EX-12 3 ex12tenq302.htm EX 12 9/30/02 ex12q202

                                                                                                                                                       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

2002

2001
Fixed Charges:
Interest expense $   288      $   316     
Interest capitalized 12      19     
One-third of rents* 52      50     
Total Fixed Charges $   352      $   385     
Earnings:
Income before income taxes and minority interests $   2,542      $   2,272     
Fixed charges per above 352      385     
Less: interest capitalized (12)     (19)    
340      366     
Amortization of interest capitalized 3      9     
Total Earnings $   2,885        2,647     
Ratio of Earnings to Fixed Charges 8.20      6.88     

* Reasonable approximation of the interest factor.