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EXHIBIT 12.2
TEXTRON INC.
INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(unaudited)
(In millions, except ratio)
Six Months Ended July 4, 2009 | ||||
Fixed charges: | ||||
Interest expense | $ | 159 | ||
Estimated interest portion of rents | 18 | |||
Total fixed charges | $ | 177 | ||
Income: | ||||
Loss from continuing operations before income taxes | $ | (79 | ) | |
Fixed charges | 177 | |||
Adjusted income | $ | 98 | ||
Ratio of income to fixed charges | 0.55 |
Earnings for the six months ended July 4, 2009 were inadequate to cover fixed charges. Additional earnings of $79 million would have been necessary to bring the ratio of income to fixed charges to 1.0.