Selling, general and administrative expenses

$ 6,288

$ 6,530

^[1]

$ 19,165

$ 18,930

^[1]

Cost of sales

3,874

3,981

11,362

11,549

Gross profit

2,414

2,549

7,803

7,381

1,508

1,338

4,939

4,276

Asset impairment and exit costs

125

182

290

524

Net gain on divestitures

(187)

(184)

Amortization of intangibles

132

133

Benefit plan non-service income

737

1,171

2,442

2,632

^[2]

(19)

(10)

(47)

(30)

Interest and other expense, net

414

262

Earnings before income taxes

670

1,162

2,075

2,400

Provision for income taxes

(310)

(272)

(662)

(510)

Gain on equity method investment transaction

757

Equity method investment net earnings

399

249

Noncontrolling interest earnings

1,197

982

2,569

2,139

(3)

(1)

(11)

(6)

Net earnings attributable to Mondelēz International

$ 1,194

$ 981

$ 2,558

$ 2,133

Per share data:

Basic earnings per share attributable to Mondeléz International (in dollars per share)

$ 0.81

$ 0.65

$ 1.73

$ 1.41

Diluted earnings per share attributable to Mondélez International (in dollars per share)

0.81

0.64

1.72

1.39

Dividends declared (in dollars per share)

$ 0.26

$ 0.22

$ 0.70

$ 0.60

[1]

During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.

[2]

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 1,197	$ 982	$ 2,569	$ 2,139
Other comprehensive earnings/(losses), net of tax:
Currency translation adjustment	(193)	325	(859)	1,242
Pension and other benefit plans	47	(10)	209	(42)
Derivative cash flow hedges	25	(19)	5	11
Total other comprehensive earnings/(losses)	(121)	296	(645)	1,211
Comprehensive earnings/(losses)	1,076	1,278	1,924	3,350
less: Comprehensive earnings/(losses) attributable to noncontrolling interests	0	9	11	30
Comprehensive earnings/(losses) attributable to Mondelēz International	$ 1,076	$ 1,269	$ 1,913	$ 3,320

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 1,373	$ 761
Trade receivables (net of allowances of $37 at September 30, 2018 and $50 at December 31, 2017)	2,732	2,691
Other receivables (net of allowances of $56 at September 30, 2018 and $98 at December 31, 2017)	845	835
Inventories, net	2,842	2,557
Other current assets	930	676
Total current assets	8,722	7,520
Property, plant and equipment, net	8,403	8,677
Goodwill	20,900	21,085
Intangible assets, net	18,136	18,639
Prepaid pension assets	171	158
Deferred income taxes	236	319
Equity method investments	7,006	6,193
Other assets	344	366
TOTAL ASSETS	63,918	62,957
LIABILITIES
Short-term borrowings	4,811	3,517
Current portion of long-term debt	401	1,163
Accounts payable	5,374	5,705
Accrued marketing	1,647	1,728
Accrued employment costs	671	721
Other current liabilities	2,604	2,959
Total current liabilities	15,508	15,793
Long-term debt	14,852	12,972
Deferred income taxes	3,558	3,341
Accrued pension costs	1,306	1,669
Accrued postretirement health care costs	397	419
Other liabilities	2,765	2,689
TOTAL LIABILITIES	38,386	36,883
Commitments and Contingencies (Note 12)
EQUITY
Common Stock, no par value (5,000,000,000 shares authorized and 1,996,537,778 shares issued at September 30, 2018 and December 31, 2017)	0	0
Additional paid-in capital	31,932	31,915
Retained earnings	24,075	22,631
Accumulated other comprehensive losses	(10,642)	(9,997)
Treasury stock, at cost (539,452,295 shares at September 30, 2018 and 508,401,694 shares at December 31, 2017)	(19,908)	(18,555)
Total Mondelēz International Shareholders’ Equity	25,457	25,994
Noncontrolling interest	75	80
TOTAL EQUITY	25,532	26,074
TOTAL LIABILITIES AND EQUITY	$ 63,918	$ 62,957

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Trade receivables, allowances	$ 37	$ 50
Other receivables, allowances	$ 56	$ 98
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	5,000,000,000	5,000,000,000
Common stock, shares issued (in shares)	1,996,537,778	1,996,537,778
Treasury stock, at cost (in shares)	539,452,295	508,401,694

Condensed Consolidated Statements of Equity - USD ($)
$ in Millions

Total

Common Stock

Additional Paid-in Capital

Retained Earnings

Accumulated Other Comprehensive Earnings/(Losses)

Treasury Stock

Noncontrolling Interest

^[1]

Balance at beginning of period at Dec. 31, 2016

$ 25,195

$ 0

$ 31,847

$ 21,125

$ (11,118)

$ (16,713)

$ 54

Other comprehensive earnings/(losses), net of income taxes

2,139

1,211

Balance at end of period at Sep. 30, 2017

(9,931)

Balance at beginning of period at Dec. 31, 2016

25,195

31,847

21,125

(11,118)

(16,713)

Other comprehensive earnings/(losses), net of income taxes

2,842

2,828

1,149

1,121

Exercise of stock options and issuance of other stock awards

345

(83)

360

Common Stock repurchased

(2,202)

Cash dividends declared ($0.70 per share for 2018 and $0.82 per share for 2017)

(1,239)

Dividends paid on noncontrolling interest and other activities

(16)

Balance at end of period at Dec. 31, 2017

26,074

31,915

22,631

(9,997)

(18,555)

Balance at beginning of period at Jun. 30, 2017

(10,219)

Other comprehensive earnings/(losses), net of income taxes

982

296

Balance at end of period at Sep. 30, 2017

(9,931)

Balance at beginning of period at Dec. 31, 2017

26,074

31,915

22,631

(9,997)

(18,555)

Other comprehensive earnings/(losses), net of income taxes

2,569

2,558

(645)

Exercise of stock options and issuance of other stock awards

210

(90)

283

Common Stock repurchased

(1,636)

Cash dividends declared ($0.70 per share for 2018 and $0.82 per share for 2017)

(1,030)

Dividends paid on noncontrolling interest and other activities

(10)

(16)

Balance at end of period at Sep. 30, 2018

25,532

31,932

24,075

(10,642)

(19,908)

Balance at beginning of period at Jun. 30, 2018

(10,524)

Other comprehensive earnings/(losses), net of income taxes

1,197

(121)

Balance at end of period at Sep. 30, 2018

$ 25,532

$ 0

$ 31,932

$ 24,075

$ (10,642)

$ (19,908)

$ 75

[1]

Noncontrolling interest as of September 30, 2017 was $68 million, as compared to $54 million as of January 1, 2017. The change of $14 million during the nine months ended September 30, 2017 was due to $24 million of other comprehensive earnings, net of taxes, and $6 million of net earnings offset by $(16) million of dividends paid.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Property, Plant and Equipment [Abstract]

Condensed Consolidated Statements of Equity (Parenthetical) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017 USD ($) $ / shares	Dec. 31, 2017 USD ($) $ / shares	Dec. 31, 2016 USD ($)
Cash dividends declared (in dollars per share) \| $ / shares	$ 0.60
Noncontrolling interest		$ 80
Other comprehensive earnings, net of taxes, attributable to noncontrolling interest	$ 24
Net earnings attributable to noncontrolling interest	6
Retained Earnings
Cash dividends declared (in dollars per share) \| $ / shares		$ 0.82
Noncontrolling Interest
Noncontrolling interest	68		$ 54
Change in noncontrolling interest	14
Other comprehensive earnings, net of taxes, attributable to noncontrolling interest	24
Net earnings attributable to noncontrolling interest	6
Dividends paid to noncontrolling interest	$ (16)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
Net earnings	$ 2,569	$ 2,139
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	613	604
Stock-based compensation expense	92	104
U.S. tax reform transition tax	89	0
Deferred income tax provision	179	77
Asset impairments and accelerated depreciation	120	287
Loss on early extinguishment of debt	140	11
Gain on equity method investment transaction	(757)	0
Net gain on divestitures	0	(184)
Equity method investment net earnings	(399)	(249)
Distributions from equity method investments	151	143
Other non-cash items, net	344	(238)
Change in assets and liabilities, net of acquisitions and divestitures:
Receivables, net	(230)	(387)
Inventories, net	(431)	(236)
Accounts payable	(143)	(426)
Other current assets	41	68
Other current liabilities	(320)	(604)
Change in pension and postretirement assets and liabilities, net	(173)	(312)
Net cash provided by operating activities	1,885	797
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES
Capital expenditures	(810)	(721)
Acquisition, net of cash received	(528)	0
Proceeds from divestiture, net of disbursements	0	516
Proceeds from sale of property, plant and equipment and other	136	77
Net cash used in investing activities	(1,202)	(128)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES
Issuances of commercial paper, maturities greater than 90 days	2,433	1,375
Repayments of commercial paper, maturities greater than 90 days	(1,494)	(1,681)
Net issuances of other short-term borrowings	403	2,266
Long-term debt proceeds	2,948	350
Long-term debt repaid	(1,821)	(1,468)
Repurchase of Common Stock	(1,650)	(1,786)
Dividends paid	(980)	(869)
Other	154	165
Net cash used in financing activities	(7)	(1,648)
Effect of exchange rate changes on cash and cash equivalents	(64)	82
Cash and cash equivalents:
Increase/(decrease)	612	(897)
Balance at beginning of period	761	1,741
Balance at end of period	$ 1,373	$ 844

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation Our interim condensed consolidated financial statements are unaudited. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted. It is management’s opinion that these financial statements include all normal and recurring adjustments necessary for a fair presentation of our results of operations, financial position and cash flows. Results of operations for any interim period are not necessarily indicative of future or annual results. For a complete set of consolidated financial statements and related notes, refer to our Annual Report on Form 10-K for the year ended December 31, 2017. Principles of Consolidation: The condensed consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries, except our Venezuelan subsidiaries. As of the close of the 2015 fiscal year, we deconsolidated and fully impaired our investment in our Venezuelan operations. As such, for all periods presented, we have excluded the results of operations, financial position and cash flows of our Venezuelan subsidiaries from our condensed consolidated financial statements. We account for investments over which we exercise significant influence under the equity method of accounting. Investments over which we do not have significant influence or control are not material and are carried at cost as there is no readily determinable fair value for the equity interests. Currency Translation and Highly Inflationary Accounting: We translate the results of operations of our subsidiaries from multiple currencies using average exchange rates during each period and translate balance sheet accounts using exchange rates at the end of each period. We record currency translation adjustments as a component of equity and realized exchange gains and losses on transactions in earnings. 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. As discussed below, beginning on July 1, 2018, we began to apply highly inflationary accounting for our operations in Argentina. Argentina. During the second quarter of 2018, primarily based on published estimates which indicated that Argentina's three-year cumulative inflation rate exceeded 100%, we concluded that Argentina became a highly inflationary economy for accounting purposes. Our Argentinian operations contributed $113 million, or 1.8% of consolidated net revenues in the three months and $380 million, or 2.0% of consolidated net revenues in the nine months ended September 30, 2018. As of July 1, 2018, we began to apply highly inflationary accounting for our Argentinian subsidiaries and changed their functional currency from the Argentinian peso to the U.S. dollar. On July 1, 2018, both monetary and non-monetary assets and liabilities denominated in Argentinian pesos were remeasured into U.S. dollars. As of each subsequent balance sheet date, Argentinian peso denominated monetary assets and liabilities were remeasured into U.S. dollars using the exchange rate as of the balance sheet date, with remeasurement and other transaction gains and losses recorded in net earnings. As of September 30, 2018, our Argentinian operations had $7 million of Argentinian peso denominated net monetary assets. During the three months ended September 30, 2018, we recorded a $13 million remeasurement loss within selling, general and administrative expenses related to the devaluation of the Argentinian peso denominated net monetary assets during the quarter. Other Countries. Since we sell 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), Ukraine, Turkey, Egypt, Nigeria, South Africa and Pakistan. We continue to monitor operations, currencies and net monetary exposures in these countries. At this time, we do not anticipate that these countries are at risk of becoming highly inflationary countries. Revenue Recognition: We predominantly sell food and beverage products across several product categories and in all regions as detailed 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. 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 when earned within the period of the license term. 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. 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 of expected amounts 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 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 generally do not have any unbilled receivables at the end of a 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. 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 non-recourse factoring arrangements in which we sell eligible trade receivables primarily to banks in exchange for cash. We may then continue to collect the receivables sold, acting solely as a collecting agent on behalf of the banks. The outstanding principal amount of receivables under these arrangements amounted to $769 million as of September 30, 2018 and $843 million as of December 31, 2017. The incremental cost of factoring receivables under this arrangement was not material for all periods presented. The proceeds from the sales of receivables are included in cash from operating activities in the condensed consolidated statements of cash flows. New Accounting Pronouncements: In August 2018, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") that aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs for internal-use software. This ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements. In August 2018, the FASB issued an ASU that modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The new standard may impact our disclosures and is not expected to have an impact on our consolidated financial statements. In August 2018, the FASB issued an ASU that modifies the disclosure requirements on fair value measurements. The ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The new standard may impact our disclosures and is not expected to have an impact on our consolidated financial statements. In June 2018, the FASB issued an ASU that requires entities to record share-based payment transactions for acquiring goods and services from non-employees at fair value as of adoption date. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. This ASU is not expected to have a material impact on our consolidated financial statements. In February 2018, the FASB issued an ASU that permits entities to elect a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the 2017 enactment of U.S. tax reform legislation. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements. In August 2017, the FASB issued an ASU to better align hedge accounting with an entity’s risk management activities and improve disclosures surrounding hedging. 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 early adopted the standard as of January 1, 2018 and there was no material impact to our consolidated financial statements upon adoption. Refer to Note 9, Financial Instruments, for additional information. 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). In July 2018, the FASB issued an ASU which allows for an alternative transition approach, which will not require adjustments to comparative prior-period amounts. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We plan to adopt the new standard on January 1, 2019. We continue to make progress in our data collection and evaluation of our leasing arrangements, practical expedients, accounting policy elections and implementing our lease accounting system. We completed the initial design of changes to our business processes to meet the new lease accounting and disclosure requirements. At this time, we are unable to reasonably estimate the expected increase in 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 adopted this standard on January 1, 2018 and there was no material impact to our consolidated financial statements upon adoption. 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. 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 in any of the historical periods presented. Also refer to the Revenue Recognition section above and Note 16, Segment Reporting, for disaggregated revenue information. Reclassifications: Certain amounts previously reported have been reclassified to conform to current-year presentation. During the third quarter of 2018, in connection with the Keurig Dr Pepper Inc. transaction, we changed our accounting principle to reflect our share of Keurig Green Mountain Inc.’s historical results and Keurig Dr Pepper Inc.'s ongoing results on a one-quarter lag basis while we continue to record dividends when cash is received. This change was applied retrospectively to all periods presented. Refer to Note 6, Equity Method Investments, for more information. Additionally, on January 1, 2018, we adopted an ASU that changed the presentation of net periodic pension and postretirement costs on the condensed consolidated statements of earnings. As a result of this adoption, we disaggregated the components of our net periodic pension and postretirement benefit costs and move d components other than service costs to a new line item, benefit plan non-service income, located below operating income. Prior-period cost of sales, selling, general and administrative expenses and asset impairment and exit costs as well as segment operating income results were updated to reflect the reclassification. All components of net periodic pension and postretirement benefit costs are summarized in Note 10, Benefit Plans.

Divestitures and Acquisitions	9 Months Ended
Divestitures and Acquisitions	Sep. 30, 2018
Business Combinations [Abstract]
Divestitures and Acquisitions	Note 2. Divestitures and Acquisitions On June 7, 2018, we acquired a U.S. premium biscuit company, Tate’s Bake Shop, within our North America segment and extended our premium biscuit offerings. We paid $528 million, net of cash received, and we expect to finalize the purchase price paid later this year once final working capital adjustments are confirmed. We accounted for the transaction as a business combination. We are working to complete the valuation work and have recorded a preliminary purchase price allocation of $40 million to definite-lived intangible assets, $170 million to indefinite-lived intangible assets, $335 million to goodwill, $16 million to property, plant and equipment, $5 million to inventory, $9 million to accounts receivable, $6 million to current liabilities and $41 million to deferred tax liabilities. On December 28, 2017, we completed the sale of a confectionery business in Japan. We received cash proceeds of ¥2.8 billion ($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. ("Kraft Foods Group", 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 recorded a pre-tax gain of $247 million Australian dollars ($187 million as of July 4, 2017) on the sale. In the fourth quarter of 2017, we recorded a final $3 million inventory-related working capital adjustment, increasing the pre-tax gain in 2017 to $190 million. During the first nine months of 2017, we also incurred divestiture-related costs of $2 million and a foreign currency hedge loss of $3 million in connection with this transaction. 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. During the three months ended March 31, 2018, we reversed $3 million of accrued expenses no longer required. We also incurred divestiture-related costs of $1 million in the three months and $22 million in the nine months ended September 30, 2017. We recorded a $3 million loss on the sale during the three months ended June 30, 2017. Divestiture-related costs were recorded within cost of sales and selling, general and administrative expenses primarily within our Europe segment.

