EX-12.(A) 6 noc-9302012xex12a.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES NOC-9.30.2012-Ex 12(a)


NORTHROP GRUMMAN CORPORATION
 
Exhibit 12(a)
NORTHROP GRUMMAN CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
$ in millions
 
Nine Months Ended
September 30
 
Year Ended December 31
Earnings:
 
2012

 
2011

 
2011

 
2010

 
2009

 
2008

 
2007

Earnings from continuing operations before income taxes
 
$
2,178

 
$
2,301

 
$
3,083

 
$
2,366

 
$
2,070

 
$
1,841

 
$
2,158

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt premium
 
158

 
168

 
221

 
269

 
269

 
271

 
312

Portion of rental expenses on operating leases deemed to be representative of the interest factor
 
87

 
109

 
140

 
149

 
167

 
177

 
177

Earnings from continuing operations before income taxes and fixed charges
 
$
2,423

 
$
2,578

 
$
3,444

 
$
2,784

 
$
2,506

 
$
2,289

 
$
2,647

Fixed Charges:
 
$
245

 
$
277

 
$
361

 
$
418


$
436


$
448


$
489

Ratio of earnings to fixed charges
 
9.9

 
9.3

 
9.5

 
6.7

 
5.7

 
5.1

 
5.4