EX-12 2 dex12.htm COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES Computation of Ratio 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)    2008    2007    2006    2005    2004

Earnings:

                                   

Income from continuing operations before provision for income tax

    $ 162    $ 234    $ 291    $ 232    $ 183

Fixed charges

      223      297      353      359      350

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

    $ 385    $ 531    $ 644    $ 591    $ 533

Fixed charges:

                                   

Interest expense

    $ 223    $ 297    $ 353    $ 359    $ 350

Ratio of earnings to fixed charges

      1.7      1.8      1.8      1.6      1.5