CONSOLIDATED BALANCE SHEET See accompanying Notes to Consolidated Financial Statements (Dollars in millions, except per share amounts; shares in thousands) 2011 2010 ASSETS Cash and cash equivalents $5 , 9 6 0 $4 , 0 8 3 Accounts receivable (net of allowance for doubtful accounts of $394 and $402) 9,546 8,925 Inventories and contracts in progress, net 7,797 7,766 Future income tax benefits, current 1,662 1,623 Other assets, current 793 1,113 Total Current Assets 25,758 23,510 Customer financing assets 1,035 1,118 Future income tax benefits 2,387 1,970 Fixed assets, net 6,201 6,280 Goodwill 17,943 17,721 Intangible assets, net 3,918 4,060 Other assets 4,210 3,834 Total Assets $ 61,452 $58,493 LIABILITIES AND EQUITY Short-term borrowings $6 3 0 $ 116 Accounts payable 5,570 5,206 Accrued liabilities 12,287 12,247 Long-term debt currently due 129 163 Total Current Liabilities 18,616 17,732 Long-term debt 9,501 10,010 Future pension and postretirement benefit obligations 5,007 3,592 Other long-term liabilities 5,150 4,510 Total Liabilities 38,274 35,844 Commitments and contingent liabilities (Notes 4 and 17) Redeemable non-controlling interest 358 317 Shareowners’ Equity: Capital Stock: Preferred Stock, $1 par value; 250,000 shares authorized; None issued or outstanding — — Common Stock, $1 par value; 4,000,000 shares authorized; 1,400,212 and 1,393,297 shares issued 13,445 12,597 Treasury Stock—492,990 and 472,028 common shares at cost (19,410) (17,468) Retained earnings 33,487 30,191 Unearned ESOP shares (152) (166) Accumulated other comprehensive income (loss): Foreign currency translation 206 366 Other (5,696) (4,135) Total Accumulated other comprehensive loss (5,490) (3,769) Total Shareowners’ Equity 21,880 21,385 Non-controlling interest 940 947 Total Equity 22,820 22,332 Total Liabilities and Equity $61,452 $58,493 58 UNITED TECHNOLOGIES CORPORATION