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New words:
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accelerated, accessible, benzalkoniam, bolivar, California, chloride, Codification, collection, curtailment, Delano, demolition, formal, fueled, inflation, leaving, limit, limiting, Maryland, mature, Mission, operated, Pedro, point, prepare, Reinhard, relocate, settled, sporadic, Supplementary, talc, unamortized, vacancy
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EXHIBIT 12
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions Except Per Share Amounts)
| 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
| Income before income taxes | $ | 3,738 | $ | 2,763 | $ | 3,533 | $ | 3,565 | $ | 3,874 | |||||||||
| Add: | |||||||||||||||||||
| Fixed charges | 229 | 216 | 212 | 196 | 157 | ||||||||||||||
| Less: | |||||||||||||||||||
| Income from equity investees | (10 | ) | (8 | ) | (7 | ) | (5 | ) | (7 | ) | |||||||||
| Capitalized interest | (6 | ) | (6 | ) | (4 | ) | (3 | ) | (1 | ) | |||||||||
| Income as adjusted | $ | 3,951 | $ | 2,965 | $ | 3,734 | $ | 3,753 | $ | 4,023 | |||||||||
| Fixed Charges: | |||||||||||||||||||
Interest on indebtedness and amortization of debt expense discount or premium | $ | 149 | $ | 133 | $ | 130 | $ | 116 | $ | 80 | |||||||||
| Rents of one-third representative of interest factor | 74 | 77 | 78 | 77 | 76 | ||||||||||||||
| Capitalized interest | 6 | 6 | 4 | 3 | 1 | ||||||||||||||
| Total fixed charges | $ | 229 | $ | 216 | $ | 212 | $ | 196 | $ | 157 | |||||||||
| Ratio of earnings to fixed charges | 17.3 | 13.7 | 17.6 | 19.1 | 25.6 | ||||||||||||||