PROCTER & GAMBLE Co - FORM 10-K - EX-12 - EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - August 7, 2015

Attached files

file filename
EX-23 - EXHIBIT 23 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - PROCTER & GAMBLE Cofy141510-kexhibit23.htm
EX-21 - EXHIBIT 21 SUBSIDIARIES OF THE REGISTRANT - PROCTER & GAMBLE Cofy141510-kexhibit21.htm
EX-32 - EXHIBIT 32 SECTION 1350 CERTIFICATIONS - PROCTER & GAMBLE Cofy141510-kexhibit32.htm
EX-99.1 - EXHIBIT 99.1 SUMMARY OF DIRECTORS AND OFFICERS INSURANCE PROGRAM - PROCTER & GAMBLE Cofy141510-kexhibit991.htm
EX-2.1 - EXHIBIT 2.1 TRANSACTION AGREEMENT AMONG P&G, COTY, GALLERIA, GREEN ACQ SUB - PROCTER & GAMBLE Cofy141510-kexhibit2x1.htm
EX-4.2 - EXHIBIT 4.2 INDENTURE AMONG P&G INTL FUND SCA, P&G AND DEUTSCHE BANK, TRUSTEE - PROCTER & GAMBLE Cofy141510-kexhibit4x2.htm
EX-4.1 - EXHIBIT 4.1 INDENTURE BETWEEN P&G AND DEUTSCHE BANK, TRUSTEE - PROCTER & GAMBLE Cofy141510-kexhibit4x1.htm
EX-10.7 - EXHIBIT 10.7 P&G FUTURE SHARES PLAN - PROCTER & GAMBLE Cofy141510-kexhibit10x7.htm
10-K - 10-K - PROCTER & GAMBLE Cofy141510-kreport.htm
EX-31 - EXHIBIT 31 RULE13A-14(A)/15D-14(A) CERTIFICATIONS - PROCTER & GAMBLE Cofy141510-kexhibit31.htm


EXHIBIT (12)
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges


 
Years ended June 30
Amounts in millions
2015
 
2014
  
2013
  
2012
  
2011
EARNINGS, AS DEFINED
 
  
 
  
 
  
 
  
 
Earnings from operations before income taxes after eliminating undistributed earnings of equity method investees
$
11,843

 
$
14,320

 
$
14,270

  
$
12,111

  
$
14,305

Fixed charges (excluding capitalized interest)
842

 
928

 
899

  
1,000

  
1,052

TOTAL EARNINGS, AS DEFINED
$
12,685

 
$
15,248

 
$
15,169

  
$
13,111

  
$
15,357

 
 
 
 
 
 
 
 
 
 
FIXED CHARGES, AS DEFINED
 
  
 
  
 
  
 
  
 
Interest expense (including capitalized interest)
$
693

 
$
789

 
$
754

  
$
844

  
$
888

1/3 of rental expense
166

 
174

 
171

  
176

  
170

TOTAL FIXED CHARGES, AS DEFINED
$
859

 
$
963

 
$
925

  
$
1,020

  
$
1,058

 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES
14.8x
 
 15.8x
 
 16.4x
  
 12.9x
  
 14.5x



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