EX-12 4 exhibit1212312016.htm EXHIBIT 12 Exhibit


EXHIBIT 12

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

(Dollars in Millions Except Per Share Amounts)

 
 
 
 
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes
$
3,738

 
$
2,763

 
$
3,533

 
$
3,565

 
$
3,874

Add:
 
 
 
 
 
 
 
 
 
Fixed charges
229

 
216

 
212

 
196

 
157

Less:
 
 
 
 
 
 
 
 
 
Income from equity investees
(10
)
 
(8
)
 
(7
)
 
(5
)
 
(7
)
Capitalized interest
(6
)
 
(6
)
 
(4
)
 
(3
)
 
(1
)
Income as adjusted
$
3,951

 
$
2,965

 
$
3,734

 
$
3,753

 
$
4,023

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest on indebtedness and amortization
 of debt expense discount or premium
$
149

 
$
133

 
$
130

 
$
116

 
$
80

Rents of one-third representative of interest factor
74

 
77

 
78

 
77

 
76

Capitalized interest
6

 
6

 
4

 
3

 
1

Total fixed charges
$
229

 
$
216

 
$
212

 
$
196

 
$
157

Ratio of earnings to fixed charges
17.3

 
13.7

 
17.6

 
19.1

 
25.6