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EXHIBIT 12
Kraft Foods Inc. and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)
For the Three Months Ended September 30, 2009 |
For the Nine Months Ended September 30, 2009 |
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Earnings from continuing operations before income taxes |
$ | 1,096 | $ | 3,303 | ||||||||
Add / (Deduct): |
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Equity in net earnings of less than 50% owned affiliates |
(25 | ) | (65 | ) | ||||||||
Dividends from less than 50% owned affiliates |
14 | 55 | ||||||||||
Fixed charges |
378 | 1,075 | ||||||||||
Interest capitalized, net of amortization |
1 | (1 | ) | |||||||||
Earnings available for fixed charges |
$ | 1,464 | $ | 4,367 | ||||||||
Fixed charges: |
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Interest incurred: |
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Interest expense |
$ | 336 | $ | 946 | ||||||||
Capitalized interest |
| 3 | ||||||||||
336 | 949 | |||||||||||
Portion of rent expense deemed to represent interest factor |
42 | 126 | ||||||||||
Fixed charges |
$ | 378 | $ | 1,075 | ||||||||
Ratio of earnings to fixed charges |
3.9 | 4.1 | ||||||||||