EX-12.1 2 a16-11476_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
July 2, 2016

 

Fixed charges:

 

 

 

 

Interest expense*

 

$

70 

 

 

Estimated interest portion of rents

 

19 

 

 

Total fixed charges

 

$

89 

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

Income from continuing operations before income taxes

 

$

475 

 

 

Fixed charges

 

89 

 

 

Dividends received from Finance group

 

29 

 

 

Eliminate pretax income of Finance group

 

(12)

 

 

Adjusted income

 

$

581 

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

6.53 

 

 

 

 

 

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