Document and Entity Information - USD ($) $ in Billions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Feb. 02, 2018 |
Jun. 30, 2017 |
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Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2017 | ||
Document Fiscal Year Focus | 2017 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | MDLZ | ||
Entity Registrant Name | Mondelez International, Inc. | ||
Entity Central Index Key | 0001103982 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 1,487,328,466 | ||
Entity Public Float | $ 63 |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition Trading symbol of an instrument as listed on an exchange. No definition available.
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Consolidated Statements of Earnings - USD ($) $ in Millions |
12 Months Ended | ||||
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Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Net revenues | [1] | $ 25,896 | $ 25,923 | $ 29,636 | |
Cost of sales | 15,831 | 15,795 | 18,124 | ||
Gross profit | 10,065 | 10,128 | 11,512 | ||
Selling, general and administrative expenses | 5,911 | 6,540 | 7,577 | ||
Asset impairment and exit costs | 656 | 852 | 901 | ||
Net gain on divestitures | (186) | (9) | (6,822) | ||
Loss on deconsolidation of Venezuela | 0 | 0 | 778 | ||
Amortization of intangibles | 178 | 176 | 181 | ||
Operating income | 3,506 | 2,569 | 8,897 | ||
Interest and other expense, net | 382 | 1,115 | 1,013 | ||
Earnings before income taxes | 3,124 | 1,454 | 7,884 | ||
Provision for income taxes | (688) | (129) | (593) | ||
Gain on equity method investment transactions | 40 | 43 | 0 | ||
Equity method investment net earnings | 460 | 301 | 0 | ||
Net earnings | 2,936 | 1,669 | 7,291 | ||
Noncontrolling interest earnings | (14) | (10) | (24) | ||
Net earnings attributable to Mondelez International | $ 2,922 | $ 1,659 | $ 7,267 | ||
Per share data: | |||||
Basic earnings per share attributable to Mondelez International | $ 1.93 | $ 1.07 | $ 4.49 | ||
Diluted earnings per share attributable to Mondelez International | 1.91 | 1.05 | 4.44 | ||
Dividends declared | $ 0.82 | $ 0.72 | $ 0.64 | ||
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
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- Definition Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions |
12 Months Ended | ||
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Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Net earnings | $ 2,936 | $ 1,669 | $ 7,291 |
Other comprehensive earnings/(losses), net of tax: | |||
Currency translation adjustment | 1,201 | (925) | (2,990) |
Pension and other benefit plans | (57) | (153) | 340 |
Derivative cash flow hedges | 8 | (75) | (44) |
Total other comprehensive earnings/(losses) | 1,152 | (1,153) | (2,694) |
Comprehensive earnings | 4,088 | 516 | 4,597 |
less: Comprehensive earnings/(losses) attributable to noncontrolling interests | 42 | (7) | (2) |
Comprehensive earnings attributable to Mondelez International | $ 4,046 | $ 523 | $ 4,599 |
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount, after tax and reclassification adjustment, of (increase) decrease in accumulated other comprehensive income for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for advertising of the entity's goods and services. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For the entity and the disposal group, cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. No definition available.
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liability, recognized in statement of financial position, for defined benefit pension plan, classified as noncurrent. Excludes other postretirement benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt and capital lease obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt and capital leases due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liability, recognized in statement of financial position, for defined benefit other postretirement plan, classified as noncurrent. Excludes pension plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after allowance, of receivables classified as other, due within one year or the operating cycle, if longer. No definition available.
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Trade receivables, allowances | $ 50 | $ 58 |
Other receivables, allowances | $ 98 | $ 93 |
Common Stock, no par value | ||
Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 |
Common Stock, shares issued | 1,996,537,778 | 1,996,537,778 |
Treasury stock, shares | 508,401,694 | 468,172,237 |
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- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of valuation allowance for receivables classified as other, due within one year or the normal operating cycle, if longer. No definition available.
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- Definition Face amount per share of no-par value common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of decrease in total shareholders' equity, including but not limited to, additional paid in capital and noncontrolling interest resulting from dividends paid. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of paid and unpaid cash dividends declared for classes of stock, for example, but not limited to, common and preferred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Value, after forfeitures, of stock or other type of equity granted of any equity-based compensation plan other than an employee stock ownership plan (ESOP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition Capital increase made in return for additional shares in an equity method investment. No definition available.
|
X | ||||||||||
- Definition This element represents the gross undistributed income (or loss) of equity method investments. This element excludes distributions that constitute a return of investment, which are classified as investing activities. No definition available.
|
X | ||||||||||
- Definition The net change in the beginning and end of period Prepaid Pension costs and the net change during the reporting period in the amount due to fund pension and non-pension benefits to employees, retired and disabled former employees. No definition available.
|
X | ||||||||||
- Definition Provisional transition tax due to the Tax Cuts and Jobs Act of 2017. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition For the entity and the disposal group, cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Reduction in cash due to no longer including the former subsidiary's cash in the consolidated entity's cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of distribution received from equity method investee for return on investment, classified as operating activities. Excludes distribution for return of investment, classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
|
X | ||||||||||
- Definition Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
|
X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in current assets classified as other. No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in current liabilities classified as other. No definition available.
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash paid for interest. Includes, but is not limited to, payment to settle zero-coupon bond attributable to accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents the cash inflow during the period from the sale of a component of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash inflow for a financial contract that meets the hedge criteria as either a cash flow hedge, fair value hedge, or hedge of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash inflow from borrowing by issuing commercial paper. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow due to repaying amounts borrowed by issuing commercial paper. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
|
Summary of Significant Accounting Policies |
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Summary of Significant Accounting Policies | Note 1. Summary of Significant Accounting Policies Description of Business: Mondelēz International, Inc. was incorporated in 2000 in the Commonwealth of Virginia. Mondelēz International, Inc., through its subsidiaries (collectively “Mondelēz International,” “we,” “us” and “our”), sells food and beverage products to consumers in approximately 160 countries. Principles of Consolidation: The consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries. All intercompany transactions are eliminated. The noncontrolling interest represents the noncontrolling investors’ interests in the results of subsidiaries that we control and consolidate. Through December 31, 2015, the operating results of our Venezuelan subsidiaries are included in our consolidated financial statements. As of the close of the fourth quarter of 2015, we deconsolidated our Venezuelan operations from our consolidated financial statements and recognized a loss on deconsolidation. See Currency Translation and Highly Inflationary Accounting: Venezuela below for more information. We account for investments in which we exercise significant influence under the equity method of accounting. 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. (For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis and thus are not shown on our consolidated statement of earnings for this period.) Please see Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, Keurig Transaction and Planned Keurig Dr Pepper Transaction, and Note 16, Segment Reporting, for more information on these transactions. We use the cost method of accounting for investments in which we do not exercise significant influence or control. Under the cost method of accounting, earnings are recognized to the extent cash is received. Use of Estimates: We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which require us to make estimates and assumptions that affect a number of amounts in our consolidated financial statements. Significant accounting policy elections, estimates and assumptions include, among others, pension and benefit plan assumptions, valuation assumptions of goodwill and intangible assets, useful lives of long-lived assets, restructuring program liabilities, marketing program accruals, insurance and self-insurance reserves and income taxes. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements. Segment Change: On October 1, 2016, we integrated our Eastern Europe, Middle East, and Africa (“EEMEA”) operating segment into our Europe and Asia Pacific operating segments to further leverage and optimize the operating scale built within the Europe and Asia Pacific regions. Russia, Ukraine, Turkey, Belarus, Georgia and Kazakhstan were combined within our Europe region, while the remaining Middle East and African countries were combined within our Asia Pacific region to form a new Asia, Middle East and Africa (“AMEA”) operating segment. We have reflected the segment change as if it had occurred in all periods presented. As of October 1, 2016, our operations and management structure were organized into four reportable operating segments:
See Note 16, Segment Reporting, for additional information on our segments. 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. Highly inflationary accounting is triggered when a country’s three-year cumulative inflation rate exceeds 100%. It requires the remeasurement of financial statements of subsidiaries in the country, from the functional currency of the subsidiary to our U.S. dollar reporting currency, with currency remeasurement gains or losses recorded in earnings. In 2017, none of our consolidated subsidiaries were accounted for as highly inflationary economies. Argentina. We continue to closely monitor inflation and the potential for the economy to become highly inflationary for accounting purposes. As of December 31, 2017, the Argentinian economy was not designated as highly inflationary and we continued to record currency translation adjustments within equity and realized exchange gains and losses on transactions in earnings. Our Argentinian operations contributed $601 million, or 2.3% of consolidated net revenues in 2017. The net monetary liabilities of our Argentinian operations as of December 31, 2017 were not material. Ukraine. Based on inflation data published by the National Bank of Ukraine, Ukraine’s three-year cumulative inflation rate dropped and remained below 100% by the end of 2017. As such, Ukraine is no longer highly inflationary and we continue to record currency translation adjustments within equity and realized exchange gains and losses on transactions in earnings. Our Ukrainian operations contributed $73 million, or 0.3%, of consolidated net revenues in 2017. The net monetary assets of our Ukrainian operations as of December 31, 2017 were not material. 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. The economic and regulatory 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 reflected the inflation and economic uncertainty in Venezuela. For 2015, the operating results of our Venezuela operations were included in our consolidated statements of earnings. During this time, we recognized a number of currency-related remeasurement losses resulting from devaluations of the Venezuela bolivar exchange rates 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 the 2015 remeasurement losses, the deconsolidation loss and historical operating results and financial position of our Venezuelan subsidiaries for the period presented:
Beginning in 2016, we no longer included net revenues, earnings or net assets of our Venezuelan subsidiaries within our 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. In early 2018, the profitability and cash flows of our local operations significantly deteriorated following the issuance of new government price controls. We are engaging with authorities on the pricing restrictions, however, if the situation is not resolved, it could significantly impede our ability to continue to operate in Venezuela. Other Countries. Since we sell our products in approximately 160 countries and have operations in over 80 countries, we 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 and exchange rate volatility, including Brazil, China, Mexico, Russia, United Kingdom (Brexit), Turkey, Egypt, Nigeria and South Africa. We continue to monitor operations, currencies and net monetary exposures in these countries. At this time, we do not anticipate a risk to our operating results from changing to highly inflationary accounting in these countries. Cash and Cash Equivalents: Cash and cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. 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 $1.0 billion. 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. The outstanding principal amount of receivables under this arrangement amounted to $804 million as of December 31, 2017, $644 million as of December 31, 2016 and $570 million as of December 31, 2015. The incremental cost of factoring receivables under this arrangement were no more than $6 million in each of the years presented. The proceeds from the sales of receivables are included in cash from operating activities in the consolidated statements of cash flows. 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 $76 million on net revenues and $36 million on operating income in 2015. As a result of this change, each of our operating subsidiaries now reports results as of the last calendar day of the period.
Inventories: We value our inventory using the average cost method. We also record inventory allowances for overstock and obsolete inventories due to ingredient and packaging changes. Long-Lived Assets: Property, plant and equipment are stated at historical cost and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods ranging from 3 to 20 years and buildings and building improvements over periods up to 40 years. We review long-lived assets, including amortizable intangible assets, for realizability on an ongoing basis. Changes in depreciation, generally accelerated depreciation, are determined and recorded when estimates of the remaining useful lives or residual values of long-term assets change. We also review for impairment when conditions exist that indicate the carrying amount of the assets may not be fully recoverable. In those circumstances, we perform undiscounted operating cash flow analyses to determine if an impairment exists. When testing for asset impairment, we group assets and liabilities at the lowest level for which cash flows are separately identifiable. Any impairment loss is calculated as the excess of the asset’s carrying value over its estimated fair value. Fair value is estimated based on the discounted cash flows for the asset group over the remaining useful life or based on the expected cash proceeds for the asset less costs of disposal. Any significant impairment losses would be recorded within asset impairment and exit costs in the consolidated statements of earnings. Software Costs: We capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use. Capitalized software costs are included in property, plant and equipment and amortized on a straight-line basis over the estimated useful lives of the software, which do not exceed seven years. Goodwill and Non-Amortizable Intangible Assets: We have historically annually tested goodwill and non-amortizable intangible assets for impairment as of October 1. In 2017, we voluntarily changed the annual impairment assessment date from October 1 to July 1. We believe this measurement date, which represents a change in the method of applying an accounting principle, is preferable because it better aligns with our strategic business planning process and financial forecasts, which are key components of the annual impairment tests. The change in the measurement date did not delay, accelerate or prevent an impairment charge. Each quarter, we have evaluated goodwill and intangible asset impairment risks and recognized any related impairments to date. As such, the change in the annual test date was applied on July 1, 2017. We assess goodwill impairment risk throughout the year by performing a qualitative review of entity-specific, industry, market and general economic factors affecting our goodwill reporting units. We review our operating segment and reporting unit structure for goodwill testing annually or as significant changes in the organization occur. Annually, we may perform qualitative testing, or depending on factors such as prior-year test results, current year developments, current risk evaluations and other practical considerations, we may elect to do quantitative testing instead. In our quantitative testing, we compare a reporting unit’s estimated fair value with its carrying value. We estimate a reporting unit’s fair value using a discounted cash flow method that incorporates planned growth rates, market-based discount rates and estimates of residual value. This year, for our Europe and North America reporting units, we used a market-based, weighted-average cost of capital of 7.2% to discount the projected cash flows of those operations. For our Latin America and AMEA reporting units, we used a risk-rated discount rate of 10.2%. Estimating the fair value of individual reporting units requires us to make assumptions and estimates regarding our future plans, industry and economic conditions, and our actual results and conditions may differ over time. If the carrying value of a reporting unit’s net assets exceeds its fair value, we would recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value. Annually we assess non-amortizable intangible assets for impairment by performing a qualitative review and assessing events and circumstances that could affect the fair value or carrying value of the indefinite-lived intangible assets. If significant potential impairment risk exists for a specific asset, we quantitatively test it for impairment by comparing its estimated fair value with its carrying value. We determine estimated fair value using planned growth rates, market-based discount rates and estimates of royalty rates. If the carrying value of the asset exceeds its fair value, we consider the asset impaired and reduce its carrying value to the estimated fair value. We amortize definite-lived intangible assets over their estimated useful lives and evaluate them for impairment as we do other long-lived assets.
Insurance and Self-Insurance: We use a combination of insurance and self-insurance for a number of risks, including workers’ compensation, general liability, automobile liability, product liability and our obligation for employee healthcare benefits. We estimate the liabilities associated with these risks on an undiscounted basis by evaluating and making judgments about historical claims experience and other actuarial assumptions and the estimated impact on future results. Revenue Recognition: We predominantly sell food and beverage products across several product categories and in all regions as disclosed in Note 16, Segment Reporting. We recognize revenue when control over the products transfers to our customers, which generally occurs upon delivery or shipment of the products. We account for product shipping, handling and insurance as fulfillment activities with revenues for these activities recorded within net revenue and costs recorded within cost of sales. Any taxes collected on behalf of government authorities are excluded from net revenues. A small percentage of our net revenues relates to the licensing of our intellectual property, predominantly brand and trade names, and we record these revenues over the license term. Revenues are recorded net of trade and sales incentives and estimated product returns. Known or expected pricing or revenue adjustments, such as trade discounts, rebates or returns, are estimated at the time of sale. We base these estimates principally on historical utilization and redemption rates. Estimates that affect revenue, such as trade incentives and product returns, are monitored and adjusted each period until the incentives or product returns are realized. Key sales terms, such as pricing and quantities ordered, are established on a very frequent basis such that most customer arrangements and related incentives have a one year or shorter duration. As such, we do not capitalize contract inception costs and we capitalize product fulfillment costs in accordance with U.S. GAAP and our inventory policies. We do not have any significant unbilled receivables at the end of any period. Deferred revenues are not material and primarily include customer advance payments typically collected a few days before product delivery, at which time, deferred revenues are reclassified and recorded as net revenues. We generally do not receive noncash consideration for the sale of goods nor do we grant payment financing terms greater than one year. Marketing, Advertising and Research and Development: We promote our products with marketing and advertising programs. These programs include, but are not limited to, cooperative advertising, in-store displays and consumer marketing promotions. For interim reporting purposes, advertising and consumer promotion expenses are charged to operations as a percentage of volume, based on estimated sales volume and estimated program spending. We do not defer costs on our year-end consolidated balance sheet and all marketing and advertising costs are recorded as an expense in the year incurred. Advertising expense was $1,248 million in 2017, $1,396 million in 2016 and $1,542 million in 2015. We expense product research and development costs as incurred. Research and development expense was $366 million in 2017, $376 million in 2016 and $409 million in 2015. We record marketing and advertising as well as research and development expenses within selling, general and administrative expenses. Stock-based Compensation: Stock-based compensation awarded to employees and non-employee directors is valued at fair value on the grant date. We record stock-based compensation expense over the vesting period, generally three years. Forfeitures are estimated on the grant date for all of our stock-based compensation awards. Employee Benefit Plans: We provide a range of benefits to our current and retired employees. These include pension benefits, postretirement health care benefits and postemployment benefits depending upon jurisdiction, tenure, job level and other factors. Local statutory requirements govern many of the benefit plans we provide around the world. Local government plans generally cover health care benefits for retirees outside the United States, Canada and United Kingdom. Our U.S., Canadian and U.K. subsidiaries provide health care and other benefits to most retired employees. Our postemployment benefit plans provide primarily severance benefits for eligible salaried and certain hourly employees. The cost for these plans is recognized in earnings primarily over the working life of the covered employee.
Financial Instruments: We use financial instruments to manage our currency exchange rate, commodity price and interest rate risks. We monitor and manage these exposures as part of our overall risk management program, which focuses on the unpredictability of financial markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on our operating results. A principal objective of our risk management strategies is to reduce significant, unanticipated earnings fluctuations that may arise from volatility in currency exchange rates, commodity prices and interest rates, principally through the use of derivative instruments. We use a combination of primarily currency forward contracts, futures, options and swaps; commodity forward contracts, futures and options; and interest rate swaps to manage our exposure to cash flow variability, protect the value of our existing currency assets and liabilities and protect the value of our debt. See Note 8, Financial Instruments, for more information on the types of derivative instruments we use. We record derivative financial instruments on a gross basis and at fair value in our consolidated balance sheets within other current assets or other current liabilities due to their relatively short-term duration. Cash flows from derivative instruments are classified in the consolidated statements of cash flows based on the nature of the derivative instrument. Changes in the fair value of a derivative that is designated as a cash flow hedge, to the extent that the hedge is effective, are recorded in accumulated other comprehensive earnings/(losses) and reclassified to earnings when the hedged item affects earnings. Changes in fair value of economic hedges and the ineffective portion of all hedges are recognized in current period earnings. Changes in the fair value of a derivative that is designated as a fair value hedge, along with the changes in the fair value of the related hedged asset or liability, are recorded in earnings in the same period. We use non-U.S. dollar denominated debt to hedge a portion of our net investment in non-U.S. operations against adverse movements in exchange rates, with currency movements related to the debt and net investment and the related deferred taxes recorded within currency translation adjustment in accumulated other comprehensive earnings/(losses). In order to qualify for hedge accounting, a specified level of hedging effectiveness between the derivative instrument and the item being hedged must exist at inception and throughout the hedged period. We must also formally document the nature of and relationship between the derivative and the hedged item, as well as our risk management objectives, strategies for undertaking the hedge transaction and method of assessing hedge effectiveness. Additionally, for a hedge of a forecasted transaction, the significant characteristics and expected term of the forecasted transaction must be specifically identified, and it must be probable that the forecasted transaction will occur. If it is no longer probable that the hedged forecasted transaction will occur, we would recognize the gain or loss related to the derivative in earnings. When we use derivatives, we are exposed to credit and market risks. Credit risk exists when a counterparty to a derivative contract might fail to fulfill its performance obligations under the contract. We reduce our credit risk by entering into transactions with counterparties with high quality, investment grade credit ratings, limiting the amount of exposure with each counterparty and monitoring the financial condition of our counterparties. We also maintain a policy of requiring that all significant, non-exchange traded derivative contracts with a duration of one year or longer are governed by an International Swaps and Derivatives Association master agreement. Market risk exists when the value of a derivative or other financial instrument might be adversely affected by changes in market conditions and commodity prices, currency exchange rates or interest rates. We manage derivative market risk by limiting the types of derivative instruments and derivative strategies we use and the degree of market risk that we plan to hedge through the use of derivative instruments. Commodity derivatives. We are exposed to price risk related to forecasted purchases of certain commodities that we primarily use as raw materials. We enter into commodity forward contracts primarily for wheat, sugar and other sweeteners, soybean and vegetable oils and cocoa. Commodity forward contracts generally are not subject to the accounting requirements for derivative instruments and hedging activities under the normal purchases exception. We also use commodity futures and options to hedge the price of certain input costs, including cocoa, energy costs, sugar and other sweeteners, wheat, packaging, dairy, corn, and soybean and vegetable oils. We also sell commodity futures to unprice future purchase commitments, and we occasionally use related futures to cross-hedge a commodity exposure. We are not a party to leveraged derivatives and, by policy, do not use financial instruments for speculative purposes. During the third quarter of 2016, we discontinued designating commodity derivatives for hedge accounting treatment. Any unrealized gains or losses (mark-to-market impacts) and realized gains or losses are recorded in earnings.
Currency exchange derivatives. We use various financial instruments to mitigate our exposure to changes in exchange rates from third-party and intercompany current and forecasted transactions. These instruments may include currency exchange forward contracts, futures, options and swaps. Based on the size and location of our businesses, we use these instruments to hedge our exposure to certain currencies, including the euro, pound sterling, Swiss franc, Canadian dollar and Mexican peso. During the third quarter of 2016, we discontinued designating currency exchange derivatives for hedge accounting treatment. Any unrealized gains or losses (mark-to-market impacts) and realized gains or losses are recorded in earnings (see Note 8, Financial Instruments, for additional information). Interest rate cash flow and fair value hedges. We manage interest rate volatility by modifying the pricing or maturity characteristics of certain liabilities so that the net impact on expense is not, on a material basis, adversely affected by movements in interest rates. As a result of interest rate fluctuations, hedged fixed-rate liabilities appreciate or depreciate in market value. We expect the effect of this unrealized appreciation or depreciation to be substantially offset by our gains or losses on the derivative instruments that are linked to these hedged liabilities. We use derivative instruments, including interest rate swaps that have indices related to the pricing of specific liabilities as part of our interest rate risk management strategy. As a matter of policy, we do not use highly leveraged derivative instruments for interest rate risk management. We use interest rate swaps to economically convert a portion of our fixed-rate debt into variable-rate debt. Under the interest rate swap contracts, we agree with other parties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts, which is calculated based on an agreed-upon notional amount. We use interest rate swaps to hedge the variability of interest payment cash flows on a portion of our future debt obligations. We also execute cross-currency interest rate swaps to hedge interest payments on newly issued debt denominated in a different currency than the functional currency of the borrowing entity. Substantially all of these derivative instruments are highly effective and qualify for hedge accounting treatment. Hedges of net investments in non-U.S. operations. We have numerous investments outside the United States. The net assets of these subsidiaries are exposed to changes and volatility in currency exchange rates. We use local currency denominated debt to hedge our non-U.S. net investments against adverse movements in exchange rates. We designated our euro, pound sterling and Swiss franc denominated borrowings as a net investment hedge of a portion of our overall European operations. The gains and losses on our net investment in these designated European operations are economically offset by losses and gains on our euro, pound sterling and Swiss franc denominated borrowings. The change in the debt’s value, net of deferred taxes, is recorded in the currency translation adjustment component of accumulated other comprehensive earnings/(losses). Income Taxes: Our provision for income taxes includes amounts payable or refundable for the current year, the effects of deferred taxes and impacts from uncertain tax positions. We recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and tax basis of our assets and liabilities, operating loss carryforwards and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the years in which those differences are expected to reverse. The realization of certain deferred tax assets is dependent on generating sufficient taxable income in the appropriate jurisdiction prior to the expiration of the carryforward periods. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. When assessing the need for a valuation allowance, we consider any carryback potential, future reversals of existing taxable temporary differences (including liabilities for unrecognized tax benefits), future taxable income and tax planning strategies. We recognize tax benefits in our financial statements from uncertain tax positions only if it is more likely than not that the tax position will be sustained based on the technical merits of the position. The amount we recognize is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon resolution. Future changes related to the expected resolution of uncertain tax positions could affect tax expense in the period when the change occurs.
We monitor for changes in tax laws and reflect the impacts of tax law changes in the period of enactment. In response to the United States tax reform legislation enacted on December 22, 2017 (“U.S. tax reform”), the U.S. Securities and Exchange Commission (“SEC”) issued guidance that allows us to record provisional amounts for the impacts of U.S. tax reform if the full accounting cannot be completed before we file our 2017 financial statements. For provisions of the tax law where we are unable to make a reasonable estimate of the impact, the guidance allows us to continue to apply the historical tax provisions in computing our income tax liability and deferred tax assets and liabilities as of December 31, 2017. The guidance also allows us to finalize accounting for the U.S. tax reform changes within one year of the December 22, 2017 enactment date. See Note 14, Income Taxes, for additional information on how we recorded the impacts of the U.S. tax reform. New Accounting Pronouncements: In August 2017, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) to simplify the application of hedge accounting and increase the transparency of hedge results. The updated standard changes how companies can assess the effectiveness of their hedging relationships. For cash flow and net investment hedges as of the adoption date, the ASU requires a modified retrospective transition approach. Presentation and disclosure requirements related to this ASU are required prospectively. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We intend to early adopt this standard in the first quarter of 2018 and we do not expect it to have a significant impact on our consolidated financial statements, including the cumulative-effect adjustment required upon adoption. In May 2017, the FASB issued an ASU to clarify when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The ASU is applied prospectively to awards that are modified on or after the adoption date. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt the standard on January 1, 2018 and we do not expect a material impact to our consolidated financial statements. In March 2017, the FASB issued an ASU to amend the amortization period for certain purchased callable debt securities held at a premium, shortening the period to the earliest call date instead of the maturity date. The standard does not impact securities held at a discount as the discount continues to be amortized to maturity. The ASU is applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We will adopt the standard on January 1, 2019. We do not expect a material impact to our consolidated financial statements. In March 2017, the FASB issued an ASU to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The standard requires employers to disaggregate the service cost component from the other components of net benefit cost and disclose the amount and location where the net benefit cost is recorded in the income statement or capitalized in assets. The standard is to be applied on a retrospective basis for the change in presentation in the income statement and prospectively for the change in presentation on the balance sheet. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt the standard on January 1, 2018. We will reclassify net benefit costs other than service costs below operating income, with no impact to our net earnings. For information on our service cost and other components of net periodic benefit cost for pension, postretirement benefit and postemployment plans, see Note 9, Benefit Plans. In January 2017, the FASB issued an ASU that clarifies the definition of a business with the objective of adding guidance to assist companies with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The definition of a business may affect many areas of accounting including acquisitions, disposals, goodwill and consolidation. The ASU is applied on a prospective basis and is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt this standard on January 1, 2018 and we do not expect a material impact to our consolidated financial statements. In November 2016, the FASB issued an ASU that requires the change in restricted cash or cash equivalents to be included with other changes in cash and cash equivalents in the statement of cash flows. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt this standard on January 1, 2018 and we do not expect a material impact on our consolidated statements of cash flows.
In October 2016, the FASB issued an ASU that requires the recognition of tax consequences of intercompany asset transfers other than inventory when the transfer occurs and removes the exception to postpone recognition until the asset has been sold to an outside party. The standard is to be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt this standard on January 1, 2018 and we do not expect a material impact to our consolidated financial statements. In August 2016, the FASB issued an 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 will adopt this standard on January 1, 2018 and we do not expect a material impact to our 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 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 anticipate adopting the new standard on January 1, 2019. We continue to make progress in our due diligence and assess the impact of the new standard across our operations and on our consolidated financial statements, which will consist primarily of recording lease assets and liabilities on our balance sheet for our operating leases. 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. We will adopt this standard on January 1, 2018 and we do not expect a material impact to our consolidated financial statements. In May 2014, the FASB issued an ASU on revenue recognition from contracts with customers. The 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 and 2017, the FASB issued several ASUs that clarified principal versus agent (gross versus net) revenue presentation considerations, confirmed the accounting for certain prepaid stored-value products and clarified the guidance for identifying performance obligations within a contract, the accounting for licenses and partial sales of nonfinancial assets. The FASB also issued two ASUs providing technical corrections, narrow scope exceptions and practical expedients to clarify and improve the implementation of the new revenue recognition guidance. The revenue guidance is effective for annual reporting periods beginning after December 15, 2017, with early adoption permitted as of the original effective date (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 adopted the new standard on January 1, 2018 on a full retrospective basis. There was no material financial impact from adopting the new revenue standards. |
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- Definition The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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. Through March 7, 2016, we held a 43.5% interest in JDE. Following the March 7, 2016 exchange of a portion of our investment in JDE for an interest in Keurig, we held a 26.5% equity interest in JDE. (See discussion under Keurig Transaction below.) 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). Following the transactions discussed under JDE Stock-Based Compensation Arrangements below, as of December 31, 2017, we hold a 26.5% voting interest, a 26.4% ownership interest and a 26.2% profit and dividend sharing interest in JDE. We recorded JDE equity earnings of $129 million in 2017 and $100 million in 2016 and equity losses of $58 million in 2015. We also recorded $49 million of cash dividends received during the first quarter of 2017. 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 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 our retaining our interest in our 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. 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-tax) in 2015 after final adjustments described below. As previously reported, we deconsolidated net assets totaling $2.9 billion and reduced accumulated other comprehensive losses for the transfer of coffee business-related pension obligations by $90 million. 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 43.5% 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 2014 and 2015, 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 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 and the transfer of the sale proceeds to our subsidiaries that deconsolidated net assets and shares, we recognized a net gain of $436 million in 2015 within interest and other expense, net. We also incurred incremental expenses related to readying our global coffee businesses for the transactions that totaled $278 million for the year ended December 31, 2015. Of these total expenses, $123 million was recorded within asset impairment and exit costs in 2015 and the remainder was recorded within selling, general and administrative expenses of primarily our Europe segment, as well as within 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: On 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, and vested stock-based compensation awards granted to, JDE employees. Under these arrangements, share ownership dilution from the JDE Class C, D and E shareholders is limited to 2%. We retained our 26.5% voting rights and have a slightly lower portion of JDE’s profits and dividends than our shareholder ownership interest as certain employee shareholders receive a slightly larger share. 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 decreased from 26.5% to 26.4% and AHBV’s Class A shares decreased 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%. 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. As a result, our share of JDE’s equity earnings during the third quarter of 2016 was negatively affected by €30 million ($34 million). Keurig Transaction: On March 3, 2016, a subsidiary of AHBV completed a $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 the equity method investment exchange in March 2016. Immediately 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 consolidated balance sheet as of December 31, 2017. 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 Keurig equity earnings of $208 million in 2017 (of which, approximately $119 million relates to the provisional tax benefit Keurig recorded as a result of U.S. tax reform), and $77 million in 2016. We recorded shareholder loan interest of $24 million in 2017 and $20 million in 2016. Additionally, we received shareholder loan interest payments of $30 million in 2017 and $14 million in 2016 and dividends of $14 million in 2017 and $4 million in 2016. Planned Keurig Dr Pepper Transaction: On January 29, 2018, we announced that we would exchange our ownership interest in Keurig for equity in Keurig Dr Pepper, which is contingent upon the successful completion of a planned merger of Keurig with Dr Pepper Snapple Group, Inc. Following the close of the merger in mid-2018, we expect our ownership in Keurig Dr Pepper to be 13-14%. We expect to account for this new investment under the equity method as we have for Keurig, resulting in our recognizing our share of their earnings within our earnings and our share of their dividends within our cash flows. We will have the right to nominate two directors to the board of Keurig Dr Pepper and will have certain governance rights over Keurig Dr Pepper following the transaction.
Summary Financial Information for Equity Method Investments: Summarized financial information for JDE, Keurig, DSF and our other equity method investments is reflected below.
Other Divestitures and Acquisitions: On December 28, 2017, we completed the sale of a confectionery business in Japan. We received cash proceeds of ¥2.8 billion Japanese Yen ($24 million as of December 28, 2017) and recorded an immaterial pre-tax loss on the divestiture within our AMEA segment. On October 2, 2017, we completed the sale of one of our equity method investments and received cash proceeds of $65 million. We recorded a pre-tax gain of $40 million within the gain on equity method investment transactions and $15 million of tax expense.
