Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	Apr. 26, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	MDLZ
Entity Registrant Name	Mondelez International, Inc.
Entity Central Index Key	0001103982
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		1,440,435,771

Condensed Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net revenues	$ 6,538	$ 6,765
Cost of sales	3,945	3,916
Gross profit	2,593	2,849
Selling, general and administrative expenses	1,493	1,527
Asset impairment and exit costs	20	54
Amortization of intangibles	44	44
Operating income	1,036	1,224
Benefit plan non-service income	(17)	(13)
Interest and other expense, net	80	80
Earnings before income taxes	973	1,157
Provision for income taxes	(189)	(337)
Gain on equity method investment transaction	23	0
Equity method investment net earnings	113	232
Net earnings	920	1,052
Noncontrolling interest earnings	(6)	(6)
Net earnings attributable to Mondelēz International	$ 914	$ 1,046
Per share data:
Basic earnings per share attributable to Mondeléz International (in dollars per share)	$ 0.63	$ 0.70
Diluted earnings per share attributable to Mondélez International (in dollars per share)	$ 0.63	$ 0.70

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 920	$ 1,052
Other comprehensive earnings/(losses), net of tax:
Currency translation adjustment	190	210
Pension and other benefit plans	10	(6)
Derivative cash flow hedges	(69)	(46)
Total other comprehensive earnings/(losses)	131	158
Comprehensive earnings/(losses)	1,051	1,210
less: Comprehensive earnings/(losses) attributable to noncontrolling interests	5	21
Comprehensive earnings/(losses) attributable to Mondelēz International	$ 1,046	$ 1,189

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 1,542	$ 1,100
Trade receivables (net of allowances of $40 at March 31, 2019 and $40 at December 31, 2018)	2,781	2,262
Other receivables (net of allowances of $46 at March 31, 2019 and $47 at December 31, 2018)	755	744
Inventories, net	2,620	2,592
Other current assets	841	906
Total current assets	8,539	7,604
Property, plant and equipment, net	8,520	8,482
Operating lease right of use assets	636	0
Goodwill	20,686	20,725
Intangible assets, net	17,958	18,002
Prepaid pension assets	138	132
Deferred income taxes	270	255
Equity method investments	7,004	7,123
Other assets	411	406
TOTAL ASSETS	64,162	62,729
LIABILITIES
Short-term borrowings	4,065	3,192
Current portion of long-term debt	2,918	2,648
Accounts payable	5,566	5,794
Accrued marketing	1,876	1,756
Accrued employment costs	568	701
Other current liabilities	2,728	2,646
Total current liabilities	17,721	16,737
Long-term debt	12,437	12,532
Long-term operating lease liabilities	470	0
Deferred income taxes	3,546	3,552
Accrued pension costs	1,124	1,221
Accrued postretirement health care costs	354	351
Other liabilities	2,601	2,623
TOTAL LIABILITIES	38,253	37,016
Commitments and Contingencies (Note 13)
EQUITY
Common Stock, no par value (5,000,000,000 shares authorized and 1,996,537,778 shares issued at March 31, 2019 and December 31, 2018)	0	0
Additional paid-in capital	31,933	31,961
Retained earnings	24,954	24,491
Accumulated other comprehensive losses	(10,498)	(10,630)
Treasury stock, at cost (552,670,831 shares at March 31, 2019 and 545,537,923 shares at December 31, 2018)	(20,561)	(20,185)
Total Mondelēz International Shareholders’ Equity	25,828	25,637
Noncontrolling interest	81	76
TOTAL EQUITY	25,909	25,713
TOTAL LIABILITIES AND EQUITY	$ 64,162	$ 62,729

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Trade receivables, allowances	$ 40	$ 40
Other receivables, allowances	$ 46	$ 47
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)	552,670,831	545,537,923

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Earnings/(Losses)	Treasury Stock	Non-controlling Interest
Balance at beginning of period at Dec. 31, 2017	$ 26,074	$ 0	$ 31,915	$ 22,631	$ (9,997)	$ (18,555)	$ 80
Comprehensive earnings/(losses):
Net earnings	1,052			1,046			6
Other comprehensive earnings/(losses), net of income taxes	158				143		15
Exercise of stock options and issuance of other stock awards	84		(39)	(51)		174
Common Stock repurchased	(500)					(500)
Cash dividends declared ($0.26 and $0.22 per share for 2019 and 2018, respectively)	(327)			(327)
Dividends paid on noncontrolling interest and other activities	3			6			(3)
Balance at end of period at Mar. 31, 2018	26,544	0	31,876	23,305	(9,854)	(18,881)	98
Balance at beginning of period at Dec. 31, 2018	25,713	0	31,961	24,491	(10,630)	(20,185)	76
Comprehensive earnings/(losses):
Net earnings	920			914			6
Other comprehensive earnings/(losses), net of income taxes	131				132		(1)
Exercise of stock options and issuance of other stock awards	185		(28)	(76)		289
Common Stock repurchased	(665)					(665)
Cash dividends declared ($0.26 and $0.22 per share for 2019 and 2018, respectively)	(375)			(375)
Balance at end of period at Mar. 31, 2019	$ 25,909	$ 0	$ 31,933	$ 24,954	$ (10,498)	$ (20,561)	$ 81

