Colgate-Palmolive (CL) 10-Q 2003 Q2 Quarterly report

EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions Except Per Share Amounts)

(Unaudited)

	Six Months Ended June 30, 2003
Income before income taxes	$	1,002.7
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		67.2
Portion of rents representative of interest factor		16.3
Less:
Gain on equity investments		(0.1	)
Income as adjusted	$	1,086.1
Fixed charges:
Interest on indebtedness and amortization of debt expense and discount or premium	$	67.2
Portion of rents representative of interest factor		16.3
Capitalized interest		2.0
Total fixed charges	$	85.5
Ratio of earnings to fixed charges		12.7