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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 7, 1996
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BECTON, DICKINSON AND COMPANY
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(Exact name of registrant as specified in its charter)
New Jersey 1-4802 22-0760120
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(State or other juris- (Commission (IRS Employer Iden-
diction of incorporation) File Number) tification Number)
1 Becton Drive, Franklin Lakes, New Jersey 07417-1880
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (201) 847-6800
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N/A
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(Former name or former addresses if changed since last report.)
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Item 7. Financial Statements and Exhibits
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The Registrant is filing herewith the exhibit referenced in the Index
of Exhibits annexed hereto and made a part hereof.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BECTON, DICKINSON AND COMPANY
(Registrant)
By: /s/ Raymond P. Ohlmuller
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Raymond P. Ohlmuller
Vice President and Secretary
Date: October 7, 1996
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INDEX TO EXHIBITS
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Exhibit
Number Description of Exhibits
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12 Calculation of Ratio of Earnings to Fixed Charges
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Exhibit 12
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BECTON, DICKINSON AND COMPANY
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(All Amounts in Millions Except for
Ratio of Earnings to Fixed Charges)
<TABLE>
<CAPTION>
(Unaudited) Year Ended September 30,
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Nine
Months
Ended
June 30,
Earnings: 1996 1995 1994 1993 1992 1991
------- ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C>
Income Before Income Taxes and
Cumulative Effect of Accounting
Changes............................. $272.9 $349.6 $296.2 $222.9 $269.5 $267.3
Undistributed (Earnings)/Losses of
Less Than 50%-Owned Companies
Carried at Equity................... - - - 0.2 (1.2) (6.7)
Net Capitalized Interest............. 3.6 7.2 5.7 3.3 (10.9) (11.6)
Fixed Charges........................ 57.4 80.5 84.0 90.9 96.0 97.9
------ ------ ------ ------ ------ ------
Earnings as Adjusted................ $333.9 $437.3 $385.9 $317.3 $353.4 $346.9
====== ====== ====== ====== ====== ======
Fixed Charges:
Interest Cost (1)................... $ 44.8 $ 64.7 $ 68.4 $ 74.9 $ 81.8 $ 84.4
Interest Allocable to Rents (2)..... 11.5 15.3 15.0 15.5 13.7 13.1
Amortization of Debt Expense........ 1.1 0.5 0.6 0.5 0.5 0.4
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Fixed Charges....................... $ 57.4 $ 80.5 $ 84.0 $ 90.9 $ 96.0 $ 97.9
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Ratio of Earnings to Fixed Charges 5.82 5.43 4.59 3.49 3.68 3.54
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</TABLE>
(1) Includes interest expense and interest capitalized in accordance with FASB
Statement No. 34.
(2) Represents an appropriate portion of rental expense.
