Note 14. Earnings Per Share
Basic and diluted earnings per share (“EPS”) were
calculated as follows:
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For the Three Months Ended
June 30, |
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For the Six Months Ended
June 30, |
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2017 |
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2016 |
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2017 |
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2016 |
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(in millions,
except per share data) |
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Net earnings
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$ |
500 |
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$ |
471 |
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$ |
1,133 |
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$ |
1,028 |
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Noncontrolling interest (earnings)
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(2 |
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(7 |
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(5 |
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(10 |
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Net earnings attributable to Mondelēz International
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$ |
498 |
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$ |
464 |
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$ |
1,128 |
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$ |
1,018 |
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Weighted-average shares for basic EPS
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1,519 |
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1,557 |
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1,524 |
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1,563 |
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Plus incremental shares from assumed conversions
of stock options and long-term incentive plan shares
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20 |
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19 |
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20 |
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18 |
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Weighted-average shares for diluted EPS
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1,539 |
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1,576 |
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1,544 |
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1,581 |
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Basic earnings per share attributable to
Mondelēz International
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$ |
0.33 |
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$ |
0.30 |
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$ |
0.74 |
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$ |
0.65 |
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Diluted earnings per share attributable to
Mondelēz International
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$ |
0.32 |
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$ |
0.29 |
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$ |
0.73 |
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$ |
0.64 |
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We exclude antidilutive Mondelēz International stock options
from our calculation of weighted-average shares for diluted EPS. We
excluded antidilutive stock options of 8.6 million for the
three months and 7.7 million for the six months ended
June 30, 2017 and 6.5 million for the three months and
10.2 million for the six months ended June 30, 2016.
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