$ 7,661

$ 8,436

^[1]

$ 15,423

$ 17,077

^[1]

Selling, general and administrative expenses

4,595

5,331

9,416

10,768

Gross profit

3,066

3,105

6,007

6,309

1,961

2,038

3,885

4,303

Asset impairment and exit costs

231

391

Gain on divestiture

(13)

Amortization of intangibles

109

Operating income

841

957

1,652

1,800

Interest and other expense, net

314

224

700

944

Earnings before income taxes

527

733

952

856

Provision for income taxes

100

213

Net earnings attributable to Mondelez International

427

642

739

792

Noncontrolling interest

$ 406

$ 622

$ 730

$ 785

Per share data:

Basic earnings per share attributable to Mondelez International

$ 0.25

$ 0.37

$ 0.45

$ 0.46

Diluted earnings per share attributable to Mondelez International

$ 0.25

$ 0.36

$ 0.44

$ 0.46

Dividends declared

$ 0.15

$ 0.14

$ 0.30

$ 0.28

[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Condensed Consolidated Statements of Comprehensive Earnings (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net earnings	$ 427	$ 642	$ 739	$ 792
Currency translation adjustment:
Translation adjustment	397	373	(1,324)	140
Tax (expense) / benefit	104	(9)	(88)	(3)
Pension and other benefits:
Net actuarial gain / (loss) arising during period	(28)	(6)	(28)
Reclassification of (gains) / losses into net earnings:
Amortization of experience losses and prior service costs	67	35	119	69
Settlement losses	10	9	13	16
Tax (expense) / benefit	(18)	(8)	(31)	(21)
Derivatives accounted for as hedges:
Net derivative gains / (losses)	66	(56)	10	(112)
Reclassification of (gains) / losses into net earnings	(44)	(2)	(48)	(4)
Tax (expense) / benefit	(29)	20	(13)	43
Total other comprehensive earnings / (losses)	525	356	(1,390)	128
Comprehensive earnings / (losses)	952	998	(651)	920
less: Comprehensive earnings / (losses) attributable to noncontrolling interests	30	20	(7)	6
Comprehensive earnings / (losses) attributable to Mondelez International	$ 922	$ 978	$ (644)	$ 914

Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 1,958	$ 1,631
Trade receivables (net of allowances of $59 at June 30, 2015 and $66 at December 31, 2014)	3,294	3,802
Other receivables (net of allowances of $93 at June 30, 2015 and $91 at December 31, 2014)	955	949
Inventories, net	3,000	3,480
Deferred income taxes	569	480
Other current assets	653	1,408
Total current assets	11,888	11,750
Property, plant and equipment, net	8,728	9,827
Goodwill	21,055	23,389
Intangible assets, net	19,677	20,335
Prepaid pension assets	50	53
Other assets	1,281	1,461
TOTAL ASSETS	65,118	66,815
LIABILITIES
Short-term borrowings	4,483	1,305
Current portion of long-term debt	1,764	1,530
Accounts payable	4,499	5,299
Accrued marketing	1,483	2,047
Accrued employment costs	819	946
Other current liabilities	2,917	2,880
Total current liabilities	16,788	14,007
Long-term debt	13,090	13,865
Deferred income taxes	5,289	5,512
Accrued pension costs	2,313	2,912
Accrued postretirement health care costs	534	526
Other liabilities	2,159	2,140
TOTAL LIABILITIES	40,384	38,962
Commitments and Contingencies (Note 11)
EQUITY
Common Stock, no par value (5,000,000,000 shares authorized and 1,996,537,778 shares issued at June 30, 2015 and December 31, 2014)	0	0
Additional paid-in capital	31,690	31,651
Retained earnings	14,725	14,529
Accumulated other comprehensive losses	(8,692)	(7,318)
Treasury stock, at cost (385,085,976 shares at June 30, 2015 and 332,896,779 shares at December 31, 2014)	(13,078)	(11,112)
Total Mondelez International Shareholders' Equity	24,645	27,750
Noncontrolling interest	89	103
TOTAL EQUITY	24,734	27,853
TOTAL LIABILITIES AND EQUITY	65,118	66,815
Other Current Assets
ASSETS
Assets held for sale	1,459
Other Noncurrent Assets
ASSETS
Assets held for sale	2,439
Other Current Liabilities
LIABILITIES
Liabilities held for sale	823
Other Noncurrent Liabilities
LIABILITIES
Liabilities held for sale	$ 211

Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Trade receivables, allowances	$ 59	$ 66
Other receivables, allowances	$ 93	$ 91
Common Stock, no par value
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common Stock, shares issued	1,996,537,778	1,996,537,778
Treasury stock, shares	385,085,976	332,896,779

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, 2013

$ 32,532

$ 31,396

$ 13,419

$ (2,889)

$ (9,553)

$ 159

^[1]

Comprehensive earnings / (losses):

Other comprehensive losses, net of income taxes

2,201

2,184

^[1]

(4,462)

(4,429)

(33)

^[1]

Exercise of stock options and issuance of other stock awards

505

271

(98)

332

Common Stock repurchased

(1,891)

Cash dividends declared ($0.30 per share for 2015 and $0.58 per share for 2014)

(976)

Dividends paid on noncontrolling interest and other activities

(56)

(16)

(40)

^[1]

Balances at Dec. 31, 2014

27,853

31,651

14,529

(7,318)

(11,112)

103

^[1]

Comprehensive earnings / (losses):

Other comprehensive losses, net of income taxes

739

730

^[1]

(1,390)

(1,374)

(16)

^[1]

Exercise of stock options and issuance of other stock awards

191

(47)

200

Common Stock repurchased

(2,166)

Cash dividends declared ($0.30 per share for 2015 and $0.58 per share for 2014)

(487)

Dividends paid on noncontrolling interest and other activities

(6)

(7)

^[1]

Balances at Jun. 30, 2015

$ 24,734

$ 31,690

$ 14,725

$ (8,692)

$ (13,078)

$ 89

^[1]

[1]

Noncontrolling interest as of June 30, 2014 was $139 million, as compared to $159 million as of January 1, 2014. The change of $(20) million during the six months ended June 30, 2014 was due to $(26) million of dividends paid, $7 million of net earnings and $(1) million of other comprehensive losses, net of taxes.

Condensed Consolidated Statements of Equity (Parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Cash dividends declared, per share	$ 0.15	$ 0.14	$ 0.30	$ 0.28	$ 0.58
Noncontrolling interest	$ 89	$ 139	$ 89	$ 139	$ 103	$ 159
Change in noncontrolling interest				(20)
Dividends paid to noncontrolling interest			(6)	(26)	(56)
Net earnings	21	20	9	7
Other comprehensive losses, net of taxes				$ (1)

Condensed Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES
Net earnings	$ 739	$ 792
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	457	533
Stock-based compensation expense	66	68
Deferred income tax provision / (benefit)	(52)	(180)
Gain on divestiture	(13)
Asset impairments	138	27
Loss on early extinguishment of debt	708	493
Unrealized net loss on coffee business divestiture currency hedges	200
Gain on monetization of coffee business divestiture currency hedges	(607)
Other non-cash items, net	143	132
Change in assets and liabilities, net of acquisition and divestitures:
Receivables, net	(143)	70
Inventories, net	(181)	(353)
Accounts payable	(49)	(18)
Other current assets	52	(60)
Other current liabilities	(694)	(1,095)
Change in pension and postretirement assets and liabilities, net	(193)	(41)
Net cash provided by operating activities	571	368
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES
Capital expenditures	(790)	(724)
Proceeds from coffee business divestiture currency hedge settlements	1,235
Acquisition, net of cash received	(81)
Proceeds from divestiture, net of disbursements	219
Proceeds from sale of property, plant and equipment and other		26
Net cash provided by / (used in) investing activities	583	(698)
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES
Issuances of commercial paper, maturities greater than 90 days	613	1,956
Repayments of commercial paper, maturities greater than 90 days	(405)	(1,164)
Net issuances / (repayments) of other short-term borrowings	2,980	(394)
Long-term debt proceeds	3,606	3,029
Long-term debt repaid	(4,539)	(2,516)
Repurchase of Common Stock	(2,132)	(720)
Dividends paid	(495)	(476)
Other	75	112
Net cash used in financing activities	(297)	(173)
Effect of exchange rate changes on cash and cash equivalents	(88)	(39)
Cash and cash equivalents:
Increase / (decrease)	769	(542)
Cash balance included in current assets held for sale	(442)
Balance at beginning of period	1,631	2,622
Balance at end of period	$ 1,958	$ 2,080

Basis of Presentation

6 Months Ended

Jun. 30, 2015

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, 2014 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, 2014.

Accounting Calendar Change:

In connection with moving toward a common consolidation date across the Company, in the first quarter of 2015, we changed the consolidation date for our North America segment from the last Saturday of each period to the last calendar day of each period. The change had a favorable impact of $39 million on net revenues and $19 million on operating income in the six months ended June 30, 2015.

As a result of this change, each of our operating subsidiaries now reports results as of the last calendar day of the period. We believe the change will improve business planning and financial reporting by better matching the close dates of the operating subsidiaries and bringing the reporting dates to the period-end date. As the effect to prior-period results was not material, we have not revised prior-period results.

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 (except for highly inflationary currencies such as in Venezuela) 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. The official rate of 6.30 is the rate applied to import food and other essential items, and we purchase a material portion of our imported raw materials using U.S. dollars secured at this rate.

On January 24, 2014, the Venezuelan government announced the expansion of a new auction-based currency transaction program, which became known as 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. On March 24, 2014, the Venezuelan government launched a new market-based currency exchange market, SICAD II, and at that time indicated that it may be used voluntarily to exchange bolivars into U.S. dollars.

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 SICAD I 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.

On February 10, 2015, the Venezuelan government combined the SICAD I and SICAD II (“SICAD”) exchange rate mechanisms and in addition created a new market-based SIMADI rate, while retaining the 6.30 official rate for food and other essentials. The Venezuelan government also announced an opening SICAD auction rate of 12.00 bolivars to the U.S. dollar, which as of June 30, 2015 is the prevailing SICAD rate until our specific industry group auctions make U.S. dollars available at another offered SICAD rate. We continue to expect to secure U.S. dollars at the SICAD rate in addition to the official rate. The SIMADI rate was designed as a free market exchange rate that makes U.S. dollars available for any transactions based on the available supply of U.S. dollars at the offered rate. As of June 30, 2015, the SIMADI exchange rate was 197.30 bolivars to the U.S. dollar and availability of U.S. dollars at the SIMADI rate was limited. At this time, we do not anticipate using the SIMADI rate frequently in managing our local operations.

Our Venezuelan operations produce a range of biscuit, cheese & grocery, confectionery and beverage products. Based on the currency exchange developments this year, we 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 exchange rate. Imports that do not currently qualify for either the official rate or SICAD rate could be sourced at the SIMADI rate.

We believe the SICAD rate continues to be the most economically representative rate for us to use to value our net monetary assets and translate our operating results in Venezuela. 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 and expect to utilize the SICAD auction process and expect to use the new SIMADI auctions on an as needed basis.

In the first quarter of 2015, we recognized an $11 million remeasurement loss, reflecting an increase in the SICAD exchange rate from 11.50 to 12.00 bolivars to the U.S. dollar.

The following table sets forth net revenues for our Venezuelan operations for the three and six months ended June 30, 2015 (measured at the SICAD rate), and cash, net monetary assets and net assets of our Venezuelan subsidiaries as of June 30, 2015 (translated at a SICAD rate of 12.00 bolivars to the U.S. dollar):


Venezuela operations		Three Months Ended June 30, 2015
Net revenues		$300 million or 3.9% of consolidated net revenues

		Six Months Ended June 30, 2015
Net revenues		$519 million or 3.4% of consolidated net revenues

		As of June 30, 2015
Cash		$388 million
Net monetary assets		$312 million
Net assets		$564 million

Unlike the official rate that is fixed at 6.30 bolivars to the U.S. dollar, the SICAD rate can vary over time. If any of the three-tier currency exchange rates, or the application of the rates to our business, were to change, we would recognize additional currency losses or gains, which could be significant.

In light of the ongoing difficult macroeconomic environment in Venezuela, we continue to monitor and actively manage our investment and exposures in Venezuela. We plan to continue to do business in the country as long as we can successfully operate our business there. We strive to locally source and produce a significant amount of the products we sell in Venezuela. We have taken other 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 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 other currencies. On that day, the value of the Argentine peso relative to the U.S. dollar fell by 15%. In July 2014, Argentina had a technical default on its debt as the government was blocked from making payments on its restructured debt by certain creditors who did not participate in a debt restructuring in 2001. Further volatility in the exchange rate is expected. Since December 31, 2014 and through June 30, 2015, the value of the peso relative to the U.S. dollar declined 7%. While the business operating environment remains challenging, we continue to monitor and actively manage our investment and exposures in Argentina. We continue refining our product portfolio to improve our product offerings, mix and profitability. We also continue to implement additional cost initiatives to protect the business. Further currency declines, economic controls or other business restrictions could have an adverse impact on our ongoing results of operations. Our Argentinian operations contributed approximately $185 million, or 2.4% of consolidated net revenues for the three months and $360 million, or 2.3% of consolidated net revenues for the six months ended June 30, 2015. As of June 30, 2015, the net monetary liabilities of our Argentina operations were not material. Argentina is not designated as a highly-inflationary economy for accounting purposes and so we continue to record currency translation adjustments within equity and realized exchange gains and losses on transactions in earnings.

Russia. During the fourth quarter of 2014, the value of the Russian ruble relative to the U.S. dollar declined 50%. Since December 31, 2014 and through June 30, 2015, the value of the ruble relative to the U.S. dollar increased 6%. Due to the significant currency movements, we continue to take actions to protect our near-term operating results, financial condition and cash flow. Our operations in Russia contributed approximately $210 million, or 2.7% of consolidated net revenues for the three months and $380 million, or 2.5% of consolidated net revenues for the six months ended June 30, 2015. As of June 30, 2015, the net monetary assets of our Russia operations were not material. Russia is not designated as a highly-inflationary economy for accounting purposes and so we continue to record currency translation adjustments within equity and realized exchange gains and losses on transactions in earnings.

Other Countries. Since we have operations in over 80 countries and sell in approximately 165 countries, we regularly monitor economic and currency-related risks and seek to take protective measures in response to these exposures. Some of the countries in which we do business have had significant economic uncertainty recently. These include Ukraine, Greece, Nigeria and Turkey, most of which have had either currency devaluation or volatility. We continue to monitor operations, currencies and net monetary exposures in these countries. At this time, we do not have material net monetary asset exposures or risk of highly inflationary accounting in these countries.

New Accounting Pronouncements:

In May 2015, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) that applies to reporting entities who elect to measure the fair value of an investment using the net asset value (“NAV”) per share (or its equivalent) practical expedient. This ASU removes the requirement to include investments measured using the practical expedient within fair value hierarchy disclosures. Also, practical expedient disclosures previously required for all eligible investments are now only required for investments for which the practical expedient has been elected. The update is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. As we measure certain defined benefit plan assets using the NAV practical expedient, we plan to adopt the new standard on or by the January 1, 2016 effective date. The new standard will impact our disclosures as discussed above but is not otherwise expected to have an impact on our consolidated financial statements.

In April 2015, the FASB issued an ASU that provides guidance on evaluating whether a cloud computing arrangement includes a software license. If there is a software license component, software licensing accounting should be applied; otherwise, service contract accounting should be applied. The ASU is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements.

In April 2015, the FASB issued an ASU that simplifies the presentation of debt issuance costs. The standard requires debt issuance costs related to a recognized debt obligation to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt instead of being presented as an asset, similar to the presentation of debt discounts. The ASU requires retrospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We plan to adopt the new standard on or by the January 1, 2016 effective date.

In February 2015, the FASB issued an ASU that amends current consolidation guidance related to the evaluation of whether certain legal entities should be consolidated. The standard modifies both the variable interest entity (“VIE”) model and the voting interest model, including analyses of whether limited partnerships are VIEs and the impact of service fees and related party interests in determining if an entity is a VIE to the reporting entity. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We plan to adopt the new standard on the January 1, 2016 effective date and are currently assessing the impact on our consolidated financial statements.

In May 2014, the FASB issued an 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. In May 2015, the FASB proposed changes to the new guidance in the areas of licenses and identifying performance obligations. In July 2015, the FASB approved a deferral of the effective date by one year to annual reporting periods beginning after December 15, 2017. Early adoption is permitted as of the original effective date which was for annual reporting periods beginning after December 15, 2016. The ASU may be applied retrospectively to historical periods presented or as a cumulative-effect adjustment as of the date of adoption. We continue to assess the impact of the new standard on our consolidated financial statements.

Divestitures and Acquisitions

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

+ References+ Details

Divestitures and Acquisitions

6 Months Ended

Jun. 30, 2015

Note 2. Divestitures and Acquisitions

Divestiture of Coffee Business:

On July 2, 2015, we completed transactions to combine our wholly owned coffee businesses (including our coffee portfolio in France) with those of D.E Master Blenders 1753 B.V. (“DEMB”) to create a new company, Jacobs Douwe Egberts (“JDE”). Upon closing, the consideration we received for our coffee businesses was €3.8 billion ($4.2 billion U.S. dollars as of July 2, 2015), a 43.5 percent equity interest in JDE and a $275 million receivable related to an expected payment from JDE one year following the closing related to tax formation costs. We also received $76 million of cash related to the reimbursement of costs we incurred related to separating our coffee businesses. Acorn Holdings B.V., owner of DEMB, holds a 56.5% share in JDE. The cash and equity consideration we received was adjusted from previous estimates to reflect our retaining our interest in a Korea-based joint venture, Dongsuh Foods Corporation. During the second quarter of 2015, we also completed the sale of our interest in a Japanese coffee joint venture, Ajinomoto General Foods, Inc. (“AGF”). In lieu of contributing our interest in the AGF joint venture to JDE, we contributed the net cash proceeds from the sale, and the transaction did not change the consideration received for our global coffee businesses. Please see discussion of the divestiture of AGF below under Other Divestiture and Acquisitions.

We are currently in the process of determining the fair value of our investment in JDE as of the closing date. We expect to have a preliminary valuation completed in the third quarter of 2015. The sale proceeds are also subject to further adjustments, including finalization of working capital, net debt and other sale adjustments. We expect to finalize the sales price and related adjustments by the end of the second quarter of 2016. Some of the net asset and equity balances we divest in the third quarter may also change based on information that becomes available in the third quarter following the closing. As a result, the actual amount of consideration we receive and the gain we recognize on the divestiture may change until we conclude these matters.

