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Previous: TEXTRON INC, 10-Q, 1999-11-08 |
Next: PACER TECHNOLOGY, DEFA14A, 1999-11-08 |
EXHIBIT 12.2
TEXTRON INC.
INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES
COMPUTATION OF RATIO OF INCOME TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(unaudited)
(In millions except ratio)
|
Nine Months |
|
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Fixed charges: |
|
|
Interest expense |
$147 |
|
Distributions on preferred securities of subsidiary trust, net of income taxes |
19 |
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Estimated interest portion of rents |
21 |
|
Total fixed charges |
$187 |
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Income: |
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Income before income taxes and distributions on preferred |
|
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Fixed charges * |
168 |
|
Adjusted income |
$918 |
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Ratio of income to fixed charges |
4.91 |
* Adjusted to exclude distributions on preferred securities of subsidiary trust, net of income taxes
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