EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

(Unaudited)

Nine Months Ended September 30, 2017 | |||

Earnings: | |||

Income before income taxes | $ | 2,591 | |

Add: | |||

Fixed charges | 166 | ||

Less: | |||

Income from equity investees | (8 | ) | |

Capitalized interest | (2 | ) | |

Income as adjusted | $ | 2,747 | |

Fixed Charges: | |||

Interest on indebtedness and amortization of debt expense and discount or premium | $ | 113 | |

Rents of one-third representative of interest factor | 51 | ||

Capitalized interest | 2 | ||

Total fixed charges | $ | 166 | |

Ratio of earnings to fixed charges | 16.5 |