In connection with the 2012 spin-off of Kraft Foods Group, Inc. (now a part of The Kraft Heinz Company (“KHC”)), Kraft Foods Group and we each granted the other various licenses to use certain trademarks in connection with particular product categories in specified jurisdictions. On August 17, 2017, we entered into two agreements with KHC to terminate the licenses of certain KHC-owned brands used in our grocery business within our Europe region and to transfer to KHC inventory and certain other assets. On August 17, 2017, the first transaction closed and we received cash proceeds of €9 million ($11 million as of August 17, 2017) and on October 23, 2017, the second transaction closed and we received cash proceeds of €2 million ($3 million as of October 23, 2017). The gain on both transactions combined was immaterial. On July 4, 2017, we completed the sale of most of our grocery business in Australia and New Zealand to Bega Cheese Limited for $456 million Australian dollars ($347 million as of July 4, 2017). We divested $27 million of current assets, $135 million of non-current assets and $4 million of current liabilities based on the July 4, 2017 exchange rate. We recorded a pre-tax gain of $247 million Australian dollars ($187 million as of July 4, 2017) on the sale. We also recorded divestiture-related costs of $2 million and a foreign currency hedge loss of $3 million during 2017. In the fourth quarter of 2017, we recorded a $3 million inventory-related working capital adjustment, increasing the pre-tax gain to $190 million in 2017. On April 28, 2017, we completed the sale of several manufacturing facilities in France and the sale or license of several local confectionery brands. We received cash of approximately €157 million ($169 million as of April 28, 2017), net of cash divested with the businesses. On April 28, 2017, we divested $44 million of current assets, $155 million of non-current assets, $8 million of current liabilities and $22 million of non-current liabilities based on the April 28, 2017 exchange rate. We recorded a $3 million loss on the sale and divestiture-related costs of $27 million in 2017 and $84 million in 2016. These divestiture-related costs were recorded within cost of sales and selling, general and administrative expenses primarily within our Europe segment. In prior periods, we recorded a $5 million impairment charge in May 2016 for a candy trademark to reduce the overall net assets to the estimated net sales proceeds after transaction costs. On March 31, 2016, we recorded a $14 million impairment charge for another 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. During the year ended December 31, 2016, we also completed the following sale transactions:
On November 2, 2016, we purchased from Burton’s Biscuit Company certain intangibles, which included the license to manufacture, market and sell Cadbury-branded biscuits in additional key markets around the world, including in the United Kingdom, France, Ireland, North America and Saudi Arabia. The transaction was accounted for as a business combination. Total cash paid for the acquired assets was £199 million ($245 million as of November 2, 2016). During the third quarter of 2017, we completed the valuation work and finalized the purchase price allocation of $66 million to definite-lived intangible assets, $173 million to goodwill, $2 million to property, plant and equipment and $4 million to inventory, reflecting a November 2, 2016 exchange rate. The acquisition added incremental net revenues of $59 million in 2017 and $16 million in 2016 and added incremental operating income of $8 million in 2017 and $1 million in 2016. During the third quarter of 2016, we completed the acquisition of a Vietnamese biscuit operation within our AMEA 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). On August 22, 2016, in connection with acquiring the remaining 20% interest in the biscuit operation, escrowed funds of $70 million were released and we retained an agreed $20 million related to two outstanding acquisition-related matters. We subsequently released $5 million in 2016 and $9 million in 2017 to the sellers and expect to pay $4 million within five years as remaining indemnified obligations are resolved. On August 22, 2016, 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. The non-compete and consulting agreements were recorded as prepaid contracts within other current and non-current assets and will be amortized into net earnings over the term of the agreements. During the third quarter of 2016, we also finalized the valuation and purchase price allocation of the acquired net assets of the business, which included $10 million of inventory, $49 million of property, plant and equipment, $86 million of intangible assets, $385 million of goodwill and $31 million of other net liabilities. In periods following the initial July 15, 2015 first closing date, the allocation of the net asset fair values had an immaterial impact on our operating results. The acquisition added incremental net revenues of $71 million in 2016 and $121 million in 2015 and added incremental operating income of $5 million in 2016 and $21 million in 2015. Within selling, general and administrative expenses, we recorded integration costs of $7 million in 2016 and $9 million in 2015 and acquisition costs of $7 million in 2015. Sales of Property: On November 9, 2016, we completed the sale of a manufacturing plant in Russia and recorded total expenses of $12 million, including a related fixed asset impairment charge of $4 million within asset impairments and exit costs. The sale of the land, buildings and equipment generated cash proceeds of $6 million. In 2016, we also sold property within our North America segment and from our centrally held corporate assets. In the third quarter of 2016, 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 property within our North America segment and from our centrally held corporate assets. The North America sale generated cash proceeds of $40 million and a pre-tax gain of $33 million. The corporate aircraft sale 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 year ended December 31, 2016. |
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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Inventories |
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Inventories | Note 3. Inventories Inventories consisted of the following:
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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Property, Plant and Equipment |
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Property, Plant and Equipment | Note 4. Property, Plant and Equipment Property, plant and equipment consisted of the following:
Capital expenditures as presented on the statement of cash flow were $1.0 billion, $1.2 billion and $1.5 billion for the years ending December 31, 2017, 2016 and 2015 and excluded $357 million, $343 million and $322 million for accrued capital expenditures not yet paid. In connection with our restructuring program, we recorded non-cash property, plant and equipment write-downs (including accelerated depreciation and asset impairments) of $206 million in 2017, $301 million in 2016 and $264 million in 2015 (see Note 6, 2014-2018 Restructuring Program). These charges related to property, plant and equipment were recorded in the consolidated statements of earnings within asset impairment and exit costs and in the segment results as follows:
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Intangible Assets |
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Goodwill and Intangible Assets | Note 5. Goodwill and Intangible Assets Goodwill by reportable operating segment was:
Intangible assets consisted of the following:
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. Amortization expense for intangible assets was $178 million in 2017, $176 million in 2016 and $181 million in 2015. For the next five years, we estimate annual amortization expense of approximately $175 million for the next three years and approximately $85 million in years four and five, reflecting December 31, 2017 exchange rates. Changes in goodwill and intangible assets consisted of:
Changes to goodwill and intangibles were:
We have historically annually tested goodwill and non-amortizable intangible assets for impairment as of October 1. This year, we voluntarily changed the annual impairment assessment date from October 1 to July 1. We believe this measurement date, which represents a change in the method of applying an accounting principle, is preferable because it better aligns with our strategic business planning process and financial forecasts, which are key components of the annual impairment tests. The change in the measurement date did not delay, accelerate or prevent an impairment charge. Each quarter, we have evaluated goodwill and intangible asset impairment risks and recognized any related impairments to date. As such, the change in the annual test date was applied on July 1, 2017. In 2017, 2016 and 2015, there were no goodwill impairments and each of our reporting units had sufficient fair value in excess of its carrying value. While all reporting units passed our annual impairment testing, if planned business performance expectations are not met or specific valuation factors outside of our control, such as discount rates, change significantly, then the estimated fair values of a reporting unit or reporting units might decline and lead to a goodwill impairment in the future. During our 2017 annual testing of non-amortizable intangible assets, we recorded $70 million of impairment charges in the third quarter related to five trademarks. We also noted thirteen brands, including the five impaired trademarks, with $963 million of aggregate book value as of December 31, 2017 that each had a fair value in excess of book value of 10% or less. We believe our current plans for each of these brands will allow them to continue to not be impaired, but if the product line 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. |
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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2014-2018 Restructuring Program |
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2014-2018 Restructuring Program | Note 6. 2014-2018 Restructuring Program On May 6, 2014, our Board of Directors approved a $3.5 billion restructuring program and up to $2.2 billion of capital expenditures. On August 31, 2016, our Board of Directors approved a $600 million reallocation between restructuring program cash costs and capital expenditures so that now the $5.7 billion program consists of approximately $4.1 billion of restructuring program costs ($3.1 billion cash costs and $1 billion non-cash costs) and up to $1.6 billion of capital expenditures. The primary objective of the 2014-2018 Restructuring Program is to reduce our operating cost structure in both our supply chain and overhead costs. The program is intended primarily to cover severance as well as asset disposals and other manufacturing-related one-time costs. Since inception, we have incurred total restructuring and related implementation charges of $3.3 billion related to the 2014-2018 Restructuring Program. We expect to incur the full $4.1 billion of program charges by year-end 2018.
Restructuring Costs: We recorded restructuring charges of $535 million in 2017, $714 million in 2016 and $711 million in 2015 within asset impairment and exit costs. The 2014-2018 Restructuring Program liability activity for the years ended December 31, 2017 and 2016 was:
We spent $347 million in 2017 and $315 million in 2016 in cash severance and related costs. We also recognized non-cash pension settlement losses (See Note 9, Benefit Plans), non-cash asset write-downs (including accelerated depreciation and asset impairments) and other non-cash adjustments totaling $215 million in 2017 and $321 million in 2016. At December 31, 2017, $412 million of our net restructuring liability was recorded within other current liabilities and $52 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 $257 million in 2017, $372 million in 2016 and $291 million in 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 2017, 2016 and 2015, and since inception of the 2014-2018 Restructuring Program, we recorded restructuring and implementation costs within operating income by segment (as revised to reflect our current segment structure) as follows:
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt and Borrowing Arrangements |
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Debt and Borrowing Arrangements | Note 7. Debt and Borrowing Arrangements Short-Term Borrowings: Our short-term borrowings and related weighted-average interest rates consisted of:
As of December 31, 2017, commercial paper issued and outstanding had between 2 and 75 days remaining to maturity. Commercial paper borrowings increased since the 2016 year-end primarily as a result of issuances to finance the payment of long-term debt maturities, dividend payments and share repurchases during the year. Bank loans include borrowings on primarily uncommitted credit lines maintained by some of our international subsidiaries to meet short-term working capital needs. Collectively, these credit lines amounted to $2.0 billion at December 31, 2017 and $1.8 billion at December 31, 2016. Borrowings on these lines were $107 million at December 31, 2017 and $160 million at December 31, 2016.
Borrowing Arrangements: On March 1, 2017, to supplement our commercial paper program, we entered into a $1.5 billion revolving credit agreement for a 364-day senior unsecured credit facility that is scheduled to expire on February 28, 2018. The agreement includes the same terms and conditions as our existing $4.5 billion multi-year credit facility discussed below. As of December 31, 2017, no amounts were drawn on the facility. We also 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 December 31, 2017, we complied with this covenant as our shareholders’ equity, as defined by the covenant, was $36.1 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 December 31, 2017, no amounts were drawn on the facility. Long-Term Debt: Our long-term debt consisted of (interest rates are as of December 31, 2017):
Deferred debt issuance costs of $33 million as of December 31, 2017 and $40 million as of December 31, 2016 are netted against the related debt in the table above. Deferred financing costs related to our revolving credit facility are classified in long-term other assets and were immaterial for all periods presented. As of December 31, 2017, aggregate maturities of our debt and capital leases based on stated contractual maturities, excluding unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments of $(64) million, were (in millions):
On April 12, 2017, we discharged $488 million of our 6.500% U.S. dollar-denominated debt. We paid $504 million, representing principal as well as past and future interest accruals from February 2017 through the August 2017 maturity date. We recorded an $11 million loss on debt extinguishment within interest expense and a $5 million reduction in accrued interest. On March 30, 2017, fr.175 million (approximately $175 million) of our 0.000% Swiss franc-denominated notes matured. The notes and accrued interest to date were paid with net proceeds from the fr.350 million Swiss franc-denominated notes issued on March 13, 2017.
On March 13, 2017, we launched an offering of fr.350 million of Swiss franc-denominated notes, or $349 million in U.S. dollars as of March 31, 2017, consisting of:
On March 30, 2017, we received net proceeds of fr.349 million (or $349 million) that were used for general corporate purposes. On January 26, 2017, €750 million (approximately $801 million) of our 1.125% euro-denominated notes matured. The notes and accrued interest to date were paid with the issuance of commercial paper and cash on hand. On December 16, 2016, we redeemed $850 million of 2.250% fixed rate notes, maturing on February 1, 2019, that were issued on January 16, 2014. The notes were redeemed at a redemption cost equal to $866 million, plus accrued and unpaid interest of $7 million. In connection with this redemption, during the three months ended December 31, 2016, we recorded a $19 million loss on debt extinguishment within interest and other expense, net. On October 31, 2016, we completed a cash tender offer and retired $3.18 billion of U.S. dollar, euro and British pound sterling-denominated notes. We financed the repurchase of the notes, including the payment of accrued interest and other costs incurred, from net proceeds received on October 28, 2016 from the $3.75 billion note issuance and the term loans described below. In connection with retiring this debt, during the three months ended December 31, 2016, we recorded a $409 million loss on debt extinguishment within interest expense related to the amount we paid to retire the debt in excess of its carrying value and from recognizing unamortized premiums and deferred financing costs in earnings at the time of the debt extinguishment. Cash costs related to tendering the debt are included in long-term debt repayments in the consolidated statement of cash flows for the year ended December 31, 2016. We also recognized $1 million in interest income related to the partial settlement of fair value hedges due to the tender. 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 received proceeds, net of discounts and associated financing costs, of $3.73 billion. Proceeds from the notes issuance were used for general corporate purposes, including to grant loans or make distributions to Mondelēz International, Inc. or its subsidiaries to fund the October 2016 cash tender offer and near-term debt maturities. We recorded approximately $20 million of deferred financing costs and discounts, which will be amortized 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 funding occurred 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:
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 2.1% as of December 31, 2017, 2.2% as of December 31, 2016 and 3.7% as of December 31, 2015. Fair Value of Our Debt: The fair value of our short-term borrowings at December 31, 2017 and December 31, 2016 reflects current market interest rates and approximates the amounts we have recorded on our consolidated balance sheets. 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 December 31, 2017, the aggregate fair value of our total debt was $18,354 million and its carrying value was $17,652 million. At December 31, 2016, the aggregate fair value of our total debt was $17,882 million and its carrying value was $17,199 million. Interest and Other Expense, net: Interest and other expense, net within our results of continuing operations consisted of:
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. 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 2016 and 2015. Also see Note 12, Commitments and Contingencies, for information on the $59 million of other income recorded in 2017 in connection with the resolution of a Brazilian indirect tax matter and the reversal of related accrued interest. |
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Financial Instruments |
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Financial Instruments | Note 8. Financial Instruments Fair Value of Derivative Instruments: Derivative instruments were recorded at fair value in the consolidated balance sheets as follows:
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 on our consolidated balance sheets. The fair value of our asset derivatives is recorded within other current assets and the fair value of our liability derivatives is recorded within other current liabilities. The fair values (asset/(liability)) of our derivative instruments were determined using:
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 $171 million as of December 31, 2017 and $133 million as of December 31, 2016 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 $34 million as of December 31, 2017 and $48 million as of December 31, 2016. As of December 31, 2017, we have no Level 1 derivatives in a net liability position, and as of December 31, 2016 we would have owed $2 million for 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 Level 2 derivatives we have in a net liability position, we would owe $523 million as of December 31, 2017 and $40 million as of December 31, 2016, and for Level 2 derivatives we have in a net asset position, our counterparties would owe us a total of $26 million as of December 31, 2017 and $162 million as of December 31, 2016. 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:
Cash Flow Hedges: Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings/(losses) included:
After-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings were:
After-tax gains/(losses) recognized in other comprehensive earnings/(losses) were:
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, we changed our plans to issue U.S. dollar-denominated debt and instead issued euro and Swiss franc-denominated notes in 2016 and euro, British pound sterling and Swiss franc-denominated notes in 2015. Amounts excluded from effectiveness testing were not material for all other periods presented. We record pre-tax (i) gains or losses reclassified from accumulated other comprehensive earnings/(losses) into earnings, (ii) gains or losses on ineffectiveness and (iii) gains or losses on amounts excluded from effectiveness testing in:
Based on current market conditions, we would expect to transfer unrealized losses of $1 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months. Cash Flow Hedge Coverage: As of December 31, 2017, our longest dated cash flow hedges are interest rate swaps that hedge forecasted interest rate payments over the next 5 years and 10 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:
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:
In connection with the 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 $436 million for the year ended December 31, 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:
Through February 8, 2018, we entered into cross-currency interest rate swaps and forwards with an aggregate notional value of $3.2 billion to hedge our non-U.S. net investments against adverse movements in exchange rates. We designated these swaps and forwards as net investment hedges related to our operations in our Europe and AMEA regions. |
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Benefit Plans | Note 9. Benefit Plans Pension Plans Obligations and Funded Status: The projected benefit obligations, plan assets and funded status of our pension plans were:
The accumulated benefit obligation, which represents benefits earned to the measurement date, was $1,715 million at December 31, 2017 and $1,540 million at December 31, 2016 for the U.S. pension plans. The accumulated benefit obligation for the non-U.S. pension plans was $10,610 million at December 31, 2017 and $9,531 million at December 31, 2016. Salaried and non-union hourly employees hired after January 1, 2009 in the U.S. and after January 1, 2011 in Canada (or earlier for certain legacy Cadbury employees) are no longer eligible to participate in the defined benefit pension plans. These employees are given an enhanced Company contribution to our employee defined contribution plans. For those salaried and non-union hourly employees who are currently participating in the defined benefit pension plans in the U.S. and Canada, benefit accruals will cease December 31, 2019. The combined U.S. and non-U.S. pension plans resulted in a net pension liability of $1,570 million at December 31, 2017 and $1,882 million at December 31, 2016. We recognized these amounts in our consolidated balance sheets as follows:
Certain of our U.S. and non-U.S. plans are underfunded with an accumulated benefit obligations in excess of plan assets. For these plans, the projected benefit obligations, accumulated benefit obligations and the fair value of plan assets were:
We used the following weighted-average assumptions to determine our benefit obligations under the pension plans:
Year-end discount rates for our U.S., Canadian, Eurozone and U.K. plans were developed from a model portfolio of high quality, fixed-income debt instruments with durations that match the expected future cash flows of the benefit obligations. Year-end discount rates for our remaining non-U.S. plans were developed from local bond indices that match local benefit obligations as closely as possible. Changes in our discount rates were primarily the result of changes in bond yields year-over-year. We determine our expected rate of return on plan assets from the plan assets’ historical long-term investment performance, current asset allocation and estimates of future long-term returns by asset class. At the end of 2015, we changed the approach used to measure service and interest costs for pension benefits. 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 measured 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 provided 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 $64 million for the year ended December 31, 2016. This change did not affect the measurement of our plan obligations. We accounted for this change as a change in accounting estimate and, accordingly, accounted for it on a prospective basis. Components of Net Periodic Pension Cost: Net periodic pension cost consisted of the following:
For the U.S. plans, we determine the expected return on plan assets component of net periodic benefit cost using a calculated market return value that recognizes the cost over a four year period. For our non-U.S. plans, we utilize a similar approach with varying cost recognition periods for some plans, and with others, we determine the expected return on plan assets based on asset fair values as of the measurement date. As of December 31, 2017, for the combined U.S. and non-U.S. pension plans, we expected to amortize from accumulated other comprehensive earnings/(losses) into net periodic pension cost during 2018:
We used the following weighted-average assumptions to determine our net periodic pension cost:
Plan Assets: The fair value of pension plan assets was determined using the following fair value measurements:
We excluded plan assets of $71 million at December 31, 2017 and $62 million at December 31, 2016 from the above tables related to certain insurance contracts as they are reported at contract value, in accordance with authoritative guidance. Fair value measurements:
Changes in our Level 3 plan assets, which are recorded in other comprehensive earnings/(losses), included:
The increases in Level 3 pension plan investments during 2017 were primarily due to net purchases in corporate bonds and other fixed income securities, which includes private debt placements, and the effects of currency. The decreases in Level 3 pension plan investments during 2016 were primarily due to net settlements in real estate funds and the effects of currency. The percentage of fair value of pension plan assets was:
For our U.S. plans, our investment strategy is to reduce the risk of underfunded plans in part through appropriate asset allocation within our plan assets. We attempt to maintain our target asset allocation by rebalancing between asset classes as we make contributions and monthly benefit payments. The strategy involves using indexed U.S. equity and international equity securities and actively managed U.S. investment grade fixed-income securities (which constitute 95% or more of fixed-income securities) with smaller allocations to high yield fixed-income securities.
For our non-U.S. plans, the investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. In aggregate, the asset allocation targets of our non-U.S. plans are broadly characterized as a mix of approximately 32% equity securities (including investments in real estate), approximately 66% fixed-income securities and approximately 2% for other types of securities. Our investment strategy for our largest non-U.S. plan, which comprises 63% of our non-U.S. pension assets, is designed to balance risk and return by diversifying across a wide range of return-seeking and liability matching assets, invested in a range of both active and passive mandates. We target an allocation of approximately 23% in equity securities, 20% credit, and 57% liability matching assets. The strategy uses indexed global developed equities, actively managed global investment grade and alternative credit, real estate and other liability matching assets including a buy-in annuity policy. Employer Contributions: In 2017, we contributed $23 million to our U.S. pension plans and $470 million to our non-U.S. pension plans. The non-U.S. amount included a non-recurring $250 million contribution made in connection with a new funding agreement for a Company plan in the United Kingdom. In addition, employees contributed $12 million to our non-U.S. plans. We make contributions to our pension plans in accordance with local funding arrangements and statutory minimum funding requirements. Discretionary contributions are made to the extent that they are tax deductible and do not generate an excise tax liability. In 2018, we estimate that our pension contributions will be $39 million to our U.S. plans and $250 million to our non-U.S. plans based on current tax laws. Our actual contributions may be different due to many factors, including changes in tax and other benefit laws, significant differences between expected and actual pension asset performance or interest rates. Future Benefit Payments: The estimated future benefit payments from our pension plans at December 31, 2017 were (in millions):
Multiemployer Pension Plans: In accordance with obligations we have under collective bargaining agreements, we made contributions to multiemployer pension plans of $26 million in 2017, $25 million in 2016 and $31 million in 2015. There are risks of participating in multiemployer pension plans that are different from single employer plans. Contributions made by a participating employer are not segregated to be used to provide benefits for participants related to that participating employer. If a participating employer stops contributing to the plan, the unfunded vested obligations of the plan are borne by the remaining participating employers. The only individually significant multiemployer plan we participate in as of December 31, 2017 is the Bakery and Confectionery Union and Industry International Pension Fund (the “Fund”). Our contributions to the Fund exceeded 5% of total contributions to the Fund for fiscal years 2017, 2016 and 2015. Our contributions to the Fund were $22 million in 2017, $21 million in 2016 and $27 million in 2015. Our contributions to other multiemployer pension plans that were not individually significant were $4 million in 2017, $4 million in 2016 and $4 million in 2015. Our contributions are based on our contribution rates under our collective bargaining agreements, the number of our eligible employees and Fund surcharges.
Effective January 1, 2012, the Fund’s zone status changed to “Red”. As a result of this certification, beginning in July 2012, we were charged a 10% surcharge on our contribution rates. The Fund subsequently adopted a rehabilitation plan on November 7, 2012 that required contribution increases and reductions to benefit provisions. As of August 28, 2016, the 10% surcharge was no longer applicable and we were required to pay higher contributions under the Fund’s rehabilitation plan. Although our collective bargaining agreements with the Fund expired during 2016 and while we continue to renegotiate the agreements, we continue to make contributions to the Fund.
Other Costs: We sponsor and contribute to employee defined contribution plans. These plans cover eligible salaried, non-union and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense in continuing operations for defined contribution plans totaled $43 million in 2017, $44 million in 2016 and $45 million in 2015. Postretirement Benefit Plans Obligations: Our postretirement health care plans are not funded. The changes in and the amount of the accrued benefit obligation were:
The current portion of our accrued postretirement benefit obligation of $16 million at December 31, 2017 and $12 million at December 31, 2016 was included in other current liabilities. We used the following weighted-average assumptions to determine our postretirement benefit obligations:
Year-end discount rates for our U.S., Canadian and U.K. plans were developed from a model portfolio of high quality, fixed-income debt instruments with durations that match the expected future cash flows of the benefit obligations. Year-end discount rates for our remaining non-U.S. plans were developed from local bond indices that match local benefit obligations as closely as possible. Changes in our discount rates were primarily the result of changes in bond yields year-over-year. Our expected health care cost trend rate is based on historical costs. At the end of 2015, we changed the approach used to measure service and interest costs for other postretirement benefits. 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 measured 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 provided 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 cost of approximately $4 million for the year ended December 31, 2016. This change does not affect the measurement of our plan obligations. We accounted for this change as a change in accounting estimate and, accordingly, accounted for it on a prospective basis. Assumed health care cost trend rates have a significant impact on the amounts reported for the health care plans. A one-percentage-point change in assumed health care cost trend rates would have the following effects:
Components of Net Periodic Postretirement Health Care Costs: Net periodic postretirement health care costs consisted of the following:
As of December 31, 2017, we expected to amortize from accumulated other comprehensive earnings/(losses) into pre-tax net periodic postretirement health care costs during 2018:
We used the following weighted-average assumptions to determine our net periodic postretirement health care cost:
Future Benefit Payments: Our estimated future benefit payments for our postretirement health care plans at December 31, 2017 were (in millions):
Other Costs: We made contributions to multiemployer medical plans totaling $18 million in 2017, $19 million in 2016 and $20 million in 2015. These plans provide medical benefits to active employees and retirees under certain collective bargaining agreements.
Postemployment Benefit Plans Obligations: Our postemployment plans are primarily not funded. The changes in and the amount of the accrued benefit obligation at December 31, 2017 and 2016 were:
The accrued benefit obligation was determined using a weighted-average discount rate of 6.5% in 2017 and 6.2% in 2016, an assumed weighted-average ultimate annual turnover rate of 0.3% in 2017 and 2016, assumed compensation cost increases of 4.0% in 2017 and 2016 and assumed benefits as defined in the respective plans. Postemployment costs arising from actions that offer employees benefits in excess of those specified in the respective plans are charged to expense when incurred. Components of Net Periodic Postemployment Costs: Net periodic postemployment costs consisted of the following:
As of December 31, 2017, the estimated net gain for the postemployment benefit plans that we expected to amortize from accumulated other comprehensive earnings/(losses) into net periodic postemployment costs during 2018 was approximately $3 million.
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- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Plans |
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Stock Plans | Note 10. Stock Plans Under our Amended and Restated 2005 Performance Incentive Plan (the “Plan”), we are authorized through May 21, 2024 to issue a maximum of 243.7 million shares of our Common Stock to employees and non-employee directors. As of December 31, 2017, there were 67.2 million shares available to be granted under the Plan. Stock Options: Stock options (including stock appreciation rights) are granted at an exercise price equal to the market value of the underlying stock on the grant date, generally become exercisable in three annual installments beginning on the first anniversary of the grant date and have a maximum term of ten years. We account for our employee stock options under the fair value method of accounting using a Black-Scholes methodology to measure stock option expense at the date of grant. The fair value of the stock options at the date of grant is amortized to expense over the vesting period. We recorded compensation expense related to stock options held by our employees of $50 million in 2017, $57 million in 2016 and $50 million in 2015 in our results from continuing operations. The deferred tax benefit recorded related to this compensation expense was $12 million in 2017, $15 million in 2016 and $13 million in 2015. The unamortized compensation expense related to our employee stock options was $44 million at December 31, 2017 and is expected to be recognized over a weighted-average period of 1.2 years.
Our weighted-average Black-Scholes fair value assumptions were:
The risk-free interest rate represents the constant maturity U.S. government treasuries rate with a remaining term equal to the expected life of the options. The expected life is the period over which our employees are expected to hold their options. Volatility reflects historical movements in our stock price for a period commensurate with the expected life of the options. The dividend yield reflects the dividend yield in place at the time of the historical grants. Stock option activity is reflected below:
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. We may grant shares of deferred stock units to eligible employees, giving them, in most instances, all of the rights of shareholders, except that they may not sell, assign, pledge or otherwise encumber the shares and our deferred stock units do not have voting rights until vested. Shares of deferred stock units are subject to forfeiture if certain employment conditions are not met. Deferred stock units generally vest on the third anniversary of the grant date. Performance share units granted under our 2005 Plan vest based on varying performance, market and service conditions. The unvested performance share units have no voting rights and do not pay dividends. Dividend equivalents accumulated over the vesting period are paid only after the performance share units vest.
The fair value of the deferred stock units, performance share units and restricted stock at the date of grant is amortized to earnings over the vesting period. The fair value of our deferred stock units and restricted stock is measured at the market price of our Common Stock on the grant date. Performance share unit awards generally have targets tied to both performance and market-based conditions. For market condition components, market volatility and other factors are taken into consideration in determining the grant date fair value and the related compensation expense is recognized regardless of whether the market condition is satisfied, provided that the requisite service has been provided. For performance condition components, we estimate the probability that the performance conditions will be achieved each quarter and adjust compensation expenses accordingly. The grant date fair value of performance share units is determined based on the Monte Carlo simulation model for the market-based total shareholder return component and the market price of our Common Stock on the grant date for performance-based components. The number of performance share units that ultimately vest ranges from 0-200 percent of the number granted, based on the achievement of the performance and market-based components. We recorded compensation expense related to deferred stock units, performance share units and restricted stock of $87 million in 2017, $83 million in 2016 and $86 million in 2015 in our results from continuing operations. The deferred tax benefit recorded related to this compensation expense was $23 million in 2017, $22 million in 2016 and $24 million in 2015. The unamortized compensation expense related to our deferred stock units, performance share units and restricted stock was $138 million at December 31, 2017 and is expected to be recognized over a weighted-average period of 1.8 years. Our performance share unit, deferred stock unit and restricted stock activity is reflected below:
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Capital Stock |
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Capital Stock | Note 11. Capital Stock Our amended and restated articles of incorporation authorize 5.0 billion shares of Class A common stock (“Common Stock”) and 500 million shares of preferred stock. There were no preferred shares issued and outstanding at December 31, 2017, 2016 and 2015. Shares of Common Stock issued, in treasury and outstanding were:
Stock plan awards to employees and non-employee directors are issued from treasury shares. At December 31, 2017, 123 million shares of Common Stock held in treasury were reserved for stock options and other stock awards. Share Repurchase Program: Between 2013 and 2017, our Board of Directors authorized the repurchase of a total of $13.7 billion of our Common Stock through December 31, 2018. On January 31, 2018, 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 $19.7 billion of Common Stock repurchases, and extended the program through December 31, 2020. Repurchases under the program are determined by management and are wholly discretionary. Prior to January 1, 2017, we had repurchased approximately $10.8 billion of Common Stock pursuant to this authorization. During 2017, we repurchased approximately 50.6 million shares of Common Stock at an average cost of $43.51 per share, or an aggregate cost of approximately $2.2 billion, all of which was paid during the period except for approximately $28 million settled in January 2018. All share repurchases were funded through available cash and commercial paper issuances. As of December 31, 2017, we have approximately $0.6 billion in remaining share repurchase capacity. As of January 31, 2018, subsequent to approximately $0.1 billion of share repurchases in January, our remaining share repurchase capacity was $6.5 billion. |
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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies |
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Commitments and Contingencies | Note 12. Commitments and Contingencies Legal Proceedings: We are subject to legal proceedings, claims and governmental inspections or investigations incidental to our business, including those specified below. 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 ($59 million as of December 31, 2017) 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 ($91 million as of December 31, 2017). We have appealed this order. In addition, the Excise Authority issued additional show cause notices in February 2015, December 2015 and October 2017 on the same issue but covering the periods January to October 2014, November 2014 to September 2015 and October 2015 to June 2017, respectively. These notices added a total of 4.9 billion Indian rupees ($77 million as of December 31, 2017) of unpaid excise taxes as well as penalties to be determined up to an amount equivalent to that claimed by the Excise Authority plus interest. With the implementation of the new Goods and Services Tax in India in July 2017, we will not receive any further show cause notices for additional amounts on this issue. 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 bear any monetary penalties or other payments in connection with the CFTC action. We are a party to various legal proceedings incidental to our business, including those noted above in this section. At present we believe that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm our financial position, results of operations or cash flows. However, legal proceedings and government investigations are subject to inherent uncertainties, and unfavorable rulings or other events could occur. Unfavorable resolutions could involve substantial monetary damages. In addition, in matters for which conduct remedies are sought, unfavorable resolutions could include an injunction or other order prohibiting us from selling one or more products at all or in particular ways, precluding particular business practices or requiring other remedies. An unfavorable outcome might result in a material adverse impact on our business, results of operations or financial position.
