EX-12 2 b54921gcexv12.txt COMPUTATION OF RATIO OF EARNINGS . . . EXHIBIT 12 THE GILLETTE COMPANY RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS THREE MONTHS ENDED ENDED Dollars in millions MARCH 31, 2005 MARCH 31, 2004 2004 2003 2002 2001 2000 -------------------------------------------------------------- -------------- -------------- ----- ----- ----- ----- ----- EARNINGS: Income from continuing operations before income taxes $ 625 530 2,384 1,964 1,752 1,342 1,288 Interest expense 17 12 54 54 84 145 223 Interest portion of rental expense 9 10 36 41 43 31 25 Amortization of capitalized interest 3 2 9 10 10 9 6 ----- ---- ----- ----- ----- ----- ----- Earnings available for fixed charges $ 654 554 2,483 2,069 1,889 1,527 1,542 ===== ==== ===== ===== ===== ===== ===== FIXED CHARGES: Interest expense $ 17 12 54 54 84 145 223 Interest capitalized 1 1 4 2 4 11 23 Interest portion of rental expense 9 10 36 41 43 31 25 ----- ---- ----- ----- ----- ----- ----- Total fixed charges $ 27 23 94 97 131 187 271 ===== ==== ===== ===== ===== ===== ===== Ratio of Earnings to Fixed Charges 24.2 24.1 26.4 21.4 14.5 8.2 5.7 ===== ==== ===== ===== ===== ===== =====