Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

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

	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

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

(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.