- Definition

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

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+ Details

Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Noncontrolling interest	$ 81
Other comprehensive earnings, net of taxes, attributable to noncontrolling interest	(1)	$ 15
Net earnings attributable to noncontrolling interest	$ 6	$ 6
Retained Earnings
Cash dividends declared (in dollars per share)	$ 0.26	$ 0.22

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
Net earnings	$ 920	$ 1,052
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	258	207
Stock-based compensation expense	32	28
U.S. tax reform transition tax	0	94
Deferred income tax provision	2	77
Asset impairments and accelerated depreciation	5	28
Gain on equity method investment transaction	(23)	0
Equity method investment net earnings	(113)	(232)
Distributions from equity method investments	160	143
Other non-cash items, net	16	(14)
Change in assets and liabilities, net of acquisitions and divestitures:
Receivables, net	(570)	(413)
Inventories, net	(36)	(38)
Accounts payable	(139)	(144)
Other current assets	47	46
Other current liabilities	(45)	(317)
Change in pension and postretirement assets and liabilities, net	(49)	(110)
Net cash provided by operating activities	465	407
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES
Capital expenditures	(265)	(284)
Proceeds from sale of property, plant and equipment and other	42	10
Net cash used in investing activities	(223)	(274)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES
Issuances of commercial paper, maturities greater than 90 days	610	686
Repayments of commercial paper, maturities greater than 90 days	(1,549)	(433)
Net issuances of other short-term borrowings	1,815	1,016
Long-term debt proceeds	597	463
Long-term debt repaid	(403)	(738)
Repurchase of Common Stock	(646)	(527)
Dividends paid	(380)	(330)
Other	157	92
Net cash provided by financing activities	201	229
Effect of exchange rate changes on cash and cash equivalents	(1)	7
Cash and cash equivalents:
Increase	442	369
Balance at beginning of period	1,100	761
Balance at end of period	$ 1,542	$ 1,130

