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Benefit Plans | 6 Months Ended
--- | ---
Jun. 30, 2025
Retirement Benefits [Abstract] |
Benefit Plans | Note 9. 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 June 30, |  | For the Three Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in millions)
Service cost | $ | — |  |  | $ | 1 |  |  | $ | 16 |  |  | $ | 15 |
Interest cost | 17 |  |  | 15 |  |  | 66 |  |  | 71 |
Expected return on plan assets | (20) |  |  | (23) |  |  | (107) |  |  | (108) |
Amortization of net loss and prior service cost | 2 |  |  | — |  |  | 18 |  |  | 16 |
Settlement losses | 288 |  |  | — |  |  | — |  |  | — |
Net periodic pension cost/(benefit) | $ | 287 |  |  | $ | (7) |  |  | $ | (7) |  |  | $ | (6) |
| U.S. Plans |  | Non-U.S. Plans
| For the Six Months Ended June 30, |  | For the Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in millions)
Service cost | $ | 1 |  |  | $ | 2 |  |  | $ | 31 |  |  | $ | 30 |
Interest cost | 26 |  |  | 30 |  |  | 135 |  |  | 142 |
Expected return on plan assets | (33) |  |  | (46) |  |  | (211) |  |  | (216) |
Amortization of net loss and prior service cost | 2 |  |  | — |  |  | 35 |  |  | 32 |
Settlement losses | 292 |  |  | 6 |  |  | — |  |  | — |
Net periodic pension cost/(benefit) | $ | 288 |  |  | $ | (8) |  |  | $ | (10) |  |  | $ | (12) |
Employer Contributions During the six months ended June 30, 2025, we contributed $1 million and $45 million to our U.S. and non-U.S. pension plans, respectively. 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 June 30, 2025, we plan to make further contributions of approximately $10 million to our U.S. plans and $23 million to our non-U.S. plans for the remainder of 2025. However, 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 changes in interest rates. Mondelēz Global LLC Retirement Plan Settlement During the third quarter of 2024, we entered into agreements with two third-party insurance companies to purchase buy-in annuity contracts to cover the liabilities associated with the Mondelēz Global LLC Retirement Plan (“MDLZ Global Plan”), the pension plan for U.S. salaried employees. The agreements provided us with the option to elect a buy-out conversion, at which time full responsibility of the MDLZ Global Plan obligations would transfer to the insurance companies. On June 12, 2025 we elected the buy-out conversion and recognized a non-cash pre-tax settlement loss of $282 million as a component of our net periodic pension cost in the second quarter of 2025. That settlement loss is recorded within Benefit plan non-service (expense)/income in the condensed consolidated statements of earnings. Multiemployer Pension Plans On July 11, 2019, we received a withdrawal liability assessment from the Bakery and Confectionery Union and the Industry International Pension Fund requiring pro-rata monthly payments over 20 years and we recorded a discounted liability of $491 million at that time. In connection with the discounted long-term liability, we recorded accreted interest of $3 million for both the three months ended June 30, 2025 and 2024 and $5 million for both the six months ended June 30, 2025 and 2024 within Interest and other expense, net in the condensed consolidated statements of earnings. As of June 30, 2025, the remaining discounted withdrawal liability was $302 million, with $16 million recorded in Other current liabilities and $286 million recorded in Other liabilities in the condensed consolidated balance sheets. Postretirement and Postemployment Benefit Plans The net periodic postretirement benefit was $3 million and $2 million for the three months ended June 30, 2025 and 2024, respectively, and $6 million and $5 million for the six months ended June 30, 2025 and 2024, respectively. The net periodic postemployment cost was $6 million for both the three months ended June 30, 2025 and 2024 and $11 million for both the six months ended June 30, 2025 and 2024.

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