EX-99.1 2 d268420dex991.htm EX-99.1

EX-99.1

Exhibit 99.1

U.S. GAAP to Non-GAAP Reconciliations

In addition to reporting our U.S. GAAP operating results, we have historically reported non-GAAP financial information. Refer also to our Quarterly Reports on Form 10-Q and our Annual Report on Form 10-K for the periods presented for additional information on our GAAP to non-GAAP adjustments.

Schedule 1.a

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Gross Profit / Operating Income

(in millions of U.S. dollars)

(Unaudited)

		For the Nine Months Ended September 30, 2021
		Net Revenues				Gross Profit				Gross Profit Margin				Operating Income				Operating Income Margin
Reported (GAAP)		$	21,062			$	8,421				40.0	%		$	3,449				16.4	%
Simplify to Grow Program			—				92								381
Intangible asset impairment charges			—				—								32
Mark-to-market (gains)/losses from derivatives			—				(270	)							(270	)
Acquisition integration costs and contingent consideration adjustments			—				2								(54	)
Acquisition-related costs			—				—								24
Gain on acquisition			—				—								(9	)
Remeasurement of net monetary position			—				—								10
Impact from pension participation changes			—				20								47
Impact from resolution of tax matters			—				—								(5	)
Adjusted (Non-GAAP)		$	21,062			$	8,265				39.2	%		$	3,605				17.1	%
Operating income from Max Foods			(30	)			(4	)							(5	)
Adjusted (Non-GAAP)—As Recast		$	21,032			$	8,261				39.3	%		$	3,600				17.1	%
Currency							(244	)							(129	)
Adjusted @ Constant FX (Non-GAAP)—As Recast						$	8,017							$	3,471

		For the Nine Months Ended September 30, 2020
		Net Revenues				Gross Profit				Gross Profit Margin				Operating Income				Operating Income Margin
Reported (GAAP)		$	19,283			$	7,574				39.3	%		$	2,704				14.0	%
Simplify to Grow Program			—				48								248
Intangible asset impairment charges			—				—								144
Mark-to-market (gains)/losses from derivatives			—				40								42
Acquisition integration costs			—				—								2
Acquisition-related costs			—				—								15
Divestiture-related costs			—				—								4
Costs associated with JDE Peet’s transaction			—				—								48
Remeasurement of net monetary position			—				—								7
Rounding			—				—								(1	)
Adjusted (Non-GAAP)		$	19,283			$	7,662				39.7	%		$	3,213				16.7	%
						Gross Profit								Operating Income
$ Change—Reported (GAAP)						$	847							$	745
$ Change—Adjusted (Non-GAAP)							603								392
$ Change—Adjusted (Non-GAAP)—As Recast							599								387
$ Change—Adjusted @ Constant FX (Non-GAAP)—As Recast							355								258
% Change—Reported (GAAP)							11.2	%							27.6	%
% Change—Adjusted (Non-GAAP)							7.9	%							12.2	%
% Change—Adjusted (Non-GAAP)—As Recast							7.8	%							12.0	%
% Change—Adjusted @ Constant FX (Non-GAAP)—As Recast							4.6	%							8.0	%

Schedule 1.b

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Gross Profit / Operating Income

(in millions of U.S. dollars)

(Unaudited)

		For the Three Months Ended September 30, 2021
		Net Revenues				Gross Profit				Gross Profit Margin				Operating Income				Operating Income Margin
Reported (GAAP)		$	7,182			$	2,824				39.3	%		$	1,294				18.0	%
Simplify to Grow Program			—				57								127
Mark-to-market (gains)/losses from derivatives			—				(133	)							(132	)
Acquisition integration costs and contingent consideration adjustments			—				1								(57	)
Remeasurement of net monetary position			—				—								2
Impact from pension participation changes			—				1								2
Adjusted (Non-GAAP)		$	7,182			$	2,750				38.3	%		$	1,236				17.2	%
Operating income from Max Foods			(16	)			(3	)							(3	)
Adjusted (Non-GAAP)—As Recast		$	7,166			$	2,747				38.3	%		$	1,233				17.2	%
Currency							(34	)							(18	)
Adjusted @ Constant FX (Non-GAAP)—As Recast						$	2,713							$	1,215

		For the Three Months Ended September 30, 2020
		Net Revenues				Gross Profit				Gross Profit Margin				Operating Income				Operating Income Margin
Reported (GAAP)		$	6,665			$	2,792				41.9	%		$	1,135				17.0	%
Simplify to Grow Program			—				14								114
Intangible asset impairment charges			—				—								54
Mark-to-market (gains)/losses from derivatives			—				(147	)							(145	)
Divestiture-related costs			—				1								6
Remeasurement of net monetary position			—				—								2
Rounding			—				(1	)							(1	)
Adjusted (Non-GAAP)		$	6,665			$	2,659				39.9	%		$	1,165				17.5	%
						Gross Profit								Operating Income
$ Change—Reported (GAAP)						$	32							$	159
$ Change—Adjusted (Non-GAAP)							91								71
$ Change—Adjusted (Non-GAAP)—As Recast							88								68
$ Change—Adjusted @ Constant FX (Non-GAAP)—As Recast							54								50
% Change—Reported (GAAP)							1.1	%							14.0	%
% Change—Adjusted (Non-GAAP)							3.4	%							6.1	%
% Change—Adjusted (Non-GAAP)—As Recast							3.3	%							5.8	%
% Change—Adjusted @ Constant FX (Non-GAAP)—As Recast							2.0	%							4.3	%

Schedule 1.c

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Gross Profit / Operating Income

(in millions of U.S. dollars)

(Unaudited)

		For the Three Months Ended June 30, 2021
		Net Revenues				Gross Profit				Gross Profit Margin				Operating Income				Operating Income Margin
Reported (GAAP)		$	6,642			$	2,631				39.6	%		$	872				13.1	%
Simplify to Grow Program			—				20								132
Intangible asset impairment charges			—				—								32
Mark-to-market (gains)/losses from derivatives			—				(21	)							(20	)
Acquisition integration costs and contingent consideration adjustments			—				1								2
Acquisition-related costs			—				—								17
Remeasurement of net monetary position			—				—								3
Impact from pension participation changes			—				18								44
Impact from resolution of tax matters			—				—								(5	)
Adjusted (Non-GAAP)		$	6,642			$	2,649				39.9	%		$	1,077				16.2	%
Operating income from Max Foods			(14	)			(1	)							(2	)
Adjusted (Non-GAAP)—As Recast		$	6,628			$	2,648				40.0	%		$	1,075				16.2	%
Currency							(134	)							(67	)
Adjusted @ Constant FX (Non-GAAP)—As Recast						$	2,514							$	1,008

		For the Three Months Ended June 30, 2020
		Net Revenues				Gross Profit				Gross Profit Margin				Operating Income				Operating Income Margin
Reported (GAAP)		$	5,911			$	2,331				39.4	%		$	713				12.1	%
Simplify to Grow Program			—				15								76
Intangible asset impairment charges			—				—								90
Mark-to-market (gains)/losses from derivatives			—				1								2
Acquisition integration costs			—				—								2
Acquisition-related costs			—				—								10
Divestiture-related costs			—				(1	)							(2	)
Costs associated with JDE Peet’s transaction			—				—								48
Remeasurement of net monetary position			—				—								3
Rounding			—				1								—
Adjusted (Non-GAAP)		$	5,911			$	2,347				39.7	%		$	942				15.9	%
						Gross Profit								Operating Income
$ Change—Reported (GAAP)						$	300							$	159
$ Change—Adjusted (Non-GAAP)							302								135
$ Change—Adjusted (Non-GAAP)—As Recast							301								133
$ Change—Adjusted @ Constant FX (Non-GAAP)—As Recast							167								66
% Change—Reported (GAAP)							12.9	%							22.3	%
% Change—Adjusted (Non-GAAP)							12.9	%							14.3	%
% Change—Adjusted (Non-GAAP)—As Recast							12.8	%							14.1	%
% Change—Adjusted @ Constant FX (Non-GAAP)—As Recast							7.1	%							7.0	%

Schedule 2.a

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Segment Data

(in millions of U.S. dollars)

(Unaudited)

