EX-12.(A) 8 noc-12312015xex12a.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


NORTHROP GRUMMAN CORPORATION
 
EXHIBIT 12(a)
NORTHROP GRUMMAN CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

$ in millions
Year Ended December 31
Earnings:
2015
2014
2013
2012
2011
Earnings from continuing operations before income taxes
$
2,790

$
2,937

$
2,863

$
2,965

$
3,083

Fixed Charges:
 
 
 
 
 
Interest expense, including amortization of debt premium
301

282

257

212

221

Portion of rental expenses on operating leases deemed to be representative of the interest factor
101

101

99

116

140

Earnings from continuing operations before income taxes and fixed charges
$
3,192

$
3,320

$
3,219

$
3,293

$
3,444

Fixed Charges:
$
402

$
383

$
356

$
328

$
361

Ratio of earnings to fixed charges
7.9

8.7

9.0

10.0

9.5