Published on May 15, 2006
EXHIBIT 12.1
Becton, Dickinson
and Company
Calculation of Ratio of Earnings to Fixed Charges
| Year Ended September 30, | ||||||||||||||||||||
| Six Months Ended March 31, 2006 |
2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||
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| (in millions, except for the Ratio of Earnings to Fixed Charges) | ||||||||||||||||||||
| Earnings: | ||||||||||||||||||||
| Income From Continuing Operations | ||||||||||||||||||||
| Before Income Taxes | $ | 534.4 | $ | 1,004.9 | $ | 752.9 | $ | 722.0 | $ | 627.5 | $ | 535.2 | ||||||||
| Interest Capitalized, Net | 0.8 | 2.7 | 4.4 | 5.7 | (3.0 | ) | (17.1 | ) | ||||||||||||
| Fixed Charges | 54.9 | 92.2 | 77.0 | 71.9 | 75.3 | 106.4 | ||||||||||||||
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| Earnings as Adjusted | $ | 590.1 | $ | 1,099.8 | $ | 834.3 | $ | 799.6 | $ | 699.8 | $ | 624.5 | ||||||||
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| Fixed Charges: | ||||||||||||||||||||
| Interest Cost | $ | 45.0 | $ | 70.4 | $ | 57.0 | $ | 53.8 | $ | 58.2 | $ | 90.2 | ||||||||
| Interest Allocable to Rents | 9.8 | 19.7 | 19.7 | 17.8 | 16.8 | 15.9 | ||||||||||||||
| Amortization of Debt Expense | 0.1 | 2.1 | 0.3 | 0.3 | 0.3 | 0.3 | ||||||||||||||
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| Fixed Charges | $ | 54.9 | $ | 92.2 | $ | 77.0 | $ | 71.9 | $ | 75.3 | $ | 106.4 | ||||||||
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| Ratio of Earnings to Fixed Charges | 10.7 | 11.9 | 10.8 | 11.1 | 9.3 | 5.9 | ||||||||||||||
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