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v3.8.0.1

Consolidated Statements of Earnings - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Net revenues | [1] | $ 25,896 | $ 25,923 | $ 29,636
Cost of sales |  | 15,831 | 15,795 | 18,124
Gross profit |  | 10,065 | 10,128 | 11,512
Selling, general and administrative expenses |  | 5,911 | 6,540 | 7,577
Asset impairment and exit costs |  | 656 | 852 | 901
Net gain on divestitures |  | (186) | (9) | (6,822)
Loss on deconsolidation of Venezuela |  | 0 | 0 | 778
Amortization of intangibles |  | 178 | 176 | 181
Operating income |  | 3,506 | 2,569 | 8,897
Interest and other expense, net |  | 382 | 1,115 | 1,013
Earnings before income taxes |  | 3,124 | 1,454 | 7,884
Provision for income taxes |  | (688) | (129) | (593)
Gain on equity method investment transactions |  | 40 | 43 | 0
Equity method investment net earnings |  | 460 | 301 | 0
Net earnings |  | 2,936 | 1,669 | 7,291
Noncontrolling interest earnings |  | (14) | (10) | (24)
Net earnings attributable to Mondelez International |  | $ 2,922 | $ 1,659 | $ 7,267
Per share data: |  |  |  |
Basic earnings per share attributable to Mondelez International |  | $ 1.93 | $ 1.07 | $ 4.49
Diluted earnings per share attributable to Mondelez International |  | 1.91 | 1.05 | 4.44
Dividends declared |  | $ 0.82 | $ 0.72 | $ 0.64
[1] | In 2015, our consolidated net revenues included Venezuela net revenues of $763 million in biscuits, $340 million in cheese & grocery, $66 million in gum & candy and $48 million in beverages. Following the deconsolidation of our Venezuela operations at the end of 2015, our 2016 and 2017 consolidated net revenues no longer include the net revenues of our Venezuelan subsidiaries. Refer to Note 1, Summary of Significant Accounting Policies - Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.

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