Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - PROCTER & GAMBLE Co | Financial_Report.xls |
| 10-K - 10-K - PROCTER & GAMBLE Co | fy201410kannualreport.htm |
| EX-32.0 - SECTION 1350 CERTIFICATIONS - PROCTER & GAMBLE Co | fy2014exhibit32.htm |
| EX-31.0 - RULE 13A-14(A)/15D-14(A) CERTIFICATIONS - PROCTER & GAMBLE Co | fy2014exhibit31.htm |
| EX-99.1 - SUMMARY OF DIRECTORS AND OFFICERS INSURANCE PROGRAM - PROCTER & GAMBLE Co | fy2014exhibit99-1.htm |
| EX-23.0 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - PROCTER & GAMBLE Co | fy2014exhibit23.htm |
| EX-21.0 - SUBSIDIARIES OF REGISTRANT - PROCTER & GAMBLE Co | fy2014exhibit21.htm |
EXHIBIT (12)
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Amounts in millions
Years ended June 30 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||
EARNINGS, AS DEFINED | ||||||||||||||||||
Earnings from operations before income taxes after eliminating undistributed earnings of equity method investees | 14,869 | $ | 14,783 | $ | 12,535 | $ | 14,759 | $ | 14,452 | |||||||||
Fixed charges (excluding capitalized interest) | 928 | 899 | 1,000 | 1,052 | 1,167 | |||||||||||||
TOTAL EARNINGS, AS DEFINED | 15,797 | 15,682 | 13,535 | 15,811 | 15,619 | |||||||||||||
FIXED CHARGES, AS DEFINED | ||||||||||||||||||
Interest expense (including capitalized interest) | 789 | $ | 754 | $ | 844 | $ | 888 | $ | 1,014 | |||||||||
1/3 of rental expense | 174 | 171 | 176 | 170 | 176 | |||||||||||||
TOTAL FIXED CHARGES, AS DEFINED | 963 | 925 | 1,020 | 1,058 | 1,190 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 16.4x | 17x | 13.3x | 14.9x | 13.1x | |||||||||||||