EX-12 2 chd-ex12_20141231421.htm EX-12

EXHIBIT 12

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

Exhibit 12 - Ratio of Earning to Fixed Charges

 

(Dollars in millions)

Years ended December 31

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

 

2010

 

Interest expense and amortization of debt expense and

   premium

$

27.4

 

 

$

27.7

 

 

$

14.0

 

 

$

8.7

 

 

$

27.8

 

Capitalized interest

 

0.7

 

 

 

0.4

 

 

 

0.8

 

 

 

1.9

 

 

 

1.0

 

Interest in rent expense

 

6.2

 

 

 

6.9

 

 

 

6.8

 

 

 

6.0

 

 

 

5.9

 

Total fixed charges

$

34.3

 

 

$

35.0

 

 

$

21.6

 

 

$

16.6

 

 

$

34.7

 

Income before Income Taxes

$

624.9

 

 

$

597.8

 

 

$

542.5

 

 

$

494.6

 

 

$

418.2

 

Plus:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

34.3

 

 

 

35.0

 

 

 

21.6

 

 

 

16.6

 

 

 

34.7

 

Amortization of capitalized interest

 

0.9

 

 

 

0.9

 

 

 

0.9

 

 

 

0.8

 

 

 

0.7

 

Distributed income from equity investment

 

12.5

 

 

 

7.7

 

 

 

10.3

 

 

 

10.5

 

 

 

8.7

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

(0.7

)

 

 

(0.4

)

 

 

(0.8

)

 

 

(1.9

)

 

 

(1.0

)

Equity in earnings from affiliates

 

(11.6

)

 

 

(2.8

)

 

 

(8.9

)

 

 

(10.0

)

 

 

(5.0

)

Noncontrolling interest in pre-tax income of subsidiaries

   that have not incurred fixed charges

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

Earnings as adjusted

$

660.3

 

 

$

638.2

 

 

$

565.6

 

 

$

510.6

 

 

$

456.3

 

Ratio of earnings to fixed charges

 

19.3

 

 

 

18.2

 

 

 

26.2

 

 

 

30.8

 

 

 

13.1