The following table summarizes the changes in the accumulated balances of each component of accumulated other comprehensive earnings/(losses) attributable to Mondelēz International. Amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax) were net losses of $67 million in the three months and $110 million in the six months ended June 30, 2017 and $38 million in the three months and $178 million in the six months ended June 30, 2016.


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2017			2016			2017			2016
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,375	)	$	(7,388	)	$	(8,914	)	$	(8,006	)
Currency translation adjustments		252			(436	)		764			38
Reclassification to earnings related to:
Equity method investment exchange		–			–			–			57
Tax benefit/(expense)		128			(92	)		159			8

Other comprehensive earnings/(losses)		380			(528	)		923			103
Less: (gain)/loss attributable to noncontrolling interests		(12	)		14			(16	)		1

Balance at end of period		(8,007	)		(7,902	)		(8,007	)		(7,902	)

Pension and Other Benefit Plans:
Balance at beginning of period	$	(2,086	)	$	(1,940	)	$	(2,087	)	$	(1,934	)
Net actuarial (loss)/gain arising during period		16			24			9			24
Tax benefit/(expense) on net actuarial loss		(2	)		(9	)		–			(9	)
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾		42			34			83			63
Settlement losses and other expenses ⁽¹⁾		15			11			18			15
Tax benefit on reclassifications ⁽²⁾		(12	)		(15	)		(21	)		(24	)
Currency impact		(92	)		65			(121	)		35

Other comprehensive (losses)/earnings		(33	)		110			(32	)		104

Balance at end of period		(2,119	)		(1,830	)		(2,119	)		(1,830	)

Derivative Cash Flow Hedges:
Balance at beginning of period	$	(103	)	$	(53	)	$	(121	)	$	(46	)
Net derivative gains/(losses)		22			6			29			(83	)
Tax benefit on net derivative gain/(loss)		(1	)		3			4			27
Losses/(gains) reclassified into net earnings:
Currency exchange contracts – forecasted transactions ⁽³⁾		(1	)		2			–			(4	)
Commodity contracts ⁽³⁾		(2	)		10			6			15
Interest rate contracts ⁽⁴⁾		–			–			–			96
Tax benefit on reclassifications ⁽²⁾		(1	)		(4	)		(3	)		(40	)
Currency impact		(5	)		–			(6	)		(1	)

Other comprehensive earnings/(losses)		12			17			30			10

Balance at end of period		(91	)		(36	)		(91	)		(36	)

Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,564	)	$	(9,381	)	$	(11,122	)	$	(9,986	)
Total other comprehensive earnings/(losses)		359			(401	)		921			217
Less: loss/(gain) attributable to noncontrolling interests		(12	)		14			(16	)		1

Other comprehensive earnings/(losses) attributable to Mondelēz International		347			(387	)		905			218

Balance at end of period	$	(10,217	)	$	(9,768	)	$	(10,217	)	$	(9,768	)

(1)

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

(2)

Taxes reclassified to earnings are recorded within the provision for income taxes.

(3)

These reclassified gains or losses are recorded within cost of sales.

(4)

These reclassified losses are recorded within interest and other expense, net.