EX-12.1 4 d412472dex121.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 June 30, 2017 |  |  | For the Six Months Ended June 30, 2017 |
Earnings from continuing operations before income taxes |  | $ | 517 |  |  | $ | 1,238 |
Add/(Deduct): |  |  |  |  |  |  |  |
Distributed income from less than 50% owned affiliates |  |  | 10 |  |  |  | 132 |
Fixed charges |  |  | 153 |  |  |  | 293 |
Interest capitalized, net of amortization |  |  | (2 | ) |  |  | (3 | )
Earnings available for fixed charges |  | $ | 678 |  |  | $ | 1,660 |
Fixed charges: |  |  |  |  |  |  |  |
Interest incurred: |  |  |  |  |  |  |  |
Interest expense (1) |  | $ | 124 |  |  | $ | 236 |
Capitalized interest |  |  | 2 |  |  |  | 3 |
|  |  | 126 |  |  |  | 239 |
Portion of rent expense deemed to represent interest factor |  |  | 27 |  |  |  | 54 |
Fixed charges |  | $ | 153 |  |  | $ | 293 |
Ratio of earnings to fixed charges |  |  | 4.4 |  |  |  | 5.7 |

Notes:

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