EX-12.A 4 noc-06302017xex12a.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


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

$ in millions
Six Months Ended June 30
 
Year Ended December 31
Earnings:
2017
2016
 
2016
2015
2014
2013
2012
Earnings before income taxes
$
1,580

$
1,406

 
$
2,923

$
2,790

$
2,937

$
2,863

$
2,965

Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt premium
151

150

 
301

301

282

257

212

Portion of rental expenses on operating leases deemed to be representative of the interest factor
51

53

 
99

101

101

99

116

Earnings before income taxes and fixed charges
$
1,782

$
1,609

 
$
3,323

$
3,192

$
3,320

$
3,219

$
3,293

Fixed Charges:
$
202

$
203

 
$
400

$
402

$
383

$
356

$
328

Ratio of earnings to fixed charges
8.8

7.9

 
8.3

7.9

8.7

9.0

10.0