Following the transactions, our snacks net revenues, consisting of biscuits, chocolate, gum and candy, were approximately 85% of our 2014 net revenues excluding coffee net revenues. By retaining a significant stake in JDE, we will also continue to have a significant contribution from the coffee category. We plan to reflect our divested historical coffee results and future equity earnings from JDE in results from continuing operations as the coffee category continues to be a significant part of our strategy and net earnings.

To lock in an expected U.S. dollar value of approximately $5 billion related to the estimated €4 billion cash receipt upon closing, we entered into currency exchange forward contracts beginning in May 2014, when the transaction was announced. On February 11, 2015, we monetized these forward contracts and realized total pre-tax gains of $939 million, of which $628 million was recognized in 2014 and $311 million was recognized in the first quarter of 2015. Additionally, we entered into new currency exchange forward contracts, which we monetized on April 17, 2015 and realized total pre-tax gains of $296 million, of which $56 million was recognized in the second quarter of 2015. On that date we executed new currency exchange contracts that generated unrealized losses of $221 million in the three and six months ended June 30, 2015. The currency hedge gains and losses were recorded in interest and other expense, net. The forward contracts were recorded on the consolidated balance sheet, with unrealized gains recorded in other current assets and unrealized losses recorded in other current liabilities. On July 6, 2015, we monetized the forward contracts and realized a $202 million pre-tax loss. Cumulatively over 2014 and through July 6, 2015, we realized aggregate net gains and received cash of approximately $1.0 billion on these currency exchange forward contracts. With the receipt of €3.8 billion on July 2, 2015 ($4.2 billion as of July 2, 2015), we have collected $5.2 billion.

During the second quarter of 2015, we also entered into currency exchange forward contracts to hedge a portion of the cash payments to be made to our subsidiaries in multiple countries where coffee net assets and shares were divested. These hedges with a notional value of €1.6 billion generated net unrealized gains of $21 million during the three months ended June 30, 2015. The net unrealized gain was recorded within interest and other expense, net and the forward contracts were recorded within other current assets. During July 2015, we settled these forward contracts and realized total pre-tax net gains of $17 million.

Our coffee business results are reflected in our consolidated financial statements through June 30, 2015. The pre-tax earnings of the coffee businesses were:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions)

Earnings before income taxes	$	212	$	151	$	342	$	310

We also incurred incremental expenses related to readying our global coffee businesses for the divestiture that totaled $157 million in the three months and $185 million in the six months ended June 30, 2015 and $5 million in the three and six months ended June 30, 2014. These expenses were recorded within asset impairment and exit costs and selling, general and administrative expenses of primarily our Europe and Eastern Europe, Middle East and Africa (“EEMEA”) segments and within general corporate expenses.

As of June 30, 2015, we have presented our global coffee businesses as held for sale on the consolidated balance sheet. We cleared the significant pre-closing sale conditions such that the planned divestiture was determined to be probable as of June 30, 2015. We received conditional approval for the transaction from the European Commission following their antitrust evaluation and made significant progress on our consultations with Work Councils and employee representations. The European Commission’s ruling was conditioned upon JDE’s divestiture of our contributed Carte Noire business and DEMB’s Merrild business, primarily in France and Denmark. Those businesses have been transferred and will be sold by JDE.

The major classes of the held for sale assets and liabilities consist of:


	As of June 30,
	2015
	(in millions)
Assets
Cash and cash equivalents	$	442
Trade receivables		471
Other receivables		26
Inventories, net		473
Deferred income taxes		5
Other current assets		42

Current assets held for sale		1,459

Property, plant and equipment, net		755
Goodwill		1,672
Intangible assets, net		–
Other assets		12

Noncurrent assets held for sale		2,439

Total assets held for sale	$	3,898

Liabilities
Accounts payable	$	439
Accrued marketing		292
Accrued employment costs		29
Other current liabilities		63

Current liabilities held for sale		823

Deferred income taxes		28
Accrued pension costs		179
Other liabilities		4

Noncurrent liabilities held for sale		211

Total liabilities held for sale	$	1,034

Net assets held for sale	$	2,864

Other Divestiture and Acquisitions:

On July 15, 2015, we acquired an 80% interest in a biscuit operation in Vietnam, which is now a subsidiary within our Asia Pacific segment. We will begin to account for the acquisition in the third quarter. Total cash paid to date for the biscuit operation, intellectual property, non-compete and consulting agreements was 11,843 billion Vietnamese dong ($543 million U.S. dollars as of July 15, 2015). We have made or expect to make the following cash payments in connection with the acquisition:

•

On November 10, 2014, we deposited $46 million in escrow upon signing the purchase agreement.

•

On July 15, 2015, we made a 9,122 billion Vietnamese dong ($418 million U.S. dollars as of July 15, 2015) payment for the biscuit operation, a $44 million additional escrow deposit and a 759 billion Vietnamese dong ($35 million U.S. dollars as of July 15, 2015) partial payment for the non-compete and continued consulting agreements.

•

Subject to the satisfaction of final conditions, including the resolution of warranty or other claims or purchase price adjustments, we expect to release previously escrowed funds of $90 million for the remaining 20% interest in the biscuit operation and to make a final payment of 759 billion Vietnamese dong ($35 million U.S. dollars as of July 15, 2015) for the non-compete and consulting agreements. We anticipate resolution of these conditions by the end of the third quarter of 2016.

On April 23, 2015, we completed the divestiture of our 50 percent interest in AGF, our Japanese coffee joint venture, to our joint venture partner which generated cash proceeds of 27 billion Japanese yen ($225 million U.S. dollars as of April 23, 2015) and a pre-tax gain of $13 million (after-tax loss of $9 million). Upon closing, we divested our $99 million investment in the joint venture, $65 million of goodwill and $41 million of accumulated other comprehensive losses. We also incurred approximately $7 million of transaction costs.

On February 16, 2015, we acquired a U.S. snacking company, Enjoy Life Foods, within our North America segment. We paid cash and settled debt totaling $81 million in connection with the acquisition. Upon finalizing the valuation of the acquired net assets during the second quarter, as of June 30, 2015, we had recorded an $81 million purchase price allocation of $58 million in identifiable intangible assets, $20 million of goodwill and $3 million of other net assets. The acquisition-related costs and operating results of the acquisition were not material to our condensed consolidated financial statements as of and for the three and six months ended June 30, 2015.

Inventories

6 Months Ended

Jun. 30, 2015

Inventories

Note 3. Inventories

Inventories consisted of the following:


	As of June 30,		As of December 31,
	2015		2014
	(in millions)

Raw materials	$	1,008	$	1,122
Finished product		1,992		2,358

Inventories, net	$	3,000	$	3,480

The net inventory balance as of June 30, 2015 excludes our global coffee business net inventory that was presented within current assets held for sale, ahead of our July 2, 2015 divestiture of our global coffee businesses. See Note 2, Divestitures and Acquisitions, for additional information.

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

6 Months Ended

Jun. 30, 2015

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of June 30,			As of December 31,
	2015			2014
	(in millions)

Land and land improvements	$	520		$	574
Buildings and building improvements		2,743			3,117
Machinery and equipment		10,143			11,737
Construction in progress		1,478			1,484

		14,884			16,912
Accumulated depreciation		(6,156	)		(7,085	)

Property, plant and equipment, net	$	8,728		$	9,827

The net property, plant and equipment balance as of June 30, 2015 excludes our global coffee business net property, plant and equipment balance that was presented within noncurrent assets held for sale, ahead of our July 2, 2015 divestiture of our global coffee businesses. See Note 2, Divestitures and Acquisitions, for additional information.

In connection with our 2012-2014 Restructuring Program and 2014-2018 Restructuring Program, we recorded non-cash asset write-downs (including accelerated depreciation and asset impairments) of $57 million in the three months and $135 million in the six months ended June 30, 2015 and $14 million in the three months and $26 million in the six months ended June 30, 2014 (see Note 6, Restructuring Programs). These charges were recorded in the consolidated statements of earnings within asset impairment and exit costs as follows:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions)

Latin America	$	21	$	–	$	34	$	–
Asia Pacific		9		–		28		–
EEMEA		2		1		2		1
Europe		12		–		37		1
North America		13		13		34		24

Total non-cash asset write-downs	$	57	$	14	$	135	$	26

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

6 Months Ended

Jun. 30, 2015

Note 5. Goodwill and Intangible Assets

Goodwill by reportable segment was:


	As of June 30,		As of December 31,
	2015		2014
	(in millions)

Latin America	$	1,010	$	1,127
Asia Pacific		2,189		2,395
EEMEA		1,456		1,942
Europe		7,463		8,952
North America		8,937		8,973

Goodwill	$	21,055	$	23,389

Intangible assets consisted of the following:


	As of June 30,			As of December 31,
	2015			2014
	(in millions)

Non-amortizable intangible assets	$	18,272		$	18,810
Amortizable intangible assets		2,460			2,525

		20,732			21,335
Accumulated amortization		(1,055	)		(1,000	)

Intangible assets, net	$	19,677		$	20,335

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 June 30, 2015, the weighted-average life of our amortizable intangible assets was 13.5 years.

Amortization expense for intangible assets was $46 million in the three months and $92 million in the six months ended June 30, 2015 and $55 million in the three months and $109 million in the six months ended June 30, 2014. We currently estimate annual amortization expense for each of the next five years to be approximately $193 million, estimated using June 30, 2015 exchange rates.

During our 2014 review of non-amortizable intangible assets, we recorded an impairment charge of $57 million within asset impairment and exit costs for the impairment of intangible assets in Asia Pacific and Europe. We also noted three brands with $341 million of aggregate book value as of December 31, 2014 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 could become impaired in the future.

Changes in goodwill and intangible assets consisted of:


	Goodwill			Intangible Assets, at Cost
	(in millions)

Balance at January 1, 2015	$	23,389		$	21,335
Changes due to:
Currency		(616	)		(659	)
Held for sale due to coffee business transactions		(1,672	)		–
Divestiture		(65	)		–
Acquisition		20			58
Other		(1	)		(2	)

Balance at June 30, 2015	$	21,055		$	20,732

Changes to goodwill and intangibles were:

•

Held for sale – On June 30, 2015, in connection with our July 2, 2015 contribution of our global coffee businesses to JDE, we reclassified $1,672 million of goodwill and less than $1 million of intangible assets to noncurrent assets held for sale.

•

Divestiture – On April 23, 2015, we completed the divestiture of our 50 percent interest in AGF, which resulted in divesting $65 million of goodwill.

•

Acquisition – On February 16, 2015, we acquired Enjoy Life Foods and recorded $20 million of goodwill and $58 million in identifiable intangible assets.

For more information on these transactions, refer to Note 2, Divestitures and Acquisitions.

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

6 Months Ended

Jun. 30, 2015

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. Since inception, we have incurred total restructuring and related implementation charges of $787 million related to the 2014-2018 Restructuring Program.

Restructuring Costs:

We recorded restructuring charges of $135 million in the three months and $297 million in the six months ended June 30, 2015 and $1 million in the three and six months ended June 30, 2014 within asset impairment and exit costs. The activity for the 2014-2018 Restructuring Program liability for the six months ended June 30, 2015 was:


	Severance and Related Costs			Asset Write-downs			Total
	(in millions)

Liability balance, January 1, 2015	$	224		$	–		$	224
Charges		163			134			297
Cash spent		(105	)		–			(105	)
Non-cash settlements / adjustments		(6	)		(134	)		(140	)
Currency		(9	)		–			(9	)

Liability balance, June 30, 2015	$	267		$	–		$	267

We spent $66 million in the three months and $105 million in the six months ended June 30, 2015 and $1 million in the three and six months ended June 30, 2014 in cash severance and related costs. We also recognized non-cash pension settlement losses (See Note 9, Benefit Plans), non-cash asset write-downs (including accelerated depreciation and asset impairments) and other non-cash adjustments totaling $62 million in the three months and $140 million in the six months ended June 30, 2015. At June 30, 2015, $237 million of our net restructuring liability was recorded within other current liabilities and $30 million was recorded within other long-term 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. 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. Implementation 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. Within our continuing results of operations, we recorded implementation costs of $47 million in the three months and $109 million in the six months ended June 30, 2015 and $9 million in the three and six months ended June 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 2015 and 2014, we recorded restructuring and implementation costs related to the 2014-2018 Restructuring Program within operating income as follows:


	Latin America		Asia Pacific		EEMEA		Europe		North America		Corporate⁽¹⁾		Total
							(in millions)

For the Three Months Ended June 30, 2015
Restructuring Costs	$	32	$	18	$	11	$	48	$	19	$	7	$	135
Implementation Costs		14		7		3		6		13		4		47

Total	$	46	$	25	$	14	$	54	$	32	$	11	$	182


For the Six Months Ended June 30, 2015
Restructuring Costs	$	47	$	45	$	14	$	157	$	28	$	6	$	297
Implementation Costs		23		9		6		26		24		21		109

Total	$	70	$	54	$	20	$	183	$	52	$	27	$	406


For the Three and Six Months Ended June 30, 2014
Restructuring Costs	$	1	$	–	$	–	$	–	$	–	$	–	$	1
Implementation Costs		1		–		–		–		–		8		9

Total	$	2	$	–	$	–	$	–	$	–	$	8	$	10


Total Project 2014-2015 ⁽²⁾
Restructuring Costs	$	128	$	61	$	33	$	248	$	85	$	16	$	571
Implementation Costs		39		18		10		63		29		57		216

Total	$	167	$	79	$	43	$	311	$	114	$	73	$	787

(1)

Includes adjustment for rounding.

(2)

Includes all charges recorded since program inception on May 6, 2014 through June 30, 2015.

2012-2014 Restructuring Program

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”). Prior to this transaction, in 2012, our Board of Directors approved $1.5 billion of related restructuring and 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. Through the end of 2014, we incurred total restructuring and related implementation charges of $899 million and completed incurring planned charges on the 2012-2014 Restructuring Program.

Restructuring Costs:

We recorded reversals to the restructuring charges of $1 million in the three months and $3 million in the six months ended June 30, 2015 related to accruals no longer required. We recorded restructuring charges of $54 million in the three months and $96 million in the six months ended June 30, 2014 within asset impairment and exit costs. The activity for the 2012-2014 Restructuring Program liability for the six months ended June 30, 2015 was:


	Severance and Related Costs			Asset Write-downs		Total
				(in millions)

Liability balance, January 1, 2015	$	128		$	–	$	128
Charges		(3	)		–		(3	)
Cash spent		(43	)		–		(43	)
Non-cash settlements / adjustments		1			–		1
Currency		(6	)		–		(6	)

Liability balance, June 30, 2015	$	77		$	–	$	77

We spent $24 million in the three months and $43 million in the six months ended June 30, 2015 and $38 million in the three months and $66 million in the six months ended June 30, 2014 in cash severance and related costs. We also recognized non-cash pension plan settlement losses (See Note 9, Benefit Plans), non-cash asset write-downs (including accelerated depreciation and asset impairments) and other non-cash adjustments totaling $11 million in the three months and $24 million in the six months ended June 30, 2014. At June 30, 2015, $63 million of our net restructuring liability was recorded within other current liabilities and $14 million was recorded within other long-term liabilities.

Implementation Costs:

Implementation costs related to our 2012-2014 Restructuring Program primarily relate to activities in connection with the Spin-Off such as reorganizing our operations and facilities, the discontinuance of certain product lines and incremental expenses related to the closure of facilities, replicating our information systems infrastructure and reorganizing our sales function. Within our continuing results of operations, we recorded implementation costs of $19 million in the three months and $43 million in the six months ended June 30, 2014. We recorded these costs within cost of sales and selling, general and administrative expenses.

Restructuring and Implementation Costs in Operating Income:

During the three and six months ended June 30, 2014 and since inception of the 2012-2014 Restructuring Program, we recorded restructuring and implementation costs within operating income as follows:


	Latin America		Asia Pacific		EEMEA		Europe		North America		Corporate⁽¹⁾			Total
							(in millions)

For the Three Months Ended June 30, 2014
Restructuring Costs	$	3	$	1	$	8	$	26	$	16	$	–		$	54
Implementation Costs		1		–		1		13		6		(2	)		19

Total	$	4	$	1	$	9	$	39	$	22	$	(2	)	$	73


For the Six Months Ended June 30, 2014
Restructuring Costs	$	4	$	1	$	12	$	43	$	36	$	–		$	96
Implementation Costs		1		–		2		28		13		(1	)		43

Total	$	5	$	1	$	14	$	71	$	49	$	(1	)	$	139


Total Project 2012-2014 ⁽²⁾
Restructuring Costs	$	36	$	36	$	69	$	249	$	337	$	2		$	729
Implementation Costs		3		6		4		88		65		4			170

Total	$	39	$	42	$	73	$	337	$	402	$	6		$	899

(1)

Includes adjustment for rounding.

(2)

Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.

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

Debt

6 Months Ended

Jun. 30, 2015

Debt

Note 7. Debt

Short-Term Borrowings:

Our short-term borrowings and related weighted-average interest rates consisted of:


	As of June 30, 2015				As of December 31, 2014
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions)				(in millions)

Commercial paper	$	4,211		0.5%	$	1,101		0.4%
Bank loans		272		10.1%		204		8.8%

Total short-term borrowings	$	4,483			$	1,305

As of June 30, 2015, the commercial paper issued and outstanding had between 1 and 90 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:

On June 11, 2015, we entered into a $500 million short-term senior unsecured revolving credit facility, which expired on July 31, 2015. The facility was intended to be used for general corporate purposes, including short-term working capital and other financing needs, supplementing our existing $4.5 billion revolving credit facility. 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 June 30, 2015, we complied with the covenant as our shareholders’ equity as defined by the covenant was $33.3 billion. The revolving credit facility agreement also contains customary representations, covenants and events of default. As of June 30, 2015, no amounts were drawn on the facility.

We also 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 multi-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 June 30, 2015, we complied with the covenant as our shareholders’ equity as defined by the covenant was $33.3 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 June 30, 2015, no amounts were drawn on the facility.

Some of our international subsidiaries maintain primarily uncommitted credit lines to meet short-term working capital needs. Collectively, these credit lines amounted to $2.0 billion at June 30, 2015 and $2.1 billion at December 31, 2014. Borrowings on these lines amounted to $272 million at June 30, 2015 and $204 million at December 31, 2014.

Long-Term Debt:

On June 11, 2015, €400 million of our floating rate euro-denominated notes matured. The notes and accrued interest to date were paid with cash on hand and the issuance of commercial paper.