Property, Plant and Equipment

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:



	As of September 30, 2018			As of December 31, 2017
	(in millions)
Land and land improvements	$	431		$	458
Buildings and building improvements	2,984			2,979
Machinery and equipment	10,997			11,195
Construction in progress	919			1,048
	15,331			15,680
Accumulated depreciation	(6,928		)	(7,003		)
Property, plant and equipment, net	$	8,403		$	8,677

For the nine months ended September 30, 2018, capital expenditures of $810 million excluded $249 million of accrued capital expenditures remaining unpaid at September 30, 2018 and included payment for a portion of the $357 million of capital expenditures that were accrued and unpaid at December 31, 2017. For the nine months ended September 30, 2017, capital expenditures of $721 million excluded $220 million of accrued capital expenditures remaining unpaid at September 30, 2017 and included payment for a portion of the $343 million of capital expenditures that were accrued and unpaid at December 31, 2016.

In connection with our restructuring program, we recorded non-cash property, plant and equipment write-downs (including accelerated depreciation and asset impairments) in the condensed consolidated statements of earnings within asset impairment and exit costs and within the segment results as follows (refer to Note 7, Restructuring Program).



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018			2017		2018		2017
	(in millions)
Latin America	$	4		$	13	$	18	$	25
AMEA	(4		)	20		4		62
Europe	9			10		15		52
North America	(4		)	3		5		25
Non-cash property, plant and equipment write-downs	$	5		$	46	$	42	$	164

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 5. Goodwill and Intangible Assets

Goodwill by segment was:



	As of September 30, 2018		As of December 31, 2017
	(in millions)
Latin America	$	819	$	901
AMEA	3,222		3,371
Europe	7,611		7,880
North America	9,248		8,933
Goodwill	$	20,900	$	21,085

Intangible assets consisted of the following:



	As of September 30, 2018			As of December 31, 2017
	(in millions)
Non-amortizable intangible assets	$	17,288		$	17,671
Amortizable intangible assets	2,341			2,386
	19,629			20,057
Accumulated amortization	(1,493		)	(1,418		)
Intangible assets, net	$	18,136		$	18,639

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 $44 million for the three months and $132 million for the nine months ended September 30, 2018 and $45 million for the three months and $133 million for the nine months ended September 30, 2017. For the next five years, we currently estimate annual amortization expense of approximately $175 million for the next three years and approximately $85 million in years four and five (reflecting September 30, 2018 exchange rates).

Changes in goodwill and intangible assets consisted of:



	Goodwill			Intangible Assets, at cost
	(in millions)
Balance at January 1, 2018	$	21,085		$	20,057
Currency/other	(520		)	(570		)
Acquisition	335			210
Asset impairments	—			(68		)
Balance at September 30, 2018	$	20,900		$	19,629

Changes to goodwill and intangibles were:


•	Acquisition – In connection with the acquisition of Tate's Bake Shop in the second quarter of 2018, we recorded a preliminary purchase price allocation of $335 million to goodwill and $210 million to intangible assets. See Note 2, Divestitures and Acquisitions, for additional information.


•	Asset impairments – During the third quarter of 2018, we recorded $68 million of intangible asset impairments related to our annual testing of non-amortizable intangible assets as described further below.

Our annual impairment assessment test for goodwill and non-amortizable intangible assets was performed as of July 1, 2018. As part of our goodwill quantitative annual impairment testing, we compare a reporting unit’s estimated fair value with its carrying value to evaluate the risk of potential goodwill impairment. We estimate a reporting unit’s

fair value using a discounted cash flow method which 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 7.3% 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 10.3%. Estimating the fair value of individual reporting units requires us to make assumptions and estimates regarding our future plans and 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 record an impairment based on the difference between the carrying value and fair value of the reporting unit.

In 2018, 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 2018 annual testing of non-amortizable intangible assets, we recorded $68 million of impairment charges in the third quarter of 2018 related to five trademarks. The impairments arose due to lower than expected product growth. We recorded charges related to gum, chocolate, biscuits and candy trademarks of $45 million in Europe, $14 million in North America and $9 million in AMEA. The impairment charges were calculated as the excess of the carrying value over the estimated fair value of the intangible assets on a global basis and were recorded within asset impairment and exit costs. We primarily use a relief of royalty valuation method, which utilizes estimates of future sales, growth rates, royalty rates and discount rates in determining a brand's global fair value. We also identified seven brands, including the five impaired trademarks, with $546 million of aggregate book value as of September 30, 2018 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.

Equity Method Investments

9 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Note 6. Equity Method Investments

Our investments accounted for under the equity method of accounting totaled $7,006 million as of September 30, 2018 and $6,193 million as of December 31, 2017. Our largest investments are in Jacobs Douwe Egberts (“JDE”) and Keurig Dr Pepper Inc. (NYSE: "KDP”).

JDE:

As of September 30, 2018, we held a 26.5% voting interest, a 26.4% ownership interest and a 26.3% profit and dividend sharing interest in JDE. We recorded JDE equity earnings of $38 million in the third quarter of 2018 and $50 million in the third quarter of 2017 and $126 million in the first nine months of 2018 and $88 million in the first nine months of 2017. We also recorded $73 million of cash dividends received during the first quarter of 2018 and $49 million of cash dividends received during the first quarter of 2017.

Keurig Dr Pepper Transaction:

On July 9, 2018, Keurig Green Mountain, Inc. ("Keurig") closed on its definitive merger agreement with Dr Pepper Snapple Group, Inc., and formed KDP, a publicly traded company. Following the close of the transaction, our 24.2% investment in Keurig together with our shareholder loan receivable became a 13.8% investment in KDP. During the third quarter of 2018, we recorded a preliminary pre-tax gain of $757 million reported as a gain on equity method transaction and $184 million of deferred tax expense reported in the provision for income taxes (or $573 million after-tax gain) related to the change in our ownership interest while KDP finalizes the valuation for the transaction. We hold two director positions on the KDP board as well as additional governance rights. As we continue to have significant influence, we continue to account for our investment in KDP under the equity method, resulting in recognizing our share of their earnings within our earnings and our share of their dividends within our cash flows. In connection with this transaction, we changed our accounting principle to reflect our share of Keurig's historical and KDP's ongoing earnings on a one-quarter lag basis while we continue to record dividends when cash is received. We determined a lag was preferable as it enables us to continue to report our quarterly and annual results on a timely basis and to record our share of KDP’s ongoing results once KDP has publicly reported its results. This change in accounting principle was applied retrospectively to all periods. While our operating income did not change, equity method investment net earnings, net earnings and earnings per share have been adjusted to reflect the lag across all reported periods. The following tables show the primary line items on the condensed consolidated

statements of earnings and comprehensive earnings and the condensed consolidated balance sheet that changed as a result of the lag. The condensed consolidated statements of cash flow and equity were also updated to reflect these changes.



	For the Three Months Ended September 30, 2017				For the Nine Months Ended September 30, 2017
	As Reported		As Adjusted		As Reported		As Adjusted
	(in millions)
Statements of Earnings
Equity method investment net earnings	$	103	$	92	$	236	$	249
Net earnings	993		982		2,126		2,139
Net earnings attributable to Mondelēz International	992		981		2,120		2,133
Earnings per share attributable to Mondelēz International:
Basic EPS	$	0.66	$	0.65	$	1.40	$	1.41
Diluted EPS	$	0.65	$	0.64	$	1.38	$	1.39

Statements of Other Comprehensive Earnings
Currency translation adjustment	$	337	$	325	$	1,260	$	1,242
Total other comprehensive earnings / (losses)	308		296		1,229		1,211
Comprehensive earnings attributable to Mondelēz International	1,292		1,269		3,325		3,320



	As of December 31, 2017
	As Reported			As Adjusted
	(in millions)
Balance Sheet
Equity method investments	$	6,345		$	6,193
Deferred income taxes	3,376			3,341
Retained earnings	22,749			22,631
Accumulated other comprehensive losses	(9,998		)	(9,997		)
Total Mondelēz International shareholders' equity	26,111			25,994
Total equity	26,191			26,074

As of September 30, 2018, we continue to hold a 13.8% ownership interest in KDP. Our ownership interest in KDP may change over time due to stock-based compensation arrangements and other transactions by KDP. We recorded equity earnings of $21 million in the third quarter of 2018 and equity earnings, shareholder loan interest and cash dividends of $14 million, $6 million and $5 million in the third quarter of 2017. We recorded equity earnings, shareholder loan interest and cash dividends of $191 million, $12 million and $5 million in the first nine months of 2018 and $67 million, $18 million and $11 million in the first nine months of 2017.

Restructuring Program

9 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Restructuring Program

Note 7. Restructuring Program

On May 6, 2014, our Board of Directors approved a $3.5 billion 2014-2018 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 the $5.7 billion program consisted of approximately $4.1 billion of restructuring program charges ($3.1 billion cash costs and $1.0 billion non-cash costs) and up to $1.6 billion of capital expenditures.

On September 6, 2018, our Board of Directors approved an extension of the restructuring program through 2022, an increase of $1.3 billion in the program charges and an increase of $700 million in capital expenditures. The total $7.7 billion program now consists of $5.4 billion of program charges ($4.1 billion of cash costs and $1.3 billion of non-cash costs) and total capital expenditures of $2.3 billion to be incurred over the life of the program. The current restructuring program, as increased and extended by these actions, is now called the Simplify to Grow Program.

The primary objective of the Simplify to Grow Program is to reduce our operating cost structure in both our supply chain and overhead costs. The program covers severance as well as asset disposals and other manufacturing and procurement-related one-time costs. Since inception, we have incurred total restructuring and related implementation charges of $3.7 billion related to the Simplify to Grow Program. We expect to incur the program charges by year-end 2022.

Restructuring Costs:

We recorded restructuring charges of $56 million in the third quarter of 2018 and $113 million in the third quarter of 2017 and $220 million in the first nine months of 2018 and $418 million in the first nine months of 2017 within asset impairment and exit costs or benefit plan non-service income. The Simplify to Grow Program liability activity for the nine months ended September 30, 2018 was:



	Severance and related costs			Asset Write-downs			Total
	(in millions)
Liability balance, January 1, 2018	$	464		$	—		$	464
Charges	175			45			220
Cash spent	(232		)	—			(232		)
Non-cash settlements/adjustments	(3		)	(45		)	(48		)
Currency	(28		)	—			(28		)
Liability balance, September 30, 2018	$	376		$	—		$	376

We spent $70 million in the third quarter of 2018 and $83 million in the third quarter of 2017 and $232 million in the first nine months of 2018 and $245 million in the first nine months of 2017 in cash severance and related costs. We also recognized non-cash asset write-downs (including accelerated depreciation and asset impairments) and other non-cash adjustments totaling $9 million in the third quarter of 2018 and $48 million in the third quarter of 2017 and $48 million in the first nine months of 2018 and $174 million in the first nine months of 2017. At September 30, 2018, $308 million of our net restructuring liability was recorded within other current liabilities and $68 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 Simplify to Grow 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 $83 million in the third quarter of 2018 and $62 million in the third quarter of 2017 and $215 million in the first nine months of 2018 and $179 million in the first nine months of 2017. We recorded these costs within cost of sales and general corporate expense within selling, general and administrative expenses.

Restructuring and Implementation Costs:

During the three and nine months ended September 30, 2018 and September 30, 2017, and since inception of the Simplify to Grow Program, we recorded the following restructuring and implementation costs within segment operating income and earnings before income taxes:



	Latin America		AMEA		Europe		North America ⁽¹⁾			Corporate ⁽²⁾		Total
	(in millions)
For the Three Months Ended September 30, 2018
Restructuring Costs	$	11	$	27	$	26	$	(9	)	$	1	$	56
Implementation Costs	16		8		16		23			20		83
Total	$	27	$	35	$	42	$	14		$	21	$	139
For the Three Months Ended September 30, 2017
Restructuring Costs	$	45	$	32	$	30	$	6		$	—	$	113
Implementation Costs	8		11		18		13			12		62
Total	$	53	$	43	$	48	$	19		$	12	$	175
For the Nine Months Ended September 30, 2018
Restructuring Costs	$	47	$	50	$	96	$	17		$	10	$	220
Implementation Costs	46		28		45		61			35		215
Total	$	93	$	78	$	141	$	78		$	45	$	435
For the Nine Months Ended September 30, 2017
Restructuring Costs	$	76	$	105	$	149	$	71		$	17	$	418
Implementation Costs	28		31		49		38			33		179
Total	$	104	$	136	$	198	$	109		$	50	$	597
Total Project ⁽³⁾
Restructuring Costs	$	477	$	498	$	935	$	436		$	108	$	2,454
Implementation Costs	198		157		317		314			256		1,242
Total	$	675	$	655	$	1,252	$	750		$	364	$	3,696


(1)	During 2018 and 2017, our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business.

(2)

During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income, segment operating income and restructuring and implementation costs by segment to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. The benefit plan non-service income amounts no longer recorded in segment operating income are included within the Corporate column in the table above. The Corporate column also includes minor adjustments for rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through September 30, 2018.

Debt and Borrowing Arrangements

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Debt and Borrowing Arrangements

Note 8. Debt and Borrowing Arrangements

Short-Term Borrowings:

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



	As of September 30, 2018				As of December 31, 2017
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions)				(in millions)
Commercial paper	$	4,602	2.4	%	$	3,410	1.7	%
Bank loans	209		12.1	%	107		11.5	%
Total short-term borrowings	$	4,811			$	3,517

As of September 30, 2018, commercial paper issued and outstanding had between 1 and 82 days remaining to maturity. Commercial paper borrowings increased since 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.

Some of our international subsidiaries maintain primarily uncommitted credit lines to meet short-term working capital needs. Collectively, these credit lines amounted to $1.9 billion at September 30, 2018 and $2.0 billion at December 31, 2017. Borrowings on these lines were $209 million at September 30, 2018 and $107 million at December 31, 2017.

Borrowing Arrangements:

On April 2, 2018, in connection with the tender offer described below, we entered into a $2.0 billion revolving credit agreement for a 364-day senior unsecured credit facility that is scheduled to expire on April 1, 2019. The agreement includes the same terms and conditions as our existing $4.5 billion multi-year credit facility discussed below. On April 17, 2018, we borrowed $714 million on this facility to fund the debt tender described below and availability under the facility was reduced to match the borrowed amount. On May 7, 2018, we repaid the $714 million from the net proceeds received from the May 2018 $2.5 billion long-term debt issuance and terminated this credit facility.

On February 28, 2018, 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 27, 2019. The agreement replaces our previous credit agreement that matured on February 28, 2018 and includes the same terms and conditions as our existing $4.5 billion multi-year credit facility discussed below. As of September 30, 2018, 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 September 30, 2018, 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 September 30, 2018, no amounts were drawn on the facility.

Long-Term Debt:

On August 23, 2018, $280 million of our 6.125% U.S. dollar notes matured. The notes and accrued interest to date were paid with the issuance of commercial paper and cash on hand.

On July 18, 2018, £76 million (or $99 million) of our 7.25% pound sterling notes matured. The notes and accrued interest to date were paid with the issuance of commercial paper and cash on hand.

On May 3, 2018, we issued $2.5 billion of U.S. dollar-denominated, fixed-rate notes consisting of:


•	$750 million of 3.000% notes that mature in May 2020


•	$750 million of 3.625% notes that mature in May 2023


•	$700 million of 4.125% notes that mature in May 2028


•	$300 million of 4.625% notes that mature in May 2048

On May 7, 2018, we received net proceeds of $2.48 billion that were used to repay amounts outstanding under our revolving credit agreement facility and for other general corporate purposes, including the repayment of outstanding commercial paper borrowings and other debt. We recorded approximately $22 million of discounts and deferred financing costs net of various fees associated for the bond transaction and underwriter fee reimbursement, which will be amortized into interest expense over the life of the notes.

On April 17, 2018, we completed a cash tender offer and retired $570 million of the long-term U.S. dollar debt consisting of:


•	$241 million of our 6.500% notes due in February 2040


•	$97.6 million of our 5.375% notes due in February 2020


•	$75.8 million of our 6.500% notes due in November 2031


•	$72.1 million of our 6.875% notes due in February 2038


•	$42.6 million of our 6.125% notes due in August 2018


•	$29.3 million of our 6.875% notes due in January 2039


•	$11.7 million of our 7.000% notes due in August 2037

We financed the repurchase of the notes, including the payment of accrued interest and other costs incurred, from the $2.0 billion revolving credit agreement entered into on April 2, 2018. We recorded a loss on debt extinguishment of $140 million within interest and other expense, net related to the amount we paid to retire the debt in excess of its

carrying value and from recognizing unamortized discounts, deferred financing and other cash 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 condensed consolidated statement of cash flows for the nine months ended September 30, 2018.

