Other comprehensive earnings (losses), net of income taxes

8,007

(2,313)

Balances at Sep. 30, 2015

(9,609)

Balances at Dec. 31, 2014

27,853

31,651

14,529

(7,318)

(11,112)

103

Other comprehensive earnings (losses), net of income taxes

7,291

7,267

(2,694)

(2,668)

(26)

Exercise of stock options and issuance of other stock awards

311

109

(70)

272

Common Stock repurchased

(3,622)

Cash dividends declared ($0.53 per share for 2016 and $0.64 per share for 2015)

(1,026)

Dividends paid on noncontrolling interest and other activities

(13)

Balances at Dec. 31, 2015

28,100

31,760

20,700

(9,986)

(14,462)

Balances at Jun. 30, 2015

(8,692)

Other comprehensive earnings (losses), net of income taxes

7,268

(923)

Balances at Sep. 30, 2015

(9,609)

Balances at Dec. 31, 2015

28,100

31,760

20,700

(9,986)

(14,462)

Other comprehensive earnings (losses), net of income taxes

1,576

1,566

284

287

(3)

Exercise of stock options and issuance of other stock awards

257

(74)

286

Common Stock repurchased

(1,787)

Cash dividends declared ($0.53 per share for 2016 and $0.64 per share for 2015)

(826)

Dividends paid on noncontrolling interest and other activities

(27)

Balances at Sep. 30, 2016

27,577

31,805

21,366

(9,699)

(15,963)

Balances at Jun. 30, 2016

(9,768)

Other comprehensive earnings (losses), net of income taxes

548

Balances at Sep. 30, 2016

$ 27,577

$ 31,805

$ 21,366

$ (9,699)

$ (15,963)

$ 68

[1]

Noncontrolling interest as of September 30, 2015 was $84 million, as compared to $103 million as of January 1, 2015. The change of $(19) million during the nine months ended September 30, 2015 was due to $(22) million of other comprehensive losses, net of taxes, $11 million of net earnings and $(8) million of dividends paid.

Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Cash dividends declared, per share	$ 0.19	$ 0.17	$ 0.53	$ 0.47	$ 0.64
Noncontrolling interest	$ 68	$ 84	$ 68	$ 84	$ 88	$ 103
Change in noncontrolling interest				(19)
Net earnings		2	10	11
Other comprehensive losses, net of taxes	$ (2)	$ (6)	$ (3)	(22)
Dividends paid				$ (8)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES
Net earnings	$ 1,576	$ 8,007
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	615	663
Stock-based compensation expense	102	98
Deferred income tax benefit	(163)	(81)
Gains on JDE coffee business transactions and divestiture		(7,135)
Asset impairments	262	195
Loss on early extinguishment of debt		708
JDE coffee business transactions currency-related net gains		(436)
Gain on equity method investment exchange	(43)
Equity method investment net (earnings) / losses	(218)	16
Distributions from equity method investments	75	58
Other non-cash items, net	10	142
Change in assets and liabilities, net of acquisitions and divestitures:
Receivables, net	(265)	(868)
Inventories, net	(121)	(314)
Accounts payable	(143)	496
Other current assets	79	36
Other current liabilities	(266)	11
Change in pension and postretirement assets and liabilities, net	(362)	(184)
Net cash provided by operating activities	1,138	1,412
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES
Capital expenditures	(909)	(1,178)
Proceeds from JDE coffee business transactions currency hedge settlements		1,050
Acquisitions, net of cash received		(536)
Proceeds from JDE coffee business transaction and divestiture, net of disbursements	275	4,091
Proceeds from sale of property, plant and equipment and other assets	113	33
Net cash (used in) / provided by investing activities	(521)	3,460
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES
Issuances of commercial paper, maturities greater than 90 days	1,028	613
Repayments of commercial paper, maturities greater than 90 days	(337)	(710)
Net issuances of other short-term borrowings	1,533	396
Long-term debt proceeds	1,149	3,606
Long-term debt repaid	(1,757)	(4,543)
Repurchase of Common Stock	(1,727)	(3,003)
Dividends paid	(801)	(736)
Other	82	107
Net cash used in financing activities	(830)	(4,270)
Effect of exchange rate changes on cash and cash equivalents	29	(194)
Cash and cash equivalents:
(Decrease) / increase	(184)	408
Balance at beginning of period	1,870	1,631
Balance at end of period	$ 1,686	$ 2,039

Basis of Presentation

9 Months Ended

Sep. 30, 2016

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, 2015 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, 2015.

Principles of Consolidation:

As of the close of the fourth quarter of 2015, we deconsolidated our Venezuelan operations from our consolidated financial statements. As such, the results of our Venezuelan subsidiaries are not included in our condensed consolidated financial statements for the three and nine months ended September 30, 2016. The operating results of our Venezuelan subsidiaries are included in our condensed consolidated financial statements for the three and nine months ended September 30, 2015. See Currency Translation and Highly Inflationary Accounting: Venezuela below for more information.

On July 2, 2015, we contributed our global coffee businesses to a new company, Jacobs Douwe Egberts (“JDE”), in which we now hold an equity interest (collectively, the “JDE coffee business transactions”). Historically, our coffee businesses and the income from equity method investments were recorded within our operating income as these businesses were part of our base business. While we retain an ongoing interest in coffee through equity method investments including JDE, Keurig Green Mountain Inc. (“Keurig”) and Dongsuh Foods Corporation (“DSF”), and we have significant influence with our equity method investments, we do not control these operations directly. As such, in the third quarter of 2015, we began to recognize equity method investment earnings, consisting primarily of investments in coffee businesses, outside of operating income and segment income. For periods prior to the third quarter of 2015, our historical coffee business and equity method investment earnings were included within our operating income and segment income. Please see Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions and Keurig Transaction, and Note 15, Segment Reporting, for more information on these transactions.

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) and realized exchange gains and losses on transactions in earnings.

United Kingdom. On June 23, 2016, the United Kingdom (“U.K.”) voted by referendum to exit the European Union (“E.U.”); this vote is commonly referred to as “Brexit.” The referendum is non-binding and the exit from the E.U. is not immediate. Once the U.K. invokes E.U. Article 50, there is a two-year window in which the U.K. and European Commission can negotiate the future terms for imports, exports, taxes, employment, immigration and other areas.

Brexit has caused volatility in global stock markets and currency exchange rates, affecting the markets in which we operate. The implications of Brexit could adversely affect demand for our products, our financial results and operations, and our relationships with customers, suppliers and employees in the short or long-term. On June 24, 2016, the value of the British pound sterling relative to the U.S. dollar fell by 9%. Since that date, the value of the British pound sterling relative to the U.S. dollar declined an additional 5% through September 30, 2016. Further volatility in the exchange rate is expected over the transition period.

As the business operating environment remains uncertain, we continue to monitor our investments and currency exposures abroad. As the U.K. is not a highly-inflationary economy, we record currency translation adjustments within equity and realized exchange gains and losses on transactions in earnings. While we did not experience significant business disruptions in our U.K. businesses immediately following the referendum, the devaluation of the British pound sterling in late June adversely affected our translated results reported in U.S. dollars. We have a natural hedge in the form of pound sterling-denominated debt that acts as a net investment hedge, moving counter to adverse pound sterling currency translation impacts. British pound sterling currency transaction risks are largely mitigated due to our global chocolate businesses buying cocoa in British pound sterling. Our U.K. operations contributed $505 million, or 7.9% of consolidated net revenues in the three months and $1.6 billion, or 8.4% of consolidated net revenues in the nine months ended September 30, 2016.

Venezuela. From January 1, 2010 through December 31, 2015, we accounted for the results of our Venezuelan subsidiaries using the U.S. dollar as the functional currency as prescribed by U.S. GAAP for highly inflationary economies.

Effective as of the close of the 2015 fiscal year, we concluded that we no longer met the accounting criteria for consolidation of our Venezuelan subsidiaries due to a loss of control over our Venezuelan operations and an other-than-temporary lack of currency exchangeability. During the fourth quarter of 2015, representatives of the Venezuelan government arbitrarily imposed pricing restrictions on our local operations that resulted in our inability to recover operating costs. We immediately began an appeal process with the Venezuelan authorities to demonstrate that our pricing was in line with the regulatory requirements. In January 2016, local officials communicated that some of the pricing restrictions had been lifted; however, the legally required administrative order had not been issued and it was uncertain when it would be issued. The legal and regulatory environment also became more unreliable. While we had been complying with the Venezuelan law governing pricing and profitability controls and followed the legal process for appeal, the appeal process was not available to us as outlined under law. Additionally, we were increasingly facing issues procuring raw materials and packaging. Taken together, these actions, the economic environment in Venezuela and the progressively limited access to dollars to import goods through the use of any of the available currency mechanisms impaired our ability to operate and control our Venezuelan businesses. As a result of these factors, we concluded that we no longer met the criteria for the consolidation of our Venezuelan subsidiaries.

As of the close of the 2015 fiscal year, we deconsolidated and changed to the cost method of accounting for our Venezuelan operations. We recorded a $778 million pre-tax loss on December 31, 2015 as we reduced the value of our cost method investment in Venezuela and all Venezuelan receivables held by our other subsidiaries to realizable fair value, resulting in full impairment. The recorded loss also included historical cumulative translation adjustments related to our Venezuelan operations that had previously been recorded in accumulated other comprehensive losses within equity. The fair value of our investments in our Venezuelan subsidiaries was estimated based on discounted cash flow projections of current and expected operating losses in the foreseeable future and our ability to operate the business on a sustainable basis. Our fair value estimate included U.S. dollar exchange and discount rate assumptions that reflect the inflation and economic uncertainty in Venezuela.

Beginning in 2016, we no longer include net revenues, earnings or net assets of our Venezuelan subsidiaries within our condensed consolidated financial statements. Under the cost method of accounting, earnings are only recognized to the extent cash is received. Given the current and ongoing difficult economic, regulatory and business environment in Venezuela, there continues to be significant uncertainty related to our operations in Venezuela, and we expect these conditions will continue for the foreseeable future. We will monitor the extent of our ability to control our Venezuelan operations and the liquidity and availability of U.S. dollars at different rates, including the changes to the currency exchange systems in March 2016, as our current situation in Venezuela may change over time and lead to consolidation at a future date.

We recorded no revenues, earnings or other financial results from our Venezuelan subsidiaries during the three and nine months ended September 30, 2016, and we continue to monitor the business, economic and regulatory climate in Venezuela. For the three and nine months ended September 30, 2015, the operating results of our Venezuelan operations were included in our condensed consolidated statements of earnings. During the first quarter of 2015, we recognized an $11 million currency-related remeasurement loss resulting from a devaluation of the Venezuela bolivar exchange rate we historically used to source U.S. dollars for purchases of imported raw materials, packaging and other goods and services.

The following table sets forth net revenues and operating income (including the impact of remeasurement losses) for our Venezuelan operations for the three and nine months ended September 30, 2015:


Venezuela operations		Three Months Ended September 30, 2015
Net revenues		$315 million or 4.6% of consolidated net revenues
Operating income		$73 million or 0.9% of consolidated operating income

		Nine Months Ended September 30, 2015
Net revenues		$834 million or 3.7% of consolidated net revenues
Operating income		$188 million or 2.0% of consolidated operating income

Argentina. On December 16, 2015, the new Argentinean government fiscal authority announced the lifting of strict currency controls and reduced restrictions on exports and imports. The next day, the value of the Argentinean peso relative to the U.S. dollar fell by 36%. In the first nine months of 2016, the value of the Argentinean peso relative to the U.S. dollar declined 18%. Further volatility in the exchange rate is expected. While the business operating environment remains challenging, we continue to monitor and actively manage our investment and exposures in Argentina. We continue executing our hedging programs and refining our product portfolio to improve our product offerings, mix and profitability. We also continue to implement additional cost initiatives to protect the business. While further currency declines could have an adverse impact on our ongoing results of operations, we believe the actions by the new government to reduce economic controls and business restrictions will provide favorable opportunities for our Argentinean subsidiaries. Our Argentinean operations contributed $145 million, or 2.3% of consolidated net revenues in the three months and $439 million, or 2.3% of consolidated net revenues in the nine months ended September 30, 2016. As of September 30, 2016, the net monetary liabilities of our Argentina operations were not material. Argentina is not designated as a highly-inflationary economy for accounting purposes, so we 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 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 recently experienced periods of significant economic uncertainty. These include Brazil, China, Mexico, Russia, Turkey, Egypt, Nigeria and Ukraine, most of which have had either currency devaluation or volatility in exchange rates. We continue to monitor operations, currencies and net monetary exposures in these countries. At this time, we do not anticipate any risk to our operating results from changing to highly inflationary accounting in these countries.

Transfers of Financial Assets:

We account for transfers of financial assets, such as uncommitted revolving non-recourse accounts receivable factoring arrangements, when we have surrendered control over the related assets. Determining whether control has transferred requires an evaluation of relevant legal considerations, an assessment of the nature and extent of our continuing involvement with the assets transferred and any other relevant considerations. We use receivable factoring arrangements periodically when circumstances are favorable to manage liquidity. We have a factoring arrangement with a major global bank for a maximum combined capacity of $820 million. Under the program, we may sell eligible short-term trade receivables to the bank in exchange for cash. We then continue to collect the receivables sold, acting solely as a collecting agent on behalf of the bank. We also enter into arrangements with customers to achieve earlier collection of receivables. The incremental cost of factoring receivables for all regions was $2 million in the three months and $6 million in the nine months ended September 30, 2016 and $1 million in the three months and $4 million in the nine months ended September 30, 2015 and was recorded in net revenue. The outstanding principal amount of receivables under these arrangements amounted to $589 million as of September 30, 2016 and $401 million as of September 30, 2015.

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 $19 million on net revenues and $9 million on operating income in the three months and $57 million on net revenues and $27 million on operating income in the nine months ended September 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.

New Accounting Pronouncements:

In August 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) to provide guidance on eight specific cash flow classification issues and reduce diversity in practice in how some cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We are currently assessing the impact on our condensed consolidated financial statements.

In March 2016, the FASB issued an ASU to simplify the accounting for stock-based compensation. The ASU addresses several areas of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and cash flow statement presentation. The ASU is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. We are currently assessing the impact on our condensed consolidated financial statements. We anticipate the impact of adopting the standard on January 1, 2017 will be greater volatility in our condensed consolidated income statement in subsequent reporting periods. We will begin recording certain stock-based compensation tax impacts in our provision for income taxes prospectively which, under current guidance, are recorded directly to equity.

In March 2016, the FASB issued an ASU that simplifies the transition accounting for increases in investments that require a change from the cost basis to the equity method of accounting. U.S. GAAP currently requires the impact of such changes in accounting method to be retroactively applied to all prior periods that the investment was held. Under the new standard, adjustments to the investor’s basis in the investment should be recorded on the date the investment becomes qualified for equity method accounting. The equity method of accounting is then applied prospectively from that date. The ASU is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. This ASU is not expected to have a significant impact on our condensed consolidated financial statements. We plan to adopt when the ASU becomes effective or earlier if an in-scope transaction arises.

In March 2016, the FASB issued an ASU that clarifies whether contingent put and call options meet the “clearly and closely related” criteria in connection with accounting for embedded derivatives. U.S GAAP requires that embedded derivatives be separated from the host contract and accounted for separately as derivatives if certain criteria are met. The criteria include determining that the economic characteristics and risks of the embedded derivatives are not “clearly and closely related” to those of the host contract. The ASU is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. We plan to adopt the new standard as of December 31, 2016 and do not expect this ASU to have a significant impact on our condensed consolidated financial statements.

In March 2016, the FASB issued an ASU that applies when there is a contract novation to a new counterparty for a derivative designated as an accounting hedge. The ASU clarifies that such a change in counterparty does not, in and of itself, require de-designation of the hedging relationship, provided that all other hedge accounting criteria continue to be met. The ASU is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. We plan to adopt the new standard as of December 31, 2016 and do not expect this ASU to have a significant impact on our condensed consolidated financial statements.

In February 2016, the FASB issued an ASU on lease accounting. The ASU revises existing U.S. GAAP and outlines a new model for lessors and lessees to use in accounting for lease contracts. The guidance requires lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases, with the exception of short-term leases. In the condensed consolidated statement of earnings, lessees will classify leases as either operating (resulting in straight-line expense) or financing (resulting in a front-loaded expense pattern). The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact across our operations and on our condensed consolidated financial statements.

In January 2016, the FASB issued an ASU that provides updated guidance for the recognition, measurement, presentation and disclosure of financial assets and liabilities. The standard requires that equity investments (other than those accounted for under equity method of accounting or those that result in consolidation of the investee) be measured at fair value, with changes in fair value recognized in net income. The standard also impacts financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. The ASU is effective for fiscal years beginning after December 15, 2017. This ASU is not expected to have a significant impact on our condensed 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 control over 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 2016, the FASB issued several ASUs that clarified principal versus agent (gross versus net) revenue presentation considerations, confirmed certain prepaid stored-value products should be accounted for under the new revenue recognition ASU and not under other U.S. GAAP and clarified the guidance for identifying performance obligations within a contract and the accounting for licenses. The FASB also issued an ASU providing narrow scope exceptions and practical expedients to clarify and improve the implementation of the new revenue recognition guidance. 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 make progress on our efforts to assess the impact of the ASU across our operations and on our condensed consolidated financial statements. We anticipate adopting the new standard on January 1, 2018 on a full retrospective basis.

Divestitures and Acquisitions

9 Months Ended

Sep. 30, 2016

Divestitures and Acquisitions

Note 2. Divestitures and Acquisitions

JDE Coffee Business Transactions:

On July 2, 2015, we completed transactions to combine our wholly owned coffee businesses with those of D.E Master Blenders 1753 B.V. (“DEMB”) to create a new company, JDE. Following the exchange of a portion of our investment in JDE for an interest in Keurig in March 2016, we held a 26.5% equity interest in JDE. The remaining 73.5% equity interest in JDE was held by a subsidiary of Acorn Holdings B.V. (“AHBV,” owner of DEMB prior to July 2, 2015). Please see discussion of the acquisition of an interest in Keurig below under Keurig Transaction. As of September 30, 2016, we hold a 26.4% equity interest in JDE following the transactions discussed under JDE Stock-Based Compensation Arrangements below.

The consideration we received in the JDE coffee business transactions completed on July 2, 2015 consisted of €3.8 billion of cash ($4.2 billion as of July 2, 2015), a 43.5% equity interest in JDE (prior to the decrease in ownership due to the Keurig transaction and the compensation arrangements discussed below) and $794 million in receivables (related to sales price adjustments and tax formation cost payments). During the third quarter of 2015, we also recorded $283 million of cash and receivables from JDE related to reimbursement of costs that we incurred in separating our coffee businesses. The cash and equity consideration we received at closing reflects that we retained our interest in a Korea-based joint venture, DSF. 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 this sale as part of the overall JDE coffee business transactions. Please see discussion of the divestiture of AGF below under Other Divestitures and Acquisitions.

On July 5, 2016, we received an expected cash payment of $275 million from JDE to settle the receivable related to tax formation costs that were part of the initial sales price.

In connection with the contribution of our global coffee businesses to JDE on July 2, 2015, we recorded a final pre-tax gain of $6.8 billion (or $6.6 billion after taxes) in 2015 after final adjustments as described below. We also recorded approximately $1.0 billion of pre-tax net gains related to hedging the expected cash proceeds from the transactions as described further below. During the fourth quarter of 2015, we and JDE concluded negotiations of a sales price adjustment and completed the valuation of our investment in JDE. Primarily due to the negotiated resolution of the sales price adjustment in the fourth quarter of 2015, we recorded a $313 million reduction in the pre-tax gain on the coffee transaction, reducing the $7.1 billion estimated gain in the third quarter of 2015 to the $6.8 billion final gain for 2015. As part of our sales price negotiations, we retained the right to collect future cash payments if certain estimated pension liabilities are realized over an agreed amount in the future. As such, we may recognize additional income related to this negotiated term in the future.

