Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - L3HARRIS TECHNOLOGIES, INC. /DE/ | exhibit3221qfy18.htm |
EX-32.1 - EXHIBIT 32.1 - L3HARRIS TECHNOLOGIES, INC. /DE/ | exhibit3211qfy18.htm |
EX-31.2 - EXHIBIT 31.2 - L3HARRIS TECHNOLOGIES, INC. /DE/ | exhibit3121qfy18.htm |
EX-31.1 - EXHIBIT 31.1 - L3HARRIS TECHNOLOGIES, INC. /DE/ | exhibit3111qfy18.htm |
EX-15 - EXHIBIT 15 - L3HARRIS TECHNOLOGIES, INC. /DE/ | exhibit151qfy18.htm |
EX-10.HTM - EXHIBIT 10.HTM - L3HARRIS TECHNOLOGIES, INC. /DE/ | exhibit101qfy18.htm |
10-Q - 10-Q - L3HARRIS TECHNOLOGIES, INC. /DE/ | hrsq1fy1810-q.htm |
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Quarter Ended | Fiscal Year Ended | ||||||||||||||||||||||||||
September 29, 2017 | September 30, 2016 | June 30, 2017 | July 1, 2016 | July 3, 2015 | June 27, 2014 | June 28, 2013 | |||||||||||||||||||||
(In millions, except ratios) | |||||||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||
Income from continuing operations | $ | 167 | $ | 145 | $ | 638 | $ | 611 | $ | 287 | $ | 440 | $ | 401 | |||||||||||||
Plus: Income taxes | 64 | 58 | 267 | 273 | 109 | 202 | 168 | ||||||||||||||||||||
Fixed charges | 43 | 46 | 179 | 188 | 135 | 99 | 114 | ||||||||||||||||||||
Amortization of capitalized interest | — | — | — | 1 | — | — | — | ||||||||||||||||||||
Less: Interest capitalized during the period | — | — | — | — | (2 | ) | (2 | ) | (1 | ) | |||||||||||||||||
$ | 274 | $ | 249 | $ | 1,084 | $ | 1,073 | $ | 529 | $ | 739 | $ | 682 | ||||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest expense | $ | 41 | $ | 44 | $ | 172 | $ | 183 | $ | 130 | $ | 94 | $ | 109 | |||||||||||||
Plus: Interest capitalized during the period | — | — | — | — | 2 | 2 | 1 | ||||||||||||||||||||
Interest portion of rental expense | 2 | 2 | 7 | 5 | 3 | 3 | 4 | ||||||||||||||||||||
$ | 43 | $ | 46 | $ | 179 | $ | 188 | $ | 135 | $ | 99 | $ | 114 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 6.37 | 5.41 | 6.06 | 5.71 | 3.92 | 7.46 | 5.98 |