EX-12.1 2 a15-6401_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)

 

 

 

 

 

Three Months
Ended
April 4, 2015

 

Fixed charges:

 

 

 

 

 

 

 

Interest expense*

 

$

33

 

Estimated interest portion of rents

 

10

 

 

 

 

 

Total fixed charges

 

$

43

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

 

 

 

Income from continuing operations before income taxes

 

$

184

 

Fixed charges

 

43

 

Eliminate pretax income of Finance group

 

(6)

 

 

 

 

 

Adjusted income

 

$

221

 

 

 

 

 

Ratio of income to fixed charges

 

5.14

 

 

 

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