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Filing tables
Filing exhibits
- 10-K Annual report
- 4.1 Support Agreement Between Textron Inc. and Textron Financial Corporation
- 10.5 Amendments to the Textron Spillover Pension Plan
- 10.17 Letter Agreement Between Textron and E. Robert Lupone
- 10.22 Amendment to Base Bond Hedge Transaction
- 10.22 Amendment to Base Warrant Transaction
- 10.22 Amendment to Base Bond Hedge Transaction
- 10.22 Amendment to Base Warrant Transaction
- 12.1 Computation of Ratio of Income to Fixed Charges of Manufacturing Group
- 12.2 Computation of Ratio of Income to Fixed Charges, Including Majority-owned Subsid
- 21 Certain Subsidiaries of Textron
- 23 Consent of Independent Registered Public Accounting Firm
- 24 Power of Attorney
- 31.1 Certification of Chief Executive Officer Pursuant to Section 302
- 31.2 Certification of Chief Financial Officer Pursuant to Section 302
- 32.1 Certification of Chief Executive Officer Pursuant to 18 U.s.c. 1350
- 32.2 Certification of Chief Financial Officer Pursuant to 18 U.s.c. 1350
Related press release
TXT similar filings
Filing view
External links
EXHIBIT 12.1
TEXTRON INC.
MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(Unaudited)
(In millions except ratios)
| Year | ||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense* | $ | 177 | $ | 176 | $ | 153 | $ | 141 | $ | 110 | ||||||||||
Estimated interest portion of rents | 30 | 29 | 31 | 32 | 25 | |||||||||||||||
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Total fixed charges | $ | 207 | $ | 205 | $ | 184 | $ | 173 | $ | 135 | ||||||||||
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Income: | ||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 337 | $ | 86 | $ | (149 | ) | $ | 629 | $ | 1,234 | |||||||||
Fixed charges | 207 | 205 | 184 | 173 | 135 | |||||||||||||||
Dividends received from Finance group | 179 | 505 | 349 | 142 | 135 | |||||||||||||||
Capital contributions paid to Finance group under Support Agreement** | (182 | ) | (383 | ) | (270 | ) | (625 | ) | — | |||||||||||
Eliminate pretax loss (income) of Finance group | 333 | 339 | 307 | 538 | (222 | ) | ||||||||||||||
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Adjusted income | $ | 874 | $ | 752 | $ | 421 | $ | 857 | $ | 1,282 | ||||||||||
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Ratio of income to fixed charges | 4.22 | 3.67 | 2.29 | 4.95 | 9.50 | |||||||||||||||
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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. |
| ** | In 2009, we changed our calculation of the ratio of income to fixed charges to reduce income for the amount of capital contributions required to be paid to the Finance group under a Support Agreement. Prior periods have been recast to conform to this presentation. |