EX-12 8 b42685gcex12.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 1996 -------- -------- -------- -------- -------- ----- Earnings: Income from continuing operations before income taxes $1,342 1,288 1,912 1,656 2,065 1,403 Interest expense 145 223 136 94 78 77 Interest portion of rental expense 31 25 20 17 16 17 Amortization of capitalized interest 9 6 5 4 3 2 -------- -------- -------- -------- -------- ----- Earnings available for fixed charges $1,527 1,542 2,073 1,771 2,162 1,499 ======== ======== ======== ======== ======== ===== Fixed Charges: Interest expense $ 145 223 136 94 78 77 Interest capitalized 11 23 13 18 10 -- Interest portion of rental expense 31 25 20 17 16 17 -------- -------- -------- -------- -------- ----- Total fixed charges $ 187 271 169 129 104 94 ======== ======== ======== ======== ======== ===== RATIO OF EARNINGS TO FIXED CHARGES 8.2 5.7 12.3 13.7 20.8 15.9 ======== ======== ======== ======== ======== =====