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

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, 2022
		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)		$	3,534			$	(117	)		$	423			$	3,228			$	865				26.8	%		$	22			$	(385	)		$	9			$	2,717			$	1.96
Simplify to Grow Program			122				(1	)			—				123				26								—				—				—				97				0.07
Intangible asset impairment charges			101				—				—				101				25								—				—				—				76				0.05
Mark-to-market (gains)/losses from derivatives			326				—				8				318				56								—				—				—				262				0.19
Acquisition integration costs and contingent consideration adjustments			136				(8	)			(4	)			148				72								—				—				—				76				0.05
Inventory step-up			25				—				—				25				7								—				—				—				18				0.01
Acquisition-related costs			330				—				76				254				(11	)							—				—				—				265				0.19
Divestiture-related costs			18				—				—				18				9								—				—				—				9				0.01
Net earnings from divestitures			(4	)			—				—				(4	)			(1	)							—				14				—				(17	)			(0.01	)
2017 malware incident net recoveries			(37	)			—				—				(37	)			(10	)							—				—				—				(27	)			(0.02	)
European Commission legal matter			318				—				—				318				—								—				—				—				318				0.23
Incremental costs due to war in Ukraine			121				—				—				121				(4	)							—				—				—				125				0.09
Remeasurement of net monetary position			40				—				—				40				—								—				—				—				40				0.03
Impact from pension participation changes			(1	)			—				(11	)			10				3								—				—				—				7				0.01
Loss on debt extinguishment and related expenses			—				—				(129	)			129				31								—				—				—				98				0.07
Initial impacts from enacted tax law changes			—				—				—				—				(17	)							—				—				—				17				0.01
Loss on equity method investment transactions			—				—				—				—				(2	)							(22	)			—				—				24				0.02
Equity method investee items			—				—				—				—				5								—				8				—				(13	)			(0.01	)
Adjusted (Non-GAAP)		$	5,029			$	(126	)		$	363			$	4,792			$	1,054				22.0	%		$	—			$	(363	)		$	9			$	4,092			$	2.95
Net earnings from divestiture - KDP			—				—				—				—				(19	)							—				100				—				(81	)			(0.05	)
Change in equity method investee items			—				—				—				—				(5	)							—				19				—				(14	)			(0.01	)
Adjusted (Non-GAAP) - As Recast		$	5,029			$	(126	)		$	363			$	4,792			$	1,030				21.5	%		$	—			$	(244	)		$	9			$	3,997			$	2.89
Currency																																							326				0.23
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	4,323			$	3.12
Diluted Average Shares Outstanding																																											1,385

		For the Twelve Months Ended December 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				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)		$	4,653			$	(163	)		$	447			$	4,369			$	1,190				27.2	%		$	(742	)		$	(393	)		$	14			$	4,300			$	3.04
Simplify to Grow Program			319				(2	)			—				321				83								—				—				—				238				0.17
Intangible asset impairment charges			32				—				—				32				8								—				—				—				24				0.02
Mark-to-market (gains)/losses from derivatives			(279	)			—				(4	)			(275	)			(44	)							2				—				—				(233	)			(0.17	)
Acquisition integration costs and contingent consideration adjustments			(40	)			—				—				(40	)			(12	)							—				—				—				(28	)			(0.02	)
Acquisition-related costs			25				—				—				25				4								—				—				—				21				0.01
Net gain on acquisition and divestitures			(8	)			—				—				(8	)			(3	)							—				—				—				(5	)			—
Divestiture-related costs			22				—				—				22				8								—				—				—				14				0.01
Net earnings from divestitures			(15	)			—				—				(15	)			(12	)							—				53				—				(56	)			(0.03	)
Remeasurement of net monetary position			13				—				—				13				—								—				—				—				13				0.01
Impact from pension participation changes			48				17				(11	)			42				8								—				—				—				34				0.02
Loss on debt extinguishment and related expenses			—				—				(137	)			137				34								—				—				—				103				0.07
Impact from resolution of tax matters			(5	)			—				2				(7	)			(1	)							—				—				—				(6	)			—
Initial impacts from enacted tax law changes			—				—				—				—				(100	)							—				—				—				100				0.07
Gain on equity method investment transactions			—				—				—				—				(184	)							740				—				—				(556	)			(0.39	)
Equity method investee items			—				—				—				—				4								—				(61	)			—				57				0.04
Adjusted (Non-GAAP)		$	4,765			$	(148	)		$	297			$	4,616			$	983				21.3	%		$	—			$	(401	)		$	14			$	4,020			$	2.85
Net earnings from divestiture - KDP			—				—				—				—				(17	)							—				98				—				(81	)			(0.06	)
Change in equity method investee items			—				—				—				—				(4	)							—				16				—				(12	)			(0.01	)
Adjusted (Non-GAAP) - As Recast		$	4,765			$	(148	)		$	297			$	4,616			$	962				20.8	%		$	—			$	(287	)		$	14			$	3,927			$	2.78
Diluted Average Shares Outstanding																																											1,413

⁽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.

