EX-12.A 19 v54508exv12wa.htm EX-12.A exv12wa
 
NORTHROP GRUMMAN CORPORATION
 
EXHIBIT 12(a)
 
NORTHROP GRUMMAN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                                         
    Year Ended December 31,
$ in millions   2009(1)   2008(1)   2007(1)   2006(1)   2005(1)
Earnings:
                                       
Earnings (loss) from continuing operations before income taxes
  $ 2,266     $ (520 )   $ 2,606     $ 2,226     $ 2,001  
                                         
Fixed Charges:
                                       
Interest expense, including amortization of debt premium
    281       295       336       346       388  
Portion of rental expenses on operating leases deemed to be representative of the interest factor:
    183       190       189       174       169  
                                         
Earnings (loss) from continuing operations before income taxes, less fixed charges
    2,730       (35 )     3,131       2,746       2,558  
Fixed Charges:
    464       485       525       520       557  
                                         
Ratio of earnings to fixed charges(2)
    5.9               6.0       5.3       4.6  
                                         
 
 
(1) Certain prior-period information has been reclassified to conform to the current year’s presentation.
 
(2) For the year ended December 31, 2008, the company’s earnings were insufficient to cover fixed charges by $520 million. This loss was entirely due to the non-cash goodwill impairment charge of $3.1 billion recorded during the fourth quarter at Aerospace Systems and Shipbuilding.