The final value of our investment in JDE on July 2, 2015 was €4.1 billion ($4.5 billion as of July 2, 2015). The fair value of the JDE investment was determined using both income-based and market-based valuation techniques. The discounted cash flow analysis reflected growth, discount and tax rates and other assumptions reflecting the underlying combined businesses and countries in which the combined coffee businesses operate. The fair value of the JDE investment also included the fair values of the Carte Noire and Merrild businesses, which JDE agreed to divest to comply with the conditioned approval by the European Commission related to the JDE coffee business transactions. As of the end of the first quarter of 2016, these businesses were sold by JDE. As the July 2, 2015 fair values for these businesses were recorded by JDE at their pending sales values, we did not record any gain or loss on the sales of these businesses in our share of JDE’s earnings.

In connection with the expected receipt of cash in euros at the time of closing, we entered into a number of consecutive currency exchange forward contracts in 2014 and 2015 to lock in an equivalent expected value in U.S. dollars as of the date the JDE coffee business transactions were first announced in May 2014. Cumulatively, we realized aggregate net gains and received cash of approximately $1.0 billion on these hedging contracts that increased the cash we received in connection with the JDE coffee business transactions from $4.2 billion in cash consideration received to $5.2 billion. In connection with these currency contracts, we recognized net gains of $29 million in the three months and $436 million in the nine months ended September 30, 2015 within interest and other expense, net.

We also incurred incremental expenses related to readying our global coffee businesses for the transactions that totaled $54 million in the three months and $239 million in the nine months ended September 30, 2015. These expenses were recorded within selling, general and administrative expenses of primarily our Europe segment, as well as within our Eastern Europe, Middle East and Africa (“EEMEA”) segment and general corporate expenses.

JDE Capital Increase:

On December 18, 2015, AHBV and we agreed to provide JDE additional capital to pay down some of its debt with lenders. Our pro rata share of the capital increase was €499 million ($544 million as of December 18, 2015) and was made in return for a pro rata number of additional shares in JDE such that our ownership in JDE did not change following the capital increase. To fund our share of the capital increase, we contributed €460 million ($501 million) of JDE receivables and made a €39 million ($43 million) cash payment.

JDE Stock-Based Compensation Arrangements:

At the close of June 30, 2016, we entered into agreements with AHBV and its affiliates to establish a new stock-based compensation arrangement tied to the issuance of JDE equity compensation awards to JDE employees. This arrangement replaced a temporary equity compensation program tied to the issuance of AHBV equity compensation to JDE employees. New Class C, D and E JDE shares were authorized and issued for investments made by JDE employees. Under these arrangements, dilution of the JDE shares is limited to 2%. Upon execution of the agreements and the creation of the Class C, D and E JDE shares, as a percentage of the total JDE issued shares, our Class B shares changed from 26.5% to 26.4% and AHBV’s Class A shares changed from 73.5% to 73.22%, while the Class C, D and E shares, held by AHBV and its affiliates until the JDE employee awards vest, comprised 0.38% of JDE’s shares. Additional Class C shares are available to be issued when planned long-term incentive plan (“JDE LTIP”) awards vest, generally over the next five years. When the JDE Class C shares are issued in connection with the vested JDE LTIP awards, the Class A and B relative ownership interests will decrease. Based on estimated achievement and forfeiture assumptions, we do not expect our JDE ownership interest to decrease below 26.27%. As of September 30, 2016, our ownership interest in JDE was 26.4%.

JDE Tax Matter Resolution:

On July 19, 2016, the Supreme Court of Spain reached a final resolution on a challenged JDE tax position held by a predecessor DEMB company that resulted in an unfavorable tax expense of €114 million ($128 million as of September 30, 2016). As a result, our earnings in the third quarter of 2016 were negatively affected by €30 million ($34 million as of September 30, 2016).

Keurig Transaction:

On March 3, 2016, a subsidiary of AHBV completed the $13.9 billion acquisition of all of the outstanding common stock of Keurig through a merger transaction. On March 7, 2016, we exchanged with a subsidiary of AHBV a portion of our equity interest in JDE with a carrying value of €1.7 billion (approximately $2.0 billion as of March 7, 2016) for an interest in Keurig with a fair value of $2.0 billion based on the merger consideration per share for Keurig. We recorded the difference between the fair value of Keurig and our basis in JDE shares as a $43 million gain on equity method investment exchange in March 2016. Following the exchange, our ownership interest in JDE was 26.5% and our interest in Keurig was 24.2%. Both AHBV and we hold our investments in Keurig through a combination of equity and interests in a shareholder loan, with pro-rata ownership of each. Our initial $2.0 billion investment in Keurig includes a $1.6 billion Keurig equity interest and a $0.4 billion shareholder loan receivable, which are reported on a combined basis within equity method investments on our condensed consolidated balance sheet as of September 30, 2016. The shareholder loan has a 5.5% interest rate and is payable at the end of a seven-year term on February 27, 2023. We recorded equity earnings of $10 million for the three months and $39 million for the seven months ended September 30, 2016 and interest income from the shareholder loan of $6 million for the three months and $14 million for the seven months ended September 30, 2016 within equity method earnings. Additionally, we received $2 million in the three months ended and $4 million in the seven months ended September 30, 2016 of dividends on our investment in Keurig. We continue to account for our investments in JDE and Keurig under the equity method and recognize our share of their earnings within equity method investment earnings and our share of their dividends within our cash flows. As of September 30, 2016, Keurig is working to finalize the acquisition purchase price allocation.

Coffee Business Equity Earnings:

We have reflected the results of our historical coffee businesses and equity earnings from JDE, Keurig and DSF in our results from continuing operations as the coffee category continues to be a significant part of our net earnings and business strategy going forward. Historically, our coffee businesses and the income from equity method investments were recorded within our operating income as these businesses were part of our base business. While we retain an ongoing interest in coffee through equity method investments including JDE, Keurig and DSF, and we have significant influence with our equity method investments, we do not control these operations directly. As such, in the third quarter of 2015, we began to recognize equity method investment earnings, consisting primarily of investments in coffee businesses, outside of operating income. For periods prior to the third quarter of 2015, our historical coffee business and equity method investment earnings were included within our operating income.

The equity method investment earnings and interest income contributed by our coffee investments included losses of $3 million from JDE, earnings of $16 million from Keurig and $11 million from DSF for the three months and earnings of $89 million from JDE, $53 million from Keurig (since March 7, 2016) and $56 million from DSF for the nine months ended September 30, 2016. For the three and nine months ended September 30, 2015, the equity method investment losses contributed by our coffee investments included $105 million from JDE and the equity method investment earnings contributed by our coffee investments included $20 million from DSF. For the nine months ended September 30, 2015, after-tax earnings were $296 million for the coffee businesses we contributed to JDE on July 2, 2015 and $40 million for DSF.

Other Divestitures and Acquisitions:

During the nine months ended September 30, 2016, we entered into the following transactions that as of September 30, 2016, met the qualifications of held for sale accounting. These transactions included pending sales of:

•

Several manufacturing facilities in France and sale or license of several local confectionery brands. On March 31, 2016, we received a binding offer totaling €176 million ($198 million as of September 30, 2016). Taking into account agreed upon sales price adjustments related to cash, employee-related liabilities and working capital to be transferred at closing, we currently estimate a sales price of €220 million ($247 million as of September 30, 2016) based on net book values as of September 30, 2016. The final sales price is subject to change as working capital and other account balances may change at the time of closing. The transactions are subject to E.U. and local regulatory approvals, completion of employee consultation requirements and additional steps to prepare the assets for transfer. Prior to closing, together with the buyer, we will undertake consultations with all Works Councils and employee representatives required in connection with the transactions. During the third quarter, we made progress on the pre-closing sale conditions. On March 31, 2016, we recorded a $14 million impairment charge for a gum & candy trademark as a portion of its carrying value would not be recoverable based on future cash flows expected under a planned license agreement with the buyer. In May 2016, we recorded an additional $5 million impairment charge for another candy trademark to reduce the overall net assets to the estimated net sales proceeds after transaction costs. Additionally, in the nine months ended September 30, 2016, we incurred and accrued $84 million of incremental expenses to ready the business for the sale transactions expected to close in 2017. We recorded these costs within cost of sales and selling, general and administrative expenses of our Europe segment.

•

A chocolate factory in Belgium. We entered into this transaction in the third quarter of 2016 and expect the transaction to close in the fourth quarter of 2016. In connection with this transaction, we incurred and accrued €29 million ($33 million as of September 30, 2016) of incremental expenses related to selling the factory within cost of goods sold and selling, general and administrative expense and we recorded a €30 million ($34 million as of September 30, 2016) fixed asset impairment charge within asset impairments and exit costs.

•

A confectionery business in Costa Rica. We entered into this transaction in the third quarter of 2016 and expect the transaction to close in the fourth quarter of 2016.

•

A manufacturing plant in Russia. During the third quarter of 2016, we recorded a related fixed asset impairment charge of $4 million within asset impairments and exit costs.

As of September 30, 2016, the total held for sale assets and liabilities consisted of $139 million of current assets, $243 million of non-current assets, $39 million of current liabilities and $34 million of non-current liabilities.

During the nine months ended September 30, 2016, we also completed the following asset sales:

•

On August 26, 2016, we recorded a $7 million gain for the sale of a U.S.-owned biscuit trademark. The gain was recorded within selling, general and administrative expenses in the three and nine months ended September 30, 2016.

•

On May 2, 2016, we completed the sale of certain local biscuit brands in Finland as part of our strategic decisions to exit select small and local brands and shift investment towards our Power Brands. The sales price was €14 million ($16 million as of May 2, 2016) and we recorded a pre-tax gain of $6 million ($5 million after-tax) within selling, general and administrative expenses of our Europe segment in the nine months ended September 30, 2016. We divested $8 million of indefinite lived intangible assets and less than $1 million of other assets. We received cash proceeds of €12 million ($14 million as of May 2, 2016) upon closing and expect to receive the remaining consideration in the fourth quarter of 2016 upon the completion of post-closing conditions.

On August 12, 2016, we announced an agreement to purchase from Burton’s Biscuit Company the license that enables us to manufacture, market and sell Cadbury-branded biscuits around the world, including in the U.K., France, Ireland, North America and Saudi Arabia. The transaction remains subject to regulatory approval. We expect that this transaction will close in the fourth quarter of 2016.

During the third quarter of 2016, we completed the acquisition of a Vietnamese biscuit operation within our Asia Pacific segment. On July 15, 2015, we acquired an 80% interest in the biscuit operation and on August 22, 2016, we acquired the remaining 20% interest. Total cash paid for the biscuit operation, intellectual property, non-compete and consulting agreements less purchase price adjustments was 12,404 billion Vietnamese dong ($569 million using applicable exchange rates on July 15, 2015, November 27, 2015 and August 22, 2016). We have made and received 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 as of July 15, 2015) payment for the biscuit operation, a $44 million additional escrow deposit and a 759 billion Vietnamese dong ($35 million as of July 15, 2015) partial payment for the non-compete and continued consulting agreements.

•

On November 27, 2015, we received 197 billion Vietnamese dong ($9 million as of November 27, 2015) as a purchase price adjustment related to working capital adjustments at closing.

•

On August 22, 2016, in connection with acquiring the remaining 20% interest in the biscuit operation, we released escrowed funds of $70 million and retained an agreed $20 million related to two outstanding acquisition-related matters that are expected to be resolved in the upcoming year. We also made a final payment of 759 billion Vietnamese dong ($35 million as of August 22, 2016) for the non-compete and consulting agreements.

As of September 30, 2016, we have recorded a final allocation of the consideration paid including $10 million to inventory, $49 million to property, plant and equipment, $86 million of intangible assets, $385 million of goodwill and $31 million to other net liabilities. The allocation of the fair values had an immaterial impact on operating results in periods following the initial July 15, 2015 closing date. We recorded the non-compete and consulting agreements as prepaid contracts within other current and non-current assets and they are amortized into net earnings over the contract terms. For the nine months ended September 30, 2016, the acquisition added $71 million in incremental net revenues and $5 million in incremental operating income. For the three and nine months ended September 30, 2015, the acquisition added $70 million in incremental revenues and $16 million in incremental operating income. Within selling, general and administrative expenses, we recorded integration costs of $6 million for the nine months ended September 30, 2016 and $4 million for the three months and $5 million for the nine months ended September 30, 2015. We also recorded acquisition costs of $6 million for the three months and $7 million for the nine months ended September 30, 2015.

On April 23, 2015, we completed the divestiture of our 50% equity interest in AGF, our Japanese coffee joint venture, to our joint venture partner, which generated cash proceeds of 27 billion Japanese yen ($225 million as of April 23, 2015) and a pre-tax gain of $13 million (after-tax loss of $9 million) in the second quarter of 2015. 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. The operating results of the divestiture were not material to our condensed consolidated financial statements for the three and nine months ended September 30, 2015.

On February 16, 2015, we acquired a U.S. snack food 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 of 2015, we 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 for the three and nine months ended September 30, 2016 and 2015.

Sales of Property:

In the nine months ended September 30, 2016, we sold property within our North America segment and from our centrally held corporate assets. In the third quarter, we sold property in North America that generated cash proceeds of $10 million and a pre-tax gain of $6 million and we sold a corporate aircraft hangar that generated cash proceeds of $3 million and a pre-tax gain of $1 million. In the second quarter of 2016, we also sold separate property in North America that generated cash proceeds of $40 million and a pre-tax gain of $33 million and we sold a corporate aircraft that generated cash proceeds of $20 million and a pre-tax gain of $6 million. The gains were recorded within selling, general and administrative expenses and cash proceeds were recorded in cash flows from other investing activities in the nine months ended September 30, 2016.

Inventories

9 Months Ended

Sep. 30, 2016

Inventories

Note 3. Inventories

Inventories consisted of the following:


	As of September 30,			As of December 31,
	2016			2015
	(in millions)

Raw materials	$	819		$	782
Finished product		2,063			1,930


		2,882			2,712
Inventory reserves		(106	)		(103	)

Inventories, net	$	2,776		$	2,609

Property, Plant and Equipment

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment

Note 4. Property, Plant and Equipment Property, plant and equipment consisted of the following:
	As of September 30,			As of December 31,
	2016			2015
	(in millions)

Land and land improvements	$	502		$	495
Buildings and building improvements		2,872			2,753
Machinery and equipment		10,411			10,044
Construction in progress		1,383			1,262

		15,168			14,554
Accumulated depreciation		(6,703	)		(6,192	)

Property, plant and equipment, net	$	8,465		$	8,362

Capital expenditures of $909 million for the nine months ended September 30, 2016 exclude $274 million of accrued capital expenditures remaining unpaid at September 30, 2016 and include payment for $322 million of capital expenditures that were accrued and unpaid at December 31, 2015.

In connection with our restructuring program, we recorded non-cash asset write-downs (including accelerated depreciation and asset impairments) of $120 million in the three months and $233 million in the nine months ended September 30, 2016 and $56 million in the three months and $191 million in the nine months ended September 30, 2015 (see Note 6, 2014-2018 Restructuring Program). These charges were recorded in the condensed consolidated statements of earnings within asset impairment and exit costs as follows:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(in millions)

Latin America	$	3	$	6	$	16	$	40
Asia Pacific		6		18		24		46
EEMEA		10		2		16		4
Europe		42		14		77		51
North America		59		16		98		50
Corporate		–		–		2		–

Total non-cash asset write-downs	$	120	$	56	$	233	$	191

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets

Note 5. Goodwill and Intangible Assets

Goodwill by reportable segment was:


	As of September 30,			As of December 31,
	2016			2015
	(in millions)

Latin America	$	917		$	858
Asia Pacific		2,489			2,520
EEMEA		1,337			1,304
Europe		7,107			7,117
North America		8,901			8,865

Goodwill	$	20,751		$	20,664

Intangible assets consisted of the following:
	As of September 30,			As of December 31,
	2016			2015
	(in millions)

Non-amortizable intangible assets	$	17,603		$	17,527
Amortizable intangible assets		2,340			2,320


		19,943			19,847
Accumulated amortization		(1,222	)		(1,079	)

Intangible assets, net	$	18,721		$	18,768

Non-amortizable intangible assets consist principally of brand names purchased through our acquisitions of Nabisco Holdings Corp., the Spanish and Portuguese operations of United Biscuits, the global LU biscuit business of Groupe Danone S.A. and Cadbury Limited. Amortizable intangible assets consist primarily of trademarks, customer-related intangibles, process technology, licenses and non-compete agreements. At September 30, 2016, the weighted-average life of our amortizable intangible assets was 13.6 years. Amortization expense for intangible assets was $44 million in the three months and $132 million in the nine months ended September 30, 2016 and $45 million in the three months and $137 million in the nine months ended September 30, 2015. We currently estimate annual amortization expense for each of the next five years to be approximately $185 million, estimated using September 30, 2016 exchange rates. Changes in goodwill and intangible assets consisted of:
				Intangible
	Goodwill			Assets, at cost
	(in millions)

Balance at January 1, 2016	$	20,664		$	19,847
Changes due to:
Currency		163			48
Acquisition		(76	)		86
Asset impairments		–			(30	)
Sale of business and assets		–			(8	)

Balance at September 30, 2016	$	20,751		$	19,943

Changes to goodwill and intangibles were:

•

Acquisition – During the first nine months of 2016, in connection with the acquisition of a biscuit operation in Vietnam, we recorded a final allocation of the consideration paid including $25 million of amortizable intangible assets and $61 million of non-amortizable intangible assets. Intangible assets acquired included trademarks and customer-related intangibles with definite and indefinite lives. A preliminary goodwill balance recorded in the third quarter of 2015 was adjusted during the first nine months of 2016 to reflect intangible asset and other asset fair valuations. See Note 2, Divestitures and Acquisitions – Other Divestitures and Acquisitions, for additional information.

•

Asset impairments – During the nine months ended September 30, 2016, in connection with our global supply chain reinvention initiatives, we made a determination to discontinue manufacturing a candy product that resulted in a $7 million impairment charge in our North America segment, we discontinued one biscuit product that resulted in a $4 million intangible asset impairment charge in our EEMEA segment and we recorded $19 million of impairment charges related to two gum & candy trademarks in our Europe segment, both related to the planned sale of a confectionery business in France (see Note 2, Divestitures and Acquisitions – Other Divestitures and Acquisitions, for additional information).

•

Sale of business and assets – During the first nine months of 2016, we sold $8 million of non-amortizable intangible assets in Finland. See Note 2, Divestitures and Acquisitions, for additional information.

During our 2015 annual testing of non-amortizable intangible assets, we recorded $71 million of impairment charges in the three months ended December 31, 2015 related to four trademarks in Asia Pacific, Europe and Latin America. We also noted seven brands, including the four impaired trademarks, with $598 million of aggregate book value as of December 31, 2015 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.

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.