On March 30, 2015, we issued fr.675 million of Swiss franc-denominated notes, or approximately $694 million in U.S. dollars as of March 31, 2015, consisting of:

•

fr.175 million (or $180 million) of 0.000% fixed rate notes that mature on March 30, 2017

•

fr.300 million (or $308 million) of 0.625% fixed rate notes that mature on December 30, 2021

•

fr.200 million (or $206 million) of 1.125% fixed rate notes that mature on December 30, 2025

We received net proceeds of $675 million that were used for general corporate purposes. We recorded approximately $2 million of premiums and deferred financing costs, which will be amortized into interest expense over the life of the notes.

On March 20, 2015, €850 million of our 6.250% euro-denominated notes matured. The notes and accrued interest to date were paid with the issuance of commercial paper and cash on hand.

On March 20, 2015, we completed a cash tender offer and retired $2.5 billion of our long-term U.S. dollar debt consisting of:

•

$102 million of our 6.500% Notes due in August 2017

•

$115 million of our 6.125% Notes due in February 2018

•

$80 million of our 6.125% Notes due in August 2018

•

$691 million of our 5.375% Notes due in February 2020

•

$201 million of our 6.500% Notes due in November 2031

•

$26 million of our 7.000% Notes due in August 2037

•

$71 million of our 6.875% Notes due in February 2038

•

$69 million of our 6.875% Notes due in January 2039

•

$1,143 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 $2.8 billion notes issuance on March 6, 2015 described below and the issuance of commercial paper. In connection with retiring this debt, during the first three months of 2015, we recorded a $708 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 condensed consolidated statement of cash flows for the six months ended June 30, 2015. We also recognized $5 million of charges within interest expense from hedging instruments related to the retired debt. Upon extinguishing the debt, the deferred cash flow hedge amounts were recorded in earnings.

On March 6, 2015, we issued €2.0 billion of euro-denominated notes and £450 million of British pound sterling-denominated notes, or approximately $2.8 billion in U.S. dollars as of March 31, 2015, consisting of:

•

€500 million (or $537 million) of 1.000% fixed rate notes that mature on March 7, 2022

•

€750 million (or $805 million) of 1.625% fixed rate notes that mature on March 8, 2027

•

€750 million (or $805 million) of 2.375% fixed rate notes that mature on March 6, 2035

•

£450 million (or $667 million) of 3.875% fixed rate notes that mature on March 6, 2045

We received net proceeds of $2,890 million that were used to fund the March 2015 tender offer and for other general corporate purposes. We recorded approximately $29 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 3.1% as of June 30, 2015, following the completion of our tender offer and debt issuances in the first quarter. Our weighted-average interest rate on our total debt as of December 31, 2014 was 4.3%, down from 4.8% as of December 31, 2013.

Fair Value of Our Debt:

The fair value of our short-term borrowings at June 30, 2015 and December 31, 2014 reflects current market interest rates and approximates the amounts we have recorded on our 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 June 30, 2015, the aggregate fair value of our total debt was $19,858 million and its carrying value was $19,337 million. At December 31, 2014, the aggregate fair value of our total debt was $18,463 million and its carrying value was $16,700 million.

Interest and Other Expense, Net:

Interest and other expense, net within our results of continuing operations consisted of:


	For the Three Months Ended					For the Six Months Ended
	June 30,					June 30,
	2015		2014			2015			2014
	(in millions)

Interest expense, debt	$	147	$	192		$	322		$	394
Loss on debt extinguishment and related expenses		–		1			713			495
Net loss / (gain) on coffee business divestiture currency hedges		144		(7	)		(407	)		(7	)
Loss related to interest rate swaps		–		–			34			–
Other expense, net		23		38			38			62

Total interest and other expense, net	$	314	$	224		$	700		$	944

See Note 2, Divestitures and Acquisitions, and Note 8, Financial Instruments, for information on the currency exchange forward contracts associated with the coffee business transactions. Also see Note 8, Financial Instruments, for information on the loss related to U.S. dollar interest rate swaps no longer designated as accounting cash flow hedges during the first quarter of 2015.

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

6 Months Ended

Jun. 30, 2015

Financial Instruments

Note 8. Financial Instruments

Fair Value of Derivative Instruments:

Derivative instruments were recorded at fair value in the consolidated balance sheets as follows:


	As of June 30, 2015				As of December 31, 2014
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)

Derivatives designated as accounting hedges:
Currency exchange contracts	$	25	$	26	$	69	$	17
Commodity contracts		43		85		12		33
Interest rate contracts		19		8		13		42

	$	87	$	119	$	94	$	92


Derivatives not designated as accounting hedges:
Currency exchange contracts	$	66	$	247	$	735	$	24
Commodity contracts		107		72		90		194
Interest rate contracts		51		33		59		39

	$	224	$	352	$	884	$	257

Total fair value	$	311	$	471	$	978	$	349

We record derivative assets and liabilities on a gross basis in our condensed consolidated balance sheet. 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, 2014 for additional information on our risk management strategies and use of derivatives and related accounting.

The fair values (asset / (liability)) of our derivative instruments were determined using:


	As of June 30, 2015
	Total Fair Value of Net Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)

Currency exchange contracts	$	(182	)	$	–		$	(182	)	$	–
Commodity contracts		(7	)		(10	)		3			–
Interest rate contracts		29			–			29			–

Total derivatives	$	(160	)	$	(10	)	$	(150	)	$	–


	As of December 31, 2014
	Total Fair Value of Net Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)

Currency exchange contracts	$	763		$	–		$	763		$	–
Commodity contracts		(125	)		(49	)		(76	)		–
Interest rate contracts		(9	)		–			(9	)		–

Total derivatives	$	629		$	(49	)	$	678		$	–

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 $57 million as of June 30, 2015 and $84 million as of December 31, 2014 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, for derivatives we have in a net liability position, we would owe $3 million as of December 31, 2014, and for derivatives we have in a net asset position, our counterparties would owe us a total of $48 million as of June 30, 2015 and $38 million as of December 31, 2014.

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 agreements and other standard industry contracts. Under these agreements, we do not post nor require collateral from our counterparties. The majority of our commodity and currency exchange 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 $53 million as of June 30, 2015 and $156 million as of December 31, 2014, and for derivatives we have in a net asset position, our counterparties would owe us a total of $73 million as of June 30, 2015 and $72 million as of December 31, 2014. 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 were:


	Notional Amount
	As of June 30,		As of December 31,
	2015		2014
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	5,680	$	3,640
Forecasted transactions		7,762		6,681
Commodity contracts		2,903		1,569
Interest rate contracts		3,078		3,970
Net investment hedge – euro notes		4,459		3,932
Net investment hedge – pound sterling notes		1,257		545
Net investment hedge – Swiss franc notes		722		–

Cash Flow Hedges:

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


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(in millions)

Accumulated gain / (loss) at beginning of period	$	(46	)	$	82		$	(2	)	$	117
Transfer of realized losses / (gains) in fair value to earnings		(36	)		(2	)		(54	)		(3	)
Unrealized gain / (loss) in fair value		29			(36	)		3			(70	)

Accumulated gain / (loss) at end of period	$	(53	)	$	44		$	(53	)	$	44

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


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(in millions)

Currency exchange contracts – forecasted transactions	$	38		$	(2	)	$	84		$	(4	)
Commodity contracts		(2	)		4			(4	)		9
Interest rate contracts		–			–			(26	)		(2	)

Total	$	36		$	2		$	54		$	3

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


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(in millions)

Currency exchange contracts – forecasted transactions	$	(24	)	$	5		$	25		$	7
Commodity contracts		15			(8	)		(23	)		3
Interest rate contracts		38			(33	)		1			(80	)

Total	$	29		$	(36	)	$	3		$	(70	)

Cash flow hedge ineffectiveness was not material for all periods presented.

Pre-tax gains / (losses) on amounts excluded from effectiveness testing recognized in net earnings from continuing operations included a pre-tax loss of $34 million recognized in the three months ended March 31, 2015 within interest and other expense, net related to certain U.S. dollar interest rate swaps that we no longer designate as accounting cash flow hedges due to a change in financing and hedging plans. In the first quarter, our plans to issue U.S. dollar debt changed and we issued euro, British pound sterling and Swiss franc-denominated notes due to lower overall cost and our decision to hedge a greater portion of our net investments in operations that use these currencies as their functional currencies. In the second quarter of 2015 and the prior-year periods, amounts excluded from effectiveness testing were not material.

We record pre-tax and after-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, net 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 $37 million (net of taxes) for commodity cash flow hedges, unrealized losses of $7 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 June 30, 2015, we hedged transactions forecasted to impact cash flows over the following periods:

•

commodity transactions for periods not exceeding the next 18 months;

•

interest rate transactions for periods not exceeding the next 30 years and 8 months; and

•

currency exchange transactions for periods not exceeding the next 18 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, net:


	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2015		2014			2015			2014
	(in millions)

Derivatives	$	–	$	14		$	4		$	14
Borrowings		–		(14	)		(4	)		(14	)

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 were:



													Location of
	For the Three Months Ended						For the Six Months Ended						Gain / (Loss)
	June 30,						June 30,						Recognized
	2015			2014			2015			2014			in Earnings
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	7		$	3		$	14		$	1		Interest and other expense, net
Forecasted transactions		(7	)		(30	)		(10	)		(40	)	Cost of sales
Forecasted transactions		(152	)		(9	)		401			(14	)	Interest and other expense, net
Forecasted transactions		(5	)		(2	)		(16	)		(3	)	Selling, general and administrative expenses
Interest rate contracts		(1	)		1			–			1		Interest and other expense, net
Commodity contracts		(18	)		(6	)		(59	)		32		Cost of sales

Total	$	(176	)	$	(43	)	$	330		$	(23	)

In connection with the coffee business transactions, we entered into euro to U.S. dollar currency exchange forward contracts to hedge an expected cash receipt of approximately €4 billion upon closing. As the forward contracts relate to a business divestiture pending as of June 30, 2015, unrealized gains and losses on the derivative are recorded in earnings. We recorded net losses of $165 million for the three months and net gains of $386 million for the six months ended June 30, 2015 within interest and other expense, net in connection with the forward contracts. We also entered into currency exchange forward contracts to hedge a portion of the cash proceeds distributed to our subsidiaries in multiple countries where coffee net assets and shares were divested. During the three and six months ended June 30, 2015, the hedges with a notional value of €1.6 billion generated net unrealized gains of $21 million, which were recorded within interest and other expense, net. See Note 2, Divestitures and Acquisitions—Divestiture of Coffee Business, for additional information on our currency exchange forward contracts transactions in the first six months of 2015.

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, pound sterling and Swiss franc-denominated debt were:


	For the Three Months Ended June 30,						For the Six Months Ended June 30,						Location of Gain / (Loss) Recognized in AOCI
	2015			2014			2015			2014			Location of Gain / (Loss) Recognized in AOCI
	(in millions)

Euro notes	$	(118	)	$	5		$	196		$	–		Currency
Pound sterling notes		(45	)		(19	)		(13	)		(23	)	Translation
Swiss franc notes		(17	)		–			(30	)		–		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

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+ Details

Benefit Plans

6 Months Ended

Jun. 30, 2015

Benefit Plans

Note 9. Benefit Plans

Pension Plans

Prior to the divestiture of our global coffee business, certain active employees who transitioned to JDE participated in our Non-U.S. pension plans. Following the divestiture, benefits will be provided directly by JDE to participants continuing with JDE. JDE assumed certain pension plan obligations and received the related plan assets. As of June 30, 2015, these amounts were reported as held for sale and included the net benefit plan liabilities of $179 million and the related deferred tax assets of $29 million. Refer to Note 2, Divestitures and Acquisitions – Divestiture of Coffee Business, for more information. For all remaining participants, we retained the plan obligations and related plan assets.

Components of Net Periodic Pension Cost:

Net periodic pension cost consisted of the following:


	U.S. Plans						Non-U.S. Plans
	For the Three Months Ended June 30,						For the Three Months Ended June 30,
	2015			2014			2015			2014
	(in millions)

Service cost	$	15		$	13		$	51		$	45
Interest cost		17			16			77			100
Expected return on plan assets		(24	)		(20	)		(119	)		(125	)
Amortization:
Net loss from experience differences		10			7			38			27
Prior service cost ⁽¹⁾		1			1			16			1
Settlement losses ⁽²⁾		10			4			–			5

Net periodic pension cost	$	29		$	21		$	63		$	53


	U.S. Plans						Non-U.S. Plans
	For the Six Months Ended June 30,						For the Six Months Ended June 30,
	2015			2014			2015			2014
	(in millions)

Service cost	$	32		$	28		$	101		$	89
Interest cost		34			33			154			197
Expected return on plan assets		(47	)		(40	)		(238	)		(248	)
Amortization:
Net loss from experience differences		22			15			77			54
Prior service cost ⁽¹⁾		1			1			16			1
Settlement losses ⁽²⁾		13			6			–			10

Net periodic pension cost	$	55		$	43		$	110		$	103

(1)

For the three and six months ended June 30, 2015, amortization of prior service cost includes $17 million of pension curtailment losses related to employees who transitioned to JDE upon the divestiture of our global coffee business. Refer to Note 2, Divestitures and Acquisitions – Divestiture of Coffee Business, for more information.

(2)

For the three and six months ended June 30, 2015, settlement losses include $6 million of pension settlement losses for employees who elected lump-sum payments in connection with our 2014-2018 Restructuring Program. See Note 6, Restructuring Programs, for more information.

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 six months ended June 30, 2015, we contributed $207 million to our U.S. plans and $164 million to our non-U.S. plans. Based on current tax law, we plan to make further contributions of approximately $3 million to our U.S. plans and approximately $154 million to our non-U.S. plans during the remainder of 2015. 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 consisted of the following:


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2015			2014			2015			2014
	(in millions)

Service cost	$	3		$	3		$	7		$	6
Interest cost		6			6			12			11
Amortization:
Net loss from experience differences		4			1			7			3
Prior service credit		(2	)		(2	)		(4	)		(5	)

Net postretirement health care costs	$	11		$	8		$	22		$	15

Postemployment Benefit Plans

Net postemployment costs consisted of the following:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions)

Service cost	$	1	$	2	$	3	$	4
Interest cost		2		1		3		3

Net postemployment costs	$	3	$	3	$	6	$	7

Commitments and Contingencies

The entire disclosure for pension and other postretirement benefits.

+ References+ Details

Stock Plans

6 Months Ended

Jun. 30, 2015

Stock Plans

Note 10. Stock Plans

Stock Options:

Stock option activity consisted of the following:


	Shares Subject to Option			Weighted-Average Exercise or Grant Price Per Share		Aggregate Intrinsic Value

Balance at January 1, 2015		56,431,551		$	24.19	$	685 million

Annual grants to eligible employees		8,899,530			36.94
Additional options granted		868,730			35.59

Total options granted		9,768,260			36.82
Options exercised		(4,439,379	)		22.90	$	65 million
Options cancelled		(1,167,068	)		31.72

Balance at June 30, 2015		60,593,364			26.18	$	906 million

Restricted Stock, Deferred Stock Units and Performance Share Units:

Restricted stock, deferred stock unit and performance share unit activity consisted of the following:


	Number of Shares			Grant Date	Weighted-Average Fair Value Per Share		Weighted-Average Aggregate Fair Value

Balance at January 1, 2015		10,582,640			$	28.56

Annual grants to eligible employees:
Performance share units		1,598,290		Feb. 18, 2015		36.94
Restricted stock		386,910		Feb. 18, 2015		36.94
Deferred stock units		866,640		Feb. 18, 2015		36.94
Additional shares granted ⁽¹⁾		775,579		Various		37.06

Total shares granted		3,627,419				36.97	$	134 million
Vested		(3,286,055	)			36.97	$	121 million
Forfeited		(737,151	)			31.81

Balance at June 30, 2015		10,186,853				28.61

(1)

Includes performance share units, restricted stock and deferred stock units.

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 six months ended June 30, 2015, we repurchased 58.2 million shares of Common Stock at an average cost of $37.17 per share, or an aggregate cost of $2.2 billion, of which $2.1 billion was paid during the period. All share repurchases were funded through available cash and commercial paper issuances. As of June 30, 2015, we had $0.9 billion in remaining share repurchase capacity. On July 29, 2015, our Finance Committee, with authorization delegated from our Board of Directors, approved an increase of $6.0 billion in the share repurchase plan, raising the authorization to $13.7 billion of Common Stock repurchases, and extended the program through December 31, 2018.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2015

Note 11. 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.

In February 2013 and March 2014, Cadbury India Limited (now known as Mondelez India Foods Private Limited), a subsidiary of Mondelēz International, and other parties received show cause notices from the Indian Central Excise Authority (the “Excise Authority”) calling upon the parties to demonstrate why the Excise Authority should not collect a total of 3.7 billion Indian rupees (approximately $59 million U.S. dollars as of June 30, 2015) of unpaid excise tax and an equivalent amount of penalties, as well as interest, related to production at the same Indian facility. We contested these demands for unpaid excise taxes, penalties and interest. On March 27, 2015, after several hearings, the Commissioner of the Excise Authority issued an order denying the excise exemption that we claimed for the Indian facility and confirming the Excise Authority’s demands for total taxes and penalties in the amount of 5.8 billion Indian rupees (approximately $92 million U.S. dollars as of June 30, 2015). We have appealed this order. In addition, the Excise Authority issued another show cause notice, dated February 6, 2015, on the same issue but covering the period January to October 2014, thereby adding 1.0 billion Indian rupees (approximately $16 million U.S. dollars as of June 30, 2015) of unpaid excise taxes as well as penalties of up to 1.0 billion Indian rupees (approximately $16 million U.S. dollars as of June 30, 2015) and interest, to the amount claimed by the Excise Authority. We believe that the decision to claim the excise tax benefit is valid and we are continuing to contest the show cause notices through the administrative and judicial process.

