Net actuarial gain / (loss) arising during period

(147)

(150)

Pension and other benefits:

Reclassification of (gains) / losses into net earnings:

Amortization of experience losses and prior service costs

^[1]

100

^[1]

145

^[1]

(2)

^[1]

Derivatives accounted for as hedges:

(26)

(11)

(47)

(37)

Net derivative gains / (losses)

(78)

133

Reclassification of (gains) / losses into net earnings

(18)

(22)

Total other comprehensive earnings / (losses)

(8)

(65)

(1,842)

864

(1,714)

(685)

Comprehensive earnings / (losses)

(940)

1,882

(20)

1,477

less: Comprehensive earnings / (losses) attributable to noncontrolling interests

(15)

(9)

Comprehensive earnings / (losses) attributable to Mondelez International

$ (925)

$ 1,872

$ (11)

$ 1,467

[1]	These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.

Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 1,704	$ 2,664
Receivables (net of allowances of $73 in 2014 and $86 in 2013)	5,352	5,403
Inventories, net	4,122	3,743
Deferred income taxes	433	517
Other current assets	1,235	889
Total current assets	12,846	13,216
Property, plant and equipment, net	10,152	10,247
Goodwill	24,399	25,597
Intangible assets, net	21,110	21,994
Prepaid pension assets	65	54
Other assets	1,395	1,449
TOTAL ASSETS	69,967	72,557
LIABILITIES
Short-term borrowings	1,807	1,636
Current portion of long-term debt	2,084	1,003
Accounts payable	5,184	5,345
Accrued marketing	1,920	2,318
Accrued employment costs	990	1,043
Other current liabilities	2,630	3,051
Total current liabilities	14,615	14,396
Long-term debt	13,988	14,482
Deferred income taxes	5,753	6,282
Accrued pension costs	1,826	1,962
Accrued postretirement health care costs	439	412
Other liabilities	2,390	2,491
TOTAL LIABILITIES	39,011	40,025
Commitments and Contingencies (Note 12)
EQUITY
Common Stock, no par value (1,996,537,778 shares issued in 2014 and 2013)
Additional paid-in capital	31,612	31,396
Retained earnings	14,298	13,419
Accumulated other comprehensive losses	(4,584)	(2,889)
Treasury stock, at cost (316,781,314 shares at September 30, 2014 and 291,141,184 shares at December 31, 2013)	(10,482)	(9,553)
Total Mondelez International Shareholders' Equity	30,844	32,373
Noncontrolling interest	112	159
TOTAL EQUITY	30,956	32,532
TOTAL LIABILITIES AND EQUITY	$ 69,967	$ 72,557

Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Receivables, allowances	$ 73	$ 86
Common Stock, no par value
Common Stock, shares issued	1,996,537,778	1,996,537,778
Treasury stock, shares	316,781,314	291,141,184

Condensed Consolidated Statements of Equity (USD $) In Millions, unless otherwise specified	Total	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Earnings/(Losses)	Treasury Stock	Noncontrolling Interest
Balances at Dec. 31, 2012	$ 32,416	$ 31,548	$ 10,551	$ (2,666)	$ (7,157)	$ 140
Comprehensive earnings / (losses):
Net earnings	3,935		3,915			20
Other comprehensive losses, net of income taxes	(223)			(223)
Exercise of stock options and issuance of other stock awards	256	10	(97)		343
Common Stock repurchased	(2,900)	(161)			(2,739)
Cash dividends declared ($0.43 per share for 2014 and $0.54 per share for 2013)	(950)		(950)
Dividends paid on noncontrolling interest and other activities	(2)	(1)				(1)
Balances at Dec. 31, 2013	32,532	31,396	13,419	(2,889)	(9,553)	159
Comprehensive earnings / (losses):
Net earnings	1,694		1,684			10
Other comprehensive losses, net of income taxes	(1,714)			(1,695)		(19)
Exercise of stock options and issuance of other stock awards	437	232	(78)		283
Common Stock repurchased	(1,212)				(1,212)
Cash dividends declared ($0.43 per share for 2014 and $0.54 per share for 2013)	(727)		(727)
Dividends paid on noncontrolling interest and other activities	(54)	(16)				(38)
Balances at Sep. 30, 2014	$ 30,956	$ 31,612	$ 14,298	$ (4,584)	$ (10,482)	$ 112

Condensed Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES
Net earnings	$ 1,694	$ 2,162
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	797	808
Stock-based compensation expense	104	98
Deferred income tax benefit	(255)	(176)
Gains on acquisition and divestitures, net		(28)
Asset impairments	77	36
Benefit from indemnification resolution		(385)
Loss on early extinguishment of debt	493
Unrealized gain on planned coffee business divestiture currency hedge	(413)
Other non-cash items, net	(28)	52
Change in assets and liabilities, net of acquisitions and divestitures:
Receivables, net	(163)	(100)
Inventories, net	(625)	(502)
Accounts payable	19	(30)
Other current assets	(106)	17
Other current liabilities	(430)	(796)
Change in pension and postretirement assets and liabilities, net	(15)	42
Net cash provided by operating activities	1,149	1,198
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES
Capital expenditures	(1,129)	(1,028)
Acquisition, net of cash received		(119)
Proceeds from divestitures, net of disbursements		48
Cash received from Kraft Foods Group related to the Spin-Off		55
Other	29	29
Net cash used in investing activities	(1,100)	(1,015)
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES
Issuances of commercial paper, maturities greater than 90 days	1,986	726
Repayments of commercial paper, maturities greater than 90 days	(2,072)	(70)
Net (repayments) / issuances of other short-term borrowings, net	279	1,604
Long-term debt proceeds	3,032
Long-term debt repaid	(2,524)	(1,750)
Repurchase of Common Stock	(1,020)	(793)
Dividends paid	(713)	(696)
Other	163	98
Net cash used in financing activities	(869)	(881)
Effect of exchange rate changes on cash and cash equivalents	(140)	(85)
Cash and cash equivalents:
Increase / (decrease)	(960)	(783)
Balance at beginning of period	2,664	4,475
Balance at end of period	$ 1,704	$ 3,692

Basis of Presentation

9 Months Ended

Sep. 30, 2014

Basis of Presentation

Note 1. Basis of Presentation

The condensed consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries.

Our interim condensed consolidated financial statements are unaudited. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted. It is management’s opinion that these financial statements include all normal and recurring adjustments necessary for a fair presentation of our financial position and operating results. Net revenues and net earnings for any interim period are not necessarily indicative of future or annual results.

We derived the condensed consolidated balance sheet data as of December 31, 2013 from audited financial statements, but do not include all disclosures required by U.S. GAAP. You should read these statements in conjunction with our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 31, 2013.

Revision of Financial Statements:

In finalizing our 2013 results, we identified certain out-of-period, non-cash, income tax-related errors in prior interim and annual periods. These errors were not material to any previously reported financial results; however, we revised our 2013 interim and prior-year financial statements and accompanying notes in our Annual Report on Form 10-K for the year ended December 31, 2013, to reflect these items in the appropriate periods. The net effect of the revision was to lower tax expense in years prior to 2013. The impact of the revision for the nine months ended September 30, 2013 was a $59 million reduction of net earnings. The impact of the revision to fiscal years prior to 2013 was an increase in cumulative net earnings of $94 million.

We evaluated the cumulative impact of the errors on prior periods under the guidance in Accounting Standards Codification (“ASC”) 250-10, Accounting Changes and Error Corrections, and the guidance from the Securities and Exchange Commission (“SEC”) in Staff Accounting Bulletin (“SAB”) No. 99, Materiality. We also evaluated the impact of correcting the errors through an adjustment to our financial statements under the guidance in ASC 250-10 relating to SAB No. 108, Considering the Effects of Prior Year Misstatements When Quantifying Misstatements in Current Year Financial Statements. We concluded that these errors were not material, individually or in the aggregate, to any of the prior reporting periods and, therefore, amendments of previously filed reports were not required.

The effects of the revision on the condensed consolidated financial statements for the three and nine months ended September 30, 2013 are detailed below.

Condensed Consolidated Statement of Earnings


	For the Three Months Ended							For the Nine Months Ended
	September 30, 2013							September 30, 2013
	Reported		Correction			Revised		Reported		Correction			Revised
	(in millions, except per share data)

Provision / (benefit) for income taxes	$	14	$	12		$	26	$	8	$	59		$	67
Net earnings		1,030		(12	)		1,018		2,221		(59	)		2,162
Net earnings attributable to Mondelēz International		1,024		(12	)		1,012		2,208		(59	)		2,149
Net earnings attributable to Mondelēz International:
Per share, basic	$	0.58	$	(0.01	)	$	0.57	$	1.24	$	(0.03	)	$	1.21
Per share, diluted	$	0.57	$	(0.01	)	$	0.56	$	1.23	$	(0.03	)	$	1.20

Condensed Consolidated Statement of Comprehensive Earnings


	For the Three Months Ended							For the Nine Months Ended
	September 30, 2013							September 30, 2013
	Reported		Correction			Revised		Reported			Correction			Revised
	(in millions)

Net earnings	$	1,030	$	(12	)	$	1,018	$	2,221		$	(59	)	$	2,162
Translation adjustment		778		(4	)		774		(931	)		3			(928	)
Total other comprehensive earnings / (losses)		868		(4	)		864		(688	)		3			(685	)
Comprehensive earnings		1,898		(16	)		1,882		1,533			(56	)		1,477
Comprehensive earnings attributable to Mondelēz International		1,888		(16	)		1,872		1,523			(56	)		1,467

Condensed Consolidated Statement of Cash Flows

								For the Nine Months Ended
								September 30, 2013
								Reported			Correction			Revised
								(in millions)

Net earnings								$	2,221		$	(59	)	$	2,162
Deferred income tax benefit									(237	)		61			(176	)
Other non-cash items, net									46			6			52
Change in other current assets									16			1			17
Change in other current liabilities									(787	)		(9	)		(796	)
Net cash provided by operating activities									1,198			–			1,198

Currency Translation and Highly Inflationary Accounting:

We translate the results of operations of our subsidiaries from multiple currencies using average exchange rates during each period and translate balance sheet accounts using exchange rates at the end of each period. We record currency translation adjustments as a component of equity and realized exchange gains and losses on transactions in earnings.

Venezuela. As prescribed by U.S. GAAP for highly inflationary economies, we have been accounting for the results of our Venezuelan subsidiaries using the U.S. dollar as the functional currency since January 1, 2010.

On February 8, 2013, the Venezuelan government announced the devaluation of the official Venezuelan bolivar exchange rate from 4.30 bolivars to 6.30 bolivars to the U.S. dollar and the elimination of the second-tier, government-regulated SITME exchange rate previously applied to value certain types of transactions. In connection with the announced changes, we recorded a $54 million currency remeasurement loss related to the devaluation of our net monetary assets in Venezuela within selling, general and administrative expenses in our Latin America segment during the three months ended March 31, 2013.

On January 24, 2014, the Venezuelan government announced the expansion of the auction-based currency transaction program referred to as SICAD or SICAD I and new profit margin controls. The application of the SICAD I rate was extended to include foreign investments and significant operating activities, including contracts for leasing and services, use and exploitation of patents and trademarks, payments of royalties and contracts for technology import and technical assistance. As of September 30, 2014, the SICAD I exchange rate for the food segment auctions in which we participate was 11.50 bolivars to the U.S. dollar.

Additionally, on March 24, 2014, the Venezuelan government launched a new market-based currency exchange market, SICAD II. SICAD II may be used voluntarily to exchange bolivars into U.S. dollars. As of September 30, 2014, the SICAD II exchange rate was 49.99 bolivars to the U.S. dollar.

Our Venezuelan operations produce a wide range of biscuit, cheese & grocery, confectionery and beverage products. Based on the currency exchange developments this quarter, we have reviewed our domestic and international sourcing of goods and services and the exchange rates we believe will be applicable. We evaluated the level of primarily raw material imports that we believe would continue to be sourced in exchange for U.S. dollars converted at the official 6.30 exchange rate. Our remaining imported goods and services would primarily be valued at the SICAD I exchange rate. Imports that do not currently qualify for either the official rate or SICAD I rate may be sourced at the SICAD II rate.

We believe the SICAD I rate is the most appropriate rate to use as it is most representative of the various exchange rates at which U.S. dollars are currently available to our entire Venezuelan business. While some of our net monetary assets or liabilities qualify for settlement at the official exchange rate, other operations do not, and we have utilized both the SICAD I and SICAD II auction processes. In addition, there is significant uncertainty about our ability to secure approval for transactions and the limited availability of U.S. dollars offered at the official rate. As such, we believe it is more economically representative to use the SICAD I rate than the official rate to value our net monetary assets and translate future operating results.

As of March 31, 2014, we began to apply the SICAD I exchange rate to remeasure our bolivar-denominated net monetary assets, and we began translating our Venezuelan operating results at the new rate in the second quarter of 2014. On March 31, 2014, we recognized a $142 million currency remeasurement loss within selling, general and administrative expenses of our Latin America segment as a result of revaluing our bolivar-denominated net monetary assets from the official exchange rate of 6.30 bolivars to the U.S. dollar to the then-prevailing SICAD I exchange rate of 10.70 bolivars to the U.S. dollar. In addition to the $142 million currency remeasurement loss in the first quarter of 2014, we recognized $19 million of additional remeasurement charges in operating income during the three months ended September 30, 2014 related to changes in the SICAD I rate.

The following table sets forth net revenues for our Venezuelan operations for the three and nine months ended September 30, 2014 (measured at the 6.30 official rate in the first quarter and at the SICAD I rate subsequent to the March 31, 2014 remeasurement), and cash, net monetary assets and net assets of our Venezuelan subsidiaries as of September 30, 2014 (translated at the SICAD I last exchange rate for food segment auctions in which we participate, which was 11.50 bolivars to the U.S. dollar):


Venezuela operations		Three Months Ended September 30, 2014
Net revenues		$192 million or 2.3% of consolidated net revenue

		Nine Months Ended September 30, 2014
Net revenues		$584 million or 2.3% of consolidated net revenue

		As of September 30, 2014
Cash		$275 million
Net monetary assets		$271 million
Net assets		$514 million

The SICAD I and II rates are variable rates. Unlike the official rate that was devalued and fixed at 6.30 bolivars to the U.S. dollar, the SICAD I rate reflects currently offered rates based on recently cleared auction transactions, and the SICAD II rate reflects voluntary market-based currency exchange transactions cleared by the Central Bank of Venezuela. As such, these rates are expected to vary over time. If any of the rates, or application of the rates to our business, were to change, we may recognize additional currency losses or gains, which could be significant.

In light of the current difficult macroeconomic environment in Venezuela, we continue to monitor and actively manage our investment and exposures in Venezuela. We have taken protective measures against currency devaluation, such as converting monetary assets into non-monetary assets that we can use in our business. However, suitable protective measures have become less available and more expensive and may not be available to offset further currency devaluation that could occur.

Argentina. On January 23, 2014, the Central Bank of Argentina adjusted its currency policy, removed its currency stabilization measures and allowed the Argentine peso exchange rate to float relative to the U.S. dollar. On that day, the value of the Argentine peso relative to the U.S. dollar fell by 15%, and from December 31, 2013 through September 30, 2014, the value of the peso declined 30%. Further volatility and declines in the exchange rate are expected. Based on the current state of Argentine currency rules and regulations, the business environment remains challenging; however, we do not expect the existing controls and restrictions to have a material adverse effect on our business, financial condition or results of operations. Our Argentinian operations contributed approximately $180 million, or 2.2% of consolidated net revenues, in the three months and $520 million, or 2.0% of consolidated net revenues, in the nine months ended September 30, 2014. Argentina is not designated as a highly-inflationary economy at this time for accounting purposes, so we continue to record currency translation adjustments within equity and realized exchange gains and losses on transactions in earnings.

Accounting Calendar Change:

In connection with moving toward a common consolidation date across the company, in the first quarter of 2013, we changed the consolidation date for our Europe segment. Previously, this segment primarily reported results as of the last Saturday of each period. Subsequent to the change, our Europe segment reports results as of the last calendar day of the period. At this time, the majority of our operating subsidiaries report results as of the last calendar day of the period. Our North American operating subsidiaries report results as of the last Saturday of the period. The change in the consolidation date for our Europe segment had a favorable impact of $19 million on net revenues and $3 million on operating income for the three and nine months ended September 30, 2013.

