Attached files
file | filename |
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10-Q - FORM 10-Q - NORTHROP GRUMMAN CORP /DE/ | v55417e10vq.htm |
EX-15 - EX-15 - NORTHROP GRUMMAN CORP /DE/ | v55417exv15.htm |
EX-31.1 - EX-31.1 - NORTHROP GRUMMAN CORP /DE/ | v55417exv31w1.htm |
EX-32.1 - EX-32.1 - NORTHROP GRUMMAN CORP /DE/ | v55417exv32w1.htm |
EX-10.4 - EX-10.4 - NORTHROP GRUMMAN CORP /DE/ | v55417exv10w4.htm |
EX-31.2 - EX-31.2 - NORTHROP GRUMMAN CORP /DE/ | v55417exv31w2.htm |
EX-10.3 - EX-10.3 - NORTHROP GRUMMAN CORP /DE/ | v55417exv10w3.htm |
EX-10.5 - EX-10.5 - NORTHROP GRUMMAN CORP /DE/ | v55417exv10w5.htm |
EX-32.2 - EX-32.2 - NORTHROP GRUMMAN CORP /DE/ | v55417exv32w2.htm |
EX-10.2 - EX-10.2 - NORTHROP GRUMMAN CORP /DE/ | v55417exv10w2.htm |
EXCEL - IDEA: XBRL DOCUMENT - NORTHROP GRUMMAN CORP /DE/ | Financial_Report.xls |
Exhibit 12(a)
NORTHROP
GRUMMAN CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Three Months |
|||||||||||||||||||||||||||||||||
Ended |
|||||||||||||||||||||||||||||||||
Year Ended December 31 | March 31 | ||||||||||||||||||||||||||||||||
$ in millions | 2009 | 2008 | 2007 | 2006 | 2005 | 2010 | 2009(1) | ||||||||||||||||||||||||||
Earnings:
|
|||||||||||||||||||||||||||||||||
Earnings (loss) from continuing operations before income taxes
|
$ | 2,266 | $ | (520 | ) | 2,606 | $ | 2,226 | $ | 2,001 | $ | 692 | $ | 554 | |||||||||||||||||||
Fixed Charges:
|
|||||||||||||||||||||||||||||||||
Interest expense, including amortization of debt premium
|
281 | 295 | 336 | 346 | 388 | 80 | 73 | ||||||||||||||||||||||||||
Portion of rental expenses on operating leases deemed to be
representative of the interest factor
|
183 | 190 | 189 | 174 | 169 | 43 | 47 | ||||||||||||||||||||||||||
Earnings (loss) from continuing operations before income taxes
and fixed charges
|
2,730 | (35 | ) | 3,131 | 2,746 | 2,558 | 815 | 674 | |||||||||||||||||||||||||
Fixed Charges:
|
464 | 485 | 525 | 520 | 557 | 123 | 120 | ||||||||||||||||||||||||||
Ratio of earnings to fixed
charges(2)
|
5.9 | | 6.0 | 5.3 | 4.6 | 6.6 | 5.6 | ||||||||||||||||||||||||||
(1) | Certain prior-period information has been reclassified to conform to the current years presentation. | |
(2) | For the year ended December 31, 2008, the companys earnings were insufficient to cover fixed charges by $520 million. This loss was entirely due to the non-cash goodwill impairment charge of $3.1 billion recorded during the fourth quarter at the Aerospace and Shipbuilding Systems segments. |