In April 2013, the staff of the U.S. Commodity Futures Trading Commission (“CFTC”) advised us and Kraft Foods Group, Inc. (“Kraft”) that it was investigating activities related to the trading of December 2011 wheat futures contracts that occurred prior to the Spin-Off of Kraft. We cooperated with the staff in its investigation. On April 1, 2015, the CFTC filed a complaint against Kraft and Mondelēz Global LLC (“Mondelēz Global”) in the U.S. District Court for the Northern District of Illinois, Eastern Division (the “CFTC action”). The complaint alleges that Kraft and Mondelēz Global (1) manipulated or attempted to manipulate the wheat markets during the fall of 2011; (2) violated position limit levels for wheat futures and (3) engaged in non-competitive trades by trading both sides of exchange-for-physical Chicago Board of Trade wheat contracts. The CFTC seeks civil monetary penalties of either triple the monetary gain for each violation of the Commodity Exchange Act (the “Act”) or $1 million for each violation of Section 6(c)(1), 6(c)(3) or 9(a)(2) of the Act and $140,000 for each additional violation of the Act, plus post-judgment interest; an order of permanent injunction prohibiting Kraft and Mondelēz Global from violating specified provisions of the Act; disgorgement of profits; and costs and fees. On June 1, 2015, Mondelēz Global and Kraft filed a motion to dismiss the CFTC’s claims of market manipulation and attempted manipulation. Additionally, several class action complaints were filed against Kraft and Mondelēz Global in the U.S. District Court for the Northern District of Illinois by investors in wheat futures and options on behalf of themselves and others similarly situated. The complaints make similar allegations as those made in the CFTC action and seek class action certification; an unspecified amount for damages, interest and unjust enrichment; costs and fees; and injunctive, declaratory, and other unspecified relief. On June 4, 2015, these suits were consolidated in the Northern District of Illinois. It is not possible to predict the outcome of these matters; however, based on our Separation and Distribution Agreement with Kraft dated as of September 27, 2012, we expect to predominantly bear any monetary penalties or other payments in connection with the CFTC action.

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 June 30, 2015, we had no material third-party guarantees recorded on our consolidated balance sheet.

Reclassifications from Accumulated Other Comprehensive Income

The entire disclosure for commitments and contingencies.

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Reclassifications from Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2015

Note 12. Reclassifications from Accumulated Other Comprehensive Income

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


	Mondelēz International Shareholders’ Equity
	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⁾		167			(6	)		–			161
Pension and other benefits		–			–			–			–
Derivatives accounted for as hedges		(20	)		–			(112	)		(132	)
Losses / (gains) reclassified into net earnings		–			85			(4	)		81
Tax (expense) / benefit		(3	)		(21	)		43			19

Total other comprehensive earnings / (losses)											129

Balances at June 30, 2014	$	(1,270	)	$	(1,534	)	$	44		$	(2,760	)


Balances at January 1, 2015	$	(5,042	)	$	(2,274	)	$	(2	)	$	(7,318	)

Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment⁽¹⁾		(1,600	)		51			–			(1,549	)
Pension and other benefits		–			(28	)		–			(28	)
Derivatives accounted for as hedges		241			–			10			251
Losses / (gains) reclassified into net earnings		–			132			(48	)		84
Tax (expense) / benefit		(88	)		(31	)		(13	)		(132	)

Total other comprehensive earnings / (losses)											(1,374	)

Balances at June 30, 2015	$	(6,489	)	$	(2,150	)	$	(53	)	$	(8,692	)

(1)

The condensed consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(16) million for the six months ended June 30, 2015 and $(1) million for the six months ended June 30, 2014.

Amounts reclassified from accumulated other comprehensive earnings / (losses) and their locations in the condensed consolidated financial statements were as follows:


	For the Three Months Ended						For the Six Months Ended						Location of Gain / (Loss) Recognized in Net Earnings
	June 30,						June 30,
	2015			2014			2015			2014
	(in millions)

Pension and other benefits:
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	$	67		$	35		$	119		$	69
Settlement losses ⁽¹⁾		10			9			13			16
Tax impact		(23	)		(8	)		(36	)		(21	)	Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts – forecasted transactions		(42	)		2			(92	)		4		Cost of sales
Commodity contracts		(2	)		(4	)		3			(11	)	Cost of sales
Interest rate contracts		–			–			41			3		Interest and other expense, net
Tax impact		3			1			(10	)		1		Provision for income taxes

Total reclassifications into net earnings, net of tax	$	13		$	35		$	38		$	61

(1)

These items are included in the components of net periodic benefit costs disclosed in Note 9, 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.

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Income Taxes

6 Months Ended

Jun. 30, 2015

Income Taxes

Note 13. Income Taxes

During 2015, 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 $4 million for the three months and $11 million for the six months ended June 30, 2015. During 2014, we recorded immaterial out-of-period adjustments of $5 million for the three and six months ended June 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 2015 is 19.0%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions. Our 2015 second quarter effective tax rate of 19.0% included net tax expense from $8 million of discrete one-time events. The discrete net tax expense primarily consisted of $22 million related to the sale of our interest in AGF, partially offset by $11 million related to favorable audit settlements and expirations of statutes of limitations in several jurisdictions. Our effective tax rate for the six months ended June 30, 2015 of 22.4% was unfavorably impacted by net tax expense from $33 million of discrete one-time events. The discrete net tax expense primarily consisted of $54 million of tax charges related to the sale of our interest in AGF ($32 million in the first quarter upon the investment’s change to held-for-sale status and an additional $22 million upon the closing of the sale in the second quarter), partially offset by $33 million from favorable audit settlements and expirations of statutes of limitations in several jurisdictions.

As of the second quarter of 2014, our estimated annual effective tax rate for 2014 was 19.6%, 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 second quarter effective tax rate of 12.4% was favorably impacted by net tax benefits from $52 million of discrete one-time events, of which $37 million related to tax return to provision adjustments and $9 million related to favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions. Our effective tax rate for the six months ended June 30, 2014 of 7.5% was due to tax benefits from discrete one-time events and lower pre-tax income due to the tender-related loss on debt extinguishment and the remeasurement of the Venezuela net monetary assets. Of the discrete net tax benefits of $104 million, $60 million related to favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions and $37 million related to tax return to provision adjustments.

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.

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Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share

Note 14. Earnings Per Share

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


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions, except per share data)

Net earnings	$	427	$	642	$	739	$	792
Noncontrolling interest		21		20		9		7

Net earnings attributable to Mondelēz International	$	406	$	622	$	730	$	785


Weighted-average shares for basic EPS		1,625		1,694		1,637		1,699
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		18		18		17		18

Weighted-average shares for diluted EPS		1,643		1,712		1,654		1,717


Basic earnings per share attributable to Mondelēz International	$	0.25	$	0.37	$	0.45	$	0.46
Diluted earnings per share attributable to Mondelēz International	$	0.25	$	0.36	$	0.44	$	0.46

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded 12.6 million antidilutive stock options for the three months and 13.2 million antidilutive stock options for the six months ended June 30, 2015 and we excluded 9.9 million antidilutive stock options for the three months and 7.3 million antidilutive stock options for the six months ended June 30, 2014.

The entire disclosure for earnings per share.

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Segment Reporting

6 Months Ended

Jun. 30, 2015

Segment Reporting

Note 15. Segment Reporting

We manufacture and market primarily snack food and beverage products, including biscuits (cookies, crackers and salted snacks), chocolate, gum & candy, coffee & powdered beverages and various cheese & grocery products. We manage our global business and report operating results through geographic units.

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

•

Latin America

•

Asia Pacific

•

Eastern Europe, Middle East and Africa

•

Europe

•

North America

We manage our operations by region to leverage regional operating scale, manage different and changing business environments more effectively and pursue growth opportunities as they arise in our key markets. In 2015, we began to report stock-based compensation for our corporate employees, which was previously reported within our North America region, within general corporate expenses. We reclassified corporate stock-based compensation expense out of the North America segment of $4 million during the three months and $15 million during the six months ended June 30, 2015.

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, 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, net. 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 June 30,				For the Six Months Ended June 30,
	2015		2014		2015		2014
	(in millions)
Net revenues:
Latin America	$	1,240	$	1,242	$	2,497	$	2,598
Asia Pacific		1,024		1,084		2,177		2,307
EEMEA		869		1,008		1,564		1,846
Europe		2,815		3,379		5,790		6,936
North America		1,713		1,723		3,395		3,390

Net revenues	$	7,661	$	8,436	$	15,423	$	17,077


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2015			2014			2015			2014
	(in millions)
Earnings before income taxes:
Operating income:
Latin America	$	134		$	140		$	288		$	184
Asia Pacific		104			111			250			299
EEMEA		100			146			132			210
Europe		261			463			587			926
North America		261			269			542			472
Unrealized gains / (losses) on hedging activities		86			(54	)		79			(47	)
General corporate expenses		(71	)		(63	)		(145	)		(135	)
Amortization of intangibles		(46	)		(55	)		(92	)		(109	)
Gain on divestiture		13			–			13			–
Acquisition-related costs		(1	)		–			(2	)		–

Operating income		841			957			1,652			1,800
Interest and other expense, net		(314	)		(224	)		(700	)		(944	)

Earnings before income taxes	$	527		$	733		$	952		$	856

Items impacting our segment operating results are discussed in Note 1, Basis of Presentation, including the Venezuelan currency devaluation, Note 2, Divestitures and Acquisitions, and Note 6, Restructuring Programs. Also see Note 7, Debt, and Note 8, Financial Instruments, for more information on our interest and other expense, net for each period.

Net revenues by product category were:


	For the Three Months Ended June 30, 2015
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	407	$	268	$	147	$	642	$	1,400	$	2,864
Chocolate		202		302		196		890		41		1,631
Gum & Candy		295		188		166		198		272		1,119
Beverages ⁽¹⁾		178		133		272		776		–		1,359
Cheese & Grocery		158		133		88		309		–		688

Total net revenues	$	1,240	$	1,024	$	869	$	2,815	$	1,713	$	7,661


	For the Three Months Ended June 30, 2014 ⁽²⁾
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	333	$	273	$	171	$	794	$	1,398	$	2,969
Chocolate		256		329		221		1,114		50		1,970
Gum & Candy		293		188		200		238		275		1,194
Beverages ⁽¹⁾		197		137		327		848		–		1,509
Cheese & Grocery		163		157		89		385		–		794

Total net revenues	$	1,242	$	1,084	$	1,008	$	3,379	$	1,723	$	8,436


	For the Six Months Ended June 30, 2015
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	716	$	584	$	271	$	1,236	$	2,758	$	5,565
Chocolate		496		704		395		2,118		97		3,810
Gum & Candy		590		379		284		381		540		2,174
Beverages ⁽¹⁾		392		248		457		1,450		–		2,547
Cheese & Grocery		303		262		157		605		–		1,327

Total net revenues	$	2,497	$	2,177	$	1,564	$	5,790	$	3,395	$	15,423


	For the Six Months Ended June 30, 2014 ⁽²⁾
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	660	$	604	$	318	$	1,516	$	2,739	$	5,837
Chocolate		580		747		464		2,590		113		4,494
Gum & Candy		579		394		347		461		538		2,319
Beverages ⁽¹⁾		452		259		555		1,625		–		2,891
Cheese & Grocery		327		303		162		744		–		1,536

Total net revenues	$	2,598	$	2,307	$	1,846	$	6,936	$	3,390	$	17,077

(1)

On July 2, 2015, we divested our global coffee businesses from our Europe, EEMEA and Asia Pacific segment beverage categories. Refer to Note 2, Divestitures and Acquisitions – Divestiture of Coffee Business, for more information.

(2)

During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Accounting Calendar Change

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.

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+ Details

Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2015

Basis of Presentation

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

Accounting Calendar Change:

Currency Translation and Highly Inflationary Accounting

Currency Translation and Highly Inflationary Accounting:

In the first quarter of 2015, we recognized an $11 million remeasurement loss, reflecting an increase in the SICAD exchange rate from 11.50 to 12.00 bolivars to the U.S. dollar.


Venezuela operations		Three Months Ended June 30, 2015
Net revenues		$300 million or 3.9% of consolidated net revenues

		Six Months Ended June 30, 2015
Net revenues		$519 million or 3.4% of consolidated net revenues

		As of June 30, 2015
Cash		$388 million
Net monetary assets		$312 million
Net assets		$564 million

New Accounting Pronouncements

New Accounting Pronouncements:

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

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)

6 Months Ended

Jun. 30, 2015


Venezuela operations		Three Months Ended June 30, 2015
Net revenues		$300 million or 3.9% of consolidated net revenues

		Six Months Ended June 30, 2015
Net revenues		$519 million or 3.4% of consolidated net revenues

		As of June 30, 2015
Cash		$388 million
Net monetary assets		$312 million
Net assets		$564 million

Divestitures and Acquisitions (Tables)

6 Months Ended

Jun. 30, 2015

Pre-tax Earnings and Major Classes of Assets and Liablities

Our coffee business results are reflected in our consolidated financial statements through June 30, 2015. The pre-tax earnings of the coffee businesses were:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions)

Earnings before income taxes	$	212	$	151	$	342	$	310

The major classes of the held for sale assets and liabilities consist of:


	As of June 30,
	2015
	(in millions)
Assets
Cash and cash equivalents	$	442
Trade receivables		471
Other receivables		26
Inventories, net		473
Deferred income taxes		5
Other current assets		42

Current assets held for sale		1,459

Property, plant and equipment, net		755
Goodwill		1,672
Intangible assets, net		–
Other assets		12

Noncurrent assets held for sale		2,439

Total assets held for sale	$	3,898

Liabilities
Accounts payable	$	439
Accrued marketing		292
Accrued employment costs		29
Other current liabilities		63

Current liabilities held for sale		823

Deferred income taxes		28
Accrued pension costs		179
Other liabilities		4

Noncurrent liabilities held for sale		211

Total liabilities held for sale	$	1,034

Net assets held for sale	$	2,864

Components of Inventories

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details

Inventories (Tables)

6 Months Ended

Jun. 30, 2015

Inventories consisted of the following:


	As of June 30,		As of December 31,
	2015		2014
	(in millions)

Raw materials	$	1,008	$	1,122
Finished product		1,992		2,358

Inventories, net	$	3,000	$	3,480

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2015

Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of June 30,			As of December 31,
	2015			2014
	(in millions)

Land and land improvements	$	520		$	574
Buildings and building improvements		2,743			3,117
Machinery and equipment		10,143			11,737
Construction in progress		1,478			1,484

		14,884			16,912
Accumulated depreciation		(6,156	)		(7,085	)

Property, plant and equipment, net	$	8,728		$	9,827

Property Plant and Equipment | Asset Impairment Charges

Schedule of Restructuring and Implementation Costs

These charges were recorded in the consolidated statements of earnings within asset impairment and exit costs as follows:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions)

Latin America	$	21	$	–	$	34	$	–
Asia Pacific		9		–		28		–
EEMEA		2		1		2		1
Europe		12		–		37		1
North America		13		13		34		24

Total non-cash asset write-downs	$	57	$	14	$	135	$	26

2014-2018 Restructuring Program

Schedule of Restructuring and Implementation Costs

During 2015 and 2014, we recorded restructuring and implementation costs related to the 2014-2018 Restructuring Program within operating income as follows:


	Latin America		Asia Pacific		EEMEA		Europe		North America		Corporate⁽¹⁾		Total
							(in millions)

For the Three Months Ended June 30, 2015
Restructuring Costs	$	32	$	18	$	11	$	48	$	19	$	7	$	135
Implementation Costs		14		7		3		6		13		4		47

Total	$	46	$	25	$	14	$	54	$	32	$	11	$	182


For the Six Months Ended June 30, 2015
Restructuring Costs	$	47	$	45	$	14	$	157	$	28	$	6	$	297
Implementation Costs		23		9		6		26		24		21		109

Total	$	70	$	54	$	20	$	183	$	52	$	27	$	406


For the Three and Six Months Ended June 30, 2014
Restructuring Costs	$	1	$	–	$	–	$	–	$	–	$	–	$	1
Implementation Costs		1		–		–		–		–		8		9

Total	$	2	$	–	$	–	$	–	$	–	$	8	$	10


Total Project 2014-2015 ⁽²⁾
Restructuring Costs	$	128	$	61	$	33	$	248	$	85	$	16	$	571
Implementation Costs		39		18		10		63		29		57		216

Total	$	167	$	79	$	43	$	311	$	114	$	73	$	787

(1)

Includes adjustment for rounding.

(2)

Includes all charges recorded since program inception on May 6, 2014 through June 30, 2015.

2012-2014 Restructuring Program

Schedule of Restructuring and Implementation Costs

During the three and six months ended June 30, 2014 and since inception of the 2012-2014 Restructuring Program, we recorded restructuring and implementation costs within operating income as follows:


	Latin America		Asia Pacific		EEMEA		Europe		North America		Corporate⁽¹⁾			Total
							(in millions)

For the Three Months Ended June 30, 2014
Restructuring Costs	$	3	$	1	$	8	$	26	$	16	$	–		$	54
Implementation Costs		1		–		1		13		6		(2	)		19

Total	$	4	$	1	$	9	$	39	$	22	$	(2	)	$	73


For the Six Months Ended June 30, 2014
Restructuring Costs	$	4	$	1	$	12	$	43	$	36	$	–		$	96
Implementation Costs		1		–		2		28		13		(1	)		43

Total	$	5	$	1	$	14	$	71	$	49	$	(1	)	$	139


Total Project 2012-2014 ⁽²⁾
Restructuring Costs	$	36	$	36	$	69	$	249	$	337	$	2		$	729
Implementation Costs		3		6		4		88		65		4			170

Total	$	39	$	42	$	73	$	337	$	402	$	6		$	899

(1)

Includes adjustment for rounding.

(2)

Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Goodwill by Reportable Segment

Goodwill by reportable segment was:


	As of June 30,		As of December 31,
	2015		2014
	(in millions)

Latin America	$	1,010	$	1,127
Asia Pacific		2,189		2,395
EEMEA		1,456		1,942
Europe		7,463		8,952
North America		8,937		8,973

Goodwill	$	21,055	$	23,389

Intangible Assets Disclosure

Intangible assets consisted of the following:


	As of June 30,			As of December 31,
	2015			2014
	(in millions)

Non-amortizable intangible assets	$	18,272		$	18,810
Amortizable intangible assets		2,460			2,525

		20,732			21,335
Accumulated amortization		(1,055	)		(1,000	)

Intangible assets, net	$	19,677		$	20,335

Changes in Goodwill and Intangible Assets

Changes in goodwill and intangible assets consisted of:


	Goodwill			Intangible Assets, at Cost
	(in millions)

Balance at January 1, 2015	$	23,389		$	21,335
Changes due to:
Currency		(616	)		(659	)
Held for sale due to coffee business transactions		(1,672	)		–
Divestiture		(65	)		–
Acquisition		20			58
Other		(1	)		(2	)

Balance at June 30, 2015	$	21,055		$	20,732

Changes to goodwill and intangibles were:

•

Divestiture – On April 23, 2015, we completed the divestiture of our 50 percent interest in AGF, which resulted in divesting $65 million of goodwill.

