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

 

    

Three Months Ended

March 31,

  

In Millions of Dollars

 

    2006     2005  

Fixed Charges:

     

Interest Expense

    $ 142     $ 100  

Interest Capitalized

      6       4  

One-third of rents*

      25       30  
                

Total Fixed Charges

    $ 173     $ 134  

Earnings:

     

Income before income taxes and minority interests

    $ 1,140     $ 988  

Fixed charges per above

      173       134  

Less: interest capitalized

      (6 )     (4 )
                
     167       130  
                

Amortization of interest capitalized

      2       1  
                

Total earnings

    $ 1,309     $ 1,119  
                

Ratio of earnings to fixed charges

      7.57       8.35  
                
* Reasonable approximation of the interest factor.

 

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