New Accounting Pronouncements:

In May 2014, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) on revenue recognition from contracts with customers. The new ASU outlines a new, single comprehensive model for companies to use in accounting for revenue. The core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for the goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts, including significant judgments made in recognizing revenue. The guidance is effective for annual reporting periods beginning after December 15, 2016, with early adoption prohibited. The ASU may be applied retrospectively to historical periods presented or as a cumulative-effect adjustment as of the date of adoption. We will adopt the new standard on January 1, 2017 and are currently assessing the impact of the new standard on our consolidated financial statements.

In April 2014, the FASB issued an accounting standards update on the reporting of discontinued operations. The guidance changed the definition of a discontinued operation to include dispositions that represent a strategic shift and have a major effect on operations and financial results. Strategic shifts may include the disposal of operations in a major geographical area, a major line of business, a major investment accounted for under the equity method or other major parts of an entity. For disposals that qualify, additional disclosures, including cash flow and balance sheet information for the discontinued operation, will be required. The guidance is effective for fiscal years and interim reporting periods beginning on or after December 15, 2014, with early adoption permitted. We will apply these provisions to prospective divestitures beginning in 2015, including the planned coffee business transactions. Please see Note 2, Divestitures and Acquisition – Planned Coffee Business Transactions, for additional information.

Divestitures and Acquisition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Divestitures and Acquisition

9 Months Ended

Sep. 30, 2014

Note 2. Divestitures and Acquisition

Planned Coffee Business Transactions:

On May 7, 2014, we announced that we entered into an agreement to combine our wholly owned coffee portfolio (outside of France) with D.E Master Blenders 1753 B.V. In conjunction with this transaction, Acorn Holdings B.V. (“AHBV”), owner of D.E Master Blenders 1753, has made a binding offer to receive our coffee business in France. The parties have also invited our partners in certain joint ventures to join the new company. The transactions remain subject to regulatory approvals and the completion of employee information and consultation requirements.

Upon completion of all proposed transactions, we will receive cash of approximately €4 billion and a 49 percent equity interest in the new company, to be called Jacobs Douwe Egberts. AHBV will hold a majority share in the proposed combined company and will have a majority of the seats on the board, which will be chaired by current D.E Master Blenders 1753 Chairman Bart Becht. AHBV is owned by an investor group led by JAB Holding Company s.à r.l. We will have certain minority rights.

The transactions are expected to be completed in the course of 2015, subject to closing conditions, including regulatory approvals. During this time, we and D.E Master Blenders 1753 will undertake consultations with all Works Councils and employee representatives as required in connection with the transactions.

Expenses related to readying the businesses for the planned transactions have been incurred. Within selling, general and administrative expenses, incremental costs were $10 million in the three months and $15 million in the nine months ended September 30, 2014 and were incurred primarily in our Europe segment. Within interest and other expense / (income), we also recorded unrealized gains of $420 million in the three months and $413 million in the nine months ended September 30, 2014 in connection with currency exchange forward contracts entered into to hedge the expected cash receipt of €4 billion upon closing. Also refer to Note 9, Financial Instruments, for additional information.

Spin-Off Costs following Kraft Foods Group Divestiture:

On October 1, 2012, we completed the Spin-Off of our North American grocery business, Kraft Foods Group, Inc. (“Kraft Foods Group”), to our shareholders (the “Spin-Off”). Following the Spin-Off, Kraft Foods Group is an independent public company and we do not beneficially own any shares of Kraft Foods Group common stock. We continue to incur primarily Spin-Off transition costs, and historically we have incurred Spin-Off transaction, transition and financing and related costs (“Spin-Off Costs”) in our operating results. Within selling, general and administrative expenses, we recorded $4 million of pre-tax Spin-Off Costs in the three months and $23 million in the nine months ended September 30, 2014 and $9 million in the three months and $33 million in the nine months ended September 30, 2013. In fiscal year 2014, we expect to incur approximately $30 million of Spin-Off Costs related primarily to customer service and logistics, information systems and processes, as well as legal costs associated with revising intellectual property and other long-term agreements.

Acquisition and Other Divestitures:

During the three months ended June 30, 2013, we completed two divestitures within our EEMEA segment which generated cash proceeds of $48 million during the quarter and pre-tax gains of $6 million. The divestitures included a salty snacks business in Turkey and a confectionery business in South Africa. The aggregate operating results of these divestitures were not material to our condensed consolidated financial statements during the periods presented.

On February 22, 2013, we acquired the remaining interest in a biscuit operation in Morocco, which is now a wholly-owned subsidiary within our EEMEA segment. We paid net cash consideration of $119 million, consisting of $155 million purchase price net of cash acquired of $36 million. Prior to the acquisition, our interest in the operation was accounted for under the equity method. As a result of obtaining a controlling interest, we consolidated the operation and upon finalizing the valuation of the acquired net assets, as of December 31, 2013, we had recorded the fair value of acquired assets (including identifiable intangible assets of $48 million), the liabilities assumed and goodwill of $209 million. During the three months ended March 31, 2013, we also recorded a pre-tax gain of $22 million related to the remeasurement of our previously-held equity interest in the operation to fair value in accordance with U.S. GAAP and acquisition costs of $7 million in interest and other expense / (income) and selling, general and administrative expenses. We recorded integration charges of $3 million for the nine months ended September 30, 2014 and $1 million for the nine months ended September 30, 2013 within selling, general and administrative expenses.

Inventories

9 Months Ended

Sep. 30, 2014

Inventories

Note 3. Inventories

Inventories at September 30, 2014 and December 31, 2013 were:


	September 30,		December 31,
	2014		2013
	(in millions)

Raw materials	$	1,324	$	1,165
Finished product		2,798		2,578

Inventories, net	$	4,122	$	3,743

Property, Plant and Equipment

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Property, Plant and Equipment

9 Months Ended

Sep. 30, 2014

Note 4. Property, Plant and Equipment

Property, plant and equipment at September 30, 2014 and December 31, 2013 were:


	September 30,			December 31,
	2014			2013
	(in millions)

Land and land improvements	$	557		$	617
Buildings and building improvements		3,182			3,270
Machinery and equipment		12,112			12,351
Construction in progress		1,620			1,376

		17,471			17,614
Accumulated depreciation		(7,319	)		(7,367	)

Property, plant and equipment, net	$	10,152		$	10,247

In connection with our 2012-2014 Restructuring Program (see Note 6, Restructuring Programs), we recorded non-cash asset write-downs, including accelerated depreciation of $74 million in the nine months ended September 30, 2014 and $32 million in the nine months ended September 30, 2013. These charges were recorded in the condensed consolidated statements of earnings within asset impairment and exit costs and arose from restructuring activities further described in Note 6, Restructuring Programs – 2012-2014 Restructuring Program.

Goodwill and Intangible Assets

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2014

Note 5. Goodwill and Intangible Assets

Goodwill by reportable segment at September 30, 2014 and December 31, 2013 was:


	September 30, 2014		December 31, 2013
	(in millions)

Latin America	$	1,223	$	1,262
Asia Pacific		2,497		2,504
EEMEA		2,286		2,764
Europe		9,386		10,026
North America		9,007		9,041

Goodwill	$	24,399	$	25,597

Intangible assets at September 30, 2014 and December 31, 2013 were:


	September 30,			December 31,
	2014			2013
	(in millions)

Non-amortizable intangible assets	$	19,460		$	20,067
Amortizable intangible assets		2,652			2,852

		22,112			22,919
Accumulated amortization		(1,002	)		(925	)

Intangible assets, net	$	21,110		$	21,994

Non-amortizable intangible assets consist principally of brand names purchased through our acquisitions of Nabisco Holdings Corp., the Spanish and Portuguese operations of United Biscuits, the global LU biscuit business of Groupe Danone S.A. and Cadbury Limited. Amortizable intangible assets consist primarily of trademarks, customer-related intangibles, process technology, licenses and non-compete agreements. At September 30, 2014, the weighted-average life of our amortizable intangible assets was 13.4 years.

Amortization expense for intangible assets was $48 million for the three months and $157 million for the nine months ended September 30, 2014 and $55 million for the three months and $164 million for the nine months ended September 30, 2013. We currently estimate annual amortization expense for each of the next five years to be approximately $200 million.

During our 2013 review of non-amortizable intangible assets, there were no impairments identified; however, we noted seven brands with $511 million of aggregate book value as of December 31, 2013 that each had a fair value in excess of book value of 10% or less. While these intangible assets passed our annual impairment testing and we believe our current plans for each of these brands will allow them to continue to not be impaired, if expectations are not met or specific valuation factors outside of our control, such as discount rates, change significantly, then a brand or brands might become impaired in the future.

Changes in goodwill and intangible assets consisted of:


				Intangible
	Goodwill			Assets, at Cost
	(in millions)

Balance at January 1, 2014	$	25,597		$	22,919
Changes due to:
Currency		(1,248	)		(808	)
Other		50			1

Balance at September 30, 2014	$	24,399		$	22,112

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

Restructuring Programs

9 Months Ended

Sep. 30, 2014

Restructuring Programs

Note 6. Restructuring Programs

2014-2018 Restructuring Program

On May 6, 2014, our Board of Directors approved a $3.5 billion restructuring program, comprised of approximately $2.5 billion in cash costs and $1 billion in non-cash costs (the “2014-2018 Restructuring Program”), and up to $2.2 billion of capital expenditures. The primary objective of the 2014-2018 Restructuring Program is to reduce our operating cost structure in both our supply chain and overhead costs. The program is intended primarily to cover severance as well as asset disposals and other manufacturing-related one-time costs. We expect to incur the majority of the program’s charges in 2015 and 2016 and to complete the program by year-end 2018.

Restructuring Costs:

We recorded restructuring charges for cash severance and related costs of $25 million in the three months and $26 million in the nine months ended September 30, 2014 within asset impairment and exit costs.

The activity for the 2014-2018 Restructuring Program liability, recorded within other current liabilities, for the nine months ended September 30, 2014 was:


	Severance and related costs			Asset Write-downs		Total
	(in millions)

Liability balance, January 1, 2014	$	–		$	–	$	–
Charges		26			–		26
Cash spent		(2	)		–		(2	)

Liability balance, September 30, 2014	$	24		$	–	$	24

Implementation Costs:

Implementation costs are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. These costs primarily relate to reorganizing our operations and facilities in connection with our supply chain reinvention program and other identified productivity and cost saving initiatives. The costs include incremental expenses related to the closure of facilities, costs to terminate certain contracts and the simplification of our information systems. We believe the disclosure of implementation costs provides readers of our financial statements with more information on the total costs of our 2014-2018 Restructuring Program. Within our continuing results of operations, we recorded implementation costs of $42 million in the three months and $51 million in the nine months ended September 30, 2014. We recorded these costs within cost of sales and general corporate expense within selling, general and administrative expenses.

Restructuring and Implementation Costs in Operating Income:

During the three and nine months ended September 30, 2014, we recorded restructuring and implementation costs related to the 2014-2018 Restructuring Program within operating income as follows:


	For the Three Months Ended September 30, 2014						For the Nine Months Ended September 30, 2014
	Restructuring		Implementation				Restructuring		Implementation
	Costs		Costs		Total		Costs		Costs		Total
	(in millions)

Latin America	$	25	$	7	$	32	$	26	$	8	$	34
Asia Pacific		–		4		4		–		4		4
EEMEA		–		3		3		–		3		3
Europe		–		14		14		–		14		14
North America		–		1		1		–		1		1
Corporate⁽¹⁾		–		13		13		–		21		21

Total	$	25	$	42	$	67	$	26	$	51	$	77

(1)

Includes adjustment for rounding.

2012-2014 Restructuring Program

In 2012, our Board of Directors approved $1.5 billion of restructuring and related implementation costs (the “2012-2014 Restructuring Program”) reflecting primarily severance, asset disposals and other manufacturing-related one-time costs. The primary objective of the 2012-2014 Restructuring Program was to ensure that Mondelēz International and Kraft Foods Group were each set up to operate efficiently and execute on our respective business strategies upon separation and in the future.

Of the $1.5 billion of 2012-2014 Restructuring Program costs, we retained approximately $925 million and Kraft Foods Group retained the balance of the program. Since inception, we have incurred $765 million of our estimated $925 million total 2012-2014 Restructuring Program charges.

Restructuring Costs:

We recorded restructuring charges of $163 million in the three months and $259 million in the nine months ended September 30, 2014 and $43 million in the three months and $131 million in the nine months ended September 30, 2013 within asset impairment and exit costs. During the three months ended September 30, 2014, we recorded out-of-period accruals for $73 million of severance in connection with ongoing labor negotiations.

The activity for the 2012-2014 Restructuring Program liability for the nine months ended September 30, 2014 was:


	Severance and related costs			Asset Write-downs			Total
	(in millions)

Liability balance, January 1, 2014	$	68		$	–		$	68
Charges		182			77			259
Cash spent		(110	)		–			(110	)
Non-cash settlements		–			(77	)		(77	)

Liability balance, September 30, 2014	$	140		$	–		$	140

We spent $44 million in the three months and $110 million in the nine months ended September 30, 2014 in cash severance and related costs. We also recognized non-cash asset write-downs (including accelerated depreciation and asset impairments) totaling $53 million in the three months and $77 million in the nine months ended September 30, 2014. At September 30, 2014, our net restructuring liability was $140 million recorded within other current liabilities.

Implementation Costs:

Implementation costs are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. These costs primarily include costs to reorganize our operations and facilities, the discontinuance of certain product lines and the incremental expenses related to the closure of facilities, replicating our information systems infrastructure and reorganizing costs related to our sales function. We believe the disclosure of implementation costs provides readers of our financial statements with more information on the total costs of our 2012-2014 Restructuring Program. Within our continuing results of operations, we recorded implementation costs of $23 million in the three months and $66 million in the nine months ended September 30, 2014 and $20 million in the three months and $31 million in the nine months ended September 30, 2013. We recorded these costs within cost of sales and selling, general and administrative expenses primarily within our Europe, North America, Asia Pacific and EEMEA segments.

Restructuring and Implementation Costs in Operating Income:

During the three and nine months ended September 30, 2014 and 2013, we recorded restructuring and implementation costs related to the 2012-2014 Restructuring Program within operating income as follows:


	For the Three Months Ended September 30, 2014						For the Nine Months Ended September 30, 2014
	Restructuring		Implementation				Restructuring		Implementation
	Costs		Costs		Total		Costs		Costs		Total
	(in millions)

Latin America	$	3	$	–	$	3	$	7	$	1	$	8
Asia Pacific		27		1		28		28		1		29
EEMEA		14		–		14		26		2		28
Europe		85		14		99		128		42		170
North America		34		7		41		70		20		90
Corporate⁽¹⁾		–		1		1		–		–		–

Total	$	163	$	23	$	186	$	259	$	66	$	325


	For the Three Months Ended September 30, 2013						For the Nine Months Ended September 30, 2013
	Restructuring		Implementation				Restructuring		Implementation
	Costs		Costs		Total		Costs		Costs		Total
	(in millions)

Latin America	$	9	$	–	$	9	$	9	$	–	$	9
Asia Pacific		–		–		–		–		–		–
EEMEA		3		–		3		7		–		7
Europe		18		10		28		55		14		69
North America		12		10		22		58		17		75
Corporate⁽¹⁾		1		–		1		2		–		2

Total	$	43	$	20	$	63	$	131	$	31	$	162

(1)

Includes adjustment for rounding.

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details

Integration Program

9 Months Ended

Sep. 30, 2014

Integration Program

Note 7. Integration Program

As a result of our combination with Cadbury Limited (formerly, Cadbury Plc or “Cadbury”) in 2010, we launched an integration program (the “Integration Program”) to combine the Cadbury operations with our operations and realize expected annual cost savings of approximately $750 million by the end of 2013 and revenue synergies from investments in distribution, marketing and product development. We achieved cost savings of approximately $800 million in 2012, a year ahead of schedule, and achieved our planned revenue synergies in 2013. Through the end of 2013, we incurred total integration charges of approximately $1.5 billion and completed incurring planned charges on the Integration Program.

We recorded reversals to the Integration Program charges of $1 million in the three months and $6 million in the nine months ended September 30, 2014 related to accruals no longer required. We recorded Integration Program charges of $36 million during the three months and $109 million during the nine months ended September 30, 2013 in selling, general and administrative expenses within our Europe, Asia Pacific, Latin America and EEMEA segments. Changes in the remaining Integration Program liability during the nine months ended September 30, 2014 were:


	2014
	(in millions)

Balance at January 1	$	145
Charges		(6	)
Cash spent		(51	)
Currency / other		(17	)

Balance at September 30	$	71

At September 30, 2014, $35 million of our net Integration Program liability was recorded within other current liabilities and $36 million, primarily related to leased facilities no longer in use, was recorded within other long-term liabilities.

