NORTHROP GRUMMAN CORP /DE/ - FORM 10-Q - EX-12.(A) - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - July 25, 2018

Attached files

file filename
EX-10.4 - SEVERANCE PLAN FOR ELECTED AND APPOINTED OFFICERS OF NORTHROP GRUMMAN - NORTHROP GRUMMAN CORP /DE/noc-06302018xex104.htm
EX-32.2 - CERTIFICATION OF KENNETH L. BEDINGFIELD - NORTHROP GRUMMAN CORP /DE/noc-06302018xex322.htm
EX-32.1 - CERTIFICATION OF WESLEY G. BUSH - NORTHROP GRUMMAN CORP /DE/noc-06302018xex321.htm
EX-31.2 - CERTIFICATION OF KENNETH L. BEDINGFIELD - NORTHROP GRUMMAN CORP /DE/noc-06302018xex312.htm
EX-31.1 - CERTIFICATION OF WESLEY G. BUSH - NORTHROP GRUMMAN CORP /DE/noc-06302018xex311.htm
EX-15 - LETTER FROM INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - NORTHROP GRUMMAN CORP /DE/noc-06302018xex15.htm
EX-10.14 - DEFINED CONTRIBUTION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR ORBITAL ATK - NORTHROP GRUMMAN CORP /DE/noc-06302018xex1014.htm
EX-10.13 - DEFINED BENEFIT SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR ORBITAL ATK - NORTHROP GRUMMAN CORP /DE/noc-06302018xex1013.htm
EX-10.12 - TRUST AGREEMENT FOR ALLIANT TECHSYSTEMS NONQUALIFED DEFERRED COMPENSATION PLAN - NORTHROP GRUMMAN CORP /DE/noc-06302018xex1012.htm
EX-10.8 - NORTHROP GRUMMAN OFFICERS RETIREMENT ACCOUNT CONTRIBUTION PLAN - NORTHROP GRUMMAN CORP /DE/noc-06302018xex108.htm
EX-10.7 - NORTHROP GRUMMAN OFFICERS RETIREMENT ACCOUNT CONTRIBUTION PLAN - NORTHROP GRUMMAN CORP /DE/noc-06302018xex107.htm
EX-10.6 - NORTHROP GRUMMAN SAVINGS EXCESS PLAN - NORTHROP GRUMMAN CORP /DE/noc-06302018xex106.htm
EX-10.5 - NORTHROP GRUMMAN SAVINGS EXCESS PLAN - NORTHROP GRUMMAN CORP /DE/noc-06302018xex105.htm
EX-10.3 - LETTER BETWEEN NORTHROP GRUMMAN AND BLAKE LARSON REGARDING COMPENSATION - NORTHROP GRUMMAN CORP /DE/noc-06302018xex103.htm
EX-10.2 - GRANT CERTIFICATE APPLICABLE TO 2018 RESTRICTED STOCK RIGHTS TO BLAKE LARSON - NORTHROP GRUMMAN CORP /DE/noc-06302018xex102.htm
EX-10.1 - NON-EMPLOYEE DIRECTOR COMPENSATION TERM SHEET - NORTHROP GRUMMAN CORP /DE/noc-06302018xex101.htm
10-Q - 10-Q - NORTHROP GRUMMAN CORP /DE/noc-06302018x10q.htm


NORTHROP GRUMMAN CORPORATION
 
EXHIBIT 12(a)
NORTHROP GRUMMAN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

$ in millions
Six Months Ended June 30
 
Year Ended December 31
Earnings:
2018
2017
 
2017
2016
2015(1)
2014(1)
2013(1)
Earnings before income taxes
$
1,720

$
1,600

 
$
2,996

$
2,855

$
2,790

$
2,937

$
2,863

Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt premium
287

151

 
360

301

301

282

257

Portion of rental expenses on operating leases deemed to be representative of the interest factor
58

51

 
100

99

101

101

99

Earnings before income taxes and fixed charges
$
2,065

$
1,802

 
$
3,456

$
3,255

$
3,192

$
3,320

$
3,219

Fixed Charges:
$
345

$
202

 
$
460

$
400

$
402

$
383

$
356

Ratio of earnings to fixed charges
6.0

8.9

 
7.5

8.1

7.9

8.7

9.0


  
(1) Financial data does not reflect the effects from the January 1, 2018 adoption of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606).


NORTHROP GRUMMAN CORP /DE/ Reports