EX-12 10 b41814gcex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 THE GILLETTE COMPANY RATIO OF EARNINGS TO FIXED CHARGES Dollars in millions
2001 2000 1999 1998 1997 ------------ ---------- ----------- ----------- ----------- Earnings: Income from continuing operations before income taxes $ 1,342 1,288 1,912 1,656 2,065 Interest expense 145 223 136 94 78 Interest portion of rental expense 31 25 20 17 16 Amortization of capitalized interest 9 6 5 4 3 ------------ ----------- ----------- ----------- ---------- Earnings available for fixed charges $ 1,527 1,542 2,073 1,771 2,162 ============ =========== =========== =========== ========== Fixed Charges: Interest expense $ 145 223 136 94 78 Interest capitalized 11 23 13 18 10 Interest portion of rental expense 31 25 20 17 16 ------------- ----------- ----------- ----------- ----------- Total fixed charges $ 187 271 169 129 104 ============= =========== =========== =========== =========== RATIO OF EARNINGS TO FIXED CHARGES 8.2 5.7 12.3 13.7 20.8 ============= =========== =========== =========== ===========