1

Schedule 1.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 December 31, 2022
		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)		$	834			$	(24	)		$	86			$	772			$	270				35.0	%		$	3			$	(85	)		$	1			$	583			$	0.42
Simplify to Grow Program			53				—				—				53				10								—				—				—				43				0.03
Mark-to-market (gains)/losses from derivatives			58				—				(43	)			101				15								3				—				—				83				0.06
Acquisition integration costs and contingent consideration adjustments			40				(8	)			—				48				15								—				—				—				33				0.03
Inventory step-up			5				—				—				5				2								—				—				—				3				—
Acquisition-related costs			12				—				76				(64	)			(14	)							—				—				—				(50	)			(0.04	)
Divestiture-related costs			6				—				—				6				6								—				—				—				—				—
2017 malware incident net recoveries			(37	)			—				—				(37	)			(10	)							—				—				—				(27	)			(0.02	)
European Commission legal matter			318				—				—				318				—								—				—				—				318				0.23
Remeasurement of net monetary position			14				—				—				14				—								—				—				—				14				0.01
Impact from pension participation changes			(1	)			—				(3	)			2				1								—				—				—				1				—
Initial impacts from enacted tax law changes			—				—				—				—				5								—				—				—				(5	)			—
Loss on equity method investment transactions			—				—				—				—				(1	)							(6	)			—				—				7				0.01
Equity method investee items			—				—				—				—				6								—				(5	)			—				(1	)			—
Adjusted (Non-GAAP)		$	1,302			$	(32	)		$	116			$	1,218			$	305				25.0	%		$	—			$	(90	)		$	1			$	1,002			$	0.73
Net earnings from divestiture - KDP			—				—				—				—				(1	)							—				11				—				(10	)			(0.01	)
Change in equity method investee items			—				—				—				—				(6	)							—				24				—				(18	)			(0.01	)
Adjusted (Non-GAAP) - As Recast		$	1,302			$	(32	)		$	116			$	1,218			$	298				24.5	%		$	—			$	(55	)		$	1			$	974			$	0.71
Currency																																							72				0.05
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	1,046			$	0.76
Diluted Average Shares Outstanding																																											1,375

		For the Three Months Ended December 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)		$	1,204			$	(28	)		$	89			$	1,143			$	238				20.8	%		$	3			$	(103	)		$	2			$	1,003			$	0.71
Simplify to Grow Program			(62	)			(1	)			—				(61	)			(15	)							—				—				—				(46	)			(0.03	)
Mark-to-market (gains)/losses from derivatives			(9	)			—				—				(9	)			(2	)							—				—				—				(7	)			—
Acquisition integration costs and contingent consideration adjustments			14				—				—				14				2								—				—				—				12				0.01
Acquisition-related costs			1				—				—				1				—								—				—				—				1				—
Net gain on acquisition and divestitures			1				—				—				1				(1	)							—				—				—				2				—
Divestiture-related costs			22				—				—				22				8								—				—				—				14				0.01
Net earnings from divestitures			(4	)			—				—				(4	)			(1	)							—				7				—				(10	)			—
Remeasurement of net monetary position			3				—				—				3				—								—				—				—				3				—
Impact from pension participation changes			1				—				(3	)			4				—								—				—				—				4				—
Initial impacts from enacted tax law changes			—				—				—				—				(5	)							—				—				—				5				—
Loss on equity method investment transactions			—				—				—				—				—								(3	)			—				—				3				—
Equity method investee items			—				—				—				—				1								—				(10	)			—				9				0.01
Adjusted (Non-GAAP)		$	1,171			$	(29	)		$	86			$	1,114			$	225				20.2	%		$	—			$	(106	)		$	2			$	993			$	0.71
Net earnings from divestiture - KDP			—				—				—				—				(5	)							—				30				—				(25	)			(0.02	)
Change in equity method investee items			—				—				—				—				(1	)							—				4				—				(3	)			—
Adjusted (Non-GAAP) - As Recast		$	1,171			$	(29	)		$	86			$	1,114			$	219				19.7	%		$	—			$	(72	)		$	2			$	965			$	0.69
Diluted Average Shares Outstanding																																											1,405

⁽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.

2

Schedule 1.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 September 30, 2022
		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)		$	679			$	(30	)		$	71			$	638			$	184				28.8	%		$	6			$	(85	)		$	1			$	532			$	0.39
Simplify to Grow Program			16				—				—				16				3								—				—				—				13				0.01
Intangible asset impairment charges			23				—				—				23				6								—				—				—				17				0.01
Mark-to-market (gains)/losses from derivatives			186				—				69				117				22								(3	)			—				—				98				0.07
Acquisition integration costs and contingent consideration adjustments			27				—				(1	)			28				6								—				—				—				22				0.02
Inventory step-up			20				—				—				20				5								—				—				—				15				0.01
Acquisition-related costs			292				—				—				292				—								—				—				—				292				0.21
Divestiture-related costs			6				—				—				6				2								—				—				—				4				—
Net earnings from divestitures			—				—				—				—				(1	)							—				—				—				1				—
Incremental costs due to war in Ukraine			(7	)			—				—				(7	)			(2	)							—				—				—				(5	)			—
Remeasurement of net monetary position			11				—				—				11				—								—				—				—				11				0.01
Impact from pension participation changes			—				—				(3	)			3				1								—				—				—				2				—
Initial impacts from enacted tax law changes			—				—				—				—				(13	)							—				—				—				13				0.01
Loss on equity method investment transactions			—				—				—				—				(1	)							(3	)			—				—				4				—
Equity method investee items			—				—				—				—				4								—				(1	)			—				(3	)			—
Adjusted (Non-GAAP)		$	1,253			$	(30	)		$	136			$	1,147			$	216				18.8	%		$	—			$	(86	)		$	1			$	1,016			$	0.74
Net earnings from divestiture - KDP			—				—				—				—				(1	)							—				13				—				(12	)			(0.01	)
Change in equity method investee items			—				—				—				—				(4	)							—				15				—				(11	)			(0.01	)
Adjusted (Non-GAAP) - As Recast		$	1,253			$	(30	)		$	136			$	1,147			$	211				18.4	%		$	—			$	(58	)		$	1			$	993			$	0.72
Currency																																							97				0.07
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	1,090			$	0.79
Diluted Average Shares Outstanding																																											1,379