2014-2018 Restructuring Program

9 Months Ended

Sep. 30, 2016

Debt and Borrowing Arrangements

Note 6. 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. On August 31, 2016, our Board of Directors approved a reallocation within the program of $600 million of previously approved capital expenditures to be spent on restructuring program cash costs, resulting in $3.1 billion of cash costs to be expensed and up to $1.6 billion of capital expenditures. There was no change to the total $5.7 billion of total program costs and no change to the total $4.7 billion of cash outlays. 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. Since inception, we have incurred total restructuring and related implementation charges of $2.1 billion related to the 2014-2018 Restructuring Program. We have incurred the majority of the program’s charges through the third quarter of 2016 and we expect to complete the program by year-end 2018.

Restructuring Costs:

We recorded restructuring charges of $187 million in the three months and $480 million in the nine months ended September 30, 2016 and $146 million in the three months and $442 million in the nine months ended September 30, 2015 within asset impairment and exit costs. The activity for the 2014-2018 Restructuring Program liability for the nine months ended September 30, 2016 was:


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

Liability balance, January 1, 2016	$	395		$	–		$	395
Charges		246			234			480
Cash spent		(249	)		–			(249	)
Non-cash settlements / adjustments		(10	)		(234	)		(244	)
Currency		7			–			7

Liability balance, September 30, 2016	$	389		$	–		$	389

We spent $89 million in the three months and $249 million in the nine months ended September 30, 2016 and $51 million in the three months and $156 million in the nine months ended September 30, 2015 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 of $120 million in the three months and $244 million in the nine months ended September 30, 2016 and $56 million in the three months and $196 million in the nine months ended September 30, 2015. At September 30, 2016, $302 million of our net restructuring liability was recorded within other current liabilities and $87 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 $114 million in the three months and $286 million in the nine months ended September 30, 2016 and $75 million in the three months and $185 million in the nine months ended September 30, 2015. We recorded these costs within cost of sales and general corporate expense within selling, general and administrative expenses.

Restructuring and Implementation Costs in Operating Income:

During the three and nine months ended September 30, 2016 and 2015 and since inception of the 2014-2018 Restructuring Program, we recorded restructuring and implementation costs within operating income as follows:


	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America⁽¹⁾		Corporate⁽²⁾		Total
							(in millions)

For the Three Months Ended September 30, 2016
Restructuring Costs	$	27	$	10	$	6	$	69	$	75	$	–	$	187
Implementation Costs		15		7		2		45		30		15		114

Total	$	42	$	17	$	8	$	114	$	105	$	15	$	301


For the Nine Months Ended September 30, 2016
Restructuring Costs	$	71	$	51	$	37	$	172	$	144	$	5	$	480
Implementation Costs		34		18		13		74		101		46		286

Total	$	105	$	69	$	50	$	246	$	245	$	51	$	766


For the Three Months Ended September 30, 2015
Restructuring Costs	$	30	$	33	$	7	$	35	$	39	$	2	$	146
Implementation Costs		6		3		1		19		19		27		75

Total	$	36	$	36	$	8	$	54	$	58	$	29	$	221


For the Nine Months Ended September 30, 2015
Restructuring Costs	$	79	$	78	$	21	$	190	$	70	$	4	$	442
Implementation Costs		27		12		7		47		40		52		185

Total	$	106	$	90	$	28	$	237	$	110	$	56	$	627


Total Project 2014-2016 ⁽³⁾
Restructuring Costs	$	297	$	199	$	120	$	491	$	313	$	45	$	1,465
Implementation Costs		89		47		28		184		177		159		684

Total	$	386	$	246	$	148	$	675	$	490	$	204	$	2,149

(1)

During the nine months ended September 30, 2016, our North America region implementation costs included incremental costs that we incurred related to re-negotiating collective bargaining agreements that expired at the end of February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business. We expect to incur additional costs related to these activities in the fourth quarter of 2016.

(2)

Includes adjustment for rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through September 30, 2016.

Debt and Borrowing Arrangements

9 Months Ended

Sep. 30, 2016

Note 7. Debt and Borrowing Arrangements

Short-Term Borrowings:

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


	As of September 30, 2016				As of December 31, 2015
	Amount		Weighted-		Amount		Weighted-
	Outstanding		Average Rate		Outstanding		Average Rate
	(in millions)				(in millions)

Commercial paper	$	2,175		0.8%	$	–		0.0%
Bank loans		315		8.9%		236		9.5%

Total short-term borrowings	$	2,490			$	236

As of September 30, 2016, the commercial paper issued and outstanding had between 3 and 88 days remaining to maturity. Bank loans include borrowings on primarily uncommitted credit lines maintained by some of our international subsidiaries to meet short-term working capital needs.

Borrowing Arrangements:

We maintain a $4.5 billion multi-year senior unsecured revolving credit facility for general corporate purposes, including working capital needs, and to support our commercial paper program. On October 14, 2016, the revolving credit agreement, which was scheduled to expire on October 11, 2018, was extended through October 11, 2021. The revolving credit agreement includes a covenant that we maintain a minimum shareholders’ equity of at least $24.6 billion, excluding accumulated other comprehensive earnings / (losses) and the cumulative effects of any changes in accounting principles. At September 30, 2016, we complied with this covenant as our shareholders’ equity, as defined by the covenant, was $37.2 billion. The revolving credit facility agreement also contains customary representations, covenants and events of default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security. As of September 30, 2016, 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 $1.8 billion at September 30, 2016 and $1.9 billion at December 31, 2015. Borrowings on these lines amounted to $315 million at September 30, 2016 and $236 million at December 31, 2015.

Long-Term Debt:

On October 17, 2016, we announced a cash tender offer to retire some of our long-term debt. We expect to complete the tender in the fourth quarter of 2016. We have not yet determined the notes to be retired and the full impact to our operating results. We expect to finance the repurchase of these notes, including the payment of accrued interest and other costs incurred, from net proceeds received from the $3.75 billion note issuance, expected to close on October 28, 2016, and the term loans, both described below.

On October 19, 2016, Mondelez International Holdings Netherlands B.V. (“MIHN”), a wholly owned subsidiary of Mondelēz International, Inc., launched an offering of $3.75 billion of notes, guaranteed by Mondelēz International, Inc. The $1.75 billion of 1.625% notes and the $500 million of floating rate notes will mature on October 28, 2019 and the $1.5 billion of 2.0% notes will mature on October 28, 2021. On October 28, 2016, we expect to receive proceeds, net of discounts and associated financing costs, of $3.73 billion. Proceeds from the notes issuance will be used for general corporate purposes, including to grant loans or make distributions to Mondelēz International, Inc. or its subsidiaries to fund all or a portion of the October 2016 cash tender offer and near-term debt maturities. We expect to amortize deferred financing costs into interest expense over the life of the notes. We entered into cross-currency swaps, serving as cash flow hedges, so that the U.S. dollar-denominated debt payments will effectively be paid in euros over the life of the debt.

On October 14, 2016, MIHN executed a $1.5 billion bank term loan facility. The loan facility consists of two $750 million loans, one with a three-year maturity and the other with a five-year maturity. The term loans can be drawn at any time for 60 days after signing. On October 25, 2016, we gave notice of our intent to fully draw on the loan with a five-year maturity, and we expect funding to occur on October 28, 2016. Proceeds from the $750 million term loan may be used for general corporate purposes, including funding of the tender offer or other debt. On October 25, 2016, we also gave notice of our intent to terminate the $750 million loan with the three-year maturity.

On February 9, 2016, $1,750 million of our 4.125% U.S. dollar notes matured. The notes and accrued interest to date were paid with net proceeds from the fr.400 million Swiss franc-denominated notes issued on January 26, 2016 and the €700 million euro-denominated notes issued on January 21, 2016, as well as cash on hand and the issuance of commercial paper. As we refinanced $1,150 million of the matured notes with net proceeds from the long-term debt issued in January 2016, we reflected this amount within long-term debt as of December 31, 2015.

On January 26, 2016, we issued fr.400 million of Swiss franc-denominated notes, or $399 million in U.S. dollars locked in with a forward currency contract on January 12, 2016, consisting of:

•

fr.250 million (or $249 million) of 0.080% fixed rate notes that mature on January 26, 2018

•

fr.150 million (or $150 million) of 0.650% fixed rate notes that mature on July 26, 2022

We received proceeds, net of premiums and deferred financing costs, of $398 million that were used to partially fund the February 2016 note maturity and for other general corporate purposes. We recorded approximately $1 million of premiums and deferred financing costs, which will be amortized into interest expense over the life of the notes.

On January 21, 2016, we issued €700 million of euro-denominated 1.625% notes, or $760 million in U.S. dollars locked in with a forward currency contract on January 13, 2016. The euro-denominated notes will mature on January 20, 2023. We received proceeds, net of discounts and deferred financing costs, of $752 million that were used to partially fund the February 2016 note maturity and for other general corporate purposes. We recorded approximately $8 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 September 30, 2016, following the refinancing of the February 9, 2016 debt maturity. Our weighted-average interest rate on our total debt was 3.7% as of December 31, 2015, down from 4.3% as of December 31, 2014.

Fair Value of Our Debt:

The fair value of our short-term borrowings at September 30, 2016 and December 31, 2015 reflects current market interest rates and approximates the amounts we have recorded on our condensed consolidated balance sheet. The fair value of our long-term debt was determined using quoted prices in active markets (Level 1 valuation data) for the publicly traded debt obligations. At September 30, 2016, the aggregate fair value of our total debt was $18,616 million and its carrying value was $17,106 million. At December 31, 2015, the aggregate fair value of our total debt was $15,908 million and its carrying value was $15,398 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 Nine Months Ended
	September 30,					September 30,
	2016		2015			2016		2015
	(in millions)

Interest expense, debt	$	129	$	139		$	400	$	461
Loss on debt extinguishment and related expenses		–		–			–		713
JDE coffee business transactions currency-related net gain		–		(29	)		–		(436	)
Loss related to interest rate swaps		–		–			97		34
Other expense, net		16		4			43		42

Interest and other expense, net	$	145	$	114		$	540	$	814

See Note 2, Divestitures and Acquisitions, and Note 8, Financial Instruments, for information on the currency exchange forward contracts associated with the JDE 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 quarters of 2016 and 2015.

Financial Instruments

9 Months Ended

Sep. 30, 2016

Financial Instruments

Note 8. Financial Instruments

Fair Value of Derivative Instruments:

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


	As of September 30, 2016				As of December 31, 2015
	Asset		Liability		Asset		Liability
	Derivatives		Derivatives		Derivatives		Derivatives
	(in millions)

Derivatives designated as accounting hedges:
Currency exchange contracts	$	4	$	8	$	20	$	7
Commodity contracts		38		16		37		35
Interest rate contracts		10		16		12		57

	$	52	$	40	$	69	$	99


Derivatives not designated as accounting hedges:
Currency exchange contracts	$	14	$	57	$	61	$	33
Commodity contracts		52		47		70		56
Interest rate contracts		29		20		43		28

	$	95	$	124	$	174	$	117

Total fair value	$	147	$	164	$	243	$	216

During the first nine months of 2016 and 2015, derivatives designated as accounting hedges include cash flow and fair value hedges and derivatives not designated as accounting hedges include economic hedges. Non-U.S. dollar denominated debt designated as a hedge of our net investments in non-U.S. operations is not reflected in the table above, but is included in long-term debt summarized in Note 7, Debt and Borrowing Arrangements. 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.

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


	As of September 30, 2016
				Quoted Prices in
				Active Markets		Significant			Significant
	Total			for Identical		Other Observable			Unobservable
	Fair Value of Net			Assets		Inputs			Inputs
	Asset / (Liability)			(Level 1)		(Level 2)			(Level 3)
	(in millions)

Currency exchange contracts	$	(47	)	$	–	$	(47	)	$	–
Commodity contracts		27			17		10			–
Interest rate contracts		3			–		3			–

Total derivatives	$	(17	)	$	17	$	(34	)	$	–


	As of December 31, 2015
				Quoted Prices in
				Active Markets		Significant			Significant
	Total			for Identical		Other Observable			Unobservable
	Fair Value of Net			Assets		Inputs			Inputs
	Asset / (Liability)			(Level 1)		(Level 2)			(Level 3)
	(in millions)

Currency exchange contracts	$	41		$	–	$	41		$	–
Commodity contracts		16			29		(13	)		–
Interest rate contracts		(30	)		–		(30	)		–

Total derivatives	$	27		$	29	$	(2	)	$	–

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 $16 million as of September 30, 2016 and margin deposits of $22 million as of December 31, 2015 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 asset position, our counterparties would owe us a total of $32 million as of September 30, 2016 and $52 million as of December 31, 2015. For derivatives we have in a net liability position, we would owe less than $1 million as of September 30, 2016. As of December 31, 2015, there were no Level 1 derivatives in a net liability position.

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 $36 million as of September 30, 2016 and $101 million as of December 31, 2015, and for derivatives we have in a net asset position, our counterparties would owe us a total of $54 million as of September 30, 2016 and $64 million as of December 31, 2015. 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 September 30,		As of December 31,
	2016		2015
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	3,211	$	4,148
Forecasted transactions		1,318		1,094
Commodity contracts		654		732
Interest rate contracts		2,050		3,033
Net investment hedge – euro notes		5,280		4,345
Net investment hedge – pound sterling notes		1,236		1,404
Net investment hedge – Swiss franc notes		1,518		1,073

Cash Flow Hedges:

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


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Accumulated gain / (loss) at beginning of period	$	(36	)	$	(53	)	$	(45	)	$	(2	)
Transfer of realized losses / (gains) in fair value to earnings		(2	)		60			64			6
Unrealized gain / (loss) in fair value		4			(69	)		(53	)		(66	)

Accumulated gain / (loss) at end of period	$	(34	)	$	(62	)	$	(34	)	$	(62	)


After-tax gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into net earnings were:
	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Currency exchange contracts – forecasted transactions	$	(6	)	$	(11	)	$	(3	)	$	73
Commodity contracts		8			(49	)		(1	)		(53	)
Interest rate contracts		–			–			(60	)		(26	)

Total	$	2		$	(60	)	$	(64	)	$	(6	)


After-tax gains / (losses) recognized in other comprehensive earnings / (losses) were:
	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Currency exchange contracts – forecasted transactions	$	(11	)	$	8		$	(21	)	$	33
Commodity contracts		10			(38	)		19			(61	)
Interest rate contracts		5			(39	)		(51	)		(38	)

Total	$	4		$	(69	)	$	(53	)	$	(66	)

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

Within interest and other expense, net, we recorded pre-tax losses of $97 million in the first quarter of 2016 and $34 million in the first quarter of 2015 related to amounts excluded from effectiveness testing. These amounts relate to interest rate swaps no longer designated as cash flow hedges due to changes in financing plans. Due to lower overall costs and our decision to hedge a greater portion of our net investments in operations that use currencies other than the U.S. dollar as their functional currencies, our plans to issue U.S. dollar-denominated debt changed and we instead issued euro and Swiss franc-denominated notes in the current year first quarter, and euro, British pound sterling and Swiss franc-denominated notes in the prior-year first quarter. Amounts excluded from effectiveness testing were not material for the third quarter of 2016 and 2015.

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 gains of $11 million (net of taxes) for commodity cash flow hedges, unrealized losses of $11 million (net of taxes) for currency cash flow hedges and unrealized losses of less than $1 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months.

Hedge Coverage:

As of September 30, 2016, we hedged transactions forecasted to impact cash flows over the following periods:

•

commodity transactions for periods not exceeding the next 15 months;

•

interest rate transactions for periods not exceeding the next 7 years and 2 months; and

•

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

Fair Value Hedges:

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


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

Derivatives	$	(11	)	$	4		$	(2	)	$	8
Borrowings		11			(4	)		2			(8	)

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 Nine Months Ended						Gain / (Loss)
	September 30,						September 30,						Recognized
	2016			2015			2016			2015			in Earnings
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	7		$	8		$	18		$	22			Interest and other expense, net
Forecasted transactions		(14	)		43			(91	)		33			Cost of sales
Forecasted transactions		2			36			10			437			Interest and other expense, net
Forecasted transactions		4			5			16			(11	)		Selling, general and administrative expenses
Interest rate contracts		–			–			–			–			Interest and other expense, net
Commodity contracts		(13	)		(99	)		(26	)		(158	)		Cost of sales

Total	$	(14	)	$	(7	)	$	(73	)	$	323

In connection with the JDE coffee business transactions, we entered into a number of consecutive euro to U.S. dollar currency exchange forward contracts in 2015 to lock in an equivalent expected value in U.S. dollars. The mark-to-market gains and losses on the derivatives were recorded in earnings. We recorded net gains of $29 million for the three months and $436 million for the nine months ended September 30, 2015 within interest and other expense, net in connection with the forward contracts and the transferring of proceeds to our subsidiaries where coffee net assets and shares were deconsolidated. The currency hedge and related gains and losses were recorded within interest and other expense, net. See Note 2, Divestitures and Acquisitions — JDE Coffee Business Transactions, for additional information. 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:
													Location of
	For the Three Months Ended						For the Nine Months Ended						Gain / (Loss)
	September 30,						September 30,						Recognized in
	2016			2015			2016			2015			AOCI
	(in millions)

Euro notes	$	(38	)	$	(8	)	$	(110	)	$	188			Currency
Pound sterling notes		21			30			107			17			Translation
Swiss franc notes		(4	)		18			(33	)		(13	)		Adjustment

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Topic 815
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-Name Accounting Standards Codification
-Topic 815
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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+ Details

Benefit Plans

9 Months Ended

Sep. 30, 2016

Benefit Plans

Note 9. Benefit Plans

Pension Plans

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						For the Three Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

Service cost	$	15		$	16		$	37		$	44
Interest cost		15			16			57			77
Expected return on plan assets		(24	)		(23	)		(105	)		(120	)
Amortization:
Net loss from experience differences		12			11			31			33
Prior service cost / (credit)		–			–			–			–
Settlement losses and other expenses		9			2			–			–

Net periodic pension cost	$	27		$	22		$	20		$	34


	U.S. Plans						Non-U.S. Plans
	For the Nine Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

Service cost	$	42		$	48		$	114		$	145
Interest cost		46			50			179			231
Expected return on plan assets		(72	)		(70	)		(326	)		(358	)
Amortization:
Net loss from experience differences		30			33			93			110
Prior service cost / (credit)		1			1			(2	)		16
Settlement losses / (gains) and other expenses		25			15			(1	)		–

Net periodic pension cost	$	72		$	77		$	57		$	144

Net periodic pension cost decreased in the nine months ended September 30, 2016 due to a combination of factors, including a decreased number of plan participants, changes in discount rates, company contributions to the plans and a change in our approach to measuring service and interest costs. For 2015, we measured service and interest costs utilizing a single weighted-average discount rate derived from the yield curve used to measure the plan obligations. For 2016, we have elected to measure service and interest costs by applying the specific spot rates along that yield curve to the plans’ liability cash flows. We believe the new approach provides a more precise measurement of service and interest costs by aligning the timing of the plans’ liability cash flows to the corresponding spot rates on the yield curve. The impact of this change was a decrease in net periodic pension cost of approximately $16 million for the three months and $48 million for the nine months ended September 30, 2016. This change does not affect the measurement of our plan obligations. We have accounted for this change as a change in accounting estimate and, accordingly, have accounted for it on a prospective basis.

Net pension costs of our non-U.S. plans in the three and nine months ended September 30, 2016 were also favorably impacted by the reduction in our pension plan obligations due to the JDE coffee business transactions. Prior to the July 2, 2015 closing of the JDE coffee business transactions, certain active employees who transitioned to JDE participated in our non-U.S. pension plans. Following the transactions, benefits began to be provided directly by JDE to participants continuing with JDE. JDE assumed certain pension plan obligations and received the related plan assets. In 2015, we reduced our net benefit plan liabilities by $131 million and the related deferred tax assets by $24 million. Prior to the transactions, for the nine months ended September 30, 2015, amortization of prior service cost includes $17 million of pension curtailment losses related to employees who subsequently transitioned to JDE. Refer to Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, for more information. For participants that elected not to transfer into the JDE plans, we retained the plan obligations and related plan assets.

