Exhibit 12
General Dynamics Corporation
Ratio of Earnings to Fixed Charges
(Dollars in Millions)
Year Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Pre-tax earnings | $ | 4,077 | $ | 3,656 | $ | 4,219 | $ | 3,802 | $ | 3,611 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 117 | 99 | 98 | 103 | 103 | |||||||||||||||
Interest element of rent expense | 94 | 96 | 88 | 95 | 100 | |||||||||||||||
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$ | 211 | $ | 195 | $ | 186 | $ | 198 | $ | 203 | |||||||||||
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Pretax earnings plus fixed charges | $ | 4,288 | $ | 3,851 | $ | 4,405 | $ | 4,000 | $ | 3,814 | ||||||||||
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Ratio of earnings to fixed charges | 20.3 | 19.7 | 23.7 | 20.2 | 18.8 |