Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - LOCKHEED MARTIN CORP | d135475d10q.htm |
| EX-15 - EX-15 - LOCKHEED MARTIN CORP | d135475dex15.htm |
| EX-32 - EX-32 - LOCKHEED MARTIN CORP | d135475dex32.htm |
| EX-31.1 - EX-31.1 - LOCKHEED MARTIN CORP | d135475dex311.htm |
| EX-31.2 - EX-31.2 - LOCKHEED MARTIN CORP | d135475dex312.htm |
Exhibit 12
Lockheed Martin Corporation
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
| Quarter ended March 27, |
Quarter ended March 29, | |||||||||
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| 2016 | 2015 | |||||||||
| Earnings |
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| Earnings from continuing operations before income taxes |
$ | 1,134 | $ | 1,266 | ||||||
| Interest expense |
164 | 93 | ||||||||
| Undistributed earnings from equity investees, net |
(32) | (22) | ||||||||
| Portion of rents representative of the interest factor |
6 | 7 | ||||||||
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| Earnings from continuing operations before income taxes, as adjusted |
$ | 1,272 | $ | 1,344 | ||||||
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| Fixed Charges |
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| Interest expense |
$ | 164 | $ | 93 | ||||||
| Portion of rents representative of the interest factor |
6 | 7 | ||||||||
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| Total fixed charges |
$ | 170 | $ | 100 | ||||||
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| Ratio of Earnings to Fixed Charges |
7.5 | 13.4 | ||||||||
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The ratio of earnings to fixed charges is a measure of our ability to meet the interest requirements of our outstanding debt securities and leases with current period earnings. A positive ratio indicates that earnings are sufficient to cover our current interest requirements.
| 45 |