Church & Dwight (CHD) 10-K 2015 FY Annual report

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