		For the Nine Months Ended September 30, 2021
		Latin America				AMEA				Europe				North America				Unrealized G/(L) on Hedging Activities				General Corporate Expenses				Amortization of Intangibles				Other Items				Mondelēz International
Net Revenue
Reported (GAAP)		$	2,089			$	4,826			$	8,035			$	6,112			$	—			$	—			$	—			$	—			$	21,062
Divestitures			—				—				—				—				—				—				—				—				—
Adjusted (Non-GAAP)		$	2,089			$	4,826			$	8,035			$	6,112			$	—			$	—			$	—			$	—			$	21,062
Max Foods			—				(30	)			—				—				—				—				—				—				(30	)
Adjusted (Non-GAAP)—As Recast		$	2,089			$	4,796			$	8,035			$	6,112			$	—			$	—			$	—			$	—			$	21,032
Operating Income
Reported (GAAP)		$	221			$	842			$	1,478			$	932			$	270			$	(177	)		$	(102	)		$	(15	)		$	3,449
Simplify to Grow Program			11				(11	)			34				328				—				19				—				—				381
Intangible asset impairment charges			—				—				—				32				—				—				—				—				32
Mark-to-market (gains)/losses from derivatives			—				—				—				—				(270	)			—				—				—				(270	)
Acquisition integration costs and contingent consideration adjustments			—				—				6				(60	)			—				—				—				—				(54	)
Acquisition-related costs			—				—				—				—				—				—				—				24				24
Gain on acquisition			—				—				—				—				—				—				—				(9	)			(9	)
Remeasurement of net monetary position			10				—				—				—				—				—				—				—				10
Impact from pension participation changes			—				—				47				—				—				—				—				—				47
Impact from resolution of tax matters			(5	)			—				—				—				—				—				—				—				(5	)
Adjusted (Non-GAAP)		$	237			$	831			$	1,565			$	1,232			$	—			$	(158	)		$	(102	)		$	—			$	3,605
Operating income from Max Foods			—				(5	)			—				—				—				—				—				—				(5	)
Adjusted (Non-GAAP)—As Recast		$	237			$	826			$	1,565			$	1,232			$	—			$	(158	)		$	(102	)		$	—			$	3,600
Currency			19				(50	)			(100	)			(8	)			—				6				4				—				(129	)
Adjusted @ Constant FX (Non-GAAP)—As Recast		$	256			$	776			$	1,465			$	1,224			$	—			$	(152	)		$	(98	)		$	—			$	3,471
% Change—Reported (GAAP)			48.3	%			36.9	%			23.1	%			(21.8	)%			n/m				30.0	%			28.7	%			n/m				27.6	%
% Change—Adjusted (Non-GAAP)			24.7	%			25.7	%			16.3	%			(6.4	)%			n/m				(0.6	)%			28.7	%			n/m				12.2	%
% Change—Adjusted (Non-GAAP)—As Recast			24.7	%			25.0	%			16.3	%			(6.4	)%			n/m				(0.6	)%			28.7	%			n/m				12.0	%
% Change—Adjusted @ Constant FX (Non-GAAP)—As Recast			34.7	%			17.4	%			8.8	%			(7.0	)%			n/m				3.2	%			31.5	%			n/m				8.0	%
Operating Income Margin
Reported %			10.6	%			17.4	%			18.4	%			15.2	%																			16.4	%
Reported pp change			2.5	pp			2.8	pp			1.8	pp			(4.7	)pp																			2.4	pp
Adjusted %			11.3	%			17.2	%			19.5	%			20.2	%																			17.1	%
Adjusted pp change			1.0	pp			1.5	pp			0.9	pp			(1.8	)pp																			0.4	pp
Adjusted %—As Recast			11.3	%			17.2	%			19.5	%			20.2	%																			17.1	%
Adjusted pp change—As Recast			1.0	pp			1.5	pp			0.9	pp			(1.8	)pp																			0.4	pp

		For the Nine Months Ended September 30, 2020
		Latin America				AMEA				Europe				North America				Unrealized G/(L) on Hedging Activities				General Corporate Expenses				Amortization of Intangibles				Other Items				Mondelēz International
Net Revenue
Reported (GAAP)		$	1,847			$	4,209			$	7,248			$	5,979			$	—			$	—			$	—			$	—			$	19,283
Divestitures			—				—				—				—				—				—				—				—				—
Adjusted (Non-GAAP)		$	1,847			$	4,209			$	7,248			$	5,979			$	—			$	—			$	—			$	—			$	19,283
Operating Income
Reported (GAAP)		$	149			$	615			$	1,201			$	1,192			$	(42	)		$	(253	)		$	(143	)		$	(15	)		$	2,704
Simplify to Grow Program			31				37				92				39				—				49				—				—				248
Intangible asset impairment charges			3				5				53				83				—				—				—				—				144
Mark-to-market (gains)/losses from derivatives			—				—				—				—				42				—				—				—				42
Acquisition integration costs			—				—				—				2				—				—				—				—				2
Acquisition-related costs			—				—				—				—				—				—				—				15				15
Divestiture-related costs			—				4				—				—				—				—				—				—				4
Costs associated with JDE Peet’s transaction			—				—				—				—				—				48				—				—				48
Remeasurement of net monetary position			7				—				—				—				—				—				—				—				7
Rounding			—				—				—				—				—				(1	)			—				—				(1	)
Adjusted (Non-GAAP)		$	190			$	661			$	1,346			$	1,316			$	—			$	(157	)		$	(143	)		$	—			$	3,213
Operating Income Margin
Reported %			8.1	%			14.6	%			16.6	%			19.9	%																			14.0	%
Adjusted %			10.3	%			15.7	%			18.6	%			22.0	%																			16.7	%

Schedule 2.b

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Segment Data

(in millions of U.S. dollars)

(Unaudited)

		For the Three Months Ended September 30, 2021
		Latin America				AMEA				Europe				North America				Unrealized G/(L) on Hedging Activities				General Corporate Expenses				Amortization of Intangibles				Other Items				Mondelēz International
Net Revenue
Reported (GAAP)		$	751			$	1,629			$	2,714			$	2,088			$	—			$	—			$	—			$	—			$	7,182
Divestitures			—				—				—				—				—				—				—				—				—
Adjusted (Non-GAAP)		$	751			$	1,629			$	2,714			$	2,088			$	—			$	—			$	—			$	—			$	7,182
Max Foods			—				(16	)			—				—				—				—				—				—				(16	)
Adjusted (Non-GAAP)—As Recast		$	751			$	1,613			$	2,714			$	2,088			$	—			$	—			$	—			$	—			$	7,166
Operating Income
Reported (GAAP)		$	91			$	267			$	508			$	363			$	132			$	(35	)		$	(32	)		$	—			$	1,294
Simplify to Grow Program			1				3				8				108				—				7				—				—				127
Mark-to-market (gains)/losses from derivatives			—				—				—				—				(132	)			—				—				—				(132	)
Acquisition integration costs and contingent consideration adjustments			—				—				6				(62	)			—				(1	)			—				—				(57	)
Remeasurement of net monetary position			2				—				—				—				—				—				—				—				2
Impact from pension participation changes			—				—				2				—				—				—				—				—				2
Adjusted (Non-GAAP)		$	94			$	270			$	524			$	409			$	—			$	(29	)		$	(32	)		$	—			$	1,236
Operating income from Max Foods			—				(3	)			—				—				—				—				—				—				(3	)
Adjusted (Non-GAAP) —As Recast		$	94			$	267			$	524			$	409			$	—			$	(29	)		$	(32	)		$	—			$	1,233
Currency			5				(7	)			(12	)			(1	)			—				(4	)			1				—				(18	)
Adjusted @ Constant FX (Non-GAAP) —As Recast		$	99			$	260			$	512			$	408			$	—			$	(33	)		$	(31	)		$	—			$	1,215
% Change —Reported (GAAP)			18.2	%			27.1	%			17.6	%			(6.2	)%			n/m				47.0	%			36.0	%			n/m				14.0	%
% Change —Adjusted (Non-GAAP)			8.0	%			11.1	%			6.9	%			(9.5	)%			n/m				49.1	%			36.0	%			n/m				6.1	%
% Change —Adjusted (Non-GAAP) — As Recast			8.0	%			9.9	%			6.9	%			(9.5	)%			n/m				49.1	%			36.0	%			n/m				5.8	%
% Change —Adjusted @ Constant FX (Non-GAAP) —As Recast			13.8	%			7.0	%			4.5	%			(9.7	)%			n/m				42.1	%			38.0	%			n/m				4.3	%
Operating Income Margin
Reported %			12.1	%			16.4	%			18.7	%			17.4	%																			18.0	%
Reported pp change			(0.5	)pp			2.1	pp			1.6	pp			(1.4	)pp																			1.0	pp
Adjusted %			12.5	%			16.6	%			19.3	%			19.6	%																			17.2	%
Adjusted pp change			(1.8	)pp			0.1 pp				(0.1	)pp			(2.4	)pp																			(0.3	)pp
Adjusted %—As Recast			12.5	%			16.4	%			19.3	%			19.6	%																			17.2	%
Adjusted pp change—As Recast			(1.8	)pp			(0.1	)pp			(0.1	)pp			(2.4	)pp																			(0.3	)pp

		For the Three Months Ended September 30, 2020
		Latin America				AMEA				Europe				North America				Unrealized G/(L) on Hedging Activities				General Corporate Expenses				Amortization of Intangibles				Other Items				Mondelēz International
Net Revenue
Reported (GAAP)		$	610			$	1,470			$	2,526			$	2,059			$	—			$	—			$	—			$	—			$	6,665
Divestitures			—				—				—				—				—				—				—				—				—
Adjusted (Non-GAAP)		$	610			$	1,470			$	2,526			$	2,059			$	—			$	—			$	—			$	—			$	6,665
Operating Income
Reported (GAAP)		$	77			$	210			$	432			$	387			$	145			$	(66	)		$	(50	)		$	—			$	1,135
Simplify to Grow Program			5				27				55				18				—				9				—				—				114
Intangible asset impairment charges			3				—				3				47				—				1				—				—				54
Mark-to-market (gains)/losses from derivatives			—				—				—				—				(145	)			—				—				—				(145	)
Divestiture-related costs			—				6				—				—				—				—				—				—				6
Remeasurement of net monetary position			2				—				—				—				—				—				—				—				2
Rounding			—				—				—				—				—				(1	)			—				—				(1	)
Adjusted (Non-GAAP)		$	87			$	243			$	490			$	452			$	—			$	(57	)		$	(50	)		$	—			$	1,165
Operating Income Margin
Reported %			12.6	%			14.3	%			17.1	%			18.8	%																			17.0	%
Adjusted %			14.3	%			16.5	%			19.4	%			22.0	%																			17.5	%

Schedule 2.c

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Segment Data

(in millions of U.S. dollars)

(Unaudited)

