EX-12.1 2 d456152dex121.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 September 30, 2017 |  |  | For the Nine Months Ended September 30, 2017 |
Earnings from continuing operations before income taxes |  | $ | 1,162 |  |  | $ | 2,400 |
Add/(Deduct): |  |  |  |  |  |  |  |
Distributed income from less than 50% owned affiliates |  |  | 11 |  |  |  | 143 |
Fixed charges |  |  | 62 |  |  |  | 355 |
Interest capitalized, net of amortization |  |  | (1 | ) |  |  | (4 | )
Earnings available for fixed charges |  | $ | 1,234 |  |  | $ | 2,894 |
Fixed charges: |  |  |  |  |  |  |  |
Interest incurred: |  |  |  |  |  |  |  |
Interest expense (1) |  | $ | 35 |  |  | $ | 271 |
Capitalized interest |  |  | 1 |  |  |  | 4 |
|  |  | 36 |  |  |  | 275 |
Portion of rent expense deemed to represent interest factor |  |  | 26 |  |  |  | 80 |
Fixed charges |  | $ | 62 |  |  | $ | 355 |
Ratio of earnings to fixed charges |  |  | 19.9 |  |  |  | 8.2 |

Notes:

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