On March 2, 2018, we launched an offering of C$600 million of 3.250% Canadian-dollar denominated notes that mature on March 7, 2025. On March 7, 2018, we received C$595 million (or $461 million) of proceeds, net of discounts and underwriting fees, to be used for general corporate purposes. We recorded approximately $4 million of discounts and deferred financing costs, which will be amortized into interest expense over the life of the notes.

On February 1, 2018, $478 million of our 6.125% U.S. dollar notes matured. The notes and accrued interest to date were paid with the issuance of commercial paper and cash on hand.

On January 26, 2018, fr250 million (or $260 million) of our 0.080% Swiss franc notes matured. The notes and accrued interest to date were paid with the issuance of commercial paper and cash on hand.

Our weighted-average interest rate on our total debt was 2.3% as of September 30, 2018, 2.1% as of December 31, 2017 and 2.2% as of December 31, 2016.

Fair Value of Our Debt:

The fair value of our short-term borrowings at September 30, 2018 and December 31, 2017 reflects current market interest rates and approximates the amounts we have recorded on our condensed 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 September 30, 2018, the aggregate fair value of our total debt was $20,364 million and its carrying value was $20,064 million. At December 31, 2017, the aggregate fair value of our total debt was $18,354 million and its carrying value was $17,652 million.

Interest and Other Expense, net:

Interest and other expense, net consisted of:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Interest expense, debt	$	117		$	89		$	334		$	295
Loss on debt extinguishment	—			—			140			11
Loss/(gain) related to interest rate swaps	(1		)	—			(10		)	—
Other (income)/expense, net	(30		)	(70		)	(50		)	(44		)
Interest and other expense, net	$	86		$	19		$	414		$	262

Financial Instruments

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Note 9. Financial Instruments

Fair Value of Derivative Instruments:

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



	As of September 30, 2018				As of December 31, 2017
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)
Derivatives designated as accounting hedges:
Interest rate contracts	$	59	$	359	$	15	$	509
Net investment hedge derivative contracts ⁽¹⁾	365		3		—		—
	$	424	$	362	$	15	$	509
Derivatives not designated as accounting hedges:
Currency exchange contracts	$	133	$	47	$	65	$	76
Commodity contracts	129		170		84		229
Interest rate contracts	—		—		15		11
	$	262	$	217	$	164	$	316
Total fair value	$	686	$	579	$	179	$	825

(1)

Net investment hedge contracts consist of cross-currency interest rate swaps and forward contracts. We also designate some of our non-U.S. dollar denominated debt to hedge a portion of our net investments in our non-U.S. operations. This debt is not reflected in the table above, but is included in long-term debt discussed in Note 8, Debt and Borrowing Arrangements. Both net investment hedge derivative contracts and non-U.S. dollar denominated debt acting as net investment hedges are also disclosed in the Derivative Volume table and the Hedges of Net Investments in International Operations section appearing later in this footnote.

Derivatives designated as accounting hedges include cash flow, fair value and net investment hedge derivative contracts. Our economic hedges are derivatives not designated as accounting hedges. We record derivative assets and liabilities on a gross basis on our condensed consolidated balance sheets. The fair value of our asset derivatives is recorded within other current assets and the fair value of our liability derivatives is recorded within other current liabilities.

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



	As of September 30, 2018
	Total Fair Value of Net Asset/(Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)
Currency exchange contracts	$	86		$	—	$	86		$	—
Commodity contracts	(41		)	4		(45		)	—
Interest rate contracts	(300		)	—		(300		)	—
Net investment hedge contracts	362			—		362			—
Total derivatives	$	107		$	4	$	103		$	—



	As of December 31, 2017
	Total Fair Value of Net Asset/(Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)
Currency exchange contracts	$	(11	)	$	—		$	(11	)	$	—
Commodity contracts	(145		)	(138		)	(7		)	—
Interest rate contracts	(490		)	—			(490		)	—
Total derivatives	$	(646	)	$	(138	)	$	(508	)	$	—

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.

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 derivative contracts do not have a legal right of set-off. 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 hedging instruments were:



	Notional Amount
	As of September 30, 2018		As of December 31, 2017
	(in millions)
Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	3,797	$	7,089
Forecasted transactions	2,677		2,213
Commodity contracts	1,018		1,204
Interest rate contracts	8,205		6,532
Net investment hedges:
Net investment hedge derivative contracts	7,079		—
Non-U.S. dollar debt designated as net investment hedges
Euro notes	3,556		3,679
British pound sterling notes	343		459
Swiss franc notes	1,426		1,694
Canadian dollar notes	465		—

Cash Flow Hedges:

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



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Accumulated (loss)/gain at beginning of period	$	(133	)	$	(91	)	$	(113	)	$	(121	)
Transfer of realized (gains)/losses in fair value to earnings	—			(13		)	(9		)	(10		)
Unrealized gain/(loss) in fair value	25			(6		)	14			21
Accumulated (loss)/gain at end of period	$	(108	)	$	(110	)	$	(108	)	$	(110	)

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



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018		2017			2018		2017
	(in millions)
Currency exchange contracts – forecasted transactions	$	—	$	(3	)	$	—	$	(2	)
Commodity contracts	$	—	$	16		$	—	$	12
Interest rate contracts	—		—			9		—
Total	$	—	$	13		$	9	$	10

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



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018		2017			2018		2017
	(in millions)
Currency exchange contracts – forecasted transactions	$	—	$	(11	)	$	—	$	(37	)
Commodity contracts	—		25			—		31
Interest rate contracts	25		(20		)	14		27
Total	$	25	$	(6	)	$	14	$	21

We recognized a gain of $1 million in the three months and $10 million in the nine months ended September 30, 2018 in interest and other expense, net related to certain forward-starting interest rate swaps for which the planned timing of the related forecasted debt was changed.

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


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


•	cost of sales for commodity contracts; and


•	interest and other expense, net for interest rate contracts and currency exchange contracts related to intercompany loans.

Based on current market conditions, we would expect to transfer gains 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 September 30, 2018, our longest dated cash flow hedges were interest rate swaps that hedge forecasted interest rate payments over the next 5 years and 1 month.

Fair Value Hedges:

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



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018		2017			2018			2017
	(in millions)
Borrowings	$	—	$	2		$	1		$	4
Derivatives	—		(2		)	(1		)	(4		)
Total	$	—	$	—		$	—		$	—

The carrying amount of our hedged fixed interest rate debt at December 31, 2017 was $801 million and was recorded in the current portion of long-term debt until this debt matured during the third quarter of 2018.



	As of September 30, 2018		As of December 31, 2017
	(in millions)
Notional value of borrowings (and related derivatives)	$	—	$	(801	)
Cumulative fair value hedging adjustments	—		—
Carrying amount of borrowings	$	—	$	(801	)

Hedges of Net Investments in International Operations:

Net investment hedge derivative contracts:

Beginning in the first quarter of 2018, we entered into cross-currency interest rate swaps and forwards to hedge certain investments in our non-U.S. operations against movements in exchange rates. The aggregate notional value as of September 30, 2018 was $7.1 billion. The after-tax gain/(loss) on these net investment hedge contracts was recorded in the cumulative translation adjustment section of other comprehensive income and was $(2) million for the three months and $257 million for the nine months ended September 30, 2018. In addition, the after-tax gain on net investment hedge contracts settled in the current period was recorded in the cumulative translation adjustment section of other comprehensive income and was $24 million for the three months and nine months ended September 30, 2018. There were no after-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings in the three or nine months ended September 30, 2018. We elected to record changes in the fair value of amounts excluded from the assessment of effectiveness in net earnings. Amounts excluded from the assessment of hedge effectiveness were $34 million for the three months and $84 million for the nine months ended September 30, 2018 and were recorded as income in interest and other expense, net. The cash flows from these contracts are reported as other investing activities in the condensed consolidated statement of cash flows.

Non-U.S. dollar debt designated as net investment hedges:

After-tax gains/(losses) related to hedges of net investments in international operations in the form of euro, British pound sterling, Swiss franc and Canadian dollar-denominated debt were recorded within the cumulative translation adjustment section of other comprehensive income and were:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Euro notes	$	18		$	(83	)	$	94		$	(279	)
British pound sterling notes	5			(8		)	13			(23		)
Swiss franc notes	(10		)	12			6			(53		)
Canadian notes	(6		)	—			(2		)	—

Economic Hedges:

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



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,						Location of Gain/(Loss) Recognized in Earnings
	2018			2017			2018			2017			Location of Gain/(Loss) Recognized in Earnings
	(in millions)
Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	16		$	(13	)	$	30		$	(8	)	Interest and other expense, net
Forecasted transactions	53			(1		)	118			—			Cost of sales
Forecasted transactions	(1		)	1			(6		)	(1		)	Interest and other expense, net
Forecasted transactions	2			—			(2		)	2			Selling, general and administrative expenses
Commodity contracts	(123		)	(17		)	(22		)	(176		)	Cost of sales
Total	$	(53	)	$	(30	)	$	118		$	(183	)

Benefit Plans

9 Months Ended

Sep. 30, 2018

Retirement Benefits [Abstract]

Benefit Plans

Note 10. Benefit Plans

Pension Plans

Components of Net Periodic Pension Cost:

Net periodic pension cost consisted of the following:



	U.S. Plans						Non-U.S. Plans
	For the Three Months Ended September 30,						For the Three Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Service cost	$	11		$	12		$	36		$	40
Interest cost	16			16			49			51
Expected return on plan assets	(22		)	(25		)	(110		)	(110		)
Amortization:
Net loss from experience differences	6			10			40			43
Prior service cost/(benefit)	—			—			(1		)	(1		)
Settlement losses and other expenses	4			6			—			—
Net periodic pension cost	$	15		$	19		$	14		$	23



	U.S. Plans						Non-U.S. Plans
	For the Nine Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Service cost	$	33		$	34		$	111		$	117
Interest cost	46			47			151			148
Expected return on plan assets	(66		)	(75		)	(341		)	(322		)
Amortization:
Net loss from experience differences	26			27			124			124
Prior service cost/(benefit)	1			1			(2		)	(2		)
Settlement losses and other expenses	19			27			—			2
Net periodic pension cost	$	59		$	61		$	43		$	67

Within settlement losses and other expenses are losses of $3 million for the three and nine months ended September 30, 2018 and $1 million for the three months and $12 million for the nine months ended September 30, 2017, that are related to our Simplify to Grow Program and are recorded within asset impairment and exit costs on our condensed consolidated statements of earnings.

Employer Contributions:

During the nine months ended September 30, 2018, we contributed $6 million to our U.S. pension plans and $253 million to our non-U.S. pension plans, including $168 million to plans in the United Kingdom and Ireland. 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.

As of September 30, 2018, over the remainder of 2018, we plan to make further contributions of approximately $33 million to our U.S. plans and approximately $48 million to our non-U.S. plans. 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.

Multiemployer Pension Plans:

In the United States, we contribute to multiemployer pension plans based on obligations arising from our collective bargaining agreements. The most individually significant multiemployer plan we participated in prior to the second quarter of 2018 was the Bakery and Confectionery Union and Industry International Pension Fund (the “Fund”). Our obligation to contribute to the Fund arose with respect to 8 collective bargaining agreements covering most of our employees represented by the Bakery, Confectionery, Tobacco and Grain Millers Union (“BCTGM”). All of those collective bargaining agreements expired in 2016. We remain committed to negotiating all of the collective bargaining agreements that expired in 2016.

During the second quarter of 2018, we implemented two aspects of our second revised last, best and final offer made to the BCTGM with respect to 7 of the 8 expired collective bargaining agreements. Implementation resulted in our withdrawing from the Fund with respect to those employees covered by the 7 collective bargaining agreements. In connection with that action, we estimated a partial withdrawal liability of $567 million and within our North America segment, we recorded a discounted liability and charge of $408 million, $305 million net of tax, which represents our best estimate of the partial withdrawal liability absent an assessment from the Fund. We may receive an assessment in 2018 or later, and the ultimate withdrawal liability may change from the currently estimated amount. We will record any future adjustments in the period during which the liability is confirmed or as new information becomes available. We expect to pay the liability in installments over a period of 20 years from the date of the assessment. We determined the net present value of the liability using a risk-free interest rate. We recorded the pre-tax non-cash charge in selling, general and administrative expense (and in other non-cash items, net in the condensed consolidated statement of cash flows) and the liability in long-term other liabilities. We record an immaterial amount of accreted interest each quarter on the long-term liability within interest and other expense, net.

Postretirement Benefit Plans

Net periodic postretirement health care benefit consisted of the following:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Service cost	$	1		$	1		$	4		$	5
Interest cost	4			4			11			11
Amortization:
Net loss from experience differences	4			4			11			11
Prior service credit ⁽¹⁾	(10		)	(10		)	(29		)	(30		)
Net periodic postretirement health care benefit	$	(1	)	$	(1	)	$	(3	)	$	(3	)


(1)	Amortization of prior service credit included gains of $8 million for the three months ended September 30, 2018 and September 30, 2017 and $24 million for the nine months ended September 30, 2018 and September 30, 2017 related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants.

Postemployment Benefit Plans

Net periodic postemployment cost consisted of the following:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Service cost	$	1		$	1		$	4		$	4
Interest cost	2			1			4			3
Amortization of net gains	(1		)	(1		)	(2		)	(3		)
Net periodic postemployment cost	$	2		$	1		$	6		$	4

Stock Plans

9 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Plans

Note 11. Stock Plans

Stock Options:

Stock option activity is reflected below:



	Shares Subject to Option		Weighted- Average Exercise or Grant Price Per Share	Average Remaining Contractual Term	Aggregate Intrinsic Value
Balance at January 1, 2018	48,434,655		$29.92	5 years	$	626	million
Annual grant to eligible employees	5,666,530		43.51
Additional options issued	162,466		30.99
Total options granted	5,828,996		43.16
Options exercised ⁽¹⁾	(7,234,369	)	25.62		$	127	million
Options canceled	(994,002	)	42.79
Balance at September 30, 2018	46,035,280		31.99	5 years	$	509	million


(1)	Cash received from options exercised was $67 million in the three months and $183 million in the nine months ended September 30, 2018. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $6 million in the three months and $15 million in the nine months ended September 30, 2018.

Performance Share Units and Other Stock-Based Awards:

Our performance share unit, deferred stock unit and historically granted restricted stock activity is reflected below:



	Number of Shares		Grant Date	Weighted-Average Fair Value Per Share ⁽³⁾	Weighted-Average Aggregate Fair Value ⁽³⁾
Balance at January 1, 2018	7,669,705			$39.74
Annual grant to eligible employees:			Feb 22, 2018
Performance share units	1,048,770			51.23
Deferred stock units	788,310			43.51
Additional shares granted ⁽¹⁾	349,712		Various	41.42
Total shares granted	2,186,792			46.88	$	103	million
Vested ⁽²⁾	(2,230,871	)		38.43	$	86	million
Forfeited ⁽²⁾	(842,524	)		41.70
Balance at September 30, 2018	6,783,102			42.23


(1)	Includes performance share units and deferred stock units.


(2)	Includes performance share units, deferred stock units and historically granted restricted stock. The actual tax benefit/(expense) realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled $(1) million in the three months and $3 million in the nine months ended September 30, 2018.

(3)

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 closing market price of the Company’s stock on the grant date for performance-based components. The Monte Carlo simulation model incorporates the probability of achieving the total shareholder return market condition. Compensation expense is recognized using the grant date fair values regardless of whether the market condition is achieved, so long as the requisite service has been provided.

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, 2018, we had repurchased $13.0 billion of Common Stock pursuant to this authorization. During the nine months ended September 30, 2018, we repurchased approximately 39 million shares of Common Stock at an average cost of $41.98 per share, or an aggregate cost of approximately $1.7 billion, all of which was paid during the period except for approximately $12 million settled in October 2018. All share repurchases were funded through available cash and commercial paper issuances. As of September 30, 2018, we have $5.0 billion in remaining share repurchase capacity.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies Legal Proceedings: We routinely are involved in legal proceedings, claims and governmental inspections or investigations (“Legal Matters”) arising in the ordinary course of our business. 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 ($52 million as of September 30, 2018) 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 ($81 million as of September 30, 2018). 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 ($68 million as of September 30, 2018) 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. On April 1, 2015, the U.S. Commodity Futures Trading Commission ("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”) following its investigation of activities related to the trading of December 2011 wheat futures contracts that occurred prior to the spin-off of Kraft Foods Group. 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. 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. 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 September 30, 2018, we had no material third-party guarantees recorded on our condensed consolidated balance sheet. Tax Matters: We are a party to various tax matter proceedings incidental to our business. These proceedings are subject to inherent uncertainties, and unfavorable outcomes could subject us to additional tax liabilities and could materially adversely impact our business, results of operations or financial position. A tax indemnification matter related to our 2007 acquisition of the LU biscuit business was closed during the quarter ended June 30, 2018. The closure had no impact on net earnings, however, it did result in a $15 million tax benefit that was fully offset by an $11 million expense in selling, general and administrative expenses and a $4 million expense in 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. 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. We recorded a total of $4 million of income over the third and fourth quarters of 2017 in connection with the related bank guarantee releases.