		For the Three Months Ended June 30, 2021
		Latin America				AMEA				Europe				North America				Unrealized G/(L) on Hedging Activities				General Corporate Expenses				Amortization of Intangibles				Other Items				Mondelēz International
Net Revenue
Reported (GAAP)		$	669			$	1,452			$	2,474			$	2,047			$	—			$	—			$	—			$	—			$	6,642
Divestitures			—				—				—				—				—				—				—				—				—
Adjusted (Non-GAAP)		$	669			$	1,452			$	2,474			$	2,047			$	—			$	—			$	—			$	—			$	6,642
Max Foods			—				(14	)			—				—				—				—				—				—				(14	)
Adjusted (Non-GAAP)—As Recast		$	669			$	1,438			$	2,474			$	2,047			$	—			$	—			$	—			$	—			$	6,628
Operating Income
Reported (GAAP)		$	54			$	213			$	413			$	299			$	20			$	(78	)		$	(32	)		$	(17	)		$	872
Simplify to Grow Program			4				5				10				109				—				4				—				—				132
Intangible asset impairment charges			—				—				—				32				—				—				—				—				32
Mark-to-market (gains)/losses from derivatives			—				—				—				—				(20	)			—				—				—				(20	)
Acquisition integration costs and contingent consideration adjustments			—				—				—				1				—				1				—				—				2
Acquisition-related costs			—				—				—				—				—				—				—				17				17
Remeasurement of net monetary position			3				—				—				—				—				—				—				—				3
Impact from pension participation changes			—				—				44				—				—				—				—				—				44
Impact from resolution of tax matters			(5	)			—				—				—				—				—				—				—				(5	)
Adjusted (Non-GAAP)		$	56			$	218			$	467			$	441			$	—			$	(73	)		$	(32	)		$	—			$	1,077
Operating income from Max Foods			—				(2	)			—				—				—				—				—				—				(2	)
Adjusted (Non-GAAP)—As Recast		$	56			$	216			$	467			$	441			$	—			$	(73	)		$	(32	)		$	—			$	1,075
Currency			1				(23	)			(45	)			(5	)			—				4				1				—				(67	)
Adjusted @ Constant FX (Non-GAAP)—As Recast		$	57			$	193			$	422			$	436			$	—			$	(69	)		$	(31	)		$	—			$	1,008
% Change—Reported (GAAP)			1000.0	%			24.6	%			39.1	%			(29.5	)%			n/m				29.7	%			36.0	%			n/m				22.3	%
% Change—Adjusted (Non-GAAP)			366.7	%			19.8	%			27.2	%			(6.2	)%			n/m				(87.2	)%			36.0	%			n/m				14.3	%
% Change—Adjusted (Non-GAAP)—As Recast			366.7	%			18.7	%			27.2	%			(6.2	)%			n/m				(87.2	)%			36.0	%			n/m				14.1	%
% Change—Adjusted @ Constant FX (Non-GAAP)—As Recast			375.0	%			6.0	%			15.0	%			(7.2	)%			n/m				(76.9	)%			38.0	%			n/m				7.0	%
Operating Income Margin
Reported %			8.1	%			14.7	%			16.7	%			14.6	%																			13.1	%
Reported pp change			9.3	pp			0.9	pp			2.8	pp			(6.3	)pp																			1.0	pp
Adjusted %			8.4	%			15.0	%			18.9	%			21.5	%																			16.2	%
Adjusted pp change			6.1	pp			0.3	pp			1.7	pp			(1.7	)pp																			0.3	pp
Adjusted %—As Recast			8.4	%			15.0	%			18.9	%			21.5	%																			16.2	%
Adjusted pp change—As Recast			6.1	pp			0.3	pp			1.7	pp			(1.7	)pp																			0.3	pp

		For the Three Months Ended June 30, 2020
		Latin America				AMEA				Europe				North America				Unrealized G/(L) on Hedging Activities				General Corporate Expenses				Amortization of Intangibles				Other Items				Mondelēz International
Net Revenue
Reported (GAAP)		$	511			$	1,237			$	2,138			$	2,025			$	—			$	—			$	—			$	—			$	5,911
Divestitures			—				—				—				—				—				—				—				—				—
Adjusted (Non-GAAP)		$	511			$	1,237			$	2,138			$	2,025			$	—			$	—			$	—			$	—			$	5,911
Operating Income
Reported (GAAP)		$	(6	)		$	171			$	297			$	424			$	(2	)		$	(111	)		$	(50	)		$	(10	)		$	713
Simplify to Grow Program			15				8				20				9				—				24				—				—				76
Intangible asset impairment charges			—				5				50				36				—				(1	)			—				—				90
Mark-to-market (gains)/losses from derivatives			—				—				—				—				2				—				—				—				2
Acquisition integration costs			—				—				—				1				—				1				—				—				2
Acquisition-related costs			—				—				—				—				—				—				—				10				10
Divestiture-related costs			—				(2	)			—				—				—				—				—				—				(2	)
Costs associated with JDE Peet’s transaction			—				—				—				—				—				48				—				—				48
Remeasurement of net monetary position			3				—				—				—				—				—				—				—				3
Adjusted (Non-GAAP)		$	12			$	182			$	367			$	470			$	—			$	(39	)		$	(50	)		$	—			$	942
Operating Income Margin
Reported %			(1.2	)%			13.8	%			13.9	%			20.9	%																			12.1	%
Adjusted %			2.3	%			14.7	%			17.2	%			23.2	%																			15.9	%

Schedule 3.a

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Nine Months Ended September 30, 2021
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non-controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	3,449			$	(135	)		$	358			$	3,226			$	952				29.5	%		$	(745	)		$	(290	)		$	12			$	3,297			$	2.33
Simplify to Grow Program			381				(1	)			—				382				98								—				—				—				284				0.20
Intangible asset impairment charges			32				—				—				32				8								—				—				—				24				0.02
Mark-to-market (gains)/losses from derivatives			(270	)			—				(4	)			(266	)			(42	)							2				—				—				(226	)			(0.16	)
Acquisition integration costs and contingent consideration adjustments			(54	)			—				—				(54	)			(14	)							—				—				—				(40	)			(0.03	)
Acquisition-related costs			24				—				—				24				4								—				—				—				20				0.01
Gain on acquisition			(9	)			—				—				(9	)			(2	)							—				—				—				(7	)			—
Net earnings from divestitures			—				—				—				—				(4	)							—				16				—				(12	)			(0.01	)
Remeasurement of net monetary position			10				—				—				10				—								—				—				—				10				0.01
Impact from pension participation changes			47				17				(8	)			38				8								—				—				—				30				0.02
Impact from resolution of tax matters			(5	)			—				2				(7	)			(1	)							—				—				—				(6	)			—
Loss on debt extinguishment and related expenses			—				—				(137	)			137				34								—				—				—				103				0.07
Initial impacts from enacted tax law changes			—				—				—				—				(95	)							—				—				—				95				0.07
Gain on equity method investment transactions			—				—				—				—				(184	)							743				—				—				(559	)			(0.40	)
Equity method investee items			—				—				—				—				4								—				(60	)			—				56				0.04
Adjusted (Non-GAAP)		$	3,605			$	(119	)		$	211			$	3,513			$	766				21.8	%		$	—			$	(334	)		$	12			$	3,069			$	2.17
Net earnings from Max Foods			(5	)			—				—				(5	)			(2	)							—				—				—				(3	)			—
Net earnings from divestitures—KDP			—				—				—				—				(3	)							—				13				—				(10	)			(0.01	)
Change in equity method investee items			—				—				—				—				(1	)							—				3				—				(2	)			—
Adjusted (Non-GAAP)—As Recast		$	3,600			$	(119	)		$	211			$	3,508			$	760				21.7	%		$	—			$	(318	)		$	12			$	3,054			$	2.16
Currency																																							(132	)			(0.09	)
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	2,922			$	2.07
Diluted Average Shares Outstanding																																											1,415

		For the Nine Months Ended September 30, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non-controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	2,704			$	(102	)		$	364			$	2,442			$	880				36.0	%		$	(537	)		$	(311	)		$	11			$	2,399			$	1.66
Simplify to Grow Program			248				(4	)			—				252				55								—				—				—				197				0.14
Intangible asset impairment charges			144				—				—				144				33								—				—				—				111				0.08
Mark-to-market (gains)/losses from derivatives			42				—				4				38				5								—				—				—				33				0.03
Acquisition integration costs			2				—				—				2				—								—				—				—				2				—
Acquisition-related costs			15				—				—				15				—								—				—				—				15				0.01
Divestiture-related costs			4				—				—				4				—								—				—				—				4				—
Net earnings from divestitures			—				—				—				—				(17	)							—				80				—				(63	)			(0.04	)
Costs associated with JDE Peet’s transaction			48				—				—				48				(261	)							—				—				—				309				0.21
Remeasurement of net monetary position			7				—				—				7				—								—				—				—				7				—
Impact from pension participation changes			—				—				(9	)			9				2								—				—				—				7				0.01
Loss related to interest rate swaps			—				—				(103	)			103				24								—				—				—				79				0.05
Initial impacts from enacted tax law changes			—				—				—				—				(30	)							—				—				—				30				0.02
Gain on equity method investment transactions			—				—				—				—				(94	)							537				—				—				(443	)			(0.31	)
Equity method investee items			—				—				—				—				5								—				(69	)			—				64				0.05
Rounding			(1	)			—				—				(1	)			—								—				—				—				(1	)			—
Adjusted (Non-GAAP)		$	3,213			$	(106	)		$	256			$	3,063			$	602				19.7	%		$	—			$	(300	)		$	11			$	2,750			$	1.91
Net earnings from divestitures—KDP			—				—				—				—				(3	)							—				10				—				(7	)			(0.01	)
Change in equity method investee items			—				—				—				—				(1	)							—				3				—				(2	)			—
Adjusted (Non-GAAP)—As Recast		$	3,213			$	(106	)		$	256			$	3,063			$	598				19.5	%		$	—			$	(287	)		$	11			$	2,741			$	1.90
Diluted Average Shares Outstanding																																											1,442

