Reclassifications from Accumulated Other Comprehensive Earnings / (Losses)

12 Months Ended

Dec. 31, 2014

Reclassifications from Accumulated Other Comprehensive Earnings / (Losses)

Note 14. Reclassifications from Accumulated Other Comprehensive Earnings / (Losses)

The components of accumulated other comprehensive earnings / (losses) attributable to Mondelēz International during 2014 and 2013 were:


	Currency						Derivatives
	Translation			Pension and			Accounted for
	Adjustments			Other Benefits			as Hedges			Total
	(in millions)
Balances at January 1, 2013	$	(399	)	$	(2,229	)	$	(38	)	$	(2,666	)
Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment		(952	)		(29	)		–			(981	)
Pension and other benefits		–			713			–			713
Derivatives accounted for as hedges		(99	)		–			169			70
Losses / (gains) reclassified into net earnings		–			197			72			269
Tax (expense) / benefit		36			(244	)		(86	)		(294	)

Total other comprehensive earnings / (losses)											(223	)
Balances at December 31, 2013	$	(1,414	)	$	(1,592	)	$	117		$	(2,889	)

Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment ⁽¹⁾		(3,995	)		146			–			(3,849	)
Pension and other benefits		–			(1,388	)		–			(1,388	)
Derivatives accounted for as hedges		595			–			(166	)		429
Losses / (gains) reclassified into net earnings		–			174			(45	)		129
Tax (expense) / benefit		(228	)		386			92			250

Total other comprehensive losses											(4,429	)
Balances at December 31, 2014	$	(5,042	)	$	(2,274	)	$	(2	)	$	(7,318	)

(1)

The consolidated statement of comprehensive earnings for the year ended December 31, 2014 includes $(33) million of currency translation adjustment attributable to noncontrolling interests.

Amounts reclassified from accumulated other comprehensive earnings / (losses) and their locations in the consolidated financial statements were as follows:


							Location of
							Gain / (Loss)
	For the Years Ended December 31,						Recognized
	2014			2013			in Net Earnings
	(in millions)
Pension and other benefits:
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	$	132		$	193
Settlement losses⁽¹⁾		42			4
Tax impact		(56	)		(50	)	Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts - forecasted transactions		(27	)		28		Cost of sales
Commodity contracts		(21	)		38		Cost of sales
Interest rate contracts		3			6		Interest and other expense, net
Tax impact		6			(19	)	Provision for income taxes

Total reclassifications into net earnings, net of tax	$	79		$	200

(1)

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

- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

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