Exhibit 11
UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Full year | |||||||||||||||
(in millions of dollars, except per share amounts) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||
Net income attributable to common shareowners1 | $ | 3,829 | $ | 4,689 | $ | 4,224 | $ | 3,732 | $ | 3,069 | |||||
Basic earnings for period | $ | 3,829 | $ | 4,689 | $ | 4,224 | $ | 3,732 | $ | 3,069 | |||||
Diluted earnings for period | $ | 3,829 | $ | 4,689 | $ | 4,224 | $ | 3,732 | $ | 3,069 | |||||
Basic average number of shares outstanding during the period (thousands) | 917,400 | 937,800 | 963,900 | 980,000 | 991,200 | ||||||||||
Stock awards (thousands) | 11,400 | 18,600 | 24,900 | 25,700 | 23,300 | ||||||||||
Diluted average number of shares outstanding during the period (thousands) | 928,800 | 956,400 | 988,800 | 1,005,700 | 1,014,500 | ||||||||||
Basic earnings per common share | $ | 4.17 | $ | 5.00 | $ | 4.38 | $ | 3.81 | $ | 3.10 | |||||
Diluted earnings per common share | $ | 4.12 | $ | 4.90 | $ | 4.27 | $ | 3.71 | $ | 3.03 |
1 | As of January 1, 2009, we adopted the provisions under the Consolidation Topic of the FASB ASC as it relates to the accounting and reporting standards for noncontrolling interests in consolidated subsidiaries as reported in consolidated financial statements. These provisions require that the amount of net income attributable to the noncontrolling interests be included in consolidated net income on the face of the Consolidated Statement of Operations. Earnings per share has not been affected as a result of the adoption of the provisions under this Topic. Additional information pertaining to the accounting for noncontrolling interests is included in Note 9 to the Consolidated Financial Statements in our 2009 Annual Report. |