EX-12.1 4 twelveone.htm COMPUTATION OF RATIO OF INCOME FO FIXED CHARGES OF TEXTRON INC. MANUFACTURING GROUP Computation of ratio of income fo fixed charges of Textron Inc. Manufacturing Group

EXHIBIT 12.1
TEXTRON INC.
MANUFACTURING GROUP

COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES

(unaudited)

(In millions, except ratio)
 
   
Three Months
Ended
March 31, 2007
  
Fixed charges:
       
Interest expense*
  
$
27
  
Estimated interest portion of rents
   
7
  
 
Total fixed charges
 
$
34
  
         
         
Income:
       
Income from continuing operations before income taxes
  
$
284
  
       Dividends in excess of pre-tax income of Textron Finance
    
83
  
       Fixed charges
   
34
  
 
Adjusted income
 
$
401
  
         
Ratio of income to fixed charges
   
11.79
  
         
 
* Excludes interest expense related to unrecognized tax benefits.