Debt

9 Months Ended

Sep. 30, 2014

Debt

Note 8. Debt

Short-Term Borrowings:

At September 30, 2014 and December 31, 2013, our short-term borrowings and related weighted-average interest rates consisted of:


	September 30, 2014				December 31, 2013
	Amount		Weighted-		Amount		Weighted-
	Outstanding		Average Rate		Outstanding		Average Rate
	(in millions)				(in millions)

Commercial paper	$	1,409		0.4%	$	1,410		0.4%
Bank loans		398		7.4%		226		7.0%

Total short-term borrowings	$	1,807			$	1,636

As of September 30, 2014, the commercial paper issued and outstanding had between 1 and 80 days remaining to maturity. Bank loans include borrowings on primarily uncommitted credit lines maintained by some of our international subsidiaries to meet short-term working capital needs.

Borrowing Arrangements:

We maintain a revolving credit facility for general corporate purposes, including for working capital purposes and to support our commercial paper program. Our $4.5 billion five-year senior unsecured revolving credit facility expires on October 11, 2018. The revolving credit agreement includes a covenant that we maintain a minimum shareholders’ equity of at least $24.6 billion, excluding accumulated other comprehensive earnings / (losses) and the cumulative effects of any changes in accounting principles. At September 30, 2014, we met the covenant as our shareholders’ equity as defined by the covenant was $35.4 billion. The revolving credit facility agreement also contains customary representations, covenants and events of default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security. As of September 30, 2014, no amounts were drawn on the facility.

Long-Term Debt:

On February 19, 2014, $500 million of our 6.75% U.S. dollar notes matured. The notes and accrued interest to date were paid with cash on hand and the issuance of commercial paper.

On February 6, 2014, we completed a cash tender offer and retired $1.56 billion of our long-term U.S. dollar debt consisting of:

•

$393 million of our 7.000% Notes due in August 2037

•

$382 million of our 6.875% Notes due in February 2038

•

$250 million of our 6.875% Notes due in January 2039

•

$535 million of our 6.500% Notes due in February 2040

We financed the repurchase of these notes, including the payment of accrued interest and other costs incurred, from net proceeds received from the $3.0 billion notes issuance on January 16, 2014. In connection with retiring this debt, during the first six months of 2014, we recorded a $493 million loss on extinguishment of debt within interest expense related to the amount we paid to retire the debt in excess of its carrying value and from recognizing unamortized discounts and deferred financing costs in earnings at the time of the debt extinguishment. The loss on extinguishment is included in long-term debt repayments in the 2014 consolidated statement of cash flows. We also recognized $2 million in interest expense related to interest rate cash flow hedges that were deferred in accumulated other comprehensive losses and recognized into earnings over the life of the debt. Upon extinguishing the debt, the deferred cash flow hedge amounts were recorded in earnings.

On January 16, 2014, we issued $3.0 billion of U.S. dollar notes, consisting of:

•

$400 million of floating rate notes that bear interest at a rate equal to three-month LIBOR plus 0.52% and mature on February 1, 2019

•

$850 million of 2.250% fixed rate notes that mature on February 1, 2019

•

$1,750 million of 4.000% fixed rate notes that mature on February 1, 2024

We received net proceeds of $2,982 million that were used to fund the February 2014 tender offer, pay down commercial paper borrowings and for other general corporate purposes. We recorded approximately $18 million of discounts and deferred financing costs, which will be amortized into interest expense over the life of the notes.

Our weighted-average interest rate on our total debt was 4.3% as of September 30, 2014. Our weighted-average interest rate on our total debt as of December 31, 2013 was 4.8%, down from 5.8% as of December 31, 2012.

Fair Value of Our Debt:

The fair value of our short-term borrowings at September 30, 2014 and December 31, 2013 reflects current market interest rates and approximates the amounts we have recorded on our condensed consolidated balance sheet. The fair value of our long-term debt was determined using quoted prices in active markets (Level 1 valuation data) for the publicly traded debt obligations. At September 30, 2014, the aggregate fair value of our total debt was $19,522 million and its carrying value was $17,879 million. At December 31, 2013, the aggregate fair value of our total debt was $18,835 million and its carrying value was $17,121 million.

Interest and Other Expense / (Income):

Interest and other expense / (income) within our results of continuing operations consisted of:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(in millions)

Interest expense, debt	$	188		$	257		$	582		$	783
Loss on debt extinguishment and related expenses		–			–			495			–
Unrealized gain on planned coffee business divestiture currency hedge		(420	)		–			(413	)		–
Benefit from indemnification resolution		–			(49	)		–			(49	)
Other expense / (income), net		5			10			53			(2	)

Interest and other expense / (income)	$	(227	)	$	218		$	717		$	732

See Note 2, Divestitures and Acquisition, and Note 9, Financial Instruments, for information on the currency exchange forward contracts associated with the planned coffee business transactions and Note 12, Commitments and Contingencies, for information on the benefit from the resolution of the Cadbury acquisition-related indemnification.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Financial Instruments

9 Months Ended

Sep. 30, 2014

Financial Instruments

Note 9. Financial Instruments

Derivative instruments were recorded at fair value in the condensed consolidated balance sheets as of September 30, 2014 and December 31, 2013 as follows:


	September 30, 2014				December 31, 2013
	Asset		Liability		Asset		Liability
	Derivatives		Derivatives		Derivatives		Derivatives
	(in millions)

Derivatives designated as hedging instruments:
Currency exchange contracts	$	58	$	–	$	3	$	11
Commodity contracts		12		26		2		3
Interest rate contracts		56		–		209		–

	$	126	$	26	$	214	$	14

Derivatives not designated as hedging instruments:
Currency exchange contracts	$	535	$	12	$	84	$	8
Commodity contracts		157		138		60		51
Interest rate contracts		53		32		64		38

	$	745	$	182	$	208	$	97


Total fair value	$	871	$	208	$	422	$	111

We record derivative assets and liabilities on a gross basis in our condensed consolidated balance sheets. The fair value of our asset derivatives is recorded within other current assets and the fair value of our liability derivatives is recorded within other current liabilities. See our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 31, 2013 for additional information on our risk management strategies and use of derivatives and related accounting.

The fair values (asset / (liability)) of our derivative instruments at September 30, 2014 were determined using:


			Quoted Prices in
			Active Markets			Significant		Significant
	Total		for Identical			Other Observable		Unobservable
	Fair Value of Net		Assets			Inputs		Inputs
	Asset / (Liability)		(Level 1)			(Level 2)		(Level 3)
	(in millions)

Currency exchange contracts	$	581	$	–		$	581	$	–
Commodity contracts		5		(10	)		15		–
Interest rate contracts		77		–			77		–

Total derivatives	$	663	$	(10	)	$	673	$	–

The fair values (asset / (liability)) of our derivative instruments at December 31, 2013 were determined using:


			Quoted Prices in
			Active Markets			Significant		Significant
	Total		for Identical			Other Observable		Unobservable
	Fair Value of Net		Assets			Inputs		Inputs
	Asset / (Liability)		(Level 1)			(Level 2)		(Level 3)
	(in millions)

Currency exchange contracts	$	68	$	–		$	68	$	–
Commodity contracts		8		(4	)		12		–
Interest rate contracts		235		–			235		–

Total derivatives	$	311	$	(4	)	$	315	$	–

Level 1 financial assets and liabilities consist of exchange-traded commodity futures and listed options. The fair value of these instruments is determined based on quoted market prices on commodity exchanges. Our exchange-traded derivatives are generally subject to master netting arrangements that permit net settlement of transactions with the same counterparty when certain criteria are met, such as in the event of default. We also are required to maintain cash margin accounts in connection with funding the settlement of our open positions and the margin requirements generally fluctuate daily based on market conditions. We have recorded margin deposits related to our exchange-traded derivatives of $47 million as of September 30, 2014 and $22 million as of December 31, 2013 within other current assets. Based on our net asset or liability positions with individual counterparties, in the event of default and immediate net settlement of all of our open positions, as of September 30, 2014, our counterparties would owe us a total of $38 million, and as of December 31, 2013, our counterparties would owe us a total of $7 million.

Level 2 financial assets and liabilities consist primarily of over-the-counter (“OTC”) currency exchange forwards, options and swaps; commodity forwards and options; and interest rate swaps. Our currency exchange contracts are valued using an income approach based on observable market forward rates less the contract rate multiplied by the notional amount. Commodity derivatives are valued using an income approach based on the observable market commodity index prices less the contract rate multiplied by the notional amount or based on pricing models that rely on market observable inputs such as commodity prices. Our calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the observable market interest rate curve. Our calculation of the fair value of financial instruments takes into consideration the risk of nonperformance, including counterparty credit risk. Our OTC derivative transactions are governed by International Swap Dealers Association (“ISDA”) agreements and other standard industry contracts. Under these agreements, we do not post nor require collateral from our counterparties. The majority of our commodity OTC derivatives do not have a legal right of set-off. In connection with our OTC derivatives that could be net-settled in the event of default, assuming all parties were to fail to comply with the terms of the agreements, for derivatives we have in a net liability position, we would owe $37 million as of September 30, 2014 and $47 million as of December 31, 2013, and for derivatives we have in a net asset position, our counterparties would owe us a total of $702 million as of September 30, 2014 and $349 million as of December 31, 2013. We manage the credit risk in connection with these and all our derivatives by entering into transactions with counterparties with investment grade credit ratings, limiting the amount of exposure with each counterparty and monitoring the financial condition of our counterparties.

Derivative Volume:

The net notional values of our derivative instruments as of September 30, 2014 and December 31, 2013 were:


	Notional Amount
	September 30,		December 31,
	2014		2013
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	5,514	$	4,369
Forecasted transactions		7,039		2,565
Commodity contracts		1,225		805
Interest rate contracts		4,000		2,273
Net investment hedge – euro notes		4,105		4,466
Net investment hedge – pound sterling notes		1,054		1,076

Cash Flow Hedges:

Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings / (losses) included:


	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2014			2013		2014			2013
	(in millions)

Accumulated gain / (loss) at beginning of period	$	44		$	72	$	117		$	(38	)
Transfer of realized losses / (gains) in fair value to earnings		(17	)		6		(20	)		38
Unrealized gain / (loss) in fair value		47			4		(23	)		82

Accumulated gain / (loss) at end of period	$	74		$	82	$	74		$	82

After-tax gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into net earnings were:


	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2014		2013			2014			2013
	(in millions)

Currency exchange contracts – forecasted transactions	$	12	$	(6	)	$	8		$	(18	)
Commodity contracts		5		–			14			(19	)
Interest rate contracts		–		–			(2	)		(1	)

Total	$	17	$	(6	)	$	20		$	(38	)

After-tax gains / (losses) recognized in other comprehensive earnings / (losses) were:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(in millions)

Currency exchange contracts – forecasted transactions	$	58		$	(16	)	$	65		$	(12	)
Commodity contracts		7			7			10			(1	)
Interest rate contracts		(18	)		13			(98	)		95

Total	$	47		$	4		$	(23	)	$	82

Cash flow hedge ineffectiveness and amounts excluded from effectiveness testing were not material for all periods presented.

We record pre-tax (i) gains or losses reclassified from accumulated other comprehensive earnings / (losses) into earnings, (ii) gains or losses on ineffectiveness, and (iii) gains or losses on amounts excluded from effectiveness testing in:

•

cost of sales for commodity contracts;

•

cost of sales for currency exchange contracts related to forecasted transactions; and

•

interest and other expense / (income) for interest rate contracts and currency exchange contracts related to intercompany loans.

Based on current market conditions, we would expect to transfer unrealized losses of $2 million (net of taxes) for commodity cash flow hedges, unrealized gains of $48 million (net of taxes) for currency cash flow hedges and unrealized losses of less than $1 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months.

Hedge Coverage:

As of September 30, 2014, we hedged transactions forecasted to impact cash flows over the following periods:

•

commodity transactions for periods not exceeding the next 15 months;

•

interest rate transactions for periods not exceeding the next 31 years and 5 months; and

•

currency exchange transactions for periods not exceeding the next 15 months.

Fair Value Hedges:

Pre-tax gains / (losses) due to changes in fair value of our interest rate swaps and related hedged long-term debt were recorded in interest and other expense / (income):


	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2014			2013		2014			2013
	(in millions)

Derivatives	$	(13	)	$	–	$	1		$	–
Borrowings		13			–		(1	)		–

Fair value hedge ineffectiveness and amounts excluded from effectiveness testing were not material for all periods presented.

Economic Hedges:

Pre-tax gains / (losses) recorded in net earnings for economic hedges which are not designated as hedging instruments were:


													Location of
	For the Three Months Ended						For the Nine Months Ended						Gain / (Loss)
	September 30,						September 30,						Recognized
	2014			2013			2014			2013			in Earnings
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	4		$	4		$	5		$	7		Interest expense
Forecasted purchases		29			10			(11	)		36		Cost of sales
Forecasted transactions		419			–			405			–		Interest and other expense / (income)
Forecasted transactions		(4	)		(2	)		(7	)		1		Selling, general and administrative expenses
Interest rate contracts		(1	)		2			–			–		Interest expense
Commodity contracts		12			28			82			62		Cost of sales

Total	$	459		$	42		$	474		$	106

In connection with the planned coffee business transactions, we entered into euro to U.S. dollar currency exchange forward contracts to hedge an expected cash receipt of €4 billion upon closing. As the forward contracts relate to a pending business divestiture, unrealized gains and losses on the derivative are recorded in earnings. We recorded a $420 million unrealized gain in the three months and a $413 million unrealized gain in the nine months ended September 30, 2014 within interest and other expense / (income) in connection with the forward contracts as the U.S. dollar strengthened relative to the euro. Hedges of Net Investments in International Operations: After-tax gains / (losses) related to hedges of net investments in international operations in the form of euro and pound sterling-denominated debt were:
	For the Three Months Ended						For the Nine Months Ended						Location of Gain / (Loss) Recognized in AOCI
	September 30,						September 30,
	2014			2013			2014			2013
	(in millions)

Euro notes	$	219		$	(28	)	$	219		$	(18	)	Currency Translation
Pound sterling notes		37			(40	)		14			3		Adjustment

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

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+ Details

Benefit Plans

9 Months Ended

Sep. 30, 2014

Benefit Plans

Note 10. Benefit Plans

Pension Plans

Components of Net Periodic Pension Cost:

Net periodic pension cost for the three and nine months ended September 30, 2014 and 2013 consisted of:


	U.S. Plans						Non-U.S. Plans
	For the Three Months Ended September 30,
	2014			2013			2014			2013
	(in millions)

Service cost	$	14		$	17		$	47		$	44
Interest cost		16			15			99			88
Expected return on plan assets		(21	)		(16	)		(123	)		(108	)
Amortization:
Net loss from experience differences		7			14			26			34
Prior service cost		–			1			–			–
Settlement losses / (gains) ⁽¹⁾		14			(3	)		(5	)		1

Net periodic pension cost	$	30		$	28		$	44		$	59


	U.S. Plans						Non-U.S. Plans
	For the Nine Months Ended September 30,
	2014			2013			2014			2013
	(in millions)

Service cost	$	42		$	53		$	136		$	130
Interest cost		49			45			296			265
Expected return on plan assets		(61	)		(50	)		(371	)		(323	)
Amortization:
Net loss from experience differences		22			41			80			102
Prior service cost		1			2			1			1
Settlement losses⁽¹⁾		20			2			5			1

Net periodic pension cost	$	73		$	93		$	147		$	176

(1)

Includes settlement losses of $2 million in the three and nine months ended September 30, 2014 and $3 million in the three months and $12 million in the nine months ended September 30, 2013 related to employees who elected to take lump-sum payments in connection with our 2012-2014 Restructuring Program. These costs are reflected within asset impairments and exit costs on the condensed consolidated statement of earnings and within the charges for severance and related costs in Note 6, Restructuring Programs – 2012-2014 Restructuring Program. In the nine months ended September 30, 2013, these were partially offset by $21 million of gains due to improvements in current market rates for routine settlement losses.

Employer Contributions:

We make contributions to our U.S. and non-U.S. pension plans primarily to the extent that they are tax deductible and do not generate an excise tax liability. During the nine months ended September 30, 2014, we contributed $6 million to our U.S. plans and $242 million to our non-U.S. plans. Based on current tax law, we plan to make further contributions of approximately $4 million to our U.S. plans and approximately $67 million to our non-U.S. plans during the remainder of 2014. However, our actual contributions may differ due to many factors, including changes in tax and other benefit laws or significant differences between expected and actual pension asset performance or interest rates.

