| $ | 232 |
| $ | 257 |
|
Amortized premiums, discounts, and capitalized expenses related to indebtedness |
| 2 |
| 3 |
| 2 |
| 2 |
| 2 |
| |||||
Estimate of interest in rent expense |
| 30 |
| 32 |
| 39 |
| 59 |
| 61 |
| |||||
|
| $ | 187 |
| $ | 200 |
| $ | 232 |
| $ | 293 |
| $ | 320 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of Earnings to Fixed Charges |
| 9.37 |
| — | (1) | 9.57 |
| 1.86 |
| 5.59 |
| |||||
(1) For the fiscal year ended 2009, fixed charges exceeded earnings by $3,660 million.
