Mondelez International (MDLZ) 10-Q 2006 Q3 Quarterly report

EXHIBIT 12

KRAFT FOODS INC. AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)

	Nine Months Ended			Three Months Ended
	September 30, 2006			September 30, 2006
Earnings from continuing operations before income taxes and minority interest	$	3,175		$	1,223
Add (Deduct):
Equity in net earnings of less than 50% owned affiliates	(48		)	(18		)
Dividends from less than 50% owned affiliates	50			2
Fixed charges	551			178
Interest capitalized, net of amortization	(3		)
Earnings available for fixed charges	$	3,725		$	1,385
Fixed charges:
Interest incurred:
Interest expense	$	437		$	141
Capitalized interest	5			1
	442			142
Portion of rent expense deemed to represent interest factor	109			36
Fixed charges	$	551		$	178
Ratio of earnings to fixed charges	6.8			7.8

EXHIBIT 12

KRAFT FOODS INC. AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)

	Years Ended December 31,
	2005			2004			2003			2002			2001
Earnings from continuing operations before income taxes and minority interest	$	4,116		$	3,946		$	5,195		$	5,114		$	3,280
Add (Deduct):
Equity in net earnings of less than 50% owned affiliates	(67		)	(7		)	(53		)	(51		)	(41		)
Dividends from less than 50% owned affiliates	55			46			41			28			21
Fixed charges	799			828			831			1,003			1,581
Interest capitalized, net of amortization	(1		)	(1		)	(1		)	(1		)	(3		)
Earnings available for fixed charges	$	4,902		$	4,812		$	6,013		$	6,093		$	4,838
Fixed charges:
Interest incurred:
Interest expense	$	651		$	677		$	678		$	854		$	1,452
Capitalized interest	3			2			3			4			5
	654			679			681			858			1,457
Portion of rent expense deemed to represent interest factor	145			149			150			145			124
Fixed charges	$	799		$	828		$	831		$	1,003		$	1,581
Ratio of earnings to fixed charges	6.1			5.8			7.2			6.1			3.1