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Content analysis
?| Positive | ||
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| Legalese | ||
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8th grade Avg
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New words:
Civil, Department, discontinued, Division, DOT, essentially, exclusive, FAA, final, GA, insurance, life, matter, McCauley, Notice, part, penalty, Propeller, Proposed, reached, resin, reversal, shipment, trade, Transportation, turboprop
Removed:
amended, authorizing, deferred, equity, expiration, growth, incentive, registered
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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 |
| ||
Fixed charges: |
|
|
|
| |
Interest expense* |
| $ | 87 |
|
|
Estimated interest portion of rents |
| 20 |
|
| |
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|
| |
Total fixed charges |
| $ | 107 |
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Income: |
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|
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Income from continuing operations before income taxes |
| $ | 475 |
|
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Fixed charges |
| 107 |
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| |
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Adjusted income |
| $ | 582 |
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Ratio of income to fixed charges |
| 5.44 |
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* Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits, which is included in income tax expense.