EX-12 4 b42710a1exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 THE GILLETTE COMPANY RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions) Three Months Ended March 31, Fiscal Year Ended December 31, ------------ ---------------------------------------- 2002 2001 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- ---- ---- Earnings: Income from continuing operations before income taxes $ 323 264 1,342 1,288 1,912 1,656 2,065 Interest expense 20 45 145 223 136 94 78 Interest portion of rental expense 10 8 31 25 20 17 16 Amortization or capitalized interest 3 2 9 6 5 4 3 ------ --- ----- ----- ----- ----- ----- Earnings available for fixed charges $ 356 319 1,527 1,542 2,073 1,771 2,162 ====== === ===== ===== ===== ===== ===== Fixed Charges: Interest expense $ 20 45 145 223 136 94 78 Interest capitalized 1 4 11 23 13 18 10 Interest portion of rental expense 10 7 31 25 20 17 16 ------ --- ----- ----- ----- ----- ----- Total fixed charges $ 31 56 187 271 169 129 104 ====== === ===== ===== ===== ===== ===== Ratio of Earnings to Fixed Charges 11.5 5.7 8.2 5.7 12.3 13.7 20.8 ====== === ===== ===== ===== ===== =====