EX-12 10 dex12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. Statement re: computation of ratio of earnings to fixed charges.

Exhibit 12

 

UNITED TECHNOLOGIES CORPORATION

AND SUBSIDIARIES

 

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

    

Nine Months Ending

September 30,

  
In Millions    2004
     2003
  

Fixed Charges:

                 

Interest expense

    $ 267     $ 279  

Interest capitalized

      8       8  

One-third of rents*

      81       65  
    
 

Total Fixed Charges

    $ 356     $ 352  
    
 

Earnings:

                 

Income before income taxes and minority interests

    $ 3,122     $ 2,639  

Fixed charges per above

      356       352  

Less: interest capitalized

      (8 )     (8 )
    
 
       348       344  
    
 

Amortization of interest capitalized

      5       3  
    
 

Total Earnings

    $ 3,475     $ 2,986  
    
 

Ratio of Earnings to Fixed Charges

      9.76       8.48  
    
 

 

* Reasonable approximation of the interest factor.