Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - TEXTRON FINANCIAL CORP | b80587e10vq.htm |
| EX-31.1 - EX-31.1 - TEXTRON FINANCIAL CORP | b80587exv31w1.htm |
| EX-32.1 - EX-32.1 - TEXTRON FINANCIAL CORP | b80587exv32w1.htm |
| EX-32.2 - EX-32.2 - TEXTRON FINANCIAL CORP | b80587exv32w2.htm |
| EX-31.2 - EX-31.2 - TEXTRON FINANCIAL CORP | b80587exv31w2.htm |
Exhibit 12
TEXTRON FINANCIAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Three Months Ended | ||||
| March 31, 2010 | ||||
| (Dollars in millions) | ||||
Loss before income taxes |
$ | (62 | ) | |
Fixed Charges: |
||||
Interest on debt |
32 | |||
Estimated interest portion of rents |
— | |||
Total fixed charges |
32 | |||
Adjusted loss |
$ | (30 | ) | |
Ratio of earnings to fixed charges (1) |
(0.94 | )x | ||
(1) The ratio of earnings to fixed charges has been computed by dividing loss before income taxes
and fixed charges by fixed charges. Fixed charges consist of interest on debt and one-third rental
expense as representative of interest portion of rentals. Additional earnings of $62 million would
have been necessary to bring the ratio of earnings to fixed charges to 1.0.
21