Reclassifications from Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2021

Reclassifications from Accumulated Other Comprehensive Income

Note 13. Reclassifications from Accumulated Other Comprehensive Income

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 $34 million in the first three months of 2021 and $104 million in the first three months of 2020.


	For the Three Months Ended March 31,
	2021		2020
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,655)	$	(8,320)
Currency translation adjustments	(134)		(1,281)


Tax (expense)/benefit	(2)		(90)
Other comprehensive earnings/(losses)	(136)		(1,371)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	9		5
Balance at end of period	(8,782)		(9,686)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,874)	$	(1,721)
Net actuarial gain/(loss) arising during period	(1)		(22)

Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (1)	35		25
Settlement losses and other expenses	3		6
Tax expense/(benefit) on reclassifications (2)	(9)		(8)
Currency impact	41		59
Other comprehensive earnings/(losses)	69		60
Balance at end of period	(1,805)		(1,661)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(161)	$	(213)
Net derivative gains/(losses)	(7)		(40)
Tax (expense)/benefit on net derivative gain/(loss)	1		15
Losses/(gains) reclassified into net earnings:
Interest rate contracts (3)	6		105
Tax expense/(benefit) on reclassifications (2)	(1)		(24)
Currency impact	3		2
Other comprehensive earnings/(losses)	2		58
Balance at end of period	(159)		(155)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,690)	$	(10,254)
Total other comprehensive earnings/(losses)	(65)		(1,253)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	9		5
Other comprehensive earnings/(losses) attributable to Mondelēz International	(56)		(1,248)
Balance at end of period	$	(10,746)	$	(11,502)

(1)These reclassified losses are included in net periodic benefit costs disclosed in Note 10, Benefit Plans.

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

(3)These reclassified gains or losses are recorded within interest and other expense, net.