Postretirement Benefit Plans

Net postretirement health care costs during the three and nine months ended September 30, 2014 and 2013 consisted of:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(in millions)

Service cost	$	4		$	4		$	10		$	12
Interest cost		5			5			16			14
Amortization:
Net loss from experience differences		1			2			4			8
Prior service credit		(3	)		(3	)		(8	)		(9	)

Net postretirement health care costs	$	7		$	8		$	22		$	25

Postemployment Benefit Plans

Net postemployment costs during the three and nine months ended September 30, 2014 and 2013 consisted of:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(in millions)

Service cost	$	2	$	2	$	6	$	6
Interest cost		2		1		5		4

Net postemployment costs	$	4	$	3	$	11	$	10

Commitments and Contingencies

The entire disclosure for pension and other postretirement benefits.

+ References+ Details

Stock Plans

9 Months Ended

Sep. 30, 2014

Stock Plans

Note 11. Stock Plans

On May 21, 2014, our shareholders approved the Amended and Restated 2005 Performance Incentive Plan (the “2005 Plan”). Under the amended plan, we now make grants to non-employee directors under the 2005 Plan, and we will no longer make any grants under the Amended and Restated 2006 Stock Compensation Plan for Non-Employee Directors (the “2006 Directors Plan”). We also increased the number of shares available for issuance under the 2005 Plan by 75.7 million, which includes the shares remaining available for issuance under the 2006 Directors Plan as of March 14, 2014. Under the 2005 Plan, we are now authorized to issue a maximum of 243.7 million shares of our Common Stock. We may not make any grants under the 2005 Plan after May 21, 2024. As of September 30, 2014, there were 90.7 million shares available to be granted under the 2005 Plan.

Stock Options:

In February 2014, as part of our annual equity program, we granted 9.9 million stock options to eligible employees at an exercise price of $34.17 per share. During the nine months ended September 30, 2014, we granted 0.1 million of additional stock options with a weighted-average exercise price of $35.20 per share. In total, 10.0 million stock options were granted with a weighted-average exercise price of $34.18 per share. During the nine months ended September 30, 2014, 6.5 million stock options, with an intrinsic value of $98.4 million, were exercised.

Restricted and Deferred Stock:

In January 2014, in connection with our long-term incentive plan, we granted 1.2 million shares of restricted and deferred stock at a market value of $34.97 per share. In February 2014, as part of our annual equity program, we granted 2.0 million shares of restricted and deferred stock to eligible employees at a market value of $34.17 per share. During the nine months ended September 30, 2014, we issued 0.8 million of additional restricted and deferred shares with a weighted-average market value of $32.62 per share. In total, 4.0 million restricted and deferred shares were issued with a weighted-average market value of $34.08 per share. During the nine months ended September 30, 2014, 4.0 million shares of restricted and deferred stock vested with a market value on the vesting date of $137.6 million.

Share Repurchase Program:

During 2013, our Board of Directors authorized the repurchase of $7.7 billion of our Common Stock through December 31, 2016. Repurchases under the program are determined by management and are wholly discretionary. During the nine months ended September 30, 2014, we repurchased 34.3 million shares of Common Stock at an average cost of $35.33 per share, or an aggregate cost of $1.2 billion, of which $1.0 billion was paid during the nine months ended September 30, 2014 and $0.2 billion was prepaid in December 2013 at the inception of an accelerated share repurchase program. All share repurchases were funded through available cash and commercial paper issuances. During 2013, we repurchased 82.8 million shares of Common Stock at an average cost of $33.09 per share, or an aggregate cost of $2.7 billion. As of September 30, 2014, we have $3.8 billion in remaining share repurchase capacity.

In December 2013, we initiated an accelerated share repurchase (“ASR”) program. On December 3, 2013, we paid $1.7 billion and received an initial delivery of 44.8 million shares of Common Stock valued at $1.5 billion. We increased treasury stock by $1.5 billion, and the remaining $0.2 billion was recorded against additional paid in capital. In May 2014, the ASR program concluded and we received an additional 5.1 million shares, valued at $0.2 billion, for a total of 49.9 million shares with an average repurchase price of $34.10 per share over the life of the ASR program. The final settlement was based on the volume-weighted average price of our Common Stock during the purchase period less a fixed per share discount. Upon conclusion of the ASR program and receipt of the remaining repurchased shares, the $0.2 billion recorded in additional paid in capital was reclassified to treasury stock.

Commitments and Contingencies

9 Months Ended

Sep. 30, 2014

Note 12. Commitments and Contingencies

Legal Proceedings:

We routinely are involved in legal proceedings, claims and governmental inspections or investigations (“Legal Matters”) arising in the ordinary course of our business.

A compliant and ethical corporate culture, which includes adhering to laws and industry regulations in all jurisdictions in which we do business, is integral to our success. Accordingly, after we acquired Cadbury in February 2010 we began reviewing and adjusting, as needed, Cadbury’s operations in light of applicable standards as well as our policies and practices. We initially focused on such high priority areas as food safety, the Foreign Corrupt Practices Act (“FCPA”) and antitrust. Based upon Cadbury’s pre-acquisition policies and compliance programs and our post-acquisition reviews, our preliminary findings indicated that Cadbury’s overall state of compliance was sound. Nonetheless, through our reviews, we determined that in certain jurisdictions, including India, there appeared to be facts and circumstances warranting further investigation. We are continuing our investigations in certain jurisdictions, including in India, and we continue to cooperate with governmental authorities.

As we previously disclosed, on February 1, 2011, we received a subpoena from the SEC in connection with an investigation under the FCPA, primarily related to a facility in India that we acquired in the Cadbury acquisition. The subpoena primarily requests information regarding dealings with Indian governmental agencies and officials to obtain approvals related to the operation of that facility. We are continuing to cooperate with the U.S. and Indian governments in their investigations of these matters, including through ongoing meetings with the U.S. government to discuss potential conclusion of the U.S. government investigation.

On February 28, 2013, Cadbury India Limited (now known as Mondelez India Foods Limited), a subsidiary of Mondelēz International, and other parties received a show cause notice from the Indian Department of Central Excise Authority (the “Excise Authority”). The notice calls upon the parties to demonstrate why the Excise Authority should not collect approximately $46 million of unpaid excise tax as well as approximately $46 million of penalties and interest related to production at the same Indian facility. Subsequently, the Excise Authority issued another show cause notice, dated March 3, 2014, on the same issue but covering the period February to December 2013, thereby adding approximately $20 million of unpaid excise taxes as well as approximately $20 million of penalties and interest to the amount claimed by the Excise Authority. The latest notice includes an accruing claim for excise as finished products leave the facility on an ongoing basis. We believe that the decision to claim the excise tax benefit is valid and we are contesting the show cause notice through the administrative and judicial process.

In April 2013, the staff of the Commodity Futures Trading Commission (“CFTC”) advised us and Kraft Foods Group that it was investigating activities related to the trading of December 2011 wheat futures contracts that occurred prior to the Spin-Off of Kraft Foods Group. We are cooperating with the staff in its investigation. In October 2014, the staff advised us that the CFTC intends to commence a formal action against us and Kraft Foods Group. We continue to try to resolve this matter prior to any formal action being taken. It is not possible to predict the outcome of this matter; however, based on our Separation and Distribution Agreement with Kraft Foods Group dated as of September 27, 2012, we expect to predominantly bear any monetary penalties or other payments that the CFTC may impose.

While we cannot predict with certainty the results of any Legal Matters in which we are currently involved, we do not expect that the ultimate costs to resolve any of these Legal Matters, individually or in the aggregate, will have a material effect on our financial results.

Third-Party Guarantees:

We enter into third-party guarantees primarily to cover the long-term obligations of our vendors. As part of these transactions, we guarantee that third parties will make contractual payments or achieve performance measures. At September 30, 2014, we had no material third-party guarantees recorded on our condensed consolidated balance sheet.

As part of our 2010 Cadbury acquisition, we became the responsible party for tax matters under the Cadbury Schweppes Plc and Dr Pepper Snapple Group, Inc. (“DPSG”) Tax Sharing and Indemnification Agreement dated May 1, 2008 (“Tax Indemnity”) for certain 2007 and 2008 transactions relating to the demerger of Cadbury’s Americas Beverage business. A U.S. federal tax audit of DPSG for the 2006-2008 tax years was concluded with the IRS in August 2013. As a result, we recorded a favorable impact of $336 million in selling, general and administrative expenses and $49 million in interest and other expense / (income) for a total pre-tax impact of $385 million ($363 million net of tax) in the three months ended September 30, 2013 due to the reversal of the accrued liability in excess of the amount we paid to DPSG under the Tax Indemnity in the third quarter of 2013.

Reclassifications from Accumulated Other Comprehensive Earnings / (Losses)

The entire disclosure for commitments and contingencies.

+ References+ Details

Reclassifications from Accumulated Other Comprehensive Earnings / (Losses)

9 Months Ended

Sep. 30, 2014

Note 13. Reclassifications from Accumulated Other Comprehensive Earnings / (Losses)

The components of accumulated other comprehensive earnings / (losses) attributable to Mondelēz International were:


	Currency Translation Adjustments			Pension and Other Benefits			Derivatives Accounted for as Hedges			Total
	(in millions)

Balances at January 1, 2014	$	(1,414	)	$	(1,592	)	$	117		$	(2,889	)
Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment⁽¹⁾		(2,069	)		90			–			(1,979	)
Pension and other benefits		–			16			–			16
Derivatives accounted for as hedges		383			–			(78	)		305
Losses / (gains) reclassified into net earnings		–			125			(22	)		103
Tax (expense) / benefit		(150	)		(47	)		57			(140	)

Total other comprehensive earnings / (losses)											(1,695	)

Balances at September 30, 2014	$	(3,250	)	$	(1,408	)	$	74		$	(4,584	)

(1)

The condensed consolidated statement of comprehensive earnings for the nine months ended September 30, 2014 includes $(19) million of currency translation adjustment attributable to noncontrolling interests.

Amounts reclassified from accumulated other comprehensive earnings / (losses) during the three and nine months ended September 30, 2014 and their locations in the condensed consolidated financial statements were as follows:


	For the Three			For the Nine			Location of
	Months Ended			Months Ended			Gain / (Loss)
	September 30,			September 30,			Recognized
	2014			2014			in Net Earnings
	(in millions)

Pension and other benefits:
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	$	31		$	100
Settlement losses⁽¹⁾		9			25
Tax impact		(26	)		(47	)	Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts – forecasted transactions		(13	)		(9	)	Cost of sales
Commodity contracts		(5	)		(16	)	Cost of sales
Interest rate contracts		–			3		Interest and other expense / (income)
Tax impact		2			3		Provision for income taxes

Total reclassifications into net earnings, net of tax	$	(2	)	$	59

(1)

These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References+ Details

Income Taxes

9 Months Ended

Sep. 30, 2014

Income Taxes

Note 14. Income Taxes

See Note 1, Basis of Presentation – Revision of Financial Statements, for information related to the revision of income taxes. During 2014, as part of our ongoing remediation efforts related to the material weakness in internal controls over the accounting for income taxes, we recorded out-of-period adjustments that had an immaterial impact on the provision for income taxes of $20 million for the three months and $15 million for the nine months ended September 30, 2014. The out-of-period adjustments were not material to the consolidated financial statements for any prior period.

Based on current tax laws, our estimated annual effective tax rate for 2014 is 21.2%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions, partially offset by the remeasurement of our Venezuelan net monetary assets. Our 2014 third quarter effective tax rate of 16.5% was favorably impacted by net tax benefits from $65 million of discrete one-time events. The discrete net tax benefits primarily related to $109 million from favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions, partially offset by $20 million of out-of-period adjustments. Our effective tax rate for the nine months ended September 30, 2014 of 12.5% was due to net tax benefits from $169 million of discrete one-time events. The discrete net tax benefits primarily related to favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions.

As of the third quarter of 2013, our estimated annual effective tax rate for 2013 was 20.0%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions. Our 2013 third quarter effective tax rate of 2.5% was favorably impacted by the non-taxable portion of the Cadbury acquisition-related indemnity resolution of $325 million and net tax benefits from $109 million of discrete one-time events. These discrete items primarily resulted from $88 million related to the revaluation of U.K. deferred tax assets and liabilities resulting from tax legislation enacted during the third quarter of 2013 and $45 million of net favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions. Our effective tax rate for the nine months ended September 30, 2013 of 3.0% was favorably impacted by the non-taxable portion of the Cadbury acquisition-related indemnity resolution of $325 million and net tax benefits from $295 million of discrete one-time events. These discrete items primarily resulted from $177 million of net favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions, $88 million related to the revaluation of U.K. deferred tax assets and liabilities resulting from tax legislation enacted during the third quarter of 2013 and $39 million associated with a business divestiture.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share

Note 15. Earnings Per Share

Basic and diluted earnings per share (“EPS”) were calculated using the following:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(in millions, except per share data)

Net earnings	$	902	$	1,018	$	1,694	$	2,162
Noncontrolling interest		3		6		10		13

Net earnings attributable to Mondelēz International	$	899	$	1,012	$	1,684	$	2,149

Weighted-average shares for basic EPS		1,688		1,779		1,695		1,783
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		17		15		18		15

Weighted-average shares for diluted EPS		1,705		1,794		1,713		1,798

Basic earnings per share attributable to Mondelēz International:	$	0.53	$	0.57	$	0.99	$	1.21
Diluted earnings per share attributable to Mondelēz International:	$	0.53	$	0.56	$	0.98	$	1.20

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded 9.7 million antidilutive stock options for the three months and 8.1 million antidilutive stock options for the nine months ended September 30, 2014 and we excluded 8.0 million antidilutive stock options for the three months and 9.7 million antidilutive stock options for the nine months ended September 30, 2013.

The entire disclosure for earnings per share.

+ References+ Details

Segment Reporting

9 Months Ended

Sep. 30, 2014

Segment Reporting

Note 16. Segment Reporting

Our operations, management structure and segments are organized into five reportable operating segments:

•

Latin America

•

Asia Pacific

•

EEMEA

•

Europe

•

North America

We manage the operations within Latin America, Asia Pacific and EEMEA by location and Europe and North America by product category.

We use segment operating income to evaluate segment performance and allocate resources. We believe it is appropriate to disclose this measure to help investors analyze segment performance and trends. Segment operating income excludes unrealized gains and losses on hedging activities (which are a component of cost of sales), general corporate expenses (which are a component of selling, general and administrative expenses), amortization of intangibles, the benefit from the Cadbury acquisition-related indemnification resolution (which is a component of selling, general and administrative expenses), gains and losses on divestitures or acquisitions and acquisition-related costs (which are a component of selling, general and administrative expenses) in all periods presented. We exclude these items from segment operating income in order to provide better transparency of our segment operating results. Furthermore, we centrally manage interest and other expense / (income). Accordingly, we do not present these items by segment because they are excluded from the segment profitability measure that management reviews.

Our segment net revenues and earnings were:


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2014			2013			2014			2013
	(in millions)
Net revenues:
Latin America	$	1,315		$	1,308		$	3,913		$	4,045
Asia Pacific		1,153			1,136			3,460			3,743
EEMEA		894			948			2,740			2,850
Europe		3,215			3,295			10,151			10,026
North America		1,760			1,785			5,150			5,147

Net revenues	$	8,337		$	8,472		$	25,414		$	25,811

Earnings before income taxes:
Operating income:
Latin America	$	120		$	171		$	304		$	425
Asia Pacific		65			81			364			399
EEMEA		93			109			303			282
Europe		368			403			1,294			1,178
North America		272			279			744			643
Unrealized gains / (losses) on hedging activities		39			12			(8	)		55
General corporate expenses		(56	)		(74	)		(191	)		(219	)
Amortization of intangibles		(48	)		(55	)		(157	)		(164	)
Benefit from indemnification resolution		–			336			–			336
Gains on acquisition and divestitures, net		–			–			–			28
Acquisition-related costs		–			–			–			(2	)

Operating income		853			1,262			2,653			2,961
Interest and other (expense) / income		227			(218	)		(717	)		(732	)

Earnings before income taxes	$	1,080		$	1,044		$	1,936		$	2,229

Items impacting our segment operating results are discussed in Note 1, Basis of Presentation, including the Venezuelan currency remeasurements, Note 2, Divestitures and Acquisition, Note 6, Restructuring Programs, Note 7, Integration Program, and Note 9, Financial Instruments.

