COLGATE PALMOLIVE CO - FORM 10-K - EX-12 - EXHIBIT 12 - February 18, 2016

Attached files

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10-K - COLGATE-PALMOLIVE 10-K 12-31-2015 - COLGATE PALMOLIVE COcl-12312015x10k.htm
EX-21 - EXHIBIT 21 - COLGATE PALMOLIVE COexhibit2112312015.htm
EX-23 - EXHIBIT 23 - COLGATE PALMOLIVE COexhibit2312312015.htm
EX-32 - EXHIBIT 32 - COLGATE PALMOLIVE COexhibit3212312015.htm
EX-24 - EXHIBIT 24 - COLGATE PALMOLIVE COexhibit2412312015.htm
EX-31.A - EXHIBIT 31-A - COLGATE PALMOLIVE COexhibit31a12312015.htm
EX-31.B - EXHIBIT 31-B - COLGATE PALMOLIVE COexhibit31b12312015.htm


EXHIBIT 12

COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions Except Per Share Amounts)

 
 
 
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
2,763

 
$
3,533

 
$
3,565

 
$
3,874

 
$
3,789

 
Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
216

 
212

 
196

 
157

 
141

 
Less:
 
 
 
 
 
 
 
 
 
 
Income from equity investees
(8
)
 
(7
)
 
(5
)
 
(7
)
 
(6
)
 
Capitalized interest
(6
)
 
(4
)
 
(3
)
 
(1
)
 
(1
)
 
Income as adjusted
$
2,965

 
$
3,734

 
$
3,753

 
$
4,023

 
$
3,923

 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness and amortization
 of debt expense discount or premium
$
133

 
$
130

 
$
116

 
$
80

 
$
58

 
Portion of rents representative of interest factor
77

 
78

 
77

 
76

 
82

 
Capitalized interest
6

 
4

 
3

 
1

 
1

 
Total fixed charges
$
216

 
$
212

 
$
196

 
$
157

 
$
141

 
Ratio of earnings to fixed charges
13.7

 
17.6

 
19.1

 
25.6

 
27.8

 




COLGATE PALMOLIVE CO Reports