EX-12 2 dex12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNIGS TO FIXED CHARGES. Statement re: computation of ratio of earnigs to fixed charges.

Exhibit 12

UNITED TECHNOLOGIES CORPORATION

AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Three Months Ended
March 31,		  

In Millions of Dollars

    2007     2006  

Fixed Charges:

     

Interest expense

    $ 150     $ 142  

Interest capitalized

      4       6  

One-third of rents*

      26       25  
                

Total fixed charges

    $ 180     $ 173  
                

Earnings:

     

Income before income taxes and minority interests

    $ 1,354     $ 1,140  

Fixed charges per above

      180       173  

Less: interest capitalized

      (4 )     (6 )
                
     176       167  
                

Amortization of interest capitalized

      2       2  
                

Total earnings

    $ 1,532     $ 1,309  
                

Ratio of earnings to fixed charges

      8.51       7.57  
                
* Reasonable approximation of the interest factor.