Reclassifications from Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2018

Equity [Abstract]

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 $33 million in the third quarter of 2018 and $30 million in the third quarter of 2017 and $105 million in the first nine months of 2018 and $113 million in the first nine months of 2017.



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,409	)	$	(8,009	)	$	(7,740	)	$	(8,910	)
Currency translation adjustments	(189		)	279			(746		)	1,037
Reclassification to earnings related to:
Equity method investment transaction	6			—			6			—
Tax (expense)/benefit	(10		)	46			(119		)	205
Other comprehensive earnings/(losses)	(193		)	325			(859		)	1,242
Less: (earnings)/loss attributable to noncontrolling interests	3			(8		)	—			(24		)
Balance at end of period	(8,599		)	(7,692		)	(8,599		)	(7,692		)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,982	)	$	(2,119	)	$	(2,144	)	$	(2,087	)
Net actuarial gain/(loss) arising during period	1			(28		)	46			(19		)
Tax (expense)/benefit on net actuarial gain/(loss)	—			25			(9		)	25
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	38			47			129			130
Settlement losses and other expenses ⁽¹⁾	4			6			19			24
Tax expense/(benefit) on reclassifications ⁽²⁾	(9		)	(10		)	(34		)	(31		)
Currency impact	13			(50		)	58			(171		)
Other comprehensive earnings/(losses)	47			(10		)	209			(42		)
Balance at end of period	(1,935		)	(2,129		)	(1,935		)	(2,129		)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(133	)	$	(91	)	$	(113	)	$	(121	)
Net derivative gains/(losses)	30			2			17			31
Tax (expense)/benefit on net derivative gain/(loss)	(5		)	(5		)	(8		)	(1		)
Losses/(gains) reclassified into net earnings:
Currency exchange contracts – forecasted transactions ⁽³⁾	—			2			—			2
Commodity contracts ⁽³⁾	—			(21		)	—			(15		)
Interest rate contracts ⁽⁴⁾	—			—			(11		)	—
Tax expense/(benefit) on reclassifications⁽²⁾	—			6			2			3
Currency impact	—			(3		)	5			(9		)
Other comprehensive earnings/(losses)	25			(19		)	5			11
Balance at end of period	(108		)	(110		)	(108		)	(110		)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,524	)	$	(10,219	)	$	(9,997	)	$	(11,118	)
Total other comprehensive earnings/(losses)	(121		)	296			(645		)	1,211
Less: (earnings)/loss attributable to noncontrolling interests	3			(8		)	—			(24		)
Other comprehensive earnings/(losses) attributable to Mondelēz International	(118		)	288			(645		)	1,187
Balance at end of period	$	(10,642	)	$	(9,931	)	$	(10,642	)	$	(9,931	)


(1)	These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.


(2)	Taxes reclassified to earnings are recorded within the provision for income taxes.


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

(4)

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

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 14. Income Taxes On December 22, 2017, the United States enacted tax reform legislation that included a broad range of business tax provisions, including a reduction in the U.S. federal tax rate from 35% to 21%. In addition to the tax rate reduction, the legislation establishes new provisions that affect our 2018 results, including but not limited to, 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. Further tax legislative guidance is expected before 2018 year-end. Certain impacts of the new legislation would have generally required 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. The SEC 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 enactment of the new U.S. tax legislation is not complete, during the three months ended September 30, 2018, we recorded an $8 million U.S. tax reform discrete net tax expense, consisting of a $3 million increase in our transition tax liability and $5 million of costs from other provisional tax reform updates. During the nine months ended September 30, 2018, we recorded $95 million in discrete net tax costs primarily comprised of an increase to our transition tax liability of $89 million as a result of additional guidance issued by the Internal Revenue Service and various state taxing authorities, new state legislation enacted during the period and further refinement of various components of the underlying calculations. Based on current tax laws, our estimated annual effective tax rate for 2018, excluding discrete tax impacts, is 22.0%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. jurisdictions and the reduction in the U.S. federal tax rate, partially offset by unfavorable provisions within the new U.S. tax reform legislation. Our 2018 third quarter effective tax rate of 46.3% was unusually high due to $184 million of deferred tax expense related to the $757 million gain on the KDP transaction reported as a gain on equity method transaction. Excluding this impact, our third quarter effective tax rate was 18.6%, which was favorably impacted by discrete net tax benefits of $19 million, primarily related to a $26 million benefit from the release of liabilities for uncertain tax positions due to expirations of statutes of limitations and audit settlements in several jurisdictions. Our effective tax rate for the nine months ended September 30, 2018 was 31.9% and was also unusually high as a result of the KDP transaction. Excluding this impact, our effective tax rate for the nine months was 23.0%, which was unfavorably impacted by $22 million of net tax expense from discrete one-time events. The discrete net tax expense primarily consisted of $89 million of additional transition tax liability recognized as an adjustment to the prior provisional estimate, partially offset by a $70 million benefit from the release of liabilities for uncertain tax positions due to expirations of statutes of limitations and audit settlements in various jurisdictions. As of the end of the third quarter of 2017, our estimated annual effective tax rate for 2017, excluding the impacts from the sale of our Australian grocery business, was 25.8%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions, partially offset by an increase in domestic earnings. Our 2017 third quarter effective tax rate of 23.4% was favorably impacted by the divestiture of our Australian grocery business, which had a lower effective tax rate, resulting in a $27 million tax expense related to the pre-tax gain of $187 million. Our effective tax rate for the nine months ended September 30, 2017 was 21.3% and was favorably impacted by the sale of our Australian grocery business as well as other discrete one-time benefits. The discrete net tax benefits primarily consisted of a $74 million benefit from the release of liabilities for uncertain tax positions due to expirations of statutes of limitations and audit settlements in various jurisdictions and a $16 million benefit relating to the U.S. domestic production activities deduction.

Earnings per Share

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Earnings per Share

Note 15. Earnings per Share

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



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions, except per share data)
Net earnings	$	1,197		$	982		$	2,569		$	2,139
Noncontrolling interest earnings	(3		)	(1		)	(11		)	(6		)
Net earnings attributable to Mondelēz International	$	1,194		$	981		$	2,558		$	2,133
Weighted-average shares for basic EPS	1,466			1,507			1,477			1,518
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares	14			17			14			19
Weighted-average shares for diluted EPS	1,480			1,524			1,491			1,537
Basic earnings per share attributable to Mondelēz International	$	0.81		$	0.65		$	1.73		$	1.41
Diluted earnings per share attributable to Mondelēz International	$	0.81		$	0.64		$	1.72		$	1.39

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options of 12.2 million in the third quarter of 2018 and 9.0 million in the third quarter of 2017 and 11.5 million in the first nine months of 2018 and 8.0 million in the first nine months of 2017.

Segment Reporting

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

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

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, net gain on divestitures 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 benefit plan non-service income and interest and other expense, net. Accordingly, we do not present these items by segment because they are excluded from the segment profitability measure that management reviews.

Our segment net revenues and earnings were:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Net revenues:
Latin America	$	774		$	908		$	2,439		$	2,666
AMEA	1,398			1,405			4,300			4,290
Europe	2,361			2,442			7,370			6,978
North America	1,755			1,775			5,056			4,996
Net revenues	$	6,288		$	6,530		$	19,165		$	18,930
Earnings before income taxes:
Operating income:
Latin America	$	100		$	256		$	318		$	469
AMEA	153			82			558			424
Europe	381			393			1,245			1,107
North America	334			325			514			842
Unrealized gains/(losses) on hedging activities (mark-to-market impacts)	(112		)	28			181			(69		)
General corporate expenses	(74		)	(55		)	(228		)	(192		)
Amortization of intangibles	(44		)	(45		)	(132		)	(133		)
Net gain on divestitures	—			187			—			184
Acquisition-related costs	(1		)	—			(14		)	—
Operating income	737			1,171			2,442			2,632
Benefit plan non-service income ⁽¹⁾	19			10			47			30
Interest and other expense, net	(86		)	(19		)	(414		)	(262		)
Earnings before income taxes	$	670		$	1,162		$	2,075		$	2,400

(1)

Items impacting our segment operating results are discussed in Note 1, Basis of Presentation, Note 2, Divestitures and Acquisitions, Note 4, Property, Plant and Equipment, Note 5, Goodwill and Intangible Assets, Note 7, Restructuring Program, and Note 12, Commitments and Contingencies. Also see Note 8, Debt and Borrowing Arrangements, and Note 9, Financial Instruments, for more information on our interest and other expense, net for each period.

Net revenues by product category were:



	For the Three Months Ended September 30, 2018
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	185	$	455	$	769	$	1,422	$	2,831
Chocolate	169		524		1,142		66		1,901
Gum & Candy	220		207		167		267		861
Beverages	117		103		19		—		239
Cheese & Grocery	83		109		264		—		456
Total net revenues	$	774	$	1,398	$	2,361	$	1,755	$	6,288

	For the Three Months Ended September 30, 2017 ⁽¹⁾
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	210	$	445	$	778	$	1,427	$	2,860
Chocolate	207		519		1,179		74		1,979
Gum & Candy	247		228		185		274		934
Beverages	155		104		23		—		282
Cheese & Grocery	89		109		277		—		475
Total net revenues	$	908	$	1,405	$	2,442	$	1,775	$	6,530



	For the Nine Months Ended September 30, 2018
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	560	$	1,284	$	2,374	$	4,158	$	8,376
Chocolate	573		1,537		3,568		169		5,847
Gum & Candy	668		678		553		729		2,628
Beverages	394		448		66		—		908
Cheese & Grocery	244		353		809		—		1,406
Total net revenues	$	2,439	$	4,300	$	7,370	$	5,056	$	19,165

	For the Nine Months Ended September 30, 2017 ⁽¹⁾
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	580	$	1,201	$	2,177	$	4,061	$	8,019
Chocolate	660		1,457		3,318		194		5,629
Gum & Candy	701		695		582		741		2,719
Beverages	477		466		88		—		1,031
Cheese & Grocery	248		471		813		—		1,532
Total net revenues	$	2,666	$	4,290	$	6,978	$	4,996	$	18,930

(1)

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Our interim condensed consolidated financial statements are unaudited. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted. It is management’s opinion that these financial statements include all normal and recurring adjustments necessary for a fair presentation of our results of operations, financial position and cash flows. Results of operations for any interim period are not necessarily indicative of future or annual results. For a complete set of consolidated financial statements and related notes, refer to our Annual Report on Form 10-K for the year ended December 31, 2017.
Principles of Consolidation	Principles of Consolidation: The condensed consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries, except our Venezuelan subsidiaries. As of the close of the 2015 fiscal year, we deconsolidated and fully impaired our investment in our Venezuelan operations. As such, for all periods presented, we have excluded the results of operations, financial position and cash flows of our Venezuelan subsidiaries from our condensed consolidated financial statements. We account for investments over which we exercise significant influence under the equity method of accounting. Investments over which we do not have significant influence or control are not material and are carried at cost as there is no readily determinable fair value for the equity interests.
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 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. As discussed below, beginning on July 1, 2018, we began to apply highly inflationary accounting for our operations in Argentina. Argentina. During the second quarter of 2018, primarily based on published estimates which indicated that Argentina's three-year cumulative inflation rate exceeded 100%, we concluded that Argentina became a highly inflationary economy for accounting purposes. Our Argentinian operations contributed $113 million, or 1.8% of consolidated net revenues in the three months and $380 million, or 2.0% of consolidated net revenues in the nine months ended September 30, 2018. As of July 1, 2018, we began to apply highly inflationary accounting for our Argentinian subsidiaries and changed their functional currency from the Argentinian peso to the U.S. dollar. On July 1, 2018, both monetary and non-monetary assets and liabilities denominated in Argentinian pesos were remeasured into U.S. dollars. As of each subsequent balance sheet date, Argentinian peso denominated monetary assets and liabilities were remeasured into U.S. dollars using the exchange rate as of the balance sheet date, with remeasurement and other transaction gains and losses recorded in net earnings. As of September 30, 2018, our Argentinian operations had $7 million of Argentinian peso denominated net monetary assets. During the three months ended September 30, 2018, we recorded a $13 million remeasurement loss within selling, general and administrative expenses related to the devaluation of the Argentinian peso denominated net monetary assets during the quarter. Other Countries. Since we sell 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), Ukraine, Turkey, Egypt, Nigeria, South Africa and Pakistan. We continue to monitor operations, currencies and net monetary exposures in these countries. At this time, we do not anticipate that these countries are at risk of becoming highly inflationary countries.
Revenue Recognition	Revenue Recognition: We predominantly sell food and beverage products across several product categories and in all regions as detailed 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. 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 when earned within the period of the license term. 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. 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 of expected amounts 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 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 generally do not have any unbilled receivables at the end of a 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.
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 non-recourse factoring arrangements in which we sell eligible trade receivables primarily to banks in exchange for cash. We may then continue to collect the receivables sold, acting solely as a collecting agent on behalf of the banks. The outstanding principal amount of receivables under these arrangements amounted to $769 million as of September 30, 2018 and $843 million as of December 31, 2017. The incremental cost of factoring receivables under this arrangement was not material for all periods presented. The proceeds from the sales of receivables are included in cash from operating activities in the condensed consolidated statements of cash flows.
New Accounting Pronouncements	Additionally, on January 1, 2018, we adopted an ASU that changed the presentation of net periodic pension and postretirement costs on the condensed consolidated statements of earnings. As a result of this adoption, we disaggregated the components of our net periodic pension and postretirement benefit costs and moved components other than service costs to a new line item, benefit plan non-service income, located below operating income. Prior-period cost of sales, selling, general and administrative expenses and asset impairment and exit costs as well as segment operating income results were updated to reflect the reclassification.New Accounting Pronouncements: In August 2018, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") that aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs for internal-use software. This ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements. In August 2018, the FASB issued an ASU that modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The new standard may impact our disclosures and is not expected to have an impact on our consolidated financial statements. In August 2018, the FASB issued an ASU that modifies the disclosure requirements on fair value measurements. The ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The new standard may impact our disclosures and is not expected to have an impact on our consolidated financial statements. In June 2018, the FASB issued an ASU that requires entities to record share-based payment transactions for acquiring goods and services from non-employees at fair value as of adoption date. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. This ASU is not expected to have a material impact on our consolidated financial statements. In February 2018, the FASB issued an ASU that permits entities to elect a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the 2017 enactment of U.S. tax reform legislation. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements. In August 2017, the FASB issued an ASU to better align hedge accounting with an entity’s risk management activities and improve disclosures surrounding hedging. 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 early adopted the standard as of January 1, 2018 and there was no material impact to our consolidated financial statements upon adoption. Refer to Note 9, Financial Instruments, for additional information. 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). In July 2018, the FASB issued an ASU which allows for an alternative transition approach, which will not require adjustments to comparative prior-period amounts. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We plan to adopt the new standard on January 1, 2019. We continue to make progress in our data collection and evaluation of our leasing arrangements, practical expedients, accounting policy elections and implementing our lease accounting system. We completed the initial design of changes to our business processes to meet the new lease accounting and disclosure requirements. At this time, we are unable to reasonably estimate the expected increase in 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 adopted this standard on January 1, 2018 and there was no material impact to our consolidated financial statements upon adoption. 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. 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 in any of the historical periods presented.
Reclassifications	Reclassifications:Certain amounts previously reported have been reclassified to conform to current-year presentation.

Schedule of Components of Inventories

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.

