STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Published on August 3, 2012
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, | |||||||||||||||||||||||||||
| 2012 | 2011 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
| Earnings: |
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| Income From Continuing Operations Before Income Taxes |
$ | 736.9 | $ | 836.6 | $ | 1,716.3 | $ | 1,661.2 | $ | 1,578.6 | $ | 1,489.7 | $ | 1,151.7 | ||||||||||||||
| Interest Capitalized, Net (1) |
(6.9 | ) | (8.8 | ) | (18.6 | ) | (17.5 | ) | (9.8 | ) | (9.9 | ) | (8.2 | ) | ||||||||||||||
| Fixed Charges |
94.3 | 69.5 | 145.4 | 109.5 | 91.3 | 89.0 | 96.0 | |||||||||||||||||||||
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| Earnings as Adjusted |
$ | 824.3 | $ | 897.3 | $ | 1,843.1 | $ | 1,753.2 | $ | 1,660.1 | $ | 1,568.8 | $ | 1,239.5 | ||||||||||||||
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| Fixed Charges: |
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| Interest Cost |
$ | 82.5 | $ | 57.7 | $ | 121.9 | $ | 87.7 | $ | 69.7 | $ | 66.2 | $ | 73.9 | ||||||||||||||
| Interest Allocable to Rental Expenses (2) |
11.7 | 11.7 | 23.4 | 21.7 | 21.5 | 22.7 | 22.0 | |||||||||||||||||||||
| Amortization of Debt Expense |
0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |||||||||||||||||||||
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| Fixed Charges |
$ | 94.3 | $ | 69.5 | $ | 145.4 | $ | 109.5 | $ | 91.3 | $ | 89.0 | $ | 96.0 | ||||||||||||||
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| Ratio of Earnings to Fixed Charges |
8.7 | 12.9 | 12.7 | 16.0 | 18.2 | 17.6 | 12.9 | |||||||||||||||||||||
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| (1) | Includes amortization of capitalized interest less interest capitalized for the period. |
| (2) | Portion of rent expense representing interest. |