EX-12 2 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS. Ratio of Earnings to Fixed Charges and Preferred Dividends.

EXHIBIT 12

 

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS

(Dollars in Millions)

 

(Unaudited)

 

    

Three Months Ended

March 31, 2004

  
Earnings:         

Income before income taxes

    $ 503.0  

Add:

         

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

      29.3  

Portion of rents representative of interest factor

      9.4  

Less:

         

Gain on equity investments

      (0.3 )
    

Income as adjusted

    $ 541.4  
    

Fixed Charges:

         

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

    $ 29.3  

Portion of rents representative of interest factor

      9.4  

Capitalized interest

      0.5  
    

Total fixed charges

    $ 39.2  
    

Preferred Dividends:

         

Dividends on Preference Stock

    $ 8.4  
    

Ratio of earnings to fixed charges

      13.8  
    

Ratio of earnings to fixed charges and preferred dividends

      11.4