EX-12.1 2 d395636dex121.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 |  |  | For the Six |
|  | Months Ended |  |  | Months Ended |
|  | June 30, 2016 |  |  | June 30, 2016 |
Earnings from continuing operations before income taxes |  | $ | 487 |  |  | $ | 965 |
Add / (Deduct): |  |  |  |  |  |  |  |
Dividends from less than 50% owned affiliates |  |  | 4 |  |  |  | 58 |
Fixed charges |  |  | 188 |  |  |  | 383 |
Interest capitalized, net of amortization |  |  | (2 | ) |  |  | (3 | )
Earnings available for fixed charges |  | $ | 677 |  |  | $ | 1,403 |
Fixed charges: |  |  |  |  |  |  |  |
Interest incurred: |  |  |  |  |  |  |  |
Interest expense |  | $ | 160 |  |  | $ | 327 |
Capitalized interest |  |  | 2 |  |  |  | 3 |
|  |  | 162 |  |  |  | 330 |
Portion of rent expense deemed to represent interest factor |  |  | 26 |  |  |  | 53 |
Fixed charges |  | $ | 188 |  |  | $ | 383 |
Ratio of earnings to fixed charges |  |  | 3.6 |  |  |  | 3.7 |