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Reclassifications from Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Reclassifications from Accumulated Other Comprehensive Income

Note 15. Reclassifications from Accumulated Other Comprehensive Income

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 $84 million in 2023, $21 million in 2022 and $(44) million in 2021.

			For the Years Ended December 31,
			2023						2022						2021
			(in millions)
Currency Translation Adjustments:
Balance at beginning of period			$	(9,808)					$	(9,097)					$	(8,655)
Currency translation adjustments			177						(659)						(481)
Reclassification to earnings related to:
Tax (expense)/benefit			52						(66)						23
Other comprehensive earnings/(losses)			229						(725)						(458)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests			5						14						16
Balance at end of period			(9,574)						(9,808)						(9,097)
Pension and Other Benefit Plans:
Balance at beginning of period			$	(1,105)					$	(1,379)					$	(1,874)
Net actuarial gain/(loss) arising during period			(229)						149						398
Tax (expense)/benefit on net actuarial gain/(loss)			39						(37)						(80)
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (1)			25						57						140
Settlement losses and other expenses (1)			18						16						22
Curtailment credit (1)			—						8						(17)
Tax (benefit) on reclassifications (3)			(11)						(21)						(34)
Currency impact			(60)						102						66
Other comprehensive earnings/(losses)			(218)						274						495
Balance at end of period			(1,323)						(1,105)						(1,379)
Derivative Cash Flow Hedges:
Balance at beginning of period			$	(34)					$	(148)					$	(161)
Net derivative gains/(losses)			(61)						160						163
Tax (expense)/benefit on net derivative gain/(loss)			(4)						(13)						—
Losses/(gains) reclassified into net earnings:
Currency exchange contracts (2)			—						8						—
Interest rate contracts (2)			48						(30)						(152)
Tax (benefit) on reclassifications (3)			4						(17)						(3)
Currency impact			(2)						6						5
Other comprehensive earnings/(losses)			(15)						114						13
Balance at end of period			(49)						(34)						(148)
Accumulated other comprehensive income attributable to    Mondelēz International:
Balance at beginning of period			$	(10,947)					$	(10,624)					$	(10,690)
Total other comprehensive earnings/(losses)			(4)						(337)						50
less: other comprehensive (earnings)/loss attributable to noncontrolling interests			5						14						16
Other comprehensive earnings/(losses) attributable to Mondelēz International			1						(323)						66
Balance at end of period			$	(10,946)					$	(10,947)					$	(10,624)

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

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

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

X

- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//220/tableOfContent

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- References

No definition available.

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