RTX (RTX) 10-K 2007 FY Annual report

Exhibit 11

UNITED TECHNOLOGIES CORPORATION

AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

	Full year
In Millions of Dollars, Except per Share Amounts	2007		2006		2005		2004		2003
Net income	$	4,224	$	3,732	$	3,069	$	2,673	$	2,236
ESOP convertible preferred stock dividend		—		—		—		—		(24	)
Basic earnings for period	$	4,224	$	3,732	$	3,069	$	2,673	$	2,212
ESOP convertible preferred stock adjustment		—		—		—		—		23
Diluted earnings for period	$	4,224	$	3,732	$	3,069	$	2,673	$	2,235
Basic average number of shares outstanding during the period (thousands)		963,900		980,000		991,200		992,800		947,600
Stock awards (thousands)		24,900		25,700		23,300		18,000		14,000
ESOP convertible preferred stock (thousands)		—		—		—		—		44,200
Diluted average number of shares outstanding during the period (thousands)		988,800		1,005,700		1,014,500		1,010,800		1,005,800
Basic earnings per common share	$	4.38	$	3.81	$	3.10	$	2.69	$	2.33
Diluted earnings per common share	$	4.27	$	3.71	$	3.03	$	2.64	$	2.22