Mondelez International (MDLZ) 10-Q 2012 Q3 Quarterly report

EXHIBIT 12

Mondelēz International, Inc. and Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars, except ratio)

	For the Three			For the Nine
	Months Ended			Months Ended
	September 30, 2012			September 30, 2012
Earnings before income taxes	$	788		$	3,376
Add / (Deduct):
Equity in net earnings of less than 50% owned affiliates		(26	)		(76	)
Dividends from less than 50% owned affiliates		6			61
Fixed charges		912			1,984
Interest capitalized, net of amortization		—			—
Earnings available for fixed charges	$	1,680		$	5,345
Fixed charges:
Interest incurred:
Interest expense	$	882		$	1,895
Capitalized interest		1			2
		883			1,897
Portion of rent expense deemed to represent interest factor		29			87
Fixed charges	$	912		$	1,984
Ratio of earnings to fixed charges		1.8			2.7