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2019
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, 2018. 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 that were deconsolidated in 2015. All intercompany transactions are eliminated. The noncontrolling interest represents the noncontrolling investors' interests in the results of subsidiaries that we control and consolidate. 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 (except for highly inflationary currencies) and realized exchange gains and losses on transactions in earnings. Highly inflationary accounting is triggered when a country’s three-year cumulative inflation rate exceeds 100%. It requires the remeasurement of financial statements of subsidiaries in the country from the functional currency of the subsidiary to our U.S. dollar reporting currency, with currency remeasurement gains or losses recorded in earnings. 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 that indicated that Argentina's three-year cumulative inflation rate exceeded 100%, we concluded that Argentina became a highly inflationary economy for accounting purposes. 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 using the exchange rate as of the balance sheet date, with remeasurement and other transaction gains and losses recorded in net earnings. As of March 31, 2019, our Argentinian operations had $2 million of Argentinian peso denominated net monetary assets. Our Argentinian operations contributed $100 million, or 1.5%, of consolidated net revenues in the three months ended March 31, 2019. During the three months ended March 31, 2019, we recorded a $2 million remeasurement loss within selling, general and administrative expenses related to the revaluation of the Argentinian peso denominated net monetary assets during the quarter. Brexit. In the three months ended March 31, 2019, we generated 9.3% of our consolidated net revenues in the United Kingdom. We continue to monitor the U.K. planned exit from the European Union ("Brexit"), the deadline for which has been extended through October 31, 2019. We continue to take protective measures in response to the potential impacts on our results of operations and financial condition. Following the Brexit vote in June 2016, there was significant volatility in the global stock markets and currency exchange rates. The value of the British pound sterling relative to the U.S. dollar declined significantly and negatively affected our translated results reported in U.S. dollars. If the ultimate terms of the United Kingdom’s separation from the European Union negatively impact the U.K. economy or result in disruptions to sales or our supply chain, the impact to our results of operations and financial condition could be material. We are taking measures to increase our resources in customer service & logistics together with increasing our inventory levels of imported raw materials, packaging and finished goods in the United Kingdom to help us manage through the Brexit transition and the inherent risks. Other Countries. Since we sell our products in over 150 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, 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. 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 $808 million as of March 31, 2019 and $819 million as of December 31, 2018. 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. Leases: We determine whether a contract is or contains a lease at contract inception. On January 1, 2019, we began to record operating leases on our condensed consolidated balance sheet. We elected not to recognize right-of-use ("ROU") assets and lease liabilities for short-term operating leases with terms of 12 months or less. As of March 31, 2019, long-term operating lease ROU assets and long-term operating lease liabilities were presented separately and operating lease liabilities payable in the next twelve months were recorded in other current liabilities. Finance lease ROU assets continue to be presented in property, plant and equipment and the related finance lease liabilities continue to be presented in the current portion of long-term debt and long-term debt. Lease ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets are recognized at commencement date at the value of the lease liability, adjusted for any prepayments, lease incentives received and initial direct costs incurred. Lease liabilities are recognized at commencement date based on the present value of remaining lease payments over the lease term. The non-recurring fair value measurement is classified as Level 3 as no fair value inputs are observable. As the rate implicit in the lease is not readily determinable in most of our leases, we use our country-specific incremental borrowing rate based on the lease term using information available at commencement date in determining the present value of lease payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Many of our leases contain non-lease components (e.g. product costs, common-area or other maintenance costs) that relate to the lease components of the agreement. Non-lease components and the lease components to which they relate are accounted for as a single lease component as we have elected to combine lease and non-lease components for all classes of underlying assets. Amortization of ROU lease assets is calculated on a straight-line basis over the lease term with the expense recorded in cost of sales or selling, general and administrative expenses depending on the nature of the leased item. Interest expense is recorded over the lease term and is recorded in interest expense (based on a front-loaded interest expense pattern) for finance leases and is recorded in cost of sales or selling, general and administrative expenses (on a straight-line basis) for operating leases. All operating lease cash payments and interest on finance leases are recorded within cash flows from operating activities and all finance lease principal payments are recorded within cash flows from financing activities in the condensed consolidated statements of cash flows. New Accounting Pronouncements: In October 2018, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") that permits the use of the Secured Overnight Financing Rate ("SOFR") Overnight Index Swap ("OIS") Rate as a U.S. benchmark interest rate for hedge accounting purposes. We adopted the new standard on January 1, 2019 and there was no material impact to our consolidated financial statements upon adoption. In August 2018, the FASB issued an 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. We adopted the standard as of January 1, 2019 and there was no material impact to our consolidated financial statements upon adoption. 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 did not elect to reclassify these stranded tax effects from U.S. tax reform when we adopted this ASU in the first quarter of 2019. As such, this ASU did not have a material impact on our consolidated financial statements. Our policy is to release stranded tax effects from accumulated other comprehensive income under the portfolio method rather than on an individual item by item basis. 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 10, Financial Instruments, for additional information. In July 2017, the FASB issued an ASU on financial instruments that allows for the exclusion of a down round feature when evaluating whether or not the instrument or embedded feature requires derivative classification. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We adopted the standard as of January 1, 2019 and there was no material impact to our consolidated financial statements upon adoption. In June 2016, the FASB issued an ASU on the measurement of credit losses on financial instruments. This ASU requires entities to measure the impairment of certain financial instruments, including trade receivables, based on expected losses rather than incurred losses. This ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted for financial statement periods beginning after December 15, 2018. We are currently assessing the guidance. This ASU is not expected to have a material impact on our consolidated financial statements. In February 2016, the FASB issued an ASU on lease accounting to increase transparency and comparability among organizations by requiring the recognition of ROU assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. 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 ROU 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 or financing. In July 2018, the FASB issued an ASU that allows for an alternative transition approach, which does 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 adopted the new standard on January 1, 2019. We elected to apply the package of practical expedients that allowed us not to reassess the lease classification and initial direct costs for expired or existing leases or whether expired or existing contracts contain leases. We elected not to separate non-lease components from lease components and to account for both as a single lease component by class of the underlying asset. The impact of adopting the standard included the initial recognition as of January 1, 2019, of $710 million of lease related assets and $730 million of lease related liabilities on our condensed consolidated balance sheet. The transition method we elected for adoption requires a cumulative effect adjustment to retained earnings as of January 1, 2019, which was not material. 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 7, Equity Method Investments, for more information.

