Reclassifications from Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Earnings/(Losses)

The following table summarizes the changes in 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 $86 million in the third quarter of 2020 and $143 million in the third quarter of 2019 and $252 million in the first nine months of 2020 and $231 million in the first nine months of 2019.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(9,609)	$	(8,430)	$	(8,320)	$	(8,622)
Currency translation adjustments	184		(316)		(1,071)		(144)
Reclassification to earnings related to:
Equity method investment transactions (1)	—		—		29		—
Tax (expense)/benefit	29		(31)		(35)		(10)
Other comprehensive earnings/(losses)	213		(347)		(1,077)		(154)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(8)		9		(7)		8
Balance at end of period	(9,404)		(8,768)		(9,404)		(8,768)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,656)	$	(1,799)	$	(1,721)	$	(1,854)
Net actuarial gain/(loss) arising during period	2		4		(22)		(28)
Tax (expense)/benefit on net actuarial gain/(loss)	—		(1)		(1)		6
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (2)	25		34		74		100
Settlement losses and other expenses (1)	3		5		18		33
Tax expense/(benefit) on reclassifications (3)	(7)		(7)		(22)		(25)
Currency impact	(60)		54		(19)		58
Other comprehensive earnings/(losses)	(37)		89		28		144
Balance at end of period	(1,693)		(1,710)		(1,693)		(1,710)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(154)	$	(295)	$	(213)	$	(168)
Net derivative gains/(losses)	(67)		(74)		(123)		(232)
Tax (expense)/benefit on net derivative gain/(loss)	1		10		27		28
Losses/(gains) reclassified into net earnings:
Interest rate contracts (1) (4)	66		111		179		123
Tax expense/(benefit) on reclassifications (3)	(1)		—		(26)		—
Currency impact	(3)		(11)		(2)		(10)
Other comprehensive earnings/(losses)	(4)		36		55		(91)
Balance at end of period	(158)		(259)		(158)		(259)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(11,419)	$	(10,524)	$	(10,254)	$	(10,644)
Total other comprehensive earnings/(losses)	172		(222)		(994)		(101)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(8)		9		(7)		8
Other comprehensive earnings/(losses) attributable to Mondelēz International	164		(213)		(1,001)		(93)
Balance at end of period	$	(11,255)	$	(10,737)	$	(11,255)	$	(10,737)

(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..