Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Exelis Inc. | Financial_Report.xls |
| EX-32 - EXHIBIT 32.1 - Exelis Inc. | xls-2014930xexhibit321.htm |
| EX-31 - EXHIBIT 31.1 - Exelis Inc. | xls-2014930xexhibit311.htm |
| EX-32 - EXHIBIT 32.2 - Exelis Inc. | xls-2014930xexhibit322.htm |
| EX-31 - EXHIBIT 31.2 - Exelis Inc. | xls-2014930xexhibit312.htm |
| 10-Q - 10-Q - Exelis Inc. | xls-2014930x10q.htm |
| EX-3 - EXHIBIT 3.2 - Exelis Inc. | xls-2014930xexhibit32.htm |
EXHIBIT 12
EXELIS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine months ended September 30, | Year Ended December 31, | ||||||||||||||||||
(IN MILLIONS, EXCEPT RATIO) | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||
Earnings | |||||||||||||||||||
Income from continuing operations before income tax expense | $ | 266 | $ | 437 | $ | 521 | $ | 537 | $ | 696 | $ | 700 | |||||||
Add Fixed Charges | |||||||||||||||||||
Interest expense | 27 | 37 | 38 | 10 | — | 1 | |||||||||||||
Interest component of rental expense (a) | 12 | 16 | 16 | 15 | 14 | 14 | |||||||||||||
Total earnings available for fixed charges | $ | 305 | $ | 490 | $ | 575 | $ | 562 | $ | 710 | $ | 715 | |||||||
Total Fixed Charges | $ | 39 | $ | 53 | $ | 54 | $ | 25 | $ | 14 | $ | 15 | |||||||
Ratio of earnings to fixed charges | 7.8 | 9.2 | 10.6 | 22.5 | 50.7 | 47.7 | |||||||||||||
(a) | Represents the portion of operating leases which management believes is a reasonable representation of an interest factor. |