		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	)
Net earnings from divestitures			(6	)			—				—				(6	)			(4	)							—				13				—				(15	)			(0.01	)
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			—				—				—				—				—								—				4				—				(4	)			—
Adjusted (Non-GAAP)		$	1,230			$	(34	)		$	80			$	1,184			$	276				23.3	%		$	—			$	(88	)		$	4			$	992			$	0.70
Net earnings from divestiture - KDP			—				—				—				—				(4	)							—				25				—				(21	)			(0.01	)
Change in equity method investee items			—				—				—				—				—								—				2				—				(2	)			—
Adjusted (Non-GAAP) - As Recast		$	1,230			$	(34	)		$	80			$	1,184			$	272				23.0	%		$	—			$	(61	)		$	4			$	969			$	0.69
Diluted Average Shares Outstanding																																											1,408

⁽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.

3

Schedule 1.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 June 30, 2022
		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)		$	927			$	(30	)		$	98			$	859			$	201				23.4	%		$	8			$	(98	)		$	1			$	747			$	0.54
Simplify to Grow Program			22				(1	)			—				23				6								—				—				—				17				0.01
Mark-to-market (gains)/losses from derivatives			109				—				(19	)			128				14								—				—				—				114				0.08
Acquisition integration costs and contingent consideration adjustments			37				—				—				37				1								—				—				—				36				0.03
Acquisition-related costs			5				—				—				5				2								—				—				—				3				—
Divestiture-related costs			5				—				—				5				1								—				—				—				4				—
Net earnings from divestitures			(3	)			—				—				(3	)			—								—				7				—				(10	)			(0.01	)
Incremental costs due to war in Ukraine			(15	)			—				—				(15	)			—								—				—				—				(15	)			(0.01	)
Remeasurement of net monetary position			10				—				—				10				—								—				—				—				10				0.01
Impact from pension participation changes			—				—				(2	)			2				—								—				—				—				2				—
Initial impacts from enacted tax law changes			—				—				—				—				(9	)							—				—				—				9				0.01
Loss on equity method investment transactions			—				—				—				—				—								(8	)			—				—				8				0.01
Equity method investee items			—				—				—				—				(2	)							—				11				—				(9	)			(0.01	)
Adjusted (Non-GAAP)		$	1,097			$	(31	)		$	77			$	1,051			$	214				20.4	%		$	—			$	(80	)		$	1			$	916			$	0.66
Net earnings from divestiture - KDP			—				—				—				—				(7	)							—				30				—				(23	)			(0.02	)
Change in equity method investee items			—				—				—				—				2								—				(7	)			—				5				0.01
Adjusted (Non-GAAP) - As Recast		$	1,097			$	(31	)		$	77			$	1,051			$	209				19.9	%		$	—			$	(57	)		$	1			$	898			$	0.65
Currency																																							73				0.05
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	971			$	0.70
Diluted Average Shares Outstanding																																											1,389

		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			(4	)			—				—				(4	)			(4	)							—				17				—				(17	)			(0.01	)
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			—				—				—				—				1								—				(5	)			—				4				—
Adjusted (Non-GAAP)		$	1,073			$	(41	)		$	54			$	1,060			$	232				21.9	%		$	—			$	(95	)		$	1			$	922			$	0.65
Net earnings from divestiture - KDP			—				—				—				—				(4	)							—				19				—				(15	)			(0.01	)
Change in equity method investee items			—				—				—				—				(1	)							—				4				—				(3	)			—
Adjusted (Non-GAAP) - As Recast		$	1,073			$	(41	)		$	54			$	1,060			$	227				21.4	%		$	—			$	(72	)		$	1			$	904			$	0.64
Diluted Average Shares Outstanding																																											1,416

⁽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.

4

Schedule 1.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 Three Months Ended March 31, 2022
		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)		$	1,094			$	(33	)		$	168			$	959			$	210				21.9	%		$	5			$	(117	)		$	6			$	855			$	0.61
Simplify to Grow Program			31				—				—				31				7								—				—				—				24				0.02
Intangible asset impairment charges			78				—				—				78				19								—				—				—				59				0.04
Mark-to-market (gains)/losses from derivatives			(27	)			—				1				(28	)			5								—				—				—				(33	)			(0.02	)
Acquisition integration costs and contingent consideration adjustments			32				—				(3	)			35				50								—				—				—				(15	)			(0.01	)
Acquisition-related costs			21				—				—				21				1								—				—				—				20				0.02
Divestiture-related costs			1				—				—				1				—								—				—				—				1				—
Net earnings from divestitures			(1	)			—				—				(1	)			—								—				7				—				(8	)			(0.01	)
Incremental costs due to war in Ukraine			143				—				—				143				(2	)							—				—				—				145				0.11
Remeasurement of net monetary position			5				—				—				5				—								—				—				—				5				—
Impact from pension participation changes			—				—				(3	)			3				1								—				—				—				2				—
Loss on debt extinguishment and related expenses			—				—				(129	)			129				31								—				—				—				98				0.07
Loss on equity method investment transactions			—				—				—				—				—								(5	)			—				—				5				—
Equity method investee items			—				—				—				—				(3	)							—				3				—				—				—
Adjusted (Non-GAAP)		$	1,377			$	(33	)		$	34			$	1,376			$	319				23.2	%		$	—			$	(107	)		$	6			$	1,158			$	0.83
Net earnings from divestiture - KDP			—				—				—				—				(10	)							—				46				—				(36	)			(0.02	)
Change in equity method investee items			—				—				—				—				3								—				(13	)			—				10				—
Adjusted (Non-GAAP) - As Recast		$	1,377			$	(33	)		$	34			$	1,376			$	312				22.7	%		$	—			$	(74	)		$	6			$	1,132			$	0.81
Currency																																							84				0.06
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	1,216			$	0.87
Diluted Average Shares Outstanding																																											1,398

