Exhibit 12

UNITED TECHNOLOGIES CORPORATION

AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Three Months Ended March 31,						Fiscal Year Ended
In Millions of Dollars	2005			2004			2004			2003			2002			2001			2000
Fixed Charges:
Interest Expense	$	100		$	87		$	363		$	375		$	381		$	426		$	382
Interest Capitalized		4			3			11			10			16			22			18
One-third of rents*		30			26			107			87			71			68			65
Total Fixed Charges	$	134		$	116		$	481		$	472		$	468		$	516		$	465
Earnings:
Income before income taxes and minority interests	$	988		$	833		$	3,938		$	3,272		$	3,090		$	2,646		$	2,638
Fixed charges per above		134			116			481			472			468			516			465
Less: interest capitalized		(4	)		(3	)		(11	)		(10	)		(16	)		(22	)		(18	)
		130			113			470			462			452			494			447
Amortization of interest capitalized		1			2			3			4			4			18			21
Total earnings	$	1,119		$	948		$	4,411		$	3,738		$	3,546		$	3,158		$	3,106
Ratio of earnings to fixed charges		8.35			8.17			9.17			7.92			7.58			6.12			6.68

* Reasonable approximation of the interest factor.