Third-Party Guarantees: We enter into third-party guarantees primarily to cover 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 December 31, 2017, we had no material third-party guarantees recorded on our consolidated balance sheet. Tax Matters: As part of our 2010 Cadbury acquisition, we became the responsible party for tax matters under a February 2, 2006 dated Deed of Tax Covenant between the Cadbury Schweppes PLC and related entities (“Schweppes”) and Black Lion Beverages and related entities. The tax matters included an ongoing transfer pricing case with the Spanish tax authorities related to the Schweppes businesses Cadbury divested prior to our acquisition of Cadbury. During the first quarter of 2017, the Spanish Supreme Court decided the case in our favor. As a result of the final ruling, during the first quarter of 2017, we recorded a favorable earnings impact of $46 million in selling, general and administrative expenses and $12 million in interest and other expense, net, for a total pre-tax impact of $58 million due to the non-cash reversal of Cadbury-related accrued liabilities related to this matter. In 2017, we recorded additional income of $4 million related to bank guarantee releases within selling, general and administrative expenses and interest and other expense, net. During the first quarter of 2017, the Brazilian Supreme Court (the “Court”) ruled against the Brazilian tax authorities in a leading case related to the computation of certain indirect taxes. The Court ruled that the indirect tax base should not include a value-added tax known as “ICMS”. By removing the ICMS from the tax base, the Court effectively eliminated a “tax on a tax.” Our Brazilian subsidiary had received an injunction against making payments for the “tax on a tax” in 2008 and since that time until December 2016, had accrued this portion of the tax each quarter in the event that the tax was reaffirmed by the Brazilian courts. On September 30, 2017, based on legal advice and the publication of the Court’s decision related to this case, we determined that the likelihood that the increased tax base would be reinstated and assessed against us was remote. Accordingly, we reversed our accrual of 667 million Brazilian reais, or $212 million as of September 30, 2017, of which, $153 million was recorded within selling, general and administrative expenses and $59 million was recorded within interest and other expense, net. The Brazilian tax authority is seeking potential clarification or adjustment of the terms of enforcement with the Court. We continue to monitor developments in this matter and currently do not expect a material future impact on our financial statements. Leases: Rental expenses recorded in continuing operations were $284 million in 2017, $317 million in 2016 and $331 million in 2015. As of December 31, 2017, minimum rental commitments under non-cancelable operating leases in effect at year-end were (in millions):
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reclassifications from Accumulated Other Comprehensive Income |
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Reclassifications from Accumulated Other Comprehensive Income | Note 13. 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 $174 million in 2017, $250 million in 2016 and $350 million in 2015.
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes |
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Income Taxes | Note 14. Income Taxes On December 22, 2017, new U.S. tax reform legislation was enacted that included a broad range of complex provisions impacting the taxation of businesses. Certain impacts of the new legislation would generally require accounting to be completed in the period of enactment, however in response to the complexities of this new legislation, the SEC issued guidance to provide companies with relief. Specifically, when the initial accounting for items under the new legislation is incomplete, the guidance allows us to recognize provisional amounts when reasonable estimates can be made or to continue to apply the prior tax law if a reasonable estimate of the impact cannot be made. The SEC has provided up to a one-year window for companies to finalize the accounting for the impacts of this new legislation and we anticipate finalizing our accounting during 2018. While our accounting for the new U.S. tax legislation is not complete, we have made reasonable estimates for some provisions and recognized a $59 million discrete net tax benefit in our 2017 financial statements. This net benefit is primarily comprised of a $1,311 million provisional deferred tax benefit from revaluing our net U.S. deferred tax liabilities to reflect the new U.S. corporate tax rate as well as an additional $61 million provisional deferred tax benefit related to changes in our indefinite reinvestment assertion, partially offset by a $1,317 million provisional charge for the estimated transition tax. In general, the transition tax is as a result of the deemed repatriation imposed by the new legislation that results in the taxation of our accumulated foreign earnings and profits (“E&P”) at a 15.5% rate on liquid assets (i.e. cash and other specified assets) and 8% on the remaining unremitted foreign E&P, both net of foreign tax credits. At this time, we have not yet gathered, prepared and analyzed the necessary information in sufficient detail to complete the complex calculations necessary to finalize the amount of our transition tax. We believe that our provisional calculations result in a reasonable estimate of the transition tax and related foreign tax credit, and as such have included those amounts in our year-end income tax provision. We do not believe that it is more likely than not that we will realize the benefit of the estimated excess foreign tax credit carryforward created by the deemed repatriation and have thus recognized a full valuation allowance against this deferred tax asset. As we complete the analysis of accumulated foreign E&P and related foreign taxes paid on an entity by entity basis and finalize the amounts held in cash or other specified assets, we will update our provisional estimate of the transition tax and related foreign tax credit, including any excess credit carryforward and the corresponding valuation allowance. Our estimate of the deferred tax benefit due to the revaluation of our net U.S. deferred tax liabilities is also a provisional amount under the SEC’s guidance. Due to the newly enacted U.S. tax rate change, timing differences that are estimated balances as of the date of enactment and year-end will result in changes to our estimate of the deferred rate change when those estimates are finalized with the filing of the 2017 income tax return. This is a result of the different federal income tax rates in effect for 2017 (35%) and 2018 (21%). Since many of the year-end deferred tax balances include estimates of events that have not yet occurred such as payments expected to be made during 2018 but which are deductible on the 2017 tax return, these amounts cannot yet be known to finalize the impact of the tax rate change. As a result of U.S. tax reform, we have changed our indefinite reinvestment assertion for most companies owned directly by our U.S. subsidiaries, and as such, we may need to accrue deferred taxes. As of year end, we have calculated the impact to accrue the deferred tax assets related to two entities where the deferred tax benefits are now expected to be realized in the foreseeable future. However, we do not have the necessary information gathered, prepared and analyzed to make a reasonable estimate of the impact of any remaining outside basis differences inherent in the rest of our foreign subsidiaries. We will gather the information necessary and compute the outside basis differences for those subsidiaries where we are no longer indefinitely reinvested and record any new deferred taxes as reasonable estimates are available. We estimate that the unremitted earnings as of December 31, 2017 in those subsidiaries where we expect to continue to be indefinitely reinvested is approximately $2 billion. It is impracticable for us to determine the amount of unrecognized deferred tax liabilities on these indefinitely reinvested earnings. Future tax law changes or changes in the needs of our non-U.S. subsidiaries could require us to recognize deferred tax liabilities on a portion, or all, of our accumulated earnings that were previously expected to be indefinitely reinvested.
The legislation also establishes new provisions that will affect our 2018 results, including but not limited to, a reduction in the U.S. corporate tax rate on domestic operations; the creation of a new minimum tax called the base erosion anti-abuse tax (BEAT); a new provision that taxes U.S. allocated expenses (e.g. interest and general administrative expenses) as well as currently taxes certain income from foreign operations (Global Intangible Low-Tax Income, or “GILTI”); a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries; a new limitation on deductible interest expense; the repeal of the domestic manufacturing deduction; and limitations on the deductibility of certain employee compensation. While the new legislation generally eliminates U.S. federal income tax on dividends from foreign subsidiaries going forward, certain income earned by certain subsidiaries must be included currently in our U.S. taxable income under the new GILTI inclusion rules (as a result of U.S. expense allocation rules). Because of the complexity of the new GILTI tax rules, we are continuing to evaluate this provision of the legislation and the application of U.S. GAAP. Under U.S. GAAP, we are allowed to make an accounting policy election and either treat taxes due from GILTI as a current-period expense when they are incurred or factor such amounts into our measurement of deferred taxes. Our selection of an accounting policy with respect to the new GILTI rules will depend in part on analyzing our global income to determine whether we expect to have future U.S. inclusions in taxable income related to GILTI, and if so, what the impact is expected to be. We have not yet computed a reasonable estimate of the effect of this provision, and therefore, we have not made a policy decision regarding whether to record deferred taxes related to GILTI nor have we made any adjustments related to GILTI tax in our year-end financial statements. Earnings/(losses) from continuing operations before income taxes and the provision for income taxes consisted of:
We recorded an out-of-period adjustment of $14 million net expense in 2015 that had an immaterial impact on the annual provision for income taxes. The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons:
Our 2017 effective tax rate of 22.0% was favorably impacted by the mix of pre-tax income in various non-U.S. tax jurisdictions and net tax benefits from $117 million of discrete one-time events, partially offset by an increase in domestic earnings as compared to the prior year. The discrete net tax benefits included the provisional net impact from U.S. tax reform discussed previously, favorable audit settlements and statutes of limitations in various jurisdictions, and the net reduction of our French and Belgian deferred tax liabilities resulting from tax legislation enacted during 2017 that reduced the corporate income tax rates in each country, partially offset by the addition of a valuation allowance in one of our Chinese entities. Our 2016 effective tax rate of 8.9% was favorably impacted by the mix of pre-tax income in various non-U.S. tax jurisdictions and net tax benefits from $161 million of discrete one-time events. The discrete net tax benefits related to favorable audit settlements and statutes of limitations in various jurisdictions and the net reduction of our U.K. and French deferred tax liabilities resulting from tax legislation enacted during 2016 that reduced the corporate income tax rates in each country. Our 2015 effective tax rate of 7.5% was favorably impacted by the one-time third quarter sale of our coffee business that resulted in a pre-tax gain of $6,809 million and $184 million of related tax expense, as well as $27 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. The benefit of the third quarter transaction was partially offset by the tax costs associated with the sale of our interest in AGF in the first half of the year and the impact of deconsolidating our Venezuelan operations on December 31, 2015. Excluding the impacts of these transactions, our effective tax rate would have been 17.8%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions and net tax benefits from $119 million of discrete one-time events. The remaining discrete one-time events primarily related to favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions and the net reduction of U.K. deferred tax liabilities resulting from tax legislation enacted during 2015 that reduced the U.K. corporate income tax rate. The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following:
Our significant valuation allowances are in the U.S., Mexico, China and Ireland. The U.S. valuation allowance relates to excess foreign tax credits generated by the deemed repatriation under U.S. tax reform. The valuation allowance in China results from a change in judgment as to the realizability of one of our Chinese entity’s deferred tax assets. The Mexico and Ireland valuation allowances relate to loss carryforwards where we do not currently expect to generate gains of the proper character to utilize the carryforwards in the future. At December 31, 2017, the Company has pre-tax loss carryforwards of $4,060 million, of which $1,105 million will expire at various dates between 2018 and 2037 and the remaining $2,955 million can be carried forward indefinitely. The changes in our unrecognized tax benefits were:
As of January 1, 2017, our unrecognized tax benefits were $610 million. If we had recognized all of these benefits, the net impact on our income tax provision would have been $549 million. Our unrecognized tax benefits were $579 million at December 31, 2017, and if we had recognized all of these benefits, the net impact on our income tax provision would have been $524 million. Within the next 12 months, our unrecognized tax benefits could increase by approximately $40 million due to unfavorable audit developments or decrease by approximately $150 million due to audit settlements and the expiration of statutes of limitations in various jurisdictions. We include accrued interest and penalties related to uncertain tax positions in our tax provision. We had accrued interest and penalties of $189 million as of January 1, 2017 and $212 million as of December 31, 2017. Our 2017 provision for income taxes included $26 million for interest and penalties. Our income tax filings are regularly examined by federal, state and non-U.S. tax authorities. Our 2013-2015 U.S. federal income tax filings are currently under examination by the IRS. U.S. state and non-U.S. jurisdictions have statutes of limitations generally ranging from three to five years; however, these statutes are often extended by mutual agreement with the tax authorities. Years still open to examination by non-U.S. tax authorities in major jurisdictions include (earliest open tax year in parentheses): Brazil (2012), China (2007), France (2014), India (2005), Italy (2012) and the United Kingdom (2015). |
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share |
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Earnings Per Share | Note 15. Earnings Per Share Basic and diluted earnings per share (“EPS”) were calculated as follows:
We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options of 8.5 million for the year ended December 31, 2017, 7.8 million for the year ended December 31, 2016 and 5.1 million for the year ended December 31, 2015. |
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Reporting |
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Segment Reporting | Note 16. 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 four reportable operating segments:
On October 1, 2016, we integrated our EEMEA operating segment into our Europe and Asia Pacific operating segments to further leverage and optimize the operating scale built within the Europe and Asia Pacific regions. 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 region to form the AMEA operating segment. We have reflected the segment change as if it had occurred in all periods presented. 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. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments through July 2, 2015 recorded within segment operating income were $52 million in AMEA and $4 million in North America. See Note 1, Summary of Significant Accounting Policies – Principles of Consolidation, and Note 2, Divestitures and Acquisitions, for additional information. In 2015, we also began to report stock-based compensation for our corporate employees within general corporate expenses that were reported within our North America region. We reclassified $32 million of corporate stock-based compensation expense in 2015 from the North America segment to general corporate expenses. 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, 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, reflecting our current segment structure for all periods presented, were:
No single customer accounted for 10% or more of our net revenues from continuing operations in 2017. Our five largest customers accounted for 15.6% and our ten largest customers accounted for 21.4% of net revenues from continuing operations in 2017. Items impacting our segment operating results are discussed in Note 1, Summary of Significant Accounting Policies, including the Venezuela deconsolidation and currency devaluation, Note 2, Divestitures and Acquisitions, Note 4, Property, Plant and Equipment, Note 5, Goodwill and Intangible Assets, Note 6, 2014-2018 Restructuring Program and Note 12, Commitments and Contingencies. 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. Total assets, depreciation expense and capital expenditures by segment, reflecting our current segment structure for all periods presented, were:
Geographic data for net revenues (recognized in the countries where products are sold) and long-lived assets, excluding deferred tax, goodwill, intangible assets and equity method investments, were:
No individual country within Other exceeded 10% of our net revenues or long-lived assets for all periods presented. Net revenues by product category, reflecting our current segment structure for all periods presented, were:
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Financial Data (Unaudited) |
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Quarterly Financial Data (Unaudited) | Note 17. Quarterly Financial Data (Unaudited) Our summarized operating results by quarter are detailed below.
Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not equal the total for the year. During 2017 and 2016, we recorded the following pre-tax (charges)/gains in earnings from continuing operations:
Items impacting our operating results are discussed in Note 1, Summary of Significant Accounting Policies, including the Venezuela deconsolidation and currency devaluations, Note 2, Divestitures and Acquisitions, Note 5, Goodwill and Intangible Assets, Note 6, 2014-2018 Restructuring Program, and Note 7, Debt and Borrowing Arrangements. |
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Valuation and Qualifying Accounts |
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Valuation and Qualifying Accounts | Mondelēz International, Inc. and Subsidiaries Valuation and Qualifying Accounts For the Years Ended December 31, 2017, 2016 and 2015 (in millions)
Notes:
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- Definition The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Policies) |
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Description of Business | Description of Business: Mondelēz International, Inc. was incorporated in 2000 in the Commonwealth of Virginia. Mondelēz International, Inc., through its subsidiaries (collectively “Mondelēz International,” “we,” “us” and “our”), sells food and beverage products to consumers in approximately 160 countries. |
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Principles of Consolidation | Principles of Consolidation: The consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries. All intercompany transactions are eliminated. The noncontrolling interest represents the noncontrolling investors’ interests in the results of subsidiaries that we control and consolidate. Through December 31, 2015, the operating results of our Venezuelan subsidiaries are included in our consolidated financial statements. As of the close of the fourth quarter of 2015, we deconsolidated our Venezuelan operations from our consolidated financial statements and recognized a loss on deconsolidation. See Currency Translation and Highly Inflationary Accounting: Venezuela below for more information. We account for investments in which we exercise significant influence under the equity method of accounting. 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. (For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis and thus are not shown on our consolidated statement of earnings for this period.) Please see Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, Keurig Transaction and Planned Keurig Dr Pepper Transaction, and Note 16, Segment Reporting, for more information on these transactions. We use the cost method of accounting for investments in which we do not exercise significant influence or control. Under the cost method of accounting, earnings are recognized to the extent cash is received. |
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Use of Estimates | Use of Estimates: We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which require us to make estimates and assumptions that affect a number of amounts in our consolidated financial statements. Significant accounting policy elections, estimates and assumptions include, among others, pension and benefit plan assumptions, valuation assumptions of goodwill and intangible assets, useful lives of long-lived assets, restructuring program liabilities, marketing program accruals, insurance and self-insurance reserves and income taxes. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements. |
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Segment Change | Segment Change: On October 1, 2016, we integrated our Eastern Europe, Middle East, and Africa (“EEMEA”) operating segment into our Europe and Asia Pacific operating segments to further leverage and optimize the operating scale built within the Europe and Asia Pacific regions. Russia, Ukraine, Turkey, Belarus, Georgia and Kazakhstan were combined within our Europe region, while the remaining Middle East and African countries were combined within our Asia Pacific region to form a new Asia, Middle East and Africa (“AMEA”) operating segment. We have reflected the segment change as if it had occurred in all periods presented. As of October 1, 2016, our operations and management structure were organized into four reportable operating segments:
See Note 16, Segment Reporting, for additional information on our segments. |
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Currency Translation and Highly Inflationary Accounting | 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. Highly inflationary accounting is triggered when a country’s three-year cumulative inflation rate exceeds 100%. It requires the remeasurement of financial statements of subsidiaries in the country, from the functional currency of the subsidiary to our U.S. dollar reporting currency, with currency remeasurement gains or losses recorded in earnings. In 2017, none of our consolidated subsidiaries were accounted for as highly inflationary economies. Argentina. We continue to closely monitor inflation and the potential for the economy to become highly inflationary for accounting purposes. As of December 31, 2017, the Argentinian economy was not designated as highly inflationary and we continued to record currency translation adjustments within equity and realized exchange gains and losses on transactions in earnings. Our Argentinian operations contributed $601 million, or 2.3% of consolidated net revenues in 2017. The net monetary liabilities of our Argentinian operations as of December 31, 2017 were not material. Ukraine. Based on inflation data published by the National Bank of Ukraine, Ukraine’s three-year cumulative inflation rate dropped and remained below 100% by the end of 2017. As such, Ukraine is no longer highly inflationary and we continue to record currency translation adjustments within equity and realized exchange gains and losses on transactions in earnings. Our Ukrainian operations contributed $73 million, or 0.3%, of consolidated net revenues in 2017. The net monetary assets of our Ukrainian operations as of December 31, 2017 were not material. 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. The economic and regulatory 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 reflected the inflation and economic uncertainty in Venezuela. For 2015, the operating results of our Venezuela operations were included in our consolidated statements of earnings. During this time, we recognized a number of currency-related remeasurement losses resulting from devaluations of the Venezuela bolivar exchange rates 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 the 2015 remeasurement losses, the deconsolidation loss and historical operating results and financial position of our Venezuelan subsidiaries for the period presented:
Beginning in 2016, we no longer included net revenues, earnings or net assets of our Venezuelan subsidiaries within our 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. In early 2018, the profitability and cash flows of our local operations significantly deteriorated following the issuance of new government price controls. We are engaging with authorities on the pricing restrictions, however, if the situation is not resolved, it could significantly impede our ability to continue to operate in Venezuela. Other Countries. Since we sell our products in approximately 160 countries and have operations in over 80 countries, we 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 and exchange rate volatility, including Brazil, China, Mexico, Russia, United Kingdom (Brexit), Turkey, Egypt, Nigeria and South Africa. We continue to monitor operations, currencies and net monetary exposures in these countries. At this time, we do not anticipate a risk to our operating results from changing to highly inflationary accounting in these countries. |
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Cash and Cash Equivalents | Cash and Cash Equivalents: Cash and cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. |
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Transfers of Financial Assets | 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 $1.0 billion. 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. The outstanding principal amount of receivables under this arrangement amounted to $804 million as of December 31, 2017, $644 million as of December 31, 2016 and $570 million as of December 31, 2015. The incremental cost of factoring receivables under this arrangement were no more than $6 million in each of the years presented. The proceeds from the sales of receivables are included in cash from operating activities in the consolidated statements of cash flows. |
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Accounting Calendar Change | 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 $76 million on net revenues and $36 million on operating income in 2015. As a result of this change, each of our operating subsidiaries now reports results as of the last calendar day of the period. |
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Inventories | Inventories: We value our inventory using the average cost method. We also record inventory allowances for overstock and obsolete inventories due to ingredient and packaging changes. |
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Long-Lived Assets | Long-Lived Assets: Property, plant and equipment are stated at historical cost and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods ranging from 3 to 20 years and buildings and building improvements over periods up to 40 years. We review long-lived assets, including amortizable intangible assets, for realizability on an ongoing basis. Changes in depreciation, generally accelerated depreciation, are determined and recorded when estimates of the remaining useful lives or residual values of long-term assets change. We also review for impairment when conditions exist that indicate the carrying amount of the assets may not be fully recoverable. In those circumstances, we perform undiscounted operating cash flow analyses to determine if an impairment exists. When testing for asset impairment, we group assets and liabilities at the lowest level for which cash flows are separately identifiable. Any impairment loss is calculated as the excess of the asset’s carrying value over its estimated fair value. Fair value is estimated based on the discounted cash flows for the asset group over the remaining useful life or based on the expected cash proceeds for the asset less costs of disposal. Any significant impairment losses would be recorded within asset impairment and exit costs in the consolidated statements of earnings. |
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Software Costs | Software Costs: We capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use. Capitalized software costs are included in property, plant and equipment and amortized on a straight-line basis over the estimated useful lives of the software, which do not exceed seven years. |
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Goodwill and Non-Amortizable Intangible Assets | Goodwill and Non-Amortizable Intangible Assets: We have historically annually tested goodwill and non-amortizable intangible assets for impairment as of October 1. In 2017, we voluntarily changed the annual impairment assessment date from October 1 to July 1. We believe this measurement date, which represents a change in the method of applying an accounting principle, is preferable because it better aligns with our strategic business planning process and financial forecasts, which are key components of the annual impairment tests. The change in the measurement date did not delay, accelerate or prevent an impairment charge. Each quarter, we have evaluated goodwill and intangible asset impairment risks and recognized any related impairments to date. As such, the change in the annual test date was applied on July 1, 2017. We assess goodwill impairment risk throughout the year by performing a qualitative review of entity-specific, industry, market and general economic factors affecting our goodwill reporting units. We review our operating segment and reporting unit structure for goodwill testing annually or as significant changes in the organization occur. Annually, we may perform qualitative testing, or depending on factors such as prior-year test results, current year developments, current risk evaluations and other practical considerations, we may elect to do quantitative testing instead. In our quantitative testing, we compare a reporting unit’s estimated fair value with its carrying value. We estimate a reporting unit’s fair value using a discounted cash flow method that incorporates planned growth rates, market-based discount rates and estimates of residual value. This year, for our Europe and North America reporting units, we used a market-based, weighted-average cost of capital of 7.2% to discount the projected cash flows of those operations. For our Latin America and AMEA reporting units, we used a risk-rated discount rate of 10.2%. Estimating the fair value of individual reporting units requires us to make assumptions and estimates regarding our future plans, industry and economic conditions, and our actual results and conditions may differ over time. If the carrying value of a reporting unit’s net assets exceeds its fair value, we would recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value. Annually we assess non-amortizable intangible assets for impairment by performing a qualitative review and assessing events and circumstances that could affect the fair value or carrying value of the indefinite-lived intangible assets. If significant potential impairment risk exists for a specific asset, we quantitatively test it for impairment by comparing its estimated fair value with its carrying value. We determine estimated fair value using planned growth rates, market-based discount rates and estimates of royalty rates. If the carrying value of the asset exceeds its fair value, we consider the asset impaired and reduce its carrying value to the estimated fair value. We amortize definite-lived intangible assets over their estimated useful lives and evaluate them for impairment as we do other long-lived assets. |
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Insurance and Self-Insurance | Insurance and Self-Insurance: We use a combination of insurance and self-insurance for a number of risks, including workers’ compensation, general liability, automobile liability, product liability and our obligation for employee healthcare benefits. We estimate the liabilities associated with these risks on an undiscounted basis by evaluating and making judgments about historical claims experience and other actuarial assumptions and the estimated impact on future results. |
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Revenue Recognition | Revenue Recognition: We predominantly sell food and beverage products across several product categories and in all regions as disclosed in Note 16, Segment Reporting. We recognize revenue when control over the products transfers to our customers, which generally occurs upon delivery or shipment of the products. We account for product shipping, handling and insurance as fulfillment activities with revenues for these activities recorded within net revenue and costs recorded within cost of sales. Any taxes collected on behalf of government authorities are excluded from net revenues. A small percentage of our net revenues relates to the licensing of our intellectual property, predominantly brand and trade names, and we record these revenues over the license term. Revenues are recorded net of trade and sales incentives and estimated product returns. Known or expected pricing or revenue adjustments, such as trade discounts, rebates or returns, are estimated at the time of sale. We base these estimates principally on historical utilization and redemption rates. Estimates that affect revenue, such as trade incentives and product returns, are monitored and adjusted each period until the incentives or product returns are realized. Key sales terms, such as pricing and quantities ordered, are established on a very frequent basis such that most customer arrangements and related incentives have a one year or shorter duration. As such, we do not capitalize contract inception costs and we capitalize product fulfillment costs in accordance with U.S. GAAP and our inventory policies. We do not have any significant unbilled receivables at the end of any period. Deferred revenues are not material and primarily include customer advance payments typically collected a few days before product delivery, at which time, deferred revenues are reclassified and recorded as net revenues. We generally do not receive noncash consideration for the sale of goods nor do we grant payment financing terms greater than one year. |
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Marketing, Advertising and Research and Development | Marketing, Advertising and Research and Development: We promote our products with marketing and advertising programs. These programs include, but are not limited to, cooperative advertising, in-store displays and consumer marketing promotions. For interim reporting purposes, advertising and consumer promotion expenses are charged to operations as a percentage of volume, based on estimated sales volume and estimated program spending. We do not defer costs on our year-end consolidated balance sheet and all marketing and advertising costs are recorded as an expense in the year incurred. Advertising expense was $1,248 million in 2017, $1,396 million in 2016 and $1,542 million in 2015. We expense product research and development costs as incurred. Research and development expense was $366 million in 2017, $376 million in 2016 and $409 million in 2015. We record marketing and advertising as well as research and development expenses within selling, general and administrative expenses. |
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Stock-based Compensation | Stock-based Compensation: Stock-based compensation awarded to employees and non-employee directors is valued at fair value on the grant date. We record stock-based compensation expense over the vesting period, generally three years. Forfeitures are estimated on the grant date for all of our stock-based compensation awards. |
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Employee Benefit Plans | Employee Benefit Plans: We provide a range of benefits to our current and retired employees. These include pension benefits, postretirement health care benefits and postemployment benefits depending upon jurisdiction, tenure, job level and other factors. Local statutory requirements govern many of the benefit plans we provide around the world. Local government plans generally cover health care benefits for retirees outside the United States, Canada and United Kingdom. Our U.S., Canadian and U.K. subsidiaries provide health care and other benefits to most retired employees. Our postemployment benefit plans provide primarily severance benefits for eligible salaried and certain hourly employees. The cost for these plans is recognized in earnings primarily over the working life of the covered employee. |
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Financial Instruments | Financial Instruments: We use financial instruments to manage our currency exchange rate, commodity price and interest rate risks. We monitor and manage these exposures as part of our overall risk management program, which focuses on the unpredictability of financial markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on our operating results. A principal objective of our risk management strategies is to reduce significant, unanticipated earnings fluctuations that may arise from volatility in currency exchange rates, commodity prices and interest rates, principally through the use of derivative instruments. We use a combination of primarily currency forward contracts, futures, options and swaps; commodity forward contracts, futures and options; and interest rate swaps to manage our exposure to cash flow variability, protect the value of our existing currency assets and liabilities and protect the value of our debt. See Note 8, Financial Instruments, for more information on the types of derivative instruments we use. We record derivative financial instruments on a gross basis and at fair value in our consolidated balance sheets within other current assets or other current liabilities due to their relatively short-term duration. Cash flows from derivative instruments are classified in the consolidated statements of cash flows based on the nature of the derivative instrument. Changes in the fair value of a derivative that is designated as a cash flow hedge, to the extent that the hedge is effective, are recorded in accumulated other comprehensive earnings/(losses) and reclassified to earnings when the hedged item affects earnings. Changes in fair value of economic hedges and the ineffective portion of all hedges are recognized in current period earnings. Changes in the fair value of a derivative that is designated as a fair value hedge, along with the changes in the fair value of the related hedged asset or liability, are recorded in earnings in the same period. We use non-U.S. dollar denominated debt to hedge a portion of our net investment in non-U.S. operations against adverse movements in exchange rates, with currency movements related to the debt and net investment and the related deferred taxes recorded within currency translation adjustment in accumulated other comprehensive earnings/(losses). In order to qualify for hedge accounting, a specified level of hedging effectiveness between the derivative instrument and the item being hedged must exist at inception and throughout the hedged period. We must also formally document the nature of and relationship between the derivative and the hedged item, as well as our risk management objectives, strategies for undertaking the hedge transaction and method of assessing hedge effectiveness. Additionally, for a hedge of a forecasted transaction, the significant characteristics and expected term of the forecasted transaction must be specifically identified, and it must be probable that the forecasted transaction will occur. If it is no longer probable that the hedged forecasted transaction will occur, we would recognize the gain or loss related to the derivative in earnings. When we use derivatives, we are exposed to credit and market risks. Credit risk exists when a counterparty to a derivative contract might fail to fulfill its performance obligations under the contract. We reduce our credit risk by entering into transactions with counterparties with high quality, investment grade credit ratings, limiting the amount of exposure with each counterparty and monitoring the financial condition of our counterparties. We also maintain a policy of requiring that all significant, non-exchange traded derivative contracts with a duration of one year or longer are governed by an International Swaps and Derivatives Association master agreement. Market risk exists when the value of a derivative or other financial instrument might be adversely affected by changes in market conditions and commodity prices, currency exchange rates or interest rates. We manage derivative market risk by limiting the types of derivative instruments and derivative strategies we use and the degree of market risk that we plan to hedge through the use of derivative instruments. Commodity derivatives. We are exposed to price risk related to forecasted purchases of certain commodities that we primarily use as raw materials. We enter into commodity forward contracts primarily for wheat, sugar and other sweeteners, soybean and vegetable oils and cocoa. Commodity forward contracts generally are not subject to the accounting requirements for derivative instruments and hedging activities under the normal purchases exception. We also use commodity futures and options to hedge the price of certain input costs, including cocoa, energy costs, sugar and other sweeteners, wheat, packaging, dairy, corn, and soybean and vegetable oils. We also sell commodity futures to unprice future purchase commitments, and we occasionally use related futures to cross-hedge a commodity exposure. We are not a party to leveraged derivatives and, by policy, do not use financial instruments for speculative purposes. During the third quarter of 2016, we discontinued designating commodity derivatives for hedge accounting treatment. Any unrealized gains or losses (mark-to-market impacts) and realized gains or losses are recorded in earnings.
Currency exchange derivatives. We use various financial instruments to mitigate our exposure to changes in exchange rates from third-party and intercompany current and forecasted transactions. These instruments may include currency exchange forward contracts, futures, options and swaps. Based on the size and location of our businesses, we use these instruments to hedge our exposure to certain currencies, including the euro, pound sterling, Swiss franc, Canadian dollar and Mexican peso. During the third quarter of 2016, we discontinued designating currency exchange derivatives for hedge accounting treatment. Any unrealized gains or losses (mark-to-market impacts) and realized gains or losses are recorded in earnings (see Note 8, Financial Instruments, for additional information). Interest rate cash flow and fair value hedges. We manage interest rate volatility by modifying the pricing or maturity characteristics of certain liabilities so that the net impact on expense is not, on a material basis, adversely affected by movements in interest rates. As a result of interest rate fluctuations, hedged fixed-rate liabilities appreciate or depreciate in market value. We expect the effect of this unrealized appreciation or depreciation to be substantially offset by our gains or losses on the derivative instruments that are linked to these hedged liabilities. We use derivative instruments, including interest rate swaps that have indices related to the pricing of specific liabilities as part of our interest rate risk management strategy. As a matter of policy, we do not use highly leveraged derivative instruments for interest rate risk management. We use interest rate swaps to economically convert a portion of our fixed-rate debt into variable-rate debt. Under the interest rate swap contracts, we agree with other parties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts, which is calculated based on an agreed-upon notional amount. We use interest rate swaps to hedge the variability of interest payment cash flows on a portion of our future debt obligations. We also execute cross-currency interest rate swaps to hedge interest payments on newly issued debt denominated in a different currency than the functional currency of the borrowing entity. Substantially all of these derivative instruments are highly effective and qualify for hedge accounting treatment. Hedges of net investments in non-U.S. operations. We have numerous investments outside the United States. The net assets of these subsidiaries are exposed to changes and volatility in currency exchange rates. We use local currency denominated debt to hedge our non-U.S. net investments against adverse movements in exchange rates. We designated our euro, pound sterling and Swiss franc denominated borrowings as a net investment hedge of a portion of our overall European operations. The gains and losses on our net investment in these designated European operations are economically offset by losses and gains on our euro, pound sterling and Swiss franc denominated borrowings. The change in the debt’s value, net of deferred taxes, is recorded in the currency translation adjustment component of accumulated other comprehensive earnings/(losses). |
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Income Taxes | Income Taxes: Our provision for income taxes includes amounts payable or refundable for the current year, the effects of deferred taxes and impacts from uncertain tax positions. We recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and tax basis of our assets and liabilities, operating loss carryforwards and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the years in which those differences are expected to reverse. The realization of certain deferred tax assets is dependent on generating sufficient taxable income in the appropriate jurisdiction prior to the expiration of the carryforward periods. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. When assessing the need for a valuation allowance, we consider any carryback potential, future reversals of existing taxable temporary differences (including liabilities for unrecognized tax benefits), future taxable income and tax planning strategies. We recognize tax benefits in our financial statements from uncertain tax positions only if it is more likely than not that the tax position will be sustained based on the technical merits of the position. The amount we recognize is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon resolution. Future changes related to the expected resolution of uncertain tax positions could affect tax expense in the period when the change occurs.
