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Exhibit 12
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UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended
June 30,
In Millions of Dollars 2000 1999
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Fixed Charges:
Interest expense $ 179 $ 112
Interest capitalized 8 7
One-third of rents* 32 37
Total Fixed Charges $ 219 $ 156
Earnings:
Income from continuing operations before income
taxes and minority interests $ 1,366 $ 1,073
Fixed charges per above 219 156
Less: interest capitalized (8) (7)
211 149
Amortization of interest capitalized 8 13
Total Earnings $ 1,585 $ 1,235
Ratio of Earnings to Fixed Charges 7.24 7.92
* Reasonable approximation of the interest factor.
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