Attached files
| file | filename |
|---|---|
| 10-Q - FY1516 Q2 OND 10-Q - PROCTER & GAMBLE Co | fy1516q2ond10-qreport.htm |
| EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION-CHIEF FINANCIAL OFFICER - PROCTER & GAMBLE Co | fy1516q2ond10-qexhibit312.htm |
| EX-32.1 - SECTION 1350 CERTIFICATIONS-CHIEF EXECUTIVE OFFICER - PROCTER & GAMBLE Co | fy1516q2ond10-qexhibit321.htm |
| EX-32.2 - SECTION 1350 CERTIFICATIONS-CHIEF FINANCIAL OFFICER - PROCTER & GAMBLE Co | fy1516q2ond10-qexhibit322.htm |
| EX-10.1 - THE P&G 2014 STOCK AND INCENTIVE COMPENSATION PLAN-RELATED CORRESPONDENCE - PROCTER & GAMBLE Co | fy1516q2ond10-qexhibit10x1.htm |
| EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION-CHIEF EXECUTIVE OFFICER - PROCTER & GAMBLE Co | fy1516q2ond10-qexhibit311.htm |
EXHIBIT 12
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Years Ended June 30 | Six Months Ended December 31 | ||||||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2015 | 2014 | |||||||||||||||||||||
Amounts in millions, except ratio amounts | |||||||||||||||||||||||||||
EARNINGS, AS DEFINED | |||||||||||||||||||||||||||
Earnings from operations before income taxes after eliminating undistributed earnings of equity method investees | $ | 11,009 | $ | 13,492 | $ | 13,499 | $ | 11,970 | $ | 13,370 | $ | 7,484 | $ | 6,986 | |||||||||||||
Fixed charges (excluding capitalized interest) | 842 | 928 | 900 | 1,000 | 1,053 | 387 | 437 | ||||||||||||||||||||
TOTAL EARNINGS, AS DEFINED | $ | 11,851 | $ | 14,420 | $ | 14,399 | $ | 12,970 | $ | 14,423 | $ | 7,871 | $ | 7,423 | |||||||||||||
FIXED CHARGES, AS DEFINED | |||||||||||||||||||||||||||
Interest expense (including capitalized interest) | $ | 693 | $ | 789 | $ | 755 | $ | 844 | $ | 889 | $ | 313 | $ | 365 | |||||||||||||
1/3 of rental expense | 166 | 174 | 171 | 176 | 170 | 76 | 82 | ||||||||||||||||||||
TOTAL FIXED CHARGES, AS DEFINED | $ | 859 | $ | 963 | $ | 926 | $ | 1,020 | $ | 1,059 | $ | 389 | $ | 447 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 13.8x | 15.0x | 15.5x | 12.7x | 13.6x | 20.2x | 16.6x | ||||||||||||||||||||