Exelis (XLS) Inactive 10-Q2014 Q3 Quarterly report

Filed: 31 Oct 14, 12:00am

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New words: agent, assumption, Australian, Barco, beneficially, Chase, duration, ERISA, ESM, extend, floating, fourth, fractional, GmbH, greater, HATFA, hedging, Highway, intellectual, JP, JPMorgan, LIBO, License, lien, lieu, loan, mandatory, modified, Morgan, nonpayment, Orthogon, penalty, prepay, pro, rata, request, Royal, speculative, stabilization, subsidiary, tangible, Trademark, Transportation, violation, York

Removed: borrow, jammer

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EXHIBIT 12

EXELIS INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES




	Nine months ended September 30,		Year Ended December 31,
(IN MILLIONS, EXCEPT RATIO)	2014		2013		2012		2011		2010		2009
Earnings
Income from continuing operations before income tax expense	$	266	$	437	$	521	$	537	$	696	$	700
Add Fixed Charges
Interest expense	27		37		38		10		—		1
Interest component of rental expense (a)	12		16		16		15		14		14
Total earnings available for fixed charges	$	305	$	490	$	575	$	562	$	710	$	715
Total Fixed Charges	$	39	$	53	$	54	$	25	$	14	$	15
Ratio of earnings to fixed charges	7.8		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.

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