Attached files
NORTHROP GRUMMAN CORPORATION
EXHIBIT 12(a)
NORTHROP GRUMMAN CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
$ in millions | Year Ended December 31 | ||||||||||||||
Earnings: | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
Earnings from continuing operations before income taxes | $ | 2,937 | $ | 2,863 | $ | 2,965 | $ | 3,083 | $ | 2,366 | |||||
Fixed Charges: | |||||||||||||||
Interest expense, including amortization of debt premium | 282 | 257 | 212 | 221 | 269 | ||||||||||
Portion of rental expenses on operating leases deemed to be representative of the interest factor | 101 | 99 | 116 | 140 | 149 | ||||||||||
Earnings from continuing operations before income taxes and fixed charges | $ | 3,320 | $ | 3,219 | $ | 3,293 | $ | 3,444 | $ | 2,784 | |||||
Fixed Charges: | $ | 383 | $ | 356 | $ | 328 | $ | 361 | $ | 418 | |||||
Ratio of earnings to fixed charges | 8.7 | 9.0 | 10.0 | 9.5 | 6.7 |