Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - LOCKHEED MARTIN CORP | d259549d10q.htm |
| EX-32 - EX-32 - LOCKHEED MARTIN CORP | d259549dex32.htm |
| EX-31.2 - EX-31.2 - LOCKHEED MARTIN CORP | d259549dex312.htm |
| EX-31.1 - EX-31.1 - LOCKHEED MARTIN CORP | d259549dex311.htm |
| EX-15 - EX-15 - LOCKHEED MARTIN CORP | d259549dex15.htm |
Exhibit 12
Lockheed Martin Corporation
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
| Nine Months Ended September 25, |
Nine Months Ended September 27, | |||||||||
| 2016 | 2015 | |||||||||
| Earnings |
||||||||||
| Earnings from continuing operations before income taxes |
$ | 3,631 | $ | 3,317 | ||||||
| Interest expense |
492 | 301 | ||||||||
| Undistributed earnings from equity investees, net |
(113) | (63) | ||||||||
| Portion of rents representative of the interest factor |
12 | 21 | ||||||||
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| Earnings from continuing operations before income taxes, as adjusted |
$ | 4,022 | $ | 3,576 | ||||||
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| Fixed Charges |
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| Interest expense |
$ | 492 | $ | 301 | ||||||
| Portion of rents representative of the interest factor |
12 | 21 | ||||||||
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| Total fixed charges |
$ | 504 | $ | 322 | ||||||
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| Ratio of Earnings to Fixed Charges |
8.0 | 11.1 | ||||||||
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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.