Exhibit 12
UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Six Months Ended June 30, |
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| In Millions of Dollars | 2006 | 2005 | ||||||
| Fixed Charges: |
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| Interest expense |
$ | 297 | $ | 220 | ||||
| Interest capitalized |
11 | 8 | ||||||
| One-third of rents* |
50 | 55 | ||||||
| Total Fixed Charges |
$ | 358 | $ | 283 | ||||
| Earnings: |
||||||||
| Income before income taxes and minority interests |
$ | 2,726 | $ | 2,357 | ||||
| Fixed charges per above |
358 | 283 | ||||||
| Less: interest capitalized |
(11 | ) | (8 | ) | ||||
| 347 | 275 | |||||||
| Amortization of interest capitalized |
4 | 7 | ||||||
| Total Earnings |
$ | 3,077 | $ | 2,639 | ||||
| Ratio of Earnings to Fixed Charges |
8.60 | 9.33 | ||||||
| * | Reasonable approximation of the interest factor. |
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