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Earnings per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings per Share
Note 15. Earnings per Share

Basic and diluted earnings per share (“EPS”) were calculated as follows:
 For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2022202120222021
 (in millions, except per share data)
Net earnings$533 $1,262 $2,142 $3,309 
Noncontrolling interest earnings(1)(4)(8)(12)
Net earnings attributable to Mondelēz International$532 $1,258 $2,134 $3,297 
Weighted-average shares for basic EPS1,372 1,399 1,381 1,406 
Plus incremental shares from assumed conversions
   of stock options and long-term incentive plan shares
Weighted-average shares for diluted EPS1,379 1,408 1,389 1,415 
Basic earnings per share attributable to
   Mondelēz International
$0.39 $0.90 $1.55 $2.34 
Diluted earnings per share attributable to
   Mondelēz International
$0.39 $0.89 $1.54 $2.33 

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options and performance share units of 3.3 million in the third quarter of 2022 and 2.7 million in the third quarter of 2021 and 2.9 million in the first nine months of 2022 and 3.0 million in the first nine months of 2021.