Divestitures and Acquisitions	3 Months Ended
Divestitures and Acquisitions	Mar. 31, 2019
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 for $528 million cash paid, net of cash received, and extended our premium biscuit offerings. We expect to finalize the purchase price paid and related purchase price allocation once working capital and other adjustments are finalized. We accounted for the transaction as a business combination. As of March 31, 2019, we recorded a preliminary purchase price allocation of $45 million to definite-lived intangible assets, $205 million to indefinite-lived intangible assets, $298 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 $44 million to deferred tax liabilities. The acquisition added incremental net revenues of $20 million and incremental operating income of $2 million in the first quarter of 2019.

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:



	As of March 31, 2019			As of December 31, 2018
	(in millions)
Land and land improvements	$	423		$	424
Buildings and building improvements	3,006			2,984
Machinery and equipment	11,083			10,943
Construction in progress	863			894
	15,375			15,245
Accumulated depreciation	(6,855		)	(6,763		)
Property, plant and equipment, net	$	8,520		$	8,482

For the three months ended March 31, 2019, capital expenditures of $265 million excluded $218 million of accrued capital expenditures remaining unpaid at March 31, 2019 and included payment for a portion of the $331 million of capital expenditures that were accrued and unpaid at December 31, 2018. For the three months ended March 31,

2018, capital expenditures of $284 million excluded $252 million of accrued capital expenditures remaining unpaid at March 31, 2018 and included payment for a portion of the $357 million of capital expenditures that were accrued and unpaid at December 31, 2017.

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 8, Restructuring Program).



	For the Three Months Ended March 31,
	2019		2018
	(in millions)
Latin America	$	—	$	8
AMEA	1		4
Europe	1		5
North America	3		6
Non-cash property, plant and equipment write-downs	$	5	$	23

Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases, Operating

Note 5. Leases

We have operating and finance leases for manufacturing and distribution facilities, vehicles, equipment and office space. Our leases have remaining lease terms of 1 to 9 years, some of which include options to extend the leases for up to 6 years. We assume the majority of our termination options will not be exercised when determining the lease term of our leases. We do not include significant restrictions or covenants in our lease agreements, and residual value guarantees are generally not included within our operating leases, with the exception of some fleet leases. Some of our leasing arrangements require variable payments that are dependent on usage or output or may vary for other reasons, such as product costs, insurance and tax payments. These variable payment leases are not included in our recorded lease assets and liabilities and are expensed as incurred. Certain leases are tied to a variable index or rate and are included in our lease assets and liabilities based on the indices or rates as of lease commencement.

The components of lease costs were as follows:



	For the Three Months Ended March 31, 2019
	(in millions)
Operating lease cost	$	59

Finance lease cost:
Amortization of right-of-use assets	4
Interest on lease liabilities	1

Short-term lease cost	9
Variable lease cost	100
Sublease income	(1		)

Total lease cost	$	172

Supplemental cash flow information related to leases was as follows:



	For the Three Months Ended March 31, 2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(72	)
Operating cash flows from finance leases	—
Financing cash flows from finance leases	(3		)

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	26
Finance leases	7

Supplemental balance sheet information related to leases was as follows:



	As of March 31, 2019
	(in millions)
Operating Leases:
Operating lease right-of-use assets, net of amortization	$	636

Other current liabilities	$	179
Operating lease liabilities	470
Total operating lease liabilities	$	649

Finance Leases:
Finance leases, net of amortization (within property, plant & equipment)	$	53

Other current liabilities	$	18
Other long-term liabilities	37
Total finance lease liabilities	$	55

Weighted Average Remaining Lease Term
Operating leases	5.4 years
Finance leases	2.9 years

Weighted Average Discount Rate
Operating leases	3.6%
Finance leases	5.2%

Future lease payments under non-cancelable leases under prior lease accounting rules (ASC 840) and under the new lease accounting rules (ASC 842) that went into effect on January 1, 2019 were as follows:



	As of March 31, 2019						As of December 31, 2018
	ASC 842						ASC 840
	Operating Leases			Finance Leases			Operating Leases
	(in millions)
Year Ending December 31:
2019 (excluding the three months ended March 31, 2019)	$	159		$	16
2019							$	208
2020	179			21			165
2021	125			14			114
2022	88			5			79
2023	65			2			57
Thereafter	118			—			157
Total future undiscounted lease payments	$	734		$	58		$	780
Less imputed interest	(85		)	(3		)
Total reported lease liability	$	649		$	55

In 2020, we expect to record a $44 million operating lease liability for a 15 year lease that has not yet commenced.

