RAYTHEON TECHNOLOGIES CORP - FORM 10-Q - EX-12 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - October 23, 2009

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10-Q - FORM 10-Q - RAYTHEON TECHNOLOGIES CORPd10q.htm
EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - RAYTHEON TECHNOLOGIES CORPdex15.htm
EX-10.7 - UNITED TECHNOLOGIES CORPORATION EXECUTIVE LEADERSHIP PROGRAM - RAYTHEON TECHNOLOGIES CORPdex107.htm
EX-31.3 - RULE 13A-14(A) / 15D-14(A) CERTIFICATION MARGARET M. SMYTH - RAYTHEON TECHNOLOGIES CORPdex313.htm
EX-31.1 - RULE 13A-14(A) / 15D-14(A) CERTIFICATION LOUIS R. CHENEVERT - RAYTHEON TECHNOLOGIES CORPdex311.htm
EX-31.2 - RULE 13A-14(A) / 15D-14(A) CERTIFICATION GREGORY J. HAYES - RAYTHEON TECHNOLOGIES CORPdex312.htm
EX-32 - SECTION 1350 CERTIFICATIONS - RAYTHEON TECHNOLOGIES CORPdex32.htm
EX-10.37 - UNITED TECHNOLOGIES CORPORATION SAVINGS RESTORATION PLAN SUMMARY DESCRIPTION - RAYTHEON TECHNOLOGIES CORPdex1037.htm

Exhibit 12

UNITED TECHNOLOGIES CORPORATION

AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

      Nine Months Ended September 30,  

(in millions of dollars)

   2009     2008  

Fixed Charges:

    

Interest expense1 

    $ 522     $ 518  

Interest capitalized

     14       14  

One-third of rents2 

      111       102  
                

Total fixed charges

   $ 647     $ 634  
                

Earnings:

    

Income before income taxes

   $ 4,136     $ 5,304  

Fixed charges per above

     647       634  

Less: capitalized interest

     (14 )      (14 ) 
                
     633       620  
                

Amortization of interest capitalized

     12       7  
                

Total earnings

   $ 4,781     $ 5,931  
                

Ratio of earnings to fixed charges

     7.39       9.35  
                

 

1

Pursuant to the guidance in the Income Taxes Topic of the FASB ASC, interest related to unrecognized tax benefits recorded was approximately $15 million and $30 million for the nine months ended September 30, 2009 and 2008, respectively. The ratio of earnings to fixed charges would have been 7.56 and 9.82 for the nine months ended September 30, 2009 and 2008, respectively, if such interest were excluded from the calculation.

2

Reasonable approximation of the interest factor.

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