EX-12.1 3 ex121.htm STATEMENT RE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Ex 12.1


Exhibit 12.1

AVON PRODUCTS, INC.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)

 
Years Ended December 31,
 
2011
 
2010
 
2009
 
2008
 
2007
Income from continuing operations before taxes and noncontrolling interest
$
742.6

 
$
945.4

 
$
913.7

 
$
1,223.0

 
$
797.7

Fixed charges
$
136.0

 
$
134.0

 
$
151.7

 
$
147.8

 
$
154.3

Amortization of capitalized interest
$
0.9

 
$
0.7

 
$
0.6

 
$
0.5

 
$
2.6

Capitalized interest
$
(0.4
)
 
$
(5.3
)
 
$
(4.9
)
 
$
(4.9
)
 
$
—

Earnings before income taxes, plus fixed charges and amortization of capitalized interest less capitalized interest
$
879.1

 
$
1,074.8

 
$
1,061.1

 
$
1,366.4

 
$
954.6

Ratio of earnings to fixed charges
6.5

 
8.0

 
7.0

 
9.2

 
6.2