		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
Net gain on acquisition and divestitures			(9	)			—				—				(9	)			(2	)							—				—				—				(7	)			—
Net earnings from divestitures			(1	)			—				—				(1	)			(3	)							—				16				—				(14	)			(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			—				—				—				—				2								—				(50	)			—				48				0.03
Adjusted (Non-GAAP)		$	1,291			$	(44	)		$	77			$	1,258			$	250				19.9	%		$	—			$	(112	)		$	7			$	1,113			$	0.78
Net earnings from divestiture - KDP			—				—				—				—				(4	)							—				24				—				(20	)			(0.01	)
Change in equity method investee items			—				—				—				—				(2	)							—				6				—				(4	)			—
Adjusted (Non-GAAP) - As Recast		$	1,291			$	(44	)		$	77			$	1,258			$	244				19.4	%		$	—			$	(82	)		$	7			$	1,089			$	0.77
Diluted Average Shares Outstanding																																											1,422

⁽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.

5

Schedule 1.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 Twelve Months Ended December 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				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)		$	4,653			$	(163	)		$	447			$	4,369			$	1,190				27.2	%		$	(742	)		$	(393	)		$	14			$	4,300			$	3.04
Simplify to Grow Program			319				(2	)			—				321				83								—				—				—				238				0.17
Intangible asset impairment charges			32				—				—				32				8								—				—				—				24				0.02
Mark-to-market (gains)/losses from derivatives			(279	)			—				(4	)			(275	)			(44	)							2				—				—				(233	)			(0.17	)
Acquisition integration costs and contingent consideration adjustments			(40	)			—				—				(40	)			(12	)							—				—				—				(28	)			(0.02	)
Acquisition-related costs			25				—				—				25				4								—				—				—				21				0.01
Net gain on acquisition and divestitures			(8	)			—				—				(8	)			(3	)							—				—				—				(5	)			—
Divestiture-related costs			22				—				—				22				8								—				—				—				14				0.01
Net earnings from divestitures			(15	)			—				—				(15	)			(12	)							—				53				—				(56	)			(0.03	)
Remeasurement of net monetary position			13				—				—				13				—								—				—				—				13				0.01
Impact from pension participation changes			48				17				(11	)			42				8								—				—				—				34				0.02
Loss on debt extinguishment and related expenses			—				—				(137	)			137				34								—				—				—				103				0.07
Impact from resolution of tax matters			(5	)			—				2				(7	)			(1	)							—				—				—				(6	)			—
Initial impacts from enacted tax law changes			—				—				—				—				(100	)							—				—				—				100				0.07
Gain on equity method investment transactions			—				—				—				—				(184	)							740				—				—				(556	)			(0.39	)
Equity method investee items			—				—				—				—				4								—				(61	)			—				57				0.04
Adjusted (Non-GAAP)		$	4,765			$	(148	)		$	297			$	4,616			$	983				21.3	%		$	—			$	(401	)		$	14			$	4,020			$	2.85
Net earnings from divestiture - KDP			—				—				—				—				(17	)							—				98				—				(81	)			(0.06	)
Change in equity method investee items			—				—				—				—				(4	)							—				16				—				(12	)			(0.01	)
Adjusted (Non-GAAP) - As Recast		$	4,765			$	(148	)		$	297			$	4,616			$	962				20.8	%		$	—			$	(287	)		$	14			$	3,927			$	2.78
Currency																																							(118	)			(0.08	)
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	3,809			$	2.70
Diluted Average Shares Outstanding																																											1,413

		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			(2	)			—				—				(2	)			(26	)							—				135				—				(111	)			(0.08	)
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
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
Impact from resolution of tax matters			(20	)			—				28				(48	)			(16	)							—				—				—				(32	)			(0.02	)
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			—				—				—				—				4								—				(72	)			—				68				0.05
Adjusted (Non-GAAP)		$	4,399			$	(141	)		$	340			$	4,200			$	878				20.9	%		$	—			$	(358	)		$	14			$	3,666			$	2.54
Net earnings from divestiture - KDP			—				—				—				—				(5	)							—				75				—				(70	)			(0.04	)
Change in equity method investee items			—				—				—				—				(4	)							—				19				—				(15	)			(0.01	)
Adjusted (Non-GAAP) - As Recast		$	4,399			$	(141	)		$	340			$	4,200			$	869				20.7	%		$	—			$	(264	)		$	14			$	3,581			$	2.49
Diluted Average Shares Outstanding																																											1,441

⁽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.

