EX-12 3 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

 

Boeing Capital Corporation and Subsidiaries

 

Computation of Ratio of Earnings to Fixed Charges

 

     Years Ended December 31,
(Dollars in millions)    2007    2006    2005    2004    2003

Earnings:

                                   

Income from continuing operations before provision for income tax

    $ 234    $ 291    $ 232    $ 183    $ 91

Fixed charges

      297      353      359      350      358

Income from continuing operations before provision for income tax and fixed charges

    $ 531    $ 644    $ 591    $ 533    $ 449

Fixed charges:

                                   

Interest expense

    $ 297    $ 353    $ 359    $ 350    $ 358

Ratio of earnings to fixed charges

      1.8      1.8      1.6      1.5      1.3

 

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