EX-12 6 ex12_093003-10q.txt EXHIBIT 12 Exhibit 12
The Gillette Company Ratio of Earnings to Fixed Charges Six months Six months Dollars in millions ended ended September 30, 2003 September 30, 2002 2002 2001 2000 1999 1998 --------------- --------------- ----- ----- ----- ----- ----- Earnings: Income from continuing operations before income taxes $ 1,452 1,261 1,752 1,342 1,288 1,912 1,656 Interest expense 43 65 84 145 223 136 94 Interest portion of rental expense 33 30 43 31 25 20 17 Amortization of capitalized interest 8 8 10 9 6 5 4 ----- ----- ----- ----- ----- ----- ----- Earnings available for fixed charges $ 1,536 1,364 1,889 1,527 1,542 2,073 1,771 ===== ===== ===== ===== ===== ===== ===== Fixed Charges: Interest expense $ 43 65 84 145 223 136 94 Interest capitalized 1 3 4 11 23 13 18 Iterest portion of rental expense 33 30 43 31 25 20 17 ----- ----- ----- ----- ----- ----- ----- Total fixed charges $ 77 98 131 187 271 169 129 ===== ===== ===== ===== ===== ===== ===== Ratio of Earnings to Fixed Charges 20.0 13.9 14.5 8.2 5.7 12.3 13.7 ===== ===== ===== ===== ===== ===== =====