Reclassifications from Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2021

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 $25 million in the second quarter of 2021 and $62 million in the second quarter of 2020 and $59 million in the first six months of 2021 and $166 million in the first six months of 2020.


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,782)	$	(9,686)	$	(8,655)	$	(8,320)
Currency translation adjustments	165		26		31		(1,255)
Reclassification to earnings related to:
Equity method investment transactions (1)	—		29		—		29
Tax (expense)/benefit	(8)		26		(10)		(64)
Other comprehensive earnings/(losses)	157		81		21		(1,290)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(2)		(4)		7		1
Balance at end of period	(8,627)		(9,609)		(8,627)		(9,609)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,805)	$	(1,661)	$	(1,874)	$	(1,721)
Net actuarial gain/(loss) arising during period	(1)		(2)		(2)		(24)
Tax (expense)/benefit on net actuarial gain/(loss)	—		(1)		—		(1)
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (2)	37		24		72		49
Settlement losses and other expenses (1)	6		9		9		15
Curtailment credit (2)	(14)		—		(14)		—
Tax expense/(benefit) on reclassifications (3)	(8)		(7)		(17)		(15)
Currency impact	(18)		(18)		23		41
Other comprehensive earnings/(losses)	2		5		71		65
Balance at end of period	(1,803)		(1,656)		(1,803)		(1,656)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(159)	$	(155)	$	(161)	$	(213)
Net derivative gains/(losses)	16		(16)		9		(56)
Tax (expense)/benefit on net derivative gain/(loss)	(2)		11		(1)		26
Losses/(gains) reclassified into net earnings:
Interest rate contracts (1)(4)	5		8		11		113
Tax expense/(benefit) on reclassifications (3)	(1)		(1)		(2)		(25)
Currency impact	(1)		(1)		2		1
Other comprehensive earnings/(losses)	17		1		19		59
Balance at end of period	(142)		(154)		(142)		(154)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,746)	$	(11,502)	$	(10,690)	$	(10,254)
Total other comprehensive earnings/(losses)	176		87		111		(1,166)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(2)		(4)		7		1
Other comprehensive earnings/(losses) attributable to Mondelēz International	174		83		118		(1,165)
Balance at end of period	$	(10,572)	$	(11,419)	$	(10,572)	$	(11,419)

(1)These amounts include equity method investment transactions recorded within gain 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.