6

Schedule 1.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 December 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)		$	1,204			$	(28	)		$	89			$	1,143			$	238				20.8	%		$	3			$	(103	)		$	2			$	1,003			$	0.71
Simplify to Grow Program			(62	)			(1	)			—				(61	)			(15	)							—				—				—				(46	)			(0.03	)
Mark-to-market (gains)/losses from derivatives			(9	)			—				—				(9	)			(2	)							—				—				—				(7	)			—
Acquisition integration costs and contingent consideration adjustments			14				—				—				14				2								—				—				—				12				0.01
Acquisition-related costs			1				—				—				1				—								—				—				—				1				—
Net gain on acquisition and divestitures			1				—				—				1				(1	)							—				—				—				2				—
Divestiture-related costs			22				—				—				22				8								—				—				—				14				0.01
Net earnings from divestitures			(4	)			—				—				(4	)			(1	)							—				7				—				(10	)			—
Remeasurement of net monetary position			3				—				—				3				—								—				—				—				3				—
Impact from pension participation changes			1				—				(3	)			4				—								—				—				—				4				—
Initial impacts from enacted tax law changes			—				—				—				—				(5	)							—				—				—				5				—
Gain on equity method investment transactions			—				—				—				—				—								(3	)			—				—				3				—
Equity method investee items			—				—				—				—				1								—				(10	)			—				9				0.01
Adjusted (Non-GAAP)		$	1,171			$	(29	)		$	86			$	1,114			$	225				20.2	%		$	—			$	(106	)		$	2			$	993			$	0.71
Net earnings from divestiture - KDP			—				—				—				—				(5	)							—				30				—				(25	)			(0.02	)
Change in equity method investee items			—				—				—				—				(1	)							—				4				—				(3	)			—
Adjusted (Non-GAAP) - As Recast		$	1,171			$	(29	)		$	86			$	1,114			$	219				19.7	%		$	—			$	(72	)		$	2			$	965			$	0.69
Currency																																							13				0.01
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	978			$	0.70
Diluted Average Shares Outstanding																																											1,405

		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			1				—				—				1				(4	)							—				31				—				(26	)			(0.01	)
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				—
Loss on debt extinguishment and related expenses			—				—				(185	)			185				46								—				—				—				139				0.10
Impact from resolution of tax matters			(20	)			—				28				(48	)			(16	)							—				—				—				(32	)			(0.02	)
Initial impacts from enacted tax law changes			—				—				—				—				(6	)							—				—				—				6				—
Gain on equity method investment transactions			—				—				—				—				(108	)							452				—				—				(344	)			(0.24	)
Equity method investee items			—				—				—				—				—								—				(13	)			—				13				0.01
Rounding			1				—				—				1				—								—				—				—				1				—
Adjusted (Non-GAAP)		$	1,189			$	(35	)		$	84			$	1,140			$	282				24.7	%		$	—			$	(92	)		$	3			$	947			$	0.66
Net earnings from divestiture - KDP			—				—				—				—				(2	)							—				25				—				(23	)			(0.02	)
Change in equity method investee items			—				—				—				—				—								—				2				—				(2	)			—
Adjusted (Non-GAAP) - As Recast		$	1,189			$	(35	)		$	84			$	1,140			$	280				24.6	%		$	—			$	(65	)		$	3			$	922			$	0.64
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.

7

Schedule 1.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 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	)
Net earnings from divestitures			(6	)			—				—				(6	)			(4	)							—				13				—				(15	)			(0.01	)
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			—				—				—				—				—								—				4				—				(4	)			—
Adjusted (Non-GAAP)		$	1,230			$	(34	)		$	80			$	1,184			$	276				23.3	%		$	—			$	(88	)		$	4			$	992			$	0.70
Net earnings from divestiture - KDP			—				—				—				—				(4	)							—				25				—				(21	)			(0.01	)
Change in equity method investee items			—				—				—				—				—								—				2				—				(2	)			—
Adjusted (Non-GAAP) - As Recast		$	1,230			$	(34	)		$	80			$	1,184			$	272				23.0	%		$	—			$	(61	)		$	4			$	969			$	0.69
Currency																																							(23	)			(0.02	)
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	946			$	0.67
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			(2	)			—				—				(2	)			(11	)							—				31				—				(22	)			(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			—				—				—				—				—								—				(29	)			—				29				0.02
Rounding			(1	)			—				—				(1	)			—								—				—				—				(1	)			—
Adjusted (Non-GAAP)		$	1,163			$	(38	)		$	89			$	1,112			$	278				25.0	%		$	—			$	(82	)		$	3			$	913			$	0.63
Net earnings from divestiture - KDP			—				—				—				—				(2	)							—				18				—				(16	)			(0.01	)
Change in equity method investee items			—				—				—				—				—								—				3				—				(3	)			—
Adjusted (Non-GAAP) - As Recast		$	1,163			$	(38	)		$	89			$	1,112			$	276				24.8	%		$	—			$	(61	)		$	3			$	894			$	0.62
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.

8

Schedule 1.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 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			(4	)			—				—				(4	)			(4	)							—				17				—				(17	)			(0.01	)
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			—				—				—				—				1								—				(5	)			—				4				—
Adjusted (Non-GAAP)		$	1,073			$	(41	)		$	54			$	1,060			$	232				21.9	%		$	—			$	(95	)		$	1			$	922			$	0.65
Net earnings from divestiture - KDP			—				—				—				—				(4	)							—				19				—				(15	)			(0.01	)
Change in equity method investee items			—				—				—				—				(1	)							—				4				—				(3	)			—
Adjusted (Non-GAAP) - As Recast		$	1,073			$	(41	)		$	54			$	1,060			$	227				21.4	%		$	—			$	(72	)		$	1			$	904			$	0.64
Currency																																							(61	)			(0.04	)
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	843			$	0.60
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			1				—				—				1				(5	)							—				28				—				(22	)			(0.02	)
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								—				(17	)			—				13				0.01
Adjusted (Non-GAAP)		$	943			$	(35	)		$	82			$	896			$	122				13.6	%		$	—			$	(95	)		$	1			$	868			$	0.60
Net earnings from divestiture - KDP			—				—				—				—				1								—				9				—				(10	)			(0.01	)
Change in equity method investee items			—				—				—				—				(4	)							—				12				—				(8	)			—
Adjusted (Non-GAAP) - As Recast		$	943			$	(35	)		$	82			$	896			$	119				13.3	%		$	—			$	(74	)		$	1			$	850			$	0.59
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.