We monitor for changes in tax laws and reflect the impacts of tax law changes in the period of enactment. In response to the United States tax reform legislation enacted on December 22, 2017 (“U.S. tax reform”), the U.S. Securities and Exchange Commission (“SEC”) issued guidance that allows us to record provisional amounts for the impacts of U.S. tax reform if the full accounting cannot be completed before we file our 2017 financial statements. For provisions of the tax law where we are unable to make a reasonable estimate of the impact, the guidance allows us to continue to apply the historical tax provisions in computing our income tax liability and deferred tax assets and liabilities as of December 31, 2017. The guidance also allows us to finalize accounting for the U.S. tax reform changes within one year of the December 22, 2017 enactment date. See Note 14, Income Taxes, for additional information on how we recorded the impacts of the U.S. tax reform. |
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New Accounting Pronouncements | New Accounting Pronouncements: In August 2017, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) to simplify the application of hedge accounting and increase the transparency of hedge results. The updated standard changes how companies can assess the effectiveness of their hedging relationships. For cash flow and net investment hedges as of the adoption date, the ASU requires a modified retrospective transition approach. Presentation and disclosure requirements related to this ASU are required prospectively. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We intend to early adopt this standard in the first quarter of 2018 and we do not expect it to have a significant impact on our consolidated financial statements, including the cumulative-effect adjustment required upon adoption. In May 2017, the FASB issued an ASU to clarify when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The ASU is applied prospectively to awards that are modified on or after the adoption date. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt the standard on January 1, 2018 and we do not expect a material impact to our consolidated financial statements. In March 2017, the FASB issued an ASU to amend the amortization period for certain purchased callable debt securities held at a premium, shortening the period to the earliest call date instead of the maturity date. The standard does not impact securities held at a discount as the discount continues to be amortized to maturity. The ASU is applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We will adopt the standard on January 1, 2019. We do not expect a material impact to our consolidated financial statements. In March 2017, the FASB issued an ASU to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The standard requires employers to disaggregate the service cost component from the other components of net benefit cost and disclose the amount and location where the net benefit cost is recorded in the income statement or capitalized in assets. The standard is to be applied on a retrospective basis for the change in presentation in the income statement and prospectively for the change in presentation on the balance sheet. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt the standard on January 1, 2018. We will reclassify net benefit costs other than service costs below operating income, with no impact to our net earnings. For information on our service cost and other components of net periodic benefit cost for pension, postretirement benefit and postemployment plans, see Note 9, Benefit Plans. In January 2017, the FASB issued an ASU that clarifies the definition of a business with the objective of adding guidance to assist companies with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The definition of a business may affect many areas of accounting including acquisitions, disposals, goodwill and consolidation. The ASU is applied on a prospective basis and is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt this standard on January 1, 2018 and we do not expect a material impact to our consolidated financial statements. In November 2016, the FASB issued an ASU that requires the change in restricted cash or cash equivalents to be included with other changes in cash and cash equivalents in the statement of cash flows. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt this standard on January 1, 2018 and we do not expect a material impact on our consolidated statements of cash flows.
In October 2016, the FASB issued an ASU that requires the recognition of tax consequences of intercompany asset transfers other than inventory when the transfer occurs and removes the exception to postpone recognition until the asset has been sold to an outside party. The standard is to be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings. The ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. We will adopt this standard on January 1, 2018 and we do not expect a material impact to our consolidated financial statements. In August 2016, the FASB issued an 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 will adopt this standard on January 1, 2018 and we do not expect a material impact to our 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 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 anticipate adopting the new standard on January 1, 2019. We continue to make progress in our due diligence and assess the impact of the new standard across our operations and on our consolidated financial statements, which will consist primarily of recording lease assets and liabilities on our balance sheet for our operating leases. 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. We will adopt this standard on January 1, 2018 and we do not expect a material impact to our consolidated financial statements. In May 2014, the FASB issued an ASU on revenue recognition from contracts with customers. The 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 and 2017, the FASB issued several ASUs that clarified principal versus agent (gross versus net) revenue presentation considerations, confirmed the accounting for certain prepaid stored-value products and clarified the guidance for identifying performance obligations within a contract, the accounting for licenses and partial sales of nonfinancial assets. The FASB also issued two ASUs providing technical corrections, narrow scope exceptions and practical expedients to clarify and improve the implementation of the new revenue recognition guidance. The revenue guidance is effective for annual reporting periods beginning after December 15, 2017, with early adoption permitted as of the original effective date (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 adopted the new standard on January 1, 2018 on a full retrospective basis. There was no material financial impact from adopting the new revenue standards. |
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- Definition Description of Business [Policy Text Block] No definition available.
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- Definition Insurance And Self Insurance Policy [Text Block] No definition available.
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- Definition Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for salaries, bonuses, incentive awards, postretirement and postemployment benefits granted to employees, including equity-based arrangements; discloses methodologies for measurement, and the bases for recognizing related assets and liabilities and recognizing and reporting compensation expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for its derivative instruments and hedging activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Disclosure of accounting policy for costs incurred when both (1) the software is acquired, internally developed, or modified solely to meet the entity's internal needs, and (2) during the software's development or modification, no substantive plan exists or is being developed to market the software externally. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition Disclosure of accounting policy for pension and other postretirement benefit plans. This accounting policy may address (1) the types of plans sponsored by the entity, and the benefits provided by each plan (2) groups that participate in (or are covered by) each plan (3) how plan assets, liabilities and expenses are measured, including the use of any actuaries and (4) significant assumptions used by the entity to value plan assets and liabilities and how such assumptions are derived. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for inclusion of significant items in the selling, general and administrative (or similar) expense report caption. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries | The following table sets forth the 2015 remeasurement losses, the deconsolidation loss and historical operating results and financial position of our Venezuelan subsidiaries for the period presented:
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- Definition Schedule of Reporting Information of Subsidiaries [Table Text Block] No definition available.
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Divestitures and Acquisitions (Tables) |
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Dec. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary Financial Information for Equity Method Investments | Summary Financial Information for Equity Method Investments: Summarized financial information for JDE, Keurig, DSF and our other equity method investments is reflected below.
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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Inventories (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Inventories | Inventories consisted of the following:
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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Property, Plant and Equipment (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Components of Property, Plant and Equipment | Property, plant and equipment consisted of the following:
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2014-2018 Restructuring Program | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring and Implementation Costs | During 2017, 2016 and 2015, and since inception of the 2014-2018 Restructuring Program, we recorded restructuring and implementation costs within operating income by segment (as revised to reflect our current segment structure) as follows:
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Property Plant and Equipment | Asset impairment and exit costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring and Implementation Costs | These charges related to property, plant and equipment were recorded in the consolidated statements of earnings within asset impairment and exit costs and in the segment results as follows:
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X | ||||||||||
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Details
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Goodwill and Intangible Assets (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Goodwill by Reportable Operating Segment | Goodwill by reportable operating segment was:
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Intangible Assets Disclosure | Intangible assets consisted of the following:
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Changes in Goodwill and Intangible Assets | Changes in goodwill and intangible assets consisted of:
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- Definition Schedule Of Intangible Assets [Table Text Block] No definition available.
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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2014-2018 Restructuring Program (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014-2018 Restructuring Program | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Costs | The 2014-2018 Restructuring Program liability activity for the years ended December 31, 2017 and 2016 was:
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X | ||||||||||
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Debt and Borrowing Arrangements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-Term Borrowings and Related Weighted-Average Interest Rates | Our short-term borrowings and related weighted-average interest rates consisted of:
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Long-Term Debt | Our long-term debt consisted of (interest rates are as of December 31, 2017):
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Aggregate Maturities of Debt and Capital Leases Based on Stated Contractual Maturities | As of December 31, 2017, aggregate maturities of our debt and capital leases based on stated contractual maturities, excluding unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments of $(64) million, were (in millions):
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Interest and Other Expense Net Within Results of Continuing Operations | Interest and other expense, net within our results of continuing operations consisted of:
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- Definition Interest and Other Income and Expense Disclosure, Non Operating [Table Text Block] No definition available.
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X | ||||||||||
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Financial Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value of Derivative Instruments | Derivative instruments were recorded at fair value in the consolidated balance sheets as follows:
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Schedule of Derivative Instruments Fair Value and Measurement Inputs | The fair values (asset/(liability)) of our derivative instruments were determined using:
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Notional Values of Derivative Instruments | The net notional values of our derivative instruments were:
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Cash Flow Hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Cash Flow Hedges Effect on Accumulated Other Comprehensive Earnings/(Losses), Net of Taxes | Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings/(losses) included:
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Schedule of Effects of Derivative Instruments | After-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings were:
After-tax gains/(losses) recognized in other comprehensive earnings/(losses) were:
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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:
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Economic Hedging | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Effects of Derivative Instruments | Pre-tax gains/(losses) recorded in net earnings for economic hedges were:
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Net investment hedge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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:
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X | ||||||||||
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in net investment hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Benefit Plans (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension Plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Projected Benefit Obligations, Plan Assets and Funded Status of Pension Plans | The projected benefit obligations, plan assets and funded status of our pension plans were:
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Pension Plans Resulted in Net Pension Liability | The combined U.S. and non-U.S. pension plans resulted in a net pension liability of $1,570 million at December 31, 2017 and $1,882 million at December 31, 2016. We recognized these amounts in our consolidated balance sheets as follows:
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Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets | For these plans, the projected benefit obligations, accumulated benefit obligations and the fair value of plan assets were:
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Weighted Average Assumptions | We used the following weighted-average assumptions to determine our benefit obligations under the pension plans:
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Components of Net Costs | Net periodic pension cost consisted of the following:
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Fair Values of Pension Plan Assets | The fair value of pension plan assets was determined using the following fair value measurements:
The percentage of fair value of pension plan assets was:
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Schedule of Changes in Level 3 Plan Assets | Changes in our Level 3 plan assets, which are recorded in other comprehensive earnings/(losses), included:
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Estimated Future Benefit Payments | The estimated future benefit payments from our pension plans at December 31, 2017 were (in millions):
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Schedule of Individually Significant Multiemployer Pension Plan | The only individually significant multiemployer plan we participate in as of December 31, 2017 is the Bakery and Confectionery Union and Industry International Pension Fund (the “Fund”).
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Defined Benefit Pension Net Periodic Pension Cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted Average Assumptions | We used the following weighted-average assumptions to determine our net periodic pension cost:
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Postretirement Benefit Plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted Average Assumptions | We used the following weighted-average assumptions to determine our net periodic postretirement health care cost:
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Components of Net Costs | Net periodic postretirement health care costs consisted of the following:
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Estimated Future Benefit Payments | Our estimated future benefit payments for our postretirement health care plans at December 31, 2017 were (in millions):
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Changes in Accumulated Postemployment Benefit Obligations | Our postretirement health care plans are not funded. The changes in and the amount of the accrued benefit obligation were:
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Weighted-Average Assumptions to Determine Benefit Obligations | We used the following weighted-average assumptions to determine our postretirement benefit obligations:
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Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates | A one-percentage-point change in assumed health care cost trend rates would have the following effects:
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Postemployment Benefit Plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Costs | Net periodic postemployment costs consisted of the following:
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Changes in Accumulated Postemployment Benefit Obligations | Our postemployment plans are primarily not funded. The changes in and the amount of the accrued benefit obligation at December 31, 2017 and 2016 were:
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X | ||||||||||
- Definition Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the aggregate benefit obligation and aggregate fair value of plan assets for pension plans and/or other employee benefit plans with benefit obligations in excess of plan assets as of the measurement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the assumed health care cost trend rates for the next year used to measure the expected cost of benefits covered by the plans, including the ultimate trend rate(s) and when that rate is expected to be achieved. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the quantitative and qualitative information related to multiemployer plans in which the employer participates. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Plans (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Weighted-Average Black-Scholes Fair Value Assumptions | Our weighted-average Black-Scholes fair value assumptions were:
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Stock Options Activity | Stock option activity is reflected below:
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Deferred stock unit, performance share unit and restricted stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Stock Unit, Performance Share Unit, and Restricted Stock Activity | Our performance share unit, deferred stock unit and restricted stock activity is reflected below:
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X | ||||||||||
- Definition Tabular disclosure for share-based compensation plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Capital Stock (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Authorized Common Stock Repurchase Programs | Shares of Common Stock issued, in treasury and outstanding were:
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X | ||||||||||
- Definition Tabular disclosure of the change in common stock outstanding. No definition available.
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Commitments and Contingencies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum Rental Commitments | As of December 31, 2017, minimum rental commitments under non-cancelable operating leases in effect at year-end were (in millions):
|
X | ||||||||||
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reclassifications from Accumulated Other Comprehensive Income (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Amounts Reclassified from Accumulated Other Comprehensive Earnings/(Losses) | 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 $174 million in 2017, $250 million in 2016 and $350 million in 2015.
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X | ||||||||||
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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Income Taxes (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Provision for Income Taxes | Earnings/(losses) from continuing operations before income taxes and the provision for income taxes consisted of:
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Effective Income Tax Rate | The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons:
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Deferred Tax Assets and Liabilities Temporary Differences | The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following:
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Changes in Unrecognized Tax Benefit | The changes in our unrecognized tax benefits were:
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X | ||||||||||
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share (Tables) |
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Dec. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic and Diluted Earnings Per Share | Basic and diluted earnings per share (“EPS”) were calculated as follows:
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X | ||||||||||
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Reporting (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Revenues by Segment | Our segment net revenues and earnings, reflecting our current segment structure for all periods presented, were:
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Operating Income by Segment | Our segment net revenues and earnings, reflecting our current segment structure for all periods presented, were:
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Total Assets, Depreciation Expense and Capital Expenditure by Segment | Total assets, depreciation expense and capital expenditures by segment, reflecting our current segment structure for all periods presented, were:
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Net Revenues by Geographic Segment |
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Long-lived Assets by Geographic Segment |
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Net Revenues by Consumer Sector | Net revenues by product category, reflecting our current segment structure for all periods presented, were:
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X | ||||||||||
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Financial Data (Unaudited) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Operating Results | Our summarized operating results by quarter are detailed below.
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Pre-Tax (Charges) / Gains in Earnings From Continuing Operations | During 2017 and 2016, we recorded the following pre-tax (charges)/gains in earnings from continuing operations:
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X | ||||||||||
- Definition Schedule of Pre-Tax Charges/(Gains) in Earnings from Continuing Operations [Text Block] No definition available.
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X | ||||||||||
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies - Additional Information (Detail) |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017
USD ($)
Country
Subsidiary
|
Sep. 30, 2017
USD ($)
|
Jun. 30, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
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Dec. 31, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
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Jun. 30, 2016
USD ($)
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Mar. 31, 2016
USD ($)
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Dec. 31, 2015
USD ($)
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Dec. 31, 2017
USD ($)
Country
Subsidiary
Segment
|
Dec. 31, 2016
USD ($)
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Dec. 31, 2015
USD ($)
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Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Number of countries in which products are sold | Country | 160 | 160 | |||||||||||||||
After-tax equity method investment net earnings | $ 224,000,000 | $ 103,000,000 | $ 67,000,000 | $ 66,000,000 | $ 83,000,000 | $ 31,000,000 | $ 102,000,000 | $ 85,000,000 | $ 460,000,000 | $ 301,000,000 | $ 0 | ||||||
Number of reportable segments | Segment | 4 | ||||||||||||||||
Number of consolidated subsidiaries subject to highly inflationary accounting | Subsidiary | 0 | 0 | |||||||||||||||
Net revenues | $ 6,966,000,000 | $ 6,530,000,000 | $ 5,986,000,000 | $ 6,414,000,000 | 6,770,000,000 | $ 6,396,000,000 | $ 6,302,000,000 | $ 6,455,000,000 | $ 25,896,000,000 | [1] | 25,923,000,000 | [1] | 29,636,000,000 | [1] | |||
Loss on deconsolidation | $ 0 | 0 | (778,000,000) | ||||||||||||||
Number of countries in which entity operates | Country | 80 | 80 | |||||||||||||||
Uncommitted revolving non-recourse accounts receivable factoring arrangements, maximum combined capacity | $ 1,000,000,000 | $ 1,000,000,000 | |||||||||||||||
Outstanding principal amount of receivables sold under factoring arrangement | $ 804,000,000 | $ 570,000,000 | $ 644,000,000 | 804,000,000 | 570,000,000 | 644,000,000 | |||||||||||
Change in accounting policy effect of change on net revenue | 76,000,000 | ||||||||||||||||
Change in accounting policy effect of change on operating results | 36,000,000 | ||||||||||||||||
Advertising expense | 1,248,000,000 | 1,396,000,000 | 1,542,000,000 | ||||||||||||||
Research and development expense | $ 366,000,000 | 376,000,000 | 409,000,000 | ||||||||||||||
Minimum likelihood of tax benefits being recognized upon settlement | 50.00% | 50.00% | |||||||||||||||
Maximum | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
After-tax equity method investment net earnings | $ 1,000,000 | ||||||||||||||||
Total incremental cost of factoring receivables | $ 6,000,000 | $ 6,000,000 | 6,000,000 | ||||||||||||||
Maximum | Machinery and Equipment | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Useful life, in years | 20 years | ||||||||||||||||
Maximum | Buildings and Building Improvements | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Useful life, in years | 40 years | ||||||||||||||||
Maximum | Software | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Useful life, in years | 7 years | ||||||||||||||||
Minimum | Machinery and Equipment | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Useful life, in years | 3 years | ||||||||||||||||
Argentina | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Net revenues | $ 601,000,000 | ||||||||||||||||
Percentage of consolidated net revenues | 2.30% | ||||||||||||||||
Ukraine | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Net revenues | $ 73,000,000 | ||||||||||||||||
Percentage of consolidated net revenues | 0.30% | ||||||||||||||||
Ukraine | Maximum | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Three-year cumulative inflation rate | 100.00% | 100.00% | 100.00% | ||||||||||||||
Venezuela | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Net revenues | 1,217,000,000 | ||||||||||||||||
Loss on deconsolidation | $ (778,000,000) | ||||||||||||||||
North America and Europe | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Discount rate | 7.20% | ||||||||||||||||
Latin America and AMEA | |||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||||
Discount rate | 10.20% | ||||||||||||||||
|
X | ||||||||||
- Definition Accounts Receivable Factoring Revolving Program Maximum Amount No definition available.
|
X | ||||||||||
- Definition Accounts Receivable Sold Under Factoring Program Principal Amount Outstanding No definition available.
|
X | ||||||||||
- Definition Change In Accounting Policy Effect Of Change On Net Revenue No definition available.
|
X | ||||||||||
- Definition Change In Accounting Policy Effect Of Change On Operating Results No definition available.
|
X | ||||||||||
- Definition Incremental Cost of Factoring Receivables No definition available.
|
X | ||||||||||
- Definition Number of consolidated subsidiaries subject to highly inflationary accounting No definition available.
|
X | ||||||||||
- Definition Number Of Countries In Which Products Are Sold No definition available.
|
X | ||||||||||
- Definition The percentage of total company consolidated net revenues represented by the category, region, country, or other subset noted. No definition available.
|
X | ||||||||||
- Definition Percentage Of Income Tax Examination Minimum Likelihood of Tax Benefits Being Realized Upon Settlement No definition available.
|
X | ||||||||||
- Definition Summary Of Significant Accounting Policies [Line Items] No definition available.
|
X | ||||||||||
- Definition Three-year cumulative inflation rate. No definition available.
|
X | ||||||||||
- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of countries in which the entity operates as of balance sheet date. No definition available.
|
X | ||||||||||
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
X | ||||||||||
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
X | ||||||||||
- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
Venezuela [Line Items] | ||||||||||||||||
Net revenues | $ 6,966 | $ 6,530 | $ 5,986 | $ 6,414 | $ 6,770 | $ 6,396 | $ 6,302 | $ 6,455 | $ 25,896 | [1] | $ 25,923 | [1] | $ 29,636 | [1] | ||
Loss on deconsolidation | $ 0 | $ 0 | (778) | |||||||||||||
Venezuela | ||||||||||||||||
Venezuela [Line Items] | ||||||||||||||||
Net revenues | 1,217 | |||||||||||||||
Operating income (excluding remeasurement and deconsolidation loss) | 266 | |||||||||||||||
Loss on deconsolidation | (778) | |||||||||||||||
Cash | 611 | |||||||||||||||
Net monetary assets | 405 | |||||||||||||||
Net assets | 658 | |||||||||||||||
Venezuela | Q1 in 2015: 1.50 to 12.00 bolivars to the U.S. dollar | ||||||||||||||||
Venezuela [Line Items] | ||||||||||||||||
Remeasurement loss | $ (11) | |||||||||||||||
|
X | ||||||||||
- Definition Net Monetary Assets (Liabilities). No definition available.
|
X | ||||||||||
- Definition Operating Income Loss Excluding Impact Of Remeasurement And Deconsolidation Losses No definition available.
|
X | ||||||||||
- Definition Venezuela [Line Items] No definition available.
|
X | ||||||||||
- Definition The amount that will be recognized through the income statement (as well as the impact on the other financial statements) as part of highly inflationary accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of net assets (liabilities). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries (Parenthetical) (Detail) - VEF / $ |
Mar. 31, 2015 |
Dec. 31, 2014 |
---|---|---|
Venezuela [Line Items] | ||
Foreign currency exchange rate translation | 12.00 | 11.50 |
X | ||||||||||
- Definition Venezuela [Line Items] No definition available.
|
X | ||||||||||
- Definition Foreign exchange rate used to translate amounts denominated in functional currency to reporting currency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Divestitures and Acquisitions - Additional Information (Detail) € in Millions, £ in Millions, AUD in Millions, ₫ in Billions, ¥ in Billions |
1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 30 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 28, 2017
USD ($)
|
Dec. 28, 2017
JPY (¥)
|
Oct. 23, 2017
USD ($)
|
Oct. 23, 2017
EUR (€)
|
Oct. 02, 2017
USD ($)
|
Aug. 17, 2017
USD ($)
|
Aug. 17, 2017
EUR (€)
|
Jul. 04, 2017
USD ($)
|
Jul. 04, 2017
AUD
|
Apr. 28, 2017
USD ($)
|
Apr. 28, 2017
EUR (€)
|
Dec. 01, 2016
USD ($)
|
Nov. 09, 2016
USD ($)
|
Nov. 02, 2016
USD ($)
|
Nov. 02, 2016
GBP (£)
|
Oct. 31, 2016
USD ($)
|
Oct. 31, 2016
EUR (€)
|
Aug. 26, 2016
USD ($)
|
Aug. 22, 2016
USD ($)
|
Aug. 22, 2016
VND (₫)
|
Jul. 05, 2016
USD ($)
|
Jun. 30, 2016 |
May 02, 2016
USD ($)
|
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 (€)
|
Jul. 02, 2015
USD ($)
|
Jul. 02, 2015
EUR (€)
|
May 31, 2016
USD ($)
|
Dec. 31, 2017
USD ($)
|
Sep. 30, 2017
USD ($)
|
Jun. 30, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2016
EUR (€)
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Sep. 30, 2015
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
AUD
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
EUR (€)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
VND (₫)
|
Jun. 30, 2018 |
Jul. 19, 2016
EUR (€)
|
Jul. 15, 2015 |
Jul. 02, 2015
EUR (€)
|
|||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment net (losses) / earnings | $ 224,000,000 | $ 103,000,000 | $ 67,000,000 | $ 66,000,000 | $ 83,000,000 | $ 31,000,000 | $ 102,000,000 | $ 85,000,000 | $ 460,000,000 | $ 301,000,000 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on divestiture | (2,000,000) | (187,000,000) | 3,000,000 | 0 | 186,000,000 | 9,000,000 | 6,822,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from coffee business divestiture currency hedge settlements | 0 | 0 | 1,050,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investments | 6,345,000,000 | 5,585,000,000 | 6,345,000,000 | 5,585,000,000 | $ 6,345,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net gain (loss) on coffee business divestiture currency hedges | 0 | 0 | 0 | 97,000,000 | 0 | 0 | 436,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs related to divestiture | 8,000,000 | (2,000,000) | 9,000,000 | 19,000,000 | 2,000,000 | 0 | 84,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset impairment and exit costs | (120,000,000) | (183,000,000) | (187,000,000) | (166,000,000) | (342,000,000) | (190,000,000) | (166,000,000) | (154,000,000) | 656,000,000 | 852,000,000 | 901,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, pro rata share of capital increase | 0 | 0 | 544,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on equity method investment transaction | 40,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 43,000,000 | 40,000,000 | 43,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment dividend received | 152,000,000 | 75,000,000 | 58,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. tax reform transition tax | (1,206,000,000) | (141,000,000) | (30,000,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of property, plant and equipment and other | 109,000,000 | 138,000,000 | 60,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible asset impairment | 109,000,000 | 137,000,000 | 83,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain or loss on deconsolidation | 0 | 0 | (778,000,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, goodwill | 21,085,000,000 | 20,276,000,000 | $ 20,664,000,000 | $ 20,664,000,000 | 21,085,000,000 | 20,276,000,000 | 20,664,000,000 | 21,085,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net revenues | 6,966,000,000 | 6,530,000,000 | $ 5,986,000,000 | 6,414,000,000 | 6,770,000,000 | 6,396,000,000 | 6,302,000,000 | 6,455,000,000 | 25,896,000,000 | [1] | 25,923,000,000 | [1] | 29,636,000,000 | [1] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 3,506,000,000 | 2,569,000,000 | 8,897,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition costs | 0 | 1,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Currency Exchange Forward Contracts | Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from coffee business divestiture currency hedge settlements | $ 1,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign Exchange Forward | Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from divestiture of businesses | 5,200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from coffee business divestiture currency hedge settlements | $ 1,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net gain (loss) on coffee business divestiture currency hedges | 436,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Coffee Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on divestiture | 6,809,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settlement losses | (90,000,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Europe And EEMEA segments | Coffee Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset impairment and exit costs | 123,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Europe Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, goodwill | 7,880,000,000 | 7,170,000,000 | 7,880,000,000 | 7,170,000,000 | 7,880,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net revenues | [2] | 9,794,000,000 | 9,755,000,000 | 11,672,000,000 | [3] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 1,680,000,000 | 1,267,000,000 | 1,350,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
North America Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible asset impairment | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, goodwill | 8,933,000,000 | 8,885,000,000 | 8,933,000,000 | 8,885,000,000 | 8,933,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net revenues | 6,797,000,000 | 6,960,000,000 | 6,974,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 1,120,000,000 | 1,078,000,000 | 1,105,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of property | 10,000,000 | 40,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Latin America Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, goodwill | 901,000,000 | 897,000,000 | 901,000,000 | 897,000,000 | 901,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net revenues | [1],[4] | 3,566,000,000 | 3,392,000,000 | 4,988,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 565,000,000 | 271,000,000 | 485,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asia Middle East Africa Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, goodwill | 3,371,000,000 | 3,324,000,000 | 3,371,000,000 | 3,324,000,000 | 3,371,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net revenues | [2] | 5,739,000,000 | 5,816,000,000 | 6,002,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 516,000,000 | 506,000,000 | 389,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate Aircraft | Corporate Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of property | 3,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Selling, general and administrative expenses | Europe And EEMEA segments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs related to divestiture | 278,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Selling, general and administrative expenses | North America Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on sale of property | 6,000,000 | 33,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Selling, general and administrative expenses | Corporate Aircraft | Corporate Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on sale of property | 1,000,000 | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trademarks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible asset impairment | $ 70,000,000 | 70,000,000 | 98,000,000 | 71,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trademarks | Europe Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible asset impairment | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trademarks | North America Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible asset impairment | 38,000,000 | 19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trademarks | Asia Middle East Africa Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible asset impairment | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acorn Holdings BV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of equity interest acquired by other parties | 73.50% | 73.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Burton's Biscuit Company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash paid for acquisition | $ 245,000,000 | £ 199 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, definite-life intangible assets | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, goodwill | 173,000,000 | $ 385,000,000 | 385,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, property, plant and equipment | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, inventory | $ 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net revenues | 59,000,000 | 16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 8,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C,D and E | Acorn Holdings BV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of equity interest acquired by other parties | 0.38% | 0.38% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | Acorn Holdings BV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of equity interest acquired by other parties | 73.22% | 73.50% | 73.50% | 73.22% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
United States | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net revenues | 6,275,000,000 | 6,329,000,000 | 6,302,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
United States | Trademarks | Selling, general and administrative expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pre-tax gain after transaction costs | $ 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vietnam | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of equity interest acquired | 80.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash paid for acquisition | 569,000,000 | ₫ 12,404 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net revenues | 71,000,000 | 121,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 5,000,000 | 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remaining interest in biscuit operation to be acquired | 20.00% | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Escrow deposit | $ 70,000,000 | 9,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Escrowed retained amount | 20,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment for the non-compete and continued consulting agreements | $ 35,000,000 | ₫ 759 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vietnam | Selling, general and administrative expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition costs | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business integration costs | 7,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax Authority, Spain | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest and penalties expected to be paid | 34,000,000 | € 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | Europe Segment | The Kraft Heinz Company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from divestiture of businesses | $ 3,000,000 | € 2 | $ 11,000,000 | € 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | Australia And New Zealand | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from divestiture of businesses | $ 347,000,000 | AUD 456 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on divestiture | 187,000,000 | AUD 247 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs related to divestiture | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal group, including discontinued operation, other current assets | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal group, including discontinued operation, other non current assets | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal group, including discontinued operation, other current liabilities | $ 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on foreign currency derivatives | (3,000,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory-related working capital adjustment | 3,000,000 | 3,000,000 | $ 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on Inventory working capital adjustment | $ 190,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | FRANCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on divestiture | (3,000,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs related to divestiture | $ 84,000,000 | $ 27,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal group, including discontinued operation, other current assets | $ 44,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal group, including discontinued operation, other non current assets | 155,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal group, including discontinued operation, other current liabilities | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of property, plant and equipment and other | 169,000,000 | € 157 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal group, including discontinued operation, other non current liabilities | $ 22,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | FRANCE | Trademarks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible asset impairment | $ 14,000,000 | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | BELGIUM | Confectionery Business in Costa Rica and Chocolate Factory in Belgium | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs related to divestiture | 14,000,000 | € 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain or loss on deconsolidation | 68,000,000 | 65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed asset impairment charge | 31,000,000 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal group, not discontinued operation, gain (loss) on disposal | 23,000,000 | € 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | COSTA RICA | Latin America Segment | Confectionery Business in Costa Rica and Chocolate Factory in Belgium | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from divestiture of businesses | $ 28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs related to divestiture | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain or loss on deconsolidation | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, plant and equipment, divested | 11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill, divested | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory, divested | $ 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | FINLAND | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from divestiture of businesses | $ 16,000,000 | € 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of property, plant and equipment and other | $ 2,000,000 | € 2 | 14,000,000 | € 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pre-tax gain after transaction costs | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Indefinite-lived Intangible assets, divested | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain after transaction costs, net of tax | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | FINLAND | Selling, general and administrative expenses | Europe Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pre-tax gain after transaction costs | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain after transaction costs, net of tax | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Held-for-sale | Japan | Asia Middle East Africa Segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from divestiture of businesses | $ 24,000,000 | ¥ 2.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations, Disposed of by Sale | Russia | Manufacturing Plant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed asset impairment charge | $ 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount of expenses associated with property disposal | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of property | $ 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Final Valuation | Vietnam | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, goodwill | 385,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, property, plant and equipment | 49,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business acquisition, inventory | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible assets acquired | 86,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other net assets (liabilities) acquired | $ 31,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment net (losses) / earnings | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum | Discontinued Operations, Held-for-sale | FINLAND | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets, divested | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, ownership percentage | 26.50% | 26.50% | 43.50% | 26.40% | 26.40% | 26.40% | 43.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of equity interest acquired | 26.50% | 26.50% | 26.50% | 26.50% | 26.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of profit and dividend sharing interest | 26.20% | 26.20% | 26.20% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends received | $ 49,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from divestiture of businesses | $ 275,000,000 | $ 4,200,000,000 | € 3,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Divestiture of business, receivable | 794,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and receivables recorded related to the reimbursement of costs incurred from separating a business | $ 283,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on divestiture | $ 7,100,000,000 | 6,800,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gains on coffee business transactions and divestiture, after tax | 6,600,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deconsolidated net assets | 2,900,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settlement losses | 90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reduction in pre-tax gain on coffee business transactions and divestiture | $ 313,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investments | $ 4,500,000,000 | € 4,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, pro rata share of capital increase | $ 544,000,000 | € 499 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on equity method investment transaction | $ 43,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | Non-cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, pro rata share of capital increase | 501,000,000 | 460 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | Cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, pro rata share of capital increase | $ 43,000,000 | € 39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | Equity Earnings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment net (losses) / earnings | $ 129,000,000 | 100,000,000 | $ (58,000,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | Acorn Holdings BV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value of equity method investments exchanged | $ 2,000,000,000 | € 1,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | Class C,D and E | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation, dilution percentage | 2.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, ownership percentage | 26.40% | 26.50% | 26.50% | 26.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | Tax Authority, Spain | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unfavorable tax expense | € | € 114 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JDE | Minimum | Class B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, ownership percentage | 26.27% | 26.27% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One of equity method investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on equity method investment transaction | $ 40,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sales of equity method investment | 65,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on equity method investment transactions, tax expense | $ 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keurig Green Mountain Inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, ownership percentage | 24.20% | 24.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investments | $ 1,600,000,000 | 1,600,000,000 | $ 1,600,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder loan receivable | $ 400,000,000 | $ 400,000,000 | $ 400,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder loan receivable, interest rate | 5.50% | 5.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder loan receivable, loan term | 7 years | 7 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest payments received on shareholder loan | $ 30,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment dividend received | 14,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. tax reform transition tax | 119,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keurig Green Mountain Inc. | Equity Earnings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment net (losses) / earnings | 208,000,000 | 77,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keurig Green Mountain Inc. | Interest Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment net (losses) / earnings | $ 24,000,000 | $ 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keurig Green Mountain Inc. | Acorn Holdings BV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business combination, consideration transferred | $ 13,900,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keurig Dr Pepper Transaction | Minimum | Scenario Forecast | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, ownership percentage | 13.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keurig Dr Pepper Transaction | Maximum | Scenario Forecast | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition And Dispositions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity method investment, ownership percentage | 14.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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X | ||||||||||
- Definition Acquisition And Dispositions [Line Items] No definition available.
|
X | ||||||||||
- Definition Adjustment in the pretax gain on the sale of a business. No definition available.
