EX-12 3 ex12tq301.htm EXHIBIT 12 9/30/01 ex12tq301

Exhibit 12

 UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES

 

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

Nine Months Ended
September 30,
In Millions of Dollars 2001 2000
Fixed Charges:
    Interest expense

$

 316     

$

 276     
    Interest capitalized 19      12     
    One-third of rents*         50              50     
    Total Fixed Charges

$

 385     

$

 338     
======       ======     
Earnings:
    Income before income taxes and minority interests

$

    2,272     

$

   2,119     
    Fixed charges per above 385      338     
    Less: interest capitalized        (19)            (12)    
       366            326     
    Amortization of interest capitalized           9               12     
    Total Earnings

$

 2,647    

$

 2,457     
======     ======    
Ratio of Earnings to Fixed Charges 6.88      7.27     
======     ======    

 

* Reasonable approximation of the interest factor.