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.b

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Three Months Ended September 30, 2021
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non-controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	1,294			$	(37	)		$	82			$	1,249			$	342				27.4	%		$	(250	)		$	(105	)		$	4			$	1,258			$	0.89
Simplify to Grow Program			127				—				—				127				32								—				—				—				95				0.06
Mark-to-market (gains)/losses from derivatives			(132	)			—				—				(132	)			(24	)							2				—				—				(110	)			(0.08	)
Acquisition integration costs and contingent consideration adjustments			(57	)			—				—				(57	)			(15	)							—				—				—				(42	)			(0.03	)
Remeasurement of net monetary position			2				—				—				2				—								—				—				—				2				—
Impact from pension participation changes			2				3				(2	)			1				—								—				—				—				1				—
Initial impacts from enacted tax law changes			—				—				—				—				4								—				—				—				(4	)			—
Gain on equity method investment transactions			—				—				—				—				(59	)							248				—				—				(189	)			(0.13	)
Equity method investee items			—				—				—				—				1								—				4				—				(5	)			—
Adjusted (Non-GAAP)		$	1,236			$	(34	)		$	80			$	1,190			$	281				23.6	%		$	—			$	(101	)		$	4			$	1,006			$	0.71
Net earnings from Max Foods			(3	)			—				—				(3	)			(2	)							—				—				—				(1	)			—
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				5				—				(4	)			—
Change in equity method investee items			—				—				—				—				(1	)							—				1				—				—				—
Adjusted (Non-GAAP)—As Recast		$	1,233			$	(34	)		$	80			$	1,187			$	277				23.3	%		$	—			$	(95	)		$	4			$	1,001			$	0.71
Currency																																							(23	)			(0.02	)
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	978			$	0.69
Diluted Average Shares Outstanding																																											1,408

		For the Three Months Ended September 30, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non-controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	1,135			$	(38	)		$	89			$	1,084			$	391				36.1	%		$	(345	)		$	(84	)		$	3			$	1,119			$	0.78
Simplify to Grow Program			114				—				—				114				22								—				—				—				92				0.06
Intangible asset impairment charges			54				—				—				54				12								—				—				—				42				0.03
Mark-to-market (gains)/losses from derivatives			(145	)			—				3				(148	)			(27	)							—				—				—				(121	)			(0.08	)
Acquisition-related costs			—				—				—				—				(3	)							—				—				—				3				—
Divestiture-related costs			6				—				—				6				—								—				—				—				6				—
Net earnings from divestitures			—				—				—				—				(8	)							—				24				—				(16	)			(0.01	)
Remeasurement of net monetary position			2				—				—				2				—								—				—				—				2				—
Impact from pension participation changes			—				—				(3	)			3				1								—				—				—				2				—
Initial impacts from enacted tax law changes			—				—				—				—				(30	)							—				—				—				30				0.02
Gain on equity method investment transactions			—				—				—				—				(77	)							345				—				—				(268	)			(0.19	)
Equity method investee items			—				—				—				—				1								—				(35	)			—				34				0.03
Rounding			(1	)			—				—				(1	)			—								—				—				—				(1	)			—
Adjusted (Non-GAAP)		$	1,165			$	(38	)		$	89			$	1,114			$	282				25.3	%		$	—			$	(95	)		$	3			$	924			$	0.64
Net earnings from divestitures—KDP			—				—				—				—				(2	)							—				4				—				(2	)			—
Change in equity method investee items			—				—				—				—				(1	)							—				1				—				—				—
Adjusted (Non-GAAP)—As Recast		$	1,165			$	(38	)		$	89			$	1,114			$	279				25.0	%		$	—			$	(90	)		$	3			$	922			$	0.64
Diluted Average Shares Outstanding																																											1,442

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.c

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Three Months Ended June 30, 2021
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	872			$	(54	)		$	58			$	868			$	398				45.9	%		$	(502	)		$	(107	)		$	1			$	1,078			$	0.76
Simplify to Grow Program			132				(1	)			—				133				35								—				—				—				98				0.07
Intangible asset impairment charges			32				—				—				32				8								—				—				—				24				0.02
Mark-to-market (gains)/losses from derivatives			(20	)			—				(3	)			(17	)			4								—				—				—				(21	)			(0.02	)
Acquisition integration costs and contingent consideration adjustments			2				—				—				2				1								—				—				—				1				—
Acquisition-related costs			17				—				—				17				3								—				—				—				14				0.01
Net earnings from divestitures			—				—				—				—				(2	)							—				7				—				(5	)			—
Remeasurement of net monetary position			3				—				—				3				—								—				—				—				3				—
Impact from pension participation changes			44				14				(3	)			33				7								—				—				—				26				0.02
Impact from resolution of tax matters			(5	)			—				2				(7	)			(1	)							—				—				—				(6	)			—
Initial impacts from enacted tax law changes			—				—				—				—				(95	)							—				—				—				95				0.07
Gain on equity method investment transactions			—				—				—				—				(125	)							502				—				—				(377	)			(0.27	)
Equity method investee items			—				—				—				—				2								—				(6	)			—				4				—
Adjusted (Non-GAAP)		$	1,077			$	(41	)		$	54			$	1,064			$	235				22.1	%		$	—			$	(106	)		$	1			$	934			$	0.66
Net earnings from Max Foods			(2	)			—				—				(2	)			—								—				—				—				(2	)			—
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				3				—				(2	)			—
Change in equity method investee items			—				—				—				—				(1	)							—				1				—				—				—
Adjusted (Non-GAAP)—As Recast		$	1,075			$	(41	)		$	54			$	1,062			$	233				21.9	%		$	—			$	(102	)		$	1			$	930			$	0.66
Currency																																							(59	)			(0.04	)
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	871			$	0.62
Diluted Average Shares Outstanding																																											1,416

		For the Three Months Ended June 30, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	713			$	(31	)		$	85			$	659			$	341				51.7	%		$	(121	)		$	(106	)		$	1			$	544			$	0.38
Simplify to Grow Program			76				(4	)			—				80				20								—				—				—				60				0.04
Intangible asset impairment charges			90				—				—				90				21								—				—				—				69				0.05
Mark-to-market (gains)/losses from derivatives			2				—				—				2				—								—				—				—				2				—
Acquisition integration costs			2				—				—				2				—								—				—				—				2				—
Acquisition-related costs			10				—				—				10				2								—				—				—				8				0.01
Divestiture-related costs			(2	)			—				—				(2	)			—								—				—				—				(2	)			—
Net earnings from divestitures			—				—				—				—				(2	)							—				20				—				(18	)			(0.01	)
Costs associated with JDE Peet’s transaction			48				—				—				48				(261	)							—				—				—				309				0.21
Remeasurement of net monetary position			3				—				—				3				—								—				—				—				3				—
Impact from pension participation changes			—				—				(3	)			3				—								—				—				—				3				—
Gain on equity method investment transactions			—				—				—				—				—								121				—				—				(121	)			(0.08	)
Equity method investee items			—				—				—				—				4								—				(19	)			—				15				0.01
Adjusted (Non-GAAP)		$	942			$	(35	)		$	82			$	895			$	125				14.0	%		$	—			$	(105	)		$	1			$	874			$	0.61
Net earnings from divestitures—KDP			—				—				—				—				—								—				2				—				(2	)			(0.01	)
Change in equity method investee items			—				—				—				—				—								—				2				—				(2	)			—
Adjusted (Non-GAAP)—As Recast		$	942			$	(35	)		$	82			$	895			$	125				14.0	%		$	—			$	(101	)		$	1			$	870			$	0.60
Diluted Average Shares Outstanding																																											1,439

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.d

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Three Months Ended March 31, 2021
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Loss on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	1,283			$	(44	)		$	218			$	1,109			$	212				19.1	%		$	7			$	(78	)		$	7			$	961			$	0.68
Simplify to Grow Program			122				—				—				122				31								—				—				—				91				0.07
Mark-to-market (gains)/losses from derivatives			(118	)			—				(1	)			(117	)			(22	)							—				—				—				(95	)			(0.07	)
Acquisition integration costs and contingent consideration adjustments			1				—				—				1				—								—				—				—				1				—
Acquisition-related costs			7				—				—				7				1								—				—				—				6				0.01
Gain on acquisition			(9	)			—				—				(9	)			(2	)							—				—				—				(7	)			—
Net earnings from divestitures			—				—				—				—				(2	)							—				9				—				(7	)			(0.01	)
Remeasurement of net monetary position			5				—				—				5				—								—				—				—				5				—
Impact from pension participation changes			1				—				(3	)			4				1								—				—				—				3				—
Loss on debt extinguishment and related expenses			—				—				(137	)			137				34								—				—				—				103				0.07
Initial impacts from enacted tax law changes			—				—				—				—				(4	)							—				—				—				4				—
Loss on equity method investment transactions			—				—				—				—				—								(7	)			—				—				7				—
Equity method investee items			—				—				—				—				1								—				(58	)			—				57				0.04
Adjusted (Non-GAAP)		$	1,292			$	(44	)		$	77			$	1,259			$	250				19.9	%		$	—			$	(127	)		$	7			$	1,129			$	0.79
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				5				—				(4	)			—
Change in equity method investee items			—				—				—				—				1								—				1				—				(2	)			—
Adjusted (Non-GAAP)—As Recast		$	1,292			$	(44	)		$	77			$	1,259			$	250				19.9	%		$	—			$	(121	)		$	7			$	1,123			$	0.79
Currency																																							(50	)			(0.04	)
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	1,073			$	0.75
Diluted Average Shares Outstanding																																											1,422

