Exhibit 11

UNITED TECHNOLOGIES CORPORATION

AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

	Full year
(in millions of dollars, except per share amounts)	2009		2008		2007		2006		2005
Net income attributable to common shareowners1	$	3,829	$	4,689	$	4,224	$	3,732	$	3,069
Basic earnings for period	$	3,829	$	4,689	$	4,224	$	3,732	$	3,069
Diluted earnings for period	$	3,829	$	4,689	$	4,224	$	3,732	$	3,069
Basic average number of shares outstanding during the period (thousands)		917,400		937,800		963,900		980,000		991,200
Stock awards (thousands)		11,400		18,600		24,900		25,700		23,300
Diluted average number of shares outstanding during the period (thousands)		928,800		956,400		988,800		1,005,700		1,014,500
Basic earnings per common share	$	4.17	$	5.00	$	4.38	$	3.81	$	3.10
Diluted earnings per common share	$	4.12	$	4.90	$	4.27	$	3.71	$	3.03

1 As of January 1, 2009, we adopted the provisions under the Consolidation Topic of the FASB ASC as it relates to the accounting and reporting standards for noncontrolling interests in consolidated subsidiaries as reported in consolidated financial statements. These provisions require that the amount of net income attributable to the noncontrolling interests be included in consolidated net income on the face of the Consolidated Statement of Operations. Earnings per share has not been affected as a result of the adoption of the provisions under this Topic. Additional information pertaining to the accounting for noncontrolling interests is included in Note 9 to the Consolidated Financial Statements in our 2009 Annual Report.