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Filing tables
Filing exhibits
- 10-Q Quarterly report
- 10 Amendment #6 to United Technologies Corp Nonemployee Director Stock Option
- 12 Statement Re: Computation of Ratio of Earnings to Fixed Charges
- 15 Letter Re: Unaudited Interim Financial Information
- 31.1 CEO Certification
- 31.2 CFO Certification
- 31.3 Certification of Gregory J. Hayes, VP, Accounting and Control
- 32 Certification of CEO Pursuant to Section 906
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Exhibit 12
UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ending March 31, | ||||||||
In Millions of Dollars | 2004 | 2003 | ||||||
Fixed Charges: | ||||||||
Interest expense | $ | 87 | $ | 91 | ||||
Interest capitalized | 3 | 3 | ||||||
One-third of rents* | 26 | 20 | ||||||
Total Fixed Charges | $ | 116 | $ | 114 | ||||
Earnings: | ||||||||
Income before income taxes and minority interests | $ | 876 | $ | 745 | ||||
Fixed charges per above | 116 | 114 | ||||||
Less: interest capitalized | (3 | ) | (3 | ) | ||||
113 | 111 | |||||||
Amortization of interest capitalized | 2 | 1 | ||||||
Total Earnings | $ | 991 | $ | 857 | ||||
Ratio of Earnings to Fixed Charges | 8.54 | 7.52 | ||||||
* | Reasonable approximation of the interest factor. |