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X | ||||||||||
- Definition Percentage of voting equity interests acquired by other parties in the business combination. No definition available.
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X | ||||||||||
- Definition Business combination receivable on sale of business. No definition available.
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X | ||||||||||
- Definition Costs that are recognized separately from but related to a planned or completed divestiture of assets and liabilities of a disposal group (including discontinued operations), such as those incurred to ready the business for divestiture, which are expensed by the entity and not accrued as part of the disposal costs. No definition available.
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X | ||||||||||
- Definition Total net assets (liabilities) attributable to disposal group held for sale or disposed of. No definition available.
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X | ||||||||||
- Definition Equity Method Investment, Realized Gain (Loss) on Disposal, Tax No definition available.
|
X | ||||||||||
- Definition Equity Method Investment Shareholder Loan Receivable Interest Rate No definition available.
|
X | ||||||||||
- Definition Equity Method Investment Shareholder Loan Receivable Loan Term No definition available.
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X | ||||||||||
- Definition Capital increase made in return for additional shares in an equity method investment. No definition available.
|
X | ||||||||||
- Definition The portion of escrowed funds retained by an acquiror until resolution of outstanding acquisition-related matters. No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of intangible assets, net of tax No definition available.
|
X | ||||||||||
- Definition Gain (loss) on Inventory working capital adjustment. No definition available.
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X | ||||||||||
- Definition Gain Loss On Sale Of Business After Tax No definition available.
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X | ||||||||||
- Definition Income Tax Examination, Penalties and Interest Expense of Equity Method Investment No definition available.
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X | ||||||||||
- Definition Investments in Affiliates Shareholder Loan Receivable No definition available.
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X | ||||||||||
- Definition Maximum Dilution of Equity Method Investment Total Shares No definition available.
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X | ||||||||||
- Definition Amount of other assets acquired and liabilities assumed as part of a business combination. No definition available.
|
X | ||||||||||
- Definition Payment Of Consulting And Related Agreements No definition available.
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of business during the period, including other related expenses. No definition available.
|
X | ||||||||||
- Definition Percentage Of Remaining Interests in Operation to be Acquired No definition available.
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X | ||||||||||
- Definition Profit and dividend sharing interest percentage. No definition available.
|
X | ||||||||||
- Definition Cash and receivables recorded related to the reimbursement of costs incurred from separating a business. No definition available.
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X | ||||||||||
- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
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X | ||||||||||
- Definition Amount of intangible assets, excluding goodwill, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of inventory recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk related to obligation and assets used to effect settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as goodwill attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as intangible assets, excluding goodwill, attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as inventory attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as other assets attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount classified as other assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as other liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as other assets attributable to disposal group held for sale or disposed of, expected to be disposed of after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount classified as other liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount classified as property, plant and equipment attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before tax of gain (loss) recognized on the sale or disposal of a disposal group. Excludes discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of distribution received from equity method investee for return on investment, classified as operating activities. Excludes distribution for return of investment, classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
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X | ||||||||||
- Definition Amount of the entity's equity method investment which has been sold. No definition available.
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X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of escrow deposit disbursements related to property acquisition in noncash investing or financing transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) from the increase (decrease) in fair value of foreign currency derivatives and nonderivative instruments designated as fair value hedging instruments which were recognized in earnings, net of offsets by the gain (loss) on the hedged item to the extent that the fair value hedge was determined to be effective. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
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X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long-lived assets held for abandonment, exchange or sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of the amounts of estimated penalties and interest recognized in the period arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of inventory reserves for last-in first-out (LIFO) and other inventory valuation methods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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X | ||||||||||
- Definition The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Dividends received on equity and other investments during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow for a financial contract that meets the hedge criteria as either a cash flow hedge, fair value hedge, or hedge of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Interest received on loans and other debt instruments during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary Financial Information for Equity Method Investments (Detail) - USD ($) $ in Millions |
12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Mar. 07, 2016 |
||||||
Summary Balance Sheet for Equity Method Investments | |||||||||
Equity method investments | $ 6,345 | $ 5,585 | |||||||
Summary Statement of Operations for Equity Method Investments | |||||||||
Equity method investment net (losses) / earnings | [1] | 460 | 301 | $ 56 | |||||
Jacobs Douwe Egberts and Other Equity Method Investments | |||||||||
Summary Balance Sheet for Equity Method Investments | |||||||||
Current assets | 4,732 | 4,458 | |||||||
Noncurrent assets | 38,282 | 35,089 | |||||||
Total assets | 43,014 | 39,547 | |||||||
Current liabilities | 5,822 | 4,148 | |||||||
Noncurrent liabilities | 15,424 | 16,472 | |||||||
Total liabilities | 21,246 | 20,620 | |||||||
Equity attributable to noncontrolling interests | 83 | 59 | |||||||
Keurig shareholder loan | 440 | 440 | |||||||
Summary Statement of Operations for Equity Method Investments | |||||||||
Net revenues | 12,781 | 10,923 | 4,993 | ||||||
Gross profit | 4,891 | 4,219 | 1,551 | ||||||
Income from continuing operations | 1,604 | 839 | 96 | ||||||
Net income | 1,604 | 839 | 97 | ||||||
Jacobs Douwe Egberts and Other Equity Method Investments | Investee | |||||||||
Summary Balance Sheet for Equity Method Investments | |||||||||
Equity attributable to shareowners of investees | 21,685 | 18,868 | |||||||
Total net equity of investees | 21,768 | 18,927 | |||||||
Equity method investments | [2] | 5,905 | 5,145 | ||||||
Summary Statement of Operations for Equity Method Investments | |||||||||
Net income | 1,594 | 838 | 97 | ||||||
Equity method investment net (losses) / earnings | $ 436 | $ 281 | $ 56 | ||||||
Jacobs Douwe Egberts and Other Equity Method Investments | Minimum | |||||||||
Summary Statement of Operations for Equity Method Investments | |||||||||
Mondelz International ownership interests | 24.00% | 24.00% | 40.00% | ||||||
Jacobs Douwe Egberts and Other Equity Method Investments | Maximum | |||||||||
Summary Statement of Operations for Equity Method Investments | |||||||||
Mondelz International ownership interests | 50.00% | 50.00% | 50.00% | ||||||
Keurig Green Mountain Inc. | |||||||||
Summary Balance Sheet for Equity Method Investments | |||||||||
Equity method investments | $ 1,600 | ||||||||
Summary Statement of Operations for Equity Method Investments | |||||||||
Mondelz International ownership interests | 24.20% | ||||||||
Keurig Green Mountain Inc. | Interest Income | |||||||||
Summary Statement of Operations for Equity Method Investments | |||||||||
Equity method investment net (losses) / earnings | $ 24 | $ 20 | $ 0 | ||||||
|
X | ||||||||||
- Definition This element represents the gross undistributed income (or loss) of equity method investments. This element excludes distributions that constitute a return of investment, which are classified as investing activities. No definition available.
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of current assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of current liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of equity, including noncontrolling interest, reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of equity, excluding noncontrolling interest, attributable to the equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of gross profit (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations reported by an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of equity attributable to noncontrolling interests of an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of noncurrent assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of noncurrent liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Summary Financial Information for Equity Method Investments (Parenthetical) (Detail) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Jul. 02, 2015 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Schedule of Equity Method Investments [Line Items] | |||||||||||||
After-tax equity method investment net earnings | $ 224 | $ 103 | $ 67 | $ 66 | $ 83 | $ 31 | $ 102 | $ 85 | $ 460 | $ 301 | $ 0 | ||
Operating income | 3,506 | 2,569 | $ 8,897 | ||||||||||
Maximum | |||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||
After-tax equity method investment net earnings | $ 1 | ||||||||||||
Equity Method Investments | |||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||
Operating income | $ 56 | ||||||||||||
US GAAP basis difference from equity method investments | |||||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||||
Basis Differences | $ 360 | $ 360 |
X | ||||||||||
- Definition Represents the US GAAP basis difference in the income/loss recorded from equity method investments and the underlying income/loss reported by the equity method investments. No definition available.
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Components of Inventories (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Inventory [Line Items] | ||
Raw materials | $ 711 | $ 722 |
Finished product | 1,975 | 1,865 |
Inventories, gross | 2,686 | 2,587 |
Inventory reserves | (129) | (118) |
Inventories, net | $ 2,557 | $ 2,469 |
X | ||||||||||
- Definition Amount before valuation and LIFO reserves of completed merchandise or goods expected to be sold within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gross amount, as of the balance sheet date, of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before valuation and LIFO reserves of raw materials expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of valuation reserve for inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Property, Plant and Equipment (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | $ 15,680 | $ 14,687 |
Accumulated depreciation | (7,003) | (6,458) |
Property, plant and equipment, net | 8,677 | 8,229 |
Land and Land Improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 458 | 471 |
Buildings and Building Improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 2,979 | 2,801 |
Machinery and Equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 11,195 | 10,302 |
Construction in Progress | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | $ 1,048 | $ 1,113 |
X | ||||||||||
- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Property, Plant and Equipment [Line Items] | |||
Capital expenditures | $ 1,014 | $ 1,224 | $ 1,514 |
Accrued capital expenditures unpaid | 357 | 343 | 322 |
Asset impairments and accelerated depreciation | 334 | 446 | 345 |
2014-2018 Restructuring Program | |||
Property, Plant and Equipment [Line Items] | |||
Asset impairments and accelerated depreciation | $ 206 | $ 301 | $ 264 |
X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
Summary of Asset Impairment and Exit Costs (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | |||
Non-cash property, plant and equipment write-downs | $ 334 | $ 446 | $ 345 |
2014-2018 Restructuring Program | |||
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | |||
Non-cash property, plant and equipment write-downs | 206 | 301 | 264 |
2014-2018 Restructuring Program | Latin America Segment | |||
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | |||
Non-cash property, plant and equipment write-downs | 36 | 22 | 46 |
2014-2018 Restructuring Program | Asia Middle East Africa Segment | |||
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | |||
Non-cash property, plant and equipment write-downs | 81 | 44 | 88 |
2014-2018 Restructuring Program | Europe Segment | |||
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | |||
Non-cash property, plant and equipment write-downs | 58 | 122 | 65 |
2014-2018 Restructuring Program | North America Segment | |||
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | |||
Non-cash property, plant and equipment write-downs | 30 | 111 | 65 |
2014-2018 Restructuring Program | Corporate Segment | |||
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | |||
Non-cash property, plant and equipment write-downs | $ 1 | $ 2 | $ 0 |
X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
Goodwill by Reportable Operating Segment (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Segment Reporting Information [Line Items] | |||
Goodwill | $ 21,085 | $ 20,276 | $ 20,664 |
Latin America Segment | |||
Segment Reporting Information [Line Items] | |||
Goodwill | 901 | 897 | |
Asia Middle East Africa Segment | |||
Segment Reporting Information [Line Items] | |||
Goodwill | 3,371 | 3,324 | |
Europe Segment | |||
Segment Reporting Information [Line Items] | |||
Goodwill | 7,880 | 7,170 | |
North America Segment | |||
Segment Reporting Information [Line Items] | |||
Goodwill | $ 8,933 | $ 8,885 |
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Intangible Assets (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Intangible Assets [Line Items] | |||
Non-amortizable intangible assets | $ 17,671 | $ 17,004 | |
Amortizable intangible assets | 2,386 | 2,315 | |
Total intangible assets, gross | 20,057 | 19,319 | $ 19,847 |
Accumulated amortization | (1,418) | (1,218) | |
Intangible assets, net | $ 18,639 | $ 18,101 |
X | ||||||||||
- Definition Intangible Assets [Line Items] No definition available.
|
X | ||||||||||
- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before accumulated amortization of intangible assets, excluding goodwill. No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Goodwill and Intangible Assets - Additional Information (Detail) |
3 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2017
USD ($)
Brand
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Nov. 02, 2016
USD ($)
|
|
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Amortization expense for intangible assets | $ 178,000,000 | $ 176,000,000 | $ 181,000,000 | ||
Estimated amortization expense in year 1 | 175,000,000 | ||||
Estimated amortization expense in year 2 | 175,000,000 | ||||
Estimated amortization expense in year 3 | 175,000,000 | ||||
Estimated amortization expense in year 4 | 85,000,000 | ||||
Estimated amortization expense in year 5 | 85,000,000 | ||||
Goodwill, Divestitures | 114,000,000 | 4,000,000 | |||
Intangible Assets, Divestitures | 100,000,000 | 8,000,000 | |||
Business acquisition, goodwill adjustments | 15,000,000 | ||||
Intangible Assets, Acquisition | 7,000,000 | ||||
Business acquisition, goodwill | 21,085,000,000 | 20,276,000,000 | 20,664,000,000 | ||
Intangible asset impairment | 109,000,000 | 137,000,000 | 83,000,000 | ||
Impairment of goodwill | 0 | 0 | 0 | ||
Number of brands impaired trademarks | Brand | 5 | ||||
Number of brands | Brand | 13 | ||||
Indefinite-lived intangible assets at risk | 17,671,000,000 | 17,004,000,000 | |||
Burton's Biscuit Company | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Business acquisition, goodwill adjustments | 76,000,000 | ||||
Business acquisition, goodwill | 385,000,000 | $ 173,000,000 | |||
North America Segment | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Business acquisition, goodwill | 8,933,000,000 | 8,885,000,000 | |||
Intangible asset impairment | 1,000,000 | ||||
Europe Segment | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Business acquisition, goodwill | 7,880,000,000 | 7,170,000,000 | |||
Asia Middle East Africa Segment | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Business acquisition, goodwill | 3,371,000,000 | 3,324,000,000 | |||
FRANCE | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Goodwill, Divestitures | 23,000,000 | ||||
Intangible Assets, Divestitures | 62,000,000 | ||||
Vietnam | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Finite-lived intangible assets acquired | 25,000,000 | ||||
Indefinite-lived intangible assets acquired | 61,000,000 | ||||
Trademarks | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Intangible asset impairment | $ 70,000,000 | 70,000,000 | 98,000,000 | 71,000,000 | |
Trademarks | North America Segment | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Intangible asset impairment | 38,000,000 | 19,000,000 | |||
Trademarks | Europe Segment | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Intangible asset impairment | 19,000,000 | ||||
Trademarks | Asia Middle East Africa Segment | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Intangible asset impairment | 19,000,000 | ||||
Trademarks | Venezuela | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Intangible asset impairment | $ 12,000,000 | ||||
Fair Value Over Book Value 10% or Less | Trademarks | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Indefinite-lived intangible assets at risk | $ 963,000,000 | ||||
Equity Method Investments | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Intangible assets | 14,000,000 | ||||
Sale Of Confectionery Business In Costa Rica | Japan | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Goodwill, divested | 5,000,000 | ||||
Intangible assets | 24,000,000 | ||||
Sale Of Confectionery Business In France | Trademarks | Europe Segment | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Intangible asset impairment | 20,000,000 | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Australia And New Zealand | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Goodwill, Divestitures | $ 86,000,000 | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | FINLAND | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Intangible assets | 8,000,000 | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Sale Of Confectionery Business In Costa Rica | COSTA RICA | |||||
Goodwill and Intangible Assets Disclosure [Line Items] | |||||
Goodwill, divested | $ 4,000,000 |
X | ||||||||||
- Definition Goodwill and Intangible Assets Disclosure [Line Items] No definition available.
|
X | ||||||||||
- Definition Intangible Assets Written Off Related to Divested Business Unit No definition available.
|
X | ||||||||||
- Definition Number of brands. No definition available.
|
X | ||||||||||
- Definition Number Of Indefinite Lived Intangibles Fair Value Over Book Value 10% or Less No definition available.
|
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as goodwill attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount classified as intangible assets, excluding goodwill, attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. No definition available.
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) from adjustments after acquisition date under purchase accounting of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of divestiture of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit, from purchase accounting adjustments. No definition available.
|
X | ||||||||||
- Definition Amount of increase in assets, excluding financial assets and goodwill, lacking physical substance with an indefinite life, from an acquisition. No definition available.
|
X | ||||||||||
- Details
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Changes in Goodwill and Intangible Assets (Detail) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Goodwill And Intangible Assets [Line Items] | |||
Goodwill beginning balance | $ 20,276,000,000 | $ 20,664,000,000 | |
Goodwill, Currency | 909,000,000 | (464,000,000) | |
Goodwill, Divestitures | (114,000,000) | (4,000,000) | |
Goodwill, Acquisitions | 15,000,000 | 80,000,000 | |
Goodwill, Asset impairments | 0 | 0 | $ 0 |
Goodwill, Other | (1,000,000) | 0 | |
Goodwill ending balance | 21,085,000,000 | 20,276,000,000 | 20,664,000,000 |
Intangible Assets, at Cost beginning balance | 19,319,000,000 | 19,847,000,000 | |
Intangible Assets, Currency | 954,000,000 | (540,000,000) | |
Intangible Assets, Divestitures | (100,000,000) | (8,000,000) | |
Intangible Assets, Acquisitions | (7,000,000) | 158,000,000 | |
Intangible Assets, Asset impairments | (109,000,000) | (137,000,000) | (83,000,000) |
Intangible Assets, Other | 0 | (1,000,000) | |
Intangible Assets, at Cost ending balance | $ 20,057,000,000 | $ 19,319,000,000 | $ 19,847,000,000 |
X | ||||||||||
- Definition Reflects net changes to intangible assets for foreign currency translation adjustments. No definition available.
|
X | ||||||||||
- Definition Goodwill and intangible assets [Line Items] No definition available.
|
X | ||||||||||
- Definition Intangible Assets Acquired Other Than Goodwill No definition available.
|
X | ||||||||||
- Definition Intangible Assets Other Changes. No definition available.
|
X | ||||||||||
- Definition Intangible Assets Written Off Related to Divested Business Unit No definition available.
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which increases (decreases) an asset representing future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of increase (decrease), classified as other, of an asset representing the future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of divestiture of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before accumulated amortization of intangible assets, excluding goodwill. No definition available.
|
2014-2018 Restructuring Program - Additional Information (Detail) - USD ($) $ in Millions |
12 Months Ended | 44 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Aug. 31, 2016 |
May 06, 2014 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2017 |
||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Capital expenditures | $ 1,014 | $ 1,224 | $ 1,514 | ||||||
2014-2018 Restructuring Program | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Approved restructuring program cost | $ 5,700 | ||||||||
Reallocation of previously approved capital expenditures to be spent on restructuring program cash costs | 600 | ||||||||
Restructuring and related cost, cost incurred | 792 | 1,086 | 1,002 | $ 3,261 | [1] | ||||
Restructuring charges | 535 | 714 | 711 | 2,234 | [1] | ||||
Cash spent | 347 | 315 | |||||||
Non-cash asset write-downs | 215 | 321 | |||||||
Restructuring reserve | 464 | 464 | 395 | 464 | |||||
Implementation Costs | 257 | 372 | 291 | 1,027 | [1] | ||||
2014-2018 Restructuring Program | Maximum | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Capital expenditures | 1,600 | $ 2,200 | |||||||
2014-2018 Restructuring Program | Restructuring Program Costs | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Approved restructuring program cost | 4,100 | $ 3,500 | |||||||
2014-2018 Restructuring Program | Cash Expense | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Approved restructuring program cost | 3,100 | ||||||||
2014-2018 Restructuring Program | Non Cash Expense | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Approved restructuring program cost | $ 1,000 | ||||||||
2014-2018 Restructuring Program | Selling, general and administrative expenses | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Implementation Costs | 257 | $ 372 | $ 291 | ||||||
2014-2018 Restructuring Program | Other current liabilities | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Restructuring reserve | 412 | 412 | |||||||
2014-2018 Restructuring Program | Other liabilities | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Restructuring reserve | $ 52 | $ 52 | |||||||
|
X | ||||||||||
- Definition Restructuring and implementation costs, total No definition available.
|
X | ||||||||||
- Definition Restructuring costs, implementation cost No definition available.
|
X | ||||||||||
- Definition Reclassification of planned restructuring program cash spending components. No definition available.
|
X | ||||||||||
- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount expected to be recognized in earnings for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of decrease in the reserve for full or partial settlement through consideration other than cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Schedule of Restructuring Costs (Detail) - 2014-2018 Restructuring Program - USD ($) $ in Millions |
12 Months Ended | 44 Months Ended | |||||
---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2017 |
||||
Restructuring Cost and Reserve [Line Items] | |||||||
Balance at beginning of period | $ 464 | $ 395 | |||||
Charges | 535 | 714 | $ 711 | $ 2,234 | [1] | ||
Cash spent | (347) | (315) | |||||
Non-cash settlements/adjustments | (215) | (321) | |||||
Currency | 27 | (9) | |||||
Balance at end of period | 464 | 464 | 395 | 464 | |||
Severance and Related Costs | |||||||
Restructuring Cost and Reserve [Line Items] | |||||||
Balance at beginning of period | 464 | 395 | |||||
Charges | 323 | 402 | |||||
Cash spent | (347) | (315) | |||||
Non-cash settlements/adjustments | (3) | (9) | |||||
Currency | 27 | (9) | |||||
Balance at end of period | 464 | 464 | 395 | 464 | |||
Asset Write-Downs | |||||||
Restructuring Cost and Reserve [Line Items] | |||||||
Balance at beginning of period | 0 | 0 | |||||
Charges | 212 | 312 | |||||
Cash spent | 0 | 0 | |||||
Non-cash settlements/adjustments | (212) | (312) | |||||
Currency | 0 | 0 | |||||
Balance at end of period | $ 0 | $ 0 | $ 0 | $ 0 | |||
|
X | ||||||||||
- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease in the reserve for full or partial settlement through consideration other than cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which decreases (increases) the restructuring reserve. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restructuring and Implementation Costs (Detail) - 2014-2018 Restructuring Program - USD ($) $ in Millions |
12 Months Ended | 44 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2017 |
[1] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||
Restructuring Costs | $ 535 | $ 714 | $ 711 | $ 2,234 | ||||||||
Implementation Costs | 257 | 372 | 291 | 1,027 | ||||||||
Total | 792 | 1,086 | 1,002 | 3,261 | ||||||||
Operating Segments | Latin America Segment | ||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||
Restructuring Costs | 93 | 111 | 145 | 430 | ||||||||
Implementation Costs | 43 | 54 | 39 | 152 | ||||||||
Total | 136 | 165 | 184 | 582 | ||||||||
Operating Segments | Asia Middle East Africa Segment | ||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||
Restructuring Costs | 141 | 96 | 181 | 448 | ||||||||
Implementation Costs | 43 | 48 | 26 | 129 | ||||||||
Total | 184 | 144 | 207 | 577 | ||||||||
Operating Segments | Europe Segment | ||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||
Restructuring Costs | 195 | 310 | 243 | 844 | ||||||||
Implementation Costs | 68 | 88 | 78 | 272 | ||||||||
Total | 263 | 398 | 321 | 1,116 | ||||||||
Operating Segments | North America Segment | ||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||
Restructuring Costs | [2] | 94 | 183 | 114 | 448 | |||||||
Implementation Costs | [2] | 58 | 121 | 69 | 253 | |||||||
Total | [2] | 152 | 304 | 183 | 701 | |||||||
Corporate | ||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||
Restructuring Costs | [3] | 12 | 14 | 28 | 64 | |||||||
Implementation Costs | [3] | 45 | 61 | 79 | 221 | |||||||
Total | [3] | $ 57 | $ 75 | $ 107 | $ 285 | |||||||
|
X | ||||||||||
- Definition Restructuring and implementation costs, total No definition available.
|
X | ||||||||||
- Definition Restructuring costs, implementation cost No definition available.
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Short-Term Borrowings and Related Weighted-Average Interest Rates (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Short-term Debt [Line Items] | ||
Amount outstanding | $ 3,517 | $ 2,531 |
Commercial Paper | ||
Short-term Debt [Line Items] | ||
Amount outstanding | $ 3,410 | $ 2,371 |
Weighted-average rate | 1.70% | 1.00% |
Bank Loans | ||
Short-term Debt [Line Items] | ||
Amount outstanding | $ 107 | $ 160 |
Weighted-average rate | 11.50% | 10.60% |
X | ||||||||||
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Weighted average interest rate of short-term debt outstanding calculated at point in time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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Debt and Borrowing Arrangements - Additional Information (Detail) € in Millions, SFr in Millions, BRL in Millions |
3 Months Ended | 12 Months Ended | 15 Months Ended | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2017
USD ($)
|
Sep. 30, 2017
BRL
|
Apr. 12, 2017
USD ($)
|
Mar. 30, 2017
USD ($)
|
Mar. 30, 2017
CHF (SFr)
|
Mar. 13, 2017
CHF (SFr)
|
Mar. 01, 2017
USD ($)
|
Dec. 16, 2016
USD ($)
|
Oct. 28, 2016
USD ($)
|
Oct. 19, 2016
USD ($)
|
Oct. 14, 2016
USD ($)
|
Oct. 13, 2016 |
Feb. 09, 2016
USD ($)
|
Jan. 26, 2016
USD ($)
|
Jan. 21, 2016
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Mar. 30, 2017
CHF (SFr)
|
Jan. 26, 2017
USD ($)
|
Jan. 26, 2017
EUR (€)
|
Oct. 31, 2016
USD ($)
|
Jan. 31, 2016
USD ($)
|
Jan. 26, 2016
CHF (SFr)
|
Jan. 21, 2016
EUR (€)
|
|
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Deferred debt issuance costs | $ 40,000,000 | $ 33,000,000 | $ 40,000,000 | $ 33,000,000 | ||||||||||||||||||||||||
Unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments | (64,000,000) | |||||||||||||||||||||||||||
Long-term debt repaid | 1,470,000,000 | 6,186,000,000 | $ 4,975,000,000 | |||||||||||||||||||||||||
Loss on early extinguishment of debt | 11,000,000 | 428,000,000 | $ 748,000,000 | |||||||||||||||||||||||||
Carrying value of total debt | $ 17,199,000,000 | $ 17,652,000,000 | $ 17,199,000,000 | $ 17,652,000,000 | ||||||||||||||||||||||||
Weighted-average interest rate | 2.20% | 2.10% | 2.20% | 3.70% | 2.10% | |||||||||||||||||||||||
Fair value of total debt | $ 17,882,000,000 | $ 18,354,000,000 | $ 17,882,000,000 | $ 18,354,000,000 | ||||||||||||||||||||||||
Contingency provision accruals | $ 212,000,000 | BRL 667 | ||||||||||||||||||||||||||
International Subsidiaries | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Revolving credit facility, maximum borrowing capacity | 1,800,000,000 | 2,000,000,000 | 1,800,000,000 | 2,000,000,000 | ||||||||||||||||||||||||
Line of credit facility outstanding amount | 160,000,000 | 107,000,000 | 160,000,000 | 107,000,000 | ||||||||||||||||||||||||
Revolving Credit Facility | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Revolving credit facility, maximum borrowing capacity | $ 1,500,000,000 | |||||||||||||||||||||||||||
Line of credit facility outstanding amount | 0 | 0 | ||||||||||||||||||||||||||
Line of credit, expiration period | 364 days | |||||||||||||||||||||||||||
Revolving credit facility expiration date | Feb. 28, 2018 | |||||||||||||||||||||||||||
Revolving Credit Facility, October 11, 2021 | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Revolving credit facility, maximum borrowing capacity | 4,500,000,000 | 4,500,000,000 | ||||||||||||||||||||||||||
Line of credit facility outstanding amount | 0 | $ 0 | ||||||||||||||||||||||||||
Revolving credit facility expiration date | Oct. 11, 2018 | Oct. 11, 2021 | ||||||||||||||||||||||||||
Revolving credit facility debt covenant | $ 24,600,000,000 | |||||||||||||||||||||||||||
Revolving credit facility debt covenant terms | Minimum shareholders' equity of at least $24.6 billion, excluding accumulated other comprehensive earnings/(losses) and the cumulative effects of any changes in accounting principles. | |||||||||||||||||||||||||||
Revolving credit facility debt covenant compliance | At December 31, 2017, we complied with this covenant | |||||||||||||||||||||||||||
Total shareholders' equity, excluding accumulated other comprehensive earnings / (losses) | $ 36,100,000,000 | $ 36,100,000,000 | ||||||||||||||||||||||||||
Bank Term Loan Facility | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Carrying value of total debt | $ 1,500,000,000 | |||||||||||||||||||||||||||
Three-year maturity | Bank Term Loan Facility | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Carrying value of total debt | $ 750,000,000 | |||||||||||||||||||||||||||
Debt instrument, description | On October 25, 2016, we gave notice of our intent to fully draw on the loan with a five-year maturity | |||||||||||||||||||||||||||
Debt instrument, maturity term | 3 years | |||||||||||||||||||||||||||
Five-year maturity | Bank Term Loan Facility | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Carrying value of total debt | $ 750,000,000 | |||||||||||||||||||||||||||
Debt instrument, maturity term | 5 years | |||||||||||||||||||||||||||
Minimum | Commercial Paper | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Commercial paper, Maturity period | 2 days | |||||||||||||||||||||||||||
Maximum | Commercial Paper | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Commercial paper, Maturity period | 75 days | |||||||||||||||||||||||||||
6.500% U.S. dollar-denominated Notes | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | $ 488,000,000 | |||||||||||||||||||||||||||
Debt instrument, interest rate | 6.50% | |||||||||||||||||||||||||||
Long-term debt repaid | $ 504,000,000 | |||||||||||||||||||||||||||
Loss on early extinguishment of debt | 11,000,000 | |||||||||||||||||||||||||||
Decrease in accrued interest | $ 5,000,000 | |||||||||||||||||||||||||||
0.000% Swiss franc-denominated Notes | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | $ 175,000,000 | SFr 175 | ||||||||||||||||||||||||||
Debt instrument, interest rate | 0.00% | 0.00% | ||||||||||||||||||||||||||
Swiss franc notes | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | SFr 350 | $ 399,000,000 | $ 349,000,000 | SFr 400 | ||||||||||||||||||||||||
Net proceeds from issuance of notes | $ 349,000,000 | SFr 349 | 398,000,000 | |||||||||||||||||||||||||
Discounts and deferred financing costs | 1,000,000 | |||||||||||||||||||||||||||
0.050% Fixed Rate Notes, Mature on March 30, 2020 | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | SFr 225 | $ 224,000,000 | 224,000,000 | |||||||||||||||||||||||||
Debt instrument, fixed interest rate | 0.05% | |||||||||||||||||||||||||||
Debt instrument maturity Year | Mar. 30, 2020 | |||||||||||||||||||||||||||
0.617% Fixed Rate Notes, Mature on September 30, 2024 | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | SFr 125 | 125,000,000 | $ 125,000,000 | |||||||||||||||||||||||||
Debt instrument, fixed interest rate | 0.617% | |||||||||||||||||||||||||||
Debt instrument maturity Year | Sep. 30, 2024 | |||||||||||||||||||||||||||
1.125% Euro-denominated Notes | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | $ 801,000,000 | € 750 | ||||||||||||||||||||||||||
Debt instrument, interest rate | 1.125% | 1.125% | ||||||||||||||||||||||||||
2.250% Fixed Rate Notes | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Long-term debt repaid | $ 850,000,000 | |||||||||||||||||||||||||||
Loss on early extinguishment of debt | $ 19,000,000 | |||||||||||||||||||||||||||
Debt instrument, fixed interest rate | 2.25% | |||||||||||||||||||||||||||
Debt instrument maturity Year | Feb. 01, 2019 | |||||||||||||||||||||||||||
Debt instrument redemption amount | $ 866,000,000 | |||||||||||||||||||||||||||
Accrued interest | $ 7,000,000 | |||||||||||||||||||||||||||
US Dollar, Euro and British Pound Sterling-denominated Notes | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Cash tender offer amount | $ 3,180,000,000 | |||||||||||||||||||||||||||
Notes | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | $ 3,750,000,000 | |||||||||||||||||||||||||||
Loss on early extinguishment of debt | 409,000,000 | |||||||||||||||||||||||||||
Notes | Mondelez International Holdings Netherlands BV | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Deferred debt issuance costs | $ 20,000,000 | 20,000,000 | ||||||||||||||||||||||||||
Debt instrument, principal amount | $ 3,750,000,000 | |||||||||||||||||||||||||||
Net proceeds from issuance of notes | $ 3,730,000,000 | |||||||||||||||||||||||||||
Tender Offer | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Gain / (loss) recognized in income on fair value of hedges | $ 1,000,000,000 | |||||||||||||||||||||||||||
1.625% Notes Due on October 28, 2019 | Mondelez International Holdings Netherlands BV | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | $ 1,750,000,000 | |||||||||||||||||||||||||||
Debt instrument, interest rate | 1.625% | |||||||||||||||||||||||||||
Debt instrument maturity Year | Oct. 28, 2019 | |||||||||||||||||||||||||||
Floating Rate Notes Due on October 28, 2019 | Mondelez International Holdings Netherlands BV | ||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | $ 1,500,000,000 | |||||||||||||||||||||||||||
Debt instrument, interest rate | 2.00% | |||||||||||||||||||||||||||
Debt instrument maturity Year | Oct. 28, 2021 | |||||||||||||||||||||||||||
4.125% U.S. dollar Notes | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | $ 1,150,000,000 | |||||||||||||||||||||||||||
Debt instrument, interest rate | 4.125% | |||||||||||||||||||||||||||
Long-term debt repaid | $ 1,750,000,000 | |||||||||||||||||||||||||||
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, fixed interest rate | 0.08% | 0.08% | ||||||||||||||||||||||||||
Debt instrument maturity Year | Jan. 26, 2018 | |||||||||||||||||||||||||||
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, fixed interest rate | 0.65% | 0.65% | ||||||||||||||||||||||||||
Debt instrument maturity Year | Jul. 26, 2022 | |||||||||||||||||||||||||||
1.625% Notes Due 2023 | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Debt instrument, principal amount | $ 760,000,000 | € 700 | ||||||||||||||||||||||||||
Debt instrument, 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 | |||||||||||||||||||||||||||
Interest and other expense, net | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
Contingency provision accruals | $ 59,000,000 | $ 59,000,000 |
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- Definition Benefit from Brazil indirect tax resolution. No definition available.
