Reclassifications from Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2014

Components of Accumulated Other Comprehensive Earnings /(Losses)

The components of accumulated other comprehensive earnings / (losses) attributable to Mondelēz International were:


	Currency Translation Adjustments			Pension and Other Benefits			Derivatives Accounted for as Hedges			Total
	(in millions)

Balances at January 1, 2014	$	(1,414	)	$	(1,592	)	$	117		$	(2,889	)
Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment⁽¹⁾		167			(6	)		–			161
Pension and other benefits		–			–			–			–
Derivatives accounted for as hedges		(20	)		–			(112	)		(132	)
Losses / (gains) reclassified into net earnings		–			85			(4	)		81
Tax (expense) / benefit		(3	)		(21	)		43			19

Total other comprehensive earnings / (losses)											129

Balances at June 30, 2014	$	(1,270	)	$	(1,534	)	$	44		$	(2,760	)

(1)

The condensed consolidated statement of comprehensive earnings for the six months ended June 30, 2014 includes $(1) million of currency translation adjustment attributable to noncontrolling interests.

Amounts Reclassified from Accumulated Other Comprehensive Earnings/ (Losses)

Amounts reclassified from accumulated other comprehensive earnings / (losses) during the three and six months ended June 30, 2014 and their locations in the condensed consolidated financial statements were as follows:


	For the Three			For the Six			Location of
	Months Ended			Months Ended			Gain / (Loss)
	June 30,			June 30,			Recognized
	2014			2014			in Net Earnings
	(in millions)

Pension and other benefits:
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs	$	35		$	69
Settlement losses⁽¹⁾		9			16
Tax impact		(8	)		(21	)	Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts – forecasted transactions		2			4		Cost of sales
Commodity contracts		(4	)		(11	)	Cost of sales
Interest rate contracts		–			3		Interest and other expense, net
Tax impact		1			1		Provision for income taxes

Total reclassifications into net earnings, net of tax	$	35		$	61

(1)

These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.