Settlement losses also include pension settlement losses for employees who elected lump-sum payments in connection with our 2014-2018 Restructuring Program. These settlement losses were $3 million for the three months and $12 million for the nine months ended September 30, 2016 and $1 million for the three months and $7 million for the nine months ended September 30, 2015. See Note 6, 2014-2018 Restructuring Program, for more information. We also recorded an additional $49 million of pension settlement losses in the nine months ended September 30, 2015 related to the JDE coffee business transactions within the gain on the JDE coffee business transactions.

Employer Contributions:

During the nine months ended September 30, 2016, we contributed $169 million (of which, $150 million was voluntarily contributed) to our U.S. plans and $329 million (of which, $100 million was a non-recurring contribution related to merging our and legacy Cadbury plans in the U.K.) to our non-U.S. plans. As of September 30, 2016, we plan to make further contributions of approximately $6 million to our U.S. plans and approximately $50 million to our non-U.S. plans during the remainder of 2016. 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 periodic postretirement health care costs consisted of the following:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

Service cost	$	3		$	4		$	9		$	11
Interest cost		6			5			16			17
Amortization:
Net loss from experience differences		2			3			5			10
Prior service credit ⁽¹⁾		(11	)		(1	)		(14	)		(5	)

Net periodic postretirement health care costs	$	–		$	11		$	16		$	33

(1) For the three and nine months ended September 30, 2016, amortization of prior service credit includes $8 million of curtailment gain related to a change in the eligibility requirement. Net periodic postretirement health care costs decreased in the three and nine months ended September 30, 2016 due to a combination of factors, including a decreased number of plan participants, changes in discount rates, company contributions to the plans and a change in our approach to measuring service and interest costs. For 2015, we measured service and interest costs utilizing a single weighted-average discount rate derived from the yield curve used to measure the plan obligations. For 2016, we elected to measure service and interest costs by applying the specific spot rates along that yield curve to the plans’ liability cash flows. We believe the new approach provides a more precise measurement of service and interest costs by aligning the timing of the plans’ liability cash flows to the corresponding spot rates on the yield curve. The impact of this change was a decrease in net periodic postretirement health care costs of approximately $1 million for the three months and $3 million for the nine months ended September 30, 2016. This change does not affect the measurement of our plan obligations. We have accounted for this change as a change in accounting estimate and, accordingly, have accounted for it on a prospective basis. Postemployment Benefit Plans Net periodic postemployment costs consisted of the following:
	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

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

Net periodic postemployment costs	$	3		$	3		$	9		$	9

Stock Plans

9 Months Ended

Sep. 30, 2016

Stock Plans

Note 10. Stock Plans

Stock Options:

Stock option activity is reflected below:


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

Balance at January 1, 2016		57,034,108		$	26.12		6 years	$	229 million

Annual grant to eligible employees		7,517,290			39.70
Additional options issued		97,680			43.32

Total options granted		7,614,970			39.75
Options exercised		(7,094,555	)		24.01			$	139 million
Options cancelled		(1,735,698	)		35.39

Balance at September 30, 2016		55,818,825			27.95		6 years	$	252 million

Deferred Stock Units, Performance Share Units and Restricted Stock: Historically we have made grants of deferred stock units, performance share units and restricted stock. Beginning in 2016, we only grant deferred stock units and performance share units and no longer grant restricted stock. Our deferred stock unit, performance share unit and restricted stock activity is reflected below:
						Weighted-Average		Weighted-Average
	Number of					Fair Value		Aggregate
	Shares			Grant Date		Per Share		Fair Value

Balance at January 1, 2016		9,418,216				$	28.00

Annual grant to eligible employees:					Feb. 22, 2016
Performance share units		1,406,500					39.70
Deferred stock units		1,040,790					39.70
Additional shares granted ⁽¹⁾		755,171			Various		29.51

Total shares granted		3,202,461					37.30	$	119 million
Vested ⁽²⁾		(3,903,681	)				40.13	$	157 million
Forfeited ⁽²⁾		(1,019,864	)				37.47

Balance at September 30, 2016		7,697,132					24.46

(1)

Includes performance share units and deferred stock units.

(2)

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

Share Repurchase Program:

During 2013, our Board of Directors authorized the repurchase of $7.7 billion of our Common Stock through December 31, 2016. 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 program, raising the authorization to $13.7 billion of Common Stock repurchases, and extended the program through December 31, 2018. Repurchases under the program are determined by management and are wholly discretionary. Prior to January 1, 2016, we had repurchased $8.2 billion of Common Stock pursuant to this authorization. During the nine months ended September 30, 2016, we repurchased 42.9 million shares of Common Stock at an average cost of $41.64 per share, or an aggregate cost of $1.8 billion, of which $1.7 billion was paid during the period. All share repurchases were funded through available cash and commercial paper issuances. As of September 30, 2016, we have $3.7 billion in remaining share repurchase capacity.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

Commitments and Contingencies

Commitments and Contingencies

9 Months Ended

Sep. 30, 2016

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. On February 11, 2016, we received a “Wells” notice from the SEC indicating that the staff has made a preliminary determination to recommend that the SEC file an enforcement action against us for violations of the books and records and internal controls provisions of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in connection with the investigation. On March 18, 2016, we made a submission to the staff of the SEC in response to the notice. We have engaged in discussions with the SEC and with the U.S. Department of Justice to discuss potential resolution of their respective investigations. We have not reached a settlement to resolve these investigations, and we are unable to predict when or if we can reach a mutually satisfactory resolution.

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 ($56 million as of September 30, 2016) 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 ($88 million as of September 30, 2016). We have appealed this order. In addition, the Excise Authority issued additional show cause notices on February 6, 2015 and December 8, 2015 on the same issue but covering the periods January to October 2014 and November 2014 to September 2015, respectively. These notices added a total of 2.4 billion Indian rupees ($36 million as of September 30, 2016) of unpaid excise taxes as well as penalties to be determined up to an amount equivalent to that claimed by the Excise Authority and interest. 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 that it was investigating activities related to the trading of December 2011 wheat futures contracts that occurred prior to the Spin-Off of Kraft Foods Group. We cooperated with the staff in its investigation. On April 1, 2015, the CFTC filed a complaint against Kraft Foods Group 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 Foods Group 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 Foods Group and Mondelēz Global from violating specified provisions of the Act; disgorgement of profits; and costs and fees. In December 2015, the court denied Mondelēz Global and Kraft Foods Group’s motion to dismiss the CFTC’s claims of market manipulation and attempted manipulation, and the parties are now in discovery. Additionally, several class action complaints were filed against Kraft Foods Group 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. In June 2015, these suits were consolidated in the Northern District of Illinois. In June 2016, the court denied Mondelēz Global and Kraft Foods Group’s motion to dismiss, and the parties are now in discovery. It is not possible to predict the outcome of these matters; however, based on our Separation and Distribution Agreement with Kraft Foods Group dated as of September 27, 2012, we expect to predominantly bear any monetary penalties or other payments 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 September 30, 2016, we had no material third-party guarantees recorded on our condensed consolidated balance sheet.

Reclassifications from Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2016

Reclassifications from Accumulated Other Comprehensive Income

Note 12. Reclassifications from Accumulated Other Comprehensive Income

The following table summarizes the changes in the accumulated balances of each component of accumulated other comprehensive earnings / (losses) attributable to Mondelēz International. Amounts reclassified from accumulated other comprehensive earnings / (losses) to net earnings (net of tax) were net losses of $28 million in the three months and $206 million for the nine months ended September 30, 2016 and $134 million in the three months and $172 million in the nine months ended September 30, 2015.


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(7,867	)	$	(6,438	)	$	(8,006	)	$	(5,042	)
Currency translation adjustments attributable to:
Translation of international operations ⁽¹⁾		52			(1,149	)		171			(2,749	)
Pension and other benefit plans		7			46			42			97
Derivatives accounted for as net investment hedges		(35	)		62			(58	)		303
Noncontrolling interests		(2	)		(6	)		(3	)		(22	)
Tax (expense) / benefit		13			(23	)		21			(111	)

Other comprehensive earnings / (losses)		35			(1,070	)		173			(2,482	)
Less: portion attributable to noncontrolling interests		(2	)		(6	)		(3	)		(22	)

Balance at end of period		(7,830	)		(7,502	)		(7,830	)		(7,502	)

Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,865	)	$	(2,201	)	$	(1,934	)	$	(2,274	)
Net actuarial gain / (loss) arising during period		–			127			24			99
Tax (expense) / benefit on net actuarial gain / (loss)		–			(40	)		(9	)		(35	)
Losses / (gains) reclassified into net earnings:
Amortization of experience losses and prior service costs ⁽²⁾		30			46			93			165
Settlement losses ⁽²⁾		10			51			25			64
Tax (expense) / benefit on reclassifications⁽³⁾		(10	)		(28	)		(34	)		(64	)

Other comprehensive earnings / (losses)		30			156			99			229

Balance at end of period		(1,835	)		(2,045	)		(1,835	)		(2,045	)

Derivative Cash Flow Hedges:
Balance at beginning of period	$	(36	)	$	(53	)	$	(46	)	$	(2	)
Net derivative gains / (losses)		6			(113	)		(78	)		(103	)
Tax (expense) / benefit on net derivative gain / (loss)		(2	)		39			25			36
Losses / (gains) reclassified into net earnings:
Currency exchange contracts – forecasted transactions ⁽⁴⁾		7			13			3			(79	)
Commodity contracts ⁽⁴⁾		(8	)		62			7			65
Interest rate contracts ⁽⁵⁾		–			–			96			41
Tax (expense) / benefit on reclassifications⁽³⁾		(1	)		(10	)		(41	)		(20	)

Other comprehensive earnings / (losses)		2			(9	)		12			(60	)

Balance at end of period		(34	)		(62	)		(34	)		(62	)

Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(9,768	)	$	(8,692	)	$	(9,986	)	$	(7,318	)
Total other comprehensive earnings / (losses)		67			(923	)		284			(2,313	)
Less: portion attributable to noncontrolling interests		(2	)		(6	)		(3	)		(22	)

Other comprehensive earnings / (losses) attributable to Mondelēz International		69			(917	)		287			(2,291	)

Balance at end of period	$	(9,699	)	$	(9,609	)	$	(9,699	)	$	(9,609	)

(1)

For the nine months ended September 30, 2016 includes $57 million of historical cumulative transaction adjustments reclassified to net earnings within the gain on equity method investment exchange in the first quarter. See Note 2, Divestitures and Acquisitions – Keurig Transaction.

(2)

These reclassified gains or losses are included in the components of net periodic benefit costs disclosed in Note 9, Benefit Plans, and equity method investment net earnings.

(3)

Taxes related to reclassified gains or losses are recorded within the provision for income taxes.

(4)

These reclassified gains or losses are recorded within cost of sales.

(5)

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

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.

Income Taxes

9 Months Ended

Sep. 30, 2016

Income Taxes

Note 13. Income Taxes

Based on current tax laws, our estimated annual effective tax rate for 2016 is 20.8%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions. Our 2016 third quarter effective tax rate of 7.2% includes net benefit from discrete one-time events of $60 million, mainly due to $35 million from expirations of statutes of limitations and favorable audit settlements in several jurisdictions and a $17 million benefit from the reduction of U.K. net deferred tax liabilities resulting from tax legislation enacted during 2016 Q3 that reduced the U.K. corporate income tax rate. Our effective tax rate for the nine months ended September 30, 2016 of 13.6% was favorably impacted by net tax benefit from $109 million of discrete one-time events. The discrete net tax benefit primarily consisted of benefits of $73 million due to expirations of statutes of limitations and favorable audit settlements in several jurisdictions and a $17 million benefit from the reduction of U.K. net deferred tax liabilities resulting from tax legislation enacted during the third quarter of 2016 that reduced the U.K. corporate income tax rate.

As of the third quarter of 2015, our estimated annual effective tax rate for 2015 was 23.1%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions. Our 2015 third quarter effective tax rate of 4.5% benefitted from the one-time third quarter sale of our coffee business that resulted in a pre-tax gain of $7,122 million and $197 million of related tax expense, as well as $21 million of tax costs incurred to remit proceeds up from lower-tier foreign subsidiaries to allow cash to be redeployed within our retained foreign operations. Other discrete one-time events, which partially offset the costs associated with the sale of our coffee business, of $40 million primarily related to favorable audit settlements and expirations of statutes of limitations in several jurisdictions. Our effective tax rate for the nine months ended September 30, 2015 of 6.5% was favorably impacted by the sale of our coffee business in the third quarter. Other significant discrete one-time events 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), and $75 million from favorable audit settlements and expirations of statutes of limitations in several jurisdictions.

Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share

Note 14. Earnings Per Share

Basic and diluted earnings per share (“EPS”) were calculated as follows:


	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2016		2015			2016			2015
	(in millions, except per share data)

Net earnings	$	548	$	7,268		$	1,576		$	8,007
Noncontrolling interest earnings		–		(2	)		(10	)		(11	)

Net earnings attributable to Mondelēz International	$	548	$	7,266		$	1,566		$	7,996

Weighted-average shares for basic EPS		1,557		1,609			1,561			1,627
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		19		20			18			19

Weighted-average shares for diluted EPS		1,576		1,629			1,579			1,646

Basic earnings per share attributable to Mondelēz International	$	0.35	$	4.52		$	1.00		$	4.91
Diluted earnings per share attributable to Mondelēz International	$	0.35	$	4.46		$	0.99		$	4.86

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options of 4.3 million for the three months and 7.7 million for the nine months ended September 30, 2016 and less than 1 million for the three months and 10.8 million for the nine months ended September 30, 2015.

Segment Reporting

9 Months Ended

Sep. 30, 2016

Segment Reporting

Note 15. Segment Reporting

We manufacture and market primarily snack food products, including biscuits (cookies, crackers and salted snacks), chocolate, gum & candy and various cheese & grocery products, as well as powdered beverage 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

•

EEMEA

•

Europe

•

North America

On October 1, 2016, we integrated our EEMEA business into our Europe and Asia Pacific segments. Russia, Ukraine, Turkey, Belarus, Georgia and Kazakhstan were combined within our Europe operating segment, while the remaining Middle East and African countries were combined within our Asia Pacific operating segment to form a new Asia, Middle East and Africa (“AMEA”) regional operating segment.

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. Our regional management teams have responsibility for the business, product categories and financial results in the regions.

Historically, we have recorded income from equity method investments within our operating income as these investments were part of our base business. Beginning in the third quarter of 2015, to align with the accounting for our new coffee equity method investment in JDE, we began to record the earnings from our equity method investments in equity method investment earnings outside of segment operating income. Within segment operating income, equity method investment net earnings were $56 million for the nine months ended September 30, 2015, including $49 million in Asia Pacific, $3 million in EEMEA and $4 million in North America. See Note 1, Basis of Presentation – Principles of Consolidation, and Note 2, Divestitures and Acquisitions, for additional information.

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, gain on the JDE coffee business transactions, loss on deconsolidation of Venezuela 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						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Net revenues:
Latin America ⁽¹⁾	$	868		$	1,233		$	2,528		$	3,730
Asia Pacific ⁽²⁾		1,128			1,101			3,278			3,278
EEMEA ⁽²⁾		543			586			1,738			2,150
Europe ⁽²⁾		2,104			2,173			6,461			7,963
North America		1,753			1,756			5,148			5,151

Net revenues	$	6,396		$	6,849		$	19,153		$	22,272

(1) Net revenues of $315 million for the three months and $834 million for the nine months ended September 30, 2015 from our Venezuelan subsidiaries are included in our condensed consolidated financial statements. Beginning in 2016, we account for our Venezuelan subsidiaries using the cost method of accounting and no longer include net revenues of our Venezuelan subsidiaries within our condensed consolidated financial statements. Refer to Note 1, Basis of Presentation – Currency Translation and Highly Inflationary Accounting: Venezuela, for more information. (2) On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. Net revenues of our global coffee business were $1,348 million in Europe, $246 million in EEMEA and $33 million in Asia Pacific for the nine months ended September 30, 2015. Refer to Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, for more information.
	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Earnings before income taxes:
Operating income:
Latin America	$	92		$	134		$	191		$	422
Asia Pacific		135			71			378			321
EEMEA		44			52			154			184
Europe		302			298			896			885
North America		274			275			840			817
Unrealized gains / (losses) on hedging activities (mark-to-market impacts)		(12	)		(4	)		(49	)		75
General corporate expenses		(89	)		(95	)		(216	)		(240	)
Amortization of intangibles		(44	)		(45	)		(132	)		(137	)
Gains on JDE coffee business transactions and divestiture		–			7,122			–			7,135
Acquisition-related costs		–			(6	)		–			(8	)

Operating income		702			7,802			2,062			9,454
Interest and other expense, net		(145	)		(114	)		(540	)		(814	)

Earnings before income taxes	$	557		$	7,688		$	1,522		$	8,640

Items impacting our segment operating results are discussed in Note 1, Basis of Presentation, including the Venezuela deconsolidation and currency devaluation, Note 2, Divestitures and Acquisitions, Note 5, Goodwill and Intangible Assets, and Note 6, 2014-2018 Restructuring Program. Also see Note 7, Debt and Borrowing Arrangements, 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 September 30, 2016
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	191	$	360	$	125	$	608	$	1,403	$	2,687
Chocolate		185		388		223		1,021		65		1,882
Gum & Candy		247		174		120		163		285		989
Beverages ⁽¹⁾		164		77		31		36		–		308
Cheese & Grocery		81		129		44		276		–		530

Total net revenues	$	868	$	1,128	$	543	$	2,104	$	1,753	$	6,396


	For the Three Months Ended September 30, 2015
	Latin		Asia						North
	America ⁽²⁾		Pacific		EEMEA		Europe ⁽³⁾		America		Total
	(in millions)

Biscuits	$	431	$	356	$	125	$	592	$	1,403	$	2,907
Chocolate		184		370		232		1,074		64		1,924
Gum & Candy		262		171		134		177		289		1,033
Beverages ⁽¹⁾		178		76		45		43		–		342
Cheese & Grocery		178		128		50		287		–		643

Total net revenues	$	1,233	$	1,101	$	586	$	2,173	$	1,756	$	6,849


	For the Nine Months Ended September 30, 2016
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	551	$	991	$	379	$	1,848	$	4,162	$	7,931
Chocolate		562		1,088		549		3,124		153		5,476
Gum & Candy		713		538		383		512		833		2,979
Beverages ⁽¹⁾		466		285		229		123		–		1,103
Cheese & Grocery		236		376		198		854		–		1,664

Total net revenues	$	2,528	$	3,278	$	1,738	$	6,461	$	5,148	$	19,153


	For the Nine Months Ended September 30, 2015
	Latin		Asia						North
	America ⁽²⁾		Pacific		EEMEA		Europe ⁽³⁾		America		Total
	(in millions)

Biscuits	$	1,147	$	940	$	396	$	1,828	$	4,161	$	8,472
Chocolate		680		1,074		627		3,204		161		5,746
Gum & Candy		852		550		418		558		829		3,207
Beverages ⁽¹⁾		570		324		502		1,493		–		2,889
Cheese & Grocery		481		390		207		880		–		1,958

Total net revenues	$	3,730	$	3,278	$	2,150	$	7,963	$	5,151	$	22,272

(1)

On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segment beverage categories. Net revenues of our global coffee business were $1,348 million in Europe, $246 million in EEMEA and $33 million in Asia Pacific for the nine months ended September 30, 2015. Refer to Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, for more information.

