EXHIBIT 12

THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Years Ended June 30										Three Months Ended      September 30
	2010		2009		2008		2007		2006		2010		2009
EARNINGS, AS DEFINED
Earnings from operations before income taxes and before adjustments for noncontrolling interests in consolidated subsidiaries and after eliminating undistributed earnings of equity method investees	$	15,169	$	14,461	$	14,927	$	13,698	$	11,658	$	4,287	$	4,162
Fixed charges (excluding capitalized interest and including amortization of capitalized interest)		1,167		1,576		1,640		1,458		1,268		259		342
TOTAL EARNINGS, AS DEFINED	$	16,336	$	16,037	$	16,567	$	15,156	$	12,926	$	4,546	$	4,504
FIXED CHARGES, AS DEFINED
Interest expense (including capitalized interest)	$	1,014	$	1,431	$	1,546	$	1,374	$	1,153	$	222	$	304
1/3 of rental expense		176		177		137		124		122		38		44
TOTAL FIXED CHARGES, AS DEFINED	$	1,190	$	l,608	$	1,683	$	1,498	$	1,275	$	260	$	348
RATIO OF EARNINGS TO FIXED CHARGES		13.7x		10.0x		9.8x		10. 1x		10. 1x		17.5x		12.9x