Note 12. Reclassifications from Accumulated Other Comprehensive Income

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 $28 million in the three months and $112 million in the nine months ended September 30, 2017 and $28 million in the three months and $206 million in the nine months ended September 30, 2016.


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2017			2016			2017			2016
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,007	)	$	(7,902	)	$	(8,914	)	$	(8,006	)
Currency translation adjustments		291			15			1,055			53
Reclassification to earnings related to:
Equity method investment exchange		–			–			–			57
Tax benefit/(expense)		46			13			205			21

Other comprehensive earnings/(losses)		337			28			1,260			131
Less: (gain)/loss attributable to noncontrolling interests		(8	)		2			(24	)		3

Balance at end of period		(7,678	)		(7,872	)		(7,678	)		(7,872	)

Pension and Other Benefit Plans:
Balance at beginning of period	$	(2,119	)	$	(1,830	)	$	(2,087	)	$	(1,934	)
Net actuarial (loss)/gain arising during period		(28	)		–			(19	)		24
Tax benefit/(expense) on net actuarial loss		25			–			25			(9	)
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾		47			30			130			93
Settlement losses and other expenses ⁽¹⁾		6			10			24			25
Tax benefit on reclassifications ⁽²⁾		(10	)		(10	)		(31	)		(34	)
Currency impact		(50	)		7			(171	)		42

Other comprehensive (losses)/earnings		(10	)		37			(42	)		141

Balance at end of period		(2,129	)		(1,793	)		(2,129	)		(1,793	)

Derivative Cash Flow Hedges:
Balance at beginning of period	$	(91	)	$	(36	)	$	(121	)	$	(46	)
Net derivative gains/(losses)		2			6			31			(77	)
Tax benefit on net derivative gain/(loss)		(5	)		(2	)		(1	)		25
Losses/(gains) reclassified into net earnings:
Currency exchange contracts – forecasted transactions ⁽³⁾		2			7			2			3
Commodity contracts ⁽³⁾		(21	)		(8	)		(15	)		7
Interest rate contracts ⁽⁴⁾		–			–			–			96
Tax benefit on reclassifications ⁽²⁾		6			(1	)		3			(41	)
Currency impact		(3	)		–			(9	)		(1	)

Other comprehensive earnings/(losses)		(19	)		2			11			12

Balance at end of period		(110	)		(34	)		(110	)		(34	)

Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,217	)	$	(9,768	)	$	(11,122	)	$	(9,986	)
Total other comprehensive earnings/(losses)		308			67			1,229			284
Less: loss/(gain) attributable to noncontrolling interests		(8	)		2			(24	)		3

Other comprehensive earnings/(losses) attributable to Mondelēz International		300			69			1,205			287

Balance at end of period	$	(9,917	)	$	(9,699	)	$	(9,917	)	$	(9,699	)

(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.