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EXHIBIT 12
EXELIS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
(IN MILLIONS, EXCEPT RATIO) | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
Earnings | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 521 | $ | 537 | $ | 696 | $ | 700 | $ | 657 | ||||||||||
Add Fixed Charges | ||||||||||||||||||||
Interest expense | 38 | 10 | — | 1 | 2 | |||||||||||||||
Interest component of rental expense (a) | 16 | 15 | 14 | 14 | 13 | |||||||||||||||
Total earnings available for fixed charges | $ | 575 | $ | 562 | $ | 710 | $ | 715 | $ | 672 | ||||||||||
Total Fixed Charges | $ | 54 | $ | 25 | $ | 14 | $ | 15 | $ | 15 | ||||||||||
Ratio of earnings to fixed charges | 10.6 | 22.5 | 50.7 | 47.7 | 44.8 |
(a) | Represents the portion of operating leases which management believes are a reasonable representation of an interest factor. |