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,

  

In Millions of Dollars

    2007     2006  

Fixed Charges:

     

Interest expense

    $ 313     $ 297  

Interest capitalized

      8       11  

One-third of rents*

      54       50  
                

Total Fixed Charges

    $ 375     $ 358  
                

Earnings:

     

Income before income taxes and minority interests

    $ 3,056     $ 2,726  

Fixed charges per above

      375       358  

Less: interest capitalized

      (8 )     (11 )
                
     367       347  
                

Amortization of interest capitalized

      4       4  
                

Total Earnings

    $ 3,427     $ 3,077  
                

Ratio of Earnings to Fixed Charges

      9.14       8.60  
                
* Reasonable approximation of the interest factor.