(2)

Our Venezuelan subsidiaries net revenues of $209 million in biscuits, $95 million in cheese & grocery, $6 million in beverages and $5 million in gum & candy for the three months and $496 million in biscuits, $231 million in cheese & grocery, $66 million in gum & candy and $41 million in beverages for the nine months ended September 30, 2015 are included in our condensed consolidated financial statements. Beginning in 2016, we account for our Venezuelan subsidiaries using the cost method of accounting and no longer include net revenues of our Venezuelan subsidiaries within our condensed consolidated financial statements. Refer to Note 1, Basis of Presentation – Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.

(3)

During 2016, we realigned some of our products across product categories primarily within our Europe segment and as such, we reclassified the product category net revenues on a basis consistent with the 2016 presentation.

Principles of Consolidation

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
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+ Details

Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2016

Basis of Presentation

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

Principles of Consolidation:

Currency Translation and Highly Inflationary Accounting

Currency Translation and Highly Inflationary Accounting:

The following table sets forth net revenues and operating income (including the impact of remeasurement losses) for our Venezuelan operations for the three and nine months ended September 30, 2015:


Venezuela operations		Three Months Ended September 30, 2015
Net revenues		$315 million or 4.6% of consolidated net revenues
Operating income		$73 million or 0.9% of consolidated operating income

		Nine Months Ended September 30, 2015
Net revenues		$834 million or 3.7% of consolidated net revenues
Operating income		$188 million or 2.0% of consolidated operating income

Transfers of Financial Assets

Transfers of Financial Assets:

Accounting Calendar Change

Accounting Calendar Change:

New Accounting Pronouncements

New Accounting Pronouncements:

Disclosure of accounting policy for transfers and servicing financial assets, including securitization transactions as well as repurchase and resale agreements. This disclosure may include how the entity (1) determines whether a transaction is accounted for as a sale; (2) accounts for a sale transaction, including the initial and subsequent accounting for any interests that the entity obtains or continues to hold in the transaction, how such interests are valued, and the significant assumptions used in the valuation; (3) accounts for a transaction that does not qualify for sale treatment (that is, a financing); and (4) accounts for its servicing assets and liabilities ("servicing"), including how such servicing is measured initially and subsequently, and the methodology and significant assumptions used to value such servicing.

Net Revenues and Operating Income for Venezuelan Operations

Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2016

The following table sets forth net revenues and operating income (including the impact of remeasurement losses) for our Venezuelan operations for the three and nine months ended September 30, 2015:


Venezuela operations		Three Months Ended September 30, 2015
Net revenues		$315 million or 4.6% of consolidated net revenues
Operating income		$73 million or 0.9% of consolidated operating income

		Nine Months Ended September 30, 2015
Net revenues		$834 million or 3.7% of consolidated net revenues
Operating income		$188 million or 2.0% of consolidated operating income

Inventories (Tables)

9 Months Ended

Sep. 30, 2016

Components of Inventories

Inventories consisted of the following:


	As of September 30,			As of December 31,
	2016			2015
	(in millions)

Raw materials	$	819		$	782
Finished product		2,063			1,930


		2,882			2,712
Inventory reserves		(106	)		(103	)

Inventories, net	$	2,776		$	2,609

Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2016

Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:
	As of September 30,			As of December 31,
	2016			2015
	(in millions)

Land and land improvements	$	502		$	495
Buildings and building improvements		2,872			2,753
Machinery and equipment		10,411			10,044
Construction in progress		1,383			1,262

		15,168			14,554
Accumulated depreciation		(6,703	)		(6,192	)

Property, plant and equipment, net	$	8,465		$	8,362

Schedule of Restructuring and Implementation Costs


	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America⁽¹⁾		Corporate⁽²⁾		Total
							(in millions)

For the Three Months Ended September 30, 2016
Restructuring Costs	$	27	$	10	$	6	$	69	$	75	$	–	$	187
Implementation Costs		15		7		2		45		30		15		114

Total	$	42	$	17	$	8	$	114	$	105	$	15	$	301


For the Nine Months Ended September 30, 2016
Restructuring Costs	$	71	$	51	$	37	$	172	$	144	$	5	$	480
Implementation Costs		34		18		13		74		101		46		286

Total	$	105	$	69	$	50	$	246	$	245	$	51	$	766


For the Three Months Ended September 30, 2015
Restructuring Costs	$	30	$	33	$	7	$	35	$	39	$	2	$	146
Implementation Costs		6		3		1		19		19		27		75

Total	$	36	$	36	$	8	$	54	$	58	$	29	$	221


For the Nine Months Ended September 30, 2015
Restructuring Costs	$	79	$	78	$	21	$	190	$	70	$	4	$	442
Implementation Costs		27		12		7		47		40		52		185

Total	$	106	$	90	$	28	$	237	$	110	$	56	$	627


Total Project 2014-2016 ⁽³⁾
Restructuring Costs	$	297	$	199	$	120	$	491	$	313	$	45	$	1,465
Implementation Costs		89		47		28		184		177		159		684

Total	$	386	$	246	$	148	$	675	$	490	$	204	$	2,149

(1)

(2)

Includes adjustment for rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through September 30, 2016.

Property Plant and Equipment | Asset impairment and exit costs

Schedule of Restructuring and Implementation Costs

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


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(in millions)

Latin America	$	3	$	6	$	16	$	40
Asia Pacific		6		18		24		46
EEMEA		10		2		16		4
Europe		42		14		77		51
North America		59		16		98		50
Corporate		–		–		2		–

Total non-cash asset write-downs	$	120	$	56	$	233	$	191

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Goodwill by Reportable Segment

Goodwill by reportable segment was:


	As of September 30,		As of December 31,
	2016		2015
	(in millions)

Latin America	$	917	$	858
Asia Pacific		2,489		2,520
EEMEA		1,337		1,304
Europe		7,107		7,117
North America		8,901		8,865

Goodwill	$	20,751	$	20,664

Intangible Assets Disclosure

Intangible assets consisted of the following:
	As of September 30,			As of December 31,
	2016			2015
	(in millions)

Non-amortizable intangible assets	$	17,603		$	17,527
Amortizable intangible assets		2,340			2,320


		19,943			19,847
Accumulated amortization		(1,222	)		(1,079	)

Intangible assets, net	$	18,721		$	18,768

Changes in Goodwill and Intangible Assets

Changes in goodwill and intangible assets consisted of:
				Intangible
	Goodwill			Assets, at cost
	(in millions)

Balance at January 1, 2016	$	20,664		$	19,847
Changes due to:
Currency		163			48
Acquisition		(76	)		86
Asset impairments		–			(30	)
Sale of business and assets		–			(8	)

Balance at September 30, 2016	$	20,751		$	19,943

2014-2018 Restructuring Program (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Restructuring Costs

The activity for the 2014-2018 Restructuring Program liability for the nine months ended September 30, 2016 was:


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

Liability balance, January 1, 2016	$	395		$	–		$	395
Charges		246			234			480
Cash spent		(249	)		–			(249	)
Non-cash settlements / adjustments		(10	)		(234	)		(244	)
Currency		7			–			7

Liability balance, September 30, 2016	$	389		$	–		$	389

Debt and Borrowing Arrangements (Tables)

9 Months Ended

Sep. 30, 2016

Short-Term Borrowings and Related Weighted-Average Interest Rates

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


	As of September 30, 2016				As of December 31, 2015
	Amount		Weighted-		Amount		Weighted-
	Outstanding		Average Rate		Outstanding		Average Rate
	(in millions)				(in millions)

Commercial paper	$	2,175		0.8%	$	–		0.0%
Bank loans		315		8.9%		236		9.5%

Total short-term borrowings	$	2,490			$	236

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 Nine Months Ended
	September 30,					September 30,
	2016		2015			2016		2015
	(in millions)

Interest expense, debt	$	129	$	139		$	400	$	461
Loss on debt extinguishment and related expenses		–		–			–		713
JDE coffee business transactions currency-related net gain		–		(29	)		–		(436	)
Loss related to interest rate swaps		–		–			97		34
Other expense, net		16		4			43		42

Interest and other expense, net	$	145	$	114		$	540	$	814

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value of Derivatives Instruments

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


	As of September 30, 2016				As of December 31, 2015
	Asset		Liability		Asset		Liability
	Derivatives		Derivatives		Derivatives		Derivatives
	(in millions)

Derivatives designated as accounting hedges:
Currency exchange contracts	$	4	$	8	$	20	$	7
Commodity contracts		38		16		37		35
Interest rate contracts		10		16		12		57

	$	52	$	40	$	69	$	99


Derivatives not designated as accounting hedges:
Currency exchange contracts	$	14	$	57	$	61	$	33
Commodity contracts		52		47		70		56
Interest rate contracts		29		20		43		28

	$	95	$	124	$	174	$	117

Total fair value	$	147	$	164	$	243	$	216

Notional Values of Derivative Instruments

The net notional values of our derivative instruments were:


	Notional Amount
	As of September 30,		As of December 31,
	2016		2015
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	3,211	$	4,148
Forecasted transactions		1,318		1,094
Commodity contracts		654		732
Interest rate contracts		2,050		3,033
Net investment hedge – euro notes		5,280		4,345
Net investment hedge – pound sterling notes		1,236		1,404
Net investment hedge – Swiss franc notes		1,518		1,073

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:
													Location of
	For the Three Months Ended						For the Nine Months Ended						Gain / (Loss)
	September 30,						September 30,						Recognized in
	2016			2015			2016			2015			AOCI
	(in millions)

Euro notes	$	(38	)	$	(8	)	$	(110	)	$	188			Currency
Pound sterling notes		21			30			107			17			Translation
Swiss franc notes		(4	)		18			(33	)		(13	)		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 September 30, 2016
				Quoted Prices in
				Active Markets		Significant			Significant
	Total			for Identical		Other Observable			Unobservable
	Fair Value of Net			Assets		Inputs			Inputs
	Asset / (Liability)			(Level 1)		(Level 2)			(Level 3)
	(in millions)

Currency exchange contracts	$	(47	)	$	–	$	(47	)	$	–
Commodity contracts		27			17		10			–
Interest rate contracts		3			–		3			–

Total derivatives	$	(17	)	$	17	$	(34	)	$	–


	As of December 31, 2015
				Quoted Prices in
				Active Markets		Significant			Significant
	Total			for Identical		Other Observable			Unobservable
	Fair Value of Net			Assets		Inputs			Inputs
	Asset / (Liability)			(Level 1)		(Level 2)			(Level 3)
	(in millions)

Currency exchange contracts	$	41		$	–	$	41		$	–
Commodity contracts		16			29		(13	)		–
Interest rate contracts		(30	)		–		(30	)		–

Total derivatives	$	27		$	29	$	(2	)	$	–

Cash Flow Hedges

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

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


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Accumulated gain / (loss) at beginning of period	$	(36	)	$	(53	)	$	(45	)	$	(2	)
Transfer of realized losses / (gains) in fair value to earnings		(2	)		60			64			6
Unrealized gain / (loss) in fair value		4			(69	)		(53	)		(66	)

Accumulated gain / (loss) at end of period	$	(34	)	$	(62	)	$	(34	)	$	(62	)

Schedule of Effects of Derivative Instruments

After-tax gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into net earnings were:
	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Currency exchange contracts – forecasted transactions	$	(6	)	$	(11	)	$	(3	)	$	73
Commodity contracts		8			(49	)		(1	)		(53	)
Interest rate contracts		–			–			(60	)		(26	)

Total	$	2		$	(60	)	$	(64	)	$	(6	)


After-tax gains / (losses) recognized in other comprehensive earnings / (losses) were:
	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Currency exchange contracts – forecasted transactions	$	(11	)	$	8		$	(21	)	$	33
Commodity contracts		10			(38	)		19			(61	)
Interest rate contracts		5			(39	)		(51	)		(38	)

Total	$	4		$	(69	)	$	(53	)	$	(66	)

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						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

Derivatives	$	(11	)	$	4		$	(2	)	$	8
Borrowings		11			(4	)		2			(8	)

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 Nine Months Ended						Gain / (Loss)
	September 30,						September 30,						Recognized
	2016			2015			2016			2015			in Earnings
	(in millions)

Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	7		$	8		$	18		$	22			Interest and other expense, net
Forecasted transactions		(14	)		43			(91	)		33			Cost of sales
Forecasted transactions		2			36			10			437			Interest and other expense, net
Forecasted transactions		4			5			16			(11	)		Selling, general and administrative expenses
Interest rate contracts		–			–			–			–			Interest and other expense, net
Commodity contracts		(13	)		(99	)		(26	)		(158	)		Cost of sales

Total	$	(14	)	$	(7	)	$	(73	)	$	323

Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2016

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						For the Three Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

Service cost	$	15		$	16		$	37		$	44
Interest cost		15			16			57			77
Expected return on plan assets		(24	)		(23	)		(105	)		(120	)
Amortization:
Net loss from experience differences		12			11			31			33
Prior service cost / (credit)		–			–			–			–
Settlement losses and other expenses		9			2			–			–

Net periodic pension cost	$	27		$	22		$	20		$	34


	U.S. Plans						Non-U.S. Plans
	For the Nine Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

Service cost	$	42		$	48		$	114		$	145
Interest cost		46			50			179			231
Expected return on plan assets		(72	)		(70	)		(326	)		(358	)
Amortization:
Net loss from experience differences		30			33			93			110
Prior service cost / (credit)		1			1			(2	)		16
Settlement losses / (gains) and other expenses		25			15			(1	)		–

Net periodic pension cost	$	72		$	77		$	57		$	144

Postretirement Benefit Plans

Components of Net Costs

Net periodic postretirement health care costs consisted of the following:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)

Service cost	$	3		$	4		$	9		$	11
Interest cost		6			5			16			17
Amortization:
Net loss from experience differences		2			3			5			10
Prior service credit ⁽¹⁾		(11	)		(1	)		(14	)		(5	)

Net periodic postretirement health care costs	$	–		$	11		$	16		$	33

(1) For the three and nine months ended September 30, 2016, amortization of prior service credit includes $8 million of curtailment gain related to a change in the eligibility requirement.

Postemployment Benefit Plans

Components of Net Costs

Net periodic postemployment costs consisted of the following:
	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(in millions)

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

Net periodic postemployment costs	$	3	$	3	$	9	$	9

Stock Plans (Tables)

9 Months Ended

Sep. 30, 2016

Stock Options Activity

Stock option activity is reflected below:


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

Balance at January 1, 2016		57,034,108		$	26.12		6 years	$	229 million

Annual grant to eligible employees		7,517,290			39.70
Additional options issued		97,680			43.32

Total options granted		7,614,970			39.75
Options exercised		(7,094,555	)		24.01			$	139 million
Options cancelled		(1,735,698	)		35.39

Balance at September 30, 2016		55,818,825			27.95		6 years	$	252 million

Deferred stock unit, performance share unit and restricted stock

Deferred Stock Unit, Performance Share Unit and Restricted Stock Activity

Our deferred stock unit, performance share unit and restricted stock activity is reflected below:
						Weighted-Average		Weighted-Average
	Number of					Fair Value		Aggregate
	Shares			Grant Date		Per Share		Fair Value

Balance at January 1, 2016		9,418,216				$	28.00

Annual grant to eligible employees:					Feb. 22, 2016
Performance share units		1,406,500					39.70
Deferred stock units		1,040,790					39.70
Additional shares granted ⁽¹⁾		755,171			Various		29.51

Total shares granted		3,202,461					37.30	$	119 million
Vested ⁽²⁾		(3,903,681	)				40.13	$	157 million
Forfeited ⁽²⁾		(1,019,864	)				37.47

Balance at September 30, 2016		7,697,132					24.46

(1)

Includes performance share units and deferred stock units.

(2)

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

Reclassifications from Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2016

Amounts Reclassified from Accumulated Other Comprehensive Earnings/ (Losses)

Amounts reclassified from accumulated other comprehensive earnings / (losses) to net earnings (net of tax) were net losses of $28 million in the three months and $206 million for the nine months ended September 30, 2016 and $134 million in the three months and $172 million in the nine months ended September 30, 2015.


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(7,867	)	$	(6,438	)	$	(8,006	)	$	(5,042	)
Currency translation adjustments attributable to:
Translation of international operations ⁽¹⁾		52			(1,149	)		171			(2,749	)
Pension and other benefit plans		7			46			42			97
Derivatives accounted for as net investment hedges		(35	)		62			(58	)		303
Noncontrolling interests		(2	)		(6	)		(3	)		(22	)
Tax (expense) / benefit		13			(23	)		21			(111	)

Other comprehensive earnings / (losses)		35			(1,070	)		173			(2,482	)
Less: portion attributable to noncontrolling interests		(2	)		(6	)		(3	)		(22	)

Balance at end of period		(7,830	)		(7,502	)		(7,830	)		(7,502	)

Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,865	)	$	(2,201	)	$	(1,934	)	$	(2,274	)
Net actuarial gain / (loss) arising during period		–			127			24			99
Tax (expense) / benefit on net actuarial gain / (loss)		–			(40	)		(9	)		(35	)
Losses / (gains) reclassified into net earnings:
Amortization of experience losses and prior service costs ⁽²⁾		30			46			93			165
Settlement losses ⁽²⁾		10			51			25			64
Tax (expense) / benefit on reclassifications⁽³⁾		(10	)		(28	)		(34	)		(64	)

Other comprehensive earnings / (losses)		30			156			99			229

Balance at end of period		(1,835	)		(2,045	)		(1,835	)		(2,045	)

Derivative Cash Flow Hedges:
Balance at beginning of period	$	(36	)	$	(53	)	$	(46	)	$	(2	)
Net derivative gains / (losses)		6			(113	)		(78	)		(103	)
Tax (expense) / benefit on net derivative gain / (loss)		(2	)		39			25			36
Losses / (gains) reclassified into net earnings:
Currency exchange contracts – forecasted transactions ⁽⁴⁾		7			13			3			(79	)
Commodity contracts ⁽⁴⁾		(8	)		62			7			65
Interest rate contracts ⁽⁵⁾		–			–			96			41
Tax (expense) / benefit on reclassifications⁽³⁾		(1	)		(10	)		(41	)		(20	)

Other comprehensive earnings / (losses)		2			(9	)		12			(60	)

Balance at end of period		(34	)		(62	)		(34	)		(62	)

Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(9,768	)	$	(8,692	)	$	(9,986	)	$	(7,318	)
Total other comprehensive earnings / (losses)		67			(923	)		284			(2,313	)
Less: portion attributable to noncontrolling interests		(2	)		(6	)		(3	)		(22	)

Other comprehensive earnings / (losses) attributable to Mondelēz International		69			(917	)		287			(2,291	)

Balance at end of period	$	(9,699	)	$	(9,609	)	$	(9,699	)	$	(9,609	)

(1)

(2)

These reclassified gains or losses are included in the components of net periodic benefit costs disclosed in Note 9, Benefit Plans, and equity method investment net earnings.

(3)

Taxes related to reclassified gains or losses are recorded within the provision for income taxes.

(4)

These reclassified gains or losses are recorded within cost of sales.

