EX-12 5 ex12_093002-10q.txt EXHIBIT 12 EXHIBIT 12 THE GILLETTE COMPANY AND SUBSIDIARY COMPANIES RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Nine Months Ended Ended Year Ended December 31, (Millions) Sept. 30, Sept. 30, ---------------------------------------- 2002 2001 2001 2000 1999 1998 1997 ---------- ---------- ---- ---- ---- ---- ---- Earnings: Income from continuing operations before income taxes $1,261 1,029 1,342 1,288 1,912 1,656 2,065 Interest expense 65 119 145 223 136 94 78 Interest portion of rental expense 30 19 31 25 20 17 16 Amortization of capitalized interest 8 7 9 6 5 4 3 ------ ------ ----- ----- ----- ----- ----- Earnings available for fixed charges $1,364 1,174 1,527 1,542 2,073 1,771 2,162 ====== ====== ===== ===== ===== ===== ===== Fixed Charges: Interest expense $ 65 119 145 223 136 94 78 Interest capitalized 3 9 11 23 13 18 10 Interest portion of rental expense 30 19 31 25 20 17 16 ------ ------ ----- ----- ----- ----- ----- Total fixed charges $ 98 147 187 271 169 129 104 ====== ====== ===== ===== ===== ===== ===== Ratio of Earnings to Fixed Charges 13.9 8.0 8.2 5.7 12.3 13.7 20.8 ====== ====== ===== ===== ===== ===== =====