Reclassifications from Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2022

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 gains of $103 million in the third quarter of 2022 and $26 million in the third quarter of 2021 and $143 million in the first nine months of 2022 and $63 million in the first nine months of 2021.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(9,431)	$	(8,627)	$	(9,097)	$	(8,655)
Currency translation adjustments	(607)		(407)		(940)		(376)


Tax (expense)/benefit	(60)		10		(76)		—
Other comprehensive earnings/(losses)	(667)		(397)		(1,016)		(376)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	12		5		27		12
Balance at end of period	(10,086)		(9,019)		(10,086)		(9,019)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,119)	$	(1,803)	$	(1,379)	$	(1,874)
Net actuarial gain/(loss) arising during period	(36)		3		116		1
Tax (expense)/benefit on net actuarial gain/(loss)	4		(1)		(23)		(1)
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (2)	16		33		52		105
Settlement losses and other expenses (2)	5		5		12		14
Curtailment credit (2)	—		(3)		—		(17)
Tax expense/(benefit) on reclassifications (3)	(2)		(9)		(14)		(26)
Currency impact	70		39		174		62
Other comprehensive earnings/(losses)	57		67		317		138
Balance at end of period	(1,062)		(1,736)		(1,062)		(1,736)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(88)	$	(142)	$	(148)	$	(161)
Net derivative gains/(losses)	121		42		245		148
Tax (expense)/benefit on net derivative gain/(loss)	—		1		—		—
Losses/(gains) reclassified into net earnings:
Currency exchange contracts(4)	1		—		6		—
Interest rate contracts (2)(4)	(121)		(52)		(174)		(137)
Tax expense/(benefit) on reclassifications (3)	(2)		—		(25)		(2)
Currency impact	6		2		13		3
Other comprehensive earnings/(losses)	5		(7)		65		12
Balance at end of period	(83)		(149)		(83)		(149)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,638)	$	(10,572)	$	(10,624)	$	(10,690)
Total other comprehensive earnings/(losses)	(605)		(337)		(634)		(226)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	12		5		27		12
Other comprehensive earnings/(losses) attributable to Mondelēz International	(593)		(332)		(607)		(214)
Balance at end of period	$	(11,231)	$	(10,904)	$	(11,231)	$	(10,904)

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

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

(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.