The Procter & Gamble Company (PG) 10-Q2016 Q2 Quarterly report

Filed: 26 Jan 16, 12:00am

Content analysis

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

New words: Aguilera, Christina, David, discount, Dolce, drew, equivalent, escrow, Gabbana, legacy, loan, predominantly, SEC, strategic, subsequent, susceptible, Taylor, user, website, wholly

Removed: August, capacity, Chairman, closed, digit, facility, intercompany, Lafley, mid, monetary, numerical, predominately, record, repaid, September, subsidiary, ultimately, Web

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
	2015		2014		2013		2012		2011		2015		2014
Amounts in millions, except ratio amounts
EARNINGS, AS DEFINED
Earnings from operations before income taxes after eliminating undistributed earnings of equity method investees	$	11,009	$	13,492	$	13,499	$	11,970	$	13,370	$	7,484	$	6,986
Fixed charges (excluding capitalized interest)	842		928		900		1,000		1,053		387		437
TOTAL EARNINGS, AS DEFINED	$	11,851	$	14,420	$	14,399	$	12,970	$	14,423	$	7,871	$	7,423
FIXED CHARGES, AS DEFINED
Interest expense (including capitalized interest)	$	693	$	789	$	755	$	844	$	889	$	313	$	365
1/3 of rental expense	166		174		171		176		170		76		82
TOTAL FIXED CHARGES, AS DEFINED	$	859	$	963	$	926	$	1,020	$	1,059	$	389	$	447
RATIO OF EARNINGS TO FIXED CHARGES	13.8x		15.0x		15.5x		12.7x		13.6x		20.2x		16.6x

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.