Reclassifications from Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2020

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 $285 million in 2020, $279 million in 2019 and $169 million in 2018.


	For the Years Ended December 31,
	2020		2019		2018
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,320)	$	(8,622)	$	(7,714)
Currency translation adjustments	(398)		251		(743)
Reclassification to earnings related to:
Equity method investment transactions (1)	29		—		6
Tax (expense)/benefit	47		49		(173)
Other comprehensive earnings/(losses)	(322)		300		(910)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(13)		2		2
Balance at end of period	(8,655)		(8,320)		(8,622)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,721)	$	(1,854)	$	(2,185)
Net actuarial gain/(loss) arising during period	(187)		4		91
Tax (expense)/benefit on net actuarial gain/(loss)	38		22		(24)
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (2)	104		137		168
Settlement losses and other expenses (1)	22		30		40
Tax expense/(benefit) on reclassifications (3)	(31)		(42)		(36)
Currency impact	(99)		(18)		92
Other comprehensive earnings/(losses)	(153)		133		331
Balance at end of period	(1,874)		(1,721)		(1,854)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(213)	$	(168)	$	(114)
Net derivative gains/(losses)	(132)		(224)		(56)
Tax (expense)/benefit on net derivative gain/(loss)	27		19		5
Losses/(gains) reclassified into net earnings:
Interest rate contracts (1) (4)	189		155		(11)
Tax expense/(benefit) on reclassifications (3)	(28)		(1)		2
Currency impact	(4)		6		6
Other comprehensive earnings/(losses)	52		(45)		(54)
Balance at end of period	(161)		(213)		(168)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,254)	$	(10,644)	$	(10,013)
Total other comprehensive earnings/(losses)	(423)		388		(633)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(13)		2		2
Other comprehensive earnings/(losses) attributable to Mondelēz International	(436)		390		(631)
Balance at end of period	$	(10,690)	$	(10,254)	$	(10,644)

(1)Includes 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 11, Benefit Plans.

(3)Taxes reclassified to earnings are recorded within the provision for income taxes.

(4)These reclassified losses are recorded within interest and other expense, net