EX-12.1 6 d346910dex121.htm EX-12.1

EXHIBIT 12.1

Mondelēz International, Inc. and Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars, except ratio)

|  | For the Three |
|  | Months Ended |
|  | March 31, 2017 |
Earnings from continuing operations before income taxes |  | $ | 721 |
Add/(Deduct): |  |  |  |
Distributed income from less than 50% owned affiliates |  |  | 122 |
Fixed charges |  |  | 140 |
Interest capitalized, net of amortization |  |  | (1 | )
Earnings available for fixed charges |  | $ | 982 |
Fixed charges: |  |  |  |
Interest incurred: |  |  |  |
Interest expense (1) |  | $ | 112 |
Capitalized interest |  |  | 1 |
|  |  | 113 |
Portion of rent expense deemed to represent interest factor |  |  | 27 |
Fixed charges |  | $ | 140 |
Ratio of earnings to fixed charges |  |  | 7.0 |

Notes:

| (1) | Excludes interest related to uncertain tax positions, which is recorded in our tax provision.