EX-12 3 ex12tenq202.htm EX-12 Q2 2002 ex12q202

                                                                                                                                                       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

2002

2001
Fixed Charges:
Interest expense $   195     $   216     
Interest capitalized 9      13     
One-third of rents* 31      32     
Total Fixed Charges $   235      $   261     
Earnings:
Income before income taxes and minority interests $   1,633      $   1,550     
Fixed charges per above 235      261     
Less: interest capitalized (9)     (13)    
226      248     
Amortization of interest capitalized 2      8     
Total Earnings $   1,861      $   1,806     
Ratio of Earnings to Fixed Charges 7.92      6.92     

* Reasonable approximation of the interest factor.