Net revenues by consumer sector were:


	For the Three Months Ended September 30, 2014
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	338	$	294	$	165	$	724	$	1,367	$	2,888
Chocolate		253		408		287		1,214		75		2,237
Gum & Candy		314		190		151		217		304		1,176
Beverages		232		100		227		723		–		1,282
Cheese & Grocery		178		161		64		337		14		754

Total net revenues	$	1,315	$	1,153	$	894	$	3,215	$	1,760	$	8,337


	For the Three Months Ended September 30, 2013
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	329	$	285	$	165	$	750	$	1,369	$	2,898
Chocolate		253		378		294		1,224		83		2,232
Gum & Candy		353		209		160		227		312		1,261
Beverages		211		99		260		759		–		1,329
Cheese & Grocery		162		165		69		335		21		752

Total net revenues	$	1,308	$	1,136	$	948	$	3,295	$	1,785	$	8,472


	For the Nine Months Ended September 30, 2014
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	998	$	898	$	483	$	2,269	$	4,078	$	8,726
Chocolate		833		1,155		751		3,804		188		6,731
Gum & Candy		893		584		498		678		842		3,495
Beverages		684		359		782		2,348		–		4,173
Cheese & Grocery		505		464		226		1,052		42		2,289

Total net revenues	$	3,913	$	3,460	$	2,740	$	10,151	$	5,150	$	25,414


	For the Nine Months Ended September 30, 2013
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	953	$	1,028	$	490	$	2,231	$	4,011	$	8,713
Chocolate		901		1,190		806		3,680		214		6,791
Gum & Candy		1,049		638		505		702		868		3,762
Beverages		666		371		849		2,399		–		4,285
Cheese & Grocery		476		516		200		1,014		54		2,260

Total net revenues	$	4,045	$	3,743	$	2,850	$	10,026	$	5,147	$	25,811

Revision of Financial Statements

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2014

Basis of Presentation

The condensed consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries.

Revision of Financial Statements:

The effects of the revision on the condensed consolidated financial statements for the three and nine months ended September 30, 2013 are detailed below.

Condensed Consolidated Statement of Earnings


	For the Three Months Ended							For the Nine Months Ended
	September 30, 2013							September 30, 2013
	Reported		Correction			Revised		Reported		Correction			Revised
	(in millions, except per share data)

Provision / (benefit) for income taxes	$	14	$	12		$	26	$	8	$	59		$	67
Net earnings		1,030		(12	)		1,018		2,221		(59	)		2,162
Net earnings attributable to Mondelēz International		1,024		(12	)		1,012		2,208		(59	)		2,149
Net earnings attributable to Mondelēz International:
Per share, basic	$	0.58	$	(0.01	)	$	0.57	$	1.24	$	(0.03	)	$	1.21
Per share, diluted	$	0.57	$	(0.01	)	$	0.56	$	1.23	$	(0.03	)	$	1.20

Condensed Consolidated Statement of Comprehensive Earnings


	For the Three Months Ended							For the Nine Months Ended
	September 30, 2013							September 30, 2013
	Reported		Correction			Revised		Reported			Correction			Revised
	(in millions)

Net earnings	$	1,030	$	(12	)	$	1,018	$	2,221		$	(59	)	$	2,162
Translation adjustment		778		(4	)		774		(931	)		3			(928	)
Total other comprehensive earnings / (losses)		868		(4	)		864		(688	)		3			(685	)
Comprehensive earnings		1,898		(16	)		1,882		1,533			(56	)		1,477
Comprehensive earnings attributable to Mondelēz International		1,888		(16	)		1,872		1,523			(56	)		1,467

Condensed Consolidated Statement of Cash Flows


	For the Nine Months Ended
	September 30, 2013
	Reported			Correction			Revised
	(in millions)

Net earnings	$	2,221		$	(59	)	$	2,162
Deferred income tax benefit		(237	)		61			(176	)
Other non-cash items, net		46			6			52
Change in Other current assets		16			1			17
Change in Other current liabilities		(787	)		(9	)		(796	)
Net cash provided by operating activities		1,198			–			1,198

Currency Translation and Highly Inflationary Accounting

Currency Translation and Highly Inflationary Accounting:


Venezuela operations		Three Months Ended September 30, 2014
Net Revenues		$192 million or 2.3% of consolidated net revenue

		Nine Months Ended September 30, 2014
Net Revenues		$584 million or 2.3% of consolidated net revenue

		As of September 30, 2014
Cash		$275 million
Net Monetary Assets		$271 million
Net Assets		$514 million

Accounting Calendar Change

Accounting Calendar Change:

New Accounting Pronouncements

New Accounting Pronouncements:

Effects of Prior Period Corrections on Condensed Consolidated Statement of Earnings

Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed.

+ References+ Details

Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2014

Condensed Consolidated Statement of Earnings


	For the Three Months Ended							For the Nine Months Ended
	September 30, 2013							September 30, 2013
	Reported		Correction			Revised		Reported		Correction			Revised
	(in millions, except per share data)

Provision / (benefit) for income taxes	$	14	$	12		$	26	$	8	$	59		$	67
Net earnings		1,030		(12	)		1,018		2,221		(59	)		2,162
Net earnings attributable to Mondelēz International		1,024		(12	)		1,012		2,208		(59	)		2,149
Net earnings attributable to Mondelēz International:
Per share, basic	$	0.58	$	(0.01	)	$	0.57	$	1.24	$	(0.03	)	$	1.21
Per share, diluted	$	0.57	$	(0.01	)	$	0.56	$	1.23	$	(0.03	)	$	1.20

Effects of Prior Period Corrections on Condensed Consolidated Statement of Comprehensive Earnings

Condensed Consolidated Statement of Comprehensive Earnings


	For the Three Months Ended							For the Nine Months Ended
	September 30, 2013							September 30, 2013
	Reported		Correction			Revised		Reported			Correction			Revised
	(in millions)

Net earnings	$	1,030	$	(12	)	$	1,018	$	2,221		$	(59	)	$	2,162
Translation adjustment		778		(4	)		774		(931	)		3			(928	)
Total other comprehensive earnings / (losses)		868		(4	)		864		(688	)		3			(685	)
Comprehensive earnings		1,898		(16	)		1,882		1,533			(56	)		1,477
Comprehensive earnings attributable to Mondelēz International		1,888		(16	)		1,872		1,523			(56	)		1,467

Effects of Prior Period Corrections on Condensed Consolidated Statement of Cash Flows


Condensed Consolidated Statement of Cash Flows

	For the Nine Months Ended
	September 30, 2013
	Reported			Correction			Revised
	(in millions)

Net earnings	$	2,221		$	(59	)	$	2,162
Deferred income tax benefit		(237	)		61			(176	)
Other non-cash items, net		46			6			52
Change in other current assets		16			1			17
Change in other current liabilities		(787	)		(9	)		(796	)
Net cash provided by operating activities		1,198			–			1,198

Net Revenues, Cash, Net Monetary and Net Assets of Company's Venezuelan Subsidiaries


Venezuela operations		Three Months Ended September 30, 2014
Net revenues		$192 million or 2.3% of consolidated net revenue

		Nine Months Ended September 30, 2014
Net revenues		$584 million or 2.3% of consolidated net revenue

		As of September 30, 2014
Cash		$275 million
Net monetary assets		$271 million
Net assets		$514 million

Inventories (Tables)

9 Months Ended

Sep. 30, 2014

Components of Inventories

Inventories at September 30, 2014 and December 31, 2013 were:


	September 30,		December 31,
	2014		2013
	(in millions)

Raw materials	$	1,324	$	1,165
Finished product		2,798		2,578

Inventories, net	$	4,122	$	3,743

Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2014

Components of Property, Plant and Equipment

Property, plant and equipment at September 30, 2014 and December 31, 2013 were:


	September 30,			December 31,
	2014			2013
	(in millions)

Land and land improvements	$	557		$	617
Buildings and building improvements		3,182			3,270
Machinery and equipment		12,112			12,351
Construction in progress		1,620			1,376

		17,471			17,614
Accumulated depreciation		(7,319	)		(7,367	)

Property, plant and equipment, net	$	10,152		$	10,247

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Goodwill by Reportable Segment

Goodwill by reportable segment at September 30, 2014 and December 31, 2013 was:


	September 30, 2014		December 31, 2013
	(in millions)

Latin America	$	1,223	$	1,262
Asia Pacific		2,497		2,504
EEMEA		2,286		2,764
Europe		9,386		10,026
North America		9,007		9,041

Goodwill	$	24,399	$	25,597

Intangible Assets Disclosure

Intangible assets at September 30, 2014 and December 31, 2013 were:


	September 30,			December 31,
	2014			2013
	(in millions)

Non-amortizable intangible assets	$	19,460		$	20,067
Amortizable intangible assets		2,652			2,852

		22,112			22,919
Accumulated amortization		(1,002	)		(925	)

Intangible assets, net	$	21,110		$	21,994

Changes in Goodwill and Intangible Assets

Changes in goodwill and intangible assets consisted of:


				Intangible
	Goodwill			Assets, at Cost
	(in millions)

Balance at January 1, 2014	$	25,597		$	22,919
Changes due to:
Currency		(1,248	)		(808	)
Other		50			1

Balance at September 30, 2014	$	24,399		$	22,112

Restructuring Programs (Tables)

9 Months Ended

Sep. 30, 2014

2014-2018 Restructuring Program

Schedule of Restructuring Costs

The activity for the 2014-2018 Restructuring Program liability, recorded within other current liabilities, for the nine months ended September 30, 2014 was:


	Severance and related costs			Asset Write-downs		Total
	(in millions)

Liability balance, January 1, 2014	$	–		$	–	$	–
Charges		26			–		26
Cash spent		(2	)		–		(2	)

Liability balance, September 30, 2014	$	24		$	–	$	24

Schedule of Restructuring and Implementation Costs

During the three and nine months ended September 30, 2014, we recorded restructuring and implementation costs related to the 2014-2018 Restructuring Program within operating income as follows:


	For the Three Months Ended September 30, 2014						For the Nine Months Ended September 30, 2014
	Restructuring		Implementation				Restructuring		Implementation
	Costs		Costs		Total		Costs		Costs		Total
	(in millions)

Latin America	$	25	$	7	$	32	$	26	$	8	$	34
Asia Pacific		–		4		4		–		4		4
EEMEA		–		3		3		–		3		3
Europe		–		14		14		–		14		14
North America		–		1		1		–		1		1
Corporate⁽¹⁾		–		13		13		–		21		21

Total	$	25	$	42	$	67	$	26	$	51	$	77

(1)

Includes adjustment for rounding.

2012-2014 Restructuring Program

Schedule of Restructuring Costs

The activity for the 2012-2014 Restructuring Program liability for the nine months ended September 30, 2014 was:


	Severance and related costs			Asset Write-downs			Total
	(in millions)

Liability balance, January 1, 2014	$	68		$	–		$	68
Charges		182			77			259
Cash spent		(110	)		–			(110	)
Non-cash settlements		–			(77	)		(77	)

Liability balance, September 30, 2014	$	140		$	–		$	140

Schedule of Restructuring and Implementation Costs


	For the Three Months Ended September 30, 2014						For the Nine Months Ended September 30, 2014
	Restructuring		Implementation				Restructuring		Implementation
	Costs		Costs		Total		Costs		Costs		Total
	(in millions)

Latin America	$	3	$	–	$	3	$	7	$	1	$	8
Asia Pacific		27		1		28		28		1		29
EEMEA		14		–		14		26		2		28
Europe		85		14		99		128		42		170
North America		34		7		41		70		20		90
Corporate⁽¹⁾		–		1		1		–		–		–

Total	$	163	$	23	$	186	$	259	$	66	$	325


	For the Three Months Ended September 30, 2013						For the Nine Months Ended September 30, 2013
	Restructuring		Implementation				Restructuring		Implementation
	Costs		Costs		Total		Costs		Costs		Total
	(in millions)

Latin America	$	9	$	–	$	9	$	9	$	–	$	9
Asia Pacific		–		–		–		–		–		–
EEMEA		3		–		3		7		–		7
Europe		18		10		28		55		14		69
North America		12		10		22		58		17		75
Corporate⁽¹⁾		1		–		1		2		–		2

Total	$	43	$	20	$	63	$	131	$	31	$	162

(1)

Includes adjustment for rounding.

Integration Program (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Changes in Integration Program Liability

Changes in the remaining Integration Program liability during the nine months ended September 30, 2014 were:


	2014
	(in millions)

Balance at January 1	$	145
Charges		(6	)
Cash spent		(51	)
Currency / other		(17	)

Balance at September 30	$	71

Debt (Tables)

9 Months Ended

Sep. 30, 2014

Short-Term Borrowings and Related Weighted-Average Interest Rates

At September 30, 2014 and December 31, 2013, our short-term borrowings and related weighted-average interest rates consisted of:


	September 30, 2014				December 31, 2013
	Amount		Weighted-		Amount		Weighted-
	Outstanding		Average Rate		Outstanding		Average Rate
	(in millions)				(in millions)

Commercial paper	$	1,409		0.4%	$	1,410		0.4%
Bank loans		398		7.4%		226		7.0%

Total short-term borrowings	$	1,807			$	1,636

Interest and Other Expense / (Income) Within Results of Continuing Operations

Interest and Other Expense / (Income):

Interest and other expense / (income) within our results of continuing operations consisted of:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(in millions)

Interest expense, debt	$	188		$	257		$	582		$	783
Loss on debt extinguishment and related expenses		–			–			495			–
Unrealized gain on planned coffee business divestiture currency hedge		(420	)		–			(413	)		–
Benefit from indemnification resolution		–			(49	)		–			(49	)
Other expense / (income), net		5			10			53			(2	)

Interest and other expense / (income)	$	(227	)	$	218		$	717		$	732

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value of Derivatives Instruments

Derivative instruments were recorded at fair value in the condensed consolidated balance sheets as of September 30, 2014 and December 31, 2013 as follows:


	September 30, 2014				December 31, 2013
	Asset		Liability		Asset		Liability
	Derivatives		Derivatives		Derivatives		Derivatives
	(in millions)

Derivatives designated as hedging instruments:
Currency exchange contracts	$	58	$	–	$	3	$	11
Commodity contracts		12		26		2		3
Interest rate contracts		56		–		209		–

	$	126	$	26	$	214	$	14

Derivatives not designated as hedging instruments:
Currency exchange contracts	$	535	$	12	$	84	$	8
Commodity contracts		157		138		60		51
Interest rate contracts		53		32		64		38

	$	745	$	182	$	208	$	97


Total fair value	$	871	$	208	$	422	$	111

Notional Values of Derivative Instruments

The net notional values of our derivative instruments as of September 30, 2014 and December 31, 2013 were:


	Notional Amount
	September 30,		December 31,
	2014		2013
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	5,514	$	4,369
Forecasted transactions		7,039		2,565
Commodity contracts		1,225		805
Interest rate contracts		4,000		2,273
Net investment hedge – euro notes		4,105		4,466
Net investment hedge – pound sterling notes		1,054		1,076

Hedges of Net Investments in International Operations

After-tax gains / (losses) related to hedges of net investments in international operations in the form of euro and pound sterling-denominated debt were:
	For the Three Months Ended					For the Nine Months Ended					Location of Gain / (Loss) Recognized in AOCI
	September 30,					September 30,
	2014		2013			2014		2013
	(in millions)

Euro notes	$	219	$	(28	)	$	219	$	(18	)	Currency Translation
Pound sterling notes		37		(40	)		14		3		Adjustment

Derivative

Schedule of Derivative Instruments Fair Value and Measurement Inputs

The fair values (asset / (liability)) of our derivative instruments at September 30, 2014 were determined using:


			Quoted Prices in
			Active Markets			Significant		Significant
	Total		for Identical			Other Observable		Unobservable
	Fair Value of Net		Assets			Inputs		Inputs
	Asset / (Liability)		(Level 1)			(Level 2)		(Level 3)
	(in millions)

Currency exchange contracts	$	581	$	–		$	581	$	–
Commodity contracts		5		(10	)		15		–
Interest rate contracts		77		–			77		–

Total derivatives	$	663	$	(10	)	$	673	$	–

The fair values (asset / (liability)) of our derivative instruments at December 31, 2013 were determined using:


			Quoted Prices in
			Active Markets			Significant		Significant
	Total		for Identical			Other Observable		Unobservable
	Fair Value of Net		Assets			Inputs		Inputs
	Asset / (Liability)		(Level 1)			(Level 2)		(Level 3)
	(in millions)

Currency exchange contracts	$	68	$	–		$	68	$	–
Commodity contracts		8		(4	)		12		–
Interest rate contracts		235		–			235		–

