Church & Dwight (CHD) 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

EXHIBIT 12.1 - Ratio of Earnings to Fixed Charges

(Dollars in millions)	6 Months ended			Years ended December 31
	June 30, 2012			2011			2010			2009			2008			2007
Interest expense and amortization of debt expense and premium	$	5.1		$	8.7		$	27.8		$	35.6		$	47.0		$	58.9
Capitalized interest		0.6			1.9			1.0			2.3			0.7			0.8
Interest in rent expense		4.0			6.0			5.9			6.8			7.3			5.6
Total fixed charges	$	9.7		$	16.6		$	34.7		$	44.7		$	55.0		$	65.3
Income before Income Taxes	$	266.3		$	494.6		$	418.2		$	392.2		$	308.3		$	264.9
Plus:
Fixed Charges		9.7			16.6			34.7			44.7			55.0			65.3
Amortization of capitalized interest		0.4			0.8			0.7			0.6			0.4			0.4
Distributed income from equity investment		6.3			10.5			8.7			9.3			11.0			7.1
Less:
Capitalized interest		(0.6	)		(1.9	)		(1.0	)		(2.3	)		(0.7	)		(0.8	)
Equity in earnings from affiliates		(4.9	)		(10.0	)		(5.0	)		(12.1	)		(11.3	)		(8.2	)
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges		0.0			0.0			0.0			0.0			0.0			0.0
Earnings as adjusted	$	277.2		$	510.6		$	456.3		$	432.4		$	362.7		$	328.7
Ratio of earnings to fixed charges		28.7			30.8			13.1			9.7			6.6			5.0