EX-12.1 9 c55438_ex12-1.htm

Exhibit 12.1

COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions Except Per Share Amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months
Ended
September 30,
2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 


 

 

 

 

2007

 

2006

 

2005

 

2004

 

2003

 

 

 


 


 


 


 


 


 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

2,177.1

 

$

2,496.5

 

$

2,001.8

 

$

2,079.0

 

$

2,002.4

 

$

2,041.9

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of debt expense and discount or premium

 

 

89.5

 

 

166.6

 

 

166.6

 

 

142.5

 

 

123.7

 

 

128.1

 

Portion of rents representative of interest factor

 

 

39.3

 

 

52.5

 

 

47.5

 

 

43.5

 

 

41.5

 

 

37.7

 

Loss on equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on equity investments

 

 

(3.0

)

 

(3.7

)

 

(3.4

)

 

(2.0

)

 

(8.5

)

 

(0.3

)

 

 



 



 



 



 



 



 

Income as adjusted

 

$

2,302.9

 

$

2,711.9

 

$

2,212.5

 

$

2,263.0

 

$

2,159.1

 

$

2,207.4

 

 

 



 



 



 



 



 



 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of debt expense and discount or premium

 

$

89.5

 

$

166.6

 

$

166.6

 

$

142.5

 

$

123.7

 

$

128.1

 

Portion of rents representative of interest factor

 

 

39.3

 

 

52.5

 

 

47.5

 

 

43.5

 

 

41.5

 

 

37.7

 

Capitalized interest

 

 

5.7

 

 

6.3

 

 

3.4

 

 

2.5

 

 

2.3

 

 

4.0

 

 

 



 



 



 



 



 



 

Total fixed charges

 

$

134.5

 

$

225.4

 

$

217.5

 

$

188.5

 

$

167.5

 

$

169.8

 

 

 



 



 



 



 



 



 

Ratio of earnings to fixed charges

 

 

17.1

 

 

12.0

 

 

10.2

 

 

12.0

 

 

12.9

 

 

13.0