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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 | ||||||||
March 31, 2010 | ||||||||
Earnings from continuing operations before income taxes |
$ | 582 | ||||||
Add / (Deduct): |
||||||||
Equity in net earnings of less than 50% owned affiliates |
(26 | ) | ||||||
Dividends from less than 50% owned affiliates |
41 | |||||||
Fixed charges |
529 | |||||||
Interest capitalized, net of amortization |
1 | |||||||
Earnings available for fixed charges |
$ | 1,127 | ||||||
Fixed charges: |
||||||||
Interest incurred: |
||||||||
Interest expense |
$ | 488 | ||||||
Capitalized interest |
| |||||||
488 | ||||||||
Portion of rent expense deemed to represent interest factor |
41 | |||||||
Fixed charges |
$ | 529 | ||||||
Ratio of earnings to fixed charges |
2.1 | |||||||