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account, acquiring, add, adjust, anticipate, arise, began, behavior, classify, CP, defer, deferred, degree, dependent, deposit, detergent, dish, equipment, extend, extent, forfeiture, grant, immaterial, indefinitely, influence, investee, investor, Joint, laundry, LIFO, longer, media, negative, ownership, plant, predict, principal, produce, prospectively, realizable, regime, regularly, reinvested, reinvestment, remitted, repatriated, repay, replacing, restated, retire, retroactively, Russia, subsequently, substantial, tight, unrealized, Venezuelan, withholding
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EXHIBIT 12
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
(Unaudited)
Three Months Ended March 31, 2018 | |||
Earnings: | |||
Income before income taxes | $ | 924 | |
Add: | |||
Fixed charges | 65 | ||
Less: | |||
Income from equity investees | (3 | ) | |
Capitalized interest | — | ||
Income as adjusted | $ | 986 | |
Fixed Charges: | |||
Interest on indebtedness and amortization of debt expense and discount or premium | $ | 47 | |
Rents of one-third representative of interest factor | 18 | ||
Capitalized interest | — | ||
Total fixed charges | $ | 65 | |
Ratio of earnings to fixed charges | 15.2 |