Reclassifications from Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Earnings/(Losses)

The following table summarizes the changes in accumulated balances of each component of accumulated other comprehensive earnings/(losses) attributable to Mondelēz International. Amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax) were net (losses)/gains of $(2) million in the second quarter of 2024 and $11 million in the second quarter of 2023 and $21 million in the first six months of 2024 and $41 million in the first six months of 2023.


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(9,790)	$	(9,659)	$	(9,574)	$	(9,808)
Currency translation adjustments	(408)		139		(590)		312


Tax (expense)/benefit	19		7		(21)		(15)
Other comprehensive earnings/(losses)	(389)		146		(611)		297
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	2		8		8		6
Balance at end of period	(10,177)		(9,505)		(10,177)		(9,505)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,285)	$	(1,111)	$	(1,323)	$	(1,105)
Net actuarial gain/(loss) arising during period	(1)		(1)		(6)		1
Tax (expense)/benefit on net actuarial gain/(loss)	1		—		1		—
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (1)	14		5		26		13
Settlement losses and other expenses (1)	—		3		6		8

Tax expense/(benefit) on reclassifications (3)	(4)		(3)		(8)		(6)
Currency impact	(2)		(26)		27		(44)
Other comprehensive earnings/(losses)	8		(22)		46		(28)
Balance at end of period	(1,277)		(1,133)		(1,277)		(1,133)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(57)	$	(44)	$	(49)	$	(34)
Net derivative gains/(losses)	1		(38)		26		(66)
Tax (expense)/benefit on net derivative gain/(loss)	3		4		6		1
Losses/(gains) reclassified into net earnings:

Interest rate contracts (2)	(7)		5		(43)		23
Tax expense/(benefit) on reclassifications (3)	(1)		1		(2)		3
Currency impact	—		—		1		1
Other comprehensive earnings/(losses)	(4)		(28)		(12)		(38)
Balance at end of period	(61)		(72)		(61)		(72)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(11,132)	$	(10,814)	$	(10,946)	$	(10,947)
Total other comprehensive earnings/(losses)	(385)		96		(577)		231
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	2		8		8		6
Other comprehensive earnings/(losses) attributable to Mondelēz International	(383)		104		(569)		237
Balance at end of period	$	(11,515)	$	(10,710)	$	(11,515)	$	(10,710)

(1)These reclassified losses are included in net periodic benefit costs disclosed in Note 10, Benefit Plans.

(2)These reclassified gains or losses are recorded within interest and other expense, net.

(3)Taxes reclassified to earnings are recorded within the provision for income taxes.