XML 53 R38.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Reclassifications from Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
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 gains of $23 million in the first quarter of 2024 and $30 million in the first quarter of 2023.
For the Three Months Ended
March 31,
20242023
(in millions)
Currency Translation Adjustments:
Balance at beginning of period$(9,574)$(9,808)
Currency translation adjustments(182)173 
Tax (expense)/benefit(40)(22)
Other comprehensive earnings/(losses)(222)151 
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests6 (2)
Balance at end of period(9,790)(9,659)
Pension and Other Benefit Plans:
Balance at beginning of period$(1,323)$(1,105)
Net actuarial gain/(loss) arising during period(5)2 
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (1)
12 8 
Settlement losses and other expenses (1)
6 5 
Tax expense/(benefit) on reclassifications (3)
(4)(3)
Currency impact29 (18)
Other comprehensive earnings/(losses)38 (6)
Balance at end of period(1,285)(1,111)
Derivative Cash Flow Hedges:
Balance at beginning of period$(49)$(34)
Net derivative gains/(losses)25 (28)
Tax (expense)/benefit on net derivative gain/(loss)3 (3)
Losses/(gains) reclassified into net earnings:
Interest rate contracts (2)
(36)18 
Tax expense/(benefit) on reclassifications (3)
(1)2 
Currency impact1 1 
Other comprehensive earnings/(losses)(8)(10)
Balance at end of period(57)(44)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period$(10,946)$(10,947)
Total other comprehensive earnings/(losses)(192)135 
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests6 (2)
Other comprehensive earnings/(losses) attributable to Mondelēz International(186)133 
Balance at end of period$(11,132)$(10,814)

(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.