Exhibit 11
UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Full year | |||||||||||||||||||
(dollars in millions, except per share amounts) | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||
| Net income from continuing operations | $ | 6,220 | $ | 5,686 | $ | 4,847 | $ | 4,831 | $ | 4,195 | |||||||||
| Net income from discontinued operations | — | 35 | 283 | 148 | 178 | ||||||||||||||
| Net income attributable to common shareowners | $ | 6,220 | $ | 5,721 | $ | 5,130 | $ | 4,979 | $ | 4,373 | |||||||||
| Net income from continuing operations | $ | 6,220 | $ | 5,686 | $ | 4,847 | $ | 4,831 | $ | 4,195 | |||||||||
| Basic earnings for period | $ | 6,220 | $ | 5,686 | $ | 4,847 | $ | 4,831 | $ | 4,195 | |||||||||
| Diluted earnings for period | $ | 6,220 | $ | 5,686 | $ | 4,847 | $ | 4,831 | $ | 4,195 | |||||||||
| Basic average number of shares outstanding during the period (thousands) | 898,300 | 901,000 | 895,200 | 892,300 | 907,900 | ||||||||||||||
| Stock awards (thousands) | 13,300 | 14,100 | 11,400 | 14,500 | 14,800 | ||||||||||||||
| Diluted average number of shares outstanding during the period (thousands) | 911,600 | 915,100 | 906,600 | 906,800 | 922,700 | ||||||||||||||
| Basic earnings per common share | $ | 6.92 | $ | 6.31 | $ | 5.41 | $ | 5.41 | $ | 4.62 | |||||||||
| Diluted earnings per common share | $ | 6.82 | $ | 6.21 | $ | 5.35 | $ | 5.33 | $ | 4.55 | |||||||||
| Net income attributable to common shareowners | $ | 6,220 | $ | 5,721 | $ | 5,130 | $ | 4,979 | $ | 4,373 | |||||||||
| Basic earnings for period | $ | 6,220 | $ | 5,721 | $ | 5,130 | $ | 4,979 | $ | 4,373 | |||||||||
| Diluted earnings for period | $ | 6,220 | $ | 5,721 | $ | 5,130 | $ | 4,979 | $ | 4,373 | |||||||||
| Basic average number of shares outstanding during the period (thousands) | 898,300 | 901,000 | 895,200 | 892,300 | 907,900 | ||||||||||||||
| Stock awards (thousands) | 13,300 | 14,100 | 11,400 | 14,500 | 14,800 | ||||||||||||||
| Diluted average number of shares outstanding during the period (thousands) | 911,600 | 915,100 | 906,600 | 906,800 | 922,700 | ||||||||||||||
| Basic earnings per common share | $ | 6.92 | $ | 6.35 | $ | 5.73 | $ | 5.58 | $ | 4.82 | |||||||||
| Diluted earnings per common share | $ | 6.82 | $ | 6.25 | $ | 5.66 | $ | 5.49 | $ | 4.74 | |||||||||