9

Schedule 1.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 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
Net gain on acquisition and divestitures			(9	)			—				—				(9	)			(2	)							—				—				—				(7	)			—
Net earnings from divestitures			(1	)			—				—				(1	)			(3	)							—				16				—				(14	)			(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				—
Gain on equity method investment transactions			—				—				—				—				—								(7	)			—				—				7				—
Equity method investee items			—				—				—				—				2								—				(50	)			—				48				0.03
Adjusted (Non-GAAP)		$	1,291			$	(44	)		$	77			$	1,258			$	250				19.9	%		$	—			$	(112	)		$	7			$	1,113			$	0.78
Net earnings from divestiture - KDP			—				—				—				—				(4	)							—				24				—				(20	)			(0.01	)
Change in equity method investee items			—				—				—				—				(2	)							—				6				—				(4	)			—
Adjusted (Non-GAAP) - As Recast		$	1,291			$	(44	)		$	77			$	1,258			$	244				19.4	%		$	—			$	(82	)		$	7			$	1,089			$	0.77
Currency																																							(47	)			(0.04	)
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	1,042			$	0.73
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			(2	)			—				—				(2	)			(6	)							—				45				—				(41	)			(0.02	)
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			—				—				—				—				—								—				(13	)			—				13				0.01
Adjusted (Non-GAAP)		$	1,104			$	(33	)		$	85			$	1,052			$	196				18.6	%		$	—			$	(89	)		$	7			$	938			$	0.65
Net earnings from divestiture - KDP			—				—				—				—				(2	)							—				23				—				(21	)			(0.02	)
Change in equity method investee items			—				—				—				—				—								—				2				—				(2	)			—
Adjusted (Non-GAAP) - As Recast		$	1,104			$	(33	)		$	85			$	1,052			$	194				18.4	%		$	—			$	(64	)		$	7			$	915			$	0.63
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.

10

Schedule 1.k

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			(2	)			—				—				(2	)			(26	)							—				135				—				(111	)			(0.08	)
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
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
Impact from resolution of tax matters			(20	)			—				28				(48	)			(16	)							—				—				—				(32	)			(0.02	)
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			—				—				—				—				4								—				(72	)			—				68				0.05
Adjusted (Non-GAAP)		$	4,399			$	(141	)		$	340			$	4,200			$	878				20.9	%		$	—			$	(358	)		$	14			$	3,666			$	2.54
Net earnings from divestiture - KDP			—				—				—				—				(5	)							—				75				—				(70	)			(0.04	)
Change in equity method investee items			—				—				—				—				(4	)							—				19				—				(15	)			(0.01	)
Adjusted (Non-GAAP) - As Recast		$	4,399			$	(141	)		$	340			$	4,200			$	869				20.7	%		$	—			$	(264	)		$	14			$	3,581			$	2.49
Currency																																							49				0.03
Adjusted @ Constant FX (Non-GAAP) - As Recast																																						$	3,630			$	2.52
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				—
Gain on divestitures			(44	)			—				—				(44	)			(3	)							—				—				—				(41	)			(0.03	)
Divestiture-related costs			6				—				—				6				—								—				—				—				6				—
Net earnings from divestitures			(16	)			—				—				(16	)			(26	)							—				159				—				(149	)			(0.10	)
Remeasurement of net monetary position			(4	)			—				—				(4	)			—								—				—				—				(4	)			—
Impact from pension participation changes			(35	)			—				(6	)			(29	)			(8	)							—				—				—				(21	)			(0.02	)
CEO transition remuneration			9				—				—				9				—								—				—				—				9				0.01
Loss related to interest rate swaps			—				—				(111	)			111				—								—				—				—				111				0.08
Impact from resolution of tax matters			85				—				—				85				21								—				—				—				64				0.05
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			—				—				—				—				3								—				12				—				(15	)			(0.01	)
Adjusted (Non-GAAP)		$	4,257			$	(66	)		$	338			$	3,985			$	836				21.0	%		$	—			$	(330	)		$	15			$	3,464			$	2.38
Net earnings from divestiture - KDP			—				—				—				—				(1	)							—				63				—				(62	)			(0.05	)
Change in equity method investee items			—				—				—				—				(3	)							—				19				—				(16	)			(0.01	)
Adjusted (Non-GAAP) - As Recast		$	4,257			$	(66	)		$	338			$	3,985			$	832				20.9	%		$	—			$	(248	)		$	15			$	3,386			$	2.32
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.