Leases, Finance

Note 5. Leases

The components of lease costs were as follows:



	For the Three Months Ended March 31, 2019
	(in millions)
Operating lease cost	$	59

Finance lease cost:
Amortization of right-of-use assets	4
Interest on lease liabilities	1

Short-term lease cost	9
Variable lease cost	100
Sublease income	(1		)

Total lease cost	$	172

Supplemental cash flow information related to leases was as follows:



	For the Three Months Ended March 31, 2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(72	)
Operating cash flows from finance leases	—
Financing cash flows from finance leases	(3		)

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	26
Finance leases	7

Supplemental balance sheet information related to leases was as follows:



	As of March 31, 2019
	(in millions)
Operating Leases:
Operating lease right-of-use assets, net of amortization	$	636

Other current liabilities	$	179
Operating lease liabilities	470
Total operating lease liabilities	$	649

Finance Leases:
Finance leases, net of amortization (within property, plant & equipment)	$	53

Other current liabilities	$	18
Other long-term liabilities	37
Total finance lease liabilities	$	55

Weighted Average Remaining Lease Term
Operating leases	5.4 years
Finance leases	2.9 years

Weighted Average Discount Rate
Operating leases	3.6%
Finance leases	5.2%



	As of March 31, 2019						As of December 31, 2018
	ASC 842						ASC 840
	Operating Leases			Finance Leases			Operating Leases
	(in millions)
Year Ending December 31:
2019 (excluding the three months ended March 31, 2019)	$	159		$	16
2019							$	208
2020	179			21			165
2021	125			14			114
2022	88			5			79
2023	65			2			57
Thereafter	118			—			157
Total future undiscounted lease payments	$	734		$	58		$	780
Less imputed interest	(85		)	(3		)
Total reported lease liability	$	649		$	55

In 2020, we expect to record a $44 million operating lease liability for a 15 year lease that has not yet commenced.

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 6. Goodwill and Intangible Assets

Goodwill by segment was:



	As of March 31, 2019		As of December 31, 2018
	(in millions)
Latin America	$	822	$	823
AMEA	3,237		3,210
Europe	7,440		7,519
North America	9,187		9,173
Goodwill	$	20,686	$	20,725

Intangible assets consisted of the following:



	As of March 31, 2019			As of December 31, 2018
	(in millions)
Non-amortizable intangible assets	$	17,200		$	17,201
Amortizable intangible assets	2,330			2,328
	19,530			19,529
Accumulated amortization	(1,572		)	(1,527		)
Intangible assets, net	$	17,958		$	18,002

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 ended March 31, 2019 and $44 million for the three months ended March 31, 2018. For the next five years, we currently estimate annual

amortization expense of approximately $175 million for the next two years and approximately $85 million in years three to five (reflecting March 31, 2019 exchange rates).

Changes in goodwill and intangible assets consisted of:



	Goodwill			Intangible Assets, at cost
	(in millions)
Balance at January 1, 2018	$	20,725		$	19,529
Currency	(39		)	1
Balance at March 31, 2019	$	20,686		$	19,530

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. 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. We also identified seven brands, including the five impaired trademarks, with $537 million of aggregate book value as of March 31, 2019, 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

3 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Note 7. Equity Method Investments

Our investments accounted for under the equity method of accounting totaled $7,004 million as of March 31, 2019 and $7,123 million as of December 31, 2018. Our largest investments are in Jacobs Douwe Egberts (“JDE”) and Keurig Dr Pepper Inc. (NYSE: "KDP”).

JDE:

As of March 31, 2019, we held a 26.5% voting interest, a 26.4% ownership interest and a 26.2% profit and dividend sharing interest in JDE. We recorded JDE equity earnings of $50 million in the first quarter of 2019 and $46 million in the first quarter of 2018. We also recorded $73 million of cash dividends received during the first quarter of 2019 and $73 million of cash dividends received during the first quarter of 2018.

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 Keurig Dr Pepper Inc. (NYSE: "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 2018, we recorded a pre-tax gain of $778 million reported as a gain on equity method transaction and $192 million of deferred tax expense reported in the provision for income taxes (or $586 million after-tax gain) related to the change in our ownership interest.

