EX-12.1 4 a12-14458_1ex12d1.htm EX-12.1

EXHIBIT 12.1

 

TEXTRON INC.

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

 

 

 

Six Months
Ended
June 30, 2012

 

Fixed charges:

 

 

 

Interest expense*

 

$

79

 

Estimated interest portion of rents

 

8

 

 

 

 

 

Total fixed charges

 

$

87

 

 

 

 

 

Income:

 

 

 

Income from continuing operations before income taxes

 

$

432

 

Fixed charges

 

87

 

Dividends received from TFC

 

315

 

Capital contributions paid to TFC under Support Agreement

 

(240

)

Eliminate pretax income of Finance group

 

(34

)

 

 

 

 

Adjusted income

 

$

560

 

 

 

 

 

Ratio of income to fixed charges

 

6.44

 

 

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