Attached files
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
EXHIBIT 12.1 - Ratio of Earnings to Fixed Charges
| (Dollars in millions) | 6 Months ended | Years ended December 31 | ||||||||||||||||||||||
| June 30, 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
| Interest expense and amortization of debt expense and premium |
$ | 5.1 | $ | 8.7 | $ | 27.8 | $ | 35.6 | $ | 47.0 | $ | 58.9 | ||||||||||||
| Capitalized interest |
0.6 | 1.9 | 1.0 | 2.3 | 0.7 | 0.8 | ||||||||||||||||||
| Interest in rent expense |
4.0 | 6.0 | 5.9 | 6.8 | 7.3 | 5.6 | ||||||||||||||||||
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| Total fixed charges |
$ | 9.7 | $ | 16.6 | $ | 34.7 | $ | 44.7 | $ | 55.0 | $ | 65.3 | ||||||||||||
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| Income before Income Taxes |
$ | 266.3 | $ | 494.6 | $ | 418.2 | $ | 392.2 | $ | 308.3 | $ | 264.9 | ||||||||||||
| Plus: |
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| Fixed Charges |
9.7 | 16.6 | 34.7 | 44.7 | 55.0 | 65.3 | ||||||||||||||||||
| Amortization of capitalized interest |
0.4 | 0.8 | 0.7 | 0.6 | 0.4 | 0.4 | ||||||||||||||||||
| Distributed income from equity investment |
6.3 | 10.5 | 8.7 | 9.3 | 11.0 | 7.1 | ||||||||||||||||||
| Less: |
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| Capitalized interest |
(0.6 | ) | (1.9 | ) | (1.0 | ) | (2.3 | ) | (0.7 | ) | (0.8 | ) | ||||||||||||
| Equity in earnings from affiliates |
(4.9 | ) | (10.0 | ) | (5.0 | ) | (12.1 | ) | (11.3 | ) | (8.2 | ) | ||||||||||||
| Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||||||||||
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| Earnings as adjusted |
$ | 277.2 | $ | 510.6 | $ | 456.3 | $ | 432.4 | $ | 362.7 | $ | 328.7 | ||||||||||||
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| Ratio of earnings to fixed charges |
28.7 | 30.8 | 13.1 | 9.7 | 6.6 | 5.0 | ||||||||||||||||||