Note 14. 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, 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 earnings / (losses)											(4,429	)

Balances at December 31, 2014	$	(5,042	)	$	(2,274	)	$	(2	)	$	(7,318	)

Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment ⁽¹⁾⁽²⁾		(3,382	)		146			–			(3,236	)
Pension and other benefits		–			(60	)		–			(60	)
Derivatives accounted for as hedges		503			–			(74	)		429
Losses / (gains) reclassified into net earnings		–			318			21			339
Reclassification to earnings related to Venezuelan deconsolidation		99			2			–			101
Tax (expense) / benefit		(184	)		(66	)		9			(241	)

Total other comprehensive earnings / (losses)											(2,668	)

Balances at December 31, 2015	$	(8,006	)	$	(1,934	)	$	(46	)	$	(9,986	)

(1)

The consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(26) million for the year ended December 31, 2015 and $(33) million for the year ended December 31, 2014.

(2)

The 2015 translation adjustment of $(2,759) million on the consolidated statement of other comprehensive earnings includes translation adjustments related to pensions of $146 million, derivatives of $503 million, noncontrolling interests of $(26) million and currency impacts of $(3,382) million related to translating our international operations.

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
	2015			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⁾	$	207		$	132		$	193
Settlement losses ⁽¹⁾⁽²⁾		111			42			4
Venezuela deconsolidation		2			–			–		Loss on deconsolidation of Venezuela
Tax impact		(69	)		(56	)		(50	)	Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts - forecasted transactions		(90	)		(27	)		28		Cost of sales
Commodity contracts		64			(21	)		38		Cost of sales
Interest rate contracts		47			3			6		Interest and other expense, net
Tax impact		(21	)		6			(19	)	Provision for income taxes
Currency translation:
Reclassification to earnings related to Venezuela deconsolidation		99			–			–		Loss on deconsolidation of Venezuela

Total reclassifications into net earnings, net of tax	$	350		$	79		$	200

(1)

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

(2)

Settlement losses include the transfer of coffee business-related pension obligations in the amount of $90 million in 2015. See Note 2, Divestitures and Acquisitions – Coffee Business Transactions, for additional information.