Attached files
| file | filename |
|---|---|
| EX-21 - EX-21 - TEXTRON INC | a15-23451_1ex21.htm |
| EX-23 - EX-23 - TEXTRON INC | a15-23451_1ex23.htm |
| EX-24 - EX-24 - TEXTRON INC | a15-23451_1ex24.htm |
| EX-4.1B - EX-4.1B - TEXTRON INC | a15-23451_1ex4d1b.htm |
| EX-32.1 - EX-32.1 - TEXTRON INC | a15-23451_1ex32d1.htm |
| EX-12.2 - EX-12.2 - TEXTRON INC | a15-23451_1ex12d2.htm |
| EX-10.15 - EX-10.15 - TEXTRON INC | a15-23451_1ex10d15.htm |
| EX-32.2 - EX-32.2 - TEXTRON INC | a15-23451_1ex32d2.htm |
| EX-31.1 - EX-31.1 - TEXTRON INC | a15-23451_1ex31d1.htm |
| EX-10.6 - EX-10.6 - TEXTRON INC | a15-23451_1ex10d6.htm |
| EX-10.4 - EX-10.4 - TEXTRON INC | a15-23451_1ex10d4.htm |
| EX-31.2 - EX-31.2 - TEXTRON INC | a15-23451_1ex31d2.htm |
| 10-K - 10-K - TEXTRON INC | a15-23451_110k.htm |
EXHIBIT 12.1
TEXTRON INC.
MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(Unaudited)
(In millions except ratios)
|
|
|
Year |
| ||||||||||||||||||
|
|
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
| ||||||||||
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest expense* |
|
$ |
130 |
|
|
$ |
148 |
|
|
$ |
122 |
|
|
$ |
150 |
|
|
$ |
177 |
|
|
|
Estimated interest portion of rents |
|
37 |
|
|
40 |
|
|
31 |
|
|
32 |
|
|
30 |
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Total fixed charges |
|
$ |
167 |
|
|
$ |
188 |
|
|
$ |
153 |
|
|
$ |
182 |
|
|
$ |
207 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Income from continuing operations before income taxes |
|
$ |
971 |
|
|
$ |
853 |
|
|
$ |
674 |
|
|
$ |
841 |
|
|
$ |
337 |
|
|
|
Fixed charges |
|
167 |
|
|
188 |
|
|
153 |
|
|
182 |
|
|
207 |
|
| |||||
|
Dividends received from Finance group |
|
63 |
|
|
— |
|
|
175 |
|
|
345 |
|
|
179 |
|
| |||||
|
Capital contributions paid to Finance group under Support Agreement |
|
— |
|
|
— |
|
|
— |
|
|
(240 |
) |
|
(182 |
) |
| |||||
|
Eliminate pretax loss (income) of Finance group |
|
(24 |
) |
|
(21 |
) |
|
(49 |
) |
|
(64 |
) |
|
333 |
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Adjusted income |
|
$ |
1,177 |
|
|
$ |
1,020 |
|
|
$ |
953 |
|
|
$ |
1,064 |
|
|
$ |
874 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of income to fixed charges |
|
7.05 |
|
|
5.43 |
|
|
6.23 |
|
|
5.85 |
|
|
4.22 |
|
| |||||
* Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits which is included in income tax expense.