The Procter & Gamble Company (PG) 10-Q2015 Q2 Quarterly report

Filed: 27 Jan 15, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigious
Readability	H.S. freshman Avg

New words: attention, battery, Berkshire, BH, channel, Chinese, country, delayed, entity, expressed, facility, fixed, guarantee, Hathaway, Japan, merchandising, nominally, percent, phishing, prevalent, recapitalization, recapitalized, Ruble, Russia, Russian, sensitivity, sophistication, Ukraine, unauthorized, unavailability, upgrading, weakening

Removed: indirect, October, projected

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

PG similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

EXHIBIT 12

THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES



	Years Ended June 30										Six Months Ended December 31
	2014		2013		2012		2011		2010		2014		2013
EARNINGS, AS DEFINED
Earnings from operations before income taxes after eliminating undistributed earnings of equity method investees	$	14,320	$	14,270	$	12,111	$	14,305	$	13,948	$	7,507	$	8,028
Fixed charges (excluding capitalized interest)	928		899		1,000		1,052		1,167		437		461
TOTAL EARNINGS, AS DEFINED	$	15,248	$	15,169	$	13,111	$	15,357	$	15,115	$	7,944	$	8,489
FIXED CHARGES, AS DEFINED
Interest expense (including capitalized interest)	$	789	$	754	$	844	$	888	$	1,014	$	365	$	392
1/3 of rental expense	174		171		176		170		176		82		87
TOTAL FIXED CHARGES, AS DEFINED	$	963	$	925	$	1,020	$	1,058	$	1,190	$	447	$	479
RATIO OF EARNINGS TO FIXED CHARGES	15.8x		16.4x		12.9x		14.5x		12.7x		17.8x		17.7x

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.