Colgate-Palmolive (CL) 10-Q 2009 Q3 Quarterly report

EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

PREFERRED DIVIDENDS

(Dollars in Millions)

(Unaudited)

	Nine Months Ended September 30, 2009
Earnings:
Income before income taxes	$	2,565
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		64
Portion of rents representative of interest factor		46
Less:
Income from equity investments		(4	)
Income as adjusted	$	2,671
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium		64
Portion of rents representative of interest factor		46
Capitalized interest		8
Total fixed charges	$	118
Preferred Dividends:
Dividends on Preference Stock	$	27
Ratio of earnings to fixed charges		22.6
Ratio of earnings to fixed charges and preferred dividends		18.4