+ References + Details

Inventories (Tables)

9 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

Inventories consisted of the following:



	As of September 30, 2018			As of December 31, 2017
	(in millions)
Raw materials	$	743		$	711
Finished product	2,227			1,975
	2,970			2,686
Inventory reserves	(128		)	(129		)
Inventories, net	$	2,842		$	2,557

Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Schedule of Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:



	As of September 30, 2018			As of December 31, 2017
	(in millions)
Land and land improvements	$	431		$	458
Buildings and building improvements	2,984			2,979
Machinery and equipment	10,997			11,195
Construction in progress	919			1,048
	15,331			15,680
Accumulated depreciation	(6,928		)	(7,003		)
Property, plant and equipment, net	$	8,403		$	8,677

Schedule of Restructuring Charges Related to Property, Plant and Equipment



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018			2017		2018		2017
	(in millions)
Latin America	$	4		$	13	$	18	$	25
AMEA	(4		)	20		4		62
Europe	9			10		15		52
North America	(4		)	3		5		25
Non-cash property, plant and equipment write-downs	$	5		$	46	$	42	$	164



	Latin America		AMEA		Europe		North America ⁽¹⁾			Corporate ⁽²⁾		Total
	(in millions)
For the Three Months Ended September 30, 2018
Restructuring Costs	$	11	$	27	$	26	$	(9	)	$	1	$	56
Implementation Costs	16		8		16		23			20		83
Total	$	27	$	35	$	42	$	14		$	21	$	139
For the Three Months Ended September 30, 2017
Restructuring Costs	$	45	$	32	$	30	$	6		$	—	$	113
Implementation Costs	8		11		18		13			12		62
Total	$	53	$	43	$	48	$	19		$	12	$	175
For the Nine Months Ended September 30, 2018
Restructuring Costs	$	47	$	50	$	96	$	17		$	10	$	220
Implementation Costs	46		28		45		61			35		215
Total	$	93	$	78	$	141	$	78		$	45	$	435
For the Nine Months Ended September 30, 2017
Restructuring Costs	$	76	$	105	$	149	$	71		$	17	$	418
Implementation Costs	28		31		49		38			33		179
Total	$	104	$	136	$	198	$	109		$	50	$	597
Total Project ⁽³⁾
Restructuring Costs	$	477	$	498	$	935	$	436		$	108	$	2,454
Implementation Costs	198		157		317		314			256		1,242
Total	$	675	$	655	$	1,252	$	750		$	364	$	3,696


(1)	During 2018 and 2017, our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business.

(2)

(3)

Includes all charges recorded since program inception on May 6, 2014 through September 30, 2018.

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

Goodwill by segment was:



	As of September 30, 2018		As of December 31, 2017
	(in millions)
Latin America	$	819	$	901
AMEA	3,222		3,371
Europe	7,611		7,880
North America	9,248		8,933
Goodwill	$	20,900	$	21,085

Schedule of Intangible Assets Disclosure

Intangible assets consisted of the following:



	As of September 30, 2018			As of December 31, 2017
	(in millions)
Non-amortizable intangible assets	$	17,288		$	17,671
Amortizable intangible assets	2,341			2,386
	19,629			20,057
Accumulated amortization	(1,493		)	(1,418		)
Intangible assets, net	$	18,136		$	18,639

Schedule of Changes in Goodwill and Intangible Assets

Changes in goodwill and intangible assets consisted of:



	Goodwill			Intangible Assets, at cost
	(in millions)
Balance at January 1, 2018	$	21,085		$	20,057
Currency/other	(520		)	(570		)
Acquisition	335			210
Asset impairments	—			(68		)
Balance at September 30, 2018	$	20,900		$	19,629

Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Impact of Change in Accounting Principle on Consolidated Financial Statements

The following tables show the primary line items on the condensed consolidated



	For the Three Months Ended September 30, 2017				For the Nine Months Ended September 30, 2017
	As Reported		As Adjusted		As Reported		As Adjusted
	(in millions)
Statements of Earnings
Equity method investment net earnings	$	103	$	92	$	236	$	249
Net earnings	993		982		2,126		2,139
Net earnings attributable to Mondelēz International	992		981		2,120		2,133
Earnings per share attributable to Mondelēz International:
Basic EPS	$	0.66	$	0.65	$	1.40	$	1.41
Diluted EPS	$	0.65	$	0.64	$	1.38	$	1.39

Statements of Other Comprehensive Earnings
Currency translation adjustment	$	337	$	325	$	1,260	$	1,242
Total other comprehensive earnings / (losses)	308		296		1,229		1,211
Comprehensive earnings attributable to Mondelēz International	1,292		1,269		3,325		3,320



	As of December 31, 2017
	As Reported			As Adjusted
	(in millions)
Balance Sheet
Equity method investments	$	6,345		$	6,193
Deferred income taxes	3,376			3,341
Retained earnings	22,749			22,631
Accumulated other comprehensive losses	(9,998		)	(9,997		)
Total Mondelēz International shareholders' equity	26,111			25,994
Total equity	26,191			26,074

Restructuring Program (Tables)

9 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the nine months ended September 30, 2018 was:



	Severance and related costs			Asset Write-downs			Total
	(in millions)
Liability balance, January 1, 2018	$	464		$	—		$	464
Charges	175			45			220
Cash spent	(232		)	—			(232		)
Non-cash settlements/adjustments	(3		)	(45		)	(48		)
Currency	(28		)	—			(28		)
Liability balance, September 30, 2018	$	376		$	—		$	376

Schedule of Restructuring and Implementation Costs by Segment



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018			2017		2018		2017
	(in millions)
Latin America	$	4		$	13	$	18	$	25
AMEA	(4		)	20		4		62
Europe	9			10		15		52
North America	(4		)	3		5		25
Non-cash property, plant and equipment write-downs	$	5		$	46	$	42	$	164



	Latin America		AMEA		Europe		North America ⁽¹⁾			Corporate ⁽²⁾		Total
	(in millions)
For the Three Months Ended September 30, 2018
Restructuring Costs	$	11	$	27	$	26	$	(9	)	$	1	$	56
Implementation Costs	16		8		16		23			20		83
Total	$	27	$	35	$	42	$	14		$	21	$	139
For the Three Months Ended September 30, 2017
Restructuring Costs	$	45	$	32	$	30	$	6		$	—	$	113
Implementation Costs	8		11		18		13			12		62
Total	$	53	$	43	$	48	$	19		$	12	$	175
For the Nine Months Ended September 30, 2018
Restructuring Costs	$	47	$	50	$	96	$	17		$	10	$	220
Implementation Costs	46		28		45		61			35		215
Total	$	93	$	78	$	141	$	78		$	45	$	435
For the Nine Months Ended September 30, 2017
Restructuring Costs	$	76	$	105	$	149	$	71		$	17	$	418
Implementation Costs	28		31		49		38			33		179
Total	$	104	$	136	$	198	$	109		$	50	$	597
Total Project ⁽³⁾
Restructuring Costs	$	477	$	498	$	935	$	436		$	108	$	2,454
Implementation Costs	198		157		317		314			256		1,242
Total	$	675	$	655	$	1,252	$	750		$	364	$	3,696


(1)	During 2018 and 2017, our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business.

(2)

(3)

Includes all charges recorded since program inception on May 6, 2014 through September 30, 2018.

Debt and Borrowing Arrangements (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings and Related Weighted-Average Interest Rates

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



	As of September 30, 2018				As of December 31, 2017
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions)				(in millions)
Commercial paper	$	4,602	2.4	%	$	3,410	1.7	%
Bank loans	209		12.1	%	107		11.5	%
Total short-term borrowings	$	4,811			$	3,517

Schedule of Interest and Other Expense

Interest and other expense, net consisted of:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Interest expense, debt	$	117		$	89		$	334		$	295
Loss on debt extinguishment	—			—			140			11
Loss/(gain) related to interest rate swaps	(1		)	—			(10		)	—
Other (income)/expense, net	(30		)	(70		)	(50		)	(44		)
Interest and other expense, net	$	86		$	19		$	414		$	262

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Pre-tax Effects of Derivative Instruments

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



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,						Location of Gain/(Loss) Recognized in Earnings
	2018			2017			2018			2017			Location of Gain/(Loss) Recognized in Earnings
	(in millions)
Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	16		$	(13	)	$	30		$	(8	)	Interest and other expense, net
Forecasted transactions	53			(1		)	118			—			Cost of sales
Forecasted transactions	(1		)	1			(6		)	(1		)	Interest and other expense, net
Forecasted transactions	2			—			(2		)	2			Selling, general and administrative expenses
Commodity contracts	(123		)	(17		)	(22		)	(176		)	Cost of sales
Total	$	(53	)	$	(30	)	$	118		$	(183	)

Cash Flow Hedges

Derivative Instruments and Hedging Activities Disclosures [Line Items]

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:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Accumulated (loss)/gain at beginning of period	$	(133	)	$	(91	)	$	(113	)	$	(121	)
Transfer of realized (gains)/losses in fair value to earnings	—			(13		)	(9		)	(10		)
Unrealized gain/(loss) in fair value	25			(6		)	14			21
Accumulated (loss)/gain at end of period	$	(108	)	$	(110	)	$	(108	)	$	(110	)

Schedule of Pre-tax Effects of Derivative Instruments

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



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018		2017			2018		2017
	(in millions)
Currency exchange contracts – forecasted transactions	$	—	$	(3	)	$	—	$	(2	)
Commodity contracts	$	—	$	16		$	—	$	12
Interest rate contracts	—		—			9		—
Total	$	—	$	13		$	9	$	10

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



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018		2017			2018		2017
	(in millions)
Currency exchange contracts – forecasted transactions	$	—	$	(11	)	$	—	$	(37	)
Commodity contracts	—		25			—		31
Interest rate contracts	25		(20		)	14		27
Total	$	25	$	(6	)	$	14	$	21

Fair Value Hedges

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Pre-tax Effects of Derivative Instruments

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



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018		2017			2018			2017
	(in millions)
Borrowings	$	—	$	2		$	1		$	4
Derivatives	—		(2		)	(1		)	(4		)
Total	$	—	$	—		$	—		$	—

Net investment hedge debt

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Hedges of Net Investments in International Operations



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Euro notes	$	18		$	(83	)	$	94		$	(279	)
British pound sterling notes	5			(8		)	13			(23		)
Swiss franc notes	(10		)	12			6			(53		)
Canadian notes	(6		)	—			(2		)	—

Derivative

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Fair Value of Derivatives Instruments

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



	As of September 30, 2018				As of December 31, 2017
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)
Derivatives designated as accounting hedges:
Interest rate contracts	$	59	$	359	$	15	$	509
Net investment hedge derivative contracts ⁽¹⁾	365		3		—		—
	$	424	$	362	$	15	$	509
Derivatives not designated as accounting hedges:
Currency exchange contracts	$	133	$	47	$	65	$	76
Commodity contracts	129		170		84		229
Interest rate contracts	—		—		15		11
	$	262	$	217	$	164	$	316
Total fair value	$	686	$	579	$	179	$	825

(1)

Schedule of Derivative Instruments Fair Value and Measurement Inputs

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



	As of September 30, 2018
	Total Fair Value of Net Asset/(Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)
Currency exchange contracts	$	86		$	—	$	86		$	—
Commodity contracts	(41		)	4		(45		)	—
Interest rate contracts	(300		)	—		(300		)	—
Net investment hedge contracts	362			—		362			—
Total derivatives	$	107		$	4	$	103		$	—



	As of December 31, 2017
	Total Fair Value of Net Asset/(Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)
Currency exchange contracts	$	(11	)	$	—		$	(11	)	$	—
Commodity contracts	(145		)	(138		)	(7		)	—
Interest rate contracts	(490		)	—			(490		)	—
Total derivatives	$	(646	)	$	(138	)	$	(508	)	$	—

Schedule of Notional Values of Derivative Instruments

The net notional values of our hedging instruments were:



	Notional Amount
	As of September 30, 2018		As of December 31, 2017
	(in millions)
Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	3,797	$	7,089
Forecasted transactions	2,677		2,213
Commodity contracts	1,018		1,204
Interest rate contracts	8,205		6,532
Net investment hedges:
Net investment hedge derivative contracts	7,079		—
Non-U.S. dollar debt designated as net investment hedges
Euro notes	3,556		3,679
British pound sterling notes	343		459
Swiss franc notes	1,426		1,694
Canadian dollar notes	465		—

Borrowings

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Notional Values of Derivative Instruments



	As of September 30, 2018		As of December 31, 2017
	(in millions)
Notional value of borrowings (and related derivatives)	$	—	$	(801	)
Cumulative fair value hedging adjustments	—		—
Carrying amount of borrowings	$	—	$	(801	)

Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2018

Pension Plans

Schedule of Components of Net Costs

Net periodic pension cost consisted of the following:



	U.S. Plans						Non-U.S. Plans
	For the Three Months Ended September 30,						For the Three Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Service cost	$	11		$	12		$	36		$	40
Interest cost	16			16			49			51
Expected return on plan assets	(22		)	(25		)	(110		)	(110		)
Amortization:
Net loss from experience differences	6			10			40			43
Prior service cost/(benefit)	—			—			(1		)	(1		)
Settlement losses and other expenses	4			6			—			—
Net periodic pension cost	$	15		$	19		$	14		$	23



	U.S. Plans						Non-U.S. Plans
	For the Nine Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Service cost	$	33		$	34		$	111		$	117
Interest cost	46			47			151			148
Expected return on plan assets	(66		)	(75		)	(341		)	(322		)
Amortization:
Net loss from experience differences	26			27			124			124
Prior service cost/(benefit)	1			1			(2		)	(2		)
Settlement losses and other expenses	19			27			—			2
Net periodic pension cost	$	59		$	61		$	43		$	67

Postretirement Benefit Plans

Schedule of Components of Net Costs

Net periodic postretirement health care benefit consisted of the following:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Service cost	$	1		$	1		$	4		$	5
Interest cost	4			4			11			11
Amortization:
Net loss from experience differences	4			4			11			11
Prior service credit ⁽¹⁾	(10		)	(10		)	(29		)	(30		)
Net periodic postretirement health care benefit	$	(1	)	$	(1	)	$	(3	)	$	(3	)

(1)

Amortization of prior service credit included gains of $8 million for the three months ended September 30, 2018 and September 30, 2017 and $24 million for the nine months ended September 30, 2018 and September 30, 2017 related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants.

Postemployment Benefit Plans

Schedule of Components of Net Costs

Net periodic postemployment cost consisted of the following:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Service cost	$	1		$	1		$	4		$	4
Interest cost	2			1			4			3
Amortization of net gains	(1		)	(1		)	(2		)	(3		)
Net periodic postemployment cost	$	2		$	1		$	6		$	4

Stock Plans (Tables)

9 Months Ended

Sep. 30, 2018

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock Options Activity

Stock option activity is reflected below:



	Shares Subject to Option		Weighted- Average Exercise or Grant Price Per Share	Average Remaining Contractual Term	Aggregate Intrinsic Value
Balance at January 1, 2018	48,434,655		$29.92	5 years	$	626	million
Annual grant to eligible employees	5,666,530		43.51
Additional options issued	162,466		30.99
Total options granted	5,828,996		43.16
Options exercised ⁽¹⁾	(7,234,369	)	25.62		$	127	million
Options canceled	(994,002	)	42.79
Balance at September 30, 2018	46,035,280		31.99	5 years	$	509	million

(1)

Cash received from options exercised was $67 million in the three months and $183 million in the nine months ended September 30, 2018. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $6 million in the three months and $15 million in the nine months ended September 30, 2018.

Deferred Stock Units, Performance Units and Restricted Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Performance Share Units and Stock-Based Awards Activity

Our performance share unit, deferred stock unit and historically granted restricted stock activity is reflected below:



	Number of Shares		Grant Date	Weighted-Average Fair Value Per Share ⁽³⁾	Weighted-Average Aggregate Fair Value ⁽³⁾
Balance at January 1, 2018	7,669,705			$39.74
Annual grant to eligible employees:			Feb 22, 2018
Performance share units	1,048,770			51.23
Deferred stock units	788,310			43.51
Additional shares granted ⁽¹⁾	349,712		Various	41.42
Total shares granted	2,186,792			46.88	$	103	million
Vested ⁽²⁾	(2,230,871	)		38.43	$	86	million
Forfeited ⁽²⁾	(842,524	)		41.70
Balance at September 30, 2018	6,783,102			42.23


(1)	Includes performance share units and deferred stock units.


(2)	Includes performance share units, deferred stock units and historically granted restricted stock. The actual tax benefit/(expense) realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled $(1) million in the three months and $3 million in the nine months ended September 30, 2018.

