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Previous: HARRIS CORP /DE/, 10-K, EX-10.D.I, 2000-08-30 |
Next: HARRIS CORP /DE/, 10-K, EX-21, 2000-08-30 |
<PAGE> 1
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
YEAR ENDED
--------------------------------------
JUNE 30, JULY 2, JULY 3,
2000 1999 1998
---------- -------- --------
(MILLIONS OF DOLLARS, EXCEPT RATIOS)
<S> <C> <C> <C>
EARNINGS:
Net Income................................................ $25.0 $ 49.9 $ 66.4
Plus: Income Taxes........................................ 13.5 28.1 37.3
Fixed Charges........................................ 32.4 17.2 19.9
Amortization of Capitalized Interest................. -- 0.1 0.1
Less: Interest Capitalized During the Period.............. -- (0.1) (1.0)
Undistributed earnings in equity investments.............. 12.0 (3.2) (0.1)
===== ====== ======
$82.9 $ 92.0 $122.6
===== ====== ======
FIXED CHARGES:
Interest Expense.......................................... $25.2 $ 9.8 $ 12.5
Plus: Capitalized Interest................................ -- 0.1 1.0
Portion of Rents Deemed Representative of the Interest
Factor............................................... 7.2 7.3 6.4
----- ------ ------
$32.4 $ 17.2 $ 19.9
===== ====== ======
RATIO OF EARNINGS TO FIXED CHARGES........................ 2.56 5.35 6.16
===== ====== ======
</TABLE>
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