Exhibit (12) ECOLAB INC. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (in thousands, except ratios) Nine Months Year Ended December 31, Ended September 30, ---------------------------------------------------- ------------------- 1999 1998 1997 1996 1995 2000 1999 -------- -------- -------- -------- -------- -------- -------- Earnings Income from continuing operations before income taxes and equity in earnings of Henkel-Ecolab $267,238 $240,238 $205,867 $170,945 $151,181 $231,919 $205,041 Royalties and dividends received from Henkel-Ecolab 21,826 10,451 25,367 15,769 5,610 15,519 21,179 Fixed charges, as computed below 41,441 39,037 30,761 30,774 26,621 32,238 30,646 -------- -------- -------- -------- -------- -------- -------- Total earnings including fixed charges $330,505 $289,726 $261,995 $217,488 $183,412 $279,676 $256,866 ======== ======== ======== ======== ======== ======== ======== Fixed Charges Interest expense $ 25,053 $ 25,012 $ 18,043 $ 19,084 $ 15,857 $ 18,718 $ 18,355 Portion of rental expense estimated to be representative of interest 16,388 14,025 12,718 11,690 10,764 13,520 12,291 -------- -------- -------- -------- -------- -------- -------- Total fixed charges $ 41,441 $ 39,037 $ 30,761 $ 30,774 $ 26,621 $ 32,238 $ 30,646 ======== ======== ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 7.98 7.42 8.52 7.07 6.89 8.68 8.38