UNITED TECHNOLOGIES CORPORATION 58 Consolidated Balance Sheet (DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS; SHARES IN THOUSANDS) 2012 2011 Assets Cash and cash equivalents $ 4,819 $ 5,960 Accounts receivable (net of allowance for doubtful accounts of $443 and $394) 11,099 9,546 Inventories and contracts in progress, net 9,537 7,797 Future income tax benefits, current 1,611 1,662 Assets held for sale 1,071 – Other assets, current 1,473 793 Total Current Assets 29,610 25,758 Customer financing assets 1,150 1,035 Future income tax benefits 1,599 2,387 Fixed assets, net 8,518 6,201 Goodwill 27,801 17,943 Intangible assets, net 15,189 3,918 Other assets 5,542 4,210 Total Assets $ 89,409 $ 61,452 Liabilities and Equity Short-term borrowings $ 503 $ 630 Accounts payable 6,431 5,570 Accrued liabilities 15,310 12,287 Liabilities held for sale 421 – Long-term debt currently due 1,121 129 Total Current Liabilities 23,786 18,616 Long-term debt 21,597 9,501 Future pension and postretirement benefit obligations 7,520 5,007 Other long-term liabilities 9,199 5,150 Total Liabilities 62,102 38,274 Commitments and contingent liabilities (Notes 5 and 18) Redeemable non-controlling interest 238 358 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; 1,407,780 and 1,400,212 shares issued 13,976 13,445 Treasury Stock—488,931 and 492,990 common shares at average cost (19,251) (19,410) Retained earnings 36,776 33,487 Unearned ESOP shares (139) (152) Total Accumulated other comprehensive loss (5,448) (5,490) Total Shareowners’ Equity 25,914 21,880 Non-controlling interest 1,155 940 Total Equity 27,069 22,820 Total Liabilities and Equity $ 89,409 $ 61,452 See accompanying Notes to Consolidated Financial Statements