(5)

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

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Basic and Diluted Earnings Per Share

Basic and diluted earnings per share (“EPS”) were calculated as follows:


	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2016		2015			2016			2015
	(in millions, except per share data)

Net earnings	$	548	$	7,268		$	1,576		$	8,007
Noncontrolling interest earnings		–		(2	)		(10	)		(11	)

Net earnings attributable to Mondelēz International	$	548	$	7,266		$	1,566		$	7,996

Weighted-average shares for basic EPS		1,557		1,609			1,561			1,627
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		19		20			18			19

Weighted-average shares for diluted EPS		1,576		1,629			1,579			1,646

Basic earnings per share attributable to Mondelēz International	$	0.35	$	4.52		$	1.00		$	4.91
Diluted earnings per share attributable to Mondelēz International	$	0.35	$	4.46		$	0.99		$	4.86

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2016

Net Revenues and Earnings by Segment

Our segment net revenues were:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(in millions)
Net revenues:
Latin America ⁽¹⁾	$	868	$	1,233	$	2,528	$	3,730
Asia Pacific ⁽²⁾		1,128		1,101		3,278		3,278
EEMEA ⁽²⁾		543		586		1,738		2,150
Europe ⁽²⁾		2,104		2,173		6,461		7,963
North America		1,753		1,756		5,148		5,151

Net revenues	$	6,396	$	6,849	$	19,153	$	22,272

(1) Net revenues of $315 million for the three months and $834 million for the nine months ended September 30, 2015 from our Venezuelan subsidiaries are included in our condensed consolidated financial statements. Beginning in 2016, we account for our Venezuelan subsidiaries using the cost method of accounting and no longer include net revenues of our Venezuelan subsidiaries within our condensed consolidated financial statements. Refer to Note 1, Basis of Presentation – Currency Translation and Highly Inflationary Accounting: Venezuela, for more information. (2) On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. Net revenues of our global coffee business were $1,348 million in Europe, $246 million in EEMEA and $33 million in Asia Pacific for the nine months ended September 30, 2015. Refer to Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, for more information.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Our segment earnings were:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(in millions)
Earnings before income taxes:
Operating income:
Latin America	$	92		$	134		$	191		$	422
Asia Pacific		135			71			378			321
EEMEA		44			52			154			184
Europe		302			298			896			885
North America		274			275			840			817
Unrealized gains / (losses) on hedging activities (mark-to-market impacts)		(12	)		(4	)		(49	)		75
General corporate expenses		(89	)		(95	)		(216	)		(240	)
Amortization of intangibles		(44	)		(45	)		(132	)		(137	)
Gains on JDE coffee business transactions and divestiture		–			7,122			–			7,135
Acquisition-related costs		–			(6	)		–			(8	)

Operating income		702			7,802			2,062			9,454
Interest and other expense, net		(145	)		(114	)		(540	)		(814	)

Earnings before income taxes	$	557		$	7,688		$	1,522		$	8,640

Net Revenues by Consumer Sector

Net revenues by product category were:


	For the Three Months Ended September 30, 2016
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	191	$	360	$	125	$	608	$	1,403	$	2,687
Chocolate		185		388		223		1,021		65		1,882
Gum & Candy		247		174		120		163		285		989
Beverages ⁽¹⁾		164		77		31		36		–		308
Cheese & Grocery		81		129		44		276		–		530

Total net revenues	$	868	$	1,128	$	543	$	2,104	$	1,753	$	6,396


	For the Three Months Ended September 30, 2015
	Latin		Asia						North
	America ⁽²⁾		Pacific		EEMEA		Europe ⁽³⁾		America		Total
	(in millions)

Biscuits	$	431	$	356	$	125	$	592	$	1,403	$	2,907
Chocolate		184		370		232		1,074		64		1,924
Gum & Candy		262		171		134		177		289		1,033
Beverages ⁽¹⁾		178		76		45		43		–		342
Cheese & Grocery		178		128		50		287		–		643

Total net revenues	$	1,233	$	1,101	$	586	$	2,173	$	1,756	$	6,849


	For the Nine Months Ended September 30, 2016
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)

Biscuits	$	551	$	991	$	379	$	1,848	$	4,162	$	7,931
Chocolate		562		1,088		549		3,124		153		5,476
Gum & Candy		713		538		383		512		833		2,979
Beverages ⁽¹⁾		466		285		229		123		–		1,103
Cheese & Grocery		236		376		198		854		–		1,664

Total net revenues	$	2,528	$	3,278	$	1,738	$	6,461	$	5,148	$	19,153


	For the Nine Months Ended September 30, 2015
	Latin		Asia						North
	America ⁽²⁾		Pacific		EEMEA		Europe ⁽³⁾		America		Total
	(in millions)

Biscuits	$	1,147	$	940	$	396	$	1,828	$	4,161	$	8,472
Chocolate		680		1,074		627		3,204		161		5,746
Gum & Candy		852		550		418		558		829		3,207
Beverages ⁽¹⁾		570		324		502		1,493		–		2,889
Cheese & Grocery		481		390		207		880		–		1,958

Total net revenues	$	3,730	$	3,278	$	2,150	$	7,963	$	5,151	$	22,272

(1)

(2)

(3)

Basis of Presentation - Additional Information (Detail) $ in Millions			3 Months Ended			9 Months Ended		12 Months Ended
	Jun. 24, 2016	Dec. 16, 2015	Sep. 30, 2016 USD ($) Country	Sep. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Sep. 30, 2016 USD ($) Country	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Net revenues			$ 6,396	$ 6,849		$ 19,153	$ 22,272
Number of countries in which entity operates \| Country			80			80
Number of countries in which products are sold \| Country			165			165
Uncommitted revolving non-recourse accounts receivable factoring arrangements, maximum combined capacity			$ 820			$ 820
Cost of factoring receivables			2	1		6	4
Outstanding principal amount of receivables sold under factoring arrangement			$ 589	401		$ 589	401
Change in accounting policy effect of change on net revenue				19			57
Change in accounting policy effect of change on operating results				9			27
United Kingdom, Pounds
Summary Of Significant Accounting Policies [Line Items]
Devalued percentage against US Dollar	9.00%		5.00%
Argentina, Pesos
Summary Of Significant Accounting Policies [Line Items]
Devalued percentage against US Dollar		36.00%				18.00%
Venezuela
Summary Of Significant Accounting Policies [Line Items]
Net revenues				$ 315			$ 834
Percentage of consolidated net revenues				4.60%			3.70%
Loss on deconsolidation								$ (778)
Remeasurement losses					$ 11
United Kingdom
Summary Of Significant Accounting Policies [Line Items]
Net revenues			$ 505			$ 1,600
Percentage of consolidated net revenues			7.90%			8.40%
Argentina
Summary Of Significant Accounting Policies [Line Items]
Net revenues			$ 145			$ 439
Percentage of consolidated net revenues			2.30%			2.30%

Net Revenues and Operating income for Venezuelan Operations (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Financial Statement Line Items with Differences in Reported Amount and Reporting Currency Denominated Amounts [Line Items]
Net revenues	$ 6,396	$ 6,849	$ 19,153	$ 22,272
Operating income (including the impact of remeasurement losses)	$ 702	7,802	$ 2,062	9,454
Venezuela
Financial Statement Line Items with Differences in Reported Amount and Reporting Currency Denominated Amounts [Line Items]
Net revenues		$ 315		$ 834
Percentage of consolidated net revenues		4.60%		3.70%
Operating income (including the impact of remeasurement losses)		$ 73		$ 188
Percentage of consolidated operating income		0.90%		2.00%

Divestitures and Acquisitions - Additional Information (Detail)
€ in Millions, $ in Millions, ₫ in Billions, ¥ in Billions

1 Months Ended

3 Months Ended

6 Months Ended

7 Months Ended

9 Months Ended

12 Months Ended

15 Months Ended

Aug. 26, 2016

USD ($)

Aug. 22, 2016

USD ($)

Aug. 22, 2016

VND (₫)

Jul. 05, 2016

USD ($)

May 02, 2016

USD ($)

May 02, 2016

EUR (€)

Mar. 31, 2016

USD ($)

Mar. 07, 2016

USD ($)

Mar. 07, 2016

EUR (€)

Mar. 03, 2016

USD ($)

Dec. 18, 2015

USD ($)

Dec. 18, 2015

EUR (€)

Nov. 27, 2015

USD ($)

Nov. 27, 2015

VND (₫)

Jul. 15, 2015

USD ($)

Jul. 15, 2015

VND (₫)

Jul. 02, 2015

USD ($)

Jul. 02, 2015

EUR (€)

Apr. 23, 2015

USD ($)

Apr. 23, 2015

JPY (¥)

Feb. 16, 2015

USD ($)

Nov. 10, 2014

USD ($)

May 31, 2016

USD ($)

Jun. 30, 2017

USD ($)

Jun. 30, 2017

EUR (€)

Sep. 30, 2016

USD ($)

Sep. 30, 2016

EUR (€)

Jun. 30, 2016

USD ($)

Mar. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Sep. 30, 2015

USD ($)

Jun. 30, 2015

USD ($)

Jun. 30, 2016

Sep. 30, 2016

USD ($)

Sep. 30, 2016

USD ($)

Sep. 30, 2016

EUR (€)

Sep. 30, 2015

USD ($)

Dec. 31, 2015

USD ($)

Sep. 30, 2016

USD ($)

Sep. 30, 2016

VND (₫)

Jul. 19, 2016

EUR (€)

Jul. 02, 2015

EUR (€)

Gains on coffee business transactions and divestiture

$ 7,122

$ 7,135

Proceeds from coffee business divestiture currency hedge settlements

1,050

Equity method investments

$ 5,717

$ 5,387

$ 5,717

$ 5,387

$ 5,717

Net gain (loss) on coffee business divestiture currency hedges

436

Gain on equity method investment exchange

Equity method investment dividend received

(72)

218

(72)

Cash proceeds received

113

Disposal group including discontinued operation impairment of intangibles

20,751

20,664

20,751

20,664

20,751

6,396

6,849

19,153

22,272

Business acquisition costs

702

7,802

2,062

9,454

Enjoy Life Foods

Business combination, consideration transferred

$ 81

Cash paid for acquisition

$ 81

Intangible assets acquired

Other net assets (liabilities) acquired

$ 3

Vietnam

Cash paid for acquisition

569

₫ 12,404

Percentage of equity interest acquired

20.00%

80.00%

Escrow Deposit

$ 70

$ 44

$ 46

Cash paid for acquisition

418

₫ 9,122

Payment for the non-compete and continued consulting agreements

$ 35

₫ 759

$ 35

₫ 759

Vietnam acquisition sales price adjustment

$ 9

₫ 197

Remaining interest in biscuit operation to be acquired

20.00%

Escrowed retained amount

$ 20

Selling, general and administrative expenses | Vietnam

Business acquisition costs

Business integration costs

Europe And EEMEA segments | Selling, general and administrative expenses

239

7,107

7,117

7,107

7,117

7,107

^[1]

2,104

2,173

^[2]

6,461

7,963

^[2]

302

298

896

885

North America Segment

Disposal group including discontinued operation impairment of intangibles

8,901

8,865

8,901

8,865

8,901

1,753

1,756

5,148

5,151

Proceeds from sale of property

274

275

840

817

$ 40

North America Segment | Selling, general and administrative expenses

Corporate Segment | Corporate Aircraft

Gain on sale of property

Proceeds from sale of property

Corporate Segment | Selling, general and administrative expenses | Corporate Aircraft

Gain on sale of property

$ 6

Acorn Holdings BV

Percentage of equity interest acquired by other parties

73.50%

Japanese Coffee Joint Venture

Gain on equity method investment exchange

Sale of stock, percentage of ownership before transaction

50.00%

Divestiture of investment in joint venture

After-tax gain (loss) on equity method investment

Goodwill divested

Divested cumulative translation losses in connection with the sale

Proceeds from divestiture of interest

$ 225

¥ 27

Amount of expenses associated with business disposal

Discontinued Operations, Disposed of by Sale | FINLAND

Indefinite-lived Intangible assets, divested

$ 16

€ 14

Cash proceeds received

€ 12

Discontinued Operations, Disposed of by Sale | Europe Segment | Selling, general and administrative expenses | FINLAND

Pre-tax gain after transaction costs

Gain after transaction costs, net of tax

Discontinued Operations, Held-for-sale

Disposal group, including discontinued operation, other current assets

139

Disposal group, including discontinued operation, other non-current assets

243

Disposal group, including discontinued operation, other current liabilities

Disposal group, including discontinued operation, other non-current liabilities

Discontinued Operations, Held-for-sale | Cost of sales and selling, general and administrative expenses | FRANCE

Discontinued Operations, Held-for-sale | Confectionery Business in Costa Rica and Chocolate Factory in Belgium

Fixed asset impairment charge

€ 30

Discontinued Operations, Held-for-sale | Confectionery Business in Costa Rica and Chocolate Factory in Belgium | Cost of sales and selling, general and administrative expenses

Class A | Acorn Holdings BV

€ 29

Percentage of equity interest acquired by other parties

73.50%

73.22%

Class C,D and E | Acorn Holdings BV

Percentage of equity interest acquired by other parties

0.38%

Maximum | Discontinued Operations, Disposed of by Sale | FINLAND

Final Valuation | Vietnam

Other assets, divested

$ 1

Business acquisition, property, plant and equipment

Business acquisition, inventory

385

Intangible assets acquired

Other net assets (liabilities) acquired

Scenario, Forecast | FRANCE

$ 247

€ 220

Cash proceeds received

$ 198

€ 176

Trademarks

Disposal group including discontinued operation impairment of intangibles

Trademarks | Selling, general and administrative expenses | United States

Pre-tax gain after transaction costs

$ 7

Trademarks | Europe Segment | FRANCE

Disposal group including discontinued operation impairment of intangibles

$ 14

$ 5

Manufacturing Plant | Discontinued Operations, Held-for-sale | Russia

Fixed asset impairment charge

Tax Authority, Spain

Interest and penalties expected to be paid

€ 30

Derivatives Designated as Hedging Instruments | Currency Exchange Forward Contracts

Proceeds from coffee business divestiture currency hedge settlements

$ 1,000

Derivatives Designated as Hedging Instruments | Foreign Exchange Forward

Proceeds from coffee business divestiture currency hedge settlements

5,200

$ 1,000

Net gain (loss) on coffee business divestiture currency hedges

436

JDE Coffee Business

43.50%

Divestiture of business, receivable

$ 275

$ 4,200

€ 3,800

794

Cash and receivables recorded related to the reimbursement of costs incurred from separating a business

283

Gains on coffee business transactions and divestiture

7,100

6,800

Gains on coffee business transactions and divestiture, after tax

$ 6,600

Reduction in pre-tax gain on coffee business transactions and divestiture

$ 313

Equity method investments

$ 4,500

€ 4,100

JDE Coffee Business | Operating Income (Loss)

(3)

(105)

JDE Coffee Business | Tax Authority, Spain

296

Unfavorable tax expense

$ 128

€ 114

JDE

Equity method investment, pro rata share of capital increase

26.50%

26.40%

$ 544

€ 499

Stock-based compensation, dilution percentage

2.00%

Gain on equity method investment exchange

$ 43

JDE | Acorn Holdings BV

Carrying value of equity method investments exchanged

$ 2,000

€ 1,700

JDE | Class B

26.50%

26.40%

JDE | Minimum | Class B

26.27%

JDE | Non-cash

Equity method investment, pro rata share of capital increase

501

460

JDE | Cash

Equity method investment, pro rata share of capital increase

$ 43

€ 39

Keurig Green Mountain Inc.

Equity method investments

24.20%

$ 1,600

Equity method investments and shareholders loan receivable

2,000

Shareholder loan receivable

400

$ 400

Shareholder loan receivable, interest rate

5.50%

Shareholder loan receivable, loan term

7 years

Equity method investment dividend received

$ 53

Keurig Green Mountain Inc. | Equity Earnings

Keurig Green Mountain Inc. | Interest Income

Keurig Green Mountain Inc. | Acorn Holdings BV

$ 14

Business combination, consideration transferred

$ 13,900

Dongsuh Foods Corporation

Dongsuh Foods Corporation | Operating Income (Loss)

$ 11

$ 20

$ 56

$ 40

[1]	On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. Net revenues of our global coffee business were $1,348 million in Europe, $246 million in EEMEA and $33 million in Asia Pacific for the nine months ended September 30, 2015. Refer to Note 2, Divestitures and Acquisitions - JDE Coffee Business Transactions, for more information.
[2]	During 2016, we realigned some of our products across product categories primarily within our Europe segment and as such, we reclassified the product category net revenues on a basis consistent with the 2016 presentation.

Components of Inventories (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Inventory [Line Items]
Raw materials	$ 819	$ 782
Finished product	2,063	1,930
Inventory, Gross, Total	2,882	2,712
Inventory reserves	(106)	(103)
Inventories, net	$ 2,776	$ 2,609

Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 15,168	$ 14,554
Accumulated depreciation	(6,703)	(6,192)
Property, plant and equipment, net	8,465	8,362
Land and Land Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	502	495
Buildings and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,872	2,753
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,411	10,044
Construction in Progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,383	$ 1,262

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Line Items]
Capital expenditures			$ 909	$ 1,178
Accrued capital expenditures unpaid			274
Payments for capital expenditures accrued in the prior year			322
Asset impairment charges			262	195
2014-2018 Restructuring Program
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 120	$ 56	$ 233	$ 191

Summary of Asset Impairment and Exit Costs (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges			$ 262	$ 195
2014-2018 Restructuring Program
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	$ 120	$ 56	233	191
2014-2018 Restructuring Program \| Latin America Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	3	6	16	40
2014-2018 Restructuring Program \| Asia Pacific Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	6	18	24	46
2014-2018 Restructuring Program \| EEMEA Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	10	2	16	4
2014-2018 Restructuring Program \| Europe Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	42	14	77	51
2014-2018 Restructuring Program \| North America Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	$ 59	$ 16	98	$ 50
2014-2018 Restructuring Program \| Corporate Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges			$ 2

Goodwill by Reportable Segment (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Goodwill	$ 20,751	$ 20,664
Latin America Segment
Segment Reporting Information [Line Items]
Goodwill	917	858
Asia Pacific Segment
Segment Reporting Information [Line Items]
Goodwill	2,489	2,520
EEMEA Segment
Segment Reporting Information [Line Items]
Goodwill	1,337	1,304
Europe Segment
Segment Reporting Information [Line Items]
Goodwill	7,107	7,117
North America Segment
Segment Reporting Information [Line Items]
Goodwill	$ 8,901	$ 8,865

Intangible Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Intangible Assets [Line Items]
Non-amortizable intangible assets	$ 17,603	$ 17,527
Amortizable intangible assets	2,340	2,320
Total intangible assets, gross	19,943	19,847
Accumulated amortization	(1,222)	(1,079)
Intangible assets, net	$ 18,721	$ 18,768

Goodwill and Intangible Assets - Additional Information (Detail) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2016 USD ($)	Dec. 31, 2015 USD ($) Brand	Sep. 30, 2015 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($)	May 02, 2016 USD ($)
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense for intangible assets	$ 44		$ 45	$ 132	$ 137
Estimated amortization expense in year 1	185			185
Estimated amortization expense in year 2	185			185
Estimated amortization expense in year 3	185			185
Estimated amortization expense in year 4	185			185
Estimated amortization expense in year 5	185			185
Asset impairment charges on intangible assets				30
Number of brands \| Brand		7
Intangible asset, aggregate book value	17,603	$ 17,527		17,603
Fair Value Over Book Value 10% or Less
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible asset, aggregate book value		598
Vietnam
Goodwill and Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets acquired				25
Indefinite-lived intangible assets acquired				61
Discontinued Operations, Disposed of by Sale \| FINLAND
Goodwill and Intangible Assets Disclosure [Line Items]
Indefinite-lived Intangible assets, divested	$ 8			8		$ 8
North America Segment
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges on intangible assets				7
EEMEA Segment
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges on intangible assets				4
Trademarks
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges on intangible assets		$ 71
Trademarks \| Planned Sale of Confectionery Business in France \| Europe Segment
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges on intangible assets				$ 19
Weighted Average
Goodwill and Intangible Assets Disclosure [Line Items]
Life of our amortizable intangible assets (in years)				13 years 7 months 6 days

Changes in Goodwill and Intangible Assets (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2016 USD ($)
Goodwill And Intangible Assets [Line Items]
Goodwill beginning balance	$ 20,664
Goodwill, Currency	163
Goodwill, Acquisition	(76)
Goodwill, Asset impairments	0
Goodwill, Sale of business and assets	0
Goodwill ending balance	20,751
Intangible Assets, at Cost beginning balance	19,847
Intangible Assets, Currency	48
Intangible Assets, Acquisition	86
Intangible Assets, Asset impairments	(30)
Intangible Assets, Sale of business and assets	(8)
Intangible Assets, at Cost ending balance	$ 19,943

2014-2018 Restructuring Program - Additional Information (Detail) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

29 Months Ended

Aug. 31, 2016

May 06, 2014

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Dec. 31, 2015

Capital expenditures

$ 909

$ 1,178

Reallocation of previously approved capital expenditures to be spent on restructuring program cash costs

$ 5,700

$ 3,500

600

Restructuring and related cost, cost incurred

$ 301

$ 221

766

627

$ 2,149

^[1]

Restructuring charges

187

146

480

442

1,465

^[1]

Cash spent

249

156

Non-cash settlements

120

244

196

Restructuring reserve

389

$ 395

2014-2018 Restructuring Program | Maximum

114

286

185

684

^[1]

2014-2018 Restructuring Program | Selling, general and administrative expenses

Capital expenditures

1,600

2,200

2014-2018 Restructuring Program | Other current liabilities

114

$ 75

286

$ 185

2014-2018 Restructuring Program | Other liabilities

Restructuring reserve

302

2014-2018 Restructuring Program | Cash Expense

Restructuring reserve

$ 87

2014-2018 Restructuring Program | Non Cash Expense

3,100

2,500

2014-2018 Restructuring Program | Cash Outlays

$ 1,000

$ 4,700

[1]	Includes all charges recorded since program inception on May 6, 2014 through September 30, 2016.

