The Procter & Gamble Company (PG) 10-Q2018 Q2 Quarterly report

Filed: 23 Jan 18, 12:00am

Content analysis

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

New words: attack, brush, channel, citizenship, Cold, commonly, complex, concentration, Cough, cyber, deemed, deploying, earlier, federal, framework, hire, intranet, Korean, legislation, legislative, mid, misuse, mitigating, modified, paragraph, peninsula, phased, predict, provisional, pulp, recommended, Russia, territorial, tier

Removed: privacy

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

Associated PG transcripts

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
Amounts in millions, except ratio amounts	2017		2016		2015		2014		2013		2017		2016
EARNINGS, AS DEFINED
Earnings from operations before income taxes after eliminating undistributed earnings of equity method investees	$	13,233	$	13,356	$	11,009	$	13,492	$	13,499	$	7,789	$	6,992
Fixed charges (excluding capitalized interest)	640		778		842		928		900		323		346
TOTAL EARNINGS, AS DEFINED	$	13,873	$	14,134	$	11,851	$	14,420	$	14,399	$	8,112	$	7,338

FIXED CHARGES, AS DEFINED
Interest expense (including capitalized interest)	$	521	$	634	$	693	$	789	$	755	$	263	$	280
1/3 of rental expense	118		144		166		174		171		57		66
TOTAL FIXED CHARGES, AS DEFINED	$	639	$	778	$	859	$	963	$	926	$	320	$	346

RATIO OF EARNINGS TO FIXED CHARGES	21.7x		18.2x		13.8x		15.0x		15.5x		25.4x		21.2x

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.