•

Acquisition – On February 16, 2015, we acquired Enjoy Life Foods and recorded $20 million of goodwill and $58 million in identifiable intangible assets.

Restructuring Programs (Tables)

6 Months Ended

Jun. 30, 2015

2014-2018 Restructuring Program

Schedule of Restructuring Costs

The activity for the 2014-2018 Restructuring Program liability for the six months ended June 30, 2015 was:


	Severance and Related Costs			Asset Write-downs			Total
	(in millions)

Liability balance, January 1, 2015	$	224		$	–		$	224
Charges		163			134			297
Cash spent		(105	)		–			(105	)
Non-cash settlements / adjustments		(6	)		(134	)		(140	)
Currency		(9	)		–			(9	)

Liability balance, June 30, 2015	$	267		$	–		$	267

2012-2014 Restructuring Program

Schedule of Restructuring Costs

The activity for the 2012-2014 Restructuring Program liability for the six months ended June 30, 2015 was:


	Severance and Related Costs			Asset Write-downs		Total
				(in millions)

Liability balance, January 1, 2015	$	128		$	–	$	128
Charges		(3	)		–		(3	)
Cash spent		(43	)		–		(43	)
Non-cash settlements / adjustments		1			–		1
Currency		(6	)		–		(6	)

Liability balance, June 30, 2015	$	77		$	–	$	77

Debt (Tables)

6 Months Ended

Jun. 30, 2015

Short-Term Borrowings and Related Weighted-Average Interest Rates

Our short-term borrowings and related weighted-average interest rates consisted of:


	As of June 30, 2015				As of December 31, 2014
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions)				(in millions)

Commercial paper	$	4,211		0.5%	$	1,101		0.4%
Bank loans		272		10.1%		204		8.8%

Total short-term borrowings	$	4,483			$	1,305

Interest and Other Expense Net Within Results of Continuing Operations

Interest and other expense, net within our results of continuing operations consisted of:


	For the Three Months Ended					For the Six Months Ended
	June 30,					June 30,
	2015		2014			2015			2014
	(in millions)

Interest expense, debt	$	147	$	192		$	322		$	394
Loss on debt extinguishment and related expenses		–		1			713			495
Net loss / (gain) on coffee business divestiture currency hedges		144		(7	)		(407	)		(7	)
Loss related to interest rate swaps		–		–			34			–
Other expense, net		23		38			38			62

Total interest and other expense, net	$	314	$	224		$	700		$	944

Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value of Derivatives Instruments

Derivative instruments were recorded at fair value in the consolidated balance sheets as follows:


	As of June 30, 2015				As of December 31, 2014
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)

Derivatives designated as accounting hedges:
Currency exchange contracts	$	25	$	26	$	69	$	17
Commodity contracts		43		85		12		33
Interest rate contracts		19		8		13		42

	$	87	$	119	$	94	$	92


Derivatives not designated as accounting hedges:
Currency exchange contracts	$	66	$	247	$	735	$	24
Commodity contracts		107		72		90		194
Interest rate contracts		51		33		59		39

	$	224	$	352	$	884	$	257

Total fair value	$	311	$	471	$	978	$	349

Notional Values of Derivative Instruments

The net notional values of our derivative instruments were:


	Notional Amount
	As of June 30,		As of December 31,
	2015		2014
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	5,680	$	3,640
Forecasted transactions		7,762		6,681
Commodity contracts		2,903		1,569
Interest rate contracts		3,078		3,970
Net investment hedge – euro notes		4,459		3,932
Net investment hedge – pound sterling notes		1,257		545
Net investment hedge – Swiss franc notes		722		–

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, pound sterling and Swiss franc-denominated debt were:


	For the Three Months Ended June 30,						For the Six Months Ended June 30,						Location of Gain / (Loss) Recognized in AOCI
	2015			2014			2015			2014			Location of Gain / (Loss) Recognized in AOCI
	(in millions)

Euro notes	$	(118	)	$	5		$	196		$	–		Currency
Pound sterling notes		(45	)		(19	)		(13	)		(23	)	Translation
Swiss franc notes		(17	)		–			(30	)		–		Adjustment

Derivative

Schedule of Derivative Instruments Fair Value and Measurement Inputs

The fair values (asset / (liability)) of our derivative instruments were determined using:


	As of June 30, 2015
	Total Fair Value of Net Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)

Currency exchange contracts	$	(182	)	$	–		$	(182	)	$	–
Commodity contracts		(7	)		(10	)		3			–
Interest rate contracts		29			–			29			–

Total derivatives	$	(160	)	$	(10	)	$	(150	)	$	–


	As of December 31, 2014
	Total Fair Value of Net Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)

Currency exchange contracts	$	763		$	–		$	763		$	–
Commodity contracts		(125	)		(49	)		(76	)		–
Interest rate contracts		(9	)		–			(9	)		–

Total derivatives	$	629		$	(49	)	$	678		$	–

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 Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(in millions)

Accumulated gain / (loss) at beginning of period	$	(46	)	$	82		$	(2	)	$	117
Transfer of realized losses / (gains) in fair value to earnings		(36	)		(2	)		(54	)		(3	)
Unrealized gain / (loss) in fair value		29			(36	)		3			(70	)

Accumulated gain / (loss) at end of period	$	(53	)	$	44		$	(53	)	$	44

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 Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(in millions)

Currency exchange contracts – forecasted transactions	$	38		$	(2	)	$	84		$	(4	)
Commodity contracts		(2	)		4			(4	)		9
Interest rate contracts		–			–			(26	)		(2	)

Total	$	36		$	2		$	54		$	3

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


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(in millions)

Currency exchange contracts – forecasted transactions	$	(24	)	$	5		$	25		$	7
Commodity contracts		15			(8	)		(23	)		3
Interest rate contracts		38			(33	)		1			(80	)

Total	$	29		$	(36	)	$	3		$	(70	)

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, net:


	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2015		2014			2015			2014
	(in millions)

Derivatives	$	–	$	14		$	4		$	14
Borrowings		–		(14	)		(4	)		(14	)

Economic Hedging

Schedule of Effects of Derivative Instruments

Pre-tax gains / (losses) recorded in net earnings for economic hedges were:



													Location of
	For the Three Months Ended						For the Six Months Ended						Gain / (Loss)
	June 30,						June 30,						Recognized
	2015			2014			2015			2014			in Earnings
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	7		$	3		$	14		$	1		Interest and other expense, net
Forecasted transactions		(7	)		(30	)		(10	)		(40	)	Cost of sales
Forecasted transactions		(152	)		(9	)		401			(14	)	Interest and other expense, net
Forecasted transactions		(5	)		(2	)		(16	)		(3	)	Selling, general and administrative expenses
Interest rate contracts		(1	)		1			–			1		Interest and other expense, net
Commodity contracts		(18	)		(6	)		(59	)		32		Cost of sales

Total	$	(176	)	$	(43	)	$	330		$	(23	)

Restricted Stock, Deferred Stock Unit and Performance Share Unit Activity

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)

6 Months Ended

Jun. 30, 2015

Postemployment Benefit Plans

Components of Net Costs

Net postemployment costs consisted of the following:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions)

Service cost	$	1	$	2	$	3	$	4
Interest cost		2		1		3		3

Net postemployment costs	$	3	$	3	$	6	$	7

Pension Plans

Components of Net Costs

Net periodic pension cost consisted of the following:


	U.S. Plans						Non-U.S. Plans
	For the Three Months Ended June 30,						For the Three Months Ended June 30,
	2015			2014			2015			2014
	(in millions)

Service cost	$	15		$	13		$	51		$	45
Interest cost		17			16			77			100
Expected return on plan assets		(24	)		(20	)		(119	)		(125	)
Amortization:
Net loss from experience differences		10			7			38			27
Prior service cost ⁽¹⁾		1			1			16			1
Settlement losses ⁽²⁾		10			4			–			5

Net periodic pension cost	$	29		$	21		$	63		$	53


	U.S. Plans						Non-U.S. Plans
	For the Six Months Ended June 30,						For the Six Months Ended June 30,
	2015			2014			2015			2014
	(in millions)

Service cost	$	32		$	28		$	101		$	89
Interest cost		34			33			154			197
Expected return on plan assets		(47	)		(40	)		(238	)		(248	)
Amortization:
Net loss from experience differences		22			15			77			54
Prior service cost ⁽¹⁾		1			1			16			1
Settlement losses ⁽²⁾		13			6			–			10

Net periodic pension cost	$	55		$	43		$	110		$	103

(1)

(2)

Postretirement Benefit Plans

Components of Net Costs

Net postretirement health care costs consisted of the following:


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2015			2014			2015			2014
	(in millions)

Service cost	$	3		$	3		$	7		$	6
Interest cost		6			6			12			11
Amortization:
Net loss from experience differences		4			1			7			3
Prior service credit		(2	)		(2	)		(4	)		(5	)

Net postretirement health care costs	$	11		$	8		$	22		$	15

Stock Plans (Tables)

6 Months Ended

Jun. 30, 2015

Stock Options Activity

Stock option activity consisted of the following:


	Shares Subject to Option			Weighted-Average Exercise or Grant Price Per Share		Aggregate Intrinsic Value

Balance at January 1, 2015		56,431,551		$	24.19	$	685 million

Annual grants to eligible employees		8,899,530			36.94
Additional options granted		868,730			35.59

Total options granted		9,768,260			36.82
Options exercised		(4,439,379	)		22.90	$	65 million
Options cancelled		(1,167,068	)		31.72

Balance at June 30, 2015		60,593,364			26.18	$	906 million

Restricted stock, deferred stock unit and performance share unit

Restricted stock, deferred stock unit and performance share unit activity consisted of the following:


	Number of Shares			Grant Date	Weighted-Average Fair Value Per Share		Weighted-Average Aggregate Fair Value

Balance at January 1, 2015		10,582,640			$	28.56

Annual grants to eligible employees:
Performance share units		1,598,290		Feb. 18, 2015		36.94
Restricted stock		386,910		Feb. 18, 2015		36.94
Deferred stock units		866,640		Feb. 18, 2015		36.94
Additional shares granted ⁽¹⁾		775,579		Various		37.06

Total shares granted		3,627,419				36.97	$	134 million
Vested		(3,286,055	)			36.97	$	121 million
Forfeited		(737,151	)			31.81

Balance at June 30, 2015		10,186,853				28.61

(1)

Includes performance share units, restricted stock and deferred stock units.

Reclassifications from Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2015

Components of Accumulated Other Comprehensive Earnings /(Losses)

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


	Mondelēz International Shareholders’ Equity
	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⁾		167			(6	)		–			161
Pension and other benefits		–			–			–			–
Derivatives accounted for as hedges		(20	)		–			(112	)		(132	)
Losses / (gains) reclassified into net earnings		–			85			(4	)		81
Tax (expense) / benefit		(3	)		(21	)		43			19

Total other comprehensive earnings / (losses)											129

Balances at June 30, 2014	$	(1,270	)	$	(1,534	)	$	44		$	(2,760	)


Balances at January 1, 2015	$	(5,042	)	$	(2,274	)	$	(2	)	$	(7,318	)

Other comprehensive earnings / (losses), before reclassifications:
Currency translation adjustment⁽¹⁾		(1,600	)		51			–			(1,549	)
Pension and other benefits		–			(28	)		–			(28	)
Derivatives accounted for as hedges		241			–			10			251
Losses / (gains) reclassified into net earnings		–			132			(48	)		84
Tax (expense) / benefit		(88	)		(31	)		(13	)		(132	)

Total other comprehensive earnings / (losses)											(1,374	)

Balances at June 30, 2015	$	(6,489	)	$	(2,150	)	$	(53	)	$	(8,692	)

(1)

Amounts Reclassified from Accumulated Other Comprehensive Earnings/ (Losses)

Amounts reclassified from accumulated other comprehensive earnings / (losses) and their locations in the condensed consolidated financial statements were as follows:


	For the Three Months Ended						For the Six Months Ended						Location of Gain / (Loss) Recognized in Net Earnings
	June 30,						June 30,
	2015			2014			2015			2014
	(in millions)

Pension and other benefits:
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	$	67		$	35		$	119		$	69
Settlement losses ⁽¹⁾		10			9			13			16
Tax impact		(23	)		(8	)		(36	)		(21	)	Provision for income taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts – forecasted transactions		(42	)		2			(92	)		4		Cost of sales
Commodity contracts		(2	)		(4	)		3			(11	)	Cost of sales
Interest rate contracts		–			–			41			3		Interest and other expense, net
Tax impact		3			1			(10	)		1		Provision for income taxes

Total reclassifications into net earnings, net of tax	$	13		$	35		$	38		$	61

(1)

These items are included in the components of net periodic benefit costs disclosed in Note 9, Benefit Plans.

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

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 Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(in millions, except per share data)

Net earnings	$	427	$	642	$	739	$	792
Noncontrolling interest		21		20		9		7

Net earnings attributable to Mondelēz International	$	406	$	622	$	730	$	785


Weighted-average shares for basic EPS		1,625		1,694		1,637		1,699
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		18		18		17		18

Weighted-average shares for diluted EPS		1,643		1,712		1,654		1,717


Basic earnings per share attributable to Mondelēz International	$	0.25	$	0.37	$	0.45	$	0.46
Diluted earnings per share attributable to Mondelēz International	$	0.25	$	0.36	$	0.44	$	0.46

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2015

Net Revenues by Segment


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2015		2014		2015		2014
	(in millions)
Net revenues:
Latin America	$	1,240	$	1,242	$	2,497	$	2,598
Asia Pacific		1,024		1,084		2,177		2,307
EEMEA		869		1,008		1,564		1,846
Europe		2,815		3,379		5,790		6,936
North America		1,713		1,723		3,395		3,390

Net revenues	$	7,661	$	8,436	$	15,423	$	17,077

Reconciliation of Operating Profit (Loss) from Segments to Consolidated


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2015			2014			2015			2014
	(in millions)
Earnings before income taxes:
Operating income:
Latin America	$	134		$	140		$	288		$	184
Asia Pacific		104			111			250			299
EEMEA		100			146			132			210
Europe		261			463			587			926
North America		261			269			542			472
Unrealized gains / (losses) on hedging activities		86			(54	)		79			(47	)
General corporate expenses		(71	)		(63	)		(145	)		(135	)
Amortization of intangibles		(46	)		(55	)		(92	)		(109	)
Gain on divestiture		13			–			13			–
Acquisition-related costs		(1	)		–			(2	)		–

Operating income		841			957			1,652			1,800
Interest and other expense, net		(314	)		(224	)		(700	)		(944	)

Earnings before income taxes	$	527		$	733		$	952		$	856

Net Revenues by Consumer Sector

Net revenues by product category were:


	For the Three Months Ended June 30, 2015
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	407	$	268	$	147	$	642	$	1,400	$	2,864
Chocolate		202		302		196		890		41		1,631
Gum & Candy		295		188		166		198		272		1,119
Beverages ⁽¹⁾		178		133		272		776		–		1,359
Cheese & Grocery		158		133		88		309		–		688

Total net revenues	$	1,240	$	1,024	$	869	$	2,815	$	1,713	$	7,661


	For the Three Months Ended June 30, 2014 ⁽²⁾
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	333	$	273	$	171	$	794	$	1,398	$	2,969
Chocolate		256		329		221		1,114		50		1,970
Gum & Candy		293		188		200		238		275		1,194
Beverages ⁽¹⁾		197		137		327		848		–		1,509
Cheese & Grocery		163		157		89		385		–		794

Total net revenues	$	1,242	$	1,084	$	1,008	$	3,379	$	1,723	$	8,436


	For the Six Months Ended June 30, 2015
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	716	$	584	$	271	$	1,236	$	2,758	$	5,565
Chocolate		496		704		395		2,118		97		3,810
Gum & Candy		590		379		284		381		540		2,174
Beverages ⁽¹⁾		392		248		457		1,450		–		2,547
Cheese & Grocery		303		262		157		605		–		1,327

Total net revenues	$	2,497	$	2,177	$	1,564	$	5,790	$	3,395	$	15,423


	For the Six Months Ended June 30, 2014 ⁽²⁾
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	660	$	604	$	318	$	1,516	$	2,739	$	5,837
Chocolate		580		747		464		2,590		113		4,494
Gum & Candy		579		394		347		461		538		2,319
Beverages ⁽¹⁾		452		259		555		1,625		–		2,891
Cheese & Grocery		327		303		162		744		–		1,536

Total net revenues	$	2,598	$	2,307	$	1,846	$	6,936	$	3,390	$	17,077

(1)

(2)

During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Basis of Presentation - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

0 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2015

Country

Jun. 30, 2014

Jun. 30, 2015

Country

Jun. 30, 2014

Jun. 30, 2015

Argentina

Jun. 30, 2015

Argentina

Mar. 31, 2015

Russia

Jun. 30, 2015

Russia

Mar. 31, 2014

SICAD I

Mar. 31, 2015

SICAD

Jun. 30, 2015

Venezuelan bolívar fuerte

Feb. 08, 2013

Venezuelan bolívar fuerte

Jan. 02, 2010

Venezuelan bolívar fuerte

Mar. 31, 2014

Venezuelan bolívar fuerte

SICAD I

Mar. 31, 2015

Venezuelan bolívar fuerte

SICAD

Feb. 10, 2015

Venezuelan bolívar fuerte

SICAD

Dec. 31, 2014

Venezuelan bolívar fuerte

SICAD

Jun. 30, 2015

Venezuelan bolívar fuerte

SIMADI

Jan. 23, 2014

Argentina, Pesos

Jun. 30, 2015

Argentina, Pesos

Dec. 31, 2014

Russia, Rubles

Jun. 30, 2015

Russia, Rubles

Summary Of Significant Accounting Policies [Line Items]

Change in accounting policy effect of change on net revenue

$ 39

Change in accounting policy effect of change on operating results

Foreign currency exchange rate translation

6.30

4.30

10.70

12.00

11.50

197.30

Foreign currency impacts relating to highly inflationary accounting

(142)

(11)

Devalued percentage against US Dollar

15.00%

7.00%

50.00%

Net revenue

$ 7,661

$ 8,436

^[1]

$ 15,423

$ 17,077

^[1]

$ 185

$ 360

$ 210

$ 380

Percentage of consolidated net revenues

2.40%

2.30%

2.70%

2.50%

Percentage strengthened against US Dollar

6.00%

Number of countries in which entity operates

Number of countries in which products are sold

165

[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Net Revenues, Cash, Net Monetary and Net Assets of Company's Venezuelan Subsidiaries (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Segment Information [Line Items]

