Reclassifications from Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2023

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

The following table summarizes the changes in accumulated balances of each component of accumulated other comprehensive earnings/(losses) attributable to Mondelēz International. Amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax) were net (losses)/gains of $35 million in the third quarter of 2023 and $103 million in the third quarter of 2022 and $(6) million in the first nine months of 2023 and $143 million in the first nine months of 2022.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(9,505)	$	(9,431)	$	(9,808)	$	(9,097)
Currency translation adjustments	(582)		(607)		(270)		(940)


Tax (expense)/benefit	12		(60)		(3)		(76)
Other comprehensive earnings/(losses)	(570)		(667)		(273)		(1,016)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	6		12		12		27
Balance at end of period	(10,069)		(10,086)		(10,069)		(10,086)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,133)	$	(1,119)	$	(1,105)	$	(1,379)
Net actuarial gain/(loss) arising during period	(20)		(36)		(19)		116
Tax (expense)/benefit on net actuarial gain/(loss)	3		4		3		(23)
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (1)	7		16		20		52
Settlement losses and other expenses (1)	5		5		13		12

Tax expense/(benefit) on reclassifications (3)	(2)		(2)		(8)		(14)
Currency impact	39		70		(5)		174
Other comprehensive earnings/(losses)	32		57		4		317
Balance at end of period	(1,101)		(1,062)		(1,101)		(1,062)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(72)	$	(88)	$	(34)	$	(148)
Net derivative gains/(losses)	56		121		(10)		245
Tax (expense)/benefit on net derivative gain/(loss)	—		—		1		—
Losses/(gains) reclassified into net earnings:
Currency exchange contracts(2)	—		1		—		6
Interest rate contracts (2)	(43)		(121)		(20)		(174)
Tax expense/(benefit) on reclassifications (3)	(2)		(2)		1		(25)
Currency impact	(1)		6		—		13
Other comprehensive earnings/(losses)	10		5		(28)		65
Balance at end of period	(62)		(83)		(62)		(83)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,710)	$	(10,638)	$	(10,947)	$	(10,624)
Total other comprehensive earnings/(losses)	(528)		(605)		(297)		(634)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	6		12		12		27
Other comprehensive earnings/(losses) attributable to Mondelēz International	(522)		(593)		(285)		(607)
Balance at end of period	$	(11,232)	$	(11,231)	$	(11,232)	$	(11,231)

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

(2)These reclassified gains or losses are recorded within interest and other expense, net.

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