Exhibit 11

UNITED TECHNOLOGIES CORPORATION

AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

	Full year
(Dollars in millions, except per share amounts)	2010		2009		2008		2007		2006
Net income attributable to common shareowners	$	4,373	$	3,829	$	4,689	$	4,224	$	3,732
Basic earnings for period	$	4,373	$	3,829	$	4,689	$	4,224	$	3,732
Diluted earnings for period	$	4,373	$	3,829	$	4,689	$	4,224	$	3,732
Basic average number of shares outstanding during the period (thousands)		907,900		917,400		937,800		963,900		980,000
Stock awards (thousands)		14,800		11,400		18,600		24,900		25,700
Diluted average number of shares outstanding during the period (thousands)		922,700		928,800		956,400		988,800		1,005,700
Basic earnings per common share	$	4.82	$	4.17	$	5.00	$	4.38	$	3.81
Diluted earnings per common share	$	4.74	$	4.12	$	4.90	$	4.27	$	3.71