(3)

Reclassifications from Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2018

Equity [Abstract]

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Earnings/(Losses)



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,409	)	$	(8,009	)	$	(7,740	)	$	(8,910	)
Currency translation adjustments	(189		)	279			(746		)	1,037
Reclassification to earnings related to:
Equity method investment transaction	6			—			6			—
Tax (expense)/benefit	(10		)	46			(119		)	205
Other comprehensive earnings/(losses)	(193		)	325			(859		)	1,242
Less: (earnings)/loss attributable to noncontrolling interests	3			(8		)	—			(24		)
Balance at end of period	(8,599		)	(7,692		)	(8,599		)	(7,692		)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,982	)	$	(2,119	)	$	(2,144	)	$	(2,087	)
Net actuarial gain/(loss) arising during period	1			(28		)	46			(19		)
Tax (expense)/benefit on net actuarial gain/(loss)	—			25			(9		)	25
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	38			47			129			130
Settlement losses and other expenses ⁽¹⁾	4			6			19			24
Tax expense/(benefit) on reclassifications ⁽²⁾	(9		)	(10		)	(34		)	(31		)
Currency impact	13			(50		)	58			(171		)
Other comprehensive earnings/(losses)	47			(10		)	209			(42		)
Balance at end of period	(1,935		)	(2,129		)	(1,935		)	(2,129		)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(133	)	$	(91	)	$	(113	)	$	(121	)
Net derivative gains/(losses)	30			2			17			31
Tax (expense)/benefit on net derivative gain/(loss)	(5		)	(5		)	(8		)	(1		)
Losses/(gains) reclassified into net earnings:
Currency exchange contracts – forecasted transactions ⁽³⁾	—			2			—			2
Commodity contracts ⁽³⁾	—			(21		)	—			(15		)
Interest rate contracts ⁽⁴⁾	—			—			(11		)	—
Tax expense/(benefit) on reclassifications⁽²⁾	—			6			2			3
Currency impact	—			(3		)	5			(9		)
Other comprehensive earnings/(losses)	25			(19		)	5			11
Balance at end of period	(108		)	(110		)	(108		)	(110		)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,524	)	$	(10,219	)	$	(9,997	)	$	(11,118	)
Total other comprehensive earnings/(losses)	(121		)	296			(645		)	1,211
Less: (earnings)/loss attributable to noncontrolling interests	3			(8		)	—			(24		)
Other comprehensive earnings/(losses) attributable to Mondelēz International	(118		)	288			(645		)	1,187
Balance at end of period	$	(10,642	)	$	(9,931	)	$	(10,642	)	$	(9,931	)


(1)	These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.


(2)	Taxes reclassified to earnings are recorded within the provision for income taxes.


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

(4)

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

Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Earnings Per Share

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



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions, except per share data)
Net earnings	$	1,197		$	982		$	2,569		$	2,139
Noncontrolling interest earnings	(3		)	(1		)	(11		)	(6		)
Net earnings attributable to Mondelēz International	$	1,194		$	981		$	2,558		$	2,133
Weighted-average shares for basic EPS	1,466			1,507			1,477			1,518
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares	14			17			14			19
Weighted-average shares for diluted EPS	1,480			1,524			1,491			1,537
Basic earnings per share attributable to Mondelēz International	$	0.81		$	0.65		$	1.73		$	1.41
Diluted earnings per share attributable to Mondelēz International	$	0.81		$	0.64		$	1.72		$	1.39

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
	(in millions)
Net revenues:
Latin America	$	774		$	908		$	2,439		$	2,666
AMEA	1,398			1,405			4,300			4,290
Europe	2,361			2,442			7,370			6,978
North America	1,755			1,775			5,056			4,996
Net revenues	$	6,288		$	6,530		$	19,165		$	18,930
Earnings before income taxes:
Operating income:
Latin America	$	100		$	256		$	318		$	469
AMEA	153			82			558			424
Europe	381			393			1,245			1,107
North America	334			325			514			842
Unrealized gains/(losses) on hedging activities (mark-to-market impacts)	(112		)	28			181			(69		)
General corporate expenses	(74		)	(55		)	(228		)	(192		)
Amortization of intangibles	(44		)	(45		)	(132		)	(133		)
Net gain on divestitures	—			187			—			184
Acquisition-related costs	(1		)	—			(14		)	—
Operating income	737			1,171			2,442			2,632
Benefit plan non-service income ⁽¹⁾	19			10			47			30
Interest and other expense, net	(86		)	(19		)	(414		)	(262		)
Earnings before income taxes	$	670		$	1,162		$	2,075		$	2,400

(1)

Schedule of Net Revenues by Product Category

Net revenues by product category were:



	For the Three Months Ended September 30, 2018
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	185	$	455	$	769	$	1,422	$	2,831
Chocolate	169		524		1,142		66		1,901
Gum & Candy	220		207		167		267		861
Beverages	117		103		19		—		239
Cheese & Grocery	83		109		264		—		456
Total net revenues	$	774	$	1,398	$	2,361	$	1,755	$	6,288

	For the Three Months Ended September 30, 2017 ⁽¹⁾
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	210	$	445	$	778	$	1,427	$	2,860
Chocolate	207		519		1,179		74		1,979
Gum & Candy	247		228		185		274		934
Beverages	155		104		23		—		282
Cheese & Grocery	89		109		277		—		475
Total net revenues	$	908	$	1,405	$	2,442	$	1,775	$	6,530



	For the Nine Months Ended September 30, 2018
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	560	$	1,284	$	2,374	$	4,158	$	8,376
Chocolate	573		1,537		3,568		169		5,847
Gum & Candy	668		678		553		729		2,628
Beverages	394		448		66		—		908
Cheese & Grocery	244		353		809		—		1,406
Total net revenues	$	2,439	$	4,300	$	7,370	$	5,056	$	19,165

	For the Nine Months Ended September 30, 2017 ⁽¹⁾
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	580	$	1,201	$	2,177	$	4,061	$	8,019
Chocolate	660		1,457		3,318		194		5,629
Gum & Candy	701		695		582		741		2,719
Beverages	477		466		88		—		1,031
Cheese & Grocery	248		471		813		—		1,532
Total net revenues	$	2,666	$	4,290	$	6,978	$	4,996	$	18,930

(1)

Basis of Presentation (Details)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2018

USD ($)

Country

Sep. 30, 2017

USD ($)

^[1]

Sep. 30, 2018

USD ($)

Country

Sep. 30, 2017

USD ($)

^[1]

Dec. 31, 2017

USD ($)

Summary of Significant Accounting Policies [Line Items]

Number of countries in which products are sold | Country

$ 6,288

$ 6,530

$ 19,165

$ 18,930

160

Number of countries in which entity operates (more than) | Country

Outstanding principal amount of receivables sold under factoring arrangement

$ 769

$ 843

Argentina

Summary of Significant Accounting Policies [Line Items]

Percentage of consolidated net revenues

$ 113

$ 380

1.80%

2.00%

Net monetary assets position

$ 7

Argentina | Selling, general and administrative expenses

Summary of Significant Accounting Policies [Line Items]

Remeasurement loss due to inflationary accounting

$ 13

[1]	During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.

Divestitures and Acquisitions - Acquisitions (Details) - USD ($) $ in Millions		9 Months Ended
	Jun. 07, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Business Acquisition [Line Items]
Payment to acquire business, net of cash received		$ 528	$ 0
Goodwill		20,900		$ 21,085
North America
Business Acquisition [Line Items]
Goodwill		$ 9,248		$ 8,933
Tate’s Bake Shop \| North America
Business Acquisition [Line Items]
Payment to acquire business, net of cash received	$ 528
Definite-lived intangibles assets acquired	40
Indefinite-lived intangibles assets acquired	170
Goodwill	335
Property, plant, and equipment acquired	16
Inventory acquired	5
Accounts receivable acquired	9
Current liabilities assumed	6
Deferred tax liabilities assumed	$ 41

Divestitures and Acquisitions - Divestitures (Details) € in Millions, $ in Millions, ¥ in Billions												3 Months Ended					9 Months Ended
	Dec. 28, 2017 USD ($)	Dec. 28, 2017 JPY (¥)	Oct. 23, 2017 EUR (€)	Oct. 23, 2017 USD ($)	Oct. 02, 2017 USD ($)	Aug. 17, 2017 EUR (€)	Aug. 17, 2017 USD ($)	Jul. 04, 2017 USD ($)	Jul. 04, 2017 AUD ($)	Apr. 28, 2017 EUR (€)	Apr. 28, 2017 USD ($)	Sep. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)
Business Combination, Separately Recognized Transactions [Line Items]
Proceeds from sale of equity method investments					$ 65,000,000
Gain on sale of equity method investment					40,000,000
Tax on gain on sale of equity method investment					$ 15,000,000
Net gain on divestitures												$ 0			$ 187,000,000		$ 0	$ 184,000,000
Proceeds from sale of property, plant and equipment and other																	$ 136,000,000	77,000,000
Europe \| Disposal Group, Disposed of by Sale, Not Discontinued Operations \| KHC
Business Combination, Separately Recognized Transactions [Line Items]
Proceeds from divestiture of businesses			€ 2	$ 3,000,000		€ 9	$ 11,000,000
Japan \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Combination, Separately Recognized Transactions [Line Items]
Proceeds from divestiture of businesses	$ 24,000,000	¥ 2.8
Australia and New Zealand \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Combination, Separately Recognized Transactions [Line Items]
Proceeds from divestiture of businesses								$ 347,000,000	$ 456
Net gain on divestitures								$ 187,000,000	$ 247					$ 190,000,000
Inventory-related working capital adjustments														$ 3,000,000
Costs related to divestiture																		2,000,000
Foreign currency hedge loss																		3,000,000
France \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Combination, Separately Recognized Transactions [Line Items]
Net gain on divestitures																$ (3,000,000)
Costs related to divestiture															$ 1,000,000			$ 22,000,000
Proceeds from sale of property, plant and equipment and other										€ 157	$ 169,000,000
Disposal group, including discontinued operations, reversed accrued expenses													$ 3,000,000

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 743	$ 711
Finished product	2,227	1,975
Inventories, gross	2,970	2,686
Inventory reserves	(128)	(129)
Inventories, net	$ 2,842	$ 2,557

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 15,331	$ 15,680
Accumulated depreciation	(6,928)	(7,003)
Property, plant and equipment, net	8,403	8,677
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	431	458
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,984	2,979
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,997	11,195
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 919	$ 1,048

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Capital expenditures	$ 810	$ 721
Accrued capital expenditures unpaid	249	220
Payments for capital expenditures accrued in the prior year	$ 357	$ 343

Property, Plant and Equipment - Asset Impairment and Exit Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs			$ 120	$ 287
Simplify to Grow Program
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	$ 5	$ 46	42	164
Simplify to Grow Program \| Latin America
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	4	13	18	25
Simplify to Grow Program \| AMEA
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	(4)	20	4	62
Simplify to Grow Program \| Europe
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	9	10	15	52
Simplify to Grow Program \| North America
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	$ (4)	$ 3	$ 5	$ 25

Goodwill and Intangible Assets - Goodwill by Segment (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Goodwill	$ 20,900	$ 21,085
Latin America
Segment Reporting Information [Line Items]
Goodwill	819	901
AMEA
Segment Reporting Information [Line Items]
Goodwill	3,222	3,371
Europe
Segment Reporting Information [Line Items]
Goodwill	7,611	7,880
North America
Segment Reporting Information [Line Items]
Goodwill	$ 9,248	$ 8,933

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Non-amortizable intangible assets	$ 17,288	$ 17,671
Amortizable intangible assets	2,341	2,386
Total intangible assets, gross	19,629	20,057
Accumulated amortization	(1,493)	(1,418)
Intangible assets, net	$ 18,136	$ 18,639

Goodwill and Intangible Assets - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2018 USD ($) Brand	Sep. 30, 2017 USD ($)	Sep. 30, 2018 USD ($) Brand	Sep. 30, 2017 USD ($)	Jul. 01, 2018	Jun. 07, 2018 USD ($)	Dec. 31, 2017 USD ($)
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense for intangible assets	$ 44,000,000	$ 45,000,000	$ 132,000,000	$ 133,000,000
Estimated amortization expense in year 1	175,000,000		175,000,000
Estimated amortization expense in year 2	175,000,000		175,000,000
Estimated amortization expense in year 3	175,000,000		175,000,000
Estimated amortization expense in year 4	85,000,000		85,000,000
Estimated amortization expense in year 5	85,000,000		85,000,000
Goodwill	20,900,000,000		20,900,000,000				$ 21,085,000,000
Asset impairments			68,000,000
Goodwill impairments			0
Europe
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill and intangibles, weighted-average cost of capital percentage used for impairment testing					7.30%
North America
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill and intangibles, weighted-average cost of capital percentage used for impairment testing					7.30%
Latin America
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill and intangibles, risk-rate discount percentage used for impairment testing					10.30%
AMEA
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill and intangibles, risk-rate discount percentage used for impairment testing					10.30%
North America
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill	9,248,000,000		9,248,000,000				8,933,000,000
AMEA
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill	3,222,000,000		$ 3,222,000,000				$ 3,371,000,000
Trademarks
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairments	$ 68,000,000
Number of impaired trademarks \| Brand	5		5
Number of trademarks with fair value in excess of book value, 10% or less \| Brand	7		7
Book value of trademarks with fair value in excess of book value, 10% or less	$ 546,000,000		$ 546,000,000
Trademarks \| Europe \| Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairments	45,000,000
Trademarks \| North America \| Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairments	14,000,000
Trademarks \| AMEA \| Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairments	$ 9,000,000
Tate’s Bake Shop \| North America
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill						$ 335,000,000
Intangible assets acquired						$ 210,000,000

Goodwill and Intangible Assets - Changes in Goodwill and Intangible Assets (Details)	9 Months Ended
	Sep. 30, 2018 USD ($)
Goodwill
Balance at January 1, 2018	$ 21,085,000,000
Currency/other	(520,000,000)
Acquisition	335,000,000
Asset impairments	0
Balance at September 30, 2018	20,900,000,000
Intangible Assets, at cost
Balance at January 1, 2018	20,057,000,000
Currency/other	(570,000,000)
Acquisition	210,000,000
Asset impairments	(68,000,000)
Balance at September 30, 2018	$ 19,629,000,000

Equity Method Investments - Additional Information (Details) $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Sep. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Jul. 09, 2018 director	Dec. 31, 2017 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 7,006				$ 7,006			$ 6,193
Equity method investment net earnings	80		$ 92		399	$ 249
Pre-tax gain on equity method investment transaction	$ 757		0		$ 757	0
JDE
Schedule of Equity Method Investments [Line Items]
Equity method investment, voting interest percentage	26.50%				26.50%
Equity method investment, ownership percentage	26.40%				26.40%
Equity method investment, profit and dividend sharing interest percentage	26.30%				26.30%
Cash dividends received from equity method investments		$ 73		$ 49
JDE \| Equity Earnings
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings	$ 38		50		$ 126	88
Keurig \| Keurig with Dr Pepper Snapple Group, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage							24.20%
Pre-tax gain on equity method investment transaction	757
Deferred tax expense related to gain on equity method investment transaction	184
After-tax gain on equity method investment transaction	$ 573
Number of director positions \| director							2
KDP
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	13.80%				13.80%
Cash dividends received from equity method investments			5		$ 5	11
KDP \| Keurig with Dr Pepper Snapple Group, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage							13.80%
KDP \| Equity Earnings
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings	$ 21		14		191	67
KDP \| Shareholder Loan Interest Income
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings			$ 6		$ 12	$ 18

Equity Method Investments - Impact of Change in Accounting Principle on Consolidated Financial Statements (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Statements of Earnings
Equity method investment net earnings	$ 80	$ 92	$ 399	$ 249
Net earnings	1,197	982	2,569	2,139	$ 2,842
Net earnings attributable to Mondelēz International	$ 1,194	$ 981	$ 2,558	$ 2,133
Earnings per share attributable to Mondelēz International:
Basic EPS (in dollars per share)	$ 0.81	$ 0.65	$ 1.73	$ 1.41
Diluted EPS (in dollars per share)	$ 0.81	$ 0.64	$ 1.72	$ 1.39
Statements of Other Comprehensive Earnings
Currency translation adjustment	$ (193)	$ 325	$ (859)	$ 1,242
Total other comprehensive earnings/(losses)	(121)	296	(645)	1,211	1,149
Comprehensive earnings/(losses) attributable to Mondelēz International	1,076	1,269	1,913	3,320
Balance Sheet
Equity method investments	7,006		7,006		6,193
Deferred income taxes	3,558		3,558		3,341
Retained earnings	24,075		24,075		22,631
Accumulated other comprehensive losses	(10,642)		(10,642)		(9,997)
Total Mondelēz International Shareholders’ Equity	25,457		25,457		25,994
TOTAL EQUITY	$ 25,532		$ 25,532		26,074	$ 25,195
As Reported
Balance Sheet
Equity method investments					6,345
Change in Accounting Method Accounted of Earnings in Equity Method Investments [Member] \| As Reported
Statements of Earnings
Equity method investment net earnings		103		236
Net earnings		993		2,126
Net earnings attributable to Mondelēz International		$ 992		$ 2,120
Earnings per share attributable to Mondelēz International:
Basic EPS (in dollars per share)		$ 0.66		$ 1.40
Diluted EPS (in dollars per share)		$ 0.65		$ 1.38
Statements of Other Comprehensive Earnings
Currency translation adjustment		$ 337		$ 1,260
Total other comprehensive earnings/(losses)		308		1,229
Comprehensive earnings/(losses) attributable to Mondelēz International		$ 1,292		$ 3,325
Balance Sheet
Deferred income taxes					3,376
Retained earnings					22,749
Accumulated other comprehensive losses					(9,998)
Total Mondelēz International Shareholders’ Equity					26,111
TOTAL EQUITY					$ 26,191

Restructuring Program - Additional Information (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

53 Months Ended

Sep. 06, 2018

Aug. 31, 2016

May 06, 2014

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Dec. 31, 2017

2014-2018 Restructuring Program

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

$ 5,700

$ 3,500

600

2014-2018 Restructuring Program | Maximum

Approved capital expenditures

1,600

$ 2,200

2014-2018 Restructuring Program | Restructuring Program Charges

2014-2018 Restructuring Program | Cash Costs

4,100

2014-2018 Restructuring Program | Non-cash Costs

3,100

$ 1,000

Simplify to Grow Program

Restructuring and implementation charges

$ 7,700

$ 139

$ 175

$ 435

$ 597

$ 3,696

Restructuring charges

113

220

418

2,454

^[1]

Cash spent in restructuring

232

Non-cash asset write-downs

174

Simplify to Grow Program | Maximum

376

$ 464

Implementation costs

215

179

1,242

^[1]

Approved capital expenditures

2,300

Increase in approved restructuring program costs

1,300

Increase in approved capital expenditures

700

Simplify to Grow Program | Other current liabilities

Simplify to Grow Program | Other liabilities

308

Simplify to Grow Program | Restructuring Program Charges

Simplify to Grow Program | Cash Costs

5,400

Simplify to Grow Program | Non-cash Costs

4,100

Simplify to Grow Program | Severance and Related Costs

$ 1,300

Cash spent in restructuring

Restructuring charges

175

$ 83

232

$ 245

Non-cash asset write-downs

Restructuring Reserve [Roll Forward]

$ 376

$ 464

[1]	Includes all charges recorded since program inception on May 6, 2014 through September 30, 2018.

