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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 | |||