		For the Three Months Ended March 31, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	856			$	(33	)		$	190			$	699			$	148				21.2	%		$	(71	)		$	(121	)		$	7			$	736			$	0.51
Simplify to Grow Program			58				—				—				58				13								—				—				—				45				0.03
Mark-to-market (gains)/losses from derivatives			185				—				1				184				32								—				—				—				152				0.11
Acquisition-related costs			5				—				—				5				1								—				—				—				4				—
Net earnings from divestitures			—				—				—				—				(7	)							—				36				—				(29	)			(0.01	)
Remeasurement of net monetary position			2				—				—				2				—								—				—				—				2				—
Impact from pension participation changes			—				—				(3	)			3				1								—				—				—				2				—
Loss related to interest rate swaps			—				—				(103	)			103				24								—				—				—				79				0.05
Gain on equity method investment transactions			—				—				—				—				(17	)							71				—				—				(54	)			(0.04	)
Equity method investee items			—				—				—				—				—								—				(15	)			—				15				0.01
Adjusted (Non-GAAP)		$	1,106			$	(33	)		$	85			$	1,054			$	195				18.5	%		$	—			$	(100	)		$	7			$	952			$	0.66
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				4				—				(3	)			—
Change in equity method investee items			—				—				—				—				—								—				—				—				—				—
Adjusted (Non-GAAP)—As Recast		$	1,106			$	(33	)		$	85			$	1,054			$	194				18.4	%		$	—			$	(96	)		$	7			$	949			$	0.66
Diluted Average Shares Outstanding																																											1,445

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.e

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Twelve Months Ended December 31, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	3,853			$	(138	)		$	608			$	3,383			$	1,224				36.2	%		$	(989	)		$	(421	)		$	14			$	3,555			$	2.47
Simplify to Grow Program			360				(3	)			—				363				81								—				—				—				282				0.20
Intangible asset impairment charges			144				—				—				144				33								—				—				—				111				0.08
Mark-to-market (gains)/losses from derivatives			(16	)			—				3				(19	)			(8	)							—				—				—				(11	)			(0.01	)
Acquisition integration costs			4				—				—				4				2								—				—				—				2				—
Acquisition-related costs			15				—				—				15				—								—				—				—				15				0.01
Divestiture-related costs			4				—				—				4				—								—				—				—				4				—
Net earnings from divestitures			—				—				—				—				(22	)							—				102				—				(80	)			(0.06	)
Costs associated with JDE Peet’s transaction			48				—				—				48				(250	)							—				—				—				298				0.20
Remeasurement of net monetary position			9				—				—				9				—								—				—				—				9				0.01
Impact from pension participation changes			—				—				(11	)			11				2								—				—				—				9				0.01
Impact from resolution of tax matters			(20	)			—				28				(48	)			(16	)							—				—				—				(32	)			(0.02	)
Loss related to interest rate swaps			—				—				(103	)			103				24								—				—				—				79				0.05
Loss on debt extinguishment and related expenses			—				—				(185	)			185				46								—				—				—				139				0.10
Initial impacts from enacted tax law changes			—				—				—				—				(36	)							—				—				—				36				0.02
Gain on equity method investment transactions			—				—				—				—				(202	)							989				—				—				(787	)			(0.55	)
Equity method investee items			—				—				—				—				5								—				(84	)			—				79				0.06
Adjusted (Non-GAAP)		$	4,401			$	(141	)		$	340			$	4,202			$	883				21.0	%		$	—			$	(403	)		$	14			$	3,708			$	2.57
Net earnings from divestitures—KDP			—				—				—				—				(4	)							—				15				—				(11	)			(0.01	)
Change in equity method investee items			—				—				—				—				(1	)							—				4				—				(3	)			—
Adjusted (Non-GAAP)—As Recast		$	4,401			$	(141	)		$	340			$	4,202			$	878				20.9	%		$	—			$	(384	)		$	14			$	3,694			$	2.56
Currency																																							49				0.04
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	3,743			$	2.60
Diluted Average Shares Outstanding																																											1,441

		For the Twelve Months Ended December 31, 2019
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Loss on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	3,843			$	(60	)		$	456			$	3,447			$	2				0.1	%		$	2			$	(501	)		$	15			$	3,929			$	2.69
Simplify to Grow Program			442				(6	)			—				448				103								—				—				—				345				0.24
Intangible asset impairment charges			57				—				—				57				14								—				—				—				43				0.03
Mark-to-market (gains)/losses from derivatives			(91	)			—				(1	)			(90	)			(19	)							—				—				—				(71	)			(0.05	)
Acquisition-related costs			3				—				—				3				1								—				—				—				2				—
Divestiture-related costs			6				—				—				6				—								—				—				—				6				—
Net earnings from divestitures			(9	)			—				—				(9	)			(20	)							—				118				—				(107	)			(0.08	)
Gain on divestitures			(44	)			—				—				(44	)			(3	)							—				—				—				(41	)			(0.03	)
Remeasurement of net monetary position			(4	)			—				—				(4	)			—								—				—				—				(4	)			—
Impact from pension participation changes			(35	)			—				(6	)			(29	)			(8	)							—				—				—				(21	)			(0.02	)
Impact from resolution of tax matters			85				—				—				85				21								—				—				—				64				0.05
CEO transition remuneration			9				—				—				9				—								—				—				—				9				0.01
Loss related to interest rate swaps			—				—				(111	)			111				—								—				—				—				111				0.08
Initial impacts from enacted tax law changes			2				—				—				2				754								—				—				—				(752	)			(0.52	)
Loss on equity method investment transactions			—				—				—				—				(6	)							(2	)			—				—				8				0.01
Equity method investee items			—				—				—				—				4								—				13				—				(17	)			(0.01	)
Adjusted (Non-GAAP)		$	4,264			$	(66	)		$	338			$	3,992			$	843				21.1	%		$	—			$	(370	)		$	15			$	3,504			$	2.40
Net earnings from divestitures—KDP			—				—				—				—				(3	)							—				12				—				(9	)			—
Change in equity method investee items			—				—				—				—				(1	)							—				4				—				(3	)			—
Adjusted (Non-GAAP)—As Recast		$	4,264			$	(66	)		$	338			$	3,992			$	839				21.0	%		$	—			$	(354	)		$	15			$	3,492			$	2.40
Diluted Average Shares Outstanding																																											1,458

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.f

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Three Months Ended December 31, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	1,149			$	(36	)		$	244			$	941			$	344				36.6	%		$	(452	)		$	(110	)		$	3			$	1,156			$	0.80
Simplify to Grow Program			112				1				—				111				26								—				—				—				85				0.06
Mark-to-market (gains)/losses from derivatives			(58	)			—				(1	)			(57	)			(13	)							—				—				—				(44	)			(0.03	)
Acquisition integration costs			2				—				—				2				2								—				—				—				—				—
Net earnings from divestitures			—				—				—				—				(5	)							—				22				—				(17	)			—
Costs associated with JDE Peet’s transaction			—				—				—				—				11								—				—				—				(11	)			(0.01	)
Remeasurement of net monetary position			2				—				—				2				—								—				—				—				2				—
Impact from pension participation changes			—				—				(2	)			2				—								—				—				—				2				—
Impact from resolution of tax matters			(20	)			—				28				(48	)			(16	)							—				—				—				(32	)			(0.02	)
Loss on debt extinguishment and related expenses			—				—				(185	)			185				46								—				—				—				139				0.10
Initial impacts from enacted tax law changes			—				—				—				—				(6	)							—				—				—				6				—
Gain on equity method investment transactions			—				—				—				—				(108	)							452				—				—				(344	)			(0.24	)
Equity method investee items			—				—				—				—				—								—				(15	)			—				15				0.01
Rounding			1				—				—				1				—								—				—				—				1				—
Adjusted (Non-GAAP)		$	1,188			$	(35	)		$	84			$	1,139			$	281				24.7	%		$	—			$	(103	)		$	3			$	958			$	0.67
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				5				—				(4	)			(0.01	)
Change in equity method investee items			—				—				—				—				—								—				1				—				(1	)			—
Adjusted (Non-GAAP)—As Recast		$	1,188			$	(35	)		$	84			$	1,139			$	280				24.6	%		$	—			$	(97	)		$	3			$	953			$	0.66
Currency																																							(25	)			(0.02	)
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	928			$	0.64
Diluted Average Shares Outstanding																																											1,439

		For the Three Months Ended December 31, 2019
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	906			$	(18	)		$	70			$	854			$	230				26.9	%		$	—			$	(112	)		$	3			$	733			$	0.50
Simplify to Grow Program			138				—				—				138				36								—				—				—				102				0.07
Mark-to-market (gains)/losses from derivatives			(22	)			—				1				(23	)			(5	)							—				—				—				(18	)			(0.01	)
Acquisition-related costs			1				—				—				1				—								—				—				—				1				—
Net earnings from divestitures			—				—				—				—				(5	)							—				29				—				(24	)			(0.02	)
Remeasurement of net monetary position			(6	)			—				—				(6	)			—								—				—				—				(6	)			—
Impact from pension participation changes			—				—				(3	)			3				1								—				—				—				2				—
Impact from resolution of tax matters			85				—				—				85				21								—				—				—				64				0.04
Initial impacts from enacted tax law changes			—				—				—				—				(1	)							—				—				—				1				—
Equity method investee items			—				—				—				—				1								—				(11	)			—				10				0.01
Rounding			(1	)			—				—				(1	)			—								—				2				—				(3	)			—
Adjusted (Non-GAAP)		$	1,101			$	(18	)		$	68			$	1,051			$	278				26.5	%		$	—			$	(92	)		$	3			$	862			$	0.59
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				3				—				(2	)			—
Change in equity method investee items			—				—				—				—				—								—				1				—				(1	)			—
Adjusted (Non-GAAP)—As Recast		$	1,101			$	(18	)		$	68			$	1,051			$	277				26.4	%		$	—			$	(88	)		$	3			$	859			$	0.59
Diluted Average Shares Outstanding																																											1,453

