XML 148 R45.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Summary of Operating Results | Our summarized operating results by quarter are detailed below.
| 2019 Quarters
| First |  | Second |  | Third |  | Fourth
| (in millions, except per share data)
Net revenues | $ | 6,538 |  |  | $ | 6,062 |  |  | $ | 6,355 |  |  | $ | 6,913 |
Gross profit | 2,593 |  |  | 2,469 |  |  | 2,516 |  |  | 2,759 |
(Provision)/benefit for income taxes (1) | (189 | ) |  | (216 | ) |  | 633 |  |  | (230 | )
Gain/(loss) on equity method investment transactions | 23 |  |  | (25 | ) |  | — |  |  | — |
Equity method investment net earnings | 113 |  |  | 113 |  |  | 111 |  |  | 105 |
Net earnings | 920 |  |  | 808 |  |  | 1,428 |  |  | 729 |
Noncontrolling interest | (6 | ) |  | (1 | ) |  | (5 | ) |  | (3 | )
Net earnings attributable to Mondelēz International | $ | 914 |  |  | $ | 807 |  |  | $ | 1,423 |  |  | $ | 726 |
Weighted-average shares for basic EPS | 1,449 |  |  | 1,445 |  |  | 1,445 |  |  | 1,441 |
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares | 12 |  |  | 13 |  |  | 13 |  |  | 12 |
Weighted-average shares for diluted EPS | 1,461 |  |  | 1,458 |  |  | 1,458 |  |  | 1,453 |
Per share data: |  |  |  |  |  |  |
Basic EPS attributable to Mondelēz International: | $ | 0.63 |  |  | $ | 0.56 |  |  | $ | 0.98 |  |  | $ | 0.50 |
Diluted EPS attributable to Mondelēz International: | $ | 0.63 |  |  | $ | 0.55 |  |  | $ | 0.98 |  |  | $ | 0.50 |
Dividends declared | $ | 0.26 |  |  | $ | 0.26 |  |  | $ | 0.285 |  |  | $ | 0.285 |
| 2018 Quarters
| First |  | Second |  | Third |  | Fourth
| (in millions, except per share data)
Net revenues | $ | 6,765 |  |  | $ | 6,112 |  |  | $ | 6,288 |  |  | $ | 6,773 |
Gross profit | 2,849 |  |  | 2,540 |  |  | 2,414 |  |  | 2,549 |
Provision for income taxes | (337 | ) |  | (15 | ) |  | (310 | ) |  | (111 | )
Gain on equity method investment transactions | — |  |  | — |  |  | 757 |  |  | 21 |
Equity method investment net earnings | 232 |  |  | 87 |  |  | 80 |  |  | 149 |
Net earnings | 1,052 |  |  | 320 |  |  | 1,197 |  |  | 826 |
Noncontrolling interest | (6 | ) |  | (2 | ) |  | (3 | ) |  | (3 | )
Net earnings attributable to Mondelēz International | $ | 1,046 |  |  | $ | 318 |  |  | $ | 1,194 |  |  | $ | 823 |
Weighted-average shares for basic EPS | 1,489 |  |  | 1,475 |  |  | 1,466 |  |  | 1,457 |
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares | 16 |  |  | 13 |  |  | 14 |  |  | 13 |
Weighted-average shares for diluted EPS | 1,505 |  |  | 1,488 |  |  | 1,480 |  |  | 1,470 |
Per share data: |  |  |  |  |  |  |
Basic EPS attributable to Mondelēz International: | $ | 0.70 |  |  | $ | 0.22 |  |  | $ | 0.81 |  |  | $ | 0.56 |
Diluted EPS attributable to Mondelēz International: | $ | 0.70 |  |  | $ | 0.21 |  |  | $ | 0.81 |  |  | $ | 0.56 |
Dividends declared | $ | 0.22 |  |  | $ | 0.22 |  |  | $ | 0.26 |  |  | $ | 0.26 |
(1) | The third quarter of 2019 was significantly impacted by the $769 million net deferred tax benefit related to Swiss tax reform. Refer to Note 16, Income Taxes for more information.
Schedule of Pre-Tax (Charges)/Gains in Earnings From Continuing Operations | During 2019 and 2018, we recorded the following pre-tax (charges)/benefits in earnings from continuing operations:
| 2019 Quarters
| First |  | Second |  | Third |  | Fourth
| (in millions)
Asset impairment and exit costs | $ | (20 | ) |  | $ | (15 | ) |  | $ | (134 | ) |  | $ | (59 | )
Divestiture-related costs | 1 |  |  | (11 | ) |  | 4 |  |  | — |
Net gain on divestiture | — |  |  | 41 |  |  | 3 |  |  | — |
Impact from pension participation changes | — |  |  | 35 |  |  | (3 | ) |  | (3 | )
Impact from the resolution of tax matters | — |  |  | — |  |  | — |  |  | (85 | )
Loss related to interest rate swaps | — |  |  | — |  |  | (111 | ) |  | — |
Net gain/(loss) on equity method investment transactions | 23 |  |  | (25 | ) |  | — |  |  | — |
| $ | 4 |  |  | $ | 25 |  |  | $ | (241 | ) |  | $ | (147 | )
| 2018 Quarters
| First |  | Second |  | Third |  | Fourth
| (in millions)
Asset impairment and exit costs | $ | (54 | ) |  | $ | (111 | ) |  | $ | (125 | ) |  | $ | (99 | )
Divestiture-related costs | 3 |  |  | — |  |  | — |  |  | (2 | )
Impact from pension participation changes | — |  |  | (409 | ) |  | (3 | ) |  | (17 | )
Impact from the resolution of tax matters | — |  |  | (15 | ) |  | — |  |  | 26 |
Gain/(loss) related to interest rate swaps | 14 |  |  | (5 | ) |  | 1 |  |  | — |
Loss on early extinguishment of debt and related expenses | — |  |  | (140 | ) |  | — |  |  | — |
Gain on equity method investment transaction | — |  |  | — |  |  | 757 |  |  | 21 |
| $ | (37 | ) |  | $ | (680 | ) |  | $ | 630 |  |  | $ | (71 | )

X
- Definition Schedule of Pre-Tax Charges/(Gains) in Earnings from Continuing Operations [Text Block] + References No definition available. + Details
Name: | mdlz_ScheduleOfPreTaxChargesGainsInEarningsFromContinuingOperationsTableTextBlock
Namespace Prefix: | mdlz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration