EX-12.2 7 twetwo.htm EXHIBIT 12

EXHIBIT 12.2

 

TEXTRON INC.
INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES

COMPUTATION OF RATIO OF INCOME TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(unaudited)

(In millions except ratio)

 

 

Three Months
Ended
March 29, 2003

  

Fixed charges:

      

     Interest expense

$

72

  

     Distributions on preferred securities of subsidiary trusts, net of income taxes

  

6

  

     Estimated interest portion of rents

  

8

  

          Total fixed charges

$

86

  
   

 

  
   

 

  

Income:

  

 

  

     Income before income taxes and distributions on preferred
          securities of subsidiary trusts


$


104

  

     Fixed charges *

  

80

  

          Adjusted income

$

184

  
   

 

  


 

 

  

Ratio of income to fixed charges

  

2.14

  
   

 

  

 

* Adjusted to exclude distributions on preferred securities of subsidiary trusts, net of income taxes.