Corporations — good ones — make money. It’s our work, it’s what UTC shareowners expect,
and we do it well.

But beyond profits, the economic value we create is multiplied several times in the form of capital investments, taxes, salaries, dividends and payments to suppliers.

Furthermore, dedication to ethical behavior, safe products and workplaces, a diverse work force and a significant investment in the future through research and development all provide economic benefits to society. Each of these has a cost — but also a return. These actions are sound, strategic investments in society that create a better place to live, a productive work environment and
wealth to begin the cycle of economic benefit all over again.

The following pages provide a snapshot of economic value for our stakeholders; more detail
can be found on pages 26-30.