Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Exelis Inc. | Financial_Report.xls |
| 10-Q - 10-Q - Exelis Inc. | xls-2015331x10q.htm |
| EX-31.1 - EXHIBIT 31.1 - Exelis Inc. | xls-2015331xexhibit311.htm |
| EX-32.2 - EXHIBIT 32.2 - Exelis Inc. | xls-2015331xexhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - Exelis Inc. | xls-2015331xexhibit321.htm |
| EX-10.02 - EXHIBIT 10.02 - Exelis Inc. | xls-2015331xexhibit1002.htm |
| EX-31.2 - EXHIBIT 31.2 - Exelis Inc. | xls-2015331xexhibit312.htm |
EXHIBIT 12
EXELIS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three months ended March 31, | Year Ended December 31, | ||||||||||||||||||
(IN MILLIONS, EXCEPT RATIO) | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||
Earnings | |||||||||||||||||||
Income from continuing operations before income tax expense | $ | 95 | $ | 365 | $ | 288 | $ | 392 | $ | 432 | $ | 651 | |||||||
Add Fixed Charges | |||||||||||||||||||
Interest expense | 9 | 37 | 37 | 37 | 10 | — | |||||||||||||
Interest component of rental expense (a) | 3 | 13 | 13 | 14 | 13 | 12 | |||||||||||||
Total earnings available for fixed charges | $ | 107 | $ | 415 | $ | 338 | $ | 443 | $ | 455 | $ | 663 | |||||||
Total Fixed Charges | $ | 12 | $ | 50 | $ | 50 | $ | 51 | $ | 23 | $ | 12 | |||||||
Ratio of earnings to fixed charges | 8.9 | 8.3 | 6.8 | 8.7 | 19.8 | 55.3 | |||||||||||||
(a) | Represents the portion of operating leases which management believes is a reasonable representation of an interest factor. |