EX-12 4 dex12.htm 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) |  | 2010 |  |  | 2009 |
Fixed Charges: |  |  |  |  |  |  |  |
Interest expense 1 |  | $ | 560 |  |  | $ | 522 |
Interest capitalized |  |  | 13 |  |  |  | 14 |
One-third of rents 2 |  |  | 111 |  |  |  | 111 |
Total fixed charges |  | $ | 684 |  |  | $ | 647 |
Earnings: |  |  |  |  |  |  |  |
Income before income taxes |  | $ | 4,852 |  |  | $ | 4,136 |
Fixed charges per above |  |  | 684 |  |  |  | 647 |
Less: capitalized interest |  |  | (13 | ) |  |  | (14 | )
|  |  | 671 |  |  |  | 633 |
Amortization of interest capitalized |  |  | 13 |  |  |  | 12 |
Total earnings |  | $ | 5,536 |  |  | $ | 4,781 |
Ratio of earnings to fixed charges |  |  | 8.09 |  |  |  | 7.39 |

1 | Pursuant to the guidance in the Income Taxes Topic of the FASB ASC, interest related to unrecognized tax benefits recorded was approximately $20 million and $15 million for the nine months ended September 30, 2010 and 2009, respectively. The ratio of earnings to fixed charges would have been 8.34 and 7.56 for the nine months ended September 30, 2010 and 2009, respectively, if such interest were excluded from the calculation.

2 | Reasonable approximation of the interest factor.