Total derivatives	$	311	$	(4	)	$	315	$	–

Cash Flow Hedges

Schedule of Cash Flow Hedges Effect on Accumulated Other Comprehensive Income, Net of Taxes

Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings / (losses) included:


	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2014			2013		2014			2013
	(in millions)

Accumulated gain / (loss) at beginning of period	$	44		$	72	$	117		$	(38	)
Transfer of realized losses / (gains) in fair value to earnings		(17	)		6		(20	)		38
Unrealized gain / (loss) in fair value		47			4		(23	)		82

Accumulated gain / (loss) at end of period	$	74		$	82	$	74		$	82

Schedule of Effects of Derivative Instruments

After-tax gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into net earnings were:


	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2014		2013			2014			2013
	(in millions)

Currency exchange contracts – forecasted transactions	$	12	$	(6	)	$	8		$	(18	)
Commodity contracts		5		–			14			(19	)
Interest rate contracts		–		–			(2	)		(1	)

Total	$	17	$	(6	)	$	20		$	(38	)

After-tax gains / (losses) recognized in other comprehensive earnings / (losses) were:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(in millions)

Currency exchange contracts – forecasted transactions	$	58		$	(16	)	$	65		$	(12	)
Commodity contracts		7			7			10			(1	)
Interest rate contracts		(18	)		13			(98	)		95

Total	$	47		$	4		$	(23	)	$	82

Fair Value Hedges

Schedule of Effects of Derivative Instruments

Pre-tax gains / (losses) due to changes in fair value of our interest rate swaps and related hedged long-term debt were recorded in interest and other expense / (income):


	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2014			2013		2014			2013
	(in millions)

Derivatives	$	(13	)	$	–	$	1		$	–
Borrowings		13			–		(1	)		–

Economic Hedging

Schedule of Effects of Derivative Instruments

Pre-tax gains / (losses) recorded in net earnings for economic hedges which are not designated as hedging instruments were:


												Location of
	For the Three Months Ended						For the Nine Months Ended					Gain / (Loss)
	September 30,						September 30,					Recognized
	2014			2013			2014			2013		in Earnings
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	4		$	4		$	5		$	7	Interest expense
Forecasted purchases		29			10			(11	)		36	Cost of sales
Forecasted transactions		419			–			405			–	Interest and other expense / (income)
Forecasted transactions		(4	)		(2	)		(7	)		1	Selling, general and administrative expenses
Interest rate contracts		(1	)		2			–			–	Interest expense
Commodity contracts		12			28			82			62	Cost of sales

Total	$	459		$	42		$	474		$	106

Components of Accumulated Other Comprehensive Earnings /(Losses)

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details

Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2014

Postemployment Benefit Plans

Components of Net Costs

Net postretirement health care costs during the three and nine months ended September 30, 2014 and 2013 consisted of:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(in millions)

Service cost	$	4		$	4		$	10		$	12
Interest cost		5			5			16			14
Amortization:
Net loss from experience differences		1			2			4			8
Prior service credit		(3	)		(3	)		(8	)		(9	)

Net postretirement health care costs	$	7		$	8		$	22		$	25

Pension Plans

Components of Net Costs

Net periodic pension cost for the three and nine months ended September 30, 2014 and 2013 consisted of:


	U.S. Plans						Non-U.S. Plans
	For the Three Months Ended September 30,
	2014			2013			2014			2013
	(in millions)

Service cost	$	14		$	17		$	47		$	44
Interest cost		16			15			99			88
Expected return on plan assets		(21	)		(16	)		(123	)		(108	)
Amortization:
Net loss from experience differences		7			14			26			34
Prior service cost		–			1			–			–
Settlement losses / (gains) ⁽¹⁾		14			(3	)		(5	)		1

Net periodic pension cost	$	30		$	28		$	44		$	59


	U.S. Plans						Non-U.S. Plans
	For the Nine Months Ended September 30,
	2014			2013			2014			2013
	(in millions)

Service cost	$	42		$	53		$	136		$	130
Interest cost		49			45			296			265
Expected return on plan assets		(61	)		(50	)		(371	)		(323	)
Amortization:
Net loss from experience differences		22			41			80			102
Prior service cost		1			2			1			1
Settlement losses⁽¹⁾		20			2			5			1

Net periodic pension cost	$	73		$	93		$	147		$	176

(1)

Postretirement Benefit Plans

Components of Net Costs

Net postemployment costs during the three and nine months ended September 30, 2014 and 2013 consisted of:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(in millions)

Service cost	$	2	$	2	$	6	$	6
Interest cost		2		1		5		4

Net postemployment costs	$	4	$	3	$	11	$	10

Reclassifications from Accumulated Other Comprehensive Earnings / (Losses) (Tables)

9 Months Ended

Sep. 30, 2014

The components of accumulated other comprehensive earnings / (losses) attributable to Mondelēz International were:


	Currency Translation Adjustments			Pension and Other Benefits			Derivatives Accounted for as Hedges			Total
	(in millions)

Balances at January 1, 2014	$	(1,414	)	$	(1,592	)	$	117		$	(2,889	)
Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment⁽¹⁾		(2,069	)		90			–			(1,979	)
Pension and other benefits		–			16			–			16
Derivatives accounted for as hedges		383			–			(78	)		305
Losses / (gains) reclassified into net earnings		–			125			(22	)		103
Tax (expense) / benefit		(150	)		(47	)		57			(140	)

Total other comprehensive earnings / (losses)											(1,695	)

Balances at September 30, 2014	$	(3,250	)	$	(1,408	)	$	74		$	(4,584	)

(1)

Amounts Reclassified from Accumulated Other Comprehensive Earnings/ (Losses)


	For the Three			For the Nine			Location of
	Months Ended			Months Ended			Gain / (Loss)
	September 30,			September 30,			Recognized
	2014			2014			in Net Earnings
	(in millions)

Pension and other benefits:
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	$	31		$	100
Settlement losses⁽¹⁾		9			25
Tax impact		(26	)		(47	)	Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts – forecasted transactions		(13	)		(9	)	Cost of sales
Commodity contracts		(5	)		(16	)	Cost of sales
Interest rate contracts		–			3		Interest and other expense / (income)
Tax impact		2			3		Provision for income taxes

Total reclassifications into net earnings, net of tax	$	(2	)	$	59

(1)

These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Basic and Diluted Earnings Per Share

Basic and diluted earnings per share (“EPS”) were calculated using the following:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(in millions, except per share data)

Net earnings	$	902	$	1,018	$	1,694	$	2,162
Noncontrolling interest		3		6		10		13

Net earnings attributable to Mondelēz International	$	899	$	1,012	$	1,684	$	2,149

Weighted-average shares for basic EPS		1,688		1,779		1,695		1,783
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		17		15		18		15

Weighted-average shares for diluted EPS		1,705		1,794		1,713		1,798

Basic earnings per share attributable to Mondelēz International:	$	0.53	$	0.57	$	0.99	$	1.21
Diluted earnings per share attributable to Mondelēz International:	$	0.53	$	0.56	$	0.98	$	1.20

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2014

Net Revenues by Segment

Our segment net revenues and earnings were:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
	(in millions)
Net revenues:
Latin America	$	1,315	$	1,308	$	3,913	$	4,045
Asia Pacific		1,153		1,136		3,460		3,743
EEMEA		894		948		2,740		2,850
Europe		3,215		3,295		10,151		10,026
North America		1,760		1,785		5,150		5,147

Net revenues	$	8,337	$	8,472	$	25,414	$	25,811

Reconciliation of Operating Profit (Loss) from Segments to Consolidated


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2014			2013			2014			2013
	(in millions)
Net revenues:
Latin America	$	1,315		$	1,308		$	3,913		$	4,045
Asia Pacific		1,153			1,136			3,460			3,743
EEMEA		894			948			2,740			2,850
Europe		3,215			3,295			10,151			10,026
North America		1,760			1,785			5,150			5,147

Net revenues	$	8,337		$	8,472		$	25,414		$	25,811

Earnings before income taxes:
Operating income:
Latin America	$	120		$	171		$	304		$	425
Asia Pacific		65			81			364			399
EEMEA		93			109			303			282
Europe		368			403			1,294			1,178
North America		272			279			744			643
Unrealized gains / (losses) on hedging activities		39			12			(8	)		55
General corporate expenses		(56	)		(74	)		(191	)		(219	)
Amortization of intangibles		(48	)		(55	)		(157	)		(164	)
Benefit from indemnification resolution		–			336			–			336
Gains on acquisition and divestitures, net		–			–			–			28
Acquisition-related costs		–			–			–			(2	)

Operating income		853			1,262			2,653			2,961
Interest and other (expense) / income		227			(218	)		(717	)		(732	)

Earnings before income taxes	$	1,080		$	1,044		$	1,936		$	2,229

Net Revenues by Consumer Sector

Net revenues by consumer sector were:


	For the Three Months Ended September 30, 2014
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	338	$	294	$	165	$	724	$	1,367	$	2,888
Chocolate		253		408		287		1,214		75		2,237
Gum & Candy		314		190		151		217		304		1,176
Beverages		232		100		227		723		–		1,282
Cheese & Grocery		178		161		64		337		14		754

Total net revenues	$	1,315	$	1,153	$	894	$	3,215	$	1,760	$	8,337


	For the Three Months Ended September 30, 2013
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	329	$	285	$	165	$	750	$	1,369	$	2,898
Chocolate		253		378		294		1,224		83		2,232
Gum & Candy		353		209		160		227		312		1,261
Beverages		211		99		260		759		–		1,329
Cheese & Grocery		162		165		69		335		21		752

Total net revenues	$	1,308	$	1,136	$	948	$	3,295	$	1,785	$	8,472


	For the Nine Months Ended September 30, 2014
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	998	$	898	$	483	$	2,269	$	4,078	$	8,726
Chocolate		833		1,155		751		3,804		188		6,731
Gum & Candy		893		584		498		678		842		3,495
Beverages		684		359		782		2,348		–		4,173
Cheese & Grocery		505		464		226		1,052		42		2,289

Total net revenues	$	3,913	$	3,460	$	2,740	$	10,151	$	5,150	$	25,414


	For the Nine Months Ended September 30, 2013
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	953	$	1,028	$	490	$	2,231	$	4,011	$	8,713
Chocolate		901		1,190		806		3,680		214		6,791
Gum & Candy		1,049		638		505		702		868		3,762
Beverages		666		371		849		2,399		–		4,285
Cheese & Grocery		476		516		200		1,014		54		2,260

Total net revenues	$	4,045	$	3,743	$	2,850	$	10,026	$	5,147	$	25,811

Basis of Presentation - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			9 Months Ended		3 Months Ended	9 Months Ended	3 Months Ended		12 Months Ended							0 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 ARGENTINA	Sep. 30, 2014 ARGENTINA	Sep. 30, 2014 SICAD I	Mar. 31, 2014 SICAD I	Dec. 31, 2013 Prior Periods	Sep. 30, 2014 Venezuelan bolívar fuerte	Feb. 08, 2013 Venezuelan bolívar fuerte	Jan. 02, 2010 Venezuelan bolívar fuerte	Sep. 30, 2014 Venezuelan bolívar fuerte SICAD I	Mar. 31, 2014 Venezuelan bolívar fuerte SICAD I	Sep. 30, 2014 Venezuelan bolívar fuerte SICAD II	Jan. 23, 2014 Argentina, Pesos	Sep. 30, 2014 Argentina, Pesos
Summary Of Significant Accounting Policies [Line Items]
Increase / (reduction) in cumulative net earnings					$ (59)					$ 94
Foreign currency exchange rate translation											6.30	6.30	4.30	11.50	10.70	49.99
Foreign currency impacts relating to highly inflationary accounting			(54)					(19)	(142)
Argentina peso devalued percentage against US Dollar																	15.00%	30.00%
Net revenue	8,337	8,472		25,414	25,811	180	520
Percentage of consolidated net revenues						2.20%	2.00%
Change in accounting policy effect of change on net revenue		19			19
Change in accounting policy effect of change on operating results		$ 3			$ 3

Effects of Revision on Condensed Consolidated Statement of Earnings (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Error Corrections and Prior Period Adjustments Revision [Line Items]
Provision / (benefit) for income taxes	$ 178	$ 26	$ 242	$ 67
Net earnings	902	1,018	1,694	2,162	3,935
Net earnings attributable to Mondelez International	899	1,012	1,684	2,149
Net earnings attributable to Mondelez International:
Per share, basic	$ 0.53	$ 0.57	$ 0.99	$ 1.21
Per share, diluted	$ 0.53	$ 0.56	$ 0.98	$ 1.20
Reported
Error Corrections and Prior Period Adjustments Revision [Line Items]
Provision / (benefit) for income taxes		14		8
Net earnings		1,030		2,221
Net earnings attributable to Mondelez International		1,024		2,208
Net earnings attributable to Mondelez International:
Per share, basic		$ 0.58		$ 1.24
Per share, diluted		$ 0.57		$ 1.23
Correction
Error Corrections and Prior Period Adjustments Revision [Line Items]
Provision / (benefit) for income taxes		12		59
Net earnings		(12)		(59)
Net earnings attributable to Mondelez International		$ (12)		$ (59)
Net earnings attributable to Mondelez International:
Per share, basic		$ (0.01)		$ (0.03)
Per share, diluted		$ (0.01)		$ (0.03)

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References+ Details

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Effects of Revision on Condensed Consolidated Statement of Comprehensive Earnings (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Error Corrections and Prior Period Adjustments Revision [Line Items]
Net earnings	$ 902	$ 1,018	$ 1,694	$ 2,162	$ 3,935
Translation adjustment	(1,755)	774	(1,615)	(928)
Total other comprehensive earnings / (losses)	(1,842)	864	(1,714)	(685)	(223)
Comprehensive earnings	(940)	1,882	(20)	1,477
Comprehensive earnings attributable to Mondelez International	(925)	1,872	(11)	1,467
Reported
Error Corrections and Prior Period Adjustments Revision [Line Items]
Net earnings		1,030		2,221
Translation adjustment		778		(931)
Total other comprehensive earnings / (losses)		868		(688)
Comprehensive earnings		1,898		1,533
Comprehensive earnings attributable to Mondelez International		1,888		1,523
Correction
Error Corrections and Prior Period Adjustments Revision [Line Items]
Net earnings		(12)		(59)
Translation adjustment		(4)		3
Total other comprehensive earnings / (losses)		(4)		3
Comprehensive earnings		(16)		(56)
Comprehensive earnings attributable to Mondelez International		$ (16)		$ (56)

Amount before tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.

