EX-12 2 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

 

    

Six Months

Ended June 30,

  
     2005
     2004
  

In Millions of Dollars

                 

Fixed Charges:

                 

Interest Expense

    $ 220     $ 178  

Interest Capitalized

      8       5  

One-third of rents*

      55       51  
    
 

Total Fixed Charges

    $ 283     $ 234  

Earnings:

                 

Income before income taxes and minority interests

    $ 2,357     $ 1,959  

Fixed charges per above

      283       234  

Less: interest capitalized

      (8 )     (5 )
    
 
       275       229  
    
 

Amortization of interest capitalized

      7       4  
    
 

Total earnings

    $ 2,639     $ 2,192  
    
 

Ratio of earnings to fixed charges

      9.33       9.37  
    
 
* Reasonable approximation of the interest factor.