EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

(Unaudited)

Three Months Ended March 31, 2015 | |||

Earnings: | |||

Income before income taxes | $ | 852 | |

Add: | |||

Fixed charges | 52 | ||

Less: | |||

Income from equity investees | (2 | ) | |

Capitalized interest | (1 | ) | |

Income as adjusted | $ | 901 | |

Fixed Charges: | |||

Interest on indebtedness and amortization of debt expense and discount or premium | $ | 31 | |

Portion of rents representative of interest factor | 20 | ||

Capitalized interest | 1 | ||

Total Fixed Charges | $ | 52 | |

Ratio of earnings to fixed charges | 17.3 |