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Previous: TEXTRON INC, 10-Q, 2000-05-12 |
Next: UNITED FUNDS INC, 497, 2000-05-12 |
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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Three Months |
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Fixed charges: |
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Interest expense |
$109 |
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Distributions on preferred securities of subsidiary trusts, net of income taxes |
7 |
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Estimated interest portion of rents |
8 |
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Total fixed charges |
$124 |
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Income: |
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Income before income
taxes and distributions on preferred |
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Fixed charges (1) |
117 |
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Adjusted income |
$374 |
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Ratio of income to fixed charges |
3.02 |
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(1) Adjusted to exclude distributions on preferred securities of subsidiary trusts, net of income taxes.
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