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EXHIBIT 12.1
Mondelēz International, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions of U.S. dollars, except ratio)
For the Three | For the Nine | |||||||
Months Ended | Months Ended | |||||||
September 30, 2016 | September 30, 2016 | |||||||
Earnings from continuing operations before income taxes | $ | 557 | $ | 1,522 | ||||
Add / (Deduct): | ||||||||
Distributed income from less than 50% owned affiliates | 9 | 75 | ||||||
Fixed charges | 169 | 551 | ||||||
Interest capitalized, net of amortization | (2 | ) | (5 | ) | ||||
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Earnings available for fixed charges | $ | 733 | $ | 2,143 | ||||
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Fixed charges: | ||||||||
Interest incurred: | ||||||||
Interest expense | $ | 141 | $ | 468 | ||||
Capitalized interest | 2 | 5 | ||||||
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143 | 473 | |||||||
Portion of rent expense deemed to represent interest factor | 26 | 78 | ||||||
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Fixed charges | $ | 169 | $ | 551 | ||||
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Ratio of earnings to fixed charges | 4.3 | 3.9 | ||||||
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