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, 2010 | For the Six Months Ended June 30, 2010 | |||||||||||
Earnings from continuing operations before income taxes | $ | 1,262 | $ | 1,844 | ||||||||
Add / (Deduct): | ||||||||||||
Equity in net earnings of less than 50% owned affiliates | (32 | ) | (58 | ) | ||||||||
Dividends from less than 50% owned affiliates | 7 | 48 | ||||||||||
Fixed charges | 499 | 1,028 | ||||||||||
Interest capitalized, net of amortization | – | 1 | ||||||||||
Earnings available for fixed charges | $ | 1,736 | $ | 2,863 | ||||||||
Fixed charges: | ||||||||||||
Interest incurred: | ||||||||||||
Interest expense | $ | 457 | $ | 945 | ||||||||
Capitalized interest | 1 | 1 | ||||||||||
| 458 | 946 | |||||||||||
Portion of rent expense deemed to represent interest factor | 41 | 82 | ||||||||||
Fixed charges | $ | 499 | $ | 1,028 | ||||||||
Ratio of earnings to fixed charges | 3.5 | 2.8 | ||||||||||