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Previous: TEXTRON INC, 10-Q, 1999-11-08 |
Next: TEXTRON INC, 10-Q, 1999-11-08 |
EXHIBIT 12.1
TEXTRON MANUFACTURING
COMPUTATION OF RATIO OF INCOME TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(unaudited)
(In millions except ratio)
|
Nine Months |
|
|
Fixed charges: |
|
|
Interest expense |
$27 |
|
Distributions on preferred securities of subsidiary trust, net |
|
|
Estimated interest portion of rents |
20 |
|
Total fixed charges |
$66 |
|
Income: |
|
|
Income before income taxes and distributions on preferred |
|
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Eliminate equity in undistributed pretax income of Finance Group |
(75) |
|
Fixed charges * |
47 |
|
Adjusted income |
$722 |
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|
Ratio of income to fixed charges |
10.94 |
* Adjusted to exclude distributions on preferred securities of subsidiary trust, net of income taxes
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