$ 7,661

$ 8,436

^[1]

$ 15,423

$ 17,077

^[1]

Venezuela

Segment Information [Line Items]

Percentage of consolidated net revenues

300

519

3.90%

3.40%

Venezuela | SICAD

Segment Information [Line Items]

Cash

388

Net monetary assets

312

Net assets

$ 564

[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Restructuring Cost and Reserve [Line Items]

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)	0 Months Ended	6 Months Ended			6 Months Ended	0 Months Ended	6 Months Ended	3 Months Ended				6 Months Ended		3 Months Ended		6 Months Ended		0 Months Ended		6 Months Ended		3 Months Ended	0 Months Ended	3 Months Ended		9 Months Ended	12 Months Ended		3 Months Ended	6 Months Ended	0 Months Ended			0 Months Ended					0 Months Ended			1 Months Ended		0 Months Ended			14 Months Ended
	Feb. 16, 2015 USD ($)	Jun. 30, 2015 USD ($)	Feb. 16, 2015 USD ($)	Nov. 10, 2014 USD ($)	Jun. 30, 2015 Product Concentration Risk Net Revenues Snacks	Feb. 16, 2015 Enjoy Life Foods USD ($)	Jun. 30, 2015 Enjoy Life Foods USD ($)	Sep. 30, 2016 Vietnam Scenario, Forecast USD ($)	Sep. 30, 2016 Vietnam Scenario, Forecast VND	Mar. 31, 2015 Selling, general and administrative expenses Europe And EEMEA segments USD ($)	Mar. 31, 2014 Selling, general and administrative expenses Europe And EEMEA segments USD ($)	Jun. 30, 2015 Selling, general and administrative expenses Europe And EEMEA segments USD ($)	Jun. 30, 2014 Selling, general and administrative expenses Europe And EEMEA segments USD ($)	Jun. 30, 2015 Coffee Business USD ($)	Jun. 30, 2014 Coffee Business USD ($)	Jun. 30, 2015 Coffee Business USD ($)	Jun. 30, 2014 Coffee Business USD ($)	Apr. 23, 2015 Japanese Coffee Joint Venture USD ($)	Apr. 23, 2015 Japanese Coffee Joint Venture JPY (¥)	Jun. 30, 2015 Japanese Coffee Joint Venture USD ($)	Jun. 30, 2015 Foreign Exchange Forward USD ($)	Jun. 30, 2015 Foreign Exchange Forward Interest and other expense, net USD ($)	Apr. 17, 2015 Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)	Jun. 30, 2015 Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)	Mar. 31, 2015 Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)	Feb. 11, 2015 Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)	Dec. 31, 2014 Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)	May 31, 2014 Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)	Jun. 30, 2015 Derivatives Designated as Hedging Instruments Foreign Exchange Forward Interest and other expense, net USD ($)	Jun. 30, 2015 Derivatives Designated as Hedging Instruments Foreign Exchange Forward Interest and other expense, net USD ($)	Jul. 15, 2015 Subsequent Event Vietnam USD ($)	Jul. 15, 2015 Subsequent Event Vietnam VND	Jul. 15, 2015 Subsequent Event Vietnam USD ($)	Jul. 15, 2015 Subsequent Event Vietnam Non-compete and Continued Consulting Agreements USD ($)	Jul. 15, 2015 Subsequent Event Vietnam Non-compete and Continued Consulting Agreements VND	Jul. 15, 2015 Subsequent Event Vietnam Maximum USD ($)	Jul. 15, 2015 Subsequent Event Vietnam Maximum VND	Jul. 02, 2015 Subsequent Event Acorn Holdings B.V.	Jul. 02, 2015 Subsequent Event Coffee Business USD ($)	Jul. 02, 2015 Subsequent Event Coffee Business EUR (€)	Jul. 02, 2015 Subsequent Event Coffee Business USD ($)	Jul. 31, 2015 Subsequent Event Foreign Exchange Forward USD ($)	Jul. 02, 2015 Subsequent Event Jacobs Douwe Egberts	Jul. 06, 2015 Subsequent Event Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)	Jul. 02, 2015 Subsequent Event Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)	Jul. 02, 2015 Subsequent Event Derivatives Designated as Hedging Instruments Foreign Exchange Forward EUR (€)	Jul. 06, 2015 Subsequent Event Derivatives Designated as Hedging Instruments Foreign Exchange Forward USD ($)
Acquisition And Dispositions [Line Items]
Proceeds from divestiture of businesses																																							$ 4,200,000,000	€ 3,800,000,000
Equity method investment, ownership percentage																																											43.50%
Divestiture of business, receivable																																									275,000,000
Cash received related to reimbursement of costs expected to incur or have incurred related to separating the business																																							76,000,000
Percentage of equity interest acquired by other parties																																						56.50%
Concentration risk, percentage					85.00%
Notional Amount																					1,600,000,000							5,000,000,000
Gain (loss) on monetization of planned coffee business divestiture currency hedges		607,000,000												(144,000,000)	7,000,000	407,000,000	7,000,000						296,000,000	56,000,000	311,000,000	939,000,000	628,000,000															17,000,000		202,000,000
Unrealized loss on planned coffee business divestiture currency hedges		(200,000,000)																				21,000,000							221,000,000	221,000,000
Proceeds from planned coffee business divestiture currency hedge settlements		1,235,000,000																																										1,000,000,000	4,200,000,000	3,800,000,000	5,200,000,000
Expenses related to readying businesses for planned transactions										157,000,000	5,000,000	185,000,000	5,000,000
Cash paid for acquisition																															543,000,000	11,843,000,000,000
Percentage of equity interest acquired																																	80.00%
Escrow Deposit				46,000,000				90,000,000																									44,000,000
Cash paid for acquisition							81,000,000																													418,000,000	9,122,000,000,000
Partial payment for the non-compete and continued consulting agreements								35,000,000	759,000,000,000																									35,000,000	759,000,000,000
Remaining interest in biscuit operation to be acquired								20.00%	20.00%
Sale of stock, percentage of ownership before transaction																		50.00%	50.00%
Held for sale investment reclassified from long-term other assets																				99,000,000
Pre-tax gain on divestiture of joint venture																				13,000,000
After-tax loss on divestiture of joint venture																				9,000,000
Goodwill held for sale														1,672,000,000		1,672,000,000				65,000,000
Divested cumulative translation losses in connection with the sale																				41,000,000
Proceeds from divestiture of interest																		225,000,000	27,000,000,000
Amount of expenses associated with business disposal																				7,000,000
Business combination, consideration transferred						81,000,000
Intangible assets acquired			58,000,000				58,000,000
Other net assets acquired							3,000,000
Goodwill, Acquisition	$ 20,000,000	$ 20,000,000					$ 20,000,000

Pre-tax earnings of Coffee Businesses (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Significant Acquisitions and Disposals [Line Items]
Earnings before income taxes	$ 527	$ 733	$ 952	$ 856
Coffee Business
Significant Acquisitions and Disposals [Line Items]
Earnings before income taxes	$ 212	$ 151	$ 342	$ 310

Major Classes of Held for Sale Assets and Liabilities (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015
Assets
Cash and cash equivalents	$ (442)
Other Current Assets
Assets
Assets held for sale	1,459
Other Noncurrent Assets
Assets
Assets held for sale	2,439
Other Current Liabilities
Liabilities
Liabilities held for sale	823
Other Noncurrent Liabilities
Liabilities
Liabilities held for sale	211
Coffee Business
Assets
Cash and cash equivalents	442
Trade receivables	471
Other receivables	26
Inventories, net	473
Deferred income taxes	5
Other current assets	42
Property, plant and equipment, net	755
Goodwill	1,672
Intangible assets, net	0
Other assets	12
Assets held for sale	3,898
Liabilities
Accounts payable	439
Accrued marketing	292
Accrued employment costs	29
Other current liabilities	63
Deferred income taxes	28
Accrued pension costs	179
Other liabilities	4
Liabilities held for sale	(1,034)
Net assets held for sale	2,864
Coffee Business \| Other Current Assets
Assets
Assets held for sale	1,459
Coffee Business \| Other Noncurrent Assets
Assets
Assets held for sale	2,439
Coffee Business \| Other Current Liabilities
Liabilities
Liabilities held for sale	823
Coffee Business \| Other Noncurrent Liabilities
Liabilities
Liabilities held for sale	$ 211

Components of Inventories (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Inventory [Line Items]
Raw materials	$ 1,008	$ 1,122
Finished product	1,992	2,358
Inventories, net	$ 3,000	$ 3,480

Property, Plant and Equipment (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,884	$ 16,912
Accumulated depreciation	(6,156)	(7,085)
Property, plant and equipment, net	8,728	9,827
Land and Land Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	520	574
Buildings and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,743	3,117
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,143	11,737
Construction in Progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,478	$ 1,484

Property, Plant and Equipment - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Asset impairment charges			$ 138	$ 27
2012-2014 Restructuring Program and 2014-2018 Restructuring Program
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 57	$ 14	$ 135	$ 26

Summary of Asset Impairment and Exit Costs (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges			$ 138	$ 27
2012-2014 Restructuring Program and 2014-2018 Restructuring Program
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	57	14	135	26
2012-2014 Restructuring Program and 2014-2018 Restructuring Program \| Latin America Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	21		34
2012-2014 Restructuring Program and 2014-2018 Restructuring Program \| Asia Pacific Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	9		28
2012-2014 Restructuring Program and 2014-2018 Restructuring Program \| EEMEA Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	2	1	2	1
2012-2014 Restructuring Program and 2014-2018 Restructuring Program \| Europe Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	12		37	1
2012-2014 Restructuring Program and 2014-2018 Restructuring Program \| North America Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	$ 13	$ 13	$ 34	$ 24

Goodwill by Reportable Segment (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Goodwill	$ 21,055	$ 23,389
Latin America Segment
Segment Reporting Information [Line Items]
Goodwill	1,010	1,127
Asia Pacific Segment
Segment Reporting Information [Line Items]
Goodwill	2,189	2,395
EEMEA Segment
Segment Reporting Information [Line Items]
Goodwill	1,456	1,942
Europe Segment
Segment Reporting Information [Line Items]
Goodwill	7,463	8,952
North America Segment
Segment Reporting Information [Line Items]
Goodwill	$ 8,937	$ 8,973

Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Intangible Assets [Line Items]
Non-amortizable intangible assets	$ 18,272	$ 18,810
Amortizable intangible assets	2,460	2,525
Total intangible assets, gross	20,732	21,335
Accumulated amortization	(1,055)	(1,000)
Intangible assets, net	$ 19,677	$ 20,335

Goodwill and Intangible Assets - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended				12 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014 Brand	Dec. 31, 2014 Fair Value Over Book Value 10% or Less	Dec. 31, 2014 Asia Pacific and Europe	Jun. 30, 2015 Weighted Average
Goodwill and Intangible Assets Disclosure [Line Items]
Life of our amortizable intangible assets (in years)								13 years 6 months
Amortization expense for intangible assets	$ 46	$ 55	$ 92	$ 109
Estimated amortization expense in year 1	193		193
Estimated amortization expense in year 2	193		193
Estimated amortization expense in year 3	193		193
Estimated amortization expense in year 4	193		193
Estimated amortization expense in year 5	193		193
Number of brands					3
Intangible asset, aggregate book value	18,272		18,272		18,810	341
Asset impairment charges on intangible assets							$ 57

Changes in Goodwill and Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified	0 Months Ended		6 Months Ended	0 Months Ended	6 Months Ended
	Apr. 23, 2015	Feb. 16, 2015	Jun. 30, 2015	Jun. 30, 2015 Coffee Business	Jun. 30, 2015 Coffee Business
Goodwill And Intangible Assets [Line Items]
Goodwill beginning balance			$ 23,389
Goodwill, Currency			(616)
Goodwill, Held for sale due to coffee business transactions				(1,672)	(1,672)
Goodwill, Divestiture	(65)		(65)
Goodwill, Acquisition		20	20
Goodwill, Other			(1)
Goodwill ending balance			21,055
Intangible Assets, at Cost beginning balance			21,335
Intangible Assets, Currency			(659)
Intangible Assets, Divestiture			0
Intangible Assets, Acquisition			58
Intangible Assets, Other			(2)
Intangible Assets, at Cost ending balance			$ 20,732

Changes in Goodwill and Intangible Assets (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	0 Months Ended		6 Months Ended			0 Months Ended	6 Months Ended	0 Months Ended
	Apr. 23, 2015	Feb. 16, 2015	Jun. 30, 2015	Apr. 23, 2015	Feb. 16, 2015	Jun. 30, 2015 Coffee Business	Jun. 30, 2015 Coffee Business	Jun. 30, 2015 Maximum Coffee Business
Goodwill And Intangible Assets [Line Items]
Goodwill, Held for sale due to coffee business transactions						$ 1,672	$ 1,672
Intangible Assets, Held for sale due to coffee business transactions								1
Goodwill, Divestiture	65		65
Percentage of Divestiture				50.00%
Goodwill, Acquisition		20	20
Acquisition					$ 58

Restructuring Programs - Additional Information (Detail) (USD $)

6 Months Ended

3 Months Ended

6 Months Ended

14 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

36 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

2014-2018 Restructuring Program

Jun. 30, 2014

2014-2018 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Jun. 30, 2014

2014-2018 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Dec. 31, 2014

2014-2018 Restructuring Program

May 06, 2014

2014-2018 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Selling, general and administrative expenses

Jun. 30, 2014

2014-2018 Restructuring Program

Selling, general and administrative expenses

Jun. 30, 2015

2014-2018 Restructuring Program

Selling, general and administrative expenses

Jun. 30, 2014

2014-2018 Restructuring Program

Selling, general and administrative expenses

Jun. 30, 2015

2014-2018 Restructuring Program

Other Current Liabilities

Jun. 30, 2015

2014-2018 Restructuring Program

Other Long Term Liabilities

May 06, 2014

2014-2018 Restructuring Program

Maximum

Scenario, Forecast

May 06, 2014

2014-2018 Restructuring Program

Cash Expense

May 06, 2014

2014-2018 Restructuring Program

Non Cash Expense

Jun. 30, 2015

2012-2014 Restructuring Program

Jun. 30, 2014

2012-2014 Restructuring Program

Jun. 30, 2015

2012-2014 Restructuring Program

Jun. 30, 2014

2012-2014 Restructuring Program

Dec. 31, 2012

2012-2014 Restructuring Program

Dec. 31, 2014

2012-2014 Restructuring Program

Jun. 30, 2014

2012-2014 Restructuring Program

Selling, general and administrative expenses

Jun. 30, 2014

2012-2014 Restructuring Program

Selling, general and administrative expenses

Jun. 30, 2015

2012-2014 Restructuring Program

Other Current Liabilities

Jun. 30, 2015

2012-2014 Restructuring Program

Other Long Term Liabilities

Approved restructuring program cost

$ 3,500,000,000

$ 2,500,000,000

$ 1,000,000,000

$ 925,000,000

Approved restructuring program cost related to capital expenditure

790,000,000

724,000,000

2,200,000,000

Restructuring and related cost, cost incurred

182,000,000

10,000,000

406,000,000

10,000,000

787,000,000

^[1]

73,000,000

139,000,000

899,000,000

^[2]

Restructuring charges

135,000,000

1,000,000

297,000,000

1,000,000

571,000,000

^[1]

54,000,000

96,000,000

729,000,000

^[2]

Cash spent

66,000,000

1,000,000

105,000,000

1,000,000

24,000,000

38,000,000

43,000,000

66,000,000

Non-cash asset write-downs

62,000,000

140,000,000

11,000,000

(1,000,000)

24,000,000

Restructuring reserve

267,000,000

224,000,000

237,000,000

30,000,000

77,000,000

128,000,000

63,000,000

14,000,000

Implementation costs

47,000,000

9,000,000

109,000,000

9,000,000

216,000,000

^[1]

47,000,000

9,000,000

109,000,000

9,000,000

19,000,000

43,000,000

170,000,000

^[2]

19,000,000

43,000,000

Restructuring and related activities, authorized amount

1,500,000,000

Restructuring and related cost, cost incurred

899,000,000

Reversal to restructuring charges

$ 1,000,000

$ 3,000,000

[1]	Includes all charges recorded since program inception on May 6, 2014 through June 30, 2015.
[2]	Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.

Schedule of Restructuring Costs (Detail) (USD $)

3 Months Ended

6 Months Ended

14 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

36 Months Ended

6 Months Ended

Jun. 30, 2015

2014-2018 Restructuring Program

Jun. 30, 2014

2014-2018 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Jun. 30, 2014

2014-2018 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Severance and Related Costs

Jun. 30, 2015

2014-2018 Restructuring Program

Severance and Related Costs

Jun. 30, 2015

2014-2018 Restructuring Program

Asset Write-Downs

Jun. 30, 2015

2012-2014 Restructuring Program

Jun. 30, 2014

2012-2014 Restructuring Program

Jun. 30, 2015

2012-2014 Restructuring Program

Jun. 30, 2014

2012-2014 Restructuring Program

Dec. 31, 2014

2012-2014 Restructuring Program

Jun. 30, 2015

2012-2014 Restructuring Program

Severance and Related Costs

Jun. 30, 2015

2012-2014 Restructuring Program

Asset Write-Downs

Dec. 31, 2014

2012-2014 Restructuring Program

Asset Write-Downs

Restructuring Cost and Reserve [Line Items]

Balance at beginning of period

$ 224,000,000

$ 128,000,000

$ 0

Charges

135,000,000

1,000,000

297,000,000

1,000,000

571,000,000

^[1]

163,000,000

134,000,000

54,000,000

96,000,000

729,000,000

^[2]

Reversal to restructuring charges

(1,000,000)

(3,000,000)

Cash spent

(66,000,000)

(1,000,000)

(105,000,000)

(1,000,000)

(105,000,000)

(24,000,000)

(38,000,000)

(43,000,000)

(66,000,000)

(43,000,000)

Non-cash settlements / adjustments

(62,000,000)

(140,000,000)

(6,000,000)

(134,000,000)

(11,000,000)

1,000,000

(24,000,000)

1,000,000

Currency

(9,000,000)

(6,000,000)

Balance at end of period

$ 267,000,000

$ 77,000,000

$ 128,000,000

$ 77,000,000

$ 0

[1]	Includes all charges recorded since program inception on May 6, 2014 through June 30, 2015.
[2]	Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.

