XML 74 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES      
Net earnings $ 2,201us-gaap_ProfitLoss $ 3,935us-gaap_ProfitLoss $ 3,094us-gaap_ProfitLoss
Adjustments to reconcile net earnings to operating cash flows:      
Depreciation and amortization 1,059us-gaap_DepreciationAndAmortization 1,077us-gaap_DepreciationAndAmortization 1,345us-gaap_DepreciationAndAmortization
Stock-based compensation expense 141us-gaap_ShareBasedCompensation 128us-gaap_ShareBasedCompensation 162us-gaap_ShareBasedCompensation
Deferred income tax (benefit) / provision (186)us-gaap_DeferredIncomeTaxExpenseBenefit (64)us-gaap_DeferredIncomeTaxExpenseBenefit 369us-gaap_DeferredIncomeTaxExpenseBenefit
Gains on acquisition and divestitures, net   (30)mdlz_GainLossOnAcquisitionAndDivestituresNet (107)mdlz_GainLossOnAcquisitionAndDivestituresNet
Asset impairments 240us-gaap_AssetImpairmentCharges 97us-gaap_AssetImpairmentCharges 126us-gaap_AssetImpairmentCharges
Benefit from indemnification resolution   (385)mdlz_BenefitFromIndemnificationResolution  
Loss on early extinguishment of debt 493us-gaap_GainsLossesOnExtinguishmentOfDebt 608us-gaap_GainsLossesOnExtinguishmentOfDebt  
Unrealized (gain) / loss on planned coffee business transactions currency hedge (628)us-gaap_UnrealizedGainLossOnDerivatives    
Other non-cash items, net (184)us-gaap_OtherNoncashIncomeExpense (19)us-gaap_OtherNoncashIncomeExpense 44us-gaap_OtherNoncashIncomeExpense
Change in assets and liabilities, net of acquisitions and divestitures:      
Receivables, net 184us-gaap_IncreaseDecreaseInReceivables 492us-gaap_IncreaseDecreaseInReceivables (599)us-gaap_IncreaseDecreaseInReceivables
Inventories, net (188)us-gaap_IncreaseDecreaseInInventories (116)us-gaap_IncreaseDecreaseInInventories (129)us-gaap_IncreaseDecreaseInInventories
Accounts payable 387us-gaap_IncreaseDecreaseInAccountsPayable 793us-gaap_IncreaseDecreaseInAccountsPayable 505us-gaap_IncreaseDecreaseInAccountsPayable
Other current assets (86)us-gaap_IncreaseDecreaseInOtherOperatingAssets (42)us-gaap_IncreaseDecreaseInOtherOperatingAssets 217us-gaap_IncreaseDecreaseInOtherOperatingAssets
Other current liabilities 135us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 62us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (1,160)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Change in pension and postretirement assets and liabilities, net (6)mdlz_IncreaseDecreaseInPensionAssetsAndObligationsAndPostretirementObligations (126)mdlz_IncreaseDecreaseInPensionAssetsAndObligationsAndPostretirementObligations 56mdlz_IncreaseDecreaseInPensionAssetsAndObligationsAndPostretirementObligations
Net cash provided by operating activities 3,562us-gaap_NetCashProvidedByUsedInOperatingActivities 6,410us-gaap_NetCashProvidedByUsedInOperatingActivities 3,923us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES      
Capital expenditures (1,642)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,622)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,610)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisition, net of cash received (7)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (119)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired  
Proceeds from divestitures, net of disbursements   60us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested 200us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested
Cash received from / (transferred to) Kraft Foods Group related to the Spin-Off   55mdlz_CashReceivedFromTransferredToRelatedToSpinoff (410)mdlz_CashReceivedFromTransferredToRelatedToSpinoff
Proceeds from sale of property, plant and equipment and other 7us-gaap_ProceedsFromSaleOfProductiveAssets 143us-gaap_ProceedsFromSaleOfProductiveAssets 133us-gaap_ProceedsFromSaleOfProductiveAssets
Net cash used in investing activities (1,642)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,483)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,687)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES      
Issuances of commercial paper, maturities greater than 90 days 2,082us-gaap_ProceedsFromIssuanceOfCommercialPaper 1,329us-gaap_ProceedsFromIssuanceOfCommercialPaper 1,579us-gaap_ProceedsFromIssuanceOfCommercialPaper
Repayments of commercial paper, maturities greater than 90 days (2,713)us-gaap_RepaymentsOfCommercialPaper (607)us-gaap_RepaymentsOfCommercialPaper (1,581)us-gaap_RepaymentsOfCommercialPaper
Net issuances of other short-term borrowings, net 398us-gaap_ProceedsFromRepaymentsOfShortTermDebt 613us-gaap_ProceedsFromRepaymentsOfShortTermDebt 95us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Long-term debt proceeds 3,032us-gaap_ProceedsFromIssuanceOfLongTermDebt 3,248us-gaap_ProceedsFromIssuanceOfLongTermDebt 6,775us-gaap_ProceedsFromIssuanceOfLongTermDebt
Long-term debt repaid (3,017)us-gaap_RepaymentsOfLongTermDebt (7,559)us-gaap_RepaymentsOfLongTermDebt (4,495)us-gaap_RepaymentsOfLongTermDebt
Repurchase of Common Stock (1,700)us-gaap_PaymentsForRepurchaseOfCommonStock (2,900)us-gaap_PaymentsForRepurchaseOfCommonStock  
Dividends paid (964)us-gaap_PaymentsOfDividends (943)us-gaap_PaymentsOfDividends (2,058)us-gaap_PaymentsOfDividends
Other 194us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 132us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (111)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash (used in) / provided by financing activities (2,688)us-gaap_NetCashProvidedByUsedInFinancingActivities (6,687)us-gaap_NetCashProvidedByUsedInFinancingActivities 204us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (223)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (93)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 61us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Cash and cash equivalents:      
Increase / (decrease) (991)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,853)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,501us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Balance at beginning of period 2,622us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations 4,475us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations 1,974us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
Balance at end of period 1,631us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations 2,622us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations 4,475us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
Cash paid:      
Interest 827us-gaap_InterestPaid 1,150us-gaap_InterestPaid 2,406us-gaap_InterestPaid
Income taxes $ 1,238us-gaap_IncomeTaxesPaid $ 760us-gaap_IncomeTaxesPaid $ 1,057us-gaap_IncomeTaxesPaid