EX-12.(A) 3 d241577dex12a.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

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:

     2011         2010 (1)             2010         2009         2008         2007         2006   

Earnings from continuing operations before income taxes

      $2,301         $1,955              $2,366         $2,070         $1,841         $2,158         $1,895   

Fixed Charges:

                        

Interest expense, including amortization of debt premium

      168         206            269         269         271         312         337   

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

      109         114              149         167         177         177         162   

Earnings from continuing operations before income taxes and fixed charges

      $2,578         $2,275              $2,784         $2,506         $2,289         $2,647         $2,394   

Fixed Charges:

      $   277         $   320              $   418         $   436         $   448         $   489         $   499   

Ratio of earnings to fixed charges

      9.3         7.1              6.7         5.7         5.1         5.4         4.8   

 

  (1) Certain prior-period information has been reclassified to conform to the current year’s presentation, including the effect of the spin-off of Shipbuilding.