Reclassifications from Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2015

Components of Accumulated Other Comprehensive Earnings /(Losses)

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


	Mondelēz International Shareholders’ Equity
	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⁾		(225	)		8			–			(217	)
Pension and other benefits		–			6			–			6
Derivatives accounted for as hedges		(15	)		–			(56	)		(71	)
Losses / (gains) reclassified into net earnings		–			41			(2	)		39
Tax (expense) / benefit		6			(13	)		23			16

Total other comprehensive earnings / (losses)											(227	)

Balances at March 31, 2014	$	(1,648	)	$	(1,550	)	$	82		$	(3,116	)


Balances at January 1, 2015	$	(5,042	)	$	(2,274	)	$	(2	)	$	(7,318	)

Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment⁽¹⁾		(2,352	)		131			–			(2,221	)
Pension and other benefits		–			–			–			–
Derivatives accounted for as hedges		525			–			(56	)		469
Losses / (gains) reclassified into net earnings		–			55			(4	)		51
Tax (expense) / benefit		(192	)		(13	)		16			(189	)

Total other comprehensive earnings / (losses)											(1,890	)

Balances at March 31, 2015	$	(7,061	)	$	(2,101	)	$	(46	)	$	(9,208	)

(1)

The condensed consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(25) million for the three months ended March 31, 2015 and $(1) million for the three months ended March 31, 2014.

Amounts Reclassified from Accumulated Other Comprehensive Earnings/ (Losses)

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


	For the Three Months Ended						Location of Gain / (Loss) Recognized in Net Earnings
	March 31,
	2015			2014
	(in millions)

Pension and other benefits:
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	$	52		$	34
Settlement losses ⁽¹⁾		3			7
Tax impact		(13	)		(13	)		Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts – forecasted transactions		(50	)		2			Cost of sales
Commodity contracts		5			(7	)		Cost of sales
Interest rate contracts		41			3			Interest and other expense, net
Tax impact		(14	)		–			Provision for income taxes

Total reclassifications into net earnings, net of tax		24			26

(1)

These items are included in the components of net periodic benefit costs disclosed in Note 9, Benefit Plans.