11

Schedule 2.a

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Twelve Months Ended December 31,
		2022				2021				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	1.96			$	3.04			$	(1.08	)			(35.5	)%
Simplify to Grow Program			0.07				0.17				(0.10	)
Intangible asset impairment charges			0.05				0.02				0.03
Mark-to-market (gains)/losses from derivatives			0.19				(0.17	)			0.36
Acquisition integration costs and contingent consideration adjustments			0.05				(0.02	)			0.07
Inventory step-up			0.01				—				0.01
Acquisition-related costs			0.19				0.01				0.18
Divestiture-related costs			0.01				0.01				—
Net earnings from divestitures			(0.01	)			(0.03	)			0.02
2017 malware incident net recoveries			(0.02	)			—				(0.02	)
European Commission legal matter			0.23				—				0.23
Incremental costs due to war in Ukraine			0.09				—				0.09
Remeasurement of net monetary position			0.03				0.01				0.02
Impact from pension participation changes			0.01				0.02				(0.01	)
Loss on debt extinguishment and related expenses			0.07				0.07				—
Initial impacts from enacted tax law changes			0.01				0.07				(0.06	)
Loss/(gain) on equity method investment transactions			0.02				(0.39	)			0.41
Equity method investee items			(0.01	)			0.04				(0.05	)
Adjusted EPS (Non-GAAP)		$	2.95			$	2.85			$	0.10				3.5	%
Net earnings from divestiture - KDP			(0.05	)			(0.06	)			0.01
Change in equity method investee items			(0.01	)			(0.01	)			—
Adjusted EPS (Non-GAAP) - As Recast		$	2.89			$	2.78			$	0.11				4.0	%
Impact of unfavorable currency			0.23				—				0.23
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	3.12			$	2.78			$	0.34				12.2	%

12

Schedule 2.b

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended December 31,
		2022				2021				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.42			$	0.71			$	(0.29	)			(40.8	)%
Simplify to Grow Program			0.03				(0.03	)			0.06
Mark-to-market (gains)/losses from derivatives			0.06				—				0.06
Acquisition integration costs and contingent consideration adjustments			0.03				0.01				0.02
Acquisition-related costs			(0.04	)			—				(0.04	)
Divestiture-related costs			—				0.01				(0.01	)
2017 malware incident net recoveries			(0.02	)			—				(0.02	)
European Commission legal matter			0.23				—				0.23
Remeasurement of net monetary position			0.01				—				0.01
Loss on equity method investment transactions			0.01				—				0.01
Equity method investee items			—				0.01				(0.01	)
Adjusted EPS (Non-GAAP)		$	0.73			$	0.71			$	0.02				2.8	%
Net earnings from divestiture - KDP			(0.01	)			(0.02	)			0.01
Change in equity method investee items			(0.01	)			—				(0.01	)
Adjusted EPS (Non-GAAP) - As Recast		$	0.71			$	0.69			$	0.02				2.9	%
Impact of unfavorable currency			0.05				—				0.05
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	0.76			$	0.69			$	0.07				10.1	%

13

Schedule 2.c

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended September 30,
		2022				2021				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.39			$	0.89			$	(0.50	)			(56.2	)%
Simplify to Grow Program			0.01				0.06				(0.05	)
Intangible asset impairment charges			0.01				—				0.01
Mark-to-market (gains)/losses from derivatives			0.07				(0.08	)			0.15
Acquisition integration costs and contingent consideration adjustments			0.02				(0.03	)			0.05
Inventory step-up			0.01				—				0.01
Acquisition-related costs			0.21				—				0.21
Net earnings from divestitures			—				(0.01	)			0.01
Remeasurement of net monetary position			0.01				—				0.01
Initial impacts from enacted tax law changes			0.01				—				0.01
Gain on equity method investment transactions			—				(0.13	)			0.13
Adjusted EPS (Non-GAAP)		$	0.74			$	0.70			$	0.04				5.7	%
Net earnings from divestiture - KDP			(0.01	)			(0.01	)			—
Change in equity method investee items			(0.01	)			—				(0.01	)
Adjusted EPS (Non-GAAP) - As Recast		$	0.72			$	0.69			$	0.03				4.3	%
Impact of unfavorable currency			0.07				—				0.07
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	0.79			$	0.69			$	0.10				14.5	%

14

Schedule 2.d

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended June 30,
		2022				2021				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.54			$	0.76			$	(0.22	)			(28.9	)%
Simplify to Grow Program			0.01				0.07				(0.06	)
Intangible asset impairment charges			—				0.02				(0.02	)
Mark-to-market (gains)/losses from derivatives			0.08				(0.02	)			0.10
Acquisition integration costs and contingent consideration adjustments			0.03				—				0.03
Acquisition-related costs			—				0.01				(0.01	)
Net earnings from divestitures			(0.01	)			(0.01	)			—
Incremental costs due to war in Ukraine			(0.01	)			—				(0.01	)
Remeasurement of net monetary position			0.01				—				0.01
Impact from pension participation changes			—				0.02				(0.02	)
Initial impacts from enacted tax law changes			0.01				0.07				(0.06	)
Loss/(gain) on equity method investment transactions			0.01				(0.27	)			0.28
Equity method investee items			(0.01	)			—				(0.01	)
Adjusted EPS (Non-GAAP)		$	0.66			$	0.65			$	0.01				1.5	%
Net earnings from divestiture - KDP			(0.02	)			(0.01	)			(0.01	)
Change in equity method investee items			0.01				—				0.01
Adjusted EPS (Non-GAAP) - As Recast		$	0.65			$	0.64			$	0.01				1.6	%
Impact of unfavorable currency			0.05				—				0.05
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	0.70			$	0.64			$	0.06				9.4	%

15

Schedule 2.e

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended March 31,
		2022				2021				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.61			$	0.68			$	(0.07	)			(10.3	)%
Simplify to Grow Program			0.02				0.07				(0.05	)
Intangible asset impairment charges			0.04				—				0.04
Mark-to-market (gains)/losses from derivatives			(0.02	)			(0.07	)			0.05
Acquisition integration costs and contingent consideration adjustments			(0.01	)			—				(0.01	)
Acquisition-related costs			0.02				0.01				0.01
Net earnings from divestitures			(0.01	)			(0.01	)			—
Incremental costs due to war in Ukraine			0.11				—				0.11
Loss on debt extinguishment and related expenses			0.07				0.07				—
Equity method investee items			—				0.03				(0.03	)
Adjusted EPS (Non-GAAP)		$	0.83			$	0.78			$	0.05				6.4	%
Net earnings from divestiture - KDP			(0.02	)			(0.01	)			(0.01	)
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP) - As Recast		$	0.81			$	0.77			$	0.04				5.2	%
Impact of unfavorable currency			0.06				—				0.06
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	0.87			$	0.77			$	0.10				13.0	%

