EX-12.1 3 twoone.htm EXHIBIT 12

EXHIBIT 12.1

TEXTRON MANUFACTURING

COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES

(unaudited)

 (In millions, except ratio)

Three Months
Ended
April 3, 2004

  

Fixed charges:

      

     Interest expense

$

27

  

     Estimated interest portion of rents

  

9

  

 
          Total fixed charges


$


36

  
   

 

  
   

 

  

Income:

  

 

  

     Income from operations before income taxes

$

55

  

Eliminate equity in undistributed pre-tax income of Textron Finance

  

26

  

Fixed charges

  

36

  

 
          Adjusted income


$


117
 
   

 

  


 

 

  

Ratio of income to fixed charges

  

     3.25