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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, 2010 | ||||
Earnings: | ||||
Income before income taxes | $ | 2,541 | ||
Add: | ||||
Interest on indebtedness and amortization of debt expense and discount or premium | 47 | |||
Portion of rents representative of interest factor | 53 | |||
Less: | ||||
Gain on equity investments | (4 | ) | ||
Income as adjusted | $ | 2,637 | ||
Fixed Charges: | ||||
Interest on indebtedness and amortization of debt expense and discount or premium | 47 | |||
Portion of rents representative of interest factor | 53 | |||
Capitalized interest | 4 | |||
Total fixed charges | $ | 104 | ||
Preferred Dividends: | ||||
Dividends on Preference Stock | $ | 29 | ||
Ratio of earnings to fixed charges | 25.4 | |||
Ratio of earnings to fixed charges and preferred dividends | 19.8 |