16

Schedule 2.f

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Twelve Months Ended December 31,
		2021				2020				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	3.04			$	2.47			$	0.57				23.1	%
Simplify to Grow Program			0.17				0.20				(0.03	)
Intangible asset impairment charges			0.02				0.08				(0.06	)
Mark-to-market (gains)/losses from derivatives			(0.17	)			(0.01	)			(0.16	)
Acquisition integration costs and contingent consideration adjustments			(0.02	)			—				(0.02	)
Acquisition-related costs			0.01				0.01				—
Divestiture-related costs			0.01				—				0.01
Net earnings from divestitures			(0.03	)			(0.08	)			0.05
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			0.02				0.01				0.01
Loss related to interest rate swaps			—				0.05				(0.05	)
Loss on debt extinguishment and related expenses			0.07				0.10				(0.03	)
Impact from resolution of tax matters			—				(0.02	)			0.02
Initial impacts from enacted tax law changes			0.07				0.02				0.05
Gain on equity method investment transactions			(0.39	)			(0.55	)			0.16
Equity method investee items			0.04				0.05				(0.01	)
Adjusted EPS (Non-GAAP)		$	2.85			$	2.54			$	0.31				12.2	%
Net earnings from divestiture - KDP			(0.06	)			(0.04	)			(0.02	)
Change in equity method investee items			(0.01	)			(0.01	)			—
Adjusted EPS (Non-GAAP) - As Recast		$	2.78			$	2.49			$	0.29				11.6	%
Impact of favorable currency			(0.08	)			—				(0.08	)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	2.70			$	2.49			$	0.21				8.4	%

17

Schedule 2.g

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

		For the Three Months Ended December 31,
		2021				2020				$ Change				% Change
Diluted EPS attributable to Mondelēz International (GAAP)		$	0.71			$	0.80			$	(0.09	)			(11.3	)%
Simplify to Grow Program			(0.03	)			0.06				(0.09	)
Mark-to-market (gains)/losses from derivatives			—				(0.03	)			0.03
Acquisition integration costs and contingent consideration adjustments			0.01				—				0.01
Divestiture-related costs			0.01				—				0.01
Net earnings from divestitures			—				(0.01	)			0.01
Costs associated with JDE Peet’s transaction			—				(0.01	)			0.01
Loss on debt extinguishment and related expenses			—				0.10				(0.10	)
Impact from resolution of tax matters			—				(0.02	)			0.02
Gain on equity method investment transactions			—				(0.24	)			0.24
Equity method investee items			0.01				0.01				—
Adjusted EPS (Non-GAAP)		$	0.71			$	0.66			$	0.05				7.6	%
Net earnings from divestiture - KDP			(0.02	)			(0.02	)			—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP) - As Recast		$	0.69			$	0.64			$	0.05				7.8	%
Impact of unfavorable currency			0.01				—				0.01
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	0.70			$	0.64			$	0.06				9.4	%

18

Schedule 2.h

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			—				0.02				(0.02	)
Adjusted EPS (Non-GAAP)		$	0.70			$	0.63			$	0.07				11.1	%
Net earnings from divestiture - KDP			(0.01	)			(0.01	)			—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP) - As Recast		$	0.69			$	0.62			$	0.07				11.3	%
Impact of favorable currency			(0.02	)			—				(0.02	)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	0.67			$	0.62			$	0.05				8.1	%

19

Schedule 2.i

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	)			(0.02	)			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)		$	0.65			$	0.60			$	0.05				8.3	%
Net earnings from divestiture - KDP			(0.01	)			(0.01	)			—
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP) - As Recast		$	0.64			$	0.59			$	0.05				8.5	%
Impact of favorable currency			(0.04	)			—				(0.04	)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	0.60			$	0.59			$	0.01				1.7	%

20

Schedule 2.j

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	)			(0.02	)			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			0.03				0.01				0.02
Adjusted EPS (Non-GAAP)		$	0.78			$	0.65			$	0.13				20.0	%
Net earnings from divestiture - KDP			(0.01	)			(0.02	)			0.01
Change in equity method investee items			—				—				—
Adjusted EPS (Non-GAAP) - As Recast		$	0.77			$	0.63			$	0.14				22.2	%
Impact of favorable currency			(0.04	)			—				(0.04	)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	0.73			$	0.63			$	0.10				15.9	%

21

Schedule 2.k

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
Gain on divestitures			—				(0.03	)			0.03
Net earnings from divestitures			(0.08	)			(0.10	)			0.02
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
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
Impact from resolution of tax matters			(0.02	)			0.05				(0.07	)
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			0.05				(0.01	)			0.06
Adjusted EPS (Non-GAAP)		$	2.54			$	2.38			$	0.16				6.7	%
Net earnings from divestiture - KDP			(0.04	)			(0.05	)			0.01
Change in equity method investee items			(0.01	)			(0.01	)			—
Adjusted EPS (Non-GAAP) - As Recast		$	2.49			$	2.32			$	0.17				7.3	%
Impact of unfavorable currency			0.03				—				0.03
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast		$	2.52			$	2.32			$	0.20				8.6	%

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