EX-12.1 2 d252200dex121.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 Nine |
|  | Months Ended |  |  | Months Ended |
|  | September 30, 2016 |  |  | September 30, 2016 |
Earnings from continuing operations before income taxes |  | $ | 557 |  |  | $ | 1,522 |
Add / (Deduct): |  |  |  |  |  |  |  |
Distributed income from less than 50% owned affiliates |  |  | 9 |  |  |  | 75 |
Fixed charges |  |  | 169 |  |  |  | 551 |
Interest capitalized, net of amortization |  |  | (2 | ) |  |  | (5 | )
Earnings available for fixed charges |  | $ | 733 |  |  | $ | 2,143 |
Fixed charges: |  |  |  |  |  |  |  |
Interest incurred: |  |  |  |  |  |  |  |
Interest expense |  | $ | 141 |  |  | $ | 468 |
Capitalized interest |  |  | 2 |  |  |  | 5 |
|  |  | 143 |  |  |  | 473 |
Portion of rent expense deemed to represent interest factor |  |  | 26 |  |  |  | 78 |
Fixed charges |  | $ | 169 |  |  | $ | 551 |
Ratio of earnings to fixed charges |  |  | 4.3 |  |  |  | 3.9 |