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 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 March 31, 2018
	As Reported			As Adjusted
	(in millions)
Statements of Earnings
Provision for income taxes	$	(307	)	$	(337	)
Equity method investment net earnings	94			232
Net earnings	944			1,052
Net earnings attributable to Mondelēz International	938			1,046
Earnings per share attributable to Mondelēz International:
Basic EPS	$	0.63		$	0.70
Diluted EPS	$	0.62		$	0.70

Statements of Other Comprehensive Earnings
Currency translation adjustment	$	207		$	210
Total other comprehensive earnings/(losses)	155			158
Comprehensive earnings attributable to Mondelēz International	1,078			1,189

As of March 31, 2019, we held a 13.6% ownership interest in KDP. Our ownership interest in KDP may change over time due to stock-based compensation arrangements and other transactions by KDP. During the first quarter, we recognized a $23 million pre-tax gain related to the impact of a KDP acquisition that decreased our ownership interest from 13.8% to 13.6%. As of March 31, 2019, based on KDP's closing stock price, the fair value of our ownership interest in KDP was $5.4 billion, which exceeded the carrying value of our KDP investment.

We recorded equity earnings and cash dividends of $37 million and $29 million in the first three months of 2019 and equity earnings, shareholder loan interest and cash dividends of $154 million, $6 million and $3 million in the first three months of 2018.

Restructuring Program

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Restructuring Program

Note 8. 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 $4.0 billion related to the Simplify to Grow Program. We expect to incur the program charges by year-end 2022.

Restructuring Costs:

The Simplify to Grow Program liability activity for the three months ended March 31, 2019 was:



	Severance and related costs			Asset Write-downs			Total
	(in millions)
Liability balance, January 1, 2019	$	373		$	—		$	373
Charges	15			5			20
Cash spent	(53		)	—			(53		)
Non-cash settlements/adjustments ⁽¹⁾	(24		)	(5		)	(29		)
Currency	(4		)	—			(4		)
Liability balance, March 31, 2019	$	307		$	—		$	307


(1)	We adopted the new ASU on lease accounting as of January 1, 2019. The ASU revises the accounting for onerous leases such that any onerous lease liability should be netted with the right of use asset. Therefore, we reclassified $23 million onerous lease liability as of March 31, 2019 from accrued liabilities and other accrued liabilities to operating lease right of use assets.

We recorded restructuring charges of $20 million in the first quarter of 2019 and $52 million in the first quarter of 2018 within asset impairment and exit costs. We spent $53 million in the first quarter of 2019 and $79 million in the first quarter of 2018 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 (including a one-time transfer of onerous lease liabilities to operating lease ROU assets) totaling $29 million in the first quarter of 2019 and $25 million in the first quarter of 2018. At March 31, 2019, $261 million of our net restructuring liability was recorded within other current liabilities and $46 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 $50 million in the first quarter of 2019 and $62 million in the first quarter of 2018. 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 months ended March 31, 2019 and March 31, 2018, 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 March 31, 2019
Restructuring Costs	$	—	$	6	$	—	$	6	$	8	$	20
Implementation Costs	15		7		11		4		13		50
Total	$	15	$	13	$	11	$	10	$	21	$	70
For the Three Months Ended March 31, 2018
Restructuring Costs	$	24	$	6	$	7	$	12	$	3	$	52
Implementation Costs	15		12		16		17		2		62
Total	$	39	$	18	$	23	$	29	$	5	$	114
Total Project ⁽³⁾
Restructuring Costs	$	493	$	523	$	971	$	459	$	124	$	2,570
Implementation Costs	234		175		356		336		291		1,392
Total	$	727	$	698	$	1,327	$	795	$	415	$	3,962


(1)	During 2019 and 2018, 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)	The Corporate column includes minor adjustments for rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through March 31, 2019.

Debt and Borrowing Arrangements

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Debt and Borrowing Arrangements

Note 9. Debt and Borrowing Arrangements

Short-Term Borrowings:

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



	As of March 31, 2019				As of December 31, 2018
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions)				(in millions)
Commercial paper	$	3,532	3.0	%	$	3,054	2.9	%
Bank loans	533		6.5	%	138		10.5	%
Total short-term borrowings	$	4,065			$	3,192

As of March 31, 2019, commercial paper issued and outstanding had between 1 and 81 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 $1.7 billion at March 31, 2019 and $1.7 billion at December 31, 2018. Borrowings on these lines were $533 million at March 31, 2019 and $138 million at December 31, 2018.

Borrowing Arrangements:

On February 27, 2019, 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 26, 2020. The agreement replaces our previous credit agreement that matured on February 27, 2019 and includes the same terms and conditions as our existing $4.5 billion multi-year credit facility discussed below. As of March 31, 2019, no amounts were drawn on the facility.

