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
|
2006 | 2005 | ||||||
| Fixed Charges: |
||||||||
| Interest Expense |
$ | 142 | $ | 100 | ||||
| Interest Capitalized |
6 | 4 | ||||||
| One-third of rents* |
25 | 30 | ||||||
| Total Fixed Charges |
$ | 173 | $ | 134 | ||||
| Earnings: |
||||||||
| Income before income taxes and minority interests |
$ | 1,140 | $ | 988 | ||||
| Fixed charges per above |
173 | 134 | ||||||
| Less: interest capitalized |
(6 | ) | (4 | ) | ||||
| 167 | 130 | |||||||
| Amortization of interest capitalized |
2 | 1 | ||||||
| Total earnings |
$ | 1,309 | $ | 1,119 | ||||
| Ratio of earnings to fixed charges |
7.57 | 8.35 | ||||||
| * | Reasonable approximation of the interest factor. |
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