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EXHIBIT 12
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
Exhibit 12 - Ratio of Earning to Fixed Charges
(Dollars in millions) | Years ended December 31 |
| |||||||||||||||||
| 2015 |
|
| 2014 |
|
| 2013 |
|
| 2012 |
|
| 2011 |
| |||||
Interest expense and amortization of debt expense and premium | $ | 30.5 |
|
| $ | 27.4 |
|
| $ | 27.7 |
|
| $ | 14.0 |
|
| $ | 8.7 |
|
Capitalized interest |
| 0.6 |
|
|
| 0.7 |
|
|
| 0.4 |
|
|
| 0.8 |
|
|
| 1.9 |
|
Interest in rent expense |
| 6.1 |
|
|
| 6.2 |
|
|
| 6.9 |
|
|
| 6.8 |
|
|
| 6.0 |
|
Total fixed charges | $ | 37.2 |
|
| $ | 34.3 |
|
| $ | 35.0 |
|
| $ | 21.6 |
|
| $ | 16.6 |
|
Income before Income Taxes | $ | 635.4 |
|
| $ | 624.9 |
|
| $ | 597.8 |
|
| $ | 542.5 |
|
| $ | 494.6 |
|
Plus: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges |
| 37.2 |
|
|
| 34.3 |
|
|
| 35.0 |
|
|
| 21.6 |
|
|
| 16.6 |
|
Amortization of capitalized interest |
| 0.9 |
|
|
| 0.9 |
|
|
| 0.9 |
|
|
| 0.9 |
|
|
| 0.8 |
|
Distributed income from equity investment |
| 12.0 |
|
|
| 12.5 |
|
|
| 7.7 |
|
|
| 10.3 |
|
|
| 10.5 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capitalized interest |
| (0.6 | ) |
|
| (0.7 | ) |
|
| (0.4 | ) |
|
| (0.8 | ) |
|
| (1.9 | ) |
Equity in (earnings) losses of affiliates |
| 5.8 |
|
|
| (11.6 | ) |
|
| (2.8 | ) |
|
| (8.9 | ) |
|
| (10.0 | ) |
Earnings as adjusted | $ | 690.7 |
|
| $ | 660.3 |
|
| $ | 638.2 |
|
| $ | 565.6 |
|
| $ | 510.6 |
|
Ratio of earnings to fixed charges |
| 18.6 |
|
|
| 19.3 |
|
|
| 18.2 |
|
|
| 26.2 |
|
|
| 30.8 |
|