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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)
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Nine Months |
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Fixed charges: |
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Interest expense |
$364 |
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Distributions on preferred securities of subsidiary trusts, net of income taxes |
20 |
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Estimated interest portion of rents |
23 |
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Total fixed charges |
$407 |
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Income: |
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Income before income
taxes and distributions on preferred |
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Fixed charges * |
387 |
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Adjusted income |
$1,192 |
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Ratio of income to fixed charges |
2.93 |
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* Adjusted to exclude distributions on preferred securities of subsidiary trusts, net of income taxes.
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