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.g

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Three Months Ended September 30, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	1,135			$	(38	)		$	89			$	1,084			$	391				36.1	%		$	(345	)		$	(84	)		$	3			$	1,119			$	0.78
Simplify to Grow Program			114				—				—				114				22								—				—				—				92				0.06
Intangible asset impairment charges			54				—				—				54				12								—				—				—				42				0.03
Mark-to-market (gains)/losses from derivatives			(145	)			—				3				(148	)			(27	)							—				—				—				(121	)			(0.08	)
Acquisition-related costs			—				—				—				—				(3	)							—				—				—				3				—
Divestiture-related costs			6				—				—				6				—								—				—				—				6				—
Net earnings from divestitures			—				—				—				—				(8	)							—				24				—				(16	)			(0.01	)
Remeasurement of net monetary position			2				—				—				2				—								—				—				—				2				—
Impact from pension participation changes			—				—				(3	)			3				1								—				—				—				2				—
Initial impacts from enacted tax law changes			—				—				—				—				(30	)							—				—				—				30				0.02
Gain on equity method investment transactions			—				—				—				—				(77	)							345				—				—				(268	)			(0.19	)
Equity method investee items			—				—				—				—				2								—				(37	)			—				35				0.03
Rounding			(1	)			—				—				(1	)			(1	)							—				2				—				(2	)			—
Adjusted (Non-GAAP)		$	1,165			$	(38	)		$	89			$	1,114			$	282				25.3	%		$	—			$	(95	)		$	3			$	924			$	0.64
Net earnings from divestitures—KDP			—				—				—				—				(2	)							—				4				—				(2	)			—
Change in equity method investee items			—				—				—				—				(1	)							—				1				—				—				—
Adjusted (Non-GAAP)—As Recast		$	1,165			$	(38	)		$	89			$	1,114			$	279				25.0	%		$	—			$	(90	)		$	3			$	922			$	0.64
Currency																																							3				—
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	925			$	0.64
Diluted Average Shares Outstanding																																											1,442

		For the Three Months Ended September 30, 2019
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	876			$	(13	)		$	205			$	684			$	(633	)			(92.5	)%		$	—			$	(114	)		$	5			$	1,426			$	0.98
Simplify to Grow Program			151				(1	)			—				152				29								—				—				—				123				0.08
Intangible asset impairment charges			57				—				—				57				14								—				—				—				43				0.03
Mark-to-market (gains)/losses from derivatives			(20	)			—				(2	)			(18	)			(8	)							—				—				—				(10	)			(0.01	)
Acquisition-related costs			1				—				—				1				1								—				—				—				—				—
Divestiture-related costs			(4	)			—				—				(4	)			(1	)							—				—				—				(3	)			—
Net earnings from divestitures			—				—				—				—				(5	)							—				29				—				(24	)			(0.02	)
Gain on divestitures			(3	)			—				—				(3	)			1								—				—				—				(4	)			—
Remeasurement of net monetary position			1				—				—				1				—								—				—				—				1				—
Impact from pension participation changes			—				—				(3	)			3				—								—				—				—				3				—
CEO transition remuneration			3				—				—				3				—								—				—				—				3				—
Loss related to interest rate swaps			—				—				(111	)			111				—								—				—				—				111				0.08
Initial impacts from enacted tax law changes			2				—				—				2				766								—				—				—				(764	)			(0.53	)
Equity method investee items			—				—				—				—				—								—				(5	)			—				5				0.01
Rounding			1				—				—				1				—								—				—				—				1				—
Adjusted (Non-GAAP)		$	1,065			$	(14	)		$	89			$	990			$	164				16.6	%		$	—			$	(90	)		$	5			$	911			$	0.62
Net earnings from divestitures—KDP			—				—				—				—				—								—				3				—				(3	)			—
Change in equity method investee items			—				—				—				—				(1	)							—				1				—				—				—
Adjusted (Non-GAAP)—As Recast		$	1,065			$	(14	)		$	89			$	990			$	163				16.5	%		$	—			$	(86	)		$	5			$	908			$	0.62
Diluted Average Shares Outstanding																																											1,458

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.h

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Three Months Ended June 30, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	713			$		(31)		$	85			$	659			$	341				51.7	%		$	(121	)			$ (106	)		$	1			$	544			$	0.38
Simplify to Grow Program			76				(4	)			—				80				20								—				—				—				60				0.04
Intangible asset impairment charges			90				—				—				90				21								—				—				—				69				0.05
Mark-to-market (gains)/losses from derivatives			2				—				—				2				—								—				—				—				2				—
Acquisition integration costs			2				—				—				2				—								—				—				—				2				—
Acquisition-related costs			10				—				—				10				2								—				—				—				8				0.01
Divestiture-related costs			(2	)			—				—				(2	)			—								—				—				—				(2	)			—
Net earnings from divestitures			—				—				—				—				(2	)							—				20				—				(18	)			(0.01	)
Costs associated with JDE Peet’s transaction			48				—				—				48				(261	)							—				—				—				309				0.21
Remeasurement of net monetary position			3				—				—				3				—								—				—				—				3				—
Impact from pension participation changes			—				—				(3	)			3				—								—				—				—				3				—
Gain on equity method investment transactions			—				—				—				—				—								121				—				—				(121	)			(0.08	)
Equity method investee items			—				—				—				—				4								—				(19	)			—				15				0.01
Adjusted (Non-GAAP)		$	942			$	(35	)		$	82			$	895			$	125				14.0	%		$	—			$	(105	)		$	1			$	874			$	0.61
Net earnings from divestitures—KDP			—				—				—				—				—								—				2				—				(2	)			(0.01	)
Change in equity method investee items			—				—				—				—				—								—				2				—				(2	)			—
Adjusted (Non-GAAP)—As Recast		$	942			$	(35	)		$	82			$	895			$	125				14.0	%		$	—			$	(101	)		$	1			$	870			$	0.60
Currency																																							28				0.02
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	898			$	0.62
Diluted Average Shares Outstanding																																											1,439

		For the Three Months Ended June 30, 2019
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Loss on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	1,025			$	(12	)		$	101			$	936			$	216				23.1	%		$	25			$	(109	)		$	1			$	803			$	0.55
Simplify to Grow Program			83				(5	)			—				88				19								—				—				—				69				0.05
Mark-to-market (gains)/losses from derivatives			(33	)			—				—				(33	)			(3	)							—				—				—				(30	)			(0.02	)
Acquisition-related costs			1				—				—				1				—								—				—				—				1				—
Divestiture-related costs			11				—				—				11				1								—				—				—				10				0.01
Net earnings from divestitures			(5	)			—				—				(5	)			(6	)							—				27				—				(26	)			(0.02	)
Gain on divestitures			(41	)			—				—				(41	)			(3	)							—				—				—				(38	)			(0.03	)
Remeasurement of net monetary position			(1	)			—				—				(1	)			—								—				—				—				(1	)			—
Impact from pension participation changes			(35	)			—				—				(35	)			(9	)							—				—				—				(26	)			(0.02	)
CEO transition remuneration			3				—				—				3				—								—				—				—				3				—
Initial impacts from enacted tax law changes			—				—				—				—				(10	)							—				—				—				10				0.01
Loss on equity method investment transactions			—				—				—				—				(2	)							(25	)			—				—				27				0.02
Equity method investee items			—				—				—				—				—								—				(5	)			—				5				—
Adjusted (Non-GAAP)		$	1,008			$	(17	)		$	101			$	924			$	203				22.0	%		$	—			$	(87	)		$	1			$	807			$	0.55
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				3				—				(2	)			—
Change in equity method investee items			—				—				—				—				(1	)							—				—				—				1				—
Adjusted (Non-GAAP)—As Recast		$	1,008			$	(17	)		$	101			$	924			$	201				21.8	%		$	—			$	(84	)		$	1			$	806			$	0.55
Diluted Average Shares Outstanding																																											1,458

