Reclassifications from Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Earnings/(Losses)

The following table summarizes the changes in the 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/(gains) of $21 million in 2022, $(44) million in 2021 and $285 million in 2020.


	For the Years Ended December 31,
	2022		2021		2020
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(9,097)	$	(8,655)	$	(8,320)
Currency translation adjustments	(659)		(481)		(398)
Reclassification to earnings related to:
Equity method investment transactions (1)	—		—		29
Tax (expense)/benefit	(66)		23		47
Other comprehensive earnings/(losses)	(725)		(458)		(322)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	14		16		(13)
Balance at end of period	(9,808)		(9,097)		(8,655)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,379)	$	(1,874)	$	(1,721)
Net actuarial gain/(loss) arising during period	149		398		(187)
Tax (expense)/benefit on net actuarial gain/(loss)	(37)		(80)		38
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (2)	57		140		104
Settlement losses and other expenses (1)	16		22		22
Curtailment credit (2)	8		(17)		—
Tax (benefit) on reclassifications (3)	(21)		(34)		(31)
Currency impact	102		66		(99)
Other comprehensive earnings/(losses)	274		495		(153)
Balance at end of period	(1,105)		(1,379)		(1,874)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(148)	$	(161)	$	(213)
Net derivative gains/(losses)	160		163		(132)
Tax (expense)/benefit on net derivative gain/(loss)	(13)		—		27
Losses/(gains) reclassified into net earnings:
Currency exchange contracts (4)	8		—		—
Interest rate contracts (1) (4)	(30)		(152)		189
Tax (benefit) on reclassifications (3)	(17)		(3)		(28)
Currency impact	6		5		(4)
Other comprehensive earnings/(losses)	114		13		52
Balance at end of period	(34)		(148)		(161)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,624)	$	(10,690)	$	(10,254)
Total other comprehensive earnings/(losses)	(337)		50		(423)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	14		16		(13)
Other comprehensive earnings/(losses) attributable to Mondelēz International	(323)		66		(436)
Balance at end of period	$	(10,947)	$	(10,624)	$	(10,690)

(1)Includes equity method investment transactions recorded within gain/(loss) on equity method investment transactions.

(2)These reclassified losses are included in net periodic benefit costs disclosed in Note 11, Benefit Plans.

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

(4)These reclassified losses are recorded within interest and other expense, net