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, 2006
Earnings:
Income before income taxes	$	480.2
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		39.3
Portion of rents representative of interest factor		10.9
Less:
Gain on equity investments		(0.8	)
Income as adjusted	$	529.6
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium		39.3
Portion of rents representative of interest factor		10.9
Capitalized interest		0.6
Total fixed charges	$	50.8
Preferred Dividends:
Dividends on Preference Stock	$	9.2
Ratio of earnings to fixed charges		10.4
Ratio of earnings to fixed charges and preferred dividends		8.8