EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

PREFERRED DIVIDENDS

(Dollars in Millions)

(Unaudited)

	Nine Months Ended September 30, 2006
Earnings:
Income before income taxes	$	1,408.0
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		125.8
Portion of rents representative of interest factor		32.7
Less:
Gain on equity investments		(2.3	)
Income as adjusted	$	1,564.2
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium		125.8
Portion of rents representative of interest factor		32.7
Capitalized interest		1.9
Total fixed charges	$	160.4
Preferred Dividends:
Dividends on Preference Stock	$	26.4
Ratio of earnings to fixed charges		9.8
Ratio of earnings to fixed charges and preferred dividends		8.4