EX-12.1 6 d940616dex121.htm EX-12.1

EXHIBIT 12.1

Mondelēz International, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions of U.S. dollars, except ratio)

|  | For the Three Months Ended June 30, 2015 |  |  | For the Six Months Ended June 30, 2015 |
Earnings before income taxes |  | $ | 527 |  |  | $ | 952 |
Add / (Deduct): |  |  |  |  |  |  |  |
Equity in net earnings of less than 50% owned affiliates |  |  | (30 | ) |  |  | (56 | )
Dividends from less than 50% owned affiliates |  |  | 3 |  |  |  | 58 |
Fixed charges |  |  | 204 |  |  |  | 441 |
Interest capitalized, net of amortization |  |  | (1 | ) |  |  | (3 | )
Earnings available for fixed charges |  | $ | 703 |  |  | $ | 1,392 |
Fixed charges: |  |  |  |  |  |  |  |
Interest incurred: |  |  |  |  |  |  |  |
Interest expense |  | $ | 177 |  |  | $ | 386 |
Capitalized interest |  |  | 1 |  |  |  | 3 |
|  |  | 178 |  |  |  | 389 |
Portion of rent expense deemed to represent interest factor |  |  | 26 |  |  |  | 52 |
Fixed charges |  | $ | 204 |  |  | $ | 441 |
Ratio of earnings to fixed charges |  |  | 3.4 |  |  |  | 3.2 |