EX-12.1 7 a63018ex121.htm EXHIBIT 12.1 Exhibit


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.