EX-12.1 3 a18-18986_1ex12d1.htm EX-12.1

EXHIBIT 12.1

TEXTRON INC.

MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(unaudited)
(In millions, except ratio)

|  | Nine Months Ended September 29, 2018 |
Fixed charges: |  |  |  |
Interest expense* |  | $ | 101 |  |
Estimated interest portion of rents |  | 30 |  |
Total fixed charges |  | $ | 131 |  |
Income: |  |  |  |
Income from continuing operations before income taxes |  | $ | 1,106 |  |
Fixed charges |  | 131 |  |
Dividends received from Finance group |  | 50 |  |
Eliminate pretax income of Finance group |  | (14) |  |
Adjusted income |  | $ | 1,273 |  |
Ratio of income to fixed charges |  | 9.72 |  |

* Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits, which is included in income tax expense.