EX-12 5 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Statement regarding computation of ratios of earnings to fixed charges

EXHIBIT 12

Kraft Foods Inc. and Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

 

0,000,000,000 0,000,000,000
     For the Three
Months Ended
June 30, 2011		     For the Six
Months Ended
June 30, 2011		  

Earnings from continuing operations before income taxes

    $ 1,365      $ 2,565   

Add / (Deduct):

     

Equity in net earnings of less than 50% owned affiliates

      (20 )      (42 ) 

Dividends from less than 50% owned affiliates

      2        51   

Fixed charges

      505        1,006   

Interest capitalized, net of amortization

      –        –   
                

Earnings available for fixed charges

    $ 1,852      $ 3,580   
                

Fixed charges:

     

Interest incurred:

     

Interest expense

    $ 465      $ 927   

Capitalized interest

      1        1   
                
     466        928   

Portion of rent expense deemed to represent interest factor

      39        78   
                

Fixed charges

    $ 505      $ 1,006   
                

Ratio of earnings to fixed charges

      3.7        3.6