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Exhibit 12
UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30, | ||||||||
In Millions of Dollars | 2007 | 2006 | ||||||
Fixed Charges: | ||||||||
Interest expense | $ | 492 | $ | 453 | ||||
Interest capitalized | 12 | 15 | ||||||
One-third of rents* | 88 | 76 | ||||||
Total Fixed Charges | $ | 592 | $ | 544 | ||||
Earnings: | ||||||||
Income before income taxes and minority interests | $ | 4,765 | $ | 4,217 | ||||
Fixed charges per above | 592 | 544 | ||||||
Less: interest capitalized | (12 | ) | (15 | ) | ||||
580 | 529 | |||||||
Amortization of interest capitalized | 6 | 6 | ||||||
Total Earnings | $ | 5,351 | $ | 4,752 | ||||
Ratio of Earnings to Fixed Charges | 9.04 | 8.74 | ||||||
* | Reasonable approximation of the interest factor. |