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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 ratios)
|
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 | |||||
Fixed charges: |
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Interest expense* |
| $ | 174 |
| $ | 169 |
| $ | 191 |
| $ | 171 |
| $ | 207 |
Estimated interest portion of rents |
| 42 |
| 38 |
| 40 |
| 32 |
| 32 | |||||
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Total fixed charges |
| $ | 216 |
| $ | 207 |
| $ | 231 |
| $ | 203 |
| $ | 239 |
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Income: |
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Income from continuing operations before income taxes |
| $ | 876 |
| $ | 971 |
| $ | 853 |
| $ | 674 |
| $ | 841 |
Fixed charges |
| 216 |
| 207 |
| 231 |
| 203 |
| 239 | |||||
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Adjusted income |
| $ | 1,092 |
| $ | 1,178 |
| $ | 1,084 |
| $ | 877 |
| $ | 1,080 |
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Ratio of income to fixed charges |
| 5.06 |
| 5.69 |
| 4.69 |
| 4.32 |
| 4.52 |
* Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits which is included in income tax expense.