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Benefit Plans | 9 Months Ended
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Sep. 30, 2024
Retirement Benefits [Abstract] |
Benefit Plans | Note 10. Benefit Plans Pension Plans Components of Net Periodic Pension Cost Net periodic pension cost/(benefit) consisted of the following:
| U.S. Plans |  | Non-U.S. Plans
| For the Three Months Ended September 30, |  | For the Three Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in millions)
Service cost | $ | — |  |  | $ | — |  |  | $ | 16 |  |  | $ | 13 |
Interest cost | 15 |  |  | 16 |  |  | 72 |  |  | 76 |
Expected return on plan assets | (23) |  |  | (24) |  |  | (108) |  |  | (101) |
Amortization: |  |  |  |  |  |  |
Net loss from experience differences | — |  |  | — |  |  | 16 |  |  | 10 |
Prior service cost | 1 |  |  | — |  |  | — |  |  | — |
Settlement losses and other expenses | 3 |  |  | 5 |  |  | — |  |  | — |
Net periodic pension benefit | $ | (4) |  |  | $ | (3) |  |  | $ | (4) |  |  | $ | (2) |
| U.S. Plans |  | Non-U.S. Plans
| For the Nine Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in millions)
Service cost | $ | 2 |  |  | $ | 2 |  |  | $ | 46 |  |  | $ | 40 |
Interest cost | 45 |  |  | 48 |  |  | 214 |  |  | 228 |
Expected return on plan assets | (69) |  |  | (73) |  |  | (324) |  |  | (303) |
Amortization: |  |  |  |  |  |  |
Net loss from experience differences | — |  |  | — |  |  | 48 |  |  | 31 |
Prior service cost | 1 |  |  | 1 |  |  | — |  |  | — |
Settlement losses and other expenses | 9 |  |  | 13 |  |  | — |  |  | — |
Net periodic pension benefit | $ | (12) |  |  | $ | (9) |  |  | $ | (16) |  |  | $ | (4) |
Employer Contributions During the nine months ended September 30, 2024, we contributed $2 million to our U.S. pension plans and $61 million to our non-U.S. pension plans. We make contributions to our pension plans in accordance with local funding arrangements and statutory minimum funding requirements. Discretionary contributions are made to the extent that they are tax deductible and do not generate an excise tax liability. As of September 30, 2024, we plan to make further contributions of approximately $2 million to our U.S. plans and $18 million to our non-U.S. plans for the remainder of 2024. Our actual contributions may be different due to many factors, including changes in tax and other benefit laws, significant differences between expected and actual pension asset performance or interest rates. As of October 2024, we intend to terminate the Mondelēz Global LLC Retirement Plan (“MDLZ Global Plan”), pending completion of applicable regulatory approvals. The MDLZ Global Plan is the pension plan for US salaried employees and the termination process is part of a pension buyout transaction which is expected to be completed in 2025. The participants have been notified of the Company’s intent to terminate the MDLZ Global Plan. Multiemployer Pension Plans On July 11, 2019, we received an undiscounted withdrawal liability assessment from the Bakery and Confectionery Union and Industry International Pension Fund totaling $491 million requiring pro-rata monthly payments over 20 years beginning in the third quarter of 2019. In connection with the discounted long-term liability, we recorded accreted interest of $2 million for the three months ended September 30, 2024 and $3 million for the three months ended September 30, 2023 and $7 million for the nine months ended September 30, 2024 and $8 million for the nine months ended September 30, 2023, within Interest and other expense, net in the condensed consolidated statement of earnings. As of September 30, 2024, the remaining discounted withdrawal liability was $316 million, with $16 million recorded in Other current liabilities and $300 million recorded in Long-term other liabilities in the condensed consolidated balance sheet. Postretirement and Postemployment Benefit Plans The net periodic postretirement (benefit)/cost was $(3) million for the three months ended September 30, 2024 and $(8) million for the nine months ended September 30, 2024 and $(2) million for the three months ended September 30, 2023 and $(4) million for the nine months ended September 30, 2023. The net periodic postemployment cost was $5 million for the three months ended September 30, 2024 and $16 million for the nine months ended September 30, 2024 and $2 million for the three months ended September 30, 2023 and $3 million for the nine months ended September 30, 2023.

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