EX-12 2 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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

 

    

Nine Months Ended

September 30,

  

In Millions of Dollars

    2007     2006  

Fixed Charges:

     

Interest expense

    $ 492     $ 453  

Interest capitalized

      12       15  

One-third of rents*

      88       76  
                

Total Fixed Charges

    $ 592     $ 544  
                

Earnings:

     

Income before income taxes and minority interests

    $ 4,765     $ 4,217  

Fixed charges per above

      592       544  

Less: interest capitalized

      (12 )     (15 )
                
     580       529  
                

Amortization of interest capitalized

      6       6  
                

Total Earnings

    $ 5,351     $ 4,752  
                

Ratio of Earnings to Fixed Charges

      9.04       8.74  
                
* Reasonable approximation of the interest factor.