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Debt and Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings and Related Weighted-Average Interest Rates

Our short-term borrowings and related weighted-average interest rates consisted of: 

			As of December 31,
			2024												2023
			Amount Outstanding						Weighted- Average Rate						Amount Outstanding						Weighted- Average Rate
			(in millions)												(in millions)
Commercial paper			$	—					—		%				$	346					5.5		%
Bank loans			71						12.1		%				74						17.2		%
Total short-term borrowings			$	71											$	420

Schedule of Uncommitted and Committed Credit Lines Available

Our uncommitted credit lines and committed credit lines available include:

			As of December 31,
			2024												2023
			Facility Amount						Borrowed Amount						Facility Amount						Borrowed Amount
			(in millions)
Uncommitted credit facilities (1)			$	784					$	71					$	906					$	74
Credit facilities:
February 21, 2024 (2)			—						—						1,500						—
February 19, 2025 (2)			1,500						—						—						—
February 23, 2027 (2)			4,500						—						4,500						—
Various (3)			—						—						277						277

(1)Prior year facility amount has been revised.

(2)We maintain senior unsecured revolving credit facilities for general corporate purposes, including working capital needs, and to support our commercial paper program. The revolving credit agreements include a covenant that we maintain a minimum shareholders' equity of at least $25.0 billion, excluding accumulated other comprehensive earnings/(losses), the cumulative effects of any changes in accounting principles and earnings/(losses) recognized in connection with the ongoing application of any mark-to-market accounting for pensions and other retirement plans. At December 31, 2024, we complied with this covenant as our shareholders' equity, as defined by the covenant, was $39.4 billion. The revolving credit facility also contains customary representations, covenants and events of default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security.

(3)On April 18, 2023, and subsequently amended on October 3, 2023 and April 4, 2024, we entered into a credit facility secured by pledged deposits classified as long-term other assets. Draw downs on the facility bore a variable rate based on SOFR plus applicable margin. On August 13, 2024, we repaid all amounts borrowed and terminated this credit facility.

Schedule of Long-Term Debt

Our long-term debt consisted of (interest rates are as of December 31, 2024):

			As of December 31,
			2024 (1)						2023
			(in millions)
U.S. dollar notes and term loans, 1.250% to 7.000% (weighted-average effective rate 3.143%), due through 2050			$	8,834					$	9,562
Euro notes, 0.000% to 2.375% (weighted-average effective rate 0.975%),    due through 2041			7,122						7,916
Pound sterling notes, 3.875% to 4.500% (weighted-average effective rate 4.151%),    due through 2045			327						333
Swiss franc notes, 1.125% (effective rate 1.061%),    due through 2025			221						386
Canadian dollar notes, 3.250% to 4.625% (weighted-average effective rate 4.048%),    due through 2030			864						452
Finance leases and other			310						339
Total			17,678						18,988
less: current portion of long-term debt			(2,014)						(2,101)
Long-term debt			$	15,664					$	16,887

(1) Amounts are shown net of unamortized premiums, discounts and bank fees of $(119) million and imputed interest on finance leases of $(28) million.

Schedule of Aggregate Maturities of Debt and Finance Leases

Over the next five years, aggregate principal maturities, including finance leases, of our long-term debt are (in millions):

2025						2026						2027						2028						2029						Thereafter						Total
$2,027						$1,187						$1,576						$1,263						$2,011						$9,761						$17,825

Schedule of Debt Repayments

During 2024, we repaid the following notes (in millions):

Interest Rate						Maturity Date						Amount						USD Equivalent
2.125%						March 2024						$500						$500
2.250%						September 2024 (1)						$500						$500
0.000%						September 2024 (1) (2)						€300						$333
0.750%						September 2024 (1)						$500						$500
0.617%						September 2024						Fr.125						$148

(1)Repaid by Mondelez International Holdings Netherlands B.V. ("MIHN"), a wholly owned Dutch subsidiary of Mondelēz International, Inc.

(2)Repayment of €300 million exchangeable bonds. Refer to Note 10, Financial Instruments for additional detail on these exchangeable bonds.

During 2023, we repaid the following notes (in millions):

Interest Rate

Maturity Date

Amount

USD Equivalent

1.125%

December 2023

Fr.265

$306

Schedule of Debt Issuances

During 2024, we issued the following notes (in millions):

Issuance Date						Interest Rate						Maturity Date						Gross Proceeds (1)						Gross Proceeds USD Equivalent
February 2024						4.750%						February 2029						$550						$550
July 2024						4.625%						July 2031						C$650						$473
August 2024						4.750%						August 2034						$500						$500

(1)Represents gross proceeds from the issuance of notes excluding debt issuance costs, discounts and premiums.

Schedule of Fair Value of Debt

The fair value of our long-term debt was determined using quoted prices in active markets (Level 1 valuation data) for the publicly traded debt obligations.

			As of December 31,
			2024						2023
			(in millions)
Fair Value			$	15,846					$	17,506
Carrying Value			17,749						19,408

Schedule of Interest and Other Expense, Net

Interest and other expense, net within our results of continuing operations consisted of:

			For the Years Ended December 31,
			2024						2023						2022
			(in millions)
Interest expense, debt			$	508					$	550					$	428
Loss on debt extinguishment and related expenses			—						1						129
Other income, net			(328)						(241)						(134)
Interest and other expense, net			$	180					$	310					$	423

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