Schedule of Restructuring Costs (Detail) - 2014-2018 Restructuring Program - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

29 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Balance at beginning of period

$ 395

Charges

$ 187

$ 146

480

$ 442

$ 1,465

^[1]

Cash spent

(89)

(51)

(249)

(156)

Non-cash settlements / adjustments

(120)

$ (56)

(244)

$ (196)

Currency

Balance at end of period

389

Severance and Related Costs

Balance at beginning of period

395

Charges

246

Cash spent

(249)

Non-cash settlements / adjustments

(10)

Currency

Balance at end of period

$ 389

389

$ 389

Asset Write-Downs

Non-cash settlements / adjustments

Charges

234

$ (234)

[1]	Includes all charges recorded since program inception on May 6, 2014 through September 30, 2016.

Restructuring and Implementation Costs (Detail) - 2014-2018 Restructuring Program - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

29 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

^[1]

$ 187

$ 146

$ 480

$ 442

$ 1,465

114

286

185

684

Operating Segments | Latin America Segment

301

221

766

627

2,149

297

Operating Segments | Asia Pacific Segment

105

106

386

199

Operating Segments | EEMEA Segment

246

120

Operating Segments | Europe Segment

148

172

190

491

184

Operating Segments | North America Segment

114

246

237

675

^[2]

144

313

^[2]

101

177

^[2]

105

245

110

490

Corporate

^[3]

^[3]

159

Defined Benefit Plan Disclosure [Line Items]

^[3]

$ 15

$ 29

$ 51

$ 56

$ 204

[1]	Includes all charges recorded since program inception on May 6, 2014 through September 30, 2016.
[2]	During the nine months ended September 30, 2016, our North America region implementation costs included incremental costs that we incurred related to re-negotiating collective bargaining agreements that expired at the end of February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business. We expect to incur additional costs related to these activities in the fourth quarter of 2016.
[3]	Includes adjustment for rounding.

Short-Term Borrowings and Related Weighted-Average Interest Rates (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Amount outstanding	$ 2,490	$ 236
Commercial Paper
Short-term Debt [Line Items]
Amount outstanding	$ 2,175
Weighted-average rate	0.80%	0.00%
Bank Loans
Short-term Debt [Line Items]
Amount outstanding	$ 315	$ 236
Weighted-average rate	8.90%	9.50%

Debt and Borrowing Arrangements - Additional Information (Detail) € in Millions, SFr in Millions							9 Months Ended
	Oct. 28, 2016 USD ($)	Oct. 19, 2016 USD ($)	Oct. 14, 2016 USD ($)	Feb. 09, 2016 USD ($)	Jan. 26, 2016 USD ($)	Jan. 21, 2016 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($)	Jan. 31, 2016 USD ($)	Jan. 26, 2016 CHF (SFr)	Jan. 21, 2016 EUR (€)	Dec. 31, 2015 USD ($)	Dec. 31, 2014
Debt Instrument [Line Items]
Revolving credit facility debt covenant							$ 24,600,000,000
Carrying value of total debt							17,106,000,000					$ 15,398,000,000
Debt instrument, principal amount							$ 1,757,000,000	$ 4,543,000,000
Weighted-average interest rate							3.10%					3.70%	4.30%
Fair value of total debt							$ 18,616,000,000					$ 15,908,000,000
International Subsidiaries
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity							1,800,000,000					1,900,000,000
Line of credit facility outstanding amount							$ 315,000,000					$ 236,000,000
Commercial Paper \| Minimum
Debt Instrument [Line Items]
Commercial paper, Maturity period							3 days
Commercial Paper \| Maximum
Debt Instrument [Line Items]
Commercial paper, Maturity period							88 days
Revolving Credit Facility, October 11, 2018
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity							$ 4,500,000,000
Revolving credit facility expiration date							Oct. 11, 2018
Revolving credit facility debt covenant terms							Minimum shareholders' equity of at least $24.6 billion, excluding accumulated other comprehensive earnings / (losses) and the cumulative effects of any changes in accounting principles.
Revolving credit facility debt covenant compliance							At September 30, 2016, we complied with this covenant
Total shareholders' equity, excluding accumulated other comprehensive earnings / (losses)							$ 37,200,000,000
Line of credit facility outstanding amount							$ 0
Revolving Credit Facility, October 11, 2018 \| Subsequent Event
Debt Instrument [Line Items]
Revolving credit facility expiration date			Oct. 11, 2021
Bank Term Loan Facility \| Subsequent Event
Debt Instrument [Line Items]
Carrying value of total debt			$ 1,500,000,000
Bank Term Loan Facility \| Three-year maturity
Debt Instrument [Line Items]
Debt instrument, description							On October 25, 2016, we also gave notice of our intent to terminate the $750 million loan with the three-year maturity.
Bank Term Loan Facility \| Three-year maturity \| Subsequent Event
Debt Instrument [Line Items]
Carrying value of total debt			$ 750,000,000
Debt instrument, maturity term			3 years
Bank Term Loan Facility \| Five-year maturity \| Subsequent Event
Debt Instrument [Line Items]
Carrying value of total debt			$ 750,000,000
Debt instrument, maturity term			5 years
4.125% U.S. dollar Notes
Debt Instrument [Line Items]
Debt instrument, principal amount									$ 1,150,000,000
Debt instrument, stated interest rate				4.125%
Debt instrument, principal amount				$ 1,750,000,000
Swiss franc notes
Debt Instrument [Line Items]
Debt instrument, principal amount					$ 399,000,000					SFr 400
Net proceeds from issuance of notes					398,000,000
Discounts and deferred financing costs					1,000,000
Euro notes
Debt Instrument [Line Items]
Debt instrument, principal amount \| €											€ 700
0.080% Fixed Rate Notes, mature on January 26, 2018
Debt Instrument [Line Items]
Debt instrument, principal amount					$ 249,000,000					SFr 250
Debt instrument maturity Year					Jan. 26, 2018
Debt instrument, fixed interest rate					0.08%					0.08%
0.650% Fixed Rate Notes, mature on July 26, 2022
Debt Instrument [Line Items]
Debt instrument, principal amount					$ 150,000,000					SFr 150
Debt instrument maturity Year					Jul. 26, 2022
Debt instrument, fixed interest rate					0.65%					0.65%
1.625% Notes Due 2023
Debt Instrument [Line Items]
Debt instrument, principal amount						$ 760,000,000					€ 700
Debt instrument, stated interest rate						1.625%					1.625%
Debt instrument maturity Year						Jan. 20, 2023
Net proceeds from issuance of notes						$ 752,000,000
Discounts and deferred financing costs						$ 8,000,000
Notes \| Mondelez International Holdings Netherlands BV \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, principal amount		$ 3,750,000,000
Notes \| Mondelez International Holdings Netherlands BV \| Scenario, Forecast
Debt Instrument [Line Items]
Net proceeds from issuance of notes	$ 3,730,000,000
1.625% Notes Due on October 28, 2019 \| Mondelez International Holdings Netherlands BV \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, principal amount		$ 1,750,000,000
Debt instrument, stated interest rate		1.625%
Debt instrument maturity Year		Oct. 28, 2019
Floating Rate Notes Due on October 28, 2019 \| Mondelez International Holdings Netherlands BV \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, principal amount		$ 500,000,000
Debt instrument maturity Year		Oct. 28, 2019
2.0% Notes Due on October 28, 2021 \| Mondelez International Holdings Netherlands BV \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, principal amount		$ 1,500,000,000
Debt instrument, stated interest rate		2.00%
Debt instrument maturity Year		Oct. 28, 2021

Interest and Other Expense Net Within Results of Continuing Operations (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Debt Instrument [Line Items]
Interest expense, debt	$ 129	$ 139	$ 400	$ 461
Loss on debt extinguishment and related expenses				713
JDE coffee business transactions currency-related net gain				(436)
Loss related to interest rate swaps			97	34
Other expense, net	16	4	43	42
Interest and other expense, net	$ 145	114	$ 540	814
Coffee Business
Debt Instrument [Line Items]
JDE coffee business transactions currency-related net gain		$ (29)		$ (436)

Fair Value of Derivative Instruments (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 147	$ 243
Liability Derivatives	164	216
Derivatives Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	52	69
Liability Derivatives	40	99
Derivatives Designated as Hedging Instruments \| Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	4	20
Liability Derivatives	8	7
Derivatives Designated as Hedging Instruments \| Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	38	37
Liability Derivatives	16	35
Derivatives Designated as Hedging Instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	10	12
Liability Derivatives	16	57
Derivatives Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	95	174
Liability Derivatives	124	117
Derivatives Not Designated as Hedging Instruments \| Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	14	61
Liability Derivatives	57	33
Derivatives Not Designated as Hedging Instruments \| Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	52	70
Liability Derivatives	47	56
Derivatives Not Designated as Hedging Instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	29	43
Liability Derivatives	$ 20	$ 28

Derivative Instruments Fair Value and Measurement Inputs (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Derivative fair value net asset (liability)	$ (17)	$ 27
Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(47)	41
Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	27	16
Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	3	(30)
Quoted Prices In Active Markets For Identical Assets (Level 1)
Derivative [Line Items]
Derivative fair value net asset (liability)	17	29
Quoted Prices In Active Markets For Identical Assets (Level 1) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	17	29
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Derivative fair value net asset (liability)	(34)	(2)
Significant Other Observable Inputs (Level 2) \| Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(47)	41
Significant Other Observable Inputs (Level 2) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	10	(13)
Significant Other Observable Inputs (Level 2) \| Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 3	$ (30)

Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended			9 Months Ended
	Mar. 31, 2016	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Loss related to interest rate swaps				$ (97,000,000)	$ (34,000,000)
Unrealized gains recorded in earnings related to planned coffee business transactions					436,000,000
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions				7 years 2 months
Interest rate contracts \| Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Loss related to interest rate swaps	$ (97,000,000)		$ (34,000,000)
Interest rate contracts \| Cash Flow Hedges \| Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months				$ (1,000,000)
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions				15 months
Commodity contracts \| Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months				$ 11,000,000
Currency exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions				15 months
Currency exchange contracts \| Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months				$ (11,000,000)
Interest and other expense, net \| Foreign Exchange Forward \| Economic Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains recorded in earnings related to planned coffee business transactions		$ 29,000,000			$ 436,000,000
Quoted Prices In Active Markets For Identical Assets (Level 1)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities after effects of netting						$ 0
Quoted Prices In Active Markets For Identical Assets (Level 1) \| Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities after effects of netting				1,000,000
Quoted Prices In Active Markets For Identical Assets (Level 1) \| Exchange Traded Options
Derivative Instruments, Gain (Loss) [Line Items]
Derivative assets after effects of netting				32,000,000		52,000,000
Quoted Prices In Active Markets For Identical Assets (Level 1) \| Exchange Traded Options \| Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Margin deposits related to exchange traded derivatives				16,000,000		22,000,000
Significant Other Observable Inputs (Level 2)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative assets after effects of netting				54,000,000		64,000,000
Derivative liabilities after effects of netting				$ 36,000,000		$ 101,000,000

Notional Values of Derivative Instruments (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Net investment hedge \| Euro notes
Derivative [Line Items]
Notional Amount	$ 5,280	$ 4,345
Net investment hedge \| Pound sterling notes
Derivative [Line Items]
Notional Amount	1,236	1,404
Net investment hedge \| Swiss franc notes
Derivative [Line Items]
Notional Amount	1,518	1,073
Currency exchange contracts \| Intercompany loans and forecasted interest payments
Derivative [Line Items]
Notional Amount	3,211	4,148
Currency exchange contracts \| Forecasted transactions
Derivative [Line Items]
Notional Amount	1,318	1,094
Commodity contracts
Derivative [Line Items]
Notional Amount	654	732
Interest rate contracts
Derivative [Line Items]
Notional Amount	$ 2,050	$ 3,033

Schedule of Cash Flow Hedges Effect on Accumulated Other Comprehensive Income, Net of Taxes (Detail) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated gain / (loss) at beginning of period	$ (36)	$ (53)	$ (45)	$ (2)
Transfer of realized losses / (gains) in fair value to earnings	(2)	60	64	6
Unrealized gain / (loss) in fair value	4	(69)	(53)	(66)
Accumulated gain / (loss) at end of period	$ (34)	$ (62)	$ (34)	$ (62)

Effects of Cash Flow Hedges (Detail) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	$ 2	$ (60)	$ (64)	$ (6)
Gains / (losses) recognized in OCI	4	(69)	(53)	(66)
Currency exchange contracts \| Forecasted transactions
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	(6)	(11)	(3)	73
Gains / (losses) recognized in OCI	(11)	8	(21)	33
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	8	(49)	(1)	(53)
Gains / (losses) recognized in OCI	10	(38)	19	(61)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings			(60)	(26)
Gains / (losses) recognized in OCI	$ 5	$ (39)	$ (51)	$ (38)

Fair Value Hedges (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Fair Value Hedges (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (loss) recognized in income on fair value of hedges	$ (11)	$ 4	$ (2)	$ 8
Long-term Debt
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (loss) recognized in income on fair value of hedges	$ 11	$ (4)	$ 2	$ (8)

Economic Hedges (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Economic Hedges (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings				$ 436
Derivatives Not Designated as Hedging Instruments \| Economic Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	$ (14)	$ (7)	$ (73)	323
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Commodity contracts \| Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	(13)	(99)	(26)	(158)
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Intercompany loans and forecasted interest payments \| Currency exchange contracts \| Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	7	8	18	22
Derivatives Not Designated as Hedging Instruments \| Economic Hedging \| Forecasted transactions \| Currency exchange contracts \| Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	2	36	10	437
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	(14)	43	(91)	33
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	$ 4	$ 5	$ 16	$ (11)

Hedges of Net Investments in International Operations (Detail) - Net investment hedge - Currency Translation Adjustments - Currency exchange contracts - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Euro notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	$ (38)	$ (8)	$ (110)	$ 188
Pound sterling notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	21	30	107	17
Swiss franc notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	$ (4)	$ 18	$ (33)	$ (13)

Components of Net Periodic Pension Cost (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 15	$ 16	$ 42	$ 48
Interest cost	15	16	46	50
Expected return on plan assets	(24)	(23)	(72)	(70)
Net loss from experience differences	12	11	30	33
Prior service cost / (credit)			1	1
Settlement losses / (gains) and other expenses	9	2	25	15
Net periodic pension cost	27	22	72	77
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	37	44	114	145
Interest cost	57	77	179	231
Expected return on plan assets	(105)	(120)	(326)	(358)
Net loss from experience differences	31	33	93	110
Prior service cost / (credit)			(2)	16
Settlement losses / (gains) and other expenses			(1)
Net periodic pension cost	$ 20	$ 34	$ 57	$ 144

Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Pension curtailment losses	$ 8		$ 8
2014-2018 Restructuring Program \| Severance and Related Costs
Defined Benefit Plan Disclosure [Line Items]
Settlement losses	(3)	$ (1)	(12)	$ (7)
JDE Coffee Business
Defined Benefit Plan Disclosure [Line Items]
Settlement losses				(49)
Coffee Business
Defined Benefit Plan Disclosure [Line Items]
Benefit plan liabilities divested					$ 131
Pension Plans \| Change in Assumptions for Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension cost	(16)		(48)
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension cost	20	34	57	144
Employer contribution			329
Employer non-recurring contribution			100
Estimated future employer contributions for remainder of the year			50
Non-U.S. Pension Plans \| Coffee Business
Defined Benefit Plan Disclosure [Line Items]
Deferred tax assets transferred					$ 24
Pension curtailment losses				17
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension cost	27	22	72	77
Employer contribution			169
Employer voluntary contribution			150
Estimated future employer contributions for remainder of the year			6
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension cost		$ 11	16	$ 33
Postretirement Benefit Plans \| Change in Assumptions for Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension cost	$ 1		$ 3

Components of Net Periodic Postretirement Health Care Costs (Detail) - Postretirement Benefit Plans - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Service cost

$ 3

$ 4

$ 9

$ 11

Interest cost

Net loss from experience differences

Prior service credit

^[1]

$ (11)

(1)

(14)

(5)

Net periodic postretirement health care costs

$ 11

$ 16

$ 33

[1]	For the three and nine months ended September 30, 2016, amortization of prior service credit includes $8 million of curtailment gain related to a change in the eligibility requirement.

