EX-12.1 7 a63018ex121.htm EXHIBIT 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, 2018 |  | For the Six Months Ended June 30, 2018
Earnings from continuing operations before income taxes |  | $ | 248 |  |  | $ | 1,405 |
Add/(Deduct): |  |  |  |
Distributed income from less than 50% owned affiliates |  | 8 |  |  | 151 |
Fixed charges |  | 155 |  |  | 290 |
Interest capitalized, net of amortization |  | — |  |  | (1 | )
Earnings available for fixed charges |  | $ | 411 |  |  | $ | 1,845 |
Fixed charges: |  |  |  |
Interest incurred: |  |  |  |
Interest expense (1) |  | $ | 131 |  |  | $ | 242 |
Capitalized interest |  | — |  |  | 1 |
|  | 131 |  |  | 243 |
Portion of rent expense deemed to represent interest factor |  | 24 |  |  | 47 |
Fixed charges |  | $ | 155 |  |  | $ | 290 |
Ratio of earnings to fixed charges |  | 2.7 |  |  | 6.4 |

Notes:

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