|
|
|
|
|
|
|
|
|
|
Previous: PROCTER & GAMBLE CO, 10-Q, EX-11, 2000-11-02 |
Next: PROCTER & GAMBLE CO, 10-Q, EX-27, 2000-11-02 |
EXHIBIT (12)
<TABLE>
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
---------------------------------------------
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
-------------------------------------------------
Millions of Dollars
<CAPTION>
Three Months Ended
Years Ended June 30 September 30
---------------------------------------------------- ------------------
1996 1997 1998 1999 2000 1999 2000
------ ------ ------ ------ ------ ------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
EARNINGS AS DEFINED
-------------------
Earnings from operations before income taxes
after eliminating undistributed earnings
of equity method investees $ 4,695 $ 5,274 $ 5,704 $ 5,866 $ 5,474 $ 1,763 $ 1,690
Fixed charges, excluding capitalized interest 576 534 639 751 811 204 202
------- ------- ------- ------- ------- ------- -------
TOTAL EARNINGS, AS DEFINED $ 5,271 $ 5,808 $ 6,343 $ 6,617 $ 6,285 $ 1,967 $ 1,892
======= ======= ======= ======= ======= ======= =======
FIXED CHARGES, AS DEFINED
-------------------------
Interest expense including capitalized interest $ 493 $ 457 $ 548 $ 650 $ 792 $ 147 $ 187
1/3 of rental expense 92 77 91 101 89 26 23
------- ------- ------- ------- ------- ------- -------
TOTAL FIXED CHARGES AS DEFINED $ 585 $ 534 $ 639 $ 751 $ 881 $ 173 $ 210
======= ======= ======= ======= ======= ======= =======
RATIO OF EARNINGS TO FIXED CHARGES 9.0 10.9 9.9 8.8 7.1 11.4 9.0
</TABLE>
|
|