On February 27, 2019, we entered into 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. This agreement replaces our $4.5 billion amended and restated five-year revolving credit agreement, dated as of October 14, 2016. The revolving credit agreement is scheduled to expire on February 27, 2024. 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), the cumulative effects of any changes in accounting principles and earnings/(losses) recognized in connection with the ongoing application of any mark-to-market accounting for pensions and other retirement plans. At March 31, 2019, we complied with this covenant as our shareholders' equity, as defined by the covenant, was $36.3 billion. The revolving credit facility also contains customary representations, covenants and events to default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security. As of March 31, 2019, no amounts were drawn on the facility.

Long-Term Debt:

On February 13, 2019, we issued $600 million of 3.625% U.S. dollar-denominated, fixed-rate notes that are scheduled to mature February 13, 2026. We received net proceeds of $595 million that were used to repay outstanding commercial paper borrowings and other debt. We recorded approximately $5 million of discounts and deferred financing costs, which will be amortized into interest expense over the life of the notes.

On February 1, 2019, $400 million of our U.S. dollar variable rate 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 2.4% as of March 31, 2019, 2.3% as of December 31, 2018 and 2.1% as of December 31, 2017.

Fair Value of Our Debt:

The fair value of our short-term borrowings at March 31, 2019 and December 31, 2018 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 March 31, 2019, the aggregate fair value of our total debt was $19,944 million and its carrying value was $19,420 million. At December 31, 2018, the aggregate fair value of our total debt was $18,650 million and its carrying value was $18,372 million.

Interest and Other Expense, net:

Interest and other expense, net consisted of:



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Interest expense, debt	$	123		$	102
Loss/(gain) related to interest rate swaps	—			(14		)
Other (income)/expense, net	(43		)	(8		)
Interest and other expense, net	$	80		$	80

Other income includes amounts related to our net investment hedge derivative contracts that are excluded from hedge effectiveness and totaled $33 million for the three months ended March 31, 2019 and $17 million for the three months ended March 31, 2018.

Financial Instruments

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Note 10. Financial Instruments

Fair Value of Derivative Instruments:

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



	As of March 31, 2019				As of December 31, 2018
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)
Derivatives designated as accounting hedges:
Interest rate contracts	$	30	$	307	$	17	$	355
Net investment hedge derivative contracts ⁽¹⁾	350		31		337		28
	$	380	$	338	$	354	$	383
Derivatives not designated as accounting hedges:
Currency exchange contracts	$	69	$	28	$	72	$	37
Commodity contracts	121		133		191		210
	$	190	$	161	$	263	$	247
Total fair value	$	570	$	499	$	617	$	630

(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 9, 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 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 March 31, 2019
	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	$	41		$	—	$	41		$	—
Commodity contracts	(12		)	4		(16		)	—
Interest rate contracts	(277		)	—		(277		)	—
Net investment hedge contracts	319			—		319			—
Total derivatives	$	71		$	4	$	67		$	—



	As of December 31, 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	$	35		$	—		$	35		$	—
Commodity contracts	(19		)	(1		)	(18		)	—
Interest rate contracts	(338		)	—			(338		)	—
Net investment hedge contracts	309			—			309			—
Total derivatives	$	(13	)	$	(1	)	$	(12	)	$	—

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 March 31, 2019		As of December 31, 2018
	(in millions)
Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	2,565	$	3,239
Forecasted transactions	2,617		2,396
Commodity contracts	683		393
Interest rate contracts	7,631		8,679
Net investment hedges:
Net investment hedge derivative contracts	6,685		6,678
Non-U.S. dollar debt designated as net investment hedges
Euro notes	3,438		3,514
British pound sterling notes	343		336
Swiss franc notes	1,407		1,424
Canadian dollar notes	449		440

Cash Flow Hedges:

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



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Accumulated (loss)/gain at beginning of period	$	(167	)	$	(113	)
Transfer of realized (gains)/losses in fair value to earnings	—			(14		)
Unrealized gain/(loss) in fair value	(69		)	(32		)
Accumulated (loss)/gain at end of period	$	(236	)	$	(159	)

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



	For the Three Months Ended March 31,
	2019		2018
	(in millions)
Interest rate contracts	$	—	$	14

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



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Interest rate contracts	$	(69	)	$	(32	)

We recognized a gain of $14 million in the three months ended March 31, 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 losses of $61 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months.

Cash Flow Hedge Coverage:

As of March 31, 2019, our longest dated cash flow hedges were interest rate swaps that hedge forecasted interest rate payments over the next 4 years and 7 months.

