Philip Morris International Inc. - FORM 8-K - EX-12 - STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

file	filename
8-K - FORM 8-K - Philip Morris International Inc.	d8k.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Philip Morris International Inc.	dex23.htm
EX-99.1 - FINANCIAL STATEMENTS - Philip Morris International Inc.	dex991.htm
EX-99.3 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Philip Morris International Inc.	dex993.htm
EX-99.2 - REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING - Philip Morris International Inc.	dex992.htm

Exhibit 12

PHILIP MORRIS INTERNATIONAL INC. AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)


	For the Years Ended December 31,
	2010			2009			2008				2007				2006

Earnings before income taxes		$	10,324		$	9,243		$	9,937			$	8,884			$	8,208

Add (deduct):

Equity in net loss (earnings) of less than 50% owned affiliates			8			6			64				(100	)			(163	)
Dividends from less than 50% owned affiliates			—			—			12				100				154
Fixed charges			1,069			1,006			618				359				446
Interest capitalized, net of amortization			1			2			(11	)			(8	)			(4	)

Earnings available for fixed charges		$	11,402		$	10,257		$	10,620			$	9,235			$	8,641


Fixed charges:

Interest incurred		$	976		$	920		$	543			$	280			$	378
Portion of rent expense deemed to represent interest factor			93			86			75				79				68

Fixed charges		$	1,069		$	1,006		$	618			$	359			$	446

Ratio of earnings to fixed charges			10.7			10.2			17.2				25.7				19.4

Philip Morris International Inc. - FORM 8-K - EX-12 - STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - February 10, 2011