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, 2007
Earnings:
Income before income taxes	$	1,855.9
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		129.1
Portion of rents representative of interest factor		35.7
Less:
Gain on equity investments		(2.8	)
Income as adjusted	$	2,017.9
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium		129.1
Portion of rents representative of interest factor		35.7
Capitalized interest		5.1
Total fixed charges	$	169.9
Preferred Dividends:
Dividends on Preference Stock	$	25.8
Ratio of earnings to fixed charges		11.9
Ratio of earnings to fixed charges and preferred dividends		10.3