EX-12 2 ex12.htm EXHIBIT 12 ex12.htm
EXHIBIT 12

COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions Except Per Share Amounts)

   
Years Ended December 31,
  
  
  
2010
    
2009
    
2008
    
2007
    
2006
  
Earnings:
                                      
Income before income taxes
  
$
3,430
    
$
3,538
    
$
3,005
    
$
2,563
    
$
2,059
  
                                         
Add:
                                        
Interest on indebtedness and amortization of debt expense discount or premium
    
64
      
88
      
106
      
167
      
167
  
Portion of rents representative of interest factor
    
73
      
71
      
61
      
52
      
47
  
Loss on equity investments
    
—
      
—
      
—
      
—
      
—
  
Less:
                                        
Gain on equity investments
    
(5
)
    
(5
)
    
(4
)
    
(3
)
    
(3
)
Income as adjusted
  
$
3,562
    
$
3,692
    
$
3,168
    
$
2,779
    
$
2,270
  
Fixed Charges:
                                        
Interest on indebtedness and amortization of debt expense discount or premium
  
$
64
    
$
88
    
$
106
    
$
167
    
$
167
  
Portion of rents representative of interest factor
    
73
      
71
      
61
      
52
      
47
  
Capitalized interest
    
4
      
14
      
9
      
6
      
4
  
Total fixed charges
  
$
141
    
$
173
    
$
176
    
$
225
    
$
218
  
Ratio of earnings to fixed charges
    
25.3
    
 
21.3
      
18.0
      
12.4
      
10.4