+ References+ Details

Effects of Revision on Condensed Consolidated Statement of Cash Flows (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Error Corrections and Prior Period Adjustments Revision [Line Items]
Net earnings	$ 1,694	$ 2,162	$ 3,935
Deferred income tax benefit	(255)	(176)
Other non-cash items, net	(28)	52
Change in other current assets	(106)	17
Change in other current liabilities	(430)	(796)
Net cash provided by operating activities	1,149	1,198
Reported
Error Corrections and Prior Period Adjustments Revision [Line Items]
Net earnings		2,221
Deferred income tax benefit		(237)
Other non-cash items, net		46
Change in other current assets		16
Change in other current liabilities		(787)
Net cash provided by operating activities		1,198
Correction
Error Corrections and Prior Period Adjustments Revision [Line Items]
Net earnings		(59)
Deferred income tax benefit		61
Other non-cash items, net		6
Change in other current assets		1
Change in other current liabilities		$ (9)

Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

Net Revenues, Cash, Net Monetary and Net Assets of Company's Venezuelan Subsidiaries (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Information [Line Items]
Net revenues	$ 8,337	$ 8,472	$ 25,414	$ 25,811
Venezuela
Segment Information [Line Items]
Net revenues	192		584
Percentage of consolidated net revenues	2.30%		2.30%
Venezuela \| SICAD I
Segment Information [Line Items]
Cash	275		275
Net monetary assets	271		271
Net assets	$ 514		$ 514

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References+ Details

Divestitures and Acquisition - Additional Information (Detail)	3 Months Ended	9 Months Ended		1 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	12 Months Ended	9 Months Ended
	Sep. 30, 2014 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Feb. 22, 2013 Morocco USD ($)	Mar. 31, 2013 Morocco USD ($)	Sep. 30, 2014 Morocco USD ($)	Sep. 30, 2013 Morocco USD ($)	Dec. 31, 2013 Morocco USD ($)	Sep. 30, 2014 Selling, general and administrative expenses USD ($)	Sep. 30, 2013 Selling, general and administrative expenses USD ($)	Sep. 30, 2014 Selling, general and administrative expenses USD ($)	Sep. 30, 2013 Selling, general and administrative expenses USD ($)	Sep. 30, 2014 General and Administrative Expense USD ($)	Sep. 30, 2014 General and Administrative Expense USD ($)	Sep. 30, 2014 Derivatives Designated as Hedging Instruments Interest And Other Expense Foreign Exchange Forward USD ($)	Sep. 30, 2014 Derivatives Designated as Hedging Instruments Interest And Other Expense Foreign Exchange Forward USD ($)	Jun. 30, 2013 EEMEA USD ($)	Dec. 31, 2015 Scenario, Forecast EUR (€)	Sep. 30, 2014 Fiscal Year 2014 USD ($)
Acquisition And Dispositions [Line Items]
Cash receipts from planned coffee business transactions																		€ 4,000,000,000
Estimated percentage of equity interest in Jacobs Douwe Egberts																		49.00%
Expenses related to readying businesses for planned transactions													10,000,000	15,000,000
Unrealized gains (losses) on derivatives	420,000,000	413,000,000													420,000,000	413,000,000
Spin-Off costs									4,000,000	9,000,000	23,000,000	33,000,000
Expected spin off cost																			30,000,000
Proceeds from divestitures, net of disbursements			48,000,000														48,000,000
Pre-tax gains (losses) on divestitures																	6,000,000
Acquisition, net of cash received			119,000,000	119,000,000
Cash paid for acquisition				155,000,000
Cash acquired				36,000,000
Pre-tax gain on acquisition					22,000,000
Acquisition-related costs			2,000,000		7,000,000
Identifiable intangible assets acquired in business acquisition								48,000,000
Business acquisition, liabilities assumed and goodwill								209,000,000
Restructuring and related cost, expected cost						$ 3,000,000	$ 1,000,000

Components of Inventories (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Inventory [Line Items]
Raw materials	$ 1,324	$ 1,165
Finished product	2,798	2,578
Inventories, net	$ 4,122	$ 3,743

Property, Plant and Equipment (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 17,471	$ 17,614
Accumulated depreciation	(7,319)	(7,367)
Property, plant and equipment, net	10,152	10,247
Land and Land Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	557	617
Buildings and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,182	3,270
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	12,112	12,351
Construction in Progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,620	$ 1,376

Property, Plant and Equipment - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 77	$ 36
2012-2014 Restructuring Program
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 74	$ 32

Goodwill by Reportable Segment (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Goodwill	$ 24,399	$ 25,597
Latin America
Segment Reporting Information [Line Items]
Goodwill	1,223	1,262
Asia Pacific
Segment Reporting Information [Line Items]
Goodwill	2,497	2,504
EEMEA
Segment Reporting Information [Line Items]
Goodwill	2,286	2,764
Europe Segment
Segment Reporting Information [Line Items]
Goodwill	9,386	10,026
North America Segment
Segment Reporting Information [Line Items]
Goodwill	$ 9,007	$ 9,041

Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Intangible Assets [Line Items]
Non-amortizable intangible assets	$ 19,460	$ 20,067
Amortizable intangible assets	2,652	2,852
Total intangible assets, gross	22,112	22,919
Accumulated amortization	(1,002)	(925)
Intangible assets, net	$ 21,110	$ 21,994

Goodwill and Intangible Assets - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013 Brand
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense for intangible assets	$ 48	$ 55	$ 157	$ 164
Estimated amortization expense in year 1	200		200
Estimated amortization expense in year 2	200		200
Estimated amortization expense in year 3	200		200
Estimated amortization expense in year 4	200		200
Estimated amortization expense in year 5	200		200
Number of brands					7
Intangible asset, aggregate book value	19,460		19,460		20,067
Fair Value Over Book Value 10% or Less
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible asset, aggregate book value					$ 511
Weighted Average
Goodwill and Intangible Assets Disclosure [Line Items]
Life of our amortizable intangible assets (in years)			13 years 4 months 24 days

Changes in Goodwill and Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Goodwill And Intangible Assets [Line Items]
Goodwill beginning balance	$ 25,597
Currency	(1,248)
Other	50
Goodwill ending balance	24,399
Intangible Assets, at Cost beginning balance	22,919
Currency	(808)
Other	1
Intangible Assets, at Cost ending balance	$ 22,112

Restructuring Program - Additional Information (Detail) (USD $)	9 Months Ended		3 Months Ended		9 Months Ended		0 Months Ended	3 Months Ended	9 Months Ended			9 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Severance And Related Costs	Sep. 30, 2014 2014-2018 Restructuring Program	Sep. 30, 2014 2014-2018 Restructuring Program	May 06, 2014 2014-2018 Restructuring Program	May 06, 2014 2014-2018 Restructuring Program Maximum Scenario, Forecast	Sep. 30, 2014 2014-2018 Restructuring Program Selling, general and administrative expenses	Sep. 30, 2014 2014-2018 Restructuring Program Selling, general and administrative expenses	May 06, 2014 2014-2018 Restructuring Program Cash Expense	May 06, 2014 2014-2018 Restructuring Program Non Cash Expense	Sep. 30, 2014 2014-2018 Restructuring Program Severance And Related Costs	Sep. 30, 2014 2012-2014 Restructuring Program	Sep. 30, 2013 2012-2014 Restructuring Program	Sep. 30, 2014 2012-2014 Restructuring Program	Sep. 30, 2013 2012-2014 Restructuring Program	Dec. 31, 2012 2012-2014 Restructuring Program	Dec. 31, 2013 2012-2014 Restructuring Program	Sep. 30, 2014 2012-2014 Restructuring Program Selling, general and administrative expenses	Sep. 30, 2013 2012-2014 Restructuring Program Selling, general and administrative expenses	Sep. 30, 2014 2012-2014 Restructuring Program Selling, general and administrative expenses	Sep. 30, 2013 2012-2014 Restructuring Program Selling, general and administrative expenses	Sep. 30, 2014 2012-2014 Restructuring Program Severance And Related Costs	Dec. 31, 2013 2012-2014 Restructuring Program Severance And Related Costs
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost						$ 3,500,000,000				$ 2,500,000,000	$ 1,000,000,000		$ 925,000,000		$ 925,000,000
Approved restructuring program cost related to capital expenditure	1,129,000,000	1,028,000,000					2,200,000,000
Restructuring charges			73,000,000	25,000,000	26,000,000							26,000,000	163,000,000	43,000,000	259,000,000	131,000,000							182,000,000
Implementation costs				42,000,000	51,000,000			42,000,000	51,000,000				23,000,000	20,000,000	66,000,000	31,000,000			23,000,000	20,000,000	66,000,000	31,000,000
Restructuring and related activities, authorized amount																	1,500,000,000
Restructuring and related cost, cost incurred													765,000,000		765,000,000
Cash spent					2,000,000							2,000,000	44,000,000		110,000,000								110,000,000
Non-cash asset write-downs													53,000,000		77,000,000
Net restructuring liability				$ 24,000,000	$ 24,000,000							$ 24,000,000	$ 140,000,000		$ 140,000,000			$ 68,000,000					$ 140,000,000	$ 68,000,000

Schedule of Restructuring Costs (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Balance at beginning of period			$ 68
Charges	163	43	259	131
Cash spent	(44)		(110)
Non-cash settlements	(53)		(77)
Balance at end of period	140		140
2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges	25		26
Cash spent			(2)
Balance at end of period	24		24
Severance And Related Costs
Restructuring Cost and Reserve [Line Items]
Charges	73
Severance And Related Costs \| 2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Balance at beginning of period			68
Charges			182
Cash spent			(110)
Balance at end of period	140		140
Severance And Related Costs \| 2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges			26
Cash spent			(2)
Balance at end of period	24		24
Asset Write-Downs \| 2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges			77
Non-cash settlements			$ (77)

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

Restructuring and Implementation Costs (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

2014-2018 Restructuring Program

$ 25

$ 26

2014-2018 Restructuring Program | Latin America

2014-2018 Restructuring Program | Asia Pacific

2014-2018 Restructuring Program | EEMEA

2014-2018 Restructuring Program | Europe Segment

2014-2018 Restructuring Program | North America Segment

2014-2018 Restructuring Program | Corporate

^[1]

^[1]

2012-2014 Restructuring Program

163

259

131

186

325

162

2012-2014 Restructuring Program | Latin America

2012-2014 Restructuring Program | Asia Pacific

2012-2014 Restructuring Program | EEMEA

2012-2014 Restructuring Program | Europe Segment

128

170

2012-2014 Restructuring Program | North America Segment

2012-2014 Restructuring Program | Corporate

^[1]

^[1]

$ 1

^[1]

$ 1

^[1]

$ 2

^[1]

[1]	Includes adjustment for rounding.

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

Integration Program - Additional Information (Detail) (Cadbury Integration Program, USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended	12 Months Ended		3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013 Selling, general and administrative expenses	Sep. 30, 2013 Selling, general and administrative expenses	Sep. 30, 2014 Other Current Liabilities	Sep. 30, 2014 Other Long Term Liabilities
Restructuring Cost and Reserve [Line Items]
Expected cost savings to be recognized			$ 750
Annual costs savings				800
Restructuring and related cost, expected cost			1,500
Reversal of integration charges	1	6
Charges incurred		(6)			36	109
Restructuring reserve	$ 71	$ 71	$ 145				$ 35	$ 36

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

Schedule of Liability Activity for Integration Programs (Detail) (Cadbury Integration Program, USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Cadbury Integration Program
Integration Program [Line Items]
Balance at beginning of period	$ 145
Charges	(6)
Cash spent	(51)
Currency / other	(17)
Balance at end of period	$ 71

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

Short-Term Borrowings and Related Weighted-Average Interest Rates (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Short-term Debt [Line Items]
Amount outstanding	$ 1,807	$ 1,636
Commercial Paper
Short-term Debt [Line Items]
Amount outstanding	1,409	1,410
Weighted-average rate	0.40%	0.40%
Bank Loans
Short-term Debt [Line Items]
Amount outstanding	$ 398	$ 226
Weighted-average rate	7.40%	7.00%

Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.

+ References+ Details

Debt - Additional Information (Detail) (USD $)	0 Months Ended	9 Months Ended					9 Months Ended			0 Months Ended		0 Months Ended		0 Months Ended		0 Months Ended		0 Months Ended		0 Months Ended		0 Months Ended			0 Months Ended		0 Months Ended
Debt - Additional Information (Detail) (USD $)	Jan. 16, 2014	Sep. 30, 2014	Sep. 30, 2013	Jan. 16, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2014 Revolving Credit Facility	Sep. 30, 2014 Commercial Paper Minimum	Sep. 30, 2014 Commercial Paper Maximum	Feb. 06, 2014 Tender Offer	Feb. 06, 2014 Tender Offer	Feb. 06, 2014 Tender Offer 7.000% Notes due in August 2037	Feb. 06, 2014 Tender Offer 7.000% Notes due in August 2037	Feb. 06, 2014 Tender Offer 6.875% Notes due in February 2038	Feb. 06, 2014 Tender Offer 6.875% Notes due in February 2038	Feb. 06, 2014 Tender Offer 6.875% Notes due in January 2039	Feb. 06, 2014 Tender Offer 6.875% Notes due in January 2039	Feb. 06, 2014 Tender Offer 6.500% Notes due in February 2040	Feb. 06, 2014 Tender Offer 6.500% Notes due in February 2040	Jan. 16, 2014 London Interbank Offered Rate (LIBOR) Floating Rate Notes	Jan. 16, 2014 London Interbank Offered Rate (LIBOR) Floating Rate Notes	Feb. 06, 2014 Cash Flow Hedges Interest rate contracts Tender Offer	Feb. 19, 2014 6.75% Notes	Feb. 19, 2014 6.75% Notes	Jan. 16, 2014 2.250% Fixed Rate Notes	Jan. 16, 2014 2.250% Fixed Rate Notes	Jan. 16, 2014 4.000% Fixed Rate Notes	Jan. 16, 2014 4.000% Fixed Rate Notes
Debt Instrument [Line Items]
Commercial paper, Maturity period								1 day	80 days
Revolving credit facility, maximum borrowing capacity							$ 4,500,000,000
Revolving credit facility expiration date							Oct. 11, 2018
Revolving credit facility debt covenant							24,600,000,000
Revolving credit facility debt covenant terms							minimum shareholders' equity of at least $24.6 billion, excluding accumulated other comprehensive earnings / (losses) and the cumulative effects of any changes in accounting principles.
Revolving credit facility debt covenant compliance							At September 30, 2014, we met the covenant
Total shareholders' equity, excluding accumulated other comprehensive earnings / (losses)							35,400,000,000
Revolving credit facility outstanding amount							0
Repayment of debt		2,524,000,000	1,750,000,000																				500,000,000
Debt instrument interest rate													7.00%		6.875%		6.875%		6.50%					6.75%
Debt instrument repurchased, principal amount											1,560,000,000		393,000,000		382,000,000		250,000,000		535,000,000
Debt instrument expiration												2037-08		2038-02		2039-01		2040-02
Debt instrument, principal amount				3,000,000,000																	400,000,000					850,000,000		1,750,000,000
Loss on extinguishment of debt		(493,000,000)								(493,000,000)
Interest expense																						2,000,000
Debt instrument basis spread on variable rate																				0.52%
Deb instrument maturity date																				Feb. 01, 2019					Feb. 01, 2019		Feb. 01, 2024
Debt instrument, fixed interest rate																										2.25%		4.00%
Net proceeds from issuance of notes	2,982,000,000
Discounts and deferred financing costs				18,000,000
Weighted-average interest rate		4.30%			4.80%	5.80%
Fair value of total debt		19,522,000,000			18,835,000,000
Carrying value of total debt		$ 17,879,000,000			$ 17,121,000,000

Interest and Other Expense Income Wthin Results Of Continuing Operations (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Debt Instrument [Line Items]
Interest expense, debt	$ 188	$ 257	$ 582	$ 783
Loss on debt extinguishment and related expenses			495
Unrealized gain on planned coffee business divestiture currency hedge	(420)		(413)
Benefit from indemnification resolution		(385)		(385)
Other expense / (income), net	5	10	53	(2)
Interest and other expense / (income)	(227)	218	717	732
Interest and other expense/ (income)
Debt Instrument [Line Items]
Benefit from indemnification resolution		$ (49)		$ (49)

Fair Value of Derivative Instruments (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 871	$ 422
Liability Derivatives	208	111
Derivatives Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	126	214
Liability Derivatives	26	14
Derivatives Designated as Hedging Instruments \| Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	58	3
Liability Derivatives		11
Derivatives Designated as Hedging Instruments \| Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	12	2
Liability Derivatives	26	3
Derivatives Designated as Hedging Instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	56	209
Derivatives Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	745	208
Liability Derivatives	182	97
Derivatives Not Designated as Hedging Instruments \| Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	535	84
Liability Derivatives	12	8
Derivatives Not Designated as Hedging Instruments \| Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	157	60
Liability Derivatives	138	51
Derivatives Not Designated as Hedging Instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	53	64
Liability Derivatives	$ 32	$ 38

Derivative Instruments Fair Value and Measurement Inputs (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 663	$ 311
Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	581	68
Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	5	8
Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	77	235
Quoted Prices In Active Markets For Identical Assets (Level 1)
Derivative [Line Items]
Derivative fair value net asset (liability)	(10)	(4)
Quoted Prices In Active Markets For Identical Assets (Level 1) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(10)	(4)
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Derivative fair value net asset (liability)	673	315
Significant Other Observable Inputs (Level 2) \| Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	581	68
Significant Other Observable Inputs (Level 2) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	15	12
Significant Other Observable Inputs (Level 2) \| Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 77	$ 235