Restructuring Cost and Reserve [Line Items]

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

6 Months Ended

36 Months Ended

3 Months Ended

6 Months Ended

14 Months Ended

3 Months Ended

6 Months Ended

36 Months Ended

3 Months Ended

6 Months Ended

36 Months Ended

3 Months Ended

6 Months Ended

36 Months Ended

3 Months Ended

6 Months Ended

36 Months Ended

3 Months Ended

6 Months Ended

36 Months Ended

3 Months Ended

6 Months Ended

14 Months Ended

3 Months Ended

6 Months Ended

14 Months Ended

3 Months Ended

6 Months Ended

14 Months Ended

3 Months Ended

6 Months Ended

14 Months Ended

3 Months Ended

6 Months Ended

14 Months Ended

3 Months Ended

6 Months Ended

36 Months Ended

3 Months Ended

6 Months Ended

14 Months Ended

Jun. 30, 2014

2012-2014 Restructuring Program

Jun. 30, 2014

2012-2014 Restructuring Program

Dec. 31, 2014

2012-2014 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Jun. 30, 2014

2014-2018 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Jun. 30, 2014

2014-2018 Restructuring Program

Jun. 30, 2015

2014-2018 Restructuring Program

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

Latin America Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

Latin America Segment

Dec. 31, 2014

Operating Segments

2012-2014 Restructuring Program

Latin America Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

Asia Pacific Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

Asia Pacific Segment

Dec. 31, 2014

Operating Segments

2012-2014 Restructuring Program

Asia Pacific Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

EEMEA Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

EEMEA Segment

Dec. 31, 2014

Operating Segments

2012-2014 Restructuring Program

EEMEA Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

Europe Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

Europe Segment

Dec. 31, 2014

Operating Segments

2012-2014 Restructuring Program

Europe Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

North America Segment

Jun. 30, 2014

Operating Segments

2012-2014 Restructuring Program

North America Segment

Dec. 31, 2014

Operating Segments

2012-2014 Restructuring Program

North America Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Latin America Segment

Jun. 30, 2014

Operating Segments

2014-2018 Restructuring Program

Latin America Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Latin America Segment

Jun. 30, 2014

Operating Segments

2014-2018 Restructuring Program

Latin America Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Latin America Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Asia Pacific Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Asia Pacific Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Asia Pacific Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

EEMEA Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

EEMEA Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

EEMEA Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Europe Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Europe Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

Europe Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

North America Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

North America Segment

Jun. 30, 2015

Operating Segments

2014-2018 Restructuring Program

North America Segment

Jun. 30, 2014

Corporate

2012-2014 Restructuring Program

Jun. 30, 2014

Corporate

2012-2014 Restructuring Program

Dec. 31, 2014

Corporate

2012-2014 Restructuring Program

Jun. 30, 2015

Corporate

2014-2018 Restructuring Program

Jun. 30, 2014

Corporate

2014-2018 Restructuring Program

Jun. 30, 2015

Corporate

2014-2018 Restructuring Program

Jun. 30, 2014

Corporate

2014-2018 Restructuring Program

Jun. 30, 2015

Corporate

2014-2018 Restructuring Program

Restructuring Costs

$ 54

$ 96

$ 729

^[1]

$ 135

$ 1

$ 297

$ 1

$ 571

^[2]

$ 3

$ 4

$ 36

^[1]

$ 1

$ 36

^[1]

$ 8

$ 12

$ 69

^[1]

$ 26

$ 43

$ 249

^[1]

$ 16

$ 36

$ 337

^[1]

$ 32

$ 1

$ 47

$ 1

$ 128

^[2]

$ 18

$ 45

$ 61

^[2]

$ 11

$ 14

$ 33

^[2]

$ 48

$ 157

$ 248

^[2]

$ 19

$ 28

$ 85

^[2]

$ 2

^[1],[3]

$ 7

^[3]

$ 6

^[3]

$ 16

^[2],[3]

Implementation costs

170

^[1]

109

216

^[2]

^[1]

^[2]

(2)

^[3]

(1)

^[3]

^[1],[3]

^[3]

^[2],[3]

Total

$ 73

$ 139

$ 899

^[1]

$ 182

$ 10

$ 406

$ 10

$ 787

^[2]

$ 4

$ 5

$ 39

^[1]

$ 1

$ 42

^[1]

$ 9

$ 14

$ 73

^[1]

$ 39

$ 71

$ 337

^[1]

$ 22

$ 49

$ 402

^[1]

$ 46

$ 2

$ 70

$ 2

$ 167

^[2]

$ 25

$ 54

$ 79

^[2]

$ 14

$ 20

$ 43

^[2]

$ 54

$ 183

$ 311

^[2]

$ 32

$ 52

$ 114

^[2]

$ (2)

^[3]

$ (1)

^[3]

$ 6

^[1],[3]

$ 11

^[3]

$ 8

^[3]

$ 27

^[3]

$ 8

^[3]

$ 73

^[2],[3]

[1]	Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.
[2]	Includes all charges recorded since program inception on May 6, 2014 through June 30, 2015.
[3]	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

Short-Term Borrowings and Related Weighted-Average Interest Rates (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Short-term Debt [Line Items]
Amount outstanding	$ 4,483	$ 1,305
Commercial Paper
Short-term Debt [Line Items]
Amount outstanding	4,211	1,101
Weighted-average rate	0.50%	0.40%
Bank Loans
Short-term Debt [Line Items]
Amount outstanding	$ 272	$ 204
Weighted-average rate	10.10%	8.80%

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)	0 Months Ended		6 Months Ended										0 Months Ended				6 Months Ended	0 Months Ended	6 Months Ended	3 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		0 Months Ended	1 Months Ended			0 Months Ended			0 Months Ended			0 Months Ended			0 Months Ended			0 Months Ended			0 Months Ended			0 Months Ended			6 Months Ended
Debt - Additional Information (Detail)	Mar. 30, 2015 USD ($)	Mar. 06, 2015 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2015 USD ($)	Mar. 30, 2015 USD ($)	Mar. 20, 2015 USD ($)	Mar. 06, 2015 USD ($)	Mar. 06, 2015 EUR (€)	Mar. 06, 2015 GBP (£)	Dec. 31, 2014 USD ($)	Dec. 31, 2013	Mar. 20, 2015 6.250% Senior Notes EUR (€)	Mar. 20, 2015 6.250% Senior Notes	Jun. 30, 2015 International Subsidiaries USD ($)	Dec. 31, 2014 International Subsidiaries USD ($)	Jun. 30, 2015 Revolving Credit Facility, October 11, 2018 USD ($)	Jun. 11, 2015 Revolving Credit Facility, July 31, 2015	Jun. 30, 2015 Revolving Credit Facility, July 31, 2015 USD ($)	Mar. 31, 2015 Tender Offer USD ($)	Mar. 20, 2015 Tender Offer 6.500% Notes due in August 2017	Mar. 20, 2015 Tender Offer 6.500% Notes due in August 2017 USD ($)	Mar. 20, 2015 Tender Offer 6.125% Notes due in February 2018	Mar. 20, 2015 Tender Offer 6.125% Notes due in February 2018 USD ($)	Mar. 20, 2015 Tender Offer 6.125% Notes due in August 2018	Mar. 20, 2015 Tender Offer 6.125% Notes due in August 2018 USD ($)	Mar. 20, 2015 Tender Offer 5.375% Notes due in February 2020	Mar. 20, 2015 Tender Offer 5.375% Notes due in February 2020 USD ($)	Mar. 20, 2015 Tender Offer 6.500% Notes due in November 2031	Mar. 20, 2015 Tender Offer 6.500% Notes due in November 2031 USD ($)	Mar. 20, 2015 Tender Offer 7.000% Notes due in August 2037	Mar. 20, 2015 Tender Offer 7.000% Notes due in August 2037 USD ($)	Mar. 20, 2015 Tender Offer 6.875% Notes due in February 2038	Mar. 20, 2015 Tender Offer 6.875% Notes due in February 2038 USD ($)	Mar. 20, 2015 Tender Offer 6.875% Notes due in 2039	Mar. 20, 2015 Tender Offer 6.875% Notes due in 2039 USD ($)	Mar. 20, 2015 Tender Offer 6.500% Notes due in February 2040	Mar. 20, 2015 Tender Offer 6.500% Notes due in February 2040 USD ($)	Mar. 20, 2015 Tender Offer Cash Flow Hedges Interest rate contracts USD ($)	Jun. 30, 2015 Euro Notes EUR (€)	Mar. 31, 2015 Franc Notes USD ($)	Mar. 30, 2015 Franc Notes CHF	Mar. 30, 2015 0.000% Fixed Rate Notes	Mar. 30, 2015 0.000% Fixed Rate Notes USD ($)	Mar. 30, 2015 0.000% Fixed Rate Notes CHF	Mar. 30, 2015 0.625% Fixed Rate Notes	Mar. 30, 2015 0.625% Fixed Rate Notes USD ($)	Mar. 30, 2015 0.625% Fixed Rate Notes CHF	Mar. 30, 2015 1.125% Fixed Rate Notes	Mar. 30, 2015 1.125% Fixed Rate Notes USD ($)	Mar. 30, 2015 1.125% Fixed Rate Notes CHF	Mar. 06, 2015 1.000% Fixed rate notes, due March 7, 2022	Mar. 06, 2015 1.000% Fixed rate notes, due March 7, 2022 USD ($)	Mar. 06, 2015 1.000% Fixed rate notes, due March 7, 2022 EUR (€)	Mar. 06, 2015 1.625% Fixed rate notes due , March 8, 2027	Mar. 06, 2015 1.625% Fixed rate notes due , March 8, 2027 USD ($)	Mar. 06, 2015 1.625% Fixed rate notes due , March 8, 2027 EUR (€)	Mar. 06, 2015 2.375% Fixed rate notes, due March 6, 2035	Mar. 06, 2015 2.375% Fixed rate notes, due March 6, 2035 USD ($)	Mar. 06, 2015 2.375% Fixed rate notes, due March 6, 2035 EUR (€)	Mar. 06, 2015 3.875% Fixed rate notes, due March 6, 2045	Mar. 06, 2015 3.875% Fixed rate notes, due March 6, 2045 USD ($)	Mar. 06, 2015 3.875% Fixed rate notes, due March 6, 2045 EUR (€)	Jun. 30, 2015 Commercial Paper Minimum	Jun. 30, 2015 Commercial Paper Maximum	Jun. 11, 2015 Senior Unsecured Short-term Debt Revolving Credit Facility, July 31, 2015 USD ($)
Debt Instrument [Line Items]
Commercial paper, Maturity period																																																																1 day	90 days
Revolving credit facility, maximum borrowing capacity															$ 2,000,000,000	$ 2,100,000,000	$ 4,500,000,000																																																	$ 500,000,000
Revolving credit facility expiration date																	Oct. 11, 2018	Jul. 31, 2015
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.		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 June 30, 2015, we complied with the covenant		At June 30, 2015, we complied with the covenant
Total shareholders' equity, excluding accumulated other comprehensive earnings / (losses)																	33,300,000,000		33,300,000,000
Line of credit facility outstanding amount															272,000,000	204,000,000	0		0
Revolving credit facility debt covenant			24,600,000,000
Repayment of debt			4,539,000,000	2,516,000,000									850,000,000																											400,000,000
Debt instrument, principal amount					2,800,000,000			2,800,000,000	2,000,000,000	450,000,000																															694,000,000	675,000,000		180,000,000	175,000,000		308,000,000	300,000,000		206,000,000	200,000,000		537,000,000	500,000,000		805,000,000	750,000,000		805,000,000	750,000,000		667,000,000	450,000,000
Debt instrument, fixed interest rate																																												0.00%	0.00%		0.625%	0.625%		1.125%	1.125%		1.00%	1.00%		1.625%	1.625%		2.375%	2.375%		3.875%	3.875%
Deb instrument maturity Year																																											Mar. 30, 2017			Dec. 30, 2021			Dec. 30, 2025			Mar. 07, 2022			Mar. 08, 2027			Mar. 06, 2035			Mar. 06, 2045
Net proceeds from issuance of notes	675,000,000	2,890,000,000
Discounts and deferred financing costs						2,000,000		29,000,000
Debt instrument interest rate														6.25%								6.50%		6.125%		6.125%		5.375%		6.50%		7.00%		6.875%		6.875%		6.50%
Cash tender offer amount							2,500,000,000
Debt instrument repurchased, principal amount																						102,000,000		115,000,000		80,000,000		691,000,000		201,000,000		26,000,000		71,000,000		69,000,000		1,143,000,000
Debt instrument expiration																					2017-08		2018-02		2018-08		2020-02		2031-11		2037-08		2038-02		2039-01		2040-02
Loss on extinguishment of debt			(708,000,000)	(493,000,000)																(708,000,000)
Interest expense																																							5,000,000
Weighted-average interest rate			3.10%								4.30%	4.80%
Fair value of total debt			19,858,000,000								18,463,000,000
Carrying value of total debt			$ 19,337,000,000								$ 16,700,000,000

Interest and Other Expense Net Within Results of Continuing Operations (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Debt Instrument [Line Items]
Interest expense, debt	$ 147	$ 192	$ 322	$ 394
Loss on debt extinguishment and related expenses		1	713	495
Net loss / (gain) on coffee business divestiture currency hedges			(607)
Loss related to interest rate swaps			34
Other expense, net	23	38	38	62
Total interest and other expense, net	314	224	700	944
Coffee Business
Debt Instrument [Line Items]
Net loss / (gain) on coffee business divestiture currency hedges	$ 144	$ (7)	$ (407)	$ (7)

Fair Value of Derivative Instruments (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 311	$ 978
Liability Derivatives	471	349
Derivatives Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	87	94
Liability Derivatives	119	92
Derivatives Designated as Hedging Instruments \| Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	25	69
Liability Derivatives	26	17
Derivatives Designated as Hedging Instruments \| Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	43	12
Liability Derivatives	85	33
Derivatives Designated as Hedging Instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	19	13
Liability Derivatives	8	42
Derivatives Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	224	884
Liability Derivatives	352	257
Derivatives Not Designated as Hedging Instruments \| Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	66	735
Liability Derivatives	247	24
Derivatives Not Designated as Hedging Instruments \| Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	107	90
Liability Derivatives	72	194
Derivatives Not Designated as Hedging Instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	51	59
Liability Derivatives	$ 33	$ 39

Derivative Instruments Fair Value and Measurement Inputs (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative fair value net asset (liability)	$ (160)	$ 629
Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(182)	763
Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(7)	(125)
Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	29	(9)
Quoted Prices In Active Markets For Identical Assets (Level 1)
Derivative [Line Items]
Derivative fair value net asset (liability)	(10)	(49)
Quoted Prices In Active Markets For Identical Assets (Level 1) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(10)	(49)
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Derivative fair value net asset (liability)	(150)	678
Significant Other Observable Inputs (Level 2) \| Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(182)	763
Significant Other Observable Inputs (Level 2) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	3	(76)
Significant Other Observable Inputs (Level 2) \| Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 29	$ (9)

Financial Instruments - Additional Information (Detail)	6 Months Ended			3 Months Ended	6 Months Ended			6 Months Ended				3 Months Ended		3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended
Financial Instruments - Additional Information (Detail)	Jun. 30, 2015 USD ($)	Jun. 30, 2015 Interest rate contracts USD ($)	Dec. 31, 2014 Interest rate contracts USD ($)	Mar. 31, 2015 Interest rate contracts Cash Flow Hedges USD ($)	Jun. 30, 2015 Interest rate contracts Cash Flow Hedges Maximum USD ($)	Jun. 30, 2015 Commodity contracts USD ($)	Dec. 31, 2014 Commodity contracts USD ($)	Jun. 30, 2015 Commodity contracts Cash Flow Hedges USD ($)	Jun. 30, 2015 Currency exchange contracts	Jun. 30, 2015 Currency exchange contracts Cash Flow Hedges USD ($)	Jun. 30, 2015 Foreign Exchange Forward USD ($)	Jun. 30, 2015 Foreign Exchange Forward Interest and other expense, net USD ($)	Jun. 30, 2015 Foreign Exchange Forward Economic Hedging EUR (€)	Jun. 30, 2015 Foreign Exchange Forward Relate to a business divestiture pending Economic Hedging Interest and other expense, net USD ($)	Jun. 30, 2015 Foreign Exchange Forward Relate to a business divestiture pending Economic Hedging Interest and other expense, net USD ($)	Jun. 30, 2015 Foreign Exchange Forward Related to cash proceeds distribution Economic Hedging Interest and other expense, net USD ($)	Jun. 30, 2015 Foreign Exchange Forward Related to cash proceeds distribution Economic Hedging Interest and other expense, net USD ($)	Dec. 31, 2014 Quoted Prices In Active Markets For Identical Assets (Level 1) USD ($)	Jun. 30, 2015 Quoted Prices In Active Markets For Identical Assets (Level 1) Exchange Traded Options USD ($)	Dec. 31, 2014 Quoted Prices In Active Markets For Identical Assets (Level 1) Exchange Traded Options USD ($)	Jun. 30, 2015 Quoted Prices In Active Markets For Identical Assets (Level 1) Exchange Traded Options Other Current Assets USD ($)	Dec. 31, 2014 Quoted Prices In Active Markets For Identical Assets (Level 1) Exchange Traded Options Other Current Assets USD ($)	Jun. 30, 2015 Significant Other Observable Inputs (Level 2) USD ($)	Dec. 31, 2014 Significant Other Observable Inputs (Level 2) USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Margin deposits related to exchange traded derivatives																					$ 57,000,000	$ 84,000,000
Derivative assets after effects of netting																			48,000,000	38,000,000			73,000,000	72,000,000
Derivative liabilities after effects of netting																		3,000,000					53,000,000	156,000,000
Loss related to interest rate swaps	(34,000,000)			(34,000,000)
Expected transfers of unrealized gains (losses) to earnings, within next 12 months					(1,000,000)			(37,000,000)		(7,000,000)
Hedged forecasted transactions		30 years 8 months				18 months			18 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	(200,000,000)											21,000,000		(165,000,000)	386,000,000	21,000,000	21,000,000
Notional Amount		$ 3,078,000,000	$ 3,970,000,000			$ 2,903,000,000	$ 1,569,000,000				$ 1,600,000,000		€ 1,600,000,000

Notional Values of Derivative Instruments (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2015	Dec. 31, 2014
Net Investment Hedging \| Euro Notes
Derivative [Line Items]
Notional Amount	$ 4,459	$ 3,932
Net Investment Hedging \| Pound Sterling Notes
Derivative [Line Items]
Notional Amount	1,257	545
Net Investment Hedging \| Franc Notes
Derivative [Line Items]
Notional Amount	722
Currency exchange contracts \| Intercompany Loans And Forecasted Interest Payments
Derivative [Line Items]
Notional Amount	5,680	3,640
Currency exchange contracts \| Forecasted transactions
Derivative [Line Items]
Notional Amount	7,762	6,681
Commodity contracts
Derivative [Line Items]
Notional Amount	2,903	1,569
Interest rate contracts
Derivative [Line Items]
Notional Amount	$ 3,078	$ 3,970

