EX-12.1 3 a18-18986_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)

 

 

 

 

 

Nine Months
Ended
September 29, 2018

 

Fixed charges:

 

 

 

 

Interest expense*

 

$

101 

 

 

Estimated interest portion of rents

 

30 

 

 

Total fixed charges

 

$

131 

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

Income from continuing operations before income taxes

 

$

1,106 

 

 

Fixed charges

 

131 

 

 

Dividends received from Finance group

 

50 

 

 

Eliminate pretax income of Finance group

 

(14)

 

 

Adjusted income

 

$

1,273 

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

9.72 

 

 

 

 

 

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