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.i

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Three Months Ended March 31, 2020
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	856			$	(33	)		$	190			$	699			$	148				21.2	%		$	(71	)		$	(121	)		$	7			$	736			$	0.51
Simplify to Grow Program			58				—				—				58				13								—				—				—				45				0.03
Mark-to-market (gains)/losses from derivatives			185				—				1				184				32								—				—				—				152				0.11
Acquisition-related costs			5				—				—				5				1								—				—				—				4				—
Net earnings from divestitures			—				—				—				—				(7	)							—				36				—				(29	)			(0.01	)
Remeasurement of net monetary position			2				—				—				2				—								—				—				—				2				—
Impact from pension participation changes			—				—				(3	)			3				1								—				—				—				2				—
Loss related to interest rate swaps			—				—				(103	)			103				24								—				—				—				79				0.05
Gain on equity method investment transactions			—				—				—				—				(17	)							71				—				—				(54	)			(0.04	)
Equity method investee items			—				—				—				—				—								—				(15	)			—				15				0.01
Adjusted (Non-GAAP)		$	1,106			$	(33	)		$	85			$	1,054			$	195				18.5	%		$	—			$	(100	)		$	7			$	952			$	0.66
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				4				—				(3	)			—
Change in equity method investee items			—				—				—				—				—								—				—				—				—				—
Adjusted (Non-GAAP)—As Recast		$	1,106			$	(33	)		$	85			$	1,054			$	194				18.4	%		$	—			$	(96	)		$	7			$	949			$	0.66
Currency																																							43				0.03
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	992			$	0.69
Diluted Average Shares Outstanding																																											1,445
		For the Three Months Ended March 31, 2019
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	1,036			$	(17	)		$	80			$	973			$	189				19.4	%		$	(23	)		$	(166	)		$	6			$	967			$	0.66
Simplify to Grow Program			70				—				—				70				19								—				—				—				51				0.04
Mark-to-market (gains)/losses from derivatives			(16	)			—				—				(16	)			(3	)							—				—				—				(13	)			(0.01	)
Divestiture-related costs			(1	)			—				—				(1	)			—								—				—				—				(1	)			—
Net earnings from divestitures			(4	)			—				—				(4	)			(4	)							—				33				—				(33	)			(0.02	)
Remeasurement of net monetary position			2				—				—				2				—								—				—				—				2				—
CEO transition remuneration			3				—				—				3				—								—				—				—				3				—
Initial impacts from enacted tax law changes			—				—				—				—				(1	)							—				—				—				1				—
Gain on equity method investment transactions			—				—				—				—				(5	)							23				—				—				(18	)			(0.01	)
Equity method investee items			—				—				—				—				3								—				32				—				(35	)			(0.03	)
Adjusted (Non-GAAP)		$	1,090			$	(17	)		$	80			$	1,027			$	198				19.3	%		$	—			$	(101	)		$	6			$	924			$	0.63
Net earnings from divestitures—KDP			—				—				—				—				(1	)							—				3				—				(2	)			—
Change in equity method investee items			—				—				—				—				1								—				2				—				(3	)			—
Adjusted (Non-GAAP)—As Recast		$	1,090			$	(17	)		$	80			$	1,027			$	198				19.3	%		$	—			$	(96	)		$	6			$	919			$	0.63
Diluted Average Shares Outstanding																																											1,461

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 3.j

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

		For the Twelve Months Ended December 31, 2019
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Loss on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	3,843			$	(60	)		$	456			$	3,447			$	2				0.1	%		$	2			$	(501	)		$	15			$	3,929			$	2.69
Simplify to Grow Program			442				(6	)			—				448				103								—				—				—				345				0.24
Intangible asset impairment charges			57				—				—				57				14								—				—				—				43				0.03
Mark-to-market (gains)/losses from derivatives			(91	)			—				(1	)			(90	)			(19	)							—				—				—				(71	)			(0.05	)
Acquisition-related costs			3				—				—				3				1								—				—				—				2				—
Divestiture-related costs			6				—				—				6				—								—				—				—				6				—
Net earnings from divestitures			(9	)			—				—				(9	)			(20	)							—				118				—				(107	)			(0.08	)
Gain on divestitures			(44	)			—				—				(44	)			(3	)							—				—				—				(41	)			(0.03	)
Remeasurement of net monetary position			(4	)			—				—				(4	)			—								—				—				—				(4	)			—
Impact from pension participation changes			(35	)			—				(6	)			(29	)			(8	)							—				—				—				(21	)			(0.02	)
Impact from resolution of tax matters			85				—				—				85				21								—				—				—				64				0.05
CEO transition remuneration			9				—				—				9				—								—				—				—				9				0.01
Loss related to interest rate swaps			—				—				(111	)			111				—								—				—				—				111				0.08
Initial impacts from enacted tax law changes			2				—				—				2				754								—				—				—				(752	)			(0.52	)
Loss on equity method investment transactions			—				—				—				—				(6	)							(2	)			—				—				8				0.01
Equity method investee items			—				—				—				—				4								—				13				—				(17	)			(0.01	)
Adjusted (Non-GAAP)		$	4,264			$	(66	)		$	338			$	3,992			$	843				21.1	%		$	—			$	(370	)		$	15			$	3,504			$	2.40
Net earnings from divestitures—KDP			—				—				—				—				(3	)							—				12				—				(9	)			—
Change in equity method investee items			—				—				—				—				(1	)							—				4				—				(3	)			—
Adjusted (Non-GAAP)—As Recast		$	4,264			$	(66	)		$	338			$	3,992			$	839				21.0	%		$	—			$	(354	)		$	15			$	3,492			$	2.40
Currency																																							217				0.14
Adjusted @ Constant FX (Non-GAAP)—As Recast																																						$	3,709			$	2.54
Diluted Average Shares Outstanding																																											1,458
		For the Twelve Months Ended December 31, 2018
		Operating Income				Benefit plan non- service expense / (income)				Interest and other expense, net				Earnings before income taxes				Income taxes (1)				Effective tax rate				Gain on equity method investment transactions				Equity method investment net losses / (earnings)				Non- controlling interest earnings				Net Earnings attributable to Mondelēz International				Diluted EPS attributable to Mondelēz International
Reported (GAAP)		$	3,312			$	(50	)		$	520			$	2,842			$	773				27.2	%		$	(778	)		$	(484	)		$	14			$	3,317			$	2.23
Simplify to Grow Program			626				(5	)			—				631				156								—				—				—				475				0.32
Intangible asset impairment charges			68				—				—				68				16								—				—				—				52				0.03
Mark-to-market (gains)/losses from derivatives			(141	)			—				1				(142	)			(10	)							—				—				—				(132	)			(0.09	)
Acquisition integration costs			3				—				—				3				—								—				—				—				3				—
Acquisition-related costs			13				—				—				13				3								—				—				—				10				0.01
Divestiture-related costs			(1	)			—				—				(1	)			(2	)							—				—				—				1				—
Net earnings from divestitures			(19	)			—				—				(19	)			(26	)							—				134				—				(127	)			(0.08	)
Remeasurement of net monetary position			11				—				—				11				—								—				—				—				11				0.01
Impact from pension participation changes			423				—				(6	)			429				108								—				—				—				321				0.22
Impact from resolution of tax matters			(15	)			—				(4	)			(11	)			6								—				—				—				(17	)			(0.01	)
CEO transition remuneration			22				—				—				22				5								—				—				—				17				0.01
Gain related to interest rate swaps			—				—				10				(10	)			(2	)							—				—				—				(8	)			(0.01	)
Loss on debt extinguishment and related expenses			—				—				(140	)			140				35								—				—				—				105				0.07
Initial impacts from enacted tax law changes			—				—				—				—				(33	)							—				—				—				33				0.02
Gain on equity method investment transactions			—				—				—				—				(192	)							778				—				—				(586	)			(0.39	)
Equity method investee items			—				—				—				—				(7	)							—				1				—				6				—
Adjusted (Non-GAAP)		$	4,302			$	(55	)		$	381			$	3,976			$	830				20.9	%		$	—			$	(349	)		$	14			$	3,481			$	2.34
Net earnings from divestitures—KDP			—				—				—				—				(4	)							—				16				—				(12	)			—
Change in equity method investee items			—				—				—				—				1								—				(5	)			—				4				—
Adjusted (Non-GAAP)—As Recast		$	4,302			$	(55	)		$	381			$	3,976			$	827				20.8	%		$	—			$	(338	)		$	14			$	3,473			$	2.34
Diluted Average Shares Outstanding																																											1,486

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 4.a

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Nine Months Ended September 30,
		2021				2020				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	2.33			$	1.66			$	0.67				40.4	%
Simplify to Grow Program			0.20				0.14				0.06
Intangible asset impairment charges			0.02				0.08				(0.06	)
Mark-to-market (gains)/losses from derivatives			(0.16	)			0.03				(0.19	)
Acquisition integration costs and contingent consideration adjustments			(0.03	)			—				(0.03	)
Acquisition-related costs			0.01				0.01				—
Net earnings from divestitures			(0.01	)			(0.04	)			0.03
Costs associated with JDE Peet’s transaction			—				0.21				(0.21	)
Remeasurement of net monetary position			0.01				—				0.01
Impact from pension participation changes			0.02				0.01				0.01
Loss related to interest rate swaps			—				0.05				(0.05	)
Loss on debt extinguishment and related expenses			0.07				—				0.07
Initial impacts from enacted tax law changes			0.07				0.02				0.05
Gain on equity method investment transactions			(0.40	)			(0.31	)			(0.09	)
Equity method investee items			0.04				0.05				(0.01	)
Adjusted EPS (Non-GAAP)		$	2.17			$	1.91			$	0.26				13.6	%
Net earnings from Max Foods			—				—				—
Net earnings from divestitures—KDP			(0.01	)			(0.01	)			—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	2.16			$	1.90			$	0.26				13.7	%
Impact of favorable currency			(0.09	)			—				(0.09	)
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	2.07			$	1.90			$	0.17				8.9	%

Schedule 4.b

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended September 30,
		2021				2020				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.89			$	0.78			$	0.11				14.1	%
Simplify to Grow Program			0.06				0.06				—
Intangible asset impairment charges			—				0.03				(0.03	)
Mark-to-market (gains)/losses from derivatives			(0.08	)			(0.08	)			—
Acquisition integration costs and contingent consideration adjustments			(0.03	)			—				(0.03	)
Net earnings from divestitures			—				(0.01	)			0.01
Initial impacts from enacted tax law changes			—				0.02				(0.02	)
Gain on equity method investment transactions			(0.13	)			(0.19	)			0.06
Equity method investee items			—				0.03				(0.03	)
Adjusted EPS (Non-GAAP)		$	0.71			$	0.64			$	0.07				10.9	%
Net earnings from Max Foods			—				—				—
Net earnings from divestitures—KDP			—				—				—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	0.71			$	0.64			$	0.07				10.9	%
Impact of favorable currency			(0.02	)			—				(0.02	)
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	0.69			$	0.64			$	0.05				7.8	%