Restructuring Program - Restructuring Liability Activity (Details) - Simplify to Grow Program - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

53 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Liability balance, January 1, 2018

$ 464

Charges

$ 56

$ 113

220

$ 418

$ 2,454

^[1]

Cash spent

(232)

Non-cash settlements/adjustments

(9)

(48)

(174)

Currency

(28)

Liability balance, September 30, 2018

376

Severance and related costs

Restructuring Reserve [Roll Forward]

Liability balance, January 1, 2018

464

Charges

175

Cash spent

(70)

$ (83)

(232)

$ (245)

Non-cash settlements/adjustments

(3)

Currency

(28)

Liability balance, September 30, 2018

376

Asset Write-downs

Restructuring Reserve [Roll Forward]

Liability balance, January 1, 2018

Charges

Cash spent

Non-cash settlements/adjustments

(45)

Currency

Liability balance, September 30, 2018

$ 0

[1]	Includes all charges recorded since program inception on May 6, 2014 through September 30, 2018.

Restructuring Program - Restructuring and Implementation Costs by Segments (Details) - Simplify to Grow Program - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

53 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

$ 56

$ 113

$ 220

$ 418

$ 2,454

^[1]

215

179

1,242

^[1]

Operating Segments | Latin America

139

175

435

597

3,696

477

^[1]

198

^[1]

Operating Segments | AMEA

104

675

^[1]

105

498

^[1]

157

^[1]

Operating Segments | Europe

136

655

^[1]

149

935

^[1]

317

^[1]

Operating Segments | North America

141

198

1,252

^[1]

^[2]

(9)

436

^[1]

^[2]

314

^[1]

^[2]

109

750

^[1]

Corporate

^[3]

108

^[1]

^[3]

256

^[1]

^[3]

$ 21

$ 12

$ 45

$ 50

$ 364

^[1]

[1]	Includes all charges recorded since program inception on May 6, 2014 through September 30, 2018.
[2]	During 2018 and 2017, our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business.
[3]	During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income, segment operating income and restructuring and implementation costs by segment to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. The benefit plan non-service income amounts no longer recorded in segment operating income are included within the Corporate column in the table above. The Corporate column also includes minor adjustments for rounding.

Debt and Borrowing Arrangements - Short-Term Borrowings and Related Weighted-Average Interest Rates (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Short-term Debt [Line Items]
Amount Outstanding	$ 4,811	$ 3,517
Commercial paper
Short-term Debt [Line Items]
Amount Outstanding	$ 4,602	$ 3,410
Weighted-Average Rate	2.40%	1.70%
Bank loans
Short-term Debt [Line Items]
Amount Outstanding	$ 209	$ 107
Weighted-Average Rate	12.10%	11.50%

Debt and Borrowing Arrangements - Additional Information (Details) £ in Millions, SFr in Millions														3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 23, 2018 USD ($)	Jul. 18, 2018 GBP (£)	Jul. 18, 2018 USD ($)	May 07, 2018 USD ($)	Apr. 17, 2018 USD ($)	Apr. 02, 2018 USD ($)	Mar. 02, 2018 USD ($)	Mar. 02, 2018 CAD ($)	Feb. 28, 2018 USD ($)	Feb. 01, 2018 USD ($)	Jan. 26, 2018 CHF (SFr)	Jan. 26, 2018 USD ($)	Oct. 13, 2016	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2017	May 03, 2018 USD ($)	Mar. 02, 2018 CAD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016
Debt Instrument [Line Items]
Short-term borrowings														$ 4,811,000,000		$ 4,811,000,000					$ 3,517,000,000
Long-term debt repaid																1,821,000,000	$ 1,468,000,000
Proceeds from issuance of debt																2,948,000,000	350,000,000
Loss on debt extinguishment														$ 0	$ 0	$ 140,000,000	$ 11,000,000
Weighted-average interest rate														2.30%		2.30%					2.10%	2.20%
Fair value of total debt														$ 20,364,000,000		$ 20,364,000,000					$ 18,354,000,000
Carrying value of total debt														20,064,000,000		20,064,000,000					17,652,000,000
Notes Payable
Debt Instrument [Line Items]
Debt instrument, principal amount				$ 2,500,000,000															$ 2,500,000,000
Proceeds from issuance of debt				2,480,000,000
Debt issuance costs																			$ 22,000,000
Debt repurchased amount					$ 570,000,000
Notes Payable \| 7.25% Pound Sterling-denominated Notes
Debt Instrument [Line Items]
Long-term debt repaid		£ 76	$ 99,000,000
Debt instrument, interest rate		7.25%	7.25%
Notes Payable \| 3.000% U.S. dollar-denominated Fixed-rate Notes Due May 2020
Debt Instrument [Line Items]
Debt instrument, interest rate																			3.00%
Debt instrument, principal amount																			$ 750,000,000
Notes Payable \| 3.625% U.S. dollar-denominated Fixed-rate Notes Due May 2023
Debt Instrument [Line Items]
Debt instrument, interest rate																			3.625%
Debt instrument, principal amount																			$ 750,000,000
Notes Payable \| 4.125% U.S. dollar-denominated Fixed-rate Notes Due May 2028
Debt Instrument [Line Items]
Debt instrument, interest rate																			4.125%
Debt instrument, principal amount																			$ 700,000,000
Notes Payable \| 4.625% U.S. dollar-denominated Fixed-rate Notes Due May 2048
Debt Instrument [Line Items]
Debt instrument, interest rate																			4.625%
Debt instrument, principal amount																			$ 300,000,000
Notes Payable \| 6.500% U.S. dollar-denominated Notes Due February 2040
Debt Instrument [Line Items]
Debt instrument, interest rate					6.50%
Debt repurchased amount					$ 241,000,000
Notes Payable \| 5.375% U.S. dollar-denominated Notes Due February 2020
Debt Instrument [Line Items]
Debt instrument, interest rate					5.375%
Debt repurchased amount					$ 97,600,000
Notes Payable \| 6.500% U.S. dollar-denominated Notes Due November 2031
Debt Instrument [Line Items]
Debt instrument, interest rate					6.50%
Debt repurchased amount					$ 75,800,000
Notes Payable \| 6.875% U.S. dollar-denominated Notes Due February 2038
Debt Instrument [Line Items]
Debt instrument, interest rate					6.875%
Debt repurchased amount					$ 72,100,000
Notes Payable \| 6.125% U.S. dollar-denominated Notes Due August 2018
Debt Instrument [Line Items]
Long-term debt repaid	$ 280,000,000
Debt instrument, interest rate	6.125%				6.125%
Debt repurchased amount					$ 42,600,000
Notes Payable \| 6.875% U.S. dollar-denominated Notes Due January 2039
Debt Instrument [Line Items]
Debt instrument, interest rate					6.875%
Debt repurchased amount					$ 29,300,000
Notes Payable \| 7.000% U.S. dollar-denominated Notes Due August 2037
Debt Instrument [Line Items]
Debt instrument, interest rate					7.00%
Debt repurchased amount					$ 11,700,000
Notes Payable \| 3.250% Canadian dollar-denominated Notes Due March 2025
Debt Instrument [Line Items]
Debt instrument, interest rate							3.25%													3.25%
Debt instrument, principal amount																				$ 600,000,000
Debt issuance costs							$ 4,000,000
Proceeds from issuance of debt, net of discounts and underwriting fees							$ 461,000,000	$ 595,000,000
Notes Payable \| 6.125% U.S. dollar-denominated Notes
Debt Instrument [Line Items]
Long-term debt repaid										$ 478,000,000
Debt instrument, interest rate										6.125%
Notes Payable \| 0.080% Swiss franc-denominated Notes
Debt Instrument [Line Items]
Long-term debt repaid											SFr 250	$ 260,000,000
Debt instrument, interest rate											0.08%	0.08%
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity									$ 1,500,000,000
Line of credit, expiration period									364 days
Revolving credit facility expiration date									Feb. 27, 2019
Line of credit facility outstanding amount														0		0
Revolving Credit Facility, October 11, 2021
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity									$ 4,500,000,000					4,500,000,000		4,500,000,000
Revolving credit facility expiration date													Oct. 11, 2018					Oct. 11, 2021
Line of credit facility outstanding amount														0		0
Revolving credit facility debt covenant																24,600,000,000
Total shareholders' equity, excluding accumulated other comprehensive earnings / (losses)														36,100,000,000		36,100,000,000
International Subsidiaries
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity														1,900,000,000		1,900,000,000					2,000,000,000.0
Commercial paper
Debt Instrument [Line Items]
Short-term borrowings														4,602,000,000		$ 4,602,000,000					3,410,000,000
Commercial paper \| Minimum
Debt Instrument [Line Items]
Commercial paper, maturity period																1 day
Commercial paper \| Maximum
Debt Instrument [Line Items]
Commercial paper, maturity period																82 days
Bank loans
Debt Instrument [Line Items]
Short-term borrowings														$ 209,000,000		$ 209,000,000					$ 107,000,000
Bank loans \| Revolving Credit Facility \| 364-Day Senior Unsecured Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity						$ 2,000,000,000.0
Line of credit, expiration period						364 days
Borrowings from lines of credit					$ 714,000,000
Repayments of lines of credit				$ 714,000,000
Loss on debt extinguishment																$ 140,000,000

Debt and Borrowing Arrangements - Interest and Other Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Debt Disclosure [Abstract]
Interest expense, debt	$ 117	$ 89	$ 334	$ 295
Loss on debt extinguishment	0	0	140	11
Loss/(gain) related to interest rate swaps	(1)	0	(10)	0
Other (income)/expense, net	(30)	(70)	(50)	(44)
Interest and other expense, net	$ 86	$ 19	$ 414	$ 262

Financial Instruments - Fair Value of Derivative Instruments (Details) - USD ($)
$ in Millions

Sep. 30, 2018

Dec. 31, 2017

$ 686

$ 179

Derivatives Designated as Hedging Instruments

579

825

424

Derivatives Designated as Hedging Instruments | Interest rate contracts

362

509

Derivatives Designated as Hedging Instruments | Net investment hedge derivative contracts

359

509

^[1]

365

Derivatives Not Designated as Hedging Instruments

^[1]

262

164

Derivatives Not Designated as Hedging Instruments | Currency exchange contracts

217

316

133

Derivatives Not Designated as Hedging Instruments | Commodity contracts

129

Derivatives Not Designated as Hedging Instruments | Interest rate contracts

170

229

$ 0

$ 11

[1]

Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) related to interest rate swaps	$ 1,000,000	$ 0	$ 10,000,000	$ 0
Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative gains/(losses)	25,000,000	(6,000,000)	14,000,000	21,000,000
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	13,000,000	9,000,000	10,000,000
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	8,205,000,000		8,205,000,000		$ 6,532,000,000
Interest rate contracts \| Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months or less			1,000,000
Net derivative gains/(losses)	25,000,000	(20,000,000)	14,000,000	27,000,000
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	$ 0	$ 9,000,000	$ 0
Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transaction period			5 years 1 month
Net investment hedge contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	7,079,000,000		$ 7,079,000,000		0
Net derivative gains/(losses)	(2,000,000)		257,000,000
After-tax gain on net investment contracts settled recorded as cumulative translation adjustment in other comprehensive income	24,000,000		24,000,000
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0		0
Net investment hedge contracts \| Net investment hedge debt
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses), net of taxes, recognized in income, excluded from effectiveness testing	34,000,000		84,000,000
Borrowings
Derivative Instruments, Gain (Loss) [Line Items]
Carrying amount of hedged fixed interest rate debt	$ 0		$ 0		$ 801,000,000

Financial Instruments - Notional Values of Hedging Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Net investment hedge debt \| Euro notes
Derivative [Line Items]
Notional Amount	$ 3,556	$ 3,679
Net investment hedge debt \| British pound sterling notes
Derivative [Line Items]
Notional Amount	343	459
Net investment hedge debt \| Swiss franc notes
Derivative [Line Items]
Notional Amount	1,426	1,694
Net investment hedge debt \| Canadian dollar notes
Derivative [Line Items]
Notional Amount	465	0
Currency exchange contracts \| Intercompany loans and forecasted interest payments
Derivative [Line Items]
Notional Amount	3,797	7,089
Currency exchange contracts \| Forecasted transactions
Derivative [Line Items]
Notional Amount	2,677	2,213
Commodity contracts
Derivative [Line Items]
Notional Amount	1,018	1,204
Interest rate contracts
Derivative [Line Items]
Notional Amount	8,205	6,532
Net investment hedge derivative contracts
Derivative [Line Items]
Notional Amount	$ 7,079	$ 0

Financial Instruments - Cash Flow Hedges Effect on Accumulated Other Comprehensive Earnings/(Losses), Net of Tax (Details) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Accumulated (loss)/gain at beginning of period	$ (133)	$ (91)	$ (113)	$ (121)
Transfer of realized (gains)/losses in fair value to earnings	0	(13)	(9)	(10)
Unrealized gain/(loss) in fair value	25	(6)	14	21
Accumulated (loss)/gain at end of period	$ (108)	$ (110)	$ (108)	$ (110)

Financial Instruments - Cash Flow Hedges After-tax Gains/(Losses) (Details) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	$ 0	$ 13	$ 9	$ 10
Net derivative gains/(losses)	25	(6)	14	21
Currency exchange contracts \| Forecasted transactions
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	(3)	0	(2)
Net derivative gains/(losses)	0	(11)	0	(37)
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	16	0	12
Net derivative gains/(losses)	0	25	0	31
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	0	9	0
Net derivative gains/(losses)	$ 25	$ (20)	$ 14	$ 27

Financial Instruments - Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) recognized in income on fair value of hedges	$ 0	$ 0	$ 0	$ 0
Borrowings
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) recognized in income on fair value of hedges	0	2	1	4
Derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) recognized in income on fair value of hedges	$ 0	$ (2)	$ (1)	$ (4)

Financial Instruments - Carrying Amount of Hedged Fixed Interest Rate Debt (Details) - Debt - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Notional value of borrowings (and related derivatives)	$ 0	$ (801)
Cumulative fair value hedging adjustments	0	0
Carrying amount of borrowings	$ 0	$ (801)

Financial Instruments - Hedges of Net Investments in International Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Euro notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ 18	$ (83)	$ 94	$ (279)
British pound sterling notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	5	(8)	13	(23)
Swiss franc notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	(10)	12	6	(53)
Canadian dollar notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ (6)	$ 0	$ (2)	$ 0

Financial Instruments - Economic Hedges (Details) - Derivatives Not Designated as Hedging Instruments - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	$ (53)	$ (30)	$ 118	$ (183)
Currency exchange contracts \| Intercompany loans and forecasted interest payments \| Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	16	(13)	30	(8)
Currency exchange contracts \| Forecasted transactions \| Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	(1)	1	(6)	(1)
Currency exchange contracts \| Forecasted transactions \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	53	(1)	118	0
Currency exchange contracts \| Forecasted transactions \| Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	2	0	(2)	2
Commodity contracts \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	$ (123)	$ (17)	$ (22)	$ (176)

Benefit Plans - Pension Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses	$ 3		$ 3
Pension Plans \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	11	$ 12	33	$ 34
Interest cost	16	16	46	47
Expected return on plan assets	(22)	(25)	(66)	(75)
Net loss from experience differences	6	10	26	27
Prior service cost/(benefit)	0	0	1	1
Settlement losses and other expenses	4	6	19	27
Net periodic benefit costs	15	19	59	61
Pension Plans \| Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	36	40	111	117
Interest cost	49	51	151	148
Expected return on plan assets	(110)	(110)	(341)	(322)
Net loss from experience differences	40	43	124	124
Prior service cost/(benefit)	(1)	(1)	(2)	(2)
Settlement losses and other expenses	0	0	0	2
Net periodic benefit costs	$ 14	$ 23	$ 43	$ 67

Benefit Plans - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018 USD ($) arrangement	Sep. 30, 2017 USD ($)	Sep. 30, 2018 USD ($) arrangement	Sep. 30, 2017 USD ($)	Apr. 01, 2018 arrangement
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses	$ 3		$ 3
U.S. Plans \| Multiemployer Plans, Pension \| Fund \| BCTGM
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, number of expired collective-bargaining arrangements \| arrangement	8		8		8
Multiemployer plan, number of collective-bargaining arrangements \| arrangement	7		7
U.S. Plans \| Multiemployer Plans, Pension \| Fund \| BCTGM \| North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, partial withdrawal liability	$ 567		$ 567
Multiemployer plan, withdrawal obligation	408		408
Multiemployer plan, withdrawal obligation, net of tax	$ 305
Multiemployer plan, withdrawal obligation term	20 years
Pension Plans \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses	$ 4	$ 6	19	$ 27
Employer contribution			6
Estimated future employer contributions	33		33
Pension Plans \| Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses	0	0	0	2
Employer contribution			253
Estimated future employer contributions	$ 48		48
Pension Plans \| Non-U.S. Plans \| United Kingdom and Ireland
Defined Benefit Plan Disclosure [Line Items]
Employer contribution			$ 168
Simplify to Grow Program \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses		$ 1		$ 12

Benefit Plans - Postretirement Health Care Costs (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Postretirement Benefit Plans

$ 8

$ 24

Net loss from experience differences

Service cost

Interest cost

Prior service credit

^[1]

(10)

(29)

(30)

Net periodic benefit costs

$ (1)

$ (3)

[1]	$8 million for the three months ended September 30, 2018 and September 30, 2017 and $24 million for the nine months ended September 30, 2018 and September 30, 2017 related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants.

