EX-12 4 chd-ex12_7.htm EX-12 chd-ex12_7.htm

EXHIBIT 12

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

Exhibit 12 - Ratio of Earnings to Fixed Charges

 

(Dollars in millions)

Years ended December 31

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

Interest expense and amortization of debt expense and

   premium

$

27.7

 

 

$

30.5

 

 

$

27.4

 

 

$

27.7

 

 

$

14.0

 

Capitalized interest

 

0.3

 

 

 

0.6

 

 

 

0.7

 

 

 

0.4

 

 

 

0.8

 

Interest in rent expense

 

6.2

 

 

 

6.1

 

 

 

6.2

 

 

 

6.9

 

 

 

6.8

 

Total fixed charges

$

34.2

 

 

$

37.2

 

 

$

34.3

 

 

$

35.0

 

 

$

21.6

 

Income before Income Taxes

$

705.9

 

 

$

635.4

 

 

$

624.9

 

 

$

597.8

 

 

$

542.5

 

Plus:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

34.2

 

 

 

37.2

 

 

 

34.3

 

 

 

35.0

 

 

 

21.6

 

Amortization of capitalized interest

 

0.9

 

 

 

0.9

 

 

 

0.9

 

 

 

0.9

 

 

 

0.9

 

Distributed income from equity investment

 

9.0

 

 

 

12.0

 

 

 

12.5

 

 

 

7.7

 

 

 

10.3

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

(0.3

)

 

 

(0.6

)

 

 

(0.7

)

 

 

(0.4

)

 

 

(0.8

)

Equity in (earnings) losses of affiliates

 

(9.2

)

 

 

5.8

 

 

 

(11.6

)

 

 

(2.8

)

 

 

(8.9

)

Earnings as adjusted

$

740.5

 

 

$

690.7

 

 

$

660.3

 

 

$

638.2

 

 

$

565.6

 

Ratio of earnings to fixed charges

 

21.7

 

 

 

18.6

 

 

 

19.3

 

 

 

18.2

 

 

 

26.2