Schedule 4.c

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended June 30,
		2021				2020				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.76			$	0.38			$	0.38				100.0	%
Simplify to Grow Program			0.07				0.04				0.03
Intangible asset impairment charges			0.02				0.05				(0.03	)
Mark-to-market (gains)/losses from derivatives			(0.02	)			—				(0.02	)
Acquisition-related costs			0.01				0.01				—
Net earnings from divestitures			—				(0.01	)			0.01
Costs associated with JDE Peet’s transaction			—				0.21				(0.21	)
Impact from pension participation changes			0.02				—				0.02
Initial impacts from enacted tax law changes			0.07				—				0.07
Gain on equity method investment transactions			(0.27	)			(0.08	)			(0.19	)
Equity method investee items			—				0.01				(0.01	)
Adjusted EPS (Non-GAAP)		$	0.66			$	0.61			$	0.05				8.2	%
Net earnings from Max Foods			—				—				—
Net earnings from divestitures—KDP			—				(0.01	)			0.01
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	0.66			$	0.60			$	0.06				10.0	%
Impact of favorable currency			(0.04	)			—				(0.04	)
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	0.62			$	0.60			$	0.02				3.3	%

Schedule 4.d

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended March 31,
		2021				2020				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.68			$	0.51			$	0.17				33.3	%
Simplify to Grow Program			0.07				0.03				0.04
Mark-to-market (gains)/losses from derivatives			(0.07	)			0.11				(0.18	)
Acquisition-related costs			0.01				—				0.01
Net earnings from divestitures			(0.01	)			(0.01	)			—
Loss related to interest rate swaps			—				0.05				(0.05	)
Loss on debt extinguishment and related expenses			0.07				—				0.07
Gain on equity method investment transactions			—				(0.04	)			0.04
Equity method investee items			0.04				0.01				0.03
Adjusted EPS (Non-GAAP)		$	0.79			$	0.66			$	0.13				19.7	%
Net earnings from divestitures—KDP			—				—				—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	0.79			$	0.66			$	0.13				19.7	%
Impact of favorable currency			(0.04	)			—				(0.04	)
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	0.75			$	0.66			$	0.09				13.6	%

Schedule 4.e

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Twelve Months Ended December 31,
		2020				2019				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	2.47			$	2.69			$	(0.22	)			(8.2	)%
Simplify to Grow Program			0.20				0.24				(0.04	)
Intangible asset impairment charges			0.08				0.03				0.05
Mark-to-market (gains)/losses from derivatives			(0.01	)			(0.05	)			0.04
Acquisition-related costs			0.01				—				0.01
Net earnings from divestitures			(0.06	)			(0.08	)			0.02
Gain on divestitures			—				(0.03	)			0.03
Costs associated with JDE Peet’s transaction			0.20				—				0.20
Remeasurement of net monetary position			0.01				—				0.01
Impact from pension participation changes			0.01				(0.02	)			0.03
Impact from resolution of tax matters			(0.02	)			0.05				(0.07	)
CEO transition remuneration			—				0.01				(0.01	)
Loss related to interest rate swaps			0.05				0.08				(0.03	)
Loss on debt extinguishment and related expenses			0.10				—				0.10
Initial impacts from enacted tax law changes			0.02				(0.52	)			0.54
(Gain)/loss on equity method investment transactions			(0.55	)			0.01				(0.56	)
Equity method investee items			0.06				(0.01	)			0.07
Adjusted EPS (Non-GAAP)		$	2.57			$	2.40			$	0.17				7.1	%
Net earnings from divestitures—KDP			(0.01	)			—				(0.01	)
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	2.56			$	2.40			$	0.16				6.7	%
Impact of unfavorable currency			0.04				—				0.04
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	2.60			$	2.40			$	0.20				8.3	%

Schedule 4.f

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended December 31,
		2020				2019				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.80			$	0.50			$	0.30				60.0	%
Simplify to Grow Program			0.06				0.07				(0.01	)
Mark-to-market (gains)/losses from derivatives			(0.03	)			(0.01	)			(0.02	)
Net earnings from divestitures			—				(0.02	)			0.02
Costs associated with JDE Peet’s transaction			(0.01	)			—				(0.01	)
Impact from resolution of tax matters			(0.02	)			0.04				(0.06	)
Loss on debt extinguishment and related expenses			0.10				—				0.10
Gain on equity method investment transactions			(0.24	)			—				(0.24	)
Equity method investee items			0.01				0.01				—
Adjusted EPS (Non-GAAP)		$	0.67			$	0.59			$	0.08				13.6	%
Net earnings from divestitures—KDP			(0.01	)			—				(0.01	)
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	0.66			$	0.59			$	0.07				11.9	%
Impact of favorable currency			(0.02	)			—				(0.02	)
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	0.64			$	0.59			$	0.05				8.5	%

Schedule 4.g

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended September 30,
		2020				2019				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.78			$	0.98			$	(0.20	)			(20.4	)%
Simplify to Grow Program			0.06				0.08				(0.02	)
Intangible asset impairment charges			0.03				0.03				—
Mark-to-market (gains)/losses from derivatives			(0.08	)			(0.01	)			(0.07	)
Net earnings from divestitures			(0.01	)			(0.02	)			0.01
Loss related to interest rate swaps			—				0.08				(0.08	)
Initial impacts from enacted tax law changes			0.02				(0.53	)			0.55
Gain on equity method investment transactions			(0.19	)			—				(0.19	)
Equity method investee items			0.03				0.01				0.02
Adjusted EPS (Non-GAAP)		$	0.64			$	0.62			$	0.02				3.2	%
Net earnings from divestitures—KDP			—				—				—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	0.64			$	0.62			$	0.02				3.2	%
Impact of currency			—				—				—
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	0.64			$	0.62			$	0.02				3.2	%

Schedule 4.h

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended June 30,
		2020				2019				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.38			$	0.55			$	(0.17	)			(30.9	)%
Simplify to Grow Program			0.04				0.05				(0.01	)
Intangible asset impairment charges			0.05				—				0.05
Mark-to-market (gains)/losses from derivatives			—				(0.02	)			0.02
Acquisition-related costs			0.01				—				0.01
Divestiture-related costs			—				0.01				(0.01	)
Net earnings from divestitures			(0.01	)			(0.02	)			0.01
Gain on divestitures			—				(0.03	)			0.03
Costs associated with JDE Peet’s transaction			0.21				—				0.21
Impact from pension participation changes			—				(0.02	)			0.02
Initial impacts from enacted tax law changes			—				0.01				(0.01	)
(Gain)/loss on equity method investment transactions			(0.08	)			0.02				(0.10	)
Equity method investee items			0.01				—				0.01
Adjusted EPS (Non-GAAP)		$	0.61			$	0.55			$	0.06				10.9	%
Net earnings from divestitures—KDP			(0.01	)			—				(0.01	)
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	0.60			$	0.55			$	0.05				9.1	%
Impact of unfavorable currency			0.02				—				0.02
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	0.62			$	0.55			$	0.07				12.7	%

Schedule 4.i

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended March 31,
		2020				2019				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.51			$	0.66			$	(0.15	)			(22.7	)%
Simplify to Grow Program			0.03				0.04				(0.01	)
Mark-to-market (gains)/losses from derivatives			0.11				(0.01	)			0.12
Net earnings from divestitures			(0.01	)			(0.02	)			0.01
Loss related to interest rate swaps			0.05				—				0.05
Gain on equity method investment transactions			(0.04	)			(0.01	)			(0.03	)
Equity method investee items			0.01				(0.03	)			0.04
Adjusted EPS (Non-GAAP)		$	0.66			$	0.63			$	0.03				4.8	%
Net earnings from divestitures—KDP			—				—				—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	0.66			$	0.63			$	0.03				4.8	%
Impact of unfavorable currency			0.03				—				0.03
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	0.69			$	0.63			$	0.06				9.5	%

Schedule 4.j

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Twelve Months Ended December 31,
		2019				2018				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	2.69			$	2.23			$	0.46				20.6	%
Simplify to Grow Program			0.24				0.32				(0.08	)
Intangible asset impairment charges			0.03				0.03				—
Mark-to-market (gains)/losses from derivatives			(0.05	)			(0.09	)			0.04
Acquisition-related costs			—				0.01				(0.01	)
Net earnings from divestitures			(0.08	)			(0.08	)			—
Gain on divestitures			(0.03	)			—				(0.03	)
Remeasurement of net monetary position			—				0.01				(0.01	)
Impact from pension participation changes			(0.02	)			0.22				(0.24	)
Impact from resolution of tax matters			0.05				(0.01	)			0.06
CEO transition remuneration			0.01				0.01				—
(Gain)/loss related to interest rate swaps			0.08				(0.01	)			0.09
Loss on debt extinguishment and related expenses			—				0.07				(0.07	)
Initial impacts from enacted tax law changes			(0.52	)			0.02				(0.54	)
(Gain)/loss on equity method investment transactions			0.01				(0.39	)			0.40
Equity method investee items			(0.01	)			—				(0.01	)
Adjusted EPS (Non-GAAP)		$	2.40			$	2.34			$	0.06				2.6	%
Net earnings from divestitures—KDP			—				—				—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP)—As Recast		$	2.40			$	2.34			$	0.06				2.6	%
Impact of unfavorable currency			0.14				—				0.14
Adjusted EPS @ Constant FX (Non-GAAP)—As Recast		$	2.54			$	2.34			$	0.20				8.5	%