Mondelez International (MDLZ) 10-Q 2010 Q3 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 September 30, 2010			For the Nine Months Ended September 30, 2010
Earnings from continuing operations before income taxes	$	1,086		$	2,930
Add / (Deduct):
Equity in net earnings of less than 50% owned affiliates		(26	)		(84	)
Dividends from less than 50% owned affiliates		10			58
Fixed charges		490			1,518
Interest capitalized, net of amortization		–			1
Earnings available for fixed charges	$	1,560		$	4,423
Fixed charges:
Interest incurred:
Interest expense	$	449		$	1,394
Capitalized interest		–			1
		449			1,395
Portion of rent expense deemed to represent interest factor		41			123
Fixed charges	$	490		$	1,518
Ratio of earnings to fixed charges		3.2			2.9