EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

(Unaudited)

Three Months Ended March 31, 2018 | |||

Earnings: | |||

Income before income taxes | $ | 924 | |

Add: | |||

Fixed charges | 65 | ||

Less: | |||

Income from equity investees | (3 | ) | |

Capitalized interest | — | ||

Income as adjusted | $ | 986 | |

Fixed Charges: | |||

Interest on indebtedness and amortization of debt expense and discount or premium | $ | 47 | |

Rents of one-third representative of interest factor | 18 | ||

Capitalized interest | — | ||

Total fixed charges | $ | 65 | |

Ratio of earnings to fixed charges | 15.2 |