XML 52 R34.htm IDEA: XBRL DOCUMENT
v3.20.4

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Leases [Abstract] |
Schedule of Components of Lease Costs and Supplemental Cash Flow Information | The components of lease costs were as follows:
| For the Years Ended December 31,
| 2020 |  | 2019
| (in millions)
Operating lease cost | $ | 236 |  |  | $ | 222 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | 60 |  |  | 29 |
Interest on lease liabilities | 7 |  |  | 4 |
Short-term lease cost | 26 |  |  | 39 |
Variable lease cost | 442 |  |  | 474 |
Sublease income | (7) |  |  | (6) |
Total lease cost | $ | 764 |  |  | $ | 762 |
Rent expenses under prior lease accounting rules (ASC 840) recorded in continuing operations were $260 million in 2018. Supplemental cash flow information related to leases was as follows:
| For the Years Ended December 31,
| 2020 |  | 2019
| (in millions)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | (236) |  |  | $ | (234) |
Operating cash flows from finance leases | (7) |  |  | (4) |
Financing cash flows from finance leases | (56) |  |  | (27) |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 208 |  |  | $ | 95 |
Finance leases | 180 |  |  | 99 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows:
| As of December 31,
| 2020 |  | 2019
| (in millions)
Operating Leases: |  |  |
Operating lease right-of-use assets, net of amortization | $ | 638 |  |  | $ | 568 |
Other current liabilities | $ | 190 |  |  | $ | 178 |
Long-term operating lease liabilities | 470 |  |  | 403 |
Total operating lease liabilities | $ | 660 |  |  | $ | 581 |
Finance Leases: |  |  |
Finance leases, net of amortization (within property, plant & equipment) | $ | 252 |  |  | $ | 122 |
Current portion of long-term debt | $ | 74 |  |  | $ | 32 |
Long-term debt | 182 |  |  | 91 |
Total finance lease liabilities | $ | 256 |  |  | $ | 123 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 6.3 years |  | 5.2 years
Finance leases | 4.4 years |  | 4.6 years
Weighted Average Discount Rate |  |  |
Operating leases | 3.2 | % |  | 3.5 | %
Finance leases | 3.2 | % |  | 3.7 | %
Schedule of Future Maturity of Operating Lease Liabilities | Maturities of lease liabilities were as follows:
| As of December 31, 2020
| Operating Leases |  | Finance Leases
| (in millions)
Year Ending December 31: |  |  |
2021 | $ | 203 |  |  | $ | 81 |
2022 | 155 |  |  | 71 |
2023 | 107 |  |  | 51 |
2024 | 72 |  |  | 33 |
2025 | 51 |  |  | 18 |
Thereafter | 169 |  |  | 22 |
Total future undiscounted lease payments | $ | 757 |  |  | $ | 276 |
Less imputed interest | (97) |  |  | (20) |
Total reported lease liability | $ | 660 |  |  | $ | 256 |
Schedule of Maturities of Finance Lease Liabilities | Maturities of lease liabilities were as follows:
| As of December 31, 2020
| Operating Leases |  | Finance Leases
| (in millions)
Year Ending December 31: |  |  |
2021 | $ | 203 |  |  | $ | 81 |
2022 | 155 |  |  | 71 |
2023 | 107 |  |  | 51 |
2024 | 72 |  |  | 33 |
2025 | 51 |  |  | 18 |
Thereafter | 169 |  |  | 22 |
Total future undiscounted lease payments | $ | 757 |  |  | $ | 276 |
Less imputed interest | (97) |  |  | (20) |
Total reported lease liability | $ | 660 |  |  | $ | 256 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | mdlz_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | mdlz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration