Becton, Dickinson and (BDX) 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Exhibit 12.1

Becton, Dickinson and Company

Calculation of Ratio of Earnings to Fixed Charges

(All Amounts in Millions except for the Ratio of Earnings to Fixed Charges)

	Three Months Ended December 31,			Year Ended September 30
	Historical			Historical			Historical			Historical			Historical			Historical
	2017			2017			2016			2015			2014			2013
Earnings:
Income from Continuing Operations Before Inc. Tax	$	105		$	976		$	1,074		$	739		$	1,522		$	1,165
Interest Capitalized, Net (1)		(3	)		(7	)		(3	)		(5	)		(10	)		(11	)
Minority interest		14			40			-			-			-			-
Fixed Charges		177			590			455			431			191			194
Earnings as Adjusted	$	293		$	1,599		$	1,526		$	1,165		$	1,703		$	1,348
Fixed Charges:
Interest Cost (2)	$	168		$	553		$	418		$	401		$	167		$	171
Interest Allocable to rental Expenses (3)		9			37			37			30			24			23
Fixed Charges	$	177		$	590		$	455		$	431		$	191		$	194
Ratio of Earnings to Fixed Charges		1.7			2.7			3.4			2.7			8.9			6.9

(1) Includes amortization of capitalized interest less interest capitalized for the period.

(2) Includes amortization of debt expense.

(3) Portion of rent expense representing interest.