Attached files

file filename
EX-32.2 - SECTION 906 CERTIFICATION BY CHIEF FINANCIAL OFFICER - ROCKWELL COLLINS INCcol_exhibitx322x9302017.htm
EX-32.1 - SECTION 906 CERTIFICATION BY CHIEF EXECUTIVE OFFICER - ROCKWELL COLLINS INCcol_exhibitx321x9302017.htm
EX-31.2 - SECTION 302 CERTIFICATION BY CHIEF FINANCIAL OFFICER - ROCKWELL COLLINS INCcol_exhibitx312x9302017.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - ROCKWELL COLLINS INCcol_exhibitx311x9302017.htm
EX-24 - POWERS OF ATTORNEY - ROCKWELL COLLINS INCcol_exhibitx24x9302017.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ROCKWELL COLLINS INCcol_exhibitx23x9302017.htm
EX-21 - LIST OF SUBSIDIARIES OF THE COMPANY - ROCKWELL COLLINS INCcol_exhibitx21x9302017.htm
EX-10.N-2 - SCHEDULE OF EXECUTIVES WHO ARE PARTY TO THE CHANGE OF CONTROL AGREEMENT - ROCKWELL COLLINS INCcol_exhibitx10-nx2x9302017.htm
10-K - FORM 10-K - ROCKWELL COLLINS INCcol_9302017x10k.htm


Exhibit 12
 
ROCKWELL COLLINS, INC.
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED SEPTEMBER 30, 2017
(in millions, except ratio)
  
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings available for fixed charges:
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
$
931

 
$
935

 
$
962

 
$
882

 
$
865

Add / (Deduct):
 
 
 
 
 
 
 
 
 
Earnings from equity affiliates, net of distributions
3

 
3

 
1

 
14

 
(3
)
 
934

 
938

 
963

 
896

 
862

Add fixed charges included in earnings:
 
 
 
 
 
 
 
 
 
Interest expense
187

 
64

 
61

 
59

 
28

Interest element of rentals
28

 
26

 
25

 
22

 
23

Total earnings available for fixed charges
$
1,149

 
$
1,028

 
$
1,049

 
$
977

 
$
913

Fixed charges:
 
 
 
 
 
 
 
 
 
Fixed charges included in earnings
$
215

 
$
90

 
$
86

 
$
81

 
$
51

Capitalized interest

 

 

 

 

Total fixed charges
$
215

 
$
90

 
$
86

 
$
81

 
$
51

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges (1)
5

 
11

 
12

 
12

 
18


(1)  In computing the ratio of earnings to fixed charges, earnings are defined as income from continuing operations before income taxes, adjusted for income or loss attributable to minority interests in subsidiaries, undistributed earnings of less than majority owned subsidiaries and fixed charges excluding capitalized interest. Fixed charges are defined as interest on borrowings (whether expensed or capitalized) and that portion of rental expense applicable to interest. Our ratio of earnings to combined fixed charges and preferred stock dividends for the period above are the same as our ratio of earnings to fixed charges because we had no shares of preferred stock outstanding for the period presented and currently have no shares of preferred stock outstanding.