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Reclassifications from Accumulated Other Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Earnings/(Losses) | 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 $62 million in the second quarter of 2020 and $59 million in the second quarter of 2019 and $166 million in the first six months of 2020 and $88 million in the first six months of 2019.
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (in millions)
Currency Translation Adjustments: |  |  |  |  |  |  |
Balance at beginning of period | $ | (9,686 | ) |  | $ | (8,458 | ) |  | $ | (8,320 | ) |  | $ | (8,622 | )
Currency translation adjustments | 26 |  |  | 31 |  |  | (1,255 | ) |  | 172 |
Reclassification to earnings related to: |  |  |  |  |  |  |
Equity method investment transactions (1) | 29 |  |  | — |  |  | 29 |  |  | — |
Tax (expense)/benefit | 26 |  |  | (1 | ) |  | (64 | ) |  | 21 |
Other comprehensive earnings/(losses) | 81 |  |  | 30 |  |  | (1,290 | ) |  | 193 |
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests | (4 | ) |  | (2 | ) |  | 1 |  |  | (1 | )
Balance at end of period | (9,609 | ) |  | (8,430 | ) |  | (9,609 | ) |  | (8,430 | )
Pension and Other Benefit Plans: |  |  |  |  |  |  |
Balance at beginning of period | $ | (1,661 | ) |  | $ | (1,837 | ) |  | $ | (1,721 | ) |  | $ | (1,854 | )
Net actuarial gain/(loss) arising during period | (2 | ) |  | (20 | ) |  | (24 | ) |  | (32 | )
Tax (expense)/benefit on net actuarial gain/(loss) | (1 | ) |  | 6 |  |  | (1 | ) |  | 7 |
Losses/(gains) reclassified into net earnings: |  |  |  |  |  |  |
Amortization of experience losses and prior service costs (2) | 24 |  |  | 34 |  |  | 49 |  |  | 66 |
Settlement losses and other expenses (1) | 9 |  |  | 24 |  |  | 15 |  |  | 28 |
Tax expense/(benefit) on reclassifications (3) | (7 | ) |  | (11 | ) |  | (15 | ) |  | (18 | )
Currency impact | (18 | ) |  | 5 |  |  | 41 |  |  | 4 |
Other comprehensive earnings/(losses) | 5 |  |  | 38 |  |  | 65 |  |  | 55 |
Balance at end of period | (1,656 | ) |  | (1,799 | ) |  | (1,656 | ) |  | (1,799 | )
Derivative Cash Flow Hedges: |  |  |  |  |  |  |
Balance at beginning of period | $ | (155 | ) |  | $ | (233 | ) |  | $ | (213 | ) |  | $ | (168 | )
Net derivative gains/(losses) | (16 | ) |  | (84 | ) |  | (56 | ) |  | (158 | )
Tax (expense)/benefit on net derivative gain/(loss) | 11 |  |  | 9 |  |  | 26 |  |  | 18 |
Losses/(gains) reclassified into net earnings: |  |  |  |  |  |  |
Interest rate contracts (1) (4) | 8 |  |  | 12 |  |  | 113 |  |  | 12 |
Tax expense/(benefit) on reclassifications (3) | (1 | ) |  | — |  |  | (25 | ) |  | — |
Currency impact | (1 | ) |  | 1 |  |  | 1 |  |  | 1 |
Other comprehensive earnings/(losses) | 1 |  |  | (62 | ) |  | 59 |  |  | (127 | )
Balance at end of period | (154 | ) |  | (295 | ) |  | (154 | ) |  | (295 | )
Accumulated other comprehensive income attributable to Mondelēz International: |  |  |  |  |  |  |
Balance at beginning of period | $ | (11,502 | ) |  | $ | (10,528 | ) |  | $ | (10,254 | ) |  | $ | (10,644 | )
Total other comprehensive earnings/(losses) | 87 |  |  | 6 |  |  | (1,166 | ) |  | 121 |
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests | (4 | ) |  | (2 | ) |  | 1 |  |  | (1 | )
Other comprehensive earnings/(losses) attributable to Mondelēz International | 83 |  |  | 4 |  |  | (1,165 | ) |  | 120 |
Balance at end of period | $ | (11,419 | ) |  | $ | (10,524 | ) |  | $ | (11,419 | ) |  | $ | (10,524 | )
(1) | These amounts include equity method investment transactions recorded within gain/(loss) on equity method investment transactions.
(2) | These reclassified losses are included in net periodic benefit costs disclosed in Note 10, Benefit Plans.
(3) | Taxes reclassified to earnings are recorded within the provision for income taxes.
(4) These reclassified gains or losses are recorded within interest and other expense, net.

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