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Identification of the lender and information about a contractual promise to repay a short-term or long-term obligation, which includes borrowings under lines of credit, notes payable, commercial paper, bonds payable, debentures, and other contractual obligations for payment. This may include rationale for entering into the arrangement, significant terms of the arrangement, which may include amount, repayment terms, priority, collateral required, debt covenants, borrowing capacity, call features, participation rights, conversion provisions, sinking-fund requirements, voting rights, basis for conversion if convertible and remarketing provisions. The description may be provided for individual debt instruments, rational groupings of debt instruments, or by debt in total. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value amount of debt instrument that was repurchased. No definition available.
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Weighted average interest rate of debt outstanding. No definition available.
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Identification of whether the entity has been in compliance with any credit facility debt covenants during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of the conditions for borrowing under the credit facility including the nature of any restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. No definition available.
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- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Debt Instrument [Line Items] | ||
U.S. Dollar notes | $ 8,327 | $ 8,812 |
Notes payable | 14,199 | |
Capital leases and other obligations | 5 | 9 |
Total | 14,135 | 14,668 |
Less current portion of long-term debt | (1,163) | (1,451) |
Long-term debt | 12,972 | 13,217 |
Euro notes | ||
Debt Instrument [Line Items] | ||
Notes payable | 3,653 | 3,980 |
Pound sterling notes | ||
Debt Instrument [Line Items] | ||
Notes payable | 456 | 418 |
Swiss franc notes | ||
Debt Instrument [Line Items] | ||
Notes payable | $ 1,694 | $ 1,449 |
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- Definition Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal through the balance sheet date. Other amounts are included within this balance with the capital lease amounts. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt and capital lease obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt and capital leases due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt and capital lease obligations including current maturities. No definition available.
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- Definition Amount of long-term notes payable classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt (Parenthetical) (Detail) |
12 Months Ended |
---|---|
Dec. 31, 2017 | |
Notes (USD) | |
Debt Instrument [Line Items] | |
Maturity date | 2040 |
Notes (USD) | Minimum | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 1.385% |
Notes (USD) | Maximum | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 7.00% |
Notes (USD) | Weighted Average | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 3.414% |
Euro notes | |
Debt Instrument [Line Items] | |
Maturity date | 2035 |
Euro notes | Minimum | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 1.00% |
Euro notes | Maximum | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 2.375% |
Euro notes | Weighted Average | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 1.93% |
Pound sterling notes | |
Debt Instrument [Line Items] | |
Maturity date | 2045 |
Pound sterling notes | Minimum | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 3.875% |
Pound sterling notes | Maximum | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 7.25% |
Pound sterling notes | Weighted Average | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 4.441% |
Swiss franc notes | |
Debt Instrument [Line Items] | |
Maturity date | 2025 |
Swiss franc notes | Minimum | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 0.05% |
Swiss franc notes | Maximum | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 1.125% |
Swiss franc notes | Weighted Average | |
Debt Instrument [Line Items] | |
Debt instrument, effective interest rate | 0.627% |
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- Definition Debt Instrument Maturity Year No definition available.
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate Maturities of Debt and Capital Leases Based on Stated Contractual Maturities (Detail) $ in Millions |
Dec. 31, 2017
USD ($)
|
---|---|
Debt Instrument [Line Items] | |
2018 | $ 1,163 |
2019 | 2,651 |
2020 | 896 |
2021 | 3,373 |
2022 | 754 |
Thereafter | 5,362 |
Total | $ 14,199 |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Interest and Other Expense Net Within Results of Continuing Operations (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Debt Instrument [Line Items] | |||||||||||
Interest expense, debt | $ 396 | $ 515 | $ 609 | ||||||||
Loss on debt extinguishment and related expenses | $ 0 | $ 0 | $ 11 | $ 0 | $ 427 | $ 0 | $ 0 | $ 0 | 11 | 427 | 753 |
JDE coffee business transactions currency-related net gains | $ 0 | $ 0 | $ 0 | $ (97) | 0 | 0 | (436) | ||||
Loss related to interest rate swaps | 0 | 97 | 34 | ||||||||
Other (income)/expense, net | (25) | 76 | 53 | ||||||||
Interest and other expense, net | $ 382 | $ 1,115 | $ 1,013 |
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- Definition Gains Losses On Extinguishment Of Debt And Related Expenses No definition available.
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net gain (loss) relating to components of the gain (loss) on the cash flow hedging instrument excluded from the assessment of cash flow hedge effectiveness. Recognized in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Derivative Instruments (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | $ 179 | $ 312 |
Liability Derivatives | 825 | 278 |
Derivatives Designated as Hedging Instruments | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | 15 | 144 |
Liability Derivatives | 509 | 49 |
Derivatives Designated as Hedging Instruments | Currency exchange contracts | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | 0 | 19 |
Liability Derivatives | 0 | 8 |
Derivatives Designated as Hedging Instruments | Commodity contracts | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | 0 | 17 |
Liability Derivatives | 0 | 22 |
Derivatives Designated as Hedging Instruments | Interest rate contracts | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | 15 | 108 |
Liability Derivatives | 509 | 19 |
Derivatives Not Designated as Hedging Instruments | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | 164 | 168 |
Liability Derivatives | 316 | 229 |
Derivatives Not Designated as Hedging Instruments | Currency exchange contracts | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | 65 | 29 |
Liability Derivatives | 76 | 43 |
Derivatives Not Designated as Hedging Instruments | Commodity contracts | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | 84 | 112 |
Liability Derivatives | 229 | 167 |
Derivatives Not Designated as Hedging Instruments | Interest rate contracts | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives | 15 | 27 |
Liability Derivatives | $ 11 | $ 19 |
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- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and elected not to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and elected not to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments Fair Value and Measurement Inputs (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | $ (646) | $ 34 |
Currency exchange contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (11) | (3) |
Commodity contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (145) | (60) |
Interest rate contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (490) | 97 |
Quoted Prices In Active Markets For Identical Assets (Level 1) | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (138) | (86) |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Currency exchange contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | 0 | 0 |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Commodity contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (138) | (86) |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Interest rate contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | 0 | 0 |
Significant Other Observable Inputs (Level 2) | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (508) | 120 |
Significant Other Observable Inputs (Level 2) | Currency exchange contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (11) | (3) |
Significant Other Observable Inputs (Level 2) | Commodity contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (7) | 26 |
Significant Other Observable Inputs (Level 2) | Interest rate contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | (490) | 97 |
Significant Unobservable Inputs (Level 3) | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | 0 | 0 |
Significant Unobservable Inputs (Level 3) | Currency exchange contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | 0 | 0 |
Significant Unobservable Inputs (Level 3) | Commodity contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | 0 | 0 |
Significant Unobservable Inputs (Level 3) | Interest rate contracts | ||
Derivative [Line Items] | ||
Derivative fair value net asset (liability) | $ 0 | $ 0 |
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- Definition Fair value of the assets less the liabilities of a derivative or group of derivatives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Financial Instruments - Additional Information (Detail) - USD ($) |
3 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Mar. 31, 2015 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Feb. 08, 2018 |
|
Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
Loss related to interest rate swaps | $ 0 | $ 97,000,000 | $ 34,000,000 | ||||||
Hedged forecasted transactions | 5 years 10 months | ||||||||
Unrealized gains recorded in earnings related to planned coffee business transactions | $ 0 | $ 0 | $ 0 | $ 97,000,000 | $ 0 | 0 | 436,000,000 | ||
Interest rate contracts | |||||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
Notional Amount | 6,365,000,000 | 6,532,000,000 | 6,365,000,000 | ||||||
Interest rate contracts | Cash Flow Hedges | |||||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
Loss related to interest rate swaps | $ 97,000,000 | $ 34,000,000 | |||||||
Expected transfers of unrealized gains (losses) to earnings, within next 12 months | (1,000,000) | ||||||||
Cross Currency Interest Rate Contract | Subsequent Event | |||||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
Notional Amount | $ 3,200,000,000 | ||||||||
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 | $ 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 | 2,000,000 | 0 | 2,000,000 | ||||||
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 | 48,000,000 | 34,000,000 | 48,000,000 | ||||||
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 | 133,000,000 | 171,000,000 | 133,000,000 | ||||||
Significant Other Observable Inputs (Level 2) | |||||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
Derivative assets after effects of netting | 162,000,000 | 26,000,000 | 162,000,000 | ||||||
Derivative liabilities after effects of netting | $ 40,000,000 | $ 523,000,000 | $ 40,000,000 |
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- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, after effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Excludes assets not subject to a master netting arrangement. No definition available.
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- Definition Fair value, after effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Excludes liabilities not subject to a master netting arrangement. No definition available.
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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Period remaining until the derivative contract matures, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The net gain (loss) relating to components of the gain (loss) on the cash flow hedging instrument excluded from the assessment of cash flow hedge effectiveness. Recognized in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of cash or securities placed with a broker or counterparty as security for a trading or derivatives securities position which was partially obtained with funds provided by the broker dealer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Notional Values of Derivative Instruments (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Net investment hedge | Euro notes | ||
Derivative [Line Items] | ||
Notional Amount | $ 3,679 | $ 4,012 |
Net investment hedge | Pound sterling notes | ||
Derivative [Line Items] | ||
Notional Amount | 459 | 419 |
Net investment hedge | Swiss franc notes | ||
Derivative [Line Items] | ||
Notional Amount | 1,694 | 1,447 |
Currency exchange contracts | Intercompany loans and forecasted interest payments | ||
Derivative [Line Items] | ||
Notional Amount | 7,089 | 3,343 |
Currency exchange contracts | Forecasted transactions | ||
Derivative [Line Items] | ||
Notional Amount | 2,213 | 1,452 |
Commodity contracts | ||
Derivative [Line Items] | ||
Notional Amount | 1,204 | 837 |
Interest rate contracts | ||
Derivative [Line Items] | ||
Notional Amount | $ 6,532 | $ 6,365 |
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- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Schedule of Cash Flow Hedges Effect on Accumulated Other Comprehensive Earnings/(Losses), Net of Taxes (Detail) - Cash Flow Hedges - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Derivative Instruments, Gain (Loss) [Line Items] | |||
Accumulated (loss)/gain at beginning of period | $ (121) | $ (45) | $ (2) |
Transfer of realized (gains)/losses in fair value to earnings | 27 | 53 | 0 |
Unrealized gain/(loss) in fair value | (19) | (129) | (43) |
Accumulated (loss)/gain at end of period | $ (113) | $ (121) | $ (45) |
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- Definition Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Effects of Cash Flow Hedges (Detail) - Cash Flow Hedges - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains / (losses) reclassified from AOCI into earnings | $ (27) | $ (53) | $ 0 |
Gains / (losses) recognized in OCI | (19) | (129) | (43) |
Currency exchange contracts | Forecasted transactions | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains / (losses) reclassified from AOCI into earnings | (3) | (1) | 83 |
Gains / (losses) recognized in OCI | (38) | 8 | 40 |
Commodity contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains / (losses) reclassified from AOCI into earnings | (24) | (4) | (52) |
Gains / (losses) recognized in OCI | 7 | (34) | (35) |
Interest rate contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains / (losses) reclassified from AOCI into earnings | 0 | (48) | (31) |
Gains / (losses) recognized in OCI | $ 12 | $ (103) | $ (48) |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Hedges (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Interest Rate Swap | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain / (loss) recognized in income on fair value of hedges | $ (4) | $ (6) | $ (1) |
Long-term Debt | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain / (loss) recognized in income on fair value of hedges | $ 4 | $ 6 | $ 1 |
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- Definition Amount of the increase (decrease) in fair value of the hedged item in a fair value hedge recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Economic Hedges (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Gain / (Loss) Recognized in Earnings | $ 0 | $ 0 | $ 0 | $ 97 | $ 0 | $ 0 | $ 436 |
Economic Hedging | Derivatives Not Designated as Hedging Instruments | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Gain / (Loss) Recognized in Earnings | (241) | (138) | 443 | ||||
Economic Hedging | Derivatives Not Designated as Hedging Instruments | Commodity contracts | Cost of Sales | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Gain / (Loss) Recognized in Earnings | (218) | (101) | (38) | ||||
Economic Hedging | Derivatives Not Designated as Hedging Instruments | 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 | 13 | 21 | 29 | ||||
Economic Hedging | Derivatives Not Designated as Hedging Instruments | Forecasted transactions | Currency exchange contracts | Interest and other expense, net | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Gain / (Loss) Recognized in Earnings | (2) | 11 | 435 | ||||
Economic Hedging | Derivatives Not Designated as Hedging Instruments | Forecasted transactions | Currency exchange contracts | Cost of Sales | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Gain / (Loss) Recognized in Earnings | (37) | (76) | 29 | ||||
Economic Hedging | Derivatives Not Designated as Hedging Instruments | Forecasted transactions | Currency exchange contracts | Selling, general and administrative expenses | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Gain / (Loss) Recognized in Earnings | $ 3 | $ 7 | $ (12) |
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Hedges of Net Investments in International Operations (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Euro notes | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains / (losses) recognized in OCI | $ (323) | $ 73 | $ 268 |
Pound sterling notes | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains / (losses) recognized in OCI | (26) | 148 | 42 |
Swiss franc notes | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains / (losses) recognized in OCI | $ (49) | $ 12 | $ 9 |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Current period adjustment in other comprehensive income reflecting gains or losses on foreign currency transactions that are designated as, and are effective as, hedges of a net investment in a foreign entity, net of tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Projected Benefit Obligations, Plan Assets and Funded Status of Pension Plans (Detail) - Pension Plans - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets at January 1 | $ 6,817 | ||
Fair value of plan assets at December 31 | 8,534 | $ 6,817 | |
U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Accrued benefit obligation at January 1 | 1,614 | 1,566 | |
Service cost | 46 | 57 | $ 64 |
Interest cost | 62 | 61 | 67 |
Benefits paid | (32) | (32) | |
Settlements paid | (111) | (91) | |
Actuarial losses | 179 | 52 | |
Divestiture | 0 | 0 | |
Currency | 0 | 0 | |
Other | 4 | 1 | |
Accrued benefit obligation at December 31 | 1,762 | 1,614 | 1,566 |
Fair value of plan assets at January 1 | 1,620 | 1,247 | |
Actual return on plan assets | 217 | 118 | |
Contributions | 23 | 378 | |
Benefits paid | (32) | (32) | |
Settlements paid | (111) | (91) | |
Divestiture | 0 | 0 | |
Currency | 0 | 0 | |
Other | 0 | 0 | |
Fair value of plan assets at December 31 | 1,717 | 1,620 | 1,247 |
Net pension (liabilities)/assets at December 31 | (45) | 6 | |
Non-U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Accrued benefit obligation at January 1 | 9,814 | 9,547 | |
Service cost | 156 | 147 | 188 |
Interest cost | 199 | 229 | 307 |
Benefits paid | (471) | (425) | |
Settlements paid | 0 | 0 | |
Actuarial losses | 180 | 1,284 | |
Divestiture | (14) | (5) | |
Currency | 976 | (979) | |
Other | 12 | 16 | |
Accrued benefit obligation at December 31 | 10,852 | 9,814 | 9,547 |
Fair value of plan assets at January 1 | 7,926 | 7,721 | |
Actual return on plan assets | 592 | 1,079 | |
Contributions | 482 | 419 | |
Benefits paid | (471) | (425) | |
Settlements paid | 0 | 0 | |
Divestiture | 0 | (4) | |
Currency | 798 | (863) | |
Other | 0 | (1) | |
Fair value of plan assets at December 31 | 9,327 | 7,926 | $ 7,721 |
Net pension (liabilities)/assets at December 31 | $ (1,525) | $ (1,888) |
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- Definition The increase in the fair value of plan assets from contributions. No definition available.
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- Definition Amount of actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of payment to participant of defined benefit plan which decreases benefit obligation. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of decrease in benefit obligation of defined benefit plan from disposal or classification as held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of decrease in plan assets of defined benefit plan from disposal or classification as held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of foreign currency translation gain (loss) which (increases) decreases benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of funded (unfunded) status of defined benefit plan, measured as difference between fair value of plan assets and benefit obligation. Includes, but is not limited to, overfunded (underfunded) status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in benefit obligation of defined benefit plan from change, classified as other. No definition available.
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- Definition Amount of payment to participant under defined benefit plan which decreases plan assets. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of foreign currency translation gain (loss) which increases (decreases) plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of (increase) decrease to benefit obligation of defined benefit plan from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk for obligation and assets used to effect settlement. Includes, but is not limited to, lump-sum cash payment to participant in exchange for right to receive specified benefits, purchase of nonparticipating annuity contract and change from remeasurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of payment, which decreases plan assets of defined benefit plan, for irrevocable action relieving primary responsibility for benefit obligation and eliminating risk for obligation and assets used to effect settlement. Transaction constituting settlement includes, but is not limited to, making lump-sum cash payment to participant in exchange for their rights to receive specified benefits and purchasing nonparticipating annuity contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Benefit Plans - Additional Information (Detail) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Defined Benefit Plan Disclosure [Line Items] | |||
Pension plans resulted in net pension liability | $ (1,570,000,000) | $ (1,882,000,000) | |
Plan assets related to certain insurance contracts | 71,000,000 | 62,000,000 | |
Expense for defined contribution plans | 43,000,000 | 44,000,000 | $ 45,000,000 |
Multiemployer Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Multiemployer pension plans | $ 26,000,000 | $ 25,000,000 | $ 31,000,000 |
Multiemployer Pension Plans | Minimum | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Company's contribution of the total contribution of each plan | 5.00% | 5.00% | 5.00% |
Multiemployer Pension Plans | Bakery and Confectionery Union and Industry International Pension Fund | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Multiemployer pension plans | $ 22,000,000 | $ 21,000,000 | $ 27,000,000 |
Percentage of surcharge on contribution | 10.00% | ||
Multiemployer Pension Plans | Multiemployer Plan, Individually Insignificant Multiemployer Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Multiemployer pension plans | 4,000,000 | 4,000,000 | $ 4,000,000 |
Multiemployer Plans, Postretirement Benefit | Multiemployer Medical Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Multiemployer pension plans | 18,000,000 | 19,000,000 | 20,000,000 |
Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Estimated from experience differences | 209,000,000 | ||
Pension Plans | Maximum | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Estimated prior service cost | 1,000,000 | ||
Pension Plans | Non-U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Accumulated benefit obligation | 10,610,000,000 | 9,531,000,000 | |
Net periodic pension cost | $ 91,000,000 | $ 81,000,000 | 175,000,000 |
Allocation of pension plan asset | 100.00% | 100.00% | |
Employer contribution | $ 470,000,000 | ||
Employer non-recurring contribution | 250,000,000 | ||
Employees contribution | 12,000,000 | ||
Estimated future employer contributions | $ 250,000,000 | ||
Weighted-average discount rate | 2.20% | 2.31% | |
Rate of compensation increase | 3.31% | 3.29% | |
Pension Plans | Non-U.S. Pension Plans | Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target Allocation on securities | 66.00% | ||
Allocation of pension plan asset | 60.00% | 57.00% | |
Pension Plans | Non-U.S. Pension Plans | Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target Allocation on securities | 32.00% | ||
Allocation of pension plan asset | 28.00% | 29.00% | |
Pension Plans | Non-U.S. Pension Plans | Other Plan Asset | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target Allocation on securities | 2.00% | ||
Pension Plans | Non-U.S. Pension Plans | Non US Pension Assets | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Allocation of pension plan asset | 63.00% | ||
Pension Plans | Non-U.S. Pension Plans | Non US Pension Assets | Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target Allocation on securities | 23.00% | ||
Pension Plans | Non-U.S. Pension Plans | Non US Pension Assets | Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target Allocation on securities | 20.00% | ||
Pension Plans | Non-U.S. Pension Plans | Non US Pension Assets | Liability Matching Assets | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target Allocation on securities | 57.00% | ||
Pension Plans | U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Accumulated benefit obligation | $ 1,715,000,000 | $ 1,540,000,000 | |
Net periodic pension cost | $ 81,000,000 | $ 95,000,000 | 102,000,000 |
Allocation of pension plan asset | 100.00% | 100.00% | |
Employer contribution | $ 23,000,000 | ||
Estimated future employer contributions | $ 39,000,000 | ||
Weighted-average discount rate | 3.68% | 4.19% | |
Rate of compensation increase | 4.00% | 4.00% | |
Pension Plans | U.S. Pension Plans | Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Allocation of pension plan asset | 85.00% | 63.00% | |
Pension Plans | U.S. Pension Plans | Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Allocation of pension plan asset | 15.00% | 33.00% | |
Pension Plans | Change in Assumptions for Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net periodic pension cost | $ (64,000,000) | ||
Postretirement Benefit Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net periodic pension cost | $ (4,000,000) | 22,000,000 | 43,000,000 |
Estimated from experience differences | 18,000,000 | ||
Estimated prior service cost | 39,000,000 | ||
Current portion of our accrued postretirement benefit obligation | $ 16,000,000 | $ 12,000,000 | |
Postretirement Benefit Plans | Non-U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Weighted-average discount rate | 4.24% | 4.55% | |
Postretirement Benefit Plans | U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Weighted-average discount rate | 3.66% | 4.14% | |
Postretirement Benefit Plans | Change in Assumptions for Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net periodic pension cost | $ (4,000,000) | ||
Postemployment Benefit Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net periodic pension cost | $ 6,000,000 | $ 12,000,000 | $ 12,000,000 |
Weighted-average discount rate | 6.50% | 6.20% | |
Ultimate annual turnover rate | 0.30% | 0.30% | |
Rate of compensation increase | 4.00% | 4.00% | |
Defined benefit plan, amount to be amortized from accumulated other comprehensive income (loss) next fiscal year | $ 3,000,000 | ||
U.S. And International Investment Grade Debt Securities | Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target Allocation on securities | 95.00% |
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- Definition Assets excluded from plan assets No definition available.
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- Definition The increase in the fair value of plan assets from non-recurring contributions made by the employer. No definition available.
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- Definition Threshold for determining whether a multiemployer plan member is a significant member of the plan. No definition available.
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- Definition Multiemployer Plans, Surcharge Imposed No definition available.
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- Definition Ultimate Annual Turnover Rate No definition available.
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- Definition Amount of liability, recognized in statement of financial position, for defined benefit pension plan, classified as current. Excludes other postretirement benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of actuarial present value of benefits attributed to employee service rendered, excluding assumptions about future compensation level. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset (liability), recognized in statement of financial position, for defined benefit pension and other postretirement plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average rate increase of compensation, used to determine benefit obligation of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of contribution received by defined benefit plan from employer which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of cost (credit) included in accumulated other comprehensive (income) loss expected to be recognized in net periodic benefit cost (credit) for fiscal year following most recent annual statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount included in accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan expected to be recognized in net periodic benefit (cost) credit for fiscal year following most recent annual statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount included in accumulated other comprehensive (income) loss for prior service cost (credit) expected to be recognized in net periodic benefit cost (credit) for fiscal year following most recent annual statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of benefits for defined benefit plan expected to be paid in remainder of fiscal year. No definition available.
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- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of contributions received by defined benefit plan from participant which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of target investment allocation to total plan assets. Includes, but is not limited to, percentage on weighted-average basis if more than one plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of fair value of investments (categorized by debt securities, equity securities, real estate and other plan assets) to the fair value of plan assets held. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost for defined contribution plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of contributions made to multiemployer plan by employer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Pension Plans Resulted in Net Pension Liability (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Defined Benefit Plan Disclosure [Line Items] | ||
Prepaid pension assets | $ 158 | $ 159 |
Other current liabilities | (59) | (27) |
Accrued pension costs | (1,669) | (2,014) |
Total | (1,570) | (1,882) |
Pension Plans | U.S. Pension Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligation | 94 | 96 |
Accumulated benefit obligation | 90 | 88 |
Fair value of plan assets | 2 | 2 |
Pension Plans | Non-U.S. Pension Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligation | 9,345 | 8,386 |
Accumulated benefit obligation | 9,138 | 8,168 |
Fair value of plan assets | $ 7,709 | $ 6,451 |
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- Definition Amount of liability, recognized in statement of financial position, for defined benefit pension plan, classified as noncurrent. Excludes other postretirement benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset (liability), recognized in statement of financial position, for defined benefit pension and other postretirement plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of accumulated benefit obligation for defined benefit pension plan with accumulated benefit obligation in excess of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of plan assets for defined benefit pension plan with accumulated benefit obligation in excess of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of projected benefit obligation for defined benefit pension plan with accumulated benefit obligation in excess of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses incurred but not yet paid classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Weighted-Average Assumptions to Determine Benefit Obligations (Detail) - Pension Plans |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
U.S. Pension Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 3.68% | 4.19% |
Expected rate of return on plan assets | 5.50% | 6.25% |
Rate of compensation increase | 4.00% | 4.00% |
Non-U.S. Pension Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 2.20% | 2.31% |
Expected rate of return on plan assets | 4.90% | 5.14% |
Rate of compensation increase | 3.31% | 3.29% |
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- Definition Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return On Assets No definition available.
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average rate increase of compensation, used to determine benefit obligation of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Components of Net Periodic Pension Cost (Detail) - Pension Plans - USD ($) $ in Millions |
12 Months Ended | |||||||
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Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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U.S. Pension Plans | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Service cost | $ 46 | $ 57 | $ 64 | |||||
Interest cost | 62 | 61 | 67 | |||||
Expected return on plan assets | (101) | (97) | (93) | |||||
Net loss from experience differences | 37 | 42 | 43 | |||||
Prior service cost/(benefit) | [1] | 2 | 2 | 2 | ||||
Settlement losses and other expenses | [2] | 35 | 30 | 19 | ||||
Net periodic pension cost | 81 | 95 | 102 | |||||
Non-U.S. Pension Plans | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Service cost | 156 | 147 | 188 | |||||
Interest cost | 199 | 229 | 307 | |||||
Expected return on plan assets | (434) | (418) | (478) | |||||
Net loss from experience differences | 167 | 120 | 141 | |||||
Prior service cost/(benefit) | [1] | (3) | (3) | 15 | ||||
Settlement losses and other expenses | [2] | 6 | 6 | 2 | ||||
Net periodic pension cost | $ 91 | $ 81 | $ 175 | |||||
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- Definition Defined Benefit Plan, Settlement Gains (Losses) and Other Expenses No definition available.
