EX-12 2 exhibit1212312012.htm EXHIBIT 12 EXHIBIT 12 12/31/2012


EXHIBIT 12

COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions Except Per Share Amounts)
 
 
 
 
 
 
2012
 
2011
 
2010
 
2009
 
2008
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
3,874

 
$
3,789

 
$
3,430

 
$
3,538

 
$
3,005

 
 
 
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness and amortization
 of debt expense discount or premium
 
80

 
58

 
64

 
88

 
106

 
Portion of rents representative of interest factor
 
76

 
82

 
73

 
71

 
61

 
Loss on equity investments
 
—

 
—

 
—

 
—

 
—

 
Less:
 
 
 
 
 
 
 
 
 
 
 
Gain on equity investments
 
(7
)
 
(6
)
 
(5
)
 
(5
)
 
(4
)
 
Income as adjusted
 
$
4,023

 
$
3,923

 
$
3,562

 
$
3,692

 
$
3,168

 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness and amortization
 of debt expense discount or premium
 
$
80

 
$
58

 
$
64

 
$
88

 
$
106

 
Portion of rents representative of interest factor
 
76

 
82

 
73

 
71

 
61

 
Capitalized interest
 
1

 
1

 
4

 
14

 
9

 
Total fixed charges
 
$
157

 
$
141

 
$
141

 
$
173

 
$
176

 
Ratio of earnings to fixed charges
 
25.6

 
27.8

 
25.3

 
21.3

 
18.0