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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 June 30, 2010 |
For the Six Months Ended June 30, 2010 |
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Earnings from continuing operations before income taxes |
$ | 1,262 | $ | 1,844 | ||||||||
Add / (Deduct): |
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Equity in net earnings of less than 50% owned affiliates |
(32 | ) | (58 | ) | ||||||||
Dividends from less than 50% owned affiliates |
7 | 48 | ||||||||||
Fixed charges |
499 | 1,028 | ||||||||||
Interest capitalized, net of amortization |
| 1 | ||||||||||
Earnings available for fixed charges |
$ | 1,736 | $ | 2,863 | ||||||||
Fixed charges: |
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Interest incurred: |
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Interest expense |
$ | 457 | $ | 945 | ||||||||
Capitalized interest |
1 | 1 | ||||||||||
458 | 946 | |||||||||||
Portion of rent expense deemed to represent interest factor |
41 | 82 | ||||||||||
Fixed charges |
$ | 499 | $ | 1,028 | ||||||||
Ratio of earnings to fixed charges |
3.5 | 2.8 | ||||||||||