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EXHIBIT 12
EXELIS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||
(IN MILLIONS, EXCEPT RATIO) | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||
Earnings | ||||||||||||||||||
Income from continuing operations before income tax expense | $ | 437 | $ | 521 | $ | 537 | $ | 696 | $ | 700 | ||||||||
Add Fixed Charges | ||||||||||||||||||
Interest expense | 37 | 38 | 10 | — | 1 | |||||||||||||
Interest component of rental expense (a) | 16 | 16 | 15 | 14 | 14 | |||||||||||||
Total earnings available for fixed charges | $ | 490 | $ | 575 | $ | 562 | $ | 710 | $ | 715 | ||||||||
Total Fixed Charges | $ | 53 | $ | 54 | $ | 25 | $ | 14 | $ | 15 | ||||||||
Ratio of earnings to fixed charges | 9.2 | 10.6 | 22.5 | 50.7 | 47.7 |
(a) | Represents the portion of operating leases which management believes is a reasonable representation of an interest factor. |