EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

PREFERRED DIVIDENDS

(Dollars in Millions)

(Unaudited)

	Six Months Ended June 30, 2007
Earnings:
Income before income taxes	$	1,225.6
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		88.1
Portion of rents representative of interest factor		23.8
Less:
Gain on equity investments		(1.7	)
Income as adjusted	$	1,335.8
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium		88.1
Portion of rents representative of interest factor		23.8
Capitalized interest		4.0
Total fixed charges	$	115.9
Preferred Dividends:
Dividends on Preference Stock	$	17.3
Ratio of earnings to fixed charges		11.5
Ratio of earnings to fixed charges and preferred dividends		10.0