EX-12 5 d458673dex12.htm EX-12 EX-12

EXHIBIT 12

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

Exhibit 12 - Ratio of Earnings to Fixed Charges

 

     Six
Months
ended
June 30,
2017
   

 

Years ended December 31

 
(Dollars in millions)      2016     2015     2014     2013     2012  

Interest expense and amortization of debt expense and premium

   $ 17.5     $ 27.7     $ 30.5     $ 27.4     $ 27.7     $ 14.0  

Capitalized interest

     0.0       0.3       0.6       0.7       0.4       0.8  

Interest in rent expense

     3.1       6.2       6.1       6.2       6.9       6.8  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 20.6     $ 34.2     $ 37.2     $ 34.3     $ 35.0     $ 21.6  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before Income Taxes

   $ 307.0     $ 705.9     $ 635.4     $ 624.9     $ 597.8     $ 542.5  

Plus:

            

Fixed Charges

     20.6       34.2       37.2       34.3       35.0       21.6  

Amortization of capitalized interest

     .4       0.9       0.9       0.9       0.9       0.9  

Distributed income from equity investment

     4.3       9.0       12.0       12.5       7.7       10.3  

Less:

            

Capitalized interest

     0.0       (0.3 )      (0.6     (0.7     (0.4     (0.8

Equity in (earnings) losses of affiliates

     (5.2 )      (9.2 )      5.8       (11.6     (2.8     (8.9
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings as adjusted

   $ 327.1     $ 740.5     $ 690.7     $ 660.3     $ 638.2     $ 565.6  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     15.9       21.7       18.6       19.3       18.2       26.2