Attached files
| file | filename |
|---|---|
| 10-K - 10-K - TEXTRON INC | a17-1034_110k.htm |
| EX-32.2 - EX-32.2 - TEXTRON INC | a17-1034_1ex32d2.htm |
| EX-32.1 - EX-32.1 - TEXTRON INC | a17-1034_1ex32d1.htm |
| EX-31.2 - EX-31.2 - TEXTRON INC | a17-1034_1ex31d2.htm |
| EX-31.1 - EX-31.1 - TEXTRON INC | a17-1034_1ex31d1.htm |
| EX-24 - EX-24 - TEXTRON INC | a17-1034_1ex24.htm |
| EX-23 - EX-23 - TEXTRON INC | a17-1034_1ex23.htm |
| EX-21 - EX-21 - TEXTRON INC | a17-1034_1ex21.htm |
| EX-12.2 - EX-12.2 - TEXTRON INC | a17-1034_1ex12d2.htm |
EXHIBIT 12.1
TEXTRON INC.
MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(Unaudited)
(In millions except ratios)
|
|
|
2016 |
|
2015 |
|
2014 |
|
2013 |
|
2012 | |||||
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
| |||||
|
Interest expense* |
|
$ |
138 |
|
$ |
130 |
|
$ |
148 |
|
$ |
122 |
|
$ |
150 |
|
Estimated interest portion of rents |
|
42 |
|
37 |
|
40 |
|
31 |
|
32 | |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Total fixed charges |
|
$ |
180 |
|
$ |
167 |
|
$ |
188 |
|
$ |
153 |
|
$ |
182 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Income: |
|
|
|
|
|
|
|
|
|
| |||||
|
Income from continuing operations before income taxes |
|
$ |
876 |
|
$ |
971 |
|
$ |
853 |
|
$ |
674 |
|
$ |
841 |
|
Fixed charges |
|
180 |
|
167 |
|
188 |
|
153 |
|
182 | |||||
|
Dividends received from Finance group |
|
29 |
|
63 |
|
— |
|
175 |
|
345 | |||||
|
Capital contributions paid to Finance group under Support Agreement |
|
— |
|
— |
|
— |
|
— |
|
(240) | |||||
|
Eliminate pretax income of Finance group |
|
(19) |
|
(24) |
|
(21) |
|
(49) |
|
(64) | |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Adjusted income |
|
$ |
1,066 |
|
$ |
1,177 |
|
$ |
1,020 |
|
$ |
953 |
|
$ |
1,064 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of income to fixed charges |
|
5.92 |
|
7.05 |
|
5.43 |
|
6.23 |
|
5.85 | |||||
* Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits which is included in income tax expense.