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EXHIBIT 12
ROCKWELL INTERNATIONAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED JUNE 30, 2000
(in millions, except ratio)
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EARNINGS AVAILABLE FOR FIXED CHARGES:
Income from continuing operations before income taxes............. $ 728
Undistributed losses of affiliates................................ 11
Minority interest in losses of subsidiaries....................... (1)
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738
Add fixed charges included in earnings:
Interest expense............................................... 55
Interest element of rentals.................................... 38
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93
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Total earnings available for fixed charges........................ $ 831
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FIXED CHARGES:
Fixed charges included in earnings................................ $ 93
Capitalized interest.............................................. 2
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Total fixed charges............................................ $ 95
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RATIO OF EARNINGS TO FIXED CHARGES (1)............................... 8.75
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(1) In computing the ratio of earnings to fixed charges, earnings are
defined as income from continuing operations before income taxes,
adjusted for minority interest in income or loss of subsidiaries,
undistributed earnings and losses of affiliates, and fixed charges
exclusive of capitalized interest. Fixed charges consist of interest on
borrowings and that portion of rentals deemed representative of the
interest factor.
