EXHIBIT 12
EXELIS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Three Months Ended March 31, | Year Ended December 31, | |||||||||||||||||||||||
| (IN MILLIONS, EXCEPT RATIO) | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 121 | $ | 537 | $ | 696 | $ | 700 | $ | 657 | $ | 438 | ||||||||||||
Add Fixed Charges | ||||||||||||||||||||||||
Interest expense | 9 | 10 | — | 1 | 2 | — | ||||||||||||||||||
Interest component of rental expense (a) | 4 | 15 | 14 | 14 | 13 | 8 | ||||||||||||||||||
Total earnings available for fixed charges | $ | 134 | $ | 562 | $ | 710 | $ | 715 | $ | 672 | $ | 446 | ||||||||||||
Total Fixed Charges | $ | 13 | $ | 25 | $ | 14 | $ | 15 | $ | 15 | $ | 8 | ||||||||||||
Ratio of earnings to fixed charges | 10.3 | 22.5 | 50.7 | 47.7 | 44.8 | 55.8 | ||||||||||||||||||
| (a) | Represents the portion of operating leases which management believes is a reasonable representation of an interest factor. |