| Schedule of Impact of Change in Accounting Principle on Consolidated Financial Statements |
The following tables show the primary line items on the consolidated statements of earnings and comprehensive earnings and the consolidated balance sheet that changed as a result of the lag. The consolidated statements of cash flow and equity were also updated to reflect these changes. | | | | | | | | | | | | | | | | | | For the Years Ended | | December 31, 2017 | | December 31, 2016 | | As Reported | | As Adjusted | | As Reported | | As Adjusted | | (in millions, except per share data) | Statements of Earnings | | | | | | | | Provision for income taxes | $ | (688 | ) | | $ | (666 | ) | | $ | (129 | ) | | $ | (114 | ) | Equity method investment net earnings | 460 |
| | 344 |
| | 301 |
| | 262 |
| Net earnings | 2,936 |
| | 2,842 |
| | 1,669 |
| | 1,645 |
| Net earnings attributable to Mondelēz International | 2,922 |
| | 2,828 |
| | 1,659 |
| | 1,635 |
| Earnings per share attributable to Mondelēz International: | | | | | | | | Basic EPS | $ | 1.93 |
| | $ | 1.87 |
| | $ | 1.07 |
| | $ | 1.05 |
| Diluted EPS | $ | 1.91 |
| | $ | 1.85 |
| | $ | 1.05 |
| | $ | 1.04 |
| | | | | | | | | Statements of Other Comprehensive Earnings | | | | | | | | Currency translation adjustment | $ | 1,201 |
| | $ | 1,198 |
| | $ | (925 | ) | | $ | (921 | ) | Total other comprehensive earnings/(losses) | 1,152 |
| | 1,149 |
| | (1,153 | ) | | (1,149 | ) | Comprehensive earnings attributable to Mondelēz International | 4,046 |
| | 3,949 |
| | 523 |
| | 503 |
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| | | | | | | | | | As of December 31, 2017 | | As Reported | | As Adjusted | | (in millions) | Balance Sheet | | | | Equity method investments | $ | 6,345 |
| | $ | 6,193 |
| Deferred income taxes | 3,376 |
| | 3,341 |
| Retained earnings | 22,749 |
| | 22,631 |
| Accumulated other comprehensive losses | (9,998 | ) | | (9,997 | ) | Total Mondelēz International shareholders' equity | 26,111 |
| | 25,994 |
| Total equity | 26,191 |
| | 26,074 |
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| Schedule of Summarized Financial Information of Equity Method Investments |
Summarized financial information related to our equity method investments is reflected below. The tables below reflect the adjustments noted above for the Keurig and KDP one-quarter lag.
| | | | | | | | | | | | | | | | As of December 31, | | | | 2018 | | 2017 | | | | (in millions) | Current assets | | | $ | 5,695 |
| | $ | 5,033 |
| Noncurrent assets | | | 69,445 |
| | 38,320 |
| Total assets | | | $ | 75,140 |
| | $ | 43,353 |
| Current liabilities | | | $ | 9,434 |
| | $ | 5,709 |
| Noncurrent liabilities | | | 29,296 |
| | 16,510 |
| Total liabilities | | | $ | 38,730 |
| | $ | 22,219 |
| Equity attributable to shareowners of investees | | | $ | 36,365 |
| | $ | 21,064 |
| Equity attributable to noncontrolling interests | | | 46 |
| | 71 |
| Total net equity of investees | | | $ | 36,411 |
| | $ | 21,135 |
| Mondelēz International ownership interests | | | 13-50% |
| | 24-50% |
| Mondelēz International share of investee net equity (1) | | | $ | 7,123 |
| | $ | 5,753 |
| Keurig shareholder loan | | | — |
| | 440 |
| Equity method investments | | | $ | 7,123 |
| | $ | 6,193 |
| | | | | | | | For the Years Ended December 31, | | 2018 | | 2017 | | 2016 | | (in millions) | Net revenues | $ | 14,185 |
| | $ | 12,824 |
| | $ | 9,709 |
| Gross profit | 6,076 |
| | 4,913 |
| | 3,748 |
| Income from continuing operations | 1,980 |
| | 1,118 |
| | 680 |
| Net income | 1,980 |
| | 1,118 |
| | 680 |
| Net income attributable to investees | $ | 1,970 |
| | $ | 1,115 |
| | $ | 679 |
| Mondelēz International ownership interests | 13-50% |
| | 24-50% |
| | 24-50% |
| Mondelēz International share of investee net income | $ | 536 |
| | $ | 320 |
| | $ | 242 |
| Keurig shareholder loan interest income | 12 |
| | 24 |
| | 20 |
| Equity method investment net earnings | $ | 548 |
| | $ | 344 |
| | $ | 262 |
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(1) Includes a basis difference of approximately $340 million as of December 31, 2018 and $360 million as of December 31, 2017 between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of our investees’ equity.
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