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EXHIBIT 12
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
Exhibit 12 - Ratio of Earnings to Fixed Charges
(Dollars in millions) |
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| Years ended December 31, |
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| 2017 |
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| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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Interest expense and amortization of debt expense and premium | $ | 52.6 |
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| $ | 27.7 |
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| $ | 30.5 |
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| $ | 27.4 |
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| $ | 27.7 |
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Capitalized interest |
| 0.2 |
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| 0.3 |
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| 0.6 |
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| 0.7 |
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| 0.4 |
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Interest in rent expense |
| 8.1 |
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| 6.2 |
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| 6.1 |
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| 6.2 |
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| 6.9 |
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Total fixed charges | $ | 60.9 |
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| $ | 34.2 |
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| $ | 37.2 |
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| $ | 34.3 |
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| $ | 35.0 |
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Income before Income Taxes | 692.7 |
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| $ | 705.9 |
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| $ | 635.4 |
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| $ | 624.9 |
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| $ | 597.8 |
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Plus: |
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Fixed Charges |
| 60.9 |
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| 34.2 |
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| 37.2 |
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| 34.3 |
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| 35.0 |
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Amortization of capitalized interest |
| 0.9 |
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| 0.9 |
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| 0.9 |
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| 0.9 |
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| 0.9 |
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Distributed income from equity investment |
| 10.1 |
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| 9.0 |
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| 12.0 |
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| 12.5 |
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| 7.7 |
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Less: |
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Capitalized interest |
| (0.2 | ) |
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| (0.3 | ) |
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| (0.6 | ) |
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| (0.7 | ) |
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| (0.4 | ) |
Equity in (earnings) losses of affiliates |
| (10.8 | ) |
|
| (9.2 | ) |
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| 5.8 |
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| (11.6 | ) |
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| (2.8 | ) |
Earnings as adjusted | $ | 753.6 |
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| $ | 740.5 |
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| $ | 690.7 |
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| $ | 660.3 |
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| $ | 638.2 |
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Ratio of earnings to fixed charges |
| 12.4 |
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| 21.7 |
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| 18.6 |
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| 19.3 |
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| 18.2 |
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