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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)
|
| Three Months |
| |
Fixed charges: |
|
|
| |
Interest expense* |
| $ | 47 |
|
Estimated interest portion of rents |
| 8 |
| |
|
|
|
| |
Total fixed charges |
| $ | 55 |
|
|
|
|
| |
Income: |
|
|
| |
Income from continuing operations before income taxes |
| $ | 125 |
|
Fixed charges |
| 55 |
| |
|
|
|
| |
Adjusted income |
| $ | 180 |
|
|
|
|
| |
Ratio of income to fixed charges |
| 3.27 |
|
* Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits, which is included in income tax expense.