EX-12 3 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12

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

(Unaudited)

 

 

 

Three Months Ended
March 31, 2003

 

 

 

 

Income before income taxes

 

$

476.5

 

 

 

 

 

 

Add:

 

 

 

 

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

 

 

35.0

 

 

 

 

 

 

Portion of rents representative of interest factor

 

 

8.2

 

 

 

 

 

 

 

 

 

Income as adjusted

 

$

519.7

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

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

 

$

35.0

 

 

 

 

 

 

Portion of rents representative of interest factor

 

 

8.2

 

 

 

 

 

 

Capitalized interest

 

 

0.9

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

44.1

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

11.8

 

 

 

 


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