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Components of Net Periodic Pension Cost (Parenthetical) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Severance and Related Costs | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Pension curtailment losses | $ 17 | ||
Severance and Related Costs | 2014-2018 Restructuring Program | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Settlement losses | $ 11 | $ 15 | 9 |
Pension Plans | U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Settlement losses | 21 | 15 | 10 |
Pension Plans | Non-U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Settlement losses | $ 6 | $ 6 | $ 2 |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from event reducing expected years of future service of present employees or eliminating accrual of defined benefits for some or all future services of present employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk related to obligation and assets used to effect settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Weighted-Average Assumptions to Determine Net Periodic Pension Cost (Detail) - Pension Plans |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 4.19% | 4.50% | 4.20% |
Expected rate of return on plan assets | 6.25% | 6.75% | 7.25% |
Rate of compensation increase | 4.00% | 4.00% | 4.00% |
Non-U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 2.31% | 3.11% | 2.99% |
Expected rate of return on plan assets | 5.14% | 5.87% | 5.96% |
Rate of compensation increase | 3.29% | 3.18% | 3.26% |
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Fair Value of Pension Plan Assets (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | $ 8,534 | $ 6,817 | |
Investments measured at net asset value | 2,439 | 2,667 | |
Total investments at fair value | 10,973 | 9,484 | |
Pension Plans | U.S. Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2 | 1 | |
Pension Plans | Non-U.S. Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 5 | 427 | |
Pension Plans | Pooled Funds - Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2,340 | 1,524 | |
Pension Plans | Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2,347 | 1,952 | |
Pension Plans | Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 3,237 | 3,009 | |
Pension Plans | Pooled Funds - Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 602 | 756 | |
Pension Plans | Corporate Bonds And Other Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2,102 | 852 | |
Pension Plans | Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 5,941 | 4,617 | |
Pension Plans | Real Estate | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 156 | 170 | |
Pension Plans | Private Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2 | 2 | |
Pension Plans | Cash | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 86 | 73 | |
Pension Plans | Other | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2 | 3 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,658 | 1,382 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | U.S. Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2 | 1 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Non-U.S. Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 5 | 427 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Pooled Funds - Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 848 | 286 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 855 | 714 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 34 | 37 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Pooled Funds - Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 449 | 103 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Corporate Bonds And Other Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 133 | 357 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 616 | 497 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Real Estate | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 120 | 98 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Private Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Cash | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 66 | 72 | |
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Other | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1 | 1 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 6,060 | 4,833 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | U.S. Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Non-U.S. Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Pooled Funds - Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,492 | 1,235 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,492 | 1,235 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 3,203 | 2,972 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Pooled Funds - Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 153 | 618 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Corporate Bonds And Other Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,179 | (43) | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 4,535 | 3,547 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Real Estate | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 13 | 50 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Private Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Cash | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 20 | 1 | |
Significant Other Observable Inputs (Level 2) | Pension Plans | Other | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 816 | 602 | $ 924 |
Significant Unobservable Inputs (Level 3) | Non-U.S. Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 3 | 0 |
Significant Unobservable Inputs (Level 3) | Pooled Funds - Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 35 | 26 |
Significant Unobservable Inputs (Level 3) | Corporate Bonds And Other Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 790 | 538 | 665 |
Significant Unobservable Inputs (Level 3) | Real Estate | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 23 | 22 | $ 230 |
Significant Unobservable Inputs (Level 3) | Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 816 | 602 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | U.S. Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Non-U.S. Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Pooled Funds - Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 3 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 3 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Pooled Funds - Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 35 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Corporate Bonds And Other Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 790 | 538 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Fixed Income Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 790 | 573 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Real Estate | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 23 | 22 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Private Equity | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2 | 2 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Cash | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 0 | 0 | |
Significant Unobservable Inputs (Level 3) | Pension Plans | Other | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | $ 1 | $ 2 |
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- Definition Fair value of investment in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes measurement of net asset value as estimate of fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Schedule of Changes in Level 3 Plan Assets (Detail) - Significant Unobservable Inputs (Level 3) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets at January 1 | $ 602 | $ 924 |
Net Realized and Unrealized Gains/ (Losses) | 11 | 27 |
Net Purchases, Issuances and Settlements | 166 | (210) |
Net Transfers Into/(Out of) Level 3 | (25) | (6) |
Currency Impact | 62 | (133) |
Fair value of plan assets at December 31 | 816 | 602 |
Non-U.S. Equity | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets at January 1 | 3 | 0 |
Net Realized and Unrealized Gains/ (Losses) | 0 | 0 |
Net Purchases, Issuances and Settlements | 0 | 0 |
Net Transfers Into/(Out of) Level 3 | (3) | 3 |
Currency Impact | 0 | 0 |
Fair value of plan assets at December 31 | 0 | 3 |
Pooled Funds - Fixed Income Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets at January 1 | 35 | 26 |
Net Realized and Unrealized Gains/ (Losses) | 0 | 6 |
Net Purchases, Issuances and Settlements | (16) | 15 |
Net Transfers Into/(Out of) Level 3 | (21) | (7) |
Currency Impact | 2 | (5) |
Fair value of plan assets at December 31 | 0 | 35 |
Corporate Bonds And Other Fixed Income Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets at January 1 | 538 | 665 |
Net Realized and Unrealized Gains/ (Losses) | 10 | 21 |
Net Purchases, Issuances and Settlements | 182 | (41) |
Net Transfers Into/(Out of) Level 3 | 0 | 0 |
Currency Impact | 60 | (107) |
Fair value of plan assets at December 31 | 790 | 538 |
Real Estate | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets at January 1 | 22 | 230 |
Net Realized and Unrealized Gains/ (Losses) | 1 | 0 |
Net Purchases, Issuances and Settlements | 0 | (184) |
Net Transfers Into/(Out of) Level 3 | 0 | (3) |
Currency Impact | 0 | (21) |
Fair value of plan assets at December 31 | 23 | 22 |
Private Equity and Other | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets at January 1 | 4 | 3 |
Net Realized and Unrealized Gains/ (Losses) | 0 | 0 |
Net Purchases, Issuances and Settlements | 0 | 0 |
Net Transfers Into/(Out of) Level 3 | (1) | 1 |
Currency Impact | 0 | 0 |
Fair value of plan assets at December 31 | $ 3 | $ 4 |
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- Definition Amount of increase (decrease) in plan assets of defined benefit plan from actual return (loss) determined by change in fair value of plan assets adjusted for contributions, benefit payments, and other expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of foreign currency translation gain (loss) which increases (decreases) plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, measured using unobservable inputs, of increase (decrease) in plan assets of defined benefit plan from purchases, sales and settlements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, measured using unobservable inputs, of increase (decrease) in plan assets of defined benefit plan, for assets transferred into (out of) Level 3 of fair value hierarchy. Includes, but is not limited to, transfer due to change in observability of significant inputs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Percentage of Fair Value of Pension Plan Assets (Detail) - Pension Plans |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
U.S. Pension Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 100.00% | 100.00% |
U.S. Pension Plans | Equity Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 15.00% | 33.00% |
U.S. Pension Plans | Fixed Income Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 85.00% | 63.00% |
U.S. Pension Plans | Real Estate | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 0.00% | 4.00% |
U.S. Pension Plans | Hedge Funds | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 0.00% | 0.00% |
U.S. Pension Plans | Private Equity | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 0.00% | 0.00% |
U.S. Pension Plans | Cash | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 0.00% | 0.00% |
Non-U.S. Pension Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 100.00% | 100.00% |
Non-U.S. Pension Plans | Equity Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 28.00% | 29.00% |
Non-U.S. Pension Plans | Fixed Income Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 60.00% | 57.00% |
Non-U.S. Pension Plans | Real Estate | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 6.00% | 5.00% |
Non-U.S. Pension Plans | Hedge Funds | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 4.00% | 6.00% |
Non-U.S. Pension Plans | Private Equity | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 1.00% | 2.00% |
Non-U.S. Pension Plans | Cash | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of fair value pension plan assets | 1.00% | 1.00% |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Percentage of fair value of investments (categorized by debt securities, equity securities, real estate and other plan assets) to the fair value of plan assets held. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Future Benefit Payments for Pension Plans (Detail) - Pension Plans $ in Millions |
Dec. 31, 2017
USD ($)
|
---|---|
U.S. Pension Plans | |
Defined Benefit Plan Disclosure [Line Items] | |
2018 | $ 120 |
2019 | 83 |
2020 | 89 |
2021 | 93 |
2022 | 93 |
2023-2027 | 498 |
Non-U.S. Pension Plans | |
Defined Benefit Plan Disclosure [Line Items] | |
2018 | 375 |
2019 | 375 |
2020 | 387 |
2021 | 409 |
2022 | 409 |
2023-2027 | $ 2,196 |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Schedule of Individually Significant Multiemployer Pension Plan (Detail) - Multiemployer Pension Plans - Bakery and Confectionery Union and Industry International Pension Fund |
12 Months Ended |
---|---|
Dec. 31, 2017 | |
Multiemployer Plans [Line Items] | |
Pension Fund | Bakery and Confectionery Union and Industry International Pension Fund |
EIN / Pension Plan Number | 526118572 |
Pension Protection Act Zone Status | Red |
FIP / RP Status Pending / Implemented | Implemented |
Surcharge Imposed | Yes |
Expiration Date of Collective- Bargaining Agreements | Feb. 29, 2016 |
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- Definition The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of defined contribution pension and other postretirement plans. Includes, but is not limited to, plan utilized, employee group covered, and employer matching contributions. No definition available.
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- Definition Indicate the multiemployer plan's certified zone status as currently required by the Pension Protection Act of 2006 or a subsequent amendment thereof. The zone status categories are red (critical status), orange (seriously endangered), yellow (endangered), and green (none of the above). The acceptable values are "red", "orange", "yellow", "green", "other", and "NA". A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expiration date of the collective bargaining arrangement requiring contributions to the multiemployer plan, in CCYY-MM-DD format. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate whether a funding improvement plan or rehabilitation plan has been implemented or is pending for a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. The acceptable values are "no", "pending", "implemented", "other", and "NA". Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Indicate whether the employer paid a surcharge to the pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. The acceptable values are "no", "yes", and "NA". Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Benefit Obligation of Postretirement Benefit Plans (Detail) - Postretirement Benefit Plans - USD ($) $ in Millions |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||
Defined Benefit Plan Disclosure [Line Items] | |||||
Accrued benefit obligation at January 1 | $ 394 | $ 511 | |||
Service cost | 7 | 12 | $ 15 | ||
Interest cost | 15 | 20 | 22 | ||
Benefits paid | (15) | (14) | |||
Plan amendments | [1] | 0 | (149) | ||
Currency | 8 | 3 | |||
Assumption changes | 30 | 34 | |||
Actuarial losses/(gains) | (4) | (23) | |||
Accrued benefit obligation at December 31 | $ 435 | $ 394 | $ 511 | ||
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- Definition Defined Benefit Plan Assumption changes No definition available.
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- Definition Amount of gain (loss) from change in actuarial assumptions which (increases) decreases benefit obligation of defined benefit plan. Assumptions include, but are not limited to, interest, mortality, employee turnover, salary, and temporary deviation from substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of payment to participant of defined benefit plan which decreases benefit obligation. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of foreign currency translation gain (loss) which (increases) decreases benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in benefit obligation of defined benefit plan from change in terms of existing plan or initiation of new plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Weighted-Average Assumptions to Determine Postretirement Benefit Obligations (Detail) - Postretirement Benefit Plans |
12 Months Ended | |
---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
U.S. Pension Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 3.66% | 4.14% |
Health care cost trend rate assumed for next year | 6.25% | 6.50% |
Ultimate trend rate | 4.81% | 5.00% |
Year that the rate reaches the ultimate trend rate | 2024 | 2020 |
Non-U.S. Pension Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 4.24% | 4.55% |
Health care cost trend rate assumed for next year | 5.56% | 5.50% |
Ultimate trend rate | 5.56% | 5.68% |
Year that the rate reaches the ultimate trend rate | 2018 | 2018 |
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Assumed rate, for next fiscal year, based on annual change in cost of health care cost benefits used to measure expected cost of benefits covered by defined benefit postretirement plan. Factors include, but are not limited to, estimate of health care inflation, change in health care utilization or delivery pattern, technological advances, and change in health status of participant. Excludes factors for change in composition of plan population by age and dependency status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Ultimate trend rate for health care cost for defined benefit postretirement plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Year ultimate health care cost trend rate is expected to be reached, in CCYY format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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One-Percentage-Point Change in Assumed Health Care Cost Trend Rates (Detail) $ in Millions |
12 Months Ended |
---|---|
Dec. 31, 2017
USD ($)
| |
Defined Benefit Plan Disclosure [Line Items] | |
Effect on postretirement benefit obligation, Increase | $ 49 |
Effect on annual service and interest cost, Increase | 3 |
Effect on postretirement benefit obligation, Decrease | (40) |
Effect on annual service and interest cost, Decrease | $ (2) |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of decrease in accumulated postretirement benefit obligation from one-percentage-point decrease in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of decrease in service and interest cost components of net periodic postretirement benefit cost from one-percentage-point decrease in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase in accumulated postretirement benefit obligation from one-percentage-point increase in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase in service and interest cost components of net periodic postretirement benefit cost from one-percentage-point increase in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Components of Net Periodic Postretirement Health Care Costs (Detail) - Postretirement Benefit Plans - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Service cost | $ 7 | $ 12 | $ 15 | |||
Interest cost | 15 | 20 | 22 | |||
Net loss from experience differences | $ (10) | 14 | 10 | 13 | ||
Prior service credit | [1] | (40) | (20) | (7) | ||
Net periodic benefit cost | $ (4) | $ 22 | $ 43 | |||
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Components of Net Periodic Postretirement Health Care Costs (Parenthetical) (Detail) - Postretirement Benefit Plans - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Pension curtailment gain | $ 9 | |||||
Net loss from experience differences | $ 10 | $ (14) | $ (10) | $ (13) | ||
Prior service credit | [1] | $ (40) | $ (20) | $ (7) | ||
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from event reducing expected years of future service of present employees or eliminating accrual of defined benefits for some or all future services of present employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Weighted-Average Assumptions to Determine Net Periodic Postretirement Cost (Detail) - Postretirement Benefit Plans |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 4.14% | 4.60% | 4.20% |
Health care cost trend rate | 6.50% | 6.50% | 6.50% |
Non-U.S. Pension Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 4.55% | 4.77% | 4.52% |
Health care cost trend rate | 5.50% | 5.50% | 5.18% |
X | ||||||||||
- Definition Defined benefit plan assumptions used calculating net periodic benefit cost health care cost trend rate No definition available.
|
X | ||||||||||
- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Future Benefit Payments for Postretirement Health Care Plans (Detail) - Postretirement Benefit Plans $ in Millions |
Dec. 31, 2017
USD ($)
|
---|---|
U.S. Pension Plans | |
Defined Benefit Plan Disclosure [Line Items] | |
2018 | $ 11 |
2019 | 12 |
2020 | 13 |
2021 | 15 |
2022 | 16 |
2023-2027 | 85 |
Non-U.S. Pension Plans | |
Defined Benefit Plan Disclosure [Line Items] | |
2018 | 5 |
2019 | 5 |
2020 | 6 |
2021 | 6 |
2022 | 6 |
2023-2027 | $ 55 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in five fiscal years after fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in next fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in fourth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in third fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in second fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Changes in Accumulated Postemployment Benefit Obligations (Detail) - Postemployment Benefit Plans - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Defined Benefit Plan Disclosure [Line Items] | |||
Accrued benefit obligation at January 1 | $ 71 | $ 95 | |
Service cost | 5 | 7 | $ 7 |
Interest cost | 4 | 6 | 5 |
Benefits paid | (6) | (9) | |
Assumption changes | 0 | (21) | |
Actuarial losses/(gains) | 2 | (7) | |
Accrued benefit obligation at December 31 | $ 76 | $ 71 | $ 95 |
X | ||||||||||
- Definition Defined Benefit Plan Assumption changes No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) from change in actuarial assumptions which (increases) decreases benefit obligation of defined benefit plan. Assumptions include, but are not limited to, interest, mortality, employee turnover, salary, and temporary deviation from substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of payment to participant of defined benefit plan which decreases benefit obligation. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Components of Net Postemployment Costs (Detail) - Postemployment Benefit Plans - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | $ 5 | $ 7 | $ 7 |
Interest cost | 4 | 6 | 5 |
Amortization of net gains | (3) | (1) | 0 |
Net periodic benefit cost | $ 6 | $ 12 | $ 12 |
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Stock Plans - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Minimum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage of performance share units vest ranges | 0.00% | ||
Maximum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage of performance share units vest ranges | 200.00% | ||
Amended 2005 Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Shares award expiration date | May 21, 2024 | ||
Shares authorized to be issued under stock option plan | 243.7 | ||
Shares available to be granted | 67.2 | ||
Stock Options | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Compensation expense | $ 50 | $ 57 | $ 50 |
Deferred tax benefit related to compensation expense | 12 | 15 | 13 |
Unamortized compensation expense related to our stock options | $ 44 | ||
Unamortized compensation expense recognition period | 1 year 2 months 12 days | ||
Restricted, Deferred Stock Units And Performance Share Units | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Compensation expense | $ 87 | 83 | 86 |
Deferred tax benefit related to compensation expense | $ 23 | $ 22 | $ 24 |
Unamortized compensation expense recognition period | 1 year 9 months 18 days | ||
Unamortized compensation expense related to deferred stock units, performance share units and restricted stock | $ 138 |
X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Unrecognized cost of unvested share-based awards, other than options, awarded to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Unrecognized cost of unvested options awarded to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Date the equity-based award expires, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of vesting of share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Weighted-Average Black-Scholes Fair Value Assumptions (Detail) - $ / shares |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Risk-Free Interest Rate | 2.04% | 1.40% | 1.70% |
Expected Life (in years) | 6 years | 6 years | 6 years |
Expected Volatility | 22.75% | 23.11% | 18.51% |
Expected Dividend Yield | 1.74% | 1.61% | 1.61% |
Fair Value at Grant Date | $ 8.57 | $ 7.86 | $ 6.12 |
X | ||||||||||
- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
||||
Shares subject to option | |||||||
Beginning balance | 53,601,612 | 57,034,108 | 56,431,551 | ||||
Options granted | 6,175,020 | 7,633,090 | 9,800,870 | ||||
Options exercised | [1] | (9,431,009) | (8,883,101) | (6,444,515) | |||
Options cancelled | (1,910,968) | (2,182,485) | (2,753,798) | ||||
Ending balance | 48,434,655 | 53,601,612 | 57,034,108 | ||||
Exercisable at end of the period | 37,240,858 | ||||||
Weighted-average exercise price | |||||||
Beginning balance | $ 28.02 | $ 26.12 | $ 24.19 | ||||
Options granted | 43.18 | 39.74 | 36.84 | ||||
Options exercised | [1] | 26.17 | 24.09 | 22.94 | |||
Options cancelled | 38.10 | 35.23 | 32.35 | ||||
Ending balance | 29.92 | $ 28.02 | $ 26.12 | ||||
Exercisable at end of the period | $ 26.58 | ||||||
Average remaining contractual term | |||||||
Ending balance | 5 years | ||||||
Exercisable at end of the period (in years) | 4 years | ||||||
Aggregate intrinsic value | |||||||
Options exercised | [1] | $ 170 | $ 174 | $ 108 | |||
Aggregate intrinsic value | 626 | $ 874 | $ 1,068 | $ 685 | |||
Exercisable at end of the period | $ 604 | ||||||
Annual grant to eligible employees | |||||||
Shares subject to option | |||||||
Options granted | 6,012,140 | 7,517,290 | 8,899,530 | ||||
Weighted-average exercise price | |||||||
Options granted | $ 43.20 | $ 39.70 | $ 36.94 | ||||
Additional options issued | |||||||
Shares subject to option | |||||||
Options granted | 162,880 | 115,800 | 901,340 | ||||
Weighted-average exercise price | |||||||
Options granted | $ 42.54 | $ 42.26 | $ 35.84 | ||||
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Abstract] No definition available.
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Term [Abstract] No definition available.
|
X | ||||||||||
- Definition The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
X | ||||||||||
- Definition Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Stock Option Activity (Parenthetical) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Cash received from options exercised | $ 257 | $ 221 | $ 148 |
Actual tax benefit realized for the tax deductions from the option exercises | $ 31 | $ 31 | $ 58 |
X | ||||||||||
- Definition Amount of tax benefit from exercise of stock options granted under share-based compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
Performance Share Unit, Deferred Stock Unit, and Restricted Stock Activity (Detail) - USD ($) |
12 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||||||||
Number of Shares | |||||||||||||||
Beginning balance | 7,593,627 | 9,418,216 | 10,582,640 | ||||||||||||
Shares granted | 3,470,323 | 3,312,141 | 3,939,162 | ||||||||||||
Vested | [1] | (2,622,807) | (3,992,902) | (3,905,745) | |||||||||||
Forfeited | [1] | (771,438) | (1,143,828) | (1,197,841) | |||||||||||
Ending balance | 7,669,705 | 7,593,627 | 9,418,216 | ||||||||||||
Weighted-average grant date fair value per share | |||||||||||||||
Beginning balance | [2] | $ 36.90 | $ 33.71 | $ 28.86 | |||||||||||
Shares granted | [2] | 42.75 | 35.65 | 37.44 | |||||||||||
Vested | [1],[2] | 35.78 | 28.15 | 24.66 | |||||||||||
Forfeited | [1],[2] | 38.69 | 37.58 | 32.63 | |||||||||||
Ending balance | [2] | $ 39.74 | $ 36.90 | $ 33.71 | |||||||||||
Weighted-Average Aggregate Fair Value | |||||||||||||||
Total shares granted | [2] | $ 148 | $ 118 | $ 147 | |||||||||||
Vested | [1],[2] | $ 94 | $ 112 | $ 96 | |||||||||||
Performance Share Units | |||||||||||||||
Number of Shares | |||||||||||||||
Shares granted | 1,087,010 | 1,406,500 | 1,598,290 | ||||||||||||
Weighted-average grant date fair value per share | |||||||||||||||
Shares granted | [2] | $ 43.14 | $ 34.35 | $ 38.81 | |||||||||||
Restricted Stock | |||||||||||||||
Number of Shares | |||||||||||||||
Shares granted | 386,910 | ||||||||||||||
Weighted-average grant date fair value per share | |||||||||||||||
Shares granted | [2] | $ 36.94 | |||||||||||||
Deferred Stock Units | |||||||||||||||
Number of Shares | |||||||||||||||
Shares granted | 845,550 | 1,040,790 | 866,640 | ||||||||||||
Weighted-average grant date fair value per share | |||||||||||||||
Shares granted | [2] | $ 43.20 | $ 39.70 | $ 36.94 | |||||||||||
Additional shares granted | |||||||||||||||
Number of Shares | |||||||||||||||
Shares granted | 1,537,763 | [3] | 864,851 | [3] | 1,087,322 | [4] | |||||||||
Weighted-average grant date fair value per share | |||||||||||||||
Shares granted | [2] | $ 42.22 | [3] | $ 32.90 | [3] | $ 36.00 | [4] | ||||||||
Annual grant to eligible employees | |||||||||||||||
Grant date | |||||||||||||||
Grant date | Feb. 16, 2017 | Feb. 22, 2016 | Feb. 18, 2015 | ||||||||||||
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options [Abstract] No definition available.
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- Definition Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Grant Date No definition available.
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X | ||||||||||
- Definition Weighted Average Grant Date Fair Value Stock Granted No definition available.
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- References No definition available.
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- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Performance Share Unit, Deferred Stock Unit, and Restricted Stock Activity (Parenthetical) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Actual tax benefit realized for the tax deductions from the shares vested | $ 7 | $ 18 | $ 18 |
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- Definition Disclosure of the aggregate tax benefit realized from stock awards that vested. No definition available.
|
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
Capital Stock - Additional Information (Detail) - USD ($) |
12 Months Ended | |||
---|---|---|---|---|
Jan. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Class of Stock [Line Items] | ||||
Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 | ||
Preferred stock, shares authorized | 500,000,000 | |||
Preferred stock, shares issued | 0 | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | 0 | |
Cost of shares repurchased | $ 2,202,000,000 | $ 2,601,000,000 | $ 3,622,000,000 | |
Repurchase of Common Stock | $ 2,174,000,000 | $ 2,601,000,000 | $ 3,622,000,000 | |
Common Class A | ||||
Class of Stock [Line Items] | ||||
Common stock reserved for stock option and other stock awards | 123,000,000 | |||
Stock repurchase value | $ 13,700,000,000 | |||
Number of shares repurchased | 50,598,902 | 61,972,713 | 91,875,878 | |
Average cost of shares repurchased | $ 43.51 | |||
Cost of shares repurchased | $ 2,200,000,000 | |||
Stock repurchase remaining amount | 600,000,000 | |||
Common Class A | Subsequent Event | ||||
Class of Stock [Line Items] | ||||
Stock repurchase value | $ 100,000,000 | |||
Repurchase of Common Stock | 28,000,000 | |||
Stock repurchase remaining amount | 6,500,000,000 | |||
Common Class A | Share Repurchase Program amended July 29, 2015 | Subsequent Event | ||||
Class of Stock [Line Items] | ||||
Stock repurchase value | 19,700,000,000 | |||
Increase in share repurchase value | $ 6,000,000,000 | |||
Stock repurchase expiration date | Dec. 31, 2020 | |||
Common Class A | Prior to January 1, 2017 | ||||
Class of Stock [Line Items] | ||||
Stock repurchase value | $ 10,800,000,000 |
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- Definition Increase In Stock Repurchase Program Authorized Amount No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of stock repurchase plan authorized. No definition available.
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- Definition Expiration date for the purchase of an entity's own shares under a stock repurchase plan, in the CCYY-MM-DD format. No definition available.
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- Definition Amount remaining of a stock repurchase plan authorized. No definition available.
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- Definition Total cost of shares repurchased divided by the total number of shares repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Authorized Common Stock Repurchase Programs (Detail) - shares |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Class of Stock [Line Items] | |||
Common Stock, Shares Issued, Beginning Balance | 1,996,537,778 | ||
Common Stock, Shares Issued, Ending Balance | 1,996,537,778 | 1,996,537,778 | |
Common Stock, Treasury Shares, Beginning Balance | (468,172,237) | ||
Common Stock, Treasury Shares, Ending Balance | (508,401,694) | (468,172,237) | |
Common Class A | |||
Class of Stock [Line Items] | |||
Common Stock, Shares Issued, Beginning Balance | 1,996,537,778 | 1,996,537,778 | 1,996,537,778 |
Exercise of stock options and issuance of other stock awards | 0 | 0 | 0 |
Common Stock, Shares Issued, Ending Balance | 1,996,537,778 | 1,996,537,778 | 1,996,537,778 |
Common Stock, Treasury Shares, Beginning Balance | (468,172,237) | (416,504,624) | (332,896,779) |
Shares repurchased | (50,598,902) | (61,972,713) | (91,875,878) |
Exercise of stock options and issuance of other stock awards | 10,369,445 | 10,305,100 | 8,268,033 |
Common Stock, Treasury Shares, Ending Balance | (508,401,694) | (468,172,237) | (416,504,624) |
Common Stock, Shares Outstanding, Beginning Balance | 1,528,365,541 | 1,580,033,154 | 1,663,640,999 |
Shares repurchased | (50,598,902) | (61,972,713) | (91,875,878) |
Exercise of stock options and issuance of other stock awards | 10,369,445 | 10,305,100 | 8,268,033 |
Common Stock, Shares Outstanding, Ending Balance | 1,488,136,084 | 1,528,365,541 | 1,580,033,154 |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gross number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP). Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. No definition available.
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- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies - Additional Information (Detail) BRL in Millions, ₨ in Billions |
3 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Sep. 30, 2017
USD ($)
|
Sep. 30, 2017
BRL
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2017
INR (₨)
|
|
Loss Contingencies [Line Items] | |||||||
Income due to reversal of accrued liability under tax indemnity | $ 58,000,000 | ||||||
Contingency provision accruals | $ 212,000,000 | BRL 667 | |||||
Rental expenses | $ 284,000,000 | $ 317,000,000 | $ 331,000,000 | ||||
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 | 59,000,000 | ₨ 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 | 77,000,000 | 4.9 | |||||
Indian Department of Central Excise Authority | Cadbury | Maximum | |||||||
Loss Contingencies [Line Items] | |||||||
Tax penalties and interest expense | 91,000,000 | ₨ 5.8 | |||||
Selling, general and administrative expenses | |||||||
Loss Contingencies [Line Items] | |||||||
Income due to reversal of accrued liability under tax indemnity | 46,000,000 | ||||||
Contingency provision accruals | 153,000,000 | ||||||
Interest and other expense, net | |||||||
Loss Contingencies [Line Items] | |||||||
Income due to reversal of accrued liability under tax indemnity | $ 12,000,000 | ||||||
Contingency provision accruals | $ 59,000,000 | 59,000,000 | |||||
Selling, general and administrative expenses and interest and other expense, net | |||||||
Loss Contingencies [Line Items] | |||||||
Income due to reversal of accrued liability under tax indemnity | $ 4,000,000 | ||||||
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 |
X | ||||||||||
- Definition Benefit from Brazil indirect tax resolution. No definition available.
|
X | ||||||||||
- Definition Benefit from indemnification resolution. No definition available.
|
X | ||||||||||
- Definition The amount of estimated penalties and interest accrued as of the balance sheet date arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The value (monetary amount) of the award the plaintiff seeks in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Reflects the estimated amount of loss from the specified contingency as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition States the date the complaint was formally filed in a court of law, in arbitration or mediation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Minimum Rental Commitments (Detail) $ in Millions |
Dec. 31, 2017
USD ($)
|
---|---|
Leases Future Minimum Payments [Line Items] | |
2018 | $ 245 |
2019 | 202 |
2020 | 150 |
2021 | 102 |
2022 | 67 |
Thereafter | 154 |
Total | $ 920 |
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- Definition Leases Future Minimum Payments [Line Items] No definition available.
|
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- Definition Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Reclassifications from Accumulated Other Comprehensive Income - Additional Information (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Net loss amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax) | $ 174 | $ 250 | $ 350 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Components of Accumulated Other Comprehensive Earnings /(Losses) (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Balances | $ 25,215 | $ 28,100 | $ 25,215 | $ 28,100 | $ 27,853 | |||||||||||||||
Cost of sales | (15,831) | (15,795) | (18,124) | |||||||||||||||||
Interest rate contracts | (382) | (1,115) | (1,013) | |||||||||||||||||
Tax (expense)/benefit on reclassifications | $ 178 | $ 272 | $ 84 | 154 | $ (78) | $ 40 | $ 118 | 49 | (688) | (129) | (593) | |||||||||
Other comprehensive earnings/(losses) | 1,152 | (1,153) | (2,694) | |||||||||||||||||
Less: (earnings)/loss attributable to noncontrolling interests | (28) | 17 | 26 | |||||||||||||||||
Balances | 26,191 | 25,215 | 26,191 | 25,215 | 28,100 | |||||||||||||||
Other comprehensive earnings / (losses) attributable to Mondelez International | 1,124 | (1,136) | (2,668) | |||||||||||||||||
Currency Translation Adjustments | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Balances | (8,914) | (8,006) | (8,914) | (8,006) | (5,042) | |||||||||||||||
Currency translation adjustments | 987 | (847) | (2,905) | |||||||||||||||||
Venezuela deconsolidation | 0 | 0 | 0 | 0 | 99 | |||||||||||||||
Equity method investment transactions | 0 | 57 | 0 | |||||||||||||||||
Tax (expense)/benefit | 214 | (135) | (184) | |||||||||||||||||
Other comprehensive earnings/(losses) | 1,201 | (925) | (2,990) | |||||||||||||||||
Less: (earnings)/loss attributable to noncontrolling interests | (28) | 17 | 26 | |||||||||||||||||
Balances | (7,741) | (8,914) | (7,741) | (8,914) | (8,006) | |||||||||||||||
Pension and Other Benefits | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Balances | (2,087) | (1,934) | (2,087) | (1,934) | (2,274) | |||||||||||||||
Net actuarial gain/(loss) arising during period | (71) | (491) | (60) | |||||||||||||||||
Tax (expense)/benefit on net actuarial gain/(loss) | 50 | 70 | 3 | |||||||||||||||||
Currency impact | (183) | 128 | 146 | |||||||||||||||||
Other comprehensive earnings/(losses) | (57) | (153) | 340 | |||||||||||||||||
Balances | (2,144) | (2,087) | (2,144) | (2,087) | (1,934) | |||||||||||||||
Derivative Cash Flow Hedges | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Balances | (121) | (46) | (121) | (46) | (2) | |||||||||||||||
Net derivative gains/(losses) | (17) | (151) | (75) | |||||||||||||||||
Tax (expense)/benefit on net derivative gain/(loss) | 9 | 20 | 30 | |||||||||||||||||
Currency impact | (11) | 3 | 1 | |||||||||||||||||
Other comprehensive earnings/(losses) | 8 | (75) | (44) | |||||||||||||||||
Balances | (113) | (121) | (113) | (121) | (46) | |||||||||||||||
Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Balances | $ (11,122) | $ (9,986) | (11,122) | (9,986) | (7,318) | |||||||||||||||
Other comprehensive earnings/(losses) | 1,124 | (1,136) | (2,668) | |||||||||||||||||
Balances | $ (9,998) | $ (11,122) | (9,998) | (11,122) | (9,986) | |||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income | Pension and Other Benefits | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Amortization of experience losses and prior service costs | [1] | 174 | 150 | 207 | ||||||||||||||||
Settlement losses | [1] | 38 | 36 | 111 | ||||||||||||||||
Venezuela deconsolidation | 0 | 0 | 2 | |||||||||||||||||
Tax (expense)/benefit on reclassifications | [2] | (65) | (46) | (69) | ||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Tax (expense)/benefit on reclassifications | [2] | (6) | (42) | (21) | ||||||||||||||||
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 | [3] | 4 | 3 | (90) | ||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Commodity contracts | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Cost of sales | [3] | 29 | 9 | 64 | ||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Interest rate contracts | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||
Interest rate contracts | [4] | $ 0 | $ 83 | $ 47 | ||||||||||||||||
|
X | ||||||||||
- Definition Other Comprehensive Income Foreign Currency Translation Reclassification Associated With Equity Method Investment Exchange No definition available.
|
X | ||||||||||
- Definition Other Comprehensive Income Foreign Currency Translation Reclassification Associated With Venezuela Deconsolidation No definition available.
|
X | ||||||||||
- Definition Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Currency Impact No definition available.
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X | ||||||||||
- Definition Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Currency Impact No definition available.
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X | ||||||||||
- Definition Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension Plans Associated With Venezuela Deconsolidation No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of tax expense (benefit) for (increase) decrease in value of benefit obligation for change in actuarial assumptions and increase (decrease) in value of plan assets from experience different from that assumed of defined benefit plan, that has not been recognized in net periodic benefit (cost) credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, before tax, of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before tax, after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of other comprehensive income (loss) attributable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, before tax, of gain (loss) for (increase) decrease in value of benefit obligation for change in actuarial assumptions and increase (decrease) in value of plan assets from experience different from that assumed of defined benefit plan, that has not been recognized in net periodic benefit (cost) credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, before tax, of reclassification adjustment from accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Components of Accumulated Other Comprehensive Earnings /(Losses) (Parenthetical) (Detail) $ in Millions |
12 Months Ended |
---|---|
Dec. 31, 2015
USD ($)
| |
Coffee Business | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Settlement losses | $ 90 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk related to obligation and assets used to effect settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Income Taxes - Additional Information (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Jan. 01, 2017 |
Dec. 31, 2014 |
|
Income Tax Contingency [Line Items] | ||||||||||
Provisional discrete net tax benefit | $ (59) | |||||||||
U.S. tax reform transition tax | 1,317 | $ 0 | $ 0 | |||||||
Provisional deferred tax benefit | 1,311 | |||||||||
Deferred tax benefit related to changes in our indefinite reinvestment assertion | $ 61 | |||||||||
Federal income tax rates | 35.00% | 35.00% | 35.00% | |||||||
Unremitted earnings indefinitely reinvested | $ 2,000 | $ 2,000 | ||||||||
Impact on provision for income tax, out-of-period adjustments | $ 14 | |||||||||
Effective tax rate | 22.00% | 8.90% | 7.50% | |||||||
Total favorable discrete items | $ 117 | $ 161 | $ 119 | |||||||
Gains on coffee business transactions and divestitures | (2) | $ (187) | $ 3 | $ 0 | 186 | 9 | $ 6,822 | |||
Effective tax rate, excluding the discrete items | 17.80% | |||||||||
Loss carryforwards | 4,060 | 4,060 | ||||||||
Loss carryforwards, expire at various dates between 2018 and 2037 | 1,105 | 1,105 | ||||||||
Loss carryforwards, indefinitely | 2,955 | 2,955 | ||||||||
Unrecognized tax benefits | 579 | 579 | $ 610 | $ 756 | $ 610 | $ 852 | ||||
Impact on tax provision from unrecognized tax benefits | 524 | 524 | 549 | |||||||
Unrecognized tax benefits reasonably possible increase resulting from unfavorable audit developments | 40 | |||||||||
Unrecognized tax benefits reasonably possible decrease resulting from audit settlements and the expiration of statutes of limitations in various jurisdictions | 150 | 150 | ||||||||
Unrecognized tax benefits reasonably possible reductions due to audit settlements and expiration of statutes of limitations | 150 | |||||||||
Unrecognized tax benefits, income tax penalties and interest accrued | $ 212 | 212 | $ 189 | |||||||
Net benefit for interest and penalties | $ 26 | |||||||||
Unremitted Foreign Earnings And Profits [Member] | ||||||||||
Income Tax Contingency [Line Items] | ||||||||||
Accumulated foreign earnings and profits, percentage | 8.00% | |||||||||
Scenario Forecast | ||||||||||
Income Tax Contingency [Line Items] | ||||||||||
Federal income tax rates | 21.00% | |||||||||
Liquid Assets [Member] | ||||||||||
Income Tax Contingency [Line Items] | ||||||||||
Accumulated foreign earnings and profits, percentage | 15.50% | |||||||||
Coffee Business | ||||||||||
Income Tax Contingency [Line Items] | ||||||||||
Gains on coffee business transactions and divestitures | 6,809 | |||||||||
Tax expense on gains from divestitures | 184 | |||||||||
Tax costs incurred to remit proceeds up from lower-tier foreign subsidiaries | $ 27 |
X | ||||||||||
- Definition Accumulated foreign earnings and profits, percentage. No definition available.