Benefit Plans - Postemployment Benefit Costs (Details) - Postemployment Benefit Plans - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 1	$ 4	$ 4
Interest cost	2	1	4	3
Amortization of net gains	(1)	(1)	(2)	(3)
Net periodic benefit costs	$ 2	$ 1	$ 6	$ 4

Stock Plans - Stock Option Activity (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2018

Dec. 31, 2017

Shares Subject to Option

Balance at January 1, 2018 (In shares)

48,434,655

Options granted (in shares)

5,828,996

Options exercised (in shares)

^[1]

(7,234,369)

Options canceled (in shares)

(994,002)

Balance at September 30, 2018 (in shares)

46,035,280

48,434,655

Weighted- Average Exercise or Grant Price Per Share

Balance at January 1, 2018 (in dollars per share)

$ 29.92

Options granted (in dollars per share)

43.16

Options exercised (in dollars per share)

^[1]

25.62

Options canceled (in dollars per share)

42.79

Balance at September 30, 2018 (in dollars per share)

$ 31.99

$ 29.92

Average Remaining Contractual Term

Average remaining contractual term

5 years

Aggregate Intrinsic Value

Aggregate intrinsic value

$ 509

$ 626

Aggregate intrinsic value options exercised

^[1]

127

Cash received from options exercised

183

Actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises

$ 6

$ 15

Annual grant to eligible employees

Shares Subject to Option

Options granted (in shares)

5,666,530

Weighted- Average Exercise or Grant Price Per Share

Options granted (in dollars per share)

$ 43.51

Additional options issued

Shares Subject to Option

Options granted (in shares)

162,466

Weighted- Average Exercise or Grant Price Per Share

Options granted (in dollars per share)

$ 30.99

[1]

Stock Plans - Performance Share Units and Other Stock-Based Awards Activity (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2018

Balance at January 1, 2018 (in shares)

7,669,705

Balance at September 30, 2018 (in shares)

2,186,792

Vested (in shares)

^[1]

(2,230,871)

Forfeited (in shares)

^[1]

(842,524)

6,783,102

Weighted-average grant date fair value per share

Balance at January 1, 2018 (in dollars per share)

^[2]

$ 39.74

Vested (in dollars per share)

^[2]

46.88

^[1],[2]

38.43

Forfeited (in dollars per share)

^[1],[2]

41.70

Balance at September 30, 2018 (in dollars per share)

^[2]

$ 42.23

Weighted-Average Aggregate Fair Value

Weighted average grant date fair value of shares granted

^[2]

$ 103

Weighted average grant date fair value of shares vested

^[1],[2]

Maximum

Weighted-Average Aggregate Fair Value

Actual tax benefit/(expense) realized for the tax deductions from the shares vested

$ (1)

$ 3

Annual grant to eligible employees

Grant Date

Grant Date

Feb. 22, 2018

Performance share units

Weighted-average grant date fair value per share

1,048,770

^[2]

$ 51.23

Deferred stock units

Weighted-average grant date fair value per share

788,310

Additional shares granted

^[2]

$ 43.51

Weighted-average grant date fair value per share

^[3]

349,712

Accumulated other comprehensive income attributable to Mondelēz International:

^[2],[3]

$ 41.42

[1]	Includes performance share units, deferred stock units and historically granted restricted stock. The actual tax benefit/(expense) realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled $(1) million in the three months and $3 million in the nine months ended September 30, 2018.
[2]	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 closing market price of the Company’s stock on the grant date for performance-based components. The Monte Carlo simulation model incorporates the probability of achieving the total shareholder return market condition. Compensation expense is recognized using the grant date fair values regardless of whether the market condition is achieved, so long as the requisite service has been provided.
[3]	Includes performance share units and deferred stock units.

Stock Plans - Share Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Millions		1 Months Ended	9 Months Ended		12 Months Ended	60 Months Ended
	Jan. 31, 2018	Oct. 31, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2013
Class of Stock [Line Items]
Common shares repurchased			$ 1,636,000,000		$ 2,202,000,000
Payments for Repurchase of Common Stock			$ 1,650,000,000	$ 1,786,000,000
Common Stock \| Prior to January 1, 2018
Class of Stock [Line Items]
Stock repurchase value							$ 13,700,000,000
Common shares repurchased						$ 13,000,000,000.0
Common Stock \| Share Repurchase Program Amended January 1, 2018
Class of Stock [Line Items]
Stock repurchase value	$ 19,700,000,000
Increase in share repurchase value	$ 6,000,000,000.0
Stock repurchase expiration date			Dec. 31, 2020
Number of shares repurchased (in shares)			39
Average cost of shares repurchased (in dollars per share)			$ 41.98
Common shares repurchased			$ 1,700,000,000
Stock repurchase remaining amount			$ 5,000,000,000.0
Common Stock \| Share Repurchase Program Amended January 1, 2018 \| Subsequent Event
Class of Stock [Line Items]
Payments for Repurchase of Common Stock		$ 12,000,000

Commitments and Contingencies (Details) R$ in Millions, ₨ in Billions			3 Months Ended				6 Months Ended	9 Months Ended
	Sep. 30, 2017 USD ($)	Sep. 30, 2017 BRL (R$)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2018 INR (₨)
Loss Contingencies [Line Items]
Income tax benefit			$ (310,000,000)		$ (272,000,000)			$ (662,000,000)	$ (510,000,000)
Selling, general and administrative expense to offset tax benefit			1,508,000,000		$ 1,338,000,000			$ 4,939,000,000	$ 4,276,000,000
Reversal of contingency provision accruals	$ 212,000,000	R$ 667
Income due to reversal of accrued liability under tax indemnity						$ 58,000,000
Selling, general and administrative expenses
Loss Contingencies [Line Items]
Reversal of contingency provision accruals	153,000,000
Income due to reversal of accrued liability under tax indemnity						46,000,000
Interest and other expense, net
Loss Contingencies [Line Items]
Reversal of contingency provision accruals	$ 59,000,000
Income due to reversal of accrued liability under tax indemnity						$ 12,000,000
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
Groupe Danone S.A. Global LU Biscuit Business (“LU Biscuit”) [Member]
Loss Contingencies [Line Items]
Income tax benefit				$ 15,000,000
Selling, general and administrative expense to offset tax benefit				11,000,000
Interest expense to offset tax benefit				$ 4,000,000
U.S. Commodity Futures Trading Commission ("CFTC")
Loss Contingencies [Line Items]
Loss contingency, filling date								Apr. 01, 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
Cadbury \| Indian Department of Central Excise Authority
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date			52,000,000					52,000,000		₨ 3.7
Cadbury \| Indian Department of Central Excise Authority \| Maximum
Loss Contingencies [Line Items]
Tax penalties and interest expense			81,000,000					81,000,000		5.8
Cadbury \| Indian Department of Central Excise Authority \| Show Cause Notice
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date			$ 68,000,000					$ 68,000,000		₨ 4.9

Reclassifications from Accumulated Other Comprehensive Income - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Equity [Abstract]
Net losses reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax)	$ 33	$ 30	$ 105	$ 113

Reclassifications from Accumulated Other Comprehensive Income - Changes in Accumulated Other Comprehensive Earnings/(Losses) (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Dec. 31, 2017

$ 26,074

$ 25,195

Less: (earnings)/loss attributable to noncontrolling interests

$ (121)

$ 296

(645)

1,211

1,149

(8)

(24)

Tax expense/(benefit) on reclassifications

(310)

(272)

(662)

(510)

Other comprehensive earnings/(losses) attributable to Mondelēz International

(118)

288

(645)

1,187

Currency Translation Adjustments

25,532

26,074

Accumulated other comprehensive income attributable to Mondelēz International:

Currency translation adjustments

(8,409)

(8,009)

(7,740)

(8,910)

(189)

279

(746)

1,037

Equity method investment transaction

Tax (expense)/benefit

(10)

(119)

205

Less: (earnings)/loss attributable to noncontrolling interests

(193)

325

(859)

1,242

(8)

(24)

Pension and Other Benefits

(8,599)

(7,692)

(8,599)

(7,692)

(7,740)

Accumulated other comprehensive income attributable to Mondelēz International:

(1,982)

(2,119)

(2,144)

(2,087)

Net actuarial gain/(loss) arising during period

(10)

209

(42)

(28)

(19)

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

(9)

Currency impact, pension and other benefit plans

(50)

(171)

Derivative Cash Flow Hedges

(1,935)

(2,129)

(1,935)

(2,129)

(2,144)

Accumulated other comprehensive income attributable to Mondelēz International:

(133)

(91)

(113)

(121)

Net derivative gains/(losses)

(19)

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

(5)

(8)

(1)

Currency impact

(3)

(9)

Accumulated Other Comprehensive Income (Loss)

(108)

(110)

(108)

(110)

(113)

Accumulated other comprehensive income attributable to Mondelēz International:

(10,524)

(10,219)

(9,997)

(11,118)

(645)

1,121

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

(10,642)

(9,931)

(10,642)

(9,931)

$ (9,997)

Accumulated other comprehensive income attributable to Mondelēz International:

Amortization of experience losses and prior service costs

^[1]

129

130

Settlement losses and other expenses

^[1]

Tax expense/(benefit) on reclassifications

^[2]

(9)

(10)

(34)

(31)

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

Accumulated other comprehensive income attributable to Mondelēz International:

Tax expense/(benefit) on reclassifications

^[2]

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

Accumulated other comprehensive income attributable to Mondelēz International:

Losses/(gains) reclassified into net earnings

^[3]

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

Accumulated other comprehensive income attributable to Mondelēz International:

Losses/(gains) reclassified into net earnings

^[3]

(21)

(15)

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

Accumulated other comprehensive income attributable to Mondelēz International:

Losses/(gains) reclassified into net earnings

^[4]

$ 0

$ (11)

$ 0

[1]	These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.
[2]	Taxes reclassified to earnings are recorded within the provision for income taxes.
[3]	These reclassified gains or losses are recorded within cost of sales.
[4]	These reclassified gains or losses are recorded within interest and other expense, net.

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Tax Contingency [Line Items]
Provisional discrete net tax expense (benefit)	$ 8		$ 95
Increase (decrease) in liability for transition tax due to U.S. tax reform	3		$ 89	$ 0
Tax expense for other provisional tax updates	$ 5
Estimated effective tax rate		25.80%	22.00%
Effective tax rate	46.30%	23.40%	31.90%	21.30%
Pre-tax gain on equity method investment transaction	$ 757	$ 0	$ 757	$ 0
Net tax discrete items (benefit) expense	(19)		22
Gains on business transactions and divestitures	0	187	0	184
Net favorable tax benefit from audit settlements and expirations of statutes of limitations	26		$ 70	74
Benefit relating to the U.S. domestic production activities deduction				$ 16
Keurig \| Keurig with Dr Pepper Snapple Group, Inc.
Income Tax Contingency [Line Items]
Deferred tax expense related to gain on equity method investment transaction	184
Pre-tax gain on equity method investment transaction	$ 757
Effective tax rate, excluding the effects of gain on equity method investment transaction	18.60%		23.00%
Australian Grocery Business
Income Tax Contingency [Line Items]
Net tax expense from divestitures		27
Gains on business transactions and divestitures		$ 187

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Earnings Per Share [Abstract]
Net earnings	$ 1,197	$ 982	$ 2,569	$ 2,139	$ 2,842
Noncontrolling interest (earnings)	(3)	(1)	(11)	(6)
Net earnings attributable to Mondelēz International	$ 1,194	$ 981	$ 2,558	$ 2,133
Weighted-average shares for basic EPS (in shares)	1,466	1,507	1,477	1,518
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares (in shares)	14	17	14	19
Weighted-average shares for diluted EPS (in shares)	1,480	1,524	1,491	1,537
Basic earnings per share attributable to Mondeléz International (in dollars per share)	$ 0.81	$ 0.65	$ 1.73	$ 1.41
Diluted earnings per share attributable to Mondélez International (in dollars per share)	$ 0.81	$ 0.64	$ 1.72	$ 1.39

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

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The 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.

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

+ References + Details

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Earnings per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Mondelez International stock options excluded from the calculation of diluted EPS (in shares)	12.2	9.0	11.5	8.0

Segment Reporting - Net Revenues and Earnings (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

$ 6,288

$ 6,530

^[1]

$ 19,165

$ 18,930

^[1]

Unrealized gains/(losses) on hedging activities (mark-to-market impacts)

737

1,171

2,442

2,632

(112)

181

(69)

General corporate expenses

(74)

(55)

(228)

(192)

Amortization of intangibles

(44)

(45)

(132)

(133)

Net gain on divestitures

187

184

Acquisition-related costs

(1)

(14)

Benefit plan non-service income

^[2]

Interest and other expense, net

(86)

(19)

(414)

(262)

Earnings before income taxes

670

1,162

2,075

2,400

Latin America

774

908

^[1]

2,439

2,666

^[1]

100

256

318

469

AMEA

1,398

1,405

^[1]

4,300

4,290

^[1]

153

558

424

Europe

2,361

2,442

^[1]

7,370

6,978

^[1]

381

393

1,245

1,107

North America

1,755

1,775

^[1]

5,056

4,996

^[1]

$ 334

$ 325

$ 514

$ 842

[1]

[2]

Segment Reporting - Net Revenues by Product Category (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

^[1]

Sep. 30, 2018

Sep. 30, 2017

^[1]

$ 6,288

$ 6,530

$ 19,165

$ 18,930

Biscuits

2,831

2,860

8,376

8,019

Chocolate

1,901

1,979

5,847

5,629

Gum & Candy

861

934

2,628

2,719

Beverages

239

282

908

1,031

Cheese & Grocery

456

475

1,406

1,532

Latin America

774

908

2,439

2,666

Latin America | Biscuits

Latin America | Chocolate

185

210

560

580

Latin America | Gum & Candy

169

207

573

660

Latin America | Beverages

220

247

668

701

Latin America | Cheese & Grocery

117

155

394

477

244

248

AMEA

1,398

1,405

4,300

4,290

AMEA | Biscuits

455

445

1,284

1,201

AMEA | Chocolate

524

519

1,537

1,457

AMEA | Gum & Candy

207

228

678

695

AMEA | Beverages

103

104

448

466

AMEA | Cheese & Grocery

109

353

471

Europe

2,361

2,442

7,370

6,978

Europe | Biscuits

769

778

2,374

2,177

Europe | Chocolate

1,142

1,179

3,568

3,318

Europe | Gum & Candy

167

185

553

582

Europe | Beverages

Europe | Cheese & Grocery

264

277

809

813

North America

1,755

1,775

5,056

4,996

North America | Biscuits

North America | Chocolate

1,422

1,427

4,158

4,061

North America | Gum & Candy

169

194

North America | Beverages

267

274

729

741

North America | Cheese & Grocery