EX-12 2 d780145dex12.htm EX-12

EXHIBIT 12

Mondelēz International, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions of dollars, except ratio)

|  | For the Three Months Ended September 30, 2014 |  |  | For the Nine Months Ended September 30, 2014 |
Earnings before income taxes |  | $ | 1,080 |  |  | $ | 1,936 |
Add / (Deduct): |  |  |  |  |  |  |  |
Equity in net earnings of less than 50% owned affiliates |  |  | (23 | ) |  |  | (83 | )
Dividends from less than 50% owned affiliates |  |  | – |  |  |  | 60 |
Fixed charges |  |  | 232 |  |  |  | 730 |
Interest capitalized, net of amortization |  |  | – |  |  |  | (1 | )
Earnings available for fixed charges |  | $ | 1,289 |  |  | $ | 2,642 |
Fixed charges: |  |  |  |  |  |  |  |
Interest incurred: |  |  |  |  |  |  |  |
Interest expense |  | $ | 212 |  |  | $ | 669 |
Capitalized interest |  |  | – |  |  |  | 1 |
|  |  | 212 |  |  |  | 670 |
Portion of rent expense deemed to represent interest factor |  |  | 20 |  |  |  | 60 |
Fixed charges |  | $ | 232 |  |  | $ | 730 |
Ratio of earnings to fixed charges |  |  | 5.6 |  |  |  | 3.6 |