Components of Net Periodic Postretirement Health Care Costs (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Pension curtailment gain	$ 8	$ 8

Components of Net Postemployment Costs (Detail) - Postemployment Benefit Plans - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2	$ 2	$ 5	$ 5
Interest cost	1	1	4	4
Net periodic postemployment costs	$ 3	$ 3	$ 9	$ 9

Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Shares subject to option
Beginning balance	57,034,108
Options granted	7,614,970
Options exercised	(7,094,555)
Options cancelled	(1,735,698)
Ending balance	55,818,825	57,034,108
Weighted-average exercise price
Beginning balance	$ 26.12
Options granted	39.75
Options exercised	24.01
Options cancelled	35.39
Ending balance	$ 27.95	$ 26.12
Average remaining contractual term
Opening balance	6 years	6 years
Aggregate intrinsic value
Options exercised	$ 139
Aggregate intrinsic value	$ 252	$ 229
Annual grant to eligible employees
Shares subject to option
Options granted	7,517,290
Weighted-average exercise price
Options granted	$ 39.70
Additional options issued
Shares subject to option
Options granted	97,680
Weighted-average exercise price
Options granted	$ 43.32

Restricted Stock, Deferred Stock Unit and Performance Share Unit Activity (Detail)
$ / shares in Units, $ in Millions

9 Months Ended

Sep. 30, 2016

USD ($)

$ / shares

Beginning balance | shares

9,418,216

Weighted-average grant date fair value per share

3,202,461

Vested | shares

(3,903,681)

^[1]

Forfeited | shares

(1,019,864)

^[1]

Ending balance | shares

7,697,132

Beginning balance | $ / shares

$ 28.00

Ending balance | $ / shares

37.30

Vested | $ / shares

40.13

^[1]

Forfeited | $ / shares

37.47

^[1]

$ 24.46

Weighted-Average Aggregate Fair Value

Total shares granted | $

$ 119

Vested | $

$ 157

^[1]

Annual grant to eligible employees

Grant date

Grant date

Feb. 22, 2016

Performance Share Units

Weighted-average grant date fair value per share

1,406,500

$ 39.70

Deferred Stock Units

Weighted-average grant date fair value per share

1,040,790

Additional shares granted

$ 39.70

Weighted-average grant date fair value per share

755,171

^[2]

Accumulated Other Comprehensive Income (Loss) [Line Items]

$ 29.51

^[2]

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

Capital Stock - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions		9 Months Ended		12 Months Ended		36 Months Ended
	Jul. 29, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2013	Dec. 31, 2015
Class of Stock [Line Items]
Cost of shares repurchased		$ 1,787,000,000		$ 3,622,000,000
Payment for repurchase of common stock		$ 1,727,000,000	$ 3,003,000,000
Common Class A
Class of Stock [Line Items]
Stock repurchase expiration date	Dec. 31, 2018				Dec. 31, 2016
Stock repurchase value	$ 13,700,000,000				$ 7,700,000,000
Increase in share repurchase value	$ 6,000,000,000
Number of shares repurchased		42.9
Average cost of shares repurchased		$ 41.64
Cost of shares repurchased						$ 8,200,000,000
Stock repurchase remaining amount		$ 3,700,000,000

Commitments and Contingencies - Additional Information (Detail) - 9 months ended Sep. 30, 2016 ₨ in Billions	USD ($)	INR (₨)
Indian Department of Central Excise Authority \| Cadbury
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date	$ 56,000,000	₨ 3.7
Indian Department of Central Excise Authority \| Cadbury \| Show case notice
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date	36,000,000	2.4
Indian Department of Central Excise Authority \| Cadbury \| Maximum
Loss Contingencies [Line Items]
Tax penalties and interest expense	$ 88,000,000	₨ 5.8
U.S. Commodity Futures Trading Commission ("CFTC")
Loss Contingencies [Line Items]
Loss contingency, filling date	April 1, 2015
Loss contingency, damages sought	$ 1,000,000
U.S. Commodity Futures Trading Commission ("CFTC") \| Each Additional Violation of the Commodity Exchange Act
Loss Contingencies [Line Items]
Loss contingency, damages sought	$ 140,000

Reclassifications from Accumulated Other Comprehensive Income - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net loss amounts reclassified from accumulated other comprehensive earnings / (losses) to net earnings (net of tax)	$ 28	$ 134	$ 206	$ 172

Components of Accumulated Other Comprehensive Earnings / (Losses) (Detail) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Dec. 31, 2015

Tax (expense) / benefit on reclassifications

$ 28,100

$ 27,853

Cost of sales

$ (3,908)

$ (4,179)

(11,614)

(13,595)

Interest rate contracts

(145)

(114)

(540)

(814)

(40)

(348)

(207)

(561)

Less: portion attributable to noncontrolling interests

(923)

284

(2,313)

(2,694)

(2)

(6)

(3)

(22)

Other comprehensive earnings / (losses) attributable to Mondelez International

27,577

28,100

(917)

287

(2,291)

Currency Translation Adjustments

Accumulated Other Comprehensive Income (Loss) [Line Items]

Translation of international operations

(7,867)

(6,438)

(8,006)

(5,042)

^[1]

(1,149)

171

(2,749)

Pension and other benefit plans

Derivatives accounted for as net investment hedges

(35)

(58)

303

Noncontrolling interests

(2)

(6)

(3)

(22)

Tax (expense) / benefit

(23)

(111)

Less: portion attributable to noncontrolling interests

(1,070)

173

(2,482)

(2)

(6)

(3)

(22)

Pension and Other Benefits

(7,830)

(7,502)

(7,830)

(7,502)

(8,006)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Net actuarial gain / (loss) arising during period

(1,865)

(2,201)

(1,934)

(2,274)

127

Tax (expense) / benefit on net actuarial gain / (loss)

(40)

(9)

(35)

156

229

Derivative Cash Flow Hedges

(1,835)

(2,045)

(1,835)

(2,045)

(1,934)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Net derivative gains / (losses)

(36)

(53)

(46)

(2)

(113)

(78)

(103)

Tax (expense) / benefit on net derivative gain / (loss)

(2)

(9)

(60)

Accumulated Other Comprehensive Income (Loss)

(34)

(62)

(34)

(62)

(46)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(9,768)

(8,692)

(9,986)

(7,318)

287

(2,668)

Reclassification out of Accumulated Other Comprehensive Income | Pension and Other Benefits

(9,699)

(9,609)

(9,699)

(9,609)

$ (9,986)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Amortization of experience losses and prior service costs

^[2]

165

Settlement losses

^[2]

Tax (expense) / benefit on reclassifications

^[3]

(10)

(28)

(34)

(64)

Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges

Accumulated Other Comprehensive Income (Loss) [Line Items]

Tax (expense) / benefit on reclassifications

^[3]

(1)

(10)

(41)

(20)

Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Currency exchange contracts | Forecasted transactions

Accumulated Other Comprehensive Income (Loss) [Line Items]

Cost of sales

^[4]

(79)

Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Commodity contracts

Accumulated Other Comprehensive Income (Loss) [Line Items]

Cost of sales

^[4]

$ (8)

$ 62

Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Interest rate contracts

Accumulated Other Comprehensive Income (Loss) [Line Items]

Interest rate contracts

^[5]

$ 96

$ 41

[1]	For the nine months ended September 30, 2016 includes $57 million of historical cumulative transaction adjustments reclassified to net earnings within the gain on equity method investment exchange in the first quarter. See Note 2, Divestitures and Acquisitions - Keurig Transaction.
[2]	These reclassified gains or losses are included in the components of net periodic benefit costs disclosed in Note 9, Benefit Plans, and equity method investment net earnings.
[3]	Taxes related to reclassified gains or losses are recorded within the provision for income taxes.
[4]	These reclassified gains or losses are recorded within cost of sales.
[5]	These reclassified gains or losses are recorded within interest and other expense, net.

Components of Accumulated Other Comprehensive Earnings / (Losses) (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net loss amounts reclassified from accumulated other comprehensive earnings / (losses) to net earnings (net of tax)	$ (28)	$ (134)	$ (206)	$ (172)
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net loss amounts reclassified from accumulated other comprehensive earnings / (losses) to net earnings (net of tax)			$ 57

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Estimated effective tax rate								23.10%
Effective tax rate	7.20%		4.50%		13.60%	6.50%
Total favorable discrete items	$ 60				$ 109
Net favorable tax audit settlements and expirations of statutes of limitations	35		$ 40		73	$ 75
Gains on coffee business transactions and divestitures			7,122			7,135
Net unfavorable tax charge related to the sale of joint venture		$ 32		$ 22		$ 54
United Kingdom
Income Tax Contingency [Line Items]
Benefit from reduction of net deferred tax liabilities in tax legislation enacted	$ 17				$ 17
Coffee Business
Income Tax Contingency [Line Items]
Gains on coffee business transactions and divestitures			7,122
Tax expense on gains from divestitures			197
Tax costs incurred to remit proceeds up from lower-tier foreign subsidiaries			$ 21
Scenario, Forecast
Income Tax Contingency [Line Items]
Estimated effective tax rate							20.80%

Basic and Diluted Earnings per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Earnings Per Share [Line Items]
Net earnings	$ 548	$ 7,268	$ 1,576	$ 8,007	$ 7,291
Noncontrolling interest earnings		(2)	(10)	(11)
Net earnings attributable to Mondelez International	$ 548	$ 7,266	$ 1,566	$ 7,996
Weighted-average shares for basic EPS	1,557	1,609	1,561	1,627
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares	19	20	18	19
Weighted-average shares for diluted EPS	1,576	1,629	1,579	1,646
Basic earnings per share attributable to Mondelez International	$ 0.35	$ 4.52	$ 1.00	$ 4.91
Diluted earnings per share attributable to Mondelez International	$ 0.35	$ 4.46	$ 0.99	$ 4.86

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Mondelez International stock options excluded from the calculation of diluted EPS	4,300,000		7,700,000	10,800,000
Maximum
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Mondelez International stock options excluded from the calculation of diluted EPS		1,000,000

Segment Reporting - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2016 USD ($) Segment	Sep. 30, 2015 USD ($)
Segment Reporting Information [Line Items]
Number of reportable operating segments \| Segment			5
Operating income (loss)	$ 702	$ 7,802	$ 2,062	$ 9,454
Asia Pacific Segment
Segment Reporting Information [Line Items]
Operating income (loss)	135	71	378	321
EEMEA Segment
Segment Reporting Information [Line Items]
Operating income (loss)	44	52	154	184
North America Segment
Segment Reporting Information [Line Items]
Operating income (loss)	$ 274	$ 275	$ 840	817
Equity Method Investments
Segment Reporting Information [Line Items]
Operating income (loss)				56
Equity Method Investments \| Asia Pacific Segment
Segment Reporting Information [Line Items]
Operating income (loss)				49
Equity Method Investments \| EEMEA Segment
Segment Reporting Information [Line Items]
Operating income (loss)				3
Equity Method Investments \| North America Segment
Segment Reporting Information [Line Items]
Operating income (loss)				$ 4

Net Revenues by Segment (Detail) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

$ 6,396

$ 6,849

$ 19,153

$ 22,272

Latin America Segment

^[1]

868

1,233

^[2]

2,528

3,730

^[2]

^[3]

1,128

1,101

3,278

^[3]

543

586

1,738

2,150

^[3]

2,104

2,173

^[4]

6,461

7,963

^[4]

North America Segment

$ 1,753

$ 1,756

$ 5,148

$ 5,151

[1]	Net revenues of $315 million for the three months and $834 million for the nine months ended September 30, 2015 from our Venezuelan subsidiaries are included in our condensed consolidated financial statements. Beginning in 2016, we account for our Venezuelan subsidiaries using the cost method of accounting and no longer include net revenues of our Venezuelan subsidiaries within our condensed consolidated financial statements. Refer to Note 1, Basis of Presentation - Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.
[2]	Our Venezuelan subsidiaries net revenues of $209 million in biscuits, $95 million in cheese & grocery, $6 million in beverages and $5 million in gum & candy for the three months and $496 million in biscuits, $231 million in cheese & grocery, $66 million in gum & candy and $41 million in beverages for the nine months ended September 30, 2015 are included in our condensed consolidated financial statements. Beginning in 2016, we account for our Venezuelan subsidiaries using the cost method of accounting and no longer include net revenues of our Venezuelan subsidiaries within our condensed consolidated financial statements. Refer to Note 1, Basis of Presentation - Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.
[3]	On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. Net revenues of our global coffee business were $1,348 million in Europe, $246 million in EEMEA and $33 million in Asia Pacific for the nine months ended September 30, 2015. Refer to Note 2, Divestitures and Acquisitions - JDE Coffee Business Transactions, for more information.
[4]	During 2016, we realigned some of our products across product categories primarily within our Europe segment and as such, we reclassified the product category net revenues on a basis consistent with the 2016 presentation.

Net Revenues by Segment (Parenthetical) (Detail) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

$ 6,396

$ 6,849

$ 19,153

$ 22,272

^[1]

1,128

1,101

3,278

^[1]

543

586

1,738

2,150

Coffee Business | Asia Pacific Segment

^[1]

$ 2,104

2,173

^[2]

$ 6,461

7,963

^[2]

Coffee Business | EEMEA Segment

Coffee Business | Europe Segment

246

1,348

Venezuela

$ 315

$ 834

[1]	On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. Net revenues of our global coffee business were $1,348 million in Europe, $246 million in EEMEA and $33 million in Asia Pacific for the nine months ended September 30, 2015. Refer to Note 2, Divestitures and Acquisitions - JDE Coffee Business Transactions, for more information.
[2]	During 2016, we realigned some of our products across product categories primarily within our Europe segment and as such, we reclassified the product category net revenues on a basis consistent with the 2016 presentation.

Operating Income by Segment (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
General corporate expenses	$ (89)	$ (95)	$ (216)	$ (240)
Amortization of intangibles	(44)	(45)	(132)	(137)
Gains on JDE coffee business transactions and divestiture		7,122		7,135
Acquisition-related costs		(6)		(8)
Operating income (loss)	702	7,802	2,062	9,454
Interest and other expense, net	(145)	(114)	(540)	(814)
Earnings before income taxes	557	7,688	1,522	8,640
Cost of Sales
Segment Reporting Information [Line Items]
Unrealized gains / (losses) on hedging activities (mark-to-market impacts)	(12)	(4)	(49)	75
Latin America Segment
Segment Reporting Information [Line Items]
Operating income (loss)	92	134	191	422
Asia Pacific Segment
Segment Reporting Information [Line Items]
Operating income (loss)	135	71	378	321
EEMEA Segment
Segment Reporting Information [Line Items]
Operating income (loss)	44	52	154	184
Europe Segment
Segment Reporting Information [Line Items]
Operating income (loss)	302	298	896	885
North America Segment
Segment Reporting Information [Line Items]
Operating income (loss)	$ 274	$ 275	$ 840	$ 817

Net Revenues by Consumer Sector (Detail) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

$ 6,396

$ 6,849

$ 19,153

$ 22,272

Biscuits

2,687

2,907

7,931

8,472

Chocolate

1,882

1,924

5,476

5,746

Gum & Candy

989

1,033

2,979

3,207

Beverages

^[1]

308

342

1,103

2,889

Cheese & Grocery

530

643

1,664

1,958

Latin America Segment

Latin America Segment | Biscuits

^[2]

868

1,233

^[3]

2,528

3,730

^[3]

Latin America Segment | Chocolate

191

431

^[3]

551

1,147

^[3]

Latin America Segment | Gum & Candy

185

184

^[3]

562

680

^[3]

Latin America Segment | Beverages

247

262

^[3]

713

852

^[3]

Latin America Segment | Cheese & Grocery

^[1]

164

178

^[3]

466

570

^[3]

178

^[3]

236

481

^[3]

Asia Pacific Segment | Biscuits

^[4]

1,128

1,101

3,278

Asia Pacific Segment | Chocolate

360

356

991

940

Asia Pacific Segment | Gum & Candy

388

370

1,088

1,074

Asia Pacific Segment | Beverages

174

171

538

550

Asia Pacific Segment | Cheese & Grocery

^[1]

285

324

129

128

376

390

^[4]

543

586

1,738

2,150

EEMEA Segment | Biscuits

EEMEA Segment | Chocolate

125

379

396

EEMEA Segment | Gum & Candy

223

232

549

627

EEMEA Segment | Beverages

120

134

383

418

EEMEA Segment | Cheese & Grocery

^[1]

229

502

198

207

Europe Segment | Biscuits

^[4]

2,104

2,173

^[5]

6,461

7,963

^[5]

Europe Segment | Chocolate

608

592

^[5]

1,848

1,828

^[5]

Europe Segment | Gum & Candy

1,021

1,074

^[5]

3,124

3,204

^[5]

Europe Segment | Beverages

163

177

^[5]

512

558

^[5]

Europe Segment | Cheese & Grocery

^[1]

^[5]

123

1,493

^[5]

276

287

^[5]

854

880

^[5]

North America Segment

North America Segment | Biscuits

1,753

1,756

5,148

5,151

North America Segment | Chocolate

1,403

4,162

4,161

North America Segment | Gum & Candy

153

161

$ 285

$ 289

$ 833

$ 829

[1]	On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segment beverage categories. Net revenues of our global coffee business were $1,348 million in Europe, $246 million in EEMEA and $33 million in Asia Pacific for the nine months ended September 30, 2015. Refer to Note 2, Divestitures and Acquisitions - JDE Coffee Business Transactions, for more information.
[2]	Net revenues of $315 million for the three months and $834 million for the nine months ended September 30, 2015 from our Venezuelan subsidiaries are included in our condensed consolidated financial statements. Beginning in 2016, we account for our Venezuelan subsidiaries using the cost method of accounting and no longer include net revenues of our Venezuelan subsidiaries within our condensed consolidated financial statements. Refer to Note 1, Basis of Presentation - Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.
[3]	Our Venezuelan subsidiaries net revenues of $209 million in biscuits, $95 million in cheese & grocery, $6 million in beverages and $5 million in gum & candy for the three months and $496 million in biscuits, $231 million in cheese & grocery, $66 million in gum & candy and $41 million in beverages for the nine months ended September 30, 2015 are included in our condensed consolidated financial statements. Beginning in 2016, we account for our Venezuelan subsidiaries using the cost method of accounting and no longer include net revenues of our Venezuelan subsidiaries within our condensed consolidated financial statements. Refer to Note 1, Basis of Presentation - Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.
[4]	On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. Net revenues of our global coffee business were $1,348 million in Europe, $246 million in EEMEA and $33 million in Asia Pacific for the nine months ended September 30, 2015. Refer to Note 2, Divestitures and Acquisitions - JDE Coffee Business Transactions, for more information.
[5]	During 2016, we realigned some of our products across product categories primarily within our Europe segment and as such, we reclassified the product category net revenues on a basis consistent with the 2016 presentation.

Net Revenues by Consumer Sector (Parenthetical) (Detail) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

$ 6,396

$ 6,849

$ 19,153

$ 22,272

^[1]

1,128

1,101

3,278

^[1]

543

586

1,738

2,150

Coffee Business | Asia Pacific Segment

^[1]

2,104

2,173

^[2]

6,461

7,963

^[2]

Coffee Business | EEMEA Segment

Coffee Business | Europe Segment

246

1,348

Venezuela

315

834

Biscuits

Biscuits | Asia Pacific Segment

2,687

2,907

7,931

8,472

360

356

991

940

Biscuits | EEMEA Segment

Biscuits | Europe Segment

125

379

396

608

592

^[2]

1,848

1,828

^[2]

Biscuits | Venezuela

209

496

Gum & Candy

Gum & Candy | Asia Pacific Segment

989

1,033

2,979

3,207

Gum & Candy | EEMEA Segment

174

171

538

550

Gum & Candy | Europe Segment

120

134

383

418

163

177

^[2]

512

558

^[2]

Gum & Candy | Venezuela

Beverages

Beverages | Asia Pacific Segment

^[3]

308

342

1,103

2,889

Beverages | EEMEA Segment

^[3]

285

324

Beverages | Europe Segment

^[3]

229

502

^[3]

^[2]

123

1,493

^[2]

Beverages | Venezuela

Cheese & Grocery

Cheese & Grocery | Asia Pacific Segment

530

643

1,664

1,958

Cheese & Grocery | EEMEA Segment

129

128

376

390

Cheese & Grocery | Europe Segment

198

207

Cheese & Grocery | Venezuela

$ 276

287

^[2]

$ 854

880

^[2]