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X | ||||||||||
- Definition "Amount of tax expense (benefit) related to a gain (loss) on disposal. No definition available.
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X | ||||||||||
- Definition Effective Income Tax Rate, Continuing Operations, Excluding Discrete Items No definition available.
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X | ||||||||||
- Definition Effective Tax Rate Net Tax Benefits No definition available.
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X | ||||||||||
- Definition Amount of current and deferred foreign income tax expense (benefit) attributable to the sale of a business. No definition available.
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X | ||||||||||
- Definition Impact on tax provision from unrecognized tax benefits No definition available.
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X | ||||||||||
- Definition Deferred income tax expense (benefit) related to changes in indefinite reinvestment assertion due to Tax Cuts and Jobs Act of 2017. No definition available.
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X | ||||||||||
- Definition Provisional deferred tax benefit due to Tax Cuts and Jobs Act of 2017. No definition available.
|
X | ||||||||||
- Definition Provisional discrete net tax expense/(benefit) due to the Tax Cuts and Jobs Act of 2017. No definition available.
|
X | ||||||||||
- Definition Provisional transition tax due to the Tax Cuts and Jobs Act of 2017. No definition available.
|
X | ||||||||||
- Definition Unrecognized Tax Benefits Reasonably Possible Increase Due to Unfavorable Audit Developments No definition available.
|
X | ||||||||||
- Definition Unrecognized Tax Benefits Reasonably Possible Reductions Due to Audit Settlements and Expiration of Statutes of Limitations No definition available.
|
X | ||||||||||
- Definition Amount of decrease reasonably possible in the next twelve months for the unrecognized tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards that are not subject to expiration dates. No definition available.
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards that are subject to expiration dates. No definition available.
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X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) to previously recorded tax expense. Includes, but is not limited to, significant settlements of income tax disputes, and unusual tax positions or infrequent actions taken by the entity, including tax assessment reversal, and IRS tax settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of expense for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Provision for Income Taxes (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Income Taxes [Line Items] | |||||||||||
United States | $ 354 | $ (364) | $ 43 | ||||||||
Outside United States | 2,770 | 1,818 | 7,841 | ||||||||
Earnings before income taxes | 3,124 | 1,454 | 7,884 | ||||||||
United States federal current | 1,322 | (227) | (90) | ||||||||
United States federal deferred | (1,256) | 141 | 136 | ||||||||
Federal income tax | 66 | (86) | 46 | ||||||||
State and local current | 33 | 7 | 6 | ||||||||
State and local deferred | 33 | 8 | (3) | ||||||||
State and local taxes | 66 | 15 | 3 | ||||||||
Total United States | 132 | (71) | 49 | ||||||||
Outside United States current | 541 | 490 | 707 | ||||||||
Outside United States deferred | 15 | (290) | (163) | ||||||||
Total outside United States | 556 | 200 | 544 | ||||||||
Total provision for income taxes | $ (178) | $ (272) | $ (84) | $ (154) | $ 78 | $ (40) | $ (118) | $ (49) | $ 688 | $ 129 | $ 593 |
X | ||||||||||
- Definition Domestic Income Tax Expense Benefit total No definition available.
|
X | ||||||||||
- Definition Income Taxes [Line Items] No definition available.
|
X | ||||||||||
- Definition Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current and deferred federal income tax expense (benefit) attributable to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current and deferred foreign income tax expense (benefit) attributable to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of state and local current and deferred income tax expense (benefit) attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Effective Income Tax Rate (Detail) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Income Tax [Line Items] | |||
U.S. federal statutory rate | 35.00% | 35.00% | 35.00% |
State and local income taxes, net of federal tax benefit excluding IRS audit impacts | 0.80% | 0.80% | (0.10%) |
Foreign rate differences | (10.80%) | (18.60%) | (2.50%) |
Changes in judgment on realizability of deferred tax assets | 3.20% | 0.00% | 0.00% |
Reversal of other tax accruals no longer required | (1.70%) | (7.70%) | (1.40%) |
Tax accrual on investment in Keurig | 2.70% | 2.30% | 0.00% |
Excess tax benefits from equity compensation | (1.20%) | 0.00% | 0.00% |
Tax legislation (non-U.S. tax reform) | (2.70%) | (4.00%) | (0.50%) |
U.S. tax reform - deferred benefit from tax rate change | (42.00%) | 0.00% | 0.00% |
U.S. tax reform - transition tax | 42.20% | 0.00% | 0.00% |
U.S. tax reform - changes in indefinite reinvestment assertion | (2.00%) | 0.00% | 0.00% |
Gains on coffee business transactions and divestitures | 0.00% | 0.00% | (26.90%) |
Business sales | (0.90%) | 0.00% | 0.00% |
Loss on deconsolidation of Venezuela | 0.00% | 0.00% | 3.50% |
Non-deductible expenses | 0.40% | 0.90% | 0.30% |
Other | (1.00%) | 0.20% | 0.10% |
Effective tax rate | 22.00% | 8.90% | 7.50% |
X | ||||||||||
- Definition Effective Income Tax Rate Reconciliation, Deconsolidation No definition available.
|
X | ||||||||||
- Definition Effective income tax rate reconciliation due to business sales. No definition available.
|
X | ||||||||||
- Definition Effective Income Tax Rate Reconciliation Reversal Of Other Tax Accruals No Longer Required No definition available.
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to the accrual on equity method investment. No definition available.
|
X | ||||||||||
- Definition Effective income tax rate reconciliation, changes in indefinite reinvestment assertion attributable to the Tax Cuts and Jobs Act of 2017. No definition available.
|
X | ||||||||||
- Definition Effective income tax rate reconciliation change in deferred benefit from tax rate change due to the Tax Cuts and Jobs Act of 2017. No definition available.
|
X | ||||||||||
- Definition Effective income tax rate reconciliation change in rate due to transition tax attributable to the Tax Cuts and Jobs Act of 2017. No definition available.
|
X | ||||||||||
- Definition Income Tax [Line Items] No definition available.
|
X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other deductions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to disposition of a business not qualifying as a discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to equity-based compensation costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Deferred Tax Assets and Liabilities Temporary Differences (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Deferred income tax assets: | ||
Accrued postretirement and postemployment benefits | $ 191 | $ 214 |
Accrued pension costs | 313 | 370 |
Other employee benefits | 155 | 237 |
Accrued expenses | 269 | 379 |
Loss carryforwards | 773 | 619 |
Tax credit carryforwards | 370 | 0 |
Other | 342 | 331 |
Total deferred income tax assets | 2,413 | 2,150 |
Valuation allowance | (853) | (310) |
Net deferred income tax assets | 1,560 | 1,840 |
Deferred income tax liabilities: | ||
Intangible assets | (3,977) | (5,174) |
Property, plant and equipment | (452) | (557) |
Other | (188) | (472) |
Total deferred income tax liabilities | (4,617) | (6,203) |
Net deferred income tax liabilities | $ (3,057) | $ (4,363) |
X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible capital loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, before allocation of a valuation allowances, of deferred tax assets attributable to deductible tax credit carryforwards including, but not limited to, research, foreign, general business, alternative minimum tax, and other deductible tax credit carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from compensation and benefits, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from pension benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from provisions, reserves, allowances, and accruals, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from intangible assets including goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Change in Unrecognized Tax Benefit (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Income Tax Contingency [Line Items] | |||
Unrecognized tax benefits beginning balance | $ 610 | $ 756 | $ 852 |
Increases from positions taken during prior periods | 33 | 18 | 34 |
Decreases from positions taken during prior periods | (93) | (123) | (74) |
Increases from positions taken during the current period | 64 | 90 | 84 |
Decreases relating to settlements with taxing authorities | (54) | (75) | (13) |
Reductions resulting from the lapse of the applicable statute of limitations | (29) | (43) | (41) |
Currency/other | 48 | (13) | (86) |
Unrecognized tax benefits ending balance | $ 579 | $ 610 | $ 756 |
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- Definition Unrecognized Tax Benefits Decrease Currency Other No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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X | ||||||||||
- Definition Amount of unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from settlements with taxing authorities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from lapses of applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Basic and Diluted Earnings per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||||||
Earnings Per Share [Line Items] | |||||||||||||||||||||
Net earnings | $ 810 | [1] | $ 993 | [1] | $ 500 | [1] | $ 633 | [1] | $ 93 | [1] | $ 548 | [1] | $ 471 | [1] | $ 557 | [1] | $ 2,936 | $ 1,669 | $ 7,291 | ||
Noncontrolling interest | (8) | (1) | (2) | (3) | 0 | 0 | (7) | (3) | (14) | (10) | (24) | ||||||||||
Net earnings attributable to Mondelez International | $ 802 | $ 992 | $ 498 | $ 630 | $ 93 | $ 548 | $ 464 | $ 554 | $ 2,922 | $ 1,659 | $ 7,267 | ||||||||||
Weighted-average shares for basic EPS | 1,497 | 1,507 | 1,519 | 1,529 | 1,540 | 1,557 | 1,557 | 1,569 | 1,513 | 1,556 | 1,618 | ||||||||||
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares | 16 | 17 | 20 | 21 | 19 | 19 | 19 | 18 | 18 | 17 | 19 | ||||||||||
Weighted-average shares for diluted EPS | 1,513 | 1,524 | 1,539 | 1,550 | 1,559 | 1,576 | 1,576 | 1,587 | 1,531 | 1,573 | 1,637 | ||||||||||
Basic earnings per share attributable to Mondelez International | $ 0.54 | $ 0.66 | $ 0.33 | $ 0.41 | $ 0.06 | $ 0.35 | $ 0.30 | $ 0.35 | $ 1.93 | $ 1.07 | $ 4.49 | ||||||||||
Diluted earnings per share attributable to Mondelez International | $ 0.53 | $ 0.65 | $ 0.32 | $ 0.41 | $ 0.06 | $ 0.35 | $ 0.29 | $ 0.35 | $ 1.91 | $ 1.05 | $ 4.44 | ||||||||||
|
X | ||||||||||
- Definition Earnings Per Share [Line Items] No definition available.
|
X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings Per Share - Additional Information (Detail) - shares shares in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive Mondelez International stock options excluded from the calculation of diluted EPS | 8.5 | 7.8 | 5.1 |
X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
Segment Reporting - Additional Information (Detail) $ in Millions |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017
USD ($)
|
Sep. 30, 2017
USD ($)
|
Jun. 30, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Jul. 02, 2015
USD ($)
|
Dec. 31, 2017
USD ($)
Segment
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
|
Segment Reporting Information [Line Items] | |||||||||||||
Number of reportable operating segments | Segment | 4 | ||||||||||||
After-tax equity method investment net earnings | $ 224 | $ 103 | $ 67 | $ 66 | $ 83 | $ 31 | $ 102 | $ 85 | $ 460 | $ 301 | $ 0 | ||
Operating income (loss) | 3,506 | 2,569 | 8,897 | ||||||||||
Stock-based compensation expense | $ 137 | 140 | 136 | ||||||||||
Number of customers accounted for 10% or more of net revenue | No single customer accounted for 10% or more of our net revenues from continuing operations in 2017 | ||||||||||||
Corporate | Scenario, Adjustment | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Stock-based compensation expense | 32 | ||||||||||||
Asia Middle East Africa Segment | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Operating income (loss) | $ 516 | 506 | 389 | ||||||||||
North America Segment | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Operating income (loss) | $ 1,120 | $ 1,078 | 1,105 | ||||||||||
North America Segment | Scenario, Previously Reported | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Stock-based compensation expense | $ (32) | ||||||||||||
Customer Concentration Risk | Net Revenues | Five Largest Customers | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Largest customer, percentage of net revenues | 15.60% | ||||||||||||
Customer Concentration Risk | Net Revenues | Ten Largest Customers | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Largest customer, percentage of net revenues | 21.40% | ||||||||||||
Equity Method Investments | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Operating income (loss) | $ 56 | ||||||||||||
Equity Method Investments | Asia Middle East Africa Segment | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Operating income (loss) | 52 | ||||||||||||
Equity Method Investments | North America Segment | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
Operating income (loss) | $ 4 | ||||||||||||
Maximum | |||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||
After-tax equity method investment net earnings | $ 1 |
X | ||||||||||
- Definition Description of risks that arise due to the volume of business transacted with a particular customer. At a minimum, the description informs financial statement users of the general nature of the risk, but excludes "Information about Major Customers" that may be disclosed elsewhere (for instance, segment disclosures). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. No definition available.
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net Revenues by Segment (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | $ 6,966 | $ 6,530 | $ 5,986 | $ 6,414 | $ 6,770 | $ 6,396 | $ 6,302 | $ 6,455 | $ 25,896 | [1] | $ 25,923 | [1] | $ 29,636 | [1] | |||||||||
Latin America Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [1],[2] | 3,566 | 3,392 | 4,988 | |||||||||||||||||||
Asia Middle East Africa Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [3] | 5,739 | 5,816 | 6,002 | |||||||||||||||||||
Europe Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [3] | 9,794 | 9,755 | 11,672 | [4] | ||||||||||||||||||
North America Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | $ 6,797 | $ 6,960 | $ 6,974 | ||||||||||||||||||||
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Net Revenues by Segment (Parenthetical) (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||
Net revenues | $ 6,966 | $ 6,530 | $ 5,986 | $ 6,414 | $ 6,770 | $ 6,396 | $ 6,302 | $ 6,455 | $ 25,896 | [1] | $ 25,923 | [1] | $ 29,636 | [1] | |||||||
Asia Middle East Africa Segment | |||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||
Net revenues | [2] | 5,739 | 5,816 | 6,002 | |||||||||||||||||
Europe Segment | |||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||
Net revenues | [2] | $ 9,794 | $ 9,755 | 11,672 | [3] | ||||||||||||||||
Coffee Business | Asia Middle East Africa Segment | |||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||
Net revenues | 66 | ||||||||||||||||||||
Coffee Business | Europe Segment | |||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||
Net revenues | 1,561 | ||||||||||||||||||||
Venezuela | |||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||
Net revenues | $ 1,217 | ||||||||||||||||||||
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Operating Income by Segment (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Segment Reporting Information [Line Items] | |||||||
General corporate expenses | $ (287) | $ (291) | $ (383) | ||||
Amortization of intangibles | (178) | (176) | (181) | ||||
Net gain on divestitures | $ (2) | $ (187) | $ 3 | $ 0 | 186 | 9 | 6,822 |
Loss on deconsolidation of Venezuela | 0 | 0 | (778) | ||||
Acquisition-related costs | 0 | (1) | (8) | ||||
Operating income | 3,506 | 2,569 | 8,897 | ||||
Interest and other expense, net | (382) | (1,115) | (1,013) | ||||
Earnings before income taxes | 3,124 | 1,454 | 7,884 | ||||
Cost of Sales | |||||||
Segment Reporting Information [Line Items] | |||||||
Unrealized (losses)/gains on hedging activities (mark-to-market impacts) | (96) | (94) | 96 | ||||
Latin America Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating income | 565 | 271 | 485 | ||||
Asia Middle East Africa Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating income | 516 | 506 | 389 | ||||
Europe Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating income | 1,680 | 1,267 | 1,350 | ||||
North America Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating income | $ 1,120 | $ 1,078 | $ 1,105 |
X | ||||||||||
- Definition Segment reporting, general corporate expenses No definition available.
|
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the gain (loss) recognized by the parent and included in its attributable portion of net income for the period due to deconsolidation of a subsidiary or derecognition of a group of assets. The gain (loss) recognized and included in the net income attributable to the parent for the period is generally computed as the difference between: (a) the aggregate of: (1) the fair value of any consideration received; (2) the fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary was deconsolidated; and (3) the carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary was deconsolidated and (b) the carrying amount of the former subsidiary's assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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X | ||||||||||
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total Assets by Segment (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||
---|---|---|---|---|---|
Segment Reporting Information [Line Items] | |||||
Total assets | $ 63,109 | $ 61,538 | $ 62,843 | ||
Equity Method Investments | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | 6,345 | 5,585 | 5,387 | ||
Latin America Segment | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | 4,948 | 5,156 | 4,673 | ||
Asia Middle East Africa Segment | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | 9,883 | 10,031 | 10,460 | ||
Europe Segment | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | 21,611 | 19,934 | 21,026 | ||
North America Segment | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | 20,709 | 20,694 | 21,175 | ||
Unallocated Assets and Adjustments | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | [1] | $ (387) | $ 138 | $ 122 | |
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Depreciation Expense and Capital Expenditure by Segment (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Segment Reporting Information [Line Items] | |||
Depreciation expense | $ 638 | $ 647 | $ 713 |
Capital expenditures | 1,014 | 1,224 | 1,514 |
Latin America Segment | |||
Segment Reporting Information [Line Items] | |||
Depreciation expense | 107 | 92 | 94 |
Capital expenditures | 226 | 321 | 354 |
Asia Middle East Africa Segment | |||
Segment Reporting Information [Line Items] | |||
Depreciation expense | 157 | 161 | 155 |
Capital expenditures | 280 | 349 | 381 |
Europe Segment | |||
Segment Reporting Information [Line Items] | |||
Depreciation expense | 239 | 253 | 299 |
Capital expenditures | 278 | 294 | 517 |
North America Segment | |||
Segment Reporting Information [Line Items] | |||
Depreciation expense | 135 | 141 | 165 |
Capital expenditures | $ 230 | $ 260 | $ 262 |
X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Net Revenues by Geographic Segment (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
Segment Reporting Information [Line Items] | ||||||||||||||||
Net revenues | $ 6,966 | $ 6,530 | $ 5,986 | $ 6,414 | $ 6,770 | $ 6,396 | $ 6,302 | $ 6,455 | $ 25,896 | [1] | $ 25,923 | [1] | $ 29,636 | [1] | ||
United States | ||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||
Net revenues | 6,275 | 6,329 | 6,302 | |||||||||||||
Other | ||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||
Net revenues | $ 19,621 | $ 19,594 | $ 23,334 | |||||||||||||
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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- Details
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Long-lived Assets by Geographic Segment (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Segment Reporting Information [Line Items] | |||
Total long-lived assets | $ 9,201 | $ 8,737 | $ 8,789 |
United States | |||
Segment Reporting Information [Line Items] | |||
Total long-lived assets | 1,468 | 1,508 | 1,551 |
Other | |||
Segment Reporting Information [Line Items] | |||
Total long-lived assets | $ 7,733 | $ 7,229 | $ 7,238 |
X | ||||||||||
- Definition Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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Net Revenues by Consumer Sector (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | $ 6,966 | $ 6,530 | $ 5,986 | $ 6,414 | $ 6,770 | $ 6,396 | $ 6,302 | $ 6,455 | $ 25,896 | [1] | $ 25,923 | [1] | $ 29,636 | [1] | |||||||||||
Biscuits | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 10,772 | 10,590 | 11,393 | |||||||||||||||||||||
Chocolate | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 8,099 | 7,739 | 8,074 | |||||||||||||||||||||
Gum & Candy | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 3,638 | 3,947 | 4,258 | |||||||||||||||||||||
Beverages | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 1,355 | 1,445 | 3,260 | [2] | ||||||||||||||||||||
Cheese & Grocery | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 2,032 | 2,202 | 2,651 | |||||||||||||||||||||
Latin America Segment | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1],[3] | 3,566 | 3,392 | 4,988 | |||||||||||||||||||||
Latin America Segment | Biscuits | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 779 | 734 | 1,605 | |||||||||||||||||||||
Latin America Segment | Chocolate | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 862 | 743 | 840 | |||||||||||||||||||||
Latin America Segment | Gum & Candy | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 919 | 938 | 1,091 | |||||||||||||||||||||
Latin America Segment | Beverages | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 665 | 657 | 767 | [2] | ||||||||||||||||||||
Latin America Segment | Cheese & Grocery | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [1] | 341 | 320 | 685 | |||||||||||||||||||||
Asia Middle East Africa Segment | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [4] | 5,739 | 5,816 | 6,002 | |||||||||||||||||||||
Asia Middle East Africa Segment | Biscuits | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 1,634 | 1,588 | 1,539 | ||||||||||||||||||||||
Asia Middle East Africa Segment | Chocolate | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 2,011 | 1,901 | 1,928 | ||||||||||||||||||||||
Asia Middle East Africa Segment | Gum & Candy | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 919 | 953 | 1,003 | ||||||||||||||||||||||
Asia Middle East Africa Segment | Beverages | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 569 | 611 | 730 | [2] | |||||||||||||||||||||
Asia Middle East Africa Segment | Cheese & Grocery | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 606 | 763 | 802 | ||||||||||||||||||||||
Europe Segment | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | [4] | 9,794 | 9,755 | 11,672 | [5] | ||||||||||||||||||||
Europe Segment | Biscuits | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 2,880 | 2,703 | 2,680 | [5] | |||||||||||||||||||||
Europe Segment | Chocolate | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 4,933 | 4,840 | 5,050 | [5] | |||||||||||||||||||||
Europe Segment | Gum & Candy | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 775 | 916 | 1,015 | [5] | |||||||||||||||||||||
Europe Segment | Beverages | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 121 | 177 | 1,763 | [2],[5] | |||||||||||||||||||||
Europe Segment | Cheese & Grocery | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 1,085 | 1,119 | 1,164 | [5] | |||||||||||||||||||||
North America Segment | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 6,797 | 6,960 | 6,974 | ||||||||||||||||||||||
North America Segment | Biscuits | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 5,479 | 5,565 | 5,569 | ||||||||||||||||||||||
North America Segment | Chocolate | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 293 | 255 | 256 | ||||||||||||||||||||||
North America Segment | Gum & Candy | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 1,025 | 1,140 | 1,149 | ||||||||||||||||||||||
North America Segment | Beverages | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | 0 | 0 | 0 | [2] | |||||||||||||||||||||
North America Segment | Cheese & Grocery | |||||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||
Net revenues | $ 0 | $ 0 | $ 0 | ||||||||||||||||||||||
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Net Revenues by Consumer Sector (Parenthetical) (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | $ 6,966 | $ 6,530 | $ 5,986 | $ 6,414 | $ 6,770 | $ 6,396 | $ 6,302 | $ 6,455 | $ 25,896 | [1] | $ 25,923 | [1] | $ 29,636 | [1] | |||||||||
Asia Middle East Africa Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [2] | 5,739 | 5,816 | 6,002 | |||||||||||||||||||
Europe Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [2] | 9,794 | 9,755 | 11,672 | [3] | ||||||||||||||||||
Coffee Business | Asia Middle East Africa Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 66 | ||||||||||||||||||||||
Coffee Business | Europe Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 1,561 | ||||||||||||||||||||||
Venezuela | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 1,217 | ||||||||||||||||||||||
Biscuits | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [1] | 10,772 | 10,590 | 11,393 | |||||||||||||||||||
Biscuits | Asia Middle East Africa Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 1,634 | 1,588 | 1,539 | ||||||||||||||||||||
Biscuits | Europe Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 2,880 | 2,703 | 2,680 | [3] | |||||||||||||||||||
Biscuits | Venezuela | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 763 | ||||||||||||||||||||||
Gum & Candy | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [1] | 3,638 | 3,947 | 4,258 | |||||||||||||||||||
Gum & Candy | Asia Middle East Africa Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 919 | 953 | 1,003 | ||||||||||||||||||||
Gum & Candy | Europe Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 775 | 916 | 1,015 | [3] | |||||||||||||||||||
Gum & Candy | Venezuela | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 66 | ||||||||||||||||||||||
Beverages | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [1] | 1,355 | 1,445 | 3,260 | [4] | ||||||||||||||||||
Beverages | Asia Middle East Africa Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 569 | 611 | 730 | [4] | |||||||||||||||||||
Beverages | Europe Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 121 | 177 | 1,763 | [3],[4] | |||||||||||||||||||
Beverages | Venezuela | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 48 | ||||||||||||||||||||||
Cheese & Grocery | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | [1] | 2,032 | 2,202 | 2,651 | |||||||||||||||||||
Cheese & Grocery | Asia Middle East Africa Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 606 | 763 | 802 | ||||||||||||||||||||
Cheese & Grocery | Europe Segment | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | $ 1,085 | $ 1,119 | 1,164 | [3] | |||||||||||||||||||
Cheese & Grocery | Venezuela | |||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | $ 340 | ||||||||||||||||||||||
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||||||||||||
Quarterly Financial Data [Line Items] | ||||||||||||||||||||||||||
Net revenues | $ 6,966 | $ 6,530 | $ 5,986 | $ 6,414 | $ 6,770 | $ 6,396 | $ 6,302 | $ 6,455 | $ 25,896 | [1] | $ 25,923 | [1] | $ 29,636 | [1] | ||||||||||||
Gross profit | 2,664 | 2,552 | 2,324 | 2,525 | 2,589 | 2,488 | 2,516 | 2,535 | 10,065 | 10,128 | 11,512 | |||||||||||||||
Provision for income taxes | (178) | (272) | (84) | (154) | 78 | (40) | (118) | (49) | 688 | 129 | 593 | |||||||||||||||
Gain on equity method investment transactions | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 43 | 40 | 43 | 0 | |||||||||||||||
Equity method investment net earnings | 224 | 103 | 67 | 66 | 83 | 31 | 102 | 85 | 460 | 301 | 0 | |||||||||||||||
Net earnings | 810 | [2] | 993 | [2] | 500 | [2] | 633 | [2] | 93 | [2] | 548 | [2] | 471 | [2] | 557 | [2] | 2,936 | 1,669 | 7,291 | |||||||
Noncontrolling interest | (8) | (1) | (2) | (3) | 0 | 0 | (7) | (3) | (14) | (10) | (24) | |||||||||||||||
Net earnings attributable to Mondelez International | $ 802 | $ 992 | $ 498 | $ 630 | $ 93 | $ 548 | $ 464 | $ 554 | $ 2,922 | $ 1,659 | $ 7,267 | |||||||||||||||
Weighted-average shares for basic EPS | 1,497 | 1,507 | 1,519 | 1,529 | 1,540 | 1,557 | 1,557 | 1,569 | 1,513 | 1,556 | 1,618 | |||||||||||||||
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares | 16 | 17 | 20 | 21 | 19 | 19 | 19 | 18 | 18 | 17 | 19 | |||||||||||||||
Weighted-average shares for diluted EPS | 1,513 | 1,524 | 1,539 | 1,550 | 1,559 | 1,576 | 1,576 | 1,587 | 1,531 | 1,573 | 1,637 | |||||||||||||||
Basic EPS attributable to Mondelez International: | $ 0.54 | $ 0.66 | $ 0.33 | $ 0.41 | $ 0.06 | $ 0.35 | $ 0.30 | $ 0.35 | $ 1.93 | $ 1.07 | $ 4.49 | |||||||||||||||
Diluted EPS attributable to Mondelez International: | 0.53 | 0.65 | 0.32 | 0.41 | 0.06 | 0.35 | 0.29 | 0.35 | 1.91 | 1.05 | 4.44 | |||||||||||||||
Dividends declared | 0.22 | 0.22 | 0.19 | 0.19 | 0.19 | 0.19 | 0.17 | 0.17 | $ 0.82 | $ 0.72 | $ 0.64 | |||||||||||||||
Market price - high | 43.98 | 44.48 | 47.23 | 45.48 | 46.40 | 46.36 | 45.75 | 44.45 | ||||||||||||||||||
Market price, low | $ 39.19 | $ 40.04 | $ 42.92 | $ 41.30 | $ 40.50 | $ 41.96 | $ 39.53 | $ 35.88 | ||||||||||||||||||
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X | ||||||||||
- Definition Market Price, Maximum No definition available.
|
X | ||||||||||
- Definition Market Price, Minimum No definition available.
|
X | ||||||||||
- Definition Quarterly Financial Data [Line Items] No definition available.
|
X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
|
X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Pre-Tax (Charges) / Gains in Earnings from Continuing Operations (Detail) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Quarterly Financial Data [Line Items] | |||||||||||
Asset impairment and exit costs | $ (120) | $ (183) | $ (187) | $ (166) | $ (342) | $ (190) | $ (166) | $ (154) | $ 656 | $ 852 | $ 901 |
Net gain on divestitures | 2 | 187 | (3) | 0 | (186) | (9) | (6,822) | ||||
Divestiture-related costs | (8) | 2 | (9) | (19) | (2) | 0 | (84) | 0 | |||
Loss related to interest rate swaps | 0 | 0 | 0 | (97) | 0 | 0 | (436) | ||||
Loss on early extinguishment of debt and related expenses | 0 | 0 | (11) | 0 | (427) | 0 | 0 | 0 | $ (11) | $ (427) | $ (753) |
Benefits from the resolution of tax matters | 8 | 215 | 0 | 58 | |||||||
Pre-tax charges / (gains) in earnings from continuing operations | $ (118) | $ 221 | $ (210) | $ (127) | $ (771) | $ (190) | $ (250) | $ (251) |
X | ||||||||||
- Definition Benefits from resolution of tax matters. No definition available.
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X | ||||||||||
- Definition Costs that are recognized separately from but related to a planned or completed divestiture of assets and liabilities of a disposal group (including discontinued operations), such as those incurred to ready the business for divestiture, which are expensed by the entity and not accrued as part of the disposal costs. No definition available.
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X | ||||||||||
- Definition Gains Losses On Extinguishment Of Debt And Related Expenses No definition available.
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X | ||||||||||
- Definition Quarterly Financial Data [Line Items] No definition available.
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X | ||||||||||
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
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X | ||||||||||
- Definition Amount of the item included in the interim period that affected period-to-period comparability (excluding restatement adjustments). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Valuation and Qualifying Accounts (Detail) - USD ($) $ in Millions |
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||
Balance at Beginning of Period | $ 481 | $ 482 | $ 516 | |||||
Addition Charged to Costs and Expenses | 575 | 84 | 77 | |||||
Charged to Other Accounts | [1] | 26 | (39) | (42) | ||||
Deductions | [2] | 60 | 46 | 69 | ||||
Balance at End of Period | 1,022 | 481 | 482 | |||||
Allowance for Trade Receivables | ||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||
Balance at Beginning of Period | 58 | 54 | 66 | |||||
Addition Charged to Costs and Expenses | 21 | 18 | 14 | |||||
Charged to Other Accounts | [1] | (8) | (1) | (11) | ||||
Deductions | [2] | 21 | 13 | 15 | ||||
Balance at End of Period | 50 | 58 | 54 | |||||
Allowance for Other Current Receivables | ||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||
Balance at Beginning of Period | 93 | 109 | 91 | |||||
Addition Charged to Costs and Expenses | 6 | (2) | 12 | |||||
Charged to Other Accounts | [1] | 6 | (13) | 7 | ||||
Deductions | [2] | 7 | 1 | 1 | ||||
Balance at End of Period | 98 | 93 | 109 | |||||
Allowance for Long Term Receivables | ||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||
Balance at Beginning of Period | 20 | 16 | 14 | |||||
Addition Charged to Costs and Expenses | (1) | 1 | 5 | |||||
Charged to Other Accounts | [1] | 3 | 3 | (3) | ||||
Deductions | [2] | 1 | 0 | 0 | ||||
Balance at End of Period | 21 | 20 | 16 | |||||
Allowance for Deferred Taxes | ||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||
Balance at Beginning of Period | 310 | 303 | 345 | |||||
Addition Charged to Costs and Expenses | 549 | 67 | 46 | |||||
Charged to Other Accounts | [1] | 25 | (28) | (35) | ||||
Deductions | [2] | 31 | 32 | 53 | ||||
Balance at End of Period | $ 853 | $ 310 | $ 303 | |||||
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X | ||||||||||
- Definition Amount of increase (decrease) in the allowances and reserves, which consist of the valuation and qualifying accounts that are either netted against the cost of an asset or that reflect a liability established to represent expected future costs, from adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total of allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of increase in the allowances and reserves, which consist of the valuation and qualifying accounts that are either netted against the cost of an asset or that reflect a liability established to represent expected future costs, from charges to costs and expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total of the deductions in a given period to allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs, representing receivables written off as uncollectible and portions of the reserves utilized, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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