Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Mondelez International, Inc. | d466496d10k.htm |
| EX-32.1 - EX-32.1 - Mondelez International, Inc. | d466496dex321.htm |
| EX-31.2 - EX-31.2 - Mondelez International, Inc. | d466496dex312.htm |
| EX-31.1 - EX-31.1 - Mondelez International, Inc. | d466496dex311.htm |
| EX-23.1 - EX-23.1 - Mondelez International, Inc. | d466496dex231.htm |
| EX-21.1 - EX-21.1 - Mondelez International, Inc. | d466496dex211.htm |
| EX-10.37 - EX-10.37 - Mondelez International, Inc. | d466496dex1037.htm |
| EX-10.31 - EX-10.31 - Mondelez International, Inc. | d466496dex1031.htm |
| EX-10.13 - EX-10.13 - Mondelez International, Inc. | d466496dex1013.htm |
EXHIBIT 12.1
Mondelēz International, Inc. and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars, except ratio)
| Years Ended December 31, | ||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| Earnings from continuing operations before income taxes |
$ | 3,124 | $ | 1,454 | $ | 7,884 | $ | 2,554 | $ | 2,392 | ||||||||||
| Add / (Deduct): |
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| Equity in net earnings of less than 50% owned affiliates (1) |
– | – | (56 | ) | (112 | ) | (107 | ) | ||||||||||||
| Distributed income from less than 50% owned affiliates |
152 | 75 | 58 | 61 | 66 | |||||||||||||||
| Fixed charges |
491 | 721 | 825 | 965 | 1,145 | |||||||||||||||
| Interest capitalized, net of amortization |
(5 | ) | (6 | ) | (7 | ) | (3 | ) | (2 | ) | ||||||||||
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| Earnings available for fixed charges |
$ | 3,762 | $ | 2,244 | $ | 8,704 | $ | 3,465 | $ | 3,494 | ||||||||||
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| Fixed charges: |
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| Interest incurred: |
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| Interest expense (2) |
$ | 391 | $ | 609 | $ | 714 | $ | 882 | $ | 1,031 | ||||||||||
| Capitalized interest |
5 | 6 | 7 | 3 | 2 | |||||||||||||||
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| 396 | 615 | 721 | 885 | 1,033 | ||||||||||||||||
| Portion of rent expense deemed to represent interest factor |
95 | 106 | 104 | 80 | 112 | |||||||||||||||
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| Fixed charges |
$ | 491 | $ | 721 | $ | 825 | $ | 965 | $ | 1,145 | ||||||||||
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| Ratio of earnings to fixed charges |
7.7 | 3.1 | 10.6 | 3.6 | 3.1 | |||||||||||||||
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Notes:
| (1) | With the deconsolidation of our global coffee businesses on July 2, 2015, we began to recognize predominantly coffee-related equity method investment earnings outside of pre-tax earnings within earnings from continuing operations after income taxes. Refer to Note 1, Summary of Significant Accounting Policies – Principles of Consolidation. |
| (2) | Excludes interest related to uncertain tax positions, which is recorded in our tax provision. |