Mondelez International (MDLZ) 10-Q 2008 Q2 Quarterly report

EXHIBIT 12

KRAFT FOODS INC. AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

	For the Three Months Ended June 30, 2008			For the Six Months Ended June 30, 2008
Earnings before income taxes	$	1,179		$	2,039
Add / (Deduct):
Equity in net earnings of less than 50% owned affiliates		(20	)		(48	)
Dividends from less than 50% owned affiliates		48			49
Fixed charges		379			732
Interest capitalized, net of amortization		(2	)		(1	)
Earnings available for fixed charges	$	1,584		$	2,771
Fixed charges:
Interest incurred:
Interest expense	$	339		$	653
Capitalized interest		2			3
		341			656
Portion of rent expense deemed to represent interest factor		38			76
Fixed charges	$	379		$	732
Ratio of earnings to fixed charges		4.2			3.8