RTX (RTX) 10-Q2008 Q1 Quarterly report

Filed: 22 Apr 08, 12:00am

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Removed: accommodate, aided, appeal, assist, assumed, augmented, Belgium, Berlin, calendar, capability, chain, circuit, closure, collusive, Connecticut, coupled, defending, deny, deposited, depreciation, detection, discounted, divest, divestiture, downturn, end, ending, enhance, escalating, escalator, evidenced, exacerbated, Florida, formed, GE, German, guarding, headquartered, IESG, improved, Instance, intend, intrusion, involving, Luxembourg, manned, month, newly, operate, overhaul, partial, partnership, planning, plc, portfolio, presence, quantifying, ramp, realized, recovery, reducing, Rentokil, resulted, resumption, Rockford, ruled, scale, SEER, software, sourcing, steep, subsidiary, supplement, television, thereon, transition, trust, turboshaft, twelve, unlawful, week, work

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Exhibit 12

UNITED TECHNOLOGIES CORPORATION

AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


(in millions of dollars)	Three Months Ended March 31,
(in millions of dollars)	2008			2007
Fixed Charges:
Interest expense¹	$	165		$	150
Interest capitalized		5			4
One-third of rents²		33			26

Total fixed charges	$	203		$	180

Earnings:
Income before income taxes and minority interests	$	1,509		$	1,354
Fixed charges per above		203			180
Less: interest capitalized		(5	)		(4	)

		198			176

Amortization of interest capitalized		2			2

Total earnings	$	1,709		$	1,532

Ratio of earnings to fixed charges		8.42			8.51

Effective January 1, 2007, we adopted the provisions of Financial Accounting Standards Board Interpretation No. 48, “Accounting for Uncertainty in Income Taxes.” Interest related to unrecognized tax benefits was approximately $12 million and $20 million for the three months ended March 31, 2008 and 2007, respectively. The ratio of earnings to fixed charges would have been 8.95 and 9.58 for the three months ended March 31, 2008 and 2007, respectively, if such interest were excluded from the calculation.

²	Reasonable approximation of the interest factor.