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Previous: UNITED TECHNOLOGIES CORP /DE/, 10-Q, 2000-10-26 |
Next: UNITED TECHNOLOGIES CORP /DE/, 10-Q, EX-15, 2000-10-26 |
<PAGE>
Exhibit 12
UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
Nine Months Ended
September 30,
In Millions of Dollars 2000 1999
<S> <C> <C>
Fixed Charges:
Interest expense $ 276 $ 175
Interest capitalized 12 11
One-third of rents* 50 57
Total Fixed Charges $ 338 $ 243
Earnings:
Income from continuing operations before income
taxes and minority interests $ 2,119 $ 1,188
Fixed charges per above 338 243
Less: interest capitalized (12) (11)
326 232
* Amortization of interest capitalized 12 19
Total Earnings $ 2,457 $ 1,439
Ratio of Earnings to Fixed Charges 7.27 5.92
</TABLE>
* Reasonable approximation of the interest factor.
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