EX-12.1 2 d94335dex121.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 September 30, 2015 |  |  | For the Nine Months Ended September 30, 2015 |
Earnings before income taxes |  | $ | 7,688 |  |  | $ | 8,640 |
Add / (Deduct): |  |  |  |  |  |  |  |
Equity in net earnings of less than 50% owned affiliates |  |  | 72 |  |  |  | 16 |
Dividends from less than 50% owned affiliates |  |  | – |  |  |  | 58 |
Fixed charges |  |  | 190 |  |  |  | 630 |
Interest capitalized, net of amortization |  |  | (3 | ) |  |  | (6 | )
Earnings available for fixed charges |  | $ | 7,947 |  |  | $ | 9,338 |
Fixed charges: |  |  |  |  |  |  |  |
Interest incurred: |  |  |  |  |  |  |  |
Interest expense |  | $ | 161 |  |  | $ | 547 |
Capitalized interest |  |  | 3 |  |  |  | 6 |
|  |  | 164 |  |  |  | 553 |
Portion of rent expense deemed to represent interest factor |  |  | 26 |  |  |  | 77 |
Fixed charges |  | $ | 190 |  |  | $ | 630 |
Ratio of earnings to fixed charges |  |  | 41.8 |  |  |  | 14.8 |