EX-12.1 11 twelveoneone.htm twelveoneone.htm

EXHIBIT 12.1

 
TEXTRON INC.
MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(unaudited)
(In millions, except ratio)



   
Three Months
Ended
April 3, 2010
  
Fixed charges:
      
Interest expense*
   $ 46  
Estimated interest portion of rents
     8  
Total fixed charges
   $ 54  
         
         
Income:
        
Income from continuing operations before income taxes
   $ 11  
Fixed charges
     54  
  Dividends received from Finance group
     125  
  Capital contributions paid to Finance group under
Support Agreement
     (75 )
Eliminate pretax loss of Finance group
     60  
Adjusted income
   $ 175  
         
Ratio of income to fixed charges
     3.24  





*
Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits, which is included in income tax expense.