EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

PREFERRED DIVIDENDS

(Dollars in Millions)

(Unaudited)

	Six Months Ended June 30, 2009
Earnings:
Income before income taxes	$	1,655.8
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		45.7
Portion of rents representative of interest factor		30.5
Less:
Gain on equity investments		(2.1	)
Income as adjusted	$	1,729.9
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium	$	45.7
Portion of rents representative of interest factor		30.5
Capitalized interest		6.2
Total fixed charges	$	82.4
Preferred Dividends:
Dividends on Preference Stock	$	18.0
Ratio of earnings to fixed charges		21.0
Ratio of earnings to fixed charges and preferred dividends		17.2