Financial Instruments - Additional Information (Detail)	3 Months Ended	9 Months Ended								3 Months Ended	9 Months Ended
Financial Instruments - Additional Information (Detail)	Sep. 30, 2014 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2014 Commodity contracts	Sep. 30, 2014 Currency exchange contracts	Sep. 30, 2014 Interest rate contracts	Sep. 30, 2014 Cash Flow Hedges Commodity contracts USD ($)	Sep. 30, 2014 Cash Flow Hedges Currency exchange contracts USD ($)	Sep. 30, 2014 Cash Flow Hedges Interest rate contracts Maximum USD ($)	Sep. 30, 2014 Economic Hedging Foreign Exchange Forward EUR (€)	Sep. 30, 2014 Interest And Other Expense Economic Hedging Foreign Exchange Forward USD ($)	Sep. 30, 2014 Interest And Other Expense Economic Hedging Foreign Exchange Forward USD ($)	Sep. 30, 2014 Quoted Prices In Active Markets For Identical Assets (Level 1) Exchange Traded Options USD ($)	Dec. 31, 2013 Quoted Prices In Active Markets For Identical Assets (Level 1) Exchange Traded Options USD ($)	Sep. 30, 2014 Quoted Prices In Active Markets For Identical Assets (Level 1) Exchange Traded Options Other Current Assets USD ($)	Dec. 31, 2013 Quoted Prices In Active Markets For Identical Assets (Level 1) Exchange Traded Options Other Current Assets USD ($)	Sep. 30, 2014 Significant Other Observable Inputs (Level 2) USD ($)	Dec. 31, 2013 Significant Other Observable Inputs (Level 2) USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Margin deposits related to exchange traded derivatives														$ 47,000,000	$ 22,000,000
Derivative assets after effects of netting												38,000,000	7,000,000			702,000,000	349,000,000
Derivative liabilities after effects of netting																37,000,000	47,000,000
Expected transfers of unrealized gains (losses) to earnings, within next 12 months						(2,000,000)	48,000,000	(1,000,000)
Hedged forecasted transactions			15 months	15 months	31 years 5 months
Expected cash receipt related to planned coffee business transactions, amount hedged									4,000,000,000
Unrealized gains (losses) recorded in earnings related to planned coffee business transactions	$ 420,000,000	$ 413,000,000								$ 420,000,000	$ 413,000,000

Notional Values of Derivative Instruments (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Net Investment Hedging \| Euro Notes
Derivative [Line Items]
Notional Amount	$ 4,105	$ 4,466
Net Investment Hedging \| Pound Sterling Notes
Derivative [Line Items]
Notional Amount	1,054	1,076
Currency exchange contracts \| Intercompany Loans And Forecasted Interest Payments
Derivative [Line Items]
Notional Amount	5,514	4,369
Currency exchange contracts \| Forecasted transactions
Derivative [Line Items]
Notional Amount	7,039	2,565
Commodity contracts
Derivative [Line Items]
Notional Amount	1,225	805
Interest rate contracts
Derivative [Line Items]
Notional Amount	$ 4,000	$ 2,273

Schedule of Cash Flow Hedges Effect on Accumulated Other Comprehensive Income, Net of Taxes (Detail) (Cash Flow Hedges, USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated gain / (loss) at beginning of period	$ 44	$ 72	$ 117	$ (38)
Transfer of realized losses / (gains) in fair value to earnings	(17)	6	(20)	38
Unrealized gain / (loss) in fair value	47	4	(23)	82
Accumulated gain / (loss) at end of period	$ 74	$ 82	$ 74	$ 82

Defined Benefit Plan Disclosure [Line Items]

Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.

+ References+ Details

Effects of Cash Flow Hedges (Detail) (Cash Flow Hedges, USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	$ 17	$ (6)	$ 20	$ (38)
Gains / (losses) recognized in OCI	47	4	(23)	82
Currency exchange contracts \| Forecasted transactions
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	12	(6)	8	(18)
Gains / (losses) recognized in OCI	58	(16)	65	(12)
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	5		14	(19)
Gains / (losses) recognized in OCI	7	7	10	(1)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings			(2)	(1)
Gains / (losses) recognized in OCI	$ (18)	$ 13	$ (98)	$ 95

Economic Hedges (Detail) (Economic Hedging, USD $) In Millions, unless otherwise specified	9 Months Ended											3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Commodity contracts Cost of Sales	Sep. 30, 2013 Commodity contracts Cost of Sales	Sep. 30, 2014 Forecasted Purchases Hedges Currency exchange contracts Cost of Sales	Sep. 30, 2013 Forecasted Purchases Hedges Currency exchange contracts Cost of Sales	Sep. 30, 2014 Forecasted transactions Currency exchange contracts Interest and other expense/(income)	Sep. 30, 2014 Forecasted transactions Currency exchange contracts Selling, general and administrative expenses	Sep. 30, 2013 Forecasted transactions Currency exchange contracts Selling, general and administrative expenses	Sep. 30, 2014 Forecasted Interest Payments Intercompany loans Currency exchange contracts Interest And Other Expense	Sep. 30, 2013 Forecasted Interest Payments Intercompany loans Currency exchange contracts Interest And Other Expense	Sep. 30, 2014 Derivatives Not Designated as Hedging Instruments	Sep. 30, 2013 Derivatives Not Designated as Hedging Instruments	Sep. 30, 2014 Derivatives Not Designated as Hedging Instruments Interest rate contracts Interest And Other Expense	Sep. 30, 2013 Derivatives Not Designated as Hedging Instruments Interest rate contracts Interest And Other Expense	Sep. 30, 2014 Derivatives Not Designated as Hedging Instruments Commodity contracts Cost of Sales	Sep. 30, 2013 Derivatives Not Designated as Hedging Instruments Commodity contracts Cost of Sales	Sep. 30, 2014 Derivatives Not Designated as Hedging Instruments Forecasted Purchases Hedges Currency exchange contracts Cost of Sales	Sep. 30, 2013 Derivatives Not Designated as Hedging Instruments Forecasted Purchases Hedges Currency exchange contracts Cost of Sales	Sep. 30, 2014 Derivatives Not Designated as Hedging Instruments Forecasted transactions Currency exchange contracts Interest and other expense/(income)	Sep. 30, 2014 Derivatives Not Designated as Hedging Instruments Forecasted transactions Currency exchange contracts Selling, general and administrative expenses	Sep. 30, 2013 Derivatives Not Designated as Hedging Instruments Forecasted transactions Currency exchange contracts Selling, general and administrative expenses	Sep. 30, 2014 Derivatives Not Designated as Hedging Instruments Forecasted Interest Payments Intercompany loans Currency exchange contracts Interest And Other Expense	Sep. 30, 2013 Derivatives Not Designated as Hedging Instruments Forecasted Interest Payments Intercompany loans Currency exchange contracts Interest And Other Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	$ 474	$ 106	$ 82	$ 62	$ (11)	$ 36	$ 405	$ (7)	$ 1	$ 5	$ 7	$ 459	$ 42	$ (1)	$ 2	$ 12	$ 28	$ 29	$ 10	$ 419	$ (4)	$ (2)	$ 4	$ 4

Hedges of Net Investments in International Operations (Detail) (Net Investment Hedging, Currency Translation Adjustments, Currency exchange contracts, USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Euro Notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	$ 219	$ (28)	$ 219	$ (18)
Pound Sterling Notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	$ 37	$ (40)	$ 14	$ 3

Components of Net Pension Cost (Detail) (Pension Plans, USD $)
In Millions, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

U.S. Pension Plans

Service cost

$ 14

$ 17

$ 42

$ 53

Interest cost

Expected return on plan assets

(21)

(16)

(61)

(50)

Net loss from experience differences

Prior service cost

Net periodic benefit cost

^[1]

(3)

^[1]

Non-U.S. Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Service cost

136

130

Interest cost

296

265

Expected return on plan assets

(123)

(108)

(371)

(323)

Net loss from experience differences

102

Prior service cost

Net periodic benefit cost

(5)

^[1]

$ 44

$ 59

$ 147

$ 176

[1]

Includes settlement losses of $2 million in the three and nine months ended September 30, 2014 and $3 million in the three months and $12 million in the nine months ended September 30, 2013 related to employees who elected to take lump-sum payments in connection with our 2012-2014 Restructuring Program. These costs are reflected within asset impairments and exit costs on the condensed consolidated statement of earnings and within the charges for severance and related costs in Note 6, Restructuring Programs - 2012-2014 Restructuring Program. In the nine months ended September 30, 2013, these were partially offset by $21 million of gains due to improvements in current market rates for routine settlement losses.

Components of Net Pension Cost (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]
Gains due to routine settlement losses				$ 21
2012-2014 Restructuring Program \| Severance And Related Costs
Defined Benefit Plan Disclosure [Line Items]
Settlement losses	$ 2	$ 3	$ 2	$ 12

Benefit Plans - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution	$ 6
Estimated future employer contributions for remainder of the year	4
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution	242
Estimated future employer contributions for remainder of the year	$ 67

Components of Net Postretirement Health Care Costs (Detail) (Postretirement Benefit Plans, USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4	$ 4	$ 10	$ 12
Interest cost	5	5	16	14
Net loss from experience differences	1	2	4	8
Prior service credit	(3)	(3)	(8)	(9)
Net periodic benefit cost	$ 7	$ 8	$ 22	$ 25

Components of Net Postemployment Costs (Detail) (Postemployment Benefit Plans, USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Postemployment Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2	$ 2	$ 6	$ 6
Interest cost	2	1	5	4
Net periodic benefit cost	$ 4	$ 3	$ 11	$ 10

Stock Plans - Additional Information (Detail) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	9 Months Ended		12 Months Ended	9 Months Ended	0 Months Ended			1 Months Ended		9 Months Ended		1 Months Ended		9 Months Ended	12 Months Ended	0 Months Ended	1 Months Ended	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014 Restricted And Deferred Stock	May 21, 2014 Amended 2005 Plan	Sep. 30, 2014 Amended 2005 Plan	May 21, 2014 Amended 2005 Plan	Feb. 28, 2014 Annual Equity Program	Feb. 28, 2014 Annual Equity Program Restricted And Deferred Stock	Sep. 30, 2014 Off Cycle	Sep. 30, 2014 Off Cycle Restricted And Deferred Stock	Jan. 31, 2014 Long-Term Incentive Plan Restricted And Deferred Stock	Dec. 31, 2013 Common Class A	Sep. 30, 2014 Common Class A	Dec. 31, 2013 Common Class A	Dec. 03, 2013 Common Class A Accelerated Share Repurchase Program	May 31, 2014 Common Class A Accelerated Share Repurchase Program	May 31, 2014 Common Class A Accelerated Share Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional number of shares available for issuance under stock option plan					75.7
Shares authorized to be issued under stock option plan							243.7
Shares available to be granted						90.7
Stock options granted to eligible employees	10.0							9.9		0.1
Stock options granted to eligible employees, exercise price	$ 34.18							$ 34.17		$ 35.20
Stock options granted to eligible employees, options exercised	6.5
Intrinsic value of stock options exercised	$ 98,400,000
Granted shares				4.0					2.0		0.8	1.2
Granted shares fair value, per share				$ 34.08					$ 34.17		$ 32.62	$ 34.97
Number of restricted and deferred shares of stock vested				4.0
Market value of vested restricted and deferred stock				137,600,000
Stock repurchase value													7,700,000,000		7,700,000,000
Number of shares repurchased														34.3	82.8	44.8	5.1	49.9
Cost of shares repurchased	1,212,000,000		2,900,000,000											1,200,000,000	2,700,000,000	1,500,000,000	200,000,000
Payment for repurchase of common stock	1,020,000,000	793,000,000											200,000,000	1,000,000,000		1,700,000,000
Average cost of shares repurchased														$ 35.33	$ 33.09
Stock repurchase remaining amount														3,800,000,000
Additional paid in capital treasury stock																$ 200,000,000	$ 200,000,000
Accelerated share repurchases, average repurchase price per share																		$ 34.10

Commitments and Contingencies - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	0 Months Ended	11 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013 Selling, general and administrative expenses	Sep. 30, 2013 Selling, general and administrative expenses	Sep. 30, 2013 Interest and other expense/ (income)	Sep. 30, 2013 Interest and other expense/ (income)	Feb. 28, 2013 Indian Department of Central Excise Authority Cadbury Maximum	Dec. 31, 2013 Indian Department of Central Excise Authority Cadbury Maximum	Feb. 28, 2013 Indian Department of Central Excise Authority Cadbury Maximum
Loss Contingencies [Line Items]
Formal claim of notice presented for unpaid excise tax							$ 46	$ 20
Tax penalties and interest expense								20	46
Income due to reversal of accrued liability under Tax Indemnity	385	385	336	336	49	49
Income due to reversal of accrued liability under tax indemnity, net of tax	$ 363

Components of Accumulated Other Comprehensive Earnings / (Losses) (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Accumulated Other Comprehensive Income (Loss) [Line Items]

Currency translation adjustment

$ (2,889)

(1,979)

^[1]

Pension and other benefits

Losses / (gains) reclassified into net earnings

(78)

133

103

Total other comprehensive earnings / (losses)

(140)

(1,695)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(4,584)

Derivatives Designated as Hedging Instruments

Accumulated Other Comprehensive Income (Loss) [Line Items]

305

Currency Translation Adjustments

Currency translation adjustment

(1,414)

(2,069)

^[1]

(150)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(3,250)

Currency Translation Adjustments | Derivatives Designated as Hedging Instruments

Accumulated Other Comprehensive Income (Loss) [Line Items]

383

Pension and Other Benefits

Currency translation adjustment

(1,592)

^[1]

Pension and other benefits

Losses / (gains) reclassified into net earnings

125

(47)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(1,408)

Derivatives Accounted for as Hedges

Losses / (gains) reclassified into net earnings

117

(22)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Derivatives Accounted for as Hedges | Derivatives Designated as Hedging Instruments

$ (78)

[1]	The condensed consolidated statement of comprehensive earnings for the nine months ended September 30, 2014 includes $(19) million of currency translation adjustment attributable to noncontrolling interests.

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

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Accumulated Other Comprehensive Income (Loss) [Line Items]

Amount before tax of (increase) decrease in the value of the projected benefit obligation related to a change in an actuarial assumption and increase (decrease) in the value of the plan assets resulting from experience different from that assumed, that has not been recognized in net periodic benefit (cost) credit.

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Components of Accumulated Other Comprehensive Earnings / (Losses) (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation adjustment attributable to noncontrolling interests	$ (19)

Amounts Reclassified from Accumulated Other Comprehensive Earnings (Losses) (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Amortization of experience losses and prior service costs

$ 31

^[1]

$ 48

$ 100

^[1]

$ 145

Derivatives accounted for as hedges, Reclassification of losses / (gains) included in net earnings

^[1]

(2)

^[1]

(8)

(52)

Total reclassifications into net earnings, net of tax

(2)

Provision for income taxes

Accumulated Other Comprehensive Income (Loss) [Line Items]

Tax impact

Currency exchange contracts | Forecasted transactions | Cost of Sales

Accumulated Other Comprehensive Income (Loss) [Line Items]

Derivatives accounted for as hedges, Reclassification of losses / (gains) included in net earnings

(13)

(9)

Commodity contracts | Cost of Sales

Accumulated Other Comprehensive Income (Loss) [Line Items]

Derivatives accounted for as hedges, Reclassification of losses / (gains) included in net earnings

(5)

(16)

Interest rate contracts | Interest and other expense/ (income)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Derivatives accounted for as hedges, Reclassification of losses / (gains) included in net earnings

Pension and Other Benefits | Provision for income taxes

Accumulated Other Comprehensive Income (Loss) [Line Items]

Tax impact

$ (26)

$ (47)

[1]	These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.

Amount before tax of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans.

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Amount before tax of reclassification adjustment from accumulated other comprehensive income (loss) for actuarial gain (loss) related to pension and other postretirement benefit plans.

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Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2013 Cadbury	Sep. 30, 2013 Cadbury	Sep. 30, 2013 U.K.	Sep. 30, 2013 U.K.	Dec. 31, 2014 Scenario, Forecast
Income Tax Contingency [Line Items]
Impact on provision for income tax, out-of-period adjustments	$ 20		$ 15
Estimated effective tax rate					20.00%					21.20%
Effective tax rate	16.50%	2.50%	12.50%	3.00%
Total favorable discrete items	65	109	169	295
Net favorable tax audit settlements and expirations of statutes of limitations	109	45		177
Tax benefit from acquisition-related indemnity resolution						325	325
Income tax benefits resulting from tax legislation enacted tax rate								88	88
Tax benefits from business divestiture				$ 39

Basic and Diluted Earnings per Share (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Earnings Per Share [Line Items]
Net earnings	$ 902	$ 1,018	$ 1,694	$ 2,162	$ 3,935
Noncontrolling interest	3	6	10	13
Net earnings attributable to Mondelez International	$ 899	$ 1,012	$ 1,684	$ 2,149
Weighted-average shares for basic EPS	1,688	1,779	1,695	1,783
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares	17	15	18	15
Weighted-average shares for diluted EPS	1,705	1,794	1,713	1,798
Basic earnings per share attributable to Mondelez International	$ 0.53	$ 0.57	$ 0.99	$ 1.21
Diluted earnings per share attributable to Mondelez International	$ 0.53	$ 0.56	$ 0.98	$ 1.20

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Earnings Per Share - Additional Information (Detail) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Mondelez International Stock options excluded from the calculation of diluted EPS	9.7	8.0	8.1	9.7