EX-12.A 3 v53955exv12wa.htm EX-12(A) exv12wa
Exhibit 12(a)
 
NORTHROP GRUMMAN CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
                                                                   
          Nine Months Ended
      Year Ended December 31   September 30
$ in millions     2008(1)     2007     2006     2005   2004   2009     2008
Earnings:
                                                                 
(Loss) earnings from continuing operations before income taxes
    $ (368 )     $ 2,698       $ 2,316       $ 2,092     $ 1,596     $ 1,806       $ 1,890  
                                                                   
Fixed Charges:
                                                                 
Interest expense, including amortization of debt premium
      295         336         347         388       431       219         223  
Portion of rental expenses on operating leases deemed to be representative of the interest factor
      195         195         183         170       151       144         155  
                                                                   
Earnings from continuing operations before income taxes and fixed charges
      122         3,229         2,846         2,650       2,178       2,169         2,268  
Fixed Charges:
      490         531         530         558       582       363         378  
                                                                   
Ratio of earnings to fixed charges(1)
              6.1         5.4         4.7       3.7       6.0         6.0  
                                                                   
 
 
(1) For the year ended December 31, 2008, the company’s earnings were insufficient to cover fixed charges by $368 million. This loss was entirely due to the non-cash goodwill impairment charge of $3.1 billion recorded during the fourth quarter at Shipbuilding and Aerospace Systems.