Exhibit 11
UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Full year | |||||||||||||||||||
(dollars in millions, except per share amounts, shares in thousands) | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||
Net income from continuing operations | $ | 4,552 | $ | 5,065 | $ | 3,996 | $ | 6,066 | $ | 5,265 | |||||||||
Net (loss) income from discontinued operations | — | (10 | ) | 3,612 | 154 | 456 | |||||||||||||
Net income attributable to common shareowners | $ | 4,552 | $ | 5,055 | $ | 7,608 | $ | 6,220 | $ | 5,721 | |||||||||
Net income from continuing operations | $ | 4,552 | $ | 5,065 | $ | 3,996 | $ | 6,066 | $ | 5,265 | |||||||||
Basic earnings for period | $ | 4,552 | $ | 5,065 | $ | 3,996 | $ | 6,066 | $ | 5,265 | |||||||||
Diluted earnings for period | $ | 4,552 | $ | 5,065 | $ | 3,996 | $ | 6,066 | $ | 5,265 | |||||||||
Basic average number of shares outstanding during the period | 790,000 | 818,200 | 872,700 | 898,300 | 901,000 | ||||||||||||||
Stock awards | 9,100 | 7,900 | 10,500 | 13,300 | 14,100 | ||||||||||||||
Diluted average number of shares outstanding during the period | 799,100 | 826,100 | 883,200 | 911,600 | 915,100 | ||||||||||||||
Basic earnings per common share - continuing operations | $ | 5.76 | $ | 6.19 | $ | 4.58 | $ | 6.75 | $ | 5.84 | |||||||||
Diluted earnings per common share - continuing operations | $ | 5.70 | $ | 6.13 | $ | 4.53 | $ | 6.65 | $ | 5.75 | |||||||||
Net income attributable to common shareowners | $ | 4,552 | $ | 5,055 | $ | 7,608 | $ | 6,220 | $ | 5,721 | |||||||||
Basic earnings for period | $ | 4,552 | $ | 5,055 | $ | 7,608 | $ | 6,220 | $ | 5,721 | |||||||||
Diluted earnings for period | $ | 4,552 | $ | 5,055 | $ | 7,608 | $ | 6,220 | $ | 5,721 | |||||||||
Basic average number of shares outstanding during the period | 790,000 | 818,200 | 872,700 | 898,300 | 901,000 | ||||||||||||||
Stock awards | 9,100 | 7,900 | 10,500 | 13,300 | 14,100 | ||||||||||||||
Diluted average number of shares outstanding during the period | 799,100 | 826,100 | 883,200 | 911,600 | 915,100 | ||||||||||||||
Basic earnings per common share | $ | 5.76 | $ | 6.18 | $ | 8.72 | $ | 6.92 | $ | 6.35 | |||||||||
Diluted earnings per common share | $ | 5.70 | $ | 6.12 | $ | 8.61 | $ | 6.82 | $ | 6.25 |