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		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated gain / (loss) at beginning of period	$ (46)	$ 82	$ (2)	$ 117
Transfer of realized losses / (gains) in fair value to earnings	(36)	(2)	(54)	(3)
Unrealized gain / (loss) in fair value	29	(36)	3	(70)
Accumulated gain / (loss) at end of period	$ (53)	$ 44	$ (53)	$ 44

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		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	$ 36	$ 2	$ 54	$ 3
Gains / (losses) recognized in OCI	29	(36)	3	(70)
Currency exchange contracts \| Forecasted transactions
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	38	(2)	84	(4)
Gains / (losses) recognized in OCI	(24)	5	25	7
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	(2)	4	(4)	9
Gains / (losses) recognized in OCI	15	(8)	(23)	3
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings			(26)	(2)
Gains / (losses) recognized in OCI	$ 38	$ (33)	$ 1	$ (80)

Fair Value Hedges (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (loss) recognized in income on fair value of hedges	$ 14	$ 4	$ 14
Long-term Debt
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (loss) recognized in income on fair value of hedges	$ (14)	$ (4)	$ (14)

Economic Hedges (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings			$ 607
Derivatives Not Designated as Hedging Instruments \| Economic Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	(176)	(43)	330	(23)
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Interest rate contracts \| Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	(1)	1		1
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Commodity contracts \| Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	(18)	(6)	(59)	32
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Forecasted transactions \| Currency exchange contracts \| Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	(7)	(30)	(10)	(40)
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Forecasted transactions \| Currency exchange contracts \| Interest and other expense/(income)
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	(152)	(9)	401	(14)
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Forecasted transactions \| Currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	(5)	(2)	(16)	(3)
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Forecasted Interest Payments \| Intercompany loans \| Currency exchange contracts \| Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	$ 7	$ 3	$ 14	$ 1

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		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Euro Notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	$ (118)	$ 5	$ 196
Pound Sterling Notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	(45)	(19)	(13)	(23)
Franc Notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	$ (17)		$ (30)

Benefit Plans - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2015
Coffee Business
Defined Benefit Plan Disclosure [Line Items]
Benefit plan liabilities held for sale	$ 179
Deferred tax assets transferred	5
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution	207
Estimated future employer contributions for remainder of the year	3
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution	164
Estimated future employer contributions for remainder of the year	154
Non-U.S. Pension Plans \| Coffee Business
Defined Benefit Plan Disclosure [Line Items]
Deferred tax assets transferred	$ 29

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

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

U.S. Pension Plans

Service cost

$ 15

$ 13

$ 32

$ 28

Interest cost

Expected return on plan assets

(24)

(20)

(47)

(40)

Net loss from experience differences

Prior service cost

^[1]

Net periodic benefit cost

^[2]

Non-U.S. Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Service cost

101

Interest cost

100

154

197

Expected return on plan assets

(119)

(125)

(238)

(248)

Net loss from experience differences

Prior service cost

^[1]

Net periodic benefit cost

^[2]

$ 63

$ 53

$ 110

$ 103

[1]	For the three and six months ended June 30, 2015, amortization of prior service cost includes $17 million of pension curtailment losses related to employees who transitioned to JDE upon the divestiture of our global coffee business. Refer to Note 2, Divestitures and Acquisitions - Divestiture of Coffee Business, for more information.
[2]	For the three and six months ended June 30, 2015, settlement losses include $6 million of pension settlement losses for employees who elected lump-sum payments in connection with our 2014-2018 Restructuring Program. See Note 6, Restructuring Programs, for more information.

Components of Net Pension Cost (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Severance and Related Costs
Defined Benefit Plan Disclosure [Line Items]
Pension curtailment losses	$ (17)	$ (17)
2014-2018 Restructuring Program
Defined Benefit Plan Disclosure [Line Items]
Non-cash settlements / adjustments	(62)	(140)
2014-2018 Restructuring Program \| Severance and Related Costs
Defined Benefit Plan Disclosure [Line Items]
Non-cash settlements / adjustments	$ (6)	$ (6)

Components of Net Postretirement Health Care Costs (Detail) (Postretirement Benefit Plans, USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3	$ 3	$ 7	$ 6
Interest cost	6	6	12	11
Net loss from experience differences	4	1	7	3
Prior service credit	(2)	(2)	(4)	(5)
Net periodic benefit cost	$ 11	$ 8	$ 22	$ 15

Components of Net Postemployment Costs (Detail) (Postemployment Benefit Plans, USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Postemployment Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 2	$ 3	$ 4
Interest cost	2	1	3	3
Net periodic benefit cost	$ 3	$ 3	$ 6	$ 7

Stock Option Activity (Detail) (USD $) In Millions, except Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Shares subject to option
Beginning balance	56,431,551
Options granted	9,768,260
Options exercised	(4,439,379)
Options cancelled	(1,167,068)
Ending balance	60,593,364
Weighted-average exercise price
Beginning balance	$ 24.19
Options granted	$ 36.82
Options exercised	$ 22.90
Options cancelled	$ 31.72
Ending balance	$ 26.18
Aggregate intrinsic value
Options exercised	$ 65
Aggregate Intrinsic Value	$ 906	$ 685
Annual grant to eligible employees
Shares subject to option
Options granted	8,899,530
Weighted-average exercise price
Options granted	$ 36.94
Additional granted
Shares subject to option
Options granted	868,730
Weighted-average exercise price
Options granted	$ 35.59

Restricted Stock, Deferred Stock Unit and Performance Share Unit Activity (Detail) (USD $)
In Millions, except Share data, unless otherwise specified

6 Months Ended

Jun. 30, 2015

10,582,640

3,627,419

(3,286,055)

(737,151)

10,186,853

Weighted-average grant date fair value per share

$ 28.56

$ 36.97

$ 36.97

$ 31.81

$ 28.61

Weighted-Average Aggregate Fair Value

Total shares granted

$ 134

Vested

$ 121

Performance Share Units

Weighted-average grant date fair value per share

1,598,290

Grant date

Grant date

Feb. 18, 2015

$ 36.94

Restricted Stock

Weighted-average grant date fair value per share

386,910

Grant date

Grant date

Feb. 18, 2015

$ 36.94

Deferred Stock Units

Weighted-average grant date fair value per share

866,640

Grant date

Grant date

Feb. 18, 2015

$ 36.94

Additional granted

Weighted-average grant date fair value per share

775,579

^[1]

Accumulated Other Comprehensive Income (Loss) [Line Items]

$ 37.06

^[1]

[1]	Includes performance share units, restricted stock and deferred stock units.

Stock Plans - Additional Information (Detail) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	6 Months Ended		12 Months Ended	6 Months Ended		0 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Jun. 30, 2015 Common Class A	Dec. 31, 2013 Common Class A	Jul. 29, 2015 Common Class A Subsequent Event	Jul. 29, 2015 Common Class A Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase value					$ 7,700,000,000		$ 13,700,000,000
Stock repurchase expiration date				Dec. 31, 2016		Dec. 31, 2018
Number of shares repurchased				58.2
Average cost of shares repurchased				$ 37.17
Cost of shares repurchased	2,166,000,000		1,891,000,000	2,200,000,000
Payment for repurchase of common stock	2,132,000,000	720,000,000		2,100,000,000
Stock repurchase remaining amount				900,000,000
Increase in share repurchase value						$ 6,000,000,000

Commitments and Contingencies - Additional Information (Detail)									6 Months Ended
	Jun. 30, 2015 Indian Department of Central Excise Authority Cadbury USD ($)	Jun. 30, 2015 Indian Department of Central Excise Authority Cadbury INR	Jun. 30, 2015 Indian Department of Central Excise Authority Cadbury January to October 2014 USD ($)	Jun. 30, 2015 Indian Department of Central Excise Authority Cadbury January to October 2014 INR	Jun. 30, 2015 Indian Department of Central Excise Authority Cadbury Maximum USD ($)	Jun. 30, 2015 Indian Department of Central Excise Authority Cadbury Maximum INR	Jun. 30, 2015 Indian Department of Central Excise Authority Cadbury Maximum January to October 2014 USD ($)	Jun. 30, 2015 Indian Department of Central Excise Authority Cadbury Maximum January to October 2014 INR	Jun. 30, 2015 U.S. Commodity Futures Trading Commission ("CFTC") USD ($)	Jun. 30, 2015 U.S. Commodity Futures Trading Commission ("CFTC") Each Additional Violation of the Commodity Exchange Act USD ($)
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date	$ 59,000,000	3,700,000,000	$ 16,000,000	1,000,000,000
Tax penalties and interest expense					92,000,000	5,800,000,000	16,000,000	1,000,000,000
Loss contingency, filling date									April 1, 2015
Loss contingency, damages sought									$ 1,000,000	$ 140,000

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

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Currency translation adjustment

$ (7,318)

$ (2,889)

(1,549)

^[1]

161

^[1]

Pension and other benefits

(28)

Derivatives accounted for as hedges

251

(132)

Losses / (gains) reclassified into net earnings

Total other comprehensive earnings / (losses)

(132)

(1,374)

129

Accumulated Other Comprehensive Income (Loss) [Line Items]

(8,692)

(2,760)

Currency Translation Adjustments

Currency translation adjustment

(5,042)

(1,414)

(1,600)

^[1]

167

^[1]

Derivatives accounted for as hedges

241

(20)

(88)

(3)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(6,489)

(1,270)

Pension and other benefits

Currency translation adjustment

(2,274)

(1,592)

^[1]

(6)

^[1]

Pension and other benefits

(28)

Losses / (gains) reclassified into net earnings

132

(31)

(21)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(2,150)

(1,534)

Derivatives accounted for as hedges

Derivatives accounted for as hedges

(2)

117

(112)

Losses / (gains) reclassified into net earnings

(48)

(4)

(13)

$ (53)

$ 44

[1]	The condensed consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(16) million for the six months ended June 30, 2015 and $(1) million for the six months ended June 30, 2014.

Reclassification of losses / (gains) into net earnings:

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.

+ References+ Details

Components of Accumulated Other Comprehensive Earnings / (Losses) (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation adjustment attributable to noncontrolling interests	$ (16)	$ (1)

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

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Dec. 31, 2014

Amortization of experience losses and prior service costs

$ 67

$ 35

$ 119

$ 69

Interest and other expense, net

(314)

(224)

(700)

(944)

Tax impact

(100)

(91)

(213)

(64)

(4,595)

(5,331)

(9,416)

(10,768)

Reclassification of losses / (gains) into net earnings:

427

642

739

792

2,201

Reclassification out of Accumulated Other Comprehensive Income

Reclassification of losses / (gains) into net earnings:

Reclassification out of Accumulated Other Comprehensive Income | Pension and other benefits

Amortization of experience losses and prior service costs

^[1]

119

^[1]

Reclassification of losses / (gains) into net earnings:

^[1]

Tax impact

(23)

(8)

(36)

(21)

Reclassification out of Accumulated Other Comprehensive Income | Derivatives accounted for as hedges

Tax impact

(10)

Reclassification out of Accumulated Other Comprehensive Income | Derivatives accounted for as hedges | Currency exchange contracts

Reclassification of losses / (gains) into net earnings:

Reclassification of losses / (gains) into net earnings:

(42)

(92)

Reclassification out of Accumulated Other Comprehensive Income | Derivatives accounted for as hedges | Commodity contracts

Reclassification of losses / (gains) into net earnings:

(2)

(4)

(11)

Reclassification out of Accumulated Other Comprehensive Income | Derivatives accounted for as hedges | Interest rate contracts

Interest and other expense, net

$ 41

$ 3

[1]	These items are included in the components of net periodic benefit costs disclosed in Note 9, 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.

+ References+ Details

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

+ References+ Details

Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2015 Scenario, Forecast
Income Tax Contingency [Line Items]
Impact on provision for income tax, out-of-period adjustments	$ 4		$ 5	$ 11	$ 5
Estimated effective tax rate							19.00%
Effective tax rate	19.00%		12.40%	22.40%	7.50%	19.60%
Total favorable discrete items	8		52	33	104
Net unfavorable tax charge related to the sale of joint venture	22	32		54
Net favorable tax audit settlements and expirations of statutes of limitations	11		9	33	60
Tax return to provision adjustments			$ 37		$ 37

Basic and Diluted Earnings per Share (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Earnings Per Share [Line Items]
Net earnings	$ 427	$ 642	$ 739	$ 792	$ 2,201
Noncontrolling interest	21	20	9	7
Net earnings attributable to Mondelez International	$ 406	$ 622	$ 730	$ 785
Weighted-average shares for basic EPS	1,625	1,694	1,637	1,699
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares	18	18	17	18
Weighted-average shares for diluted EPS	1,643	1,712	1,654	1,717
Basic earnings per share attributable to Mondelez International	$ 0.25	$ 0.37	$ 0.45	$ 0.46
Diluted earnings per share attributable to Mondelez International	$ 0.25	$ 0.36	$ 0.44	$ 0.46

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

Earnings Per Share - Additional Information (Detail) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Mondelez International stock options excluded from the calculation of diluted EPS	12.6	9.9	13.2	7.3

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References+ Details

Segment Reporting - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended		3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2015 Segment	Jun. 30, 2014	Jun. 30, 2015 Corporate Scenario, Adjustment	Jun. 30, 2015 Corporate Scenario, Adjustment	Jun. 30, 2015 North America Segment Scenario, Previously Reported	Jun. 30, 2015 North America Segment Scenario, Previously Reported
Segment Reporting Information [Line Items]
Number of reportable segments	5
Stock-based compensation expense	$ 66	$ 68	$ 4	$ 15	$ 4	$ 15

Net Revenues by Segment (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

$ 7,661

$ 8,436

^[1]

$ 15,423

$ 17,077

^[1]

Latin America Segment

1,240

1,242

^[1]

2,497

2,598

^[1]

Asia Pacific Segment

1,024

1,084

^[1]

2,177

2,307

^[1]

EEMEA Segment

869

1,008

^[1]

1,564

1,846

^[1]

Europe Segment

2,815

3,379

^[1]

5,790

6,936

^[1]

North America Segment

$ 1,713

$ 1,723

^[1]

$ 3,395

$ 3,390

^[1]

[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Operating Income by Segment (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Unrealized gains (losses) on derivatives			$ (200)
General corporate expenses	(71)	(63)	(145)	(135)
Amortization of intangibles	(46)	(55)	(92)	(109)
Gain on divestiture	13		13
Acquisition-related costs	(1)		(2)
Operating income	841	957	1,652	1,800
Interest and other expense, net	(314)	(224)	(700)	(944)
Earnings before income taxes	527	733	952	856
Cost of Sales
Segment Reporting Information [Line Items]
Unrealized gains (losses) on derivatives	86	(54)	79	(47)
Latin America Segment
Segment Reporting Information [Line Items]
Operating income	134	140	288	184
Asia Pacific Segment
Segment Reporting Information [Line Items]
Operating income	104	111	250	299
EEMEA Segment
Segment Reporting Information [Line Items]
Operating income	100	146	132	210
Europe Segment
Segment Reporting Information [Line Items]
Operating income	261	463	587	926
North America Segment
Segment Reporting Information [Line Items]
Operating income	$ 261	$ 269	$ 542	$ 472

Net Revenues by Consumer Sector (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

$ 7,661

$ 8,436

^[1]

$ 15,423

$ 17,077

^[1]

Biscuits

2,864

2,969

^[1]

5,565

5,837

^[1]

Chocolate

1,631

1,970

^[1]

3,810

4,494

^[1]

Gum & Candy

1,119

1,194

^[1]

2,174

2,319

^[1]

Beverages

1,359

^[2]

1,509

^[1],[2]

2,547

^[2]

2,891

^[1],[2]

Cheese & Grocery

688

794

^[1]

1,327

1,536

^[1]

Latin America Segment

1,240

1,242

^[1]

2,497

2,598

^[1]

Latin America Segment | Biscuits

407

333

^[1]

716

660

^[1]

Latin America Segment | Chocolate

202

256

^[1]

496

580

^[1]

Latin America Segment | Gum & Candy

295

293

^[1]

590

579

^[1]

Latin America Segment | Beverages

178

^[2]

197

^[1],[2]

392

^[2]

452

^[1],[2]

Latin America Segment | Cheese & Grocery

158

163

^[1]

303

327

^[1]

Asia Pacific Segment

1,024

1,084

^[1]

2,177

2,307

^[1]

Asia Pacific Segment | Biscuits

268

273

^[1]

584

604

^[1]

Asia Pacific Segment | Chocolate

302

329

^[1]

704

747

^[1]

Asia Pacific Segment | Gum & Candy

188

^[1]

379

394

^[1]

Asia Pacific Segment | Beverages

133

^[2]

137

^[1],[2]

248

^[2]

259

^[1],[2]

Asia Pacific Segment | Cheese & Grocery

133

157

^[1]

262

303

^[1]

EEMEA Segment

869

1,008

^[1]

1,564

1,846

^[1]

EEMEA Segment | Biscuits

147

171

^[1]

271

318

^[1]

EEMEA Segment | Chocolate

196

221

^[1]

395

464

^[1]

EEMEA Segment | Gum & Candy

166

200

^[1]

284

347

^[1]

EEMEA Segment | Beverages

272

^[2]

327

^[1],[2]

457

^[2]

555

^[1],[2]

EEMEA Segment | Cheese & Grocery

^[1]

157

162

^[1]

Europe Segment

2,815

3,379

^[1]

5,790

6,936

^[1]

Europe Segment | Biscuits

642

794

^[1]

1,236

1,516

^[1]

Europe Segment | Chocolate

890

1,114

^[1]

2,118

2,590

^[1]

Europe Segment | Gum & Candy

198

238

^[1]

381

461

^[1]

Europe Segment | Beverages

776

^[2]

848

^[1],[2]

1,450

^[2]

1,625

^[1],[2]

Europe Segment | Cheese & Grocery

309

385

^[1]

605

744

^[1]

North America Segment

1,713

1,723

^[1]

3,395

3,390

^[1]

North America Segment | Biscuits

1,400

1,398

^[1]

2,758

2,739

^[1]

North America Segment | Chocolate

^[1]

113

^[1]

North America Segment | Gum & Candy