EXHIBIT 12.1

Mondelēz International, Inc. and Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

	Years Ended December 31,
	2013			2012			2011			2010			2009
Earnings from continuing operations before income taxes	$	2,392		$	1,774		$	1,880		$	726		$	969
Add / (Deduct):
Equity in net earnings of less than 50% owned affiliates		(107	)		(106	)		(84	)		(115	)		(92	)
Dividends from less than 50% owned affiliates		66			63			60			61			55
Fixed charges		1,145			2,323			2,050			2,209			1,361
Interest capitalized, net of amortization		(2	)		(1	)		2			2			1
Earnings available for fixed charges	$	3,494		$	4,053		$	3,908		$	2,883		$	2,294
Fixed charges:
Interest incurred:
Interest expense(a)	$	1,031		$	2,206		$	1,956		$	2,098		$	1,280
Capitalized interest		2			3			–			1			2
		1,033			2,209			1,956			2,099			1,282
Portion of rent expense deemed to represent interest factor		112			114			94			110			79
Fixed charges	$	1,145		$	2,323		$	2,050		$	2,209		$	1,361
Ratio of earnings to fixed charges		3.1			1.7			1.9			1.3			1.7

Notes:

(a) Excludes interest related to uncertain tax positions, which is recorded in our tax provision.