EX-12 3 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,

  
In Millions of Dollars    2006     2005  

Fixed Charges:

     

Interest expense

    $ 297     $ 220  

Interest capitalized

      11       8  

One-third of rents*

      50       55  
                

Total Fixed Charges

    $ 358     $ 283  

Earnings:

     

Income before income taxes and minority interests

    $ 2,726     $ 2,357  

Fixed charges per above

      358       283  

Less: interest capitalized

      (11 )     (8 )
                
     347       275  
                

Amortization of interest capitalized

      4       7  
                

Total Earnings

    $ 3,077     $ 2,639  
                

Ratio of Earnings to Fixed Charges

      8.60       9.33  
                
* Reasonable approximation of the interest factor.

 

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