Form: S-3ASR

Automatic shelf registration statement of securities of well-known seasoned issuers

May 8, 2009

Exhibit 12.1
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)
                                                         
    Six Months        
    Ended March 31,     Year Ended September 30,  
    2009     2008     2008     2007     2006     2005     2004  
Earnings:
                                                       
Income From Continuing Operations Before Income Taxes
  $ 779.6     $ 748.9     $ 1,553.6     $ 1,203.9     $ 1,125.9     $ 1,037.5     $ 752.9  
Interest Capitalized, Net (1)
    (3.0 )     (5.0 )     (9.9 )     (8.2 )     (1.5 )     2.7       4.4  
Fixed Charges
    40.4       45.2       89.7       96.7       107.3       92.2       77.0  
 
                                         
Earnings as Adjusted
  $ 817.0     $ 789.1     $ 1,633.4     $ 1,292.4     $ 1,231.7     $ 1,132.4     $ 834.3  
 
                                         
 
                                                       
Fixed Charges:
                                                       
Interest Cost
  $ 28.6     $ 33.4     $ 66.2     $ 73.9     $ 86.0     $ 70.4     $ 57.0  
Interest Allocable to Rental Expenses (2)
    11.7       11.7       23.4       22.7       21.1       19.7       19.7  
Amortization of Debt Expense
    0.1       0.1       0.1       0.1       0.2       2.1       0.3  
 
                                         
Fixed Charges
  $ 40.4     $ 45.2     $ 89.7     $ 96.7     $ 107.3     $ 92.2     $ 77.0  
 
                                         
 
                                                       
Ratio of Earnings to Fixed Charges
    20.2       17.5       18.2       13.4       11.5       12.3       10.8  
 
                                         
 
(1)   Includes amortization of capitalized interest less interest capitalized for the period.
 
(2)   Portion of rent expense representing interest.