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. |