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EXHIBIT 12
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
(Unaudited)
Three Months Ended March 31, 2015 | |||
Earnings: | |||
Income before income taxes | $ | 852 | |
Add: | |||
Fixed charges | 52 | ||
Less: | |||
Income from equity investees | (2 | ) | |
Capitalized interest | (1 | ) | |
Income as adjusted | $ | 901 | |
Fixed Charges: | |||
Interest on indebtedness and amortization of debt expense and discount or premium | $ | 31 | |
Portion of rents representative of interest factor | 20 | ||
Capitalized interest | 1 | ||
Total Fixed Charges | $ | 52 | |
Ratio of earnings to fixed charges | 17.3 |