Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Accounting Standards Update and Change in Accounting Principle

The following tables show the primary line items on the consolidated statements of earnings and comprehensive earnings and the consolidated balance sheet that changed as a result of the reporting lag for JDE Peet's. The consolidated statements of cash flow and equity were also updated to reflect these changes.


	For the Years Ended
	December 31, 2019				December 31, 2018
	As Reported		As Recast		As Reported		As Recast
	(in millions, except per share data)
Statements of Earnings
Equity method investment net earnings	$	442	$	501	$	548	$	484
Net earnings	3,885		3,944		3,395		3,331
Net earnings attributable to Mondelēz International	3,870		3,929		3,381		3,317
Earnings per share attributable to Mondelēz International:
Basic EPS	$	2.68	$	2.72	$	2.30	$	2.25
Diluted EPS	$	2.65	$	2.69	$	2.28	$	2.23

Statements of Other Comprehensive Earnings
Currency translation adjustment	$	299	$	300	$	(865)	$	(910)
Pension and other benefit plans	116		133		284		331
Derivative cash flow hedges	(45)		(45)		(54)		(54)
Total other comprehensive earnings/(losses)	370		388		(635)		(633)
Comprehensive earnings/(losses) attributable to Mondelēz International	4,242		4,319		2,748		2,686


	As of December 31, 2019
	As Reported		As Recast
	(in millions)
Balance Sheet
Equity method investments	$	7,212	$	7,178
Total assets	64,549		64,515
Retained earnings	26,653		26,615
Accumulated other comprehensive losses	(10,258)		(10,254)
Total Mondelēz International shareholders' equity	27,275		27,241
Total equity	27,351		27,317

Schedule of Summarized Financial Information of Equity Method Investments

Summarized financial information related to our equity method investments is reflected below. The tables below reflect the adjustments noted above for the JDE and JDEP one-quarter lag.


	As of December 31,
	2020		2019
	(in millions)
Current assets	$	5,922	$	5,523
Noncurrent assets	72,941		69,587
Total assets	$	78,863	$	75,110
Current liabilities	$	11,784	$	9,823
Noncurrent liabilities	27,752		28,193
Total liabilities	$	39,536	$	38,016
Equity attributable to shareowners of investees	$	39,161	$	37,058
Equity attributable to noncontrolling interests	166		36
Total net equity of investees	$	39,327	$	37,094
Mondelēz International ownership interests	8-50%		13-50%
Equity method investments (1)	$	6,036	$	7,178


	For the Years Ended December 31,
	2020		2019		2018
	(in millions)
Net revenues	$	20,112	$	19,361	$	14,419
Gross profit	9,856		9,781		5,989
Income from continuing operations	2,078		2,216		1,753
Net income	2,078		2,216		1,753
Net income attributable to investees	$	2,070	$	2,206	$	1,742
Mondelēz International ownership interests	8-50%		13-50%		13-50%
Mondelēz International share of investee net income	$	421	$	501	$	472
Keurig shareholder loan interest income	—		—		12
Equity method investment net earnings	$	421	$	501	$	484

(1)Includes a basis difference of approximately $519 million as of December 31, 2020 and $333 million as of December 31, 2019 between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of our investees’ equity.