Reclassifications from Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2015

Reclassifications from Accumulated Other Comprehensive Income

Note 12. Reclassifications from Accumulated Other Comprehensive Income

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


	Mondelēz International Shareholders’ Equity
	Currency						Derivatives
	Translation			Pension and			Accounted for
	Adjustments			Other Benefits			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⁾		(2,069	)		90			–			(1,979	)
Pension and other benefits		–			16			–			16
Derivatives accounted for as hedges		383			–			(78	)		305
Losses / (gains) reclassified into net earnings		–			125			(22	)		103
Tax (expense) / benefit		(150	)		(47	)		57			(140	)

Total other comprehensive earnings / (losses)											(1,695	)

Balances at September 30, 2014	$	(3,250	)	$	(1,408	)	$	74		$	(4,584	)


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

Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment ⁽¹⁾		(2,749	)		97			–			(2,652	)
Pension and other benefits		–			99			–			99
Derivatives accounted for as hedges		303			–			(103	)		200
Losses / (gains) reclassified into net earnings		–			229			27			256
Tax (expense) / benefit		(111	)		(99	)		16			(194	)

Total other comprehensive earnings / (losses)											(2,291	)

Balances at September 30, 2015	$	(7,599	)	$	(1,948	)	$	(62	)	$	(9,609	)

(1)

The condensed consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(22) million for the nine months ended September 30, 2015 and $(19) million for the nine months ended September 30, 2014.

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						For the Nine Months Ended						Location of Gain / (Loss)
	September 30,						September 30,						Recognized
	2015			2014			2015			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 ⁽¹⁾	$	46		$	31		$	165		$	100
Settlement losses ⁽¹⁾		51			9			64			25
Tax impact		(28	)		(26	)		(64	)		(47	)	Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts - forecasted transactions		13			(13	)		(79	)		(9	)	Cost of sales
Commodity contracts		62			(5	)		65			(16	)	Cost of sales
Interest rate contracts		–			–			41			3		Interest and other expense / (income)
Tax impact		(10	)		2			(20	)		3		Provision for income taxes

Total reclassifications into net earnings, net of tax	$	134		$	(2	)	$	172		$	59

(1)

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