EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions Except Per Share Amounts)

(Unaudited)

	Nine Months Ended
	September 30, 2003
Income before income taxes	$	1,507.6
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		98.8
Portion of rents representative of interest factor		24.5
Less:
Gain on equity investments		(0.2	)
Income as adjusted	$	1,630.7
Fixed charges:
Interest on indebtedness and amortization of debt expense and discount or premium		98.8
Portion of rents representative of interest factor		24.5
Capitalized interest		3.2
Total fixed charges	$	126.5
Ratio of earnings to fixed charges		12.9