EXHIBIT 12 Becton, Dickinson and Company Calculation of Ratio of Earnings to Fixed Charges (All Amounts in Millions except for the Ratio of Earnings to Fixed Charges) (Unaudited) ------------- Three Months Ended Dec 31, Year Ended September 30, -------------------------------------------------------------------- 2002 2002 2001 2000 1999 1998 ------------- ----------- ----------- ----------- ----------- ---------- Earnings: Income Before Income Taxes and Cumulative Effect of Change in Accounting Principle $149.0 $628.6 $576.8 $519.9 $372.7 $340.9 Undistributed (Earnings)/Losses of Less Than 50%-Owned Companies Carried at Equity - - - - - - Net Capitalized Interest 1.2 (3.0) (17.1) (15.7) (6.4) 2.0 Fixed Charges 14.6 65.1 98.5 122.3 102.0 84.3 --------------- ----------- ----------- ----------- ----------- ---------- Earnings as Adjusted $164.8 $690.7 $658.2 $626.5 $468.3 $427.2 =============== =========== =========== =========== =========== ========== Fixed Charges: Interest Cost (1) $12.9 $58.2 $90.2 $111.5 $91.4 $75.6 Interest Allocable to Rents (2) 1.6 6.6 7.9 10.4 10.1 8.1 Amortization of Debt Expense 0.1 0.3 0.4 0.4 0.5 0.6 --------------- ----------- ----------- ------------ ----------- ---------- Fixed Charges $14.6 $65.1 $98.5 $122.3 $102.0 $84.3 =============== =========== =========== ============ =========== ========== Ratio of Earnings to Fixed Charges 11.29 10.61 6.68 5.12 4.59 5.07 =============== =========== =========== ============ =========== ==========
(1) Includes interest expense and interest capitalized in accordance with FASB Statement No. 34. (2) Represents an appropriate portion of rental expense.