Attached files
| file | filename |
|---|---|
| 10-Q - TEXTRON FINANCIAL CORPORATION - TEXTRON FINANCIAL CORP | b81622e10vq.htm |
| EX-31.2 - EX-31.2 - TEXTRON FINANCIAL CORP | b81622exv31w2.htm |
| EX-31.1 - EX-31.1 - TEXTRON FINANCIAL CORP | b81622exv31w1.htm |
| EX-32.1 - EX-32.1 - TEXTRON FINANCIAL CORP | b81622exv32w1.htm |
| EX-32.2 - EX-32.2 - TEXTRON FINANCIAL CORP | b81622exv32w2.htm |
Exhibit 12
TEXTRON FINANCIAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Six Months Ended | ||||
| June 30, 2010 | ||||
| (Dollars in millions) | ||||
Loss before income taxes |
$ | (136 | ) | |
Fixed Charges: |
||||
Interest on debt |
65 | |||
Estimated interest portion of rents |
— | |||
Total fixed charges |
65 | |||
Adjusted loss |
$ | (71 | ) | |
Ratio of earnings to fixed charges (1) |
(1.09 | )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
$136 million would have been necessary to bring the ratio of earnings to fixed charges to 1.0.