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

 

     Nine Months
Ended September 30,
  

In Millions of Dollars

 

    2005
     2004
  

Fixed Charges:

                 

Interest Expense

    $ 355     $ 267  

Interest Capitalized

      12       8  

One-third of rents*

      80       81  
    
 

Total Fixed Charges

    $ 447     $ 356  

Earnings:

                 

Income before income taxes and minority interests

    $ 3,606     $ 3,000  

Fixed charges per above

      447       356  

Less: interest capitalized

      (12 )     (8 )
    
 
       435       348  
    
 

Amortization of interest capitalized

      6       5  
    
 

Total earnings

    $ 4,047     $ 3,353  
    
 

Ratio of earnings to fixed charges

      9.05       9.42  
    
 
* Reasonable approximation of the interest factor.