EXHIBIT 12.1
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
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| Nine |
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| Year Ended December 31, |
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| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
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Earnings: |
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Income before income taxes |
| $ | 2,881 |
| $ | 3,430 |
| $ | 3,538 |
| $ | 3,005 |
| $ | 2,563 |
| $ | 2,059 |
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Add: |
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Interest on indebtedness and amortization of debt expense discount or premium |
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| 42 |
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| 64 |
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| 88 |
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| 106 |
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| 167 |
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| 167 |
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Portion of rents representative of interest factor |
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| 55 |
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| 73 |
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| 71 |
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| 61 |
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| 52 |
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| 47 |
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Loss on equity investments |
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| — |
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| — |
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| — |
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| — |
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| — |
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| — |
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Less: |
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Gain on equity investments |
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| (5 | ) |
| (5 | ) |
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| (4 | ) |
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Income as adjusted |
| $ | 2,973 |
| $ | 3,562 |
| $ | 3,692 |
| $ | 3,168 |
| $ | 2,779 |
| $ | 2,270 |
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Fixed Charges: |
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Interest on indebtedness and amortization of debt expense discount or premium |
| $ | 42 |
| $ | 64 |
| $ | 88 |
| $ | 106 |
| $ | 167 |
| $ | 167 |
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Portion of rents representative of interest factor |
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| 55 |
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| 73 |
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| 71 |
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| 61 |
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| 52 |
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| 47 |
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Capitalized interest |
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| — |
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| 4 |
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| 14 |
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| 9 |
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| 6 |
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| 4 |
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Total fixed charges |
| $ | 97 |
| $ | 141 |
| $ | 173 |
| $ | 176 |
| $ | 225 |
| $ | 218 |
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Ratio of earnings to fixed charges |
| $ | 30.6 |
| $ | 25.3 |
| $ | 21.3 |
| $ | 18.0 |
| $ | 12.4 |
| $ | 10.4 |
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