EX-12 3 exhibit1212312014.htm EXHIBIT 12 EXHIBIT 12 12/31/2014


EXHIBIT 12

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

(Dollars in Millions Except Per Share Amounts)
 
 
 
 
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
3,533

 
$
3,565

 
$
3,874

 
$
3,789

 
$
3,430

Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
212

 
196

 
157

 
141

 
141

Less:
 
 
 
 
 
 
 
 
 
 
Income from equity investees
 
(7
)
 
(5
)
 
(7
)
 
(6
)
 
(5
)
Capitalized interest
 
(4
)
 
(3
)
 
(1
)
 
(1
)
 
(4
)
Income as adjusted
 
$
3,734

 
$
3,753

 
$
4,023

 
$
3,923

 
$
3,562

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness and amortization
 of debt expense discount or premium
 
$
130

 
$
116

 
$
80

 
$
58

 
$
64

Portion of rents representative of interest factor
 
78

 
77

 
76

 
82

 
73

Capitalized interest
 
4

 
3

 
1

 
1

 
4

Total fixed charges
 
$
212

 
$
196

 
$
157

 
$
141

 
$
141

Ratio of earnings to fixed charges
 
17.6

 
19.1

 
25.6

 
27.8

 
25.3