EX-12.2 5 exhibittwelvetwo.htm EXHIBIT 12.2 exhibittwelvetwo.htm
EXHIBIT 12.2
 
 
 
TEXTRON INC.
INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(unaudited)
(In millions, except ratio)
 
 
 
   
Six Months
Ended
July 4, 2009
  
Fixed charges:
      
Interest expense
   $ 159  
Estimated interest portion of rents
     18  
Total fixed charges
   $ 177  
         
         
Income:
        
Loss from continuing operations before income taxes
   $ (79 )
Fixed charges
     177  
Adjusted income
   $ 98  
         
Ratio of income to fixed charges
     0.55  
 
 
Earnings for the six months ended July 4, 2009 were inadequate to cover fixed charges.  Additional earnings of $79 million would have been necessary to bring the ratio of income to fixed charges to 1.0.