- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
|
|
EXHIBIT 12.2
TEXTRON INC. INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(Unaudited)
(In millions except ratios)
|
| Year | |||||||||||||
|
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 | |||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
| |||||
Interest expense* |
| $ | 207 |
| $ | 247 |
| $ | 270 |
| $ | 309 |
| $ | 448 |
Estimated interest portion of rents |
| 32 |
| 31 |
| 31 |
| 33 |
| 35 | |||||
|
|
|
|
|
|
|
|
|
|
| |||||
Total fixed charges |
| 239 |
| $ | 278 |
| $ | 301 |
| $ | 342 |
| $ | 483 | |
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
| |||||
Income: |
|
|
|
|
|
|
|
|
|
| |||||
Income (loss) from continuing operations before income taxes |
| $ | 841 |
| $ | 337 |
| $ | 86 |
| $ | (149) |
| $ | 629 |
Fixed charges |
| 239 |
| 278 |
| 301 |
| 342 |
| 483 | |||||
|
|
|
|
|
|
|
|
|
|
| |||||
Adjusted income |
| 1,080 |
| $ | 615 |
| $ | 387 |
| $ | 193 |
| $ | 1,112 | |
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of income to fixed charges |
| 4.52 |
| 2.21 |
| 1.29 |
| 0.56 |
| 2.30 | |||||
* Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits which is included in income tax expense.