Attached files
| file | filename |
|---|---|
| EX-4.1 - FORM OF FOURTH SUPPLEMENTAL INDENTURE, TO BE DATED AS OF SEPTEMBER 13, 2012 - CLOROX CO /DE/ | exhibit4-1.htm |
| EX-5.1 - OPINION OF MORGAN, LEWIS & BOCKIUS LLP - CLOROX CO /DE/ | exhibit5-1.htm |
| EX-1.1 - UNDERWRITING AGREEMENT DATED AS OF SEPTEMBER 10, 2012 - CLOROX CO /DE/ | exhibit1-1.htm |
| 8-K - CURRENT REPORT - CLOROX CO /DE/ | clorox_8k.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth Clorox's ratio of earnings to fixed charges for the periods indicated:
| Year Ended June 30 | |||||||||||||||||||
| (In millions, except ratios, which are rounded) | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||
| Earnings from continuing operations before income taxes | $ | 791 | $ | 563 | $ | 805 | $ | 709 | $ | 571 | |||||||||
| Deductions: | |||||||||||||||||||
| Income from equity investees | (14 | ) | (12 | ) | (12 | ) | (9 | ) | (9 | ) | |||||||||
| Additions: | |||||||||||||||||||
| Amortization of capitalized interest | - | - | 1 | 1 | 1 | ||||||||||||||
| Distributed income from equity investees | 11 | 10 | 9 | 10 | 7 | ||||||||||||||
| Total fixed charges | 135 | 131 | 145 | 166 | 173 | ||||||||||||||
| Earnings available to cover fixed charges | $ | 923 | $ | 692 | $ | 948 | $ | 877 | $ | 743 | |||||||||
| Fixed charges: | |||||||||||||||||||
| Interest expense | $ | 125 | $ | 123 | $ | 139 | $ | 161 | $ | 168 | |||||||||
| Amortization of debt issuance costs | 5 | 3 | 1 | - | - | ||||||||||||||
| Estimated portion of rental expense attributable to interest | 5 | 5 | 5 | 5 | 5 | ||||||||||||||
| Total fixed charges | $ | 135 | $ | 131 | $ | 145 | $ | 166 | $ | 173 | |||||||||
| Ratio of earnings to fixed charges | 7 | 5 | 7 | 5 | 4 | ||||||||||||||