Hedges of Net Investments in International Operations:

Net investment hedge derivative contracts:

We enter 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 March 31, 2019 was $6.7 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 $14 million for the three months ended March 31, 2019 and $(11) million for the three months ended March 31, 2018. There were no after-tax gains/(losses) on net investment hedge contracts that settled during the three months ended March 31, 2019 and March 31, 2018. There were no after-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings in the three months ended March 31, 2019 and March 31, 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 $33 million for the three months ended March 31, 2019 and $17 million for the three months ended March 31, 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 March 31,
	2019			2018
	(in millions)
Euro notes	$	58		$	(75	)
British pound sterling notes	(6		)	(13		)
Swiss franc notes	13			(26		)
Canadian notes	(7		)	(2		)

Economic Hedges:

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



	For the Three Months Ended March 31,					Location of Gain/(Loss) Recognized in Earnings
	2019		2018			Location of Gain/(Loss) Recognized in Earnings
	(in millions)
Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	61	$	7		Interest and other expense, net
Forecasted transactions	5		(7		)	Cost of sales
Forecasted transactions	—		(5		)	Interest and other expense, net
Forecasted transactions	—		(3		)	Selling, general and administrative expenses
Commodity contracts	14		149			Cost of sales
Total	$	80	$	141

Benefit Plans

3 Months Ended

Mar. 31, 2019

Retirement Benefits [Abstract]

Benefit Plans

Note 11. 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 March 31,						For the Three Months Ended March 31,
	2019			2018			2019			2018
	(in millions)
Service cost	$	9		$	12		$	31		$	38
Interest cost	16			15			51			52
Expected return on plan assets	(22		)	(22		)	(103		)	(117		)
Amortization:
Net loss from experience differences	5			11			38			42
Prior service cost/(credit)	—			1			(2		)	—
Settlement losses	4			7			—			—
Net periodic pension cost	$	12		$	24		$	15		$	15

Employer Contributions:

During the three months ended March 31, 2019, we contributed $1 million to our U.S. pension plans and $68 million to our non-U.S. pension plans, including $38 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 March 31, 2019, over the remainder of 2019, we plan to make further contributions of approximately $4 million to our U.S. plans and approximately $164 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:

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. All of those collective bargaining agreements expired in 2016 and we continued to contribute to the Fund through 2018.

In the fourth quarter of 2018, we executed a complete withdrawal from the Fund. We estimated a withdrawal liability of $573 million, which represents our best estimate of the withdrawal liability absent an assessment from the Fund. We anticipate receiving an assessment in 2019, 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 over a period of 20 years from the date of the assessment. During the third and fourth quarters of 2018, within our North America segment, we recorded a discounted long-term liability and related charges including accreted interest of $429 million or $321 million net of tax.

Postretirement Benefit Plans

Net periodic postretirement health care benefit consisted of the following:



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Service cost	$	1		$	2
Interest cost	4			4
Amortization:
Net loss from experience differences	2			4
Prior service credit ⁽¹⁾	(10		)	(10		)
Net periodic postretirement health care benefit	$	(3	)	$	—


(1)	Amortization of prior service credit included gains of $8 million for the three months ended March 31, 2019 and March 31, 2018 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 March 31,
	2019			2018
	(in millions)
Service cost	$	1		$	2
Interest cost	1			1
Amortization of net gains	(1		)	(1		)
Net periodic postemployment cost	$	1		$	2

Stock Plans

3 Months Ended

Mar. 31, 2019

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

Stock Plans

Note 12. 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, 2019	43,818,830		$32.36	5 years	$	371	million
Annual grant to eligible employees	4,793,570		47.72
Additional options issued	7,420		47.26
Total options granted	4,800,990		47.72
Options exercised ⁽¹⁾	(6,536,928	)	25.90		$	134	million
Options canceled	(352,913	)	39.13
Balance at March 31, 2019	41,729,979		35.08	6 years	$	619	million


(1)	Cash received from options exercised was $175 million in the three months ended March 31, 2019. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $16 million in the three months ended March 31, 2019.

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, 2019	6,559,010			$42.19
Annual grant to eligible employees:			Feb 22, 2019
Performance share units	891,210			57.91
Deferred stock units	666,880			47.72
Additional shares granted ⁽¹⁾	18,759		Various	41.68
Total shares granted	1,576,849			53.40	$	84	million
Vested ⁽²⁾	(1,557,059	)		36.42	$	57	million
Forfeited ⁽²⁾	(226,017	)		43.75
Balance at March 31, 2019	6,352,783			46.33


(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 $2 million in the three months ended March 31, 2019.

(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, 2019, we had repurchased $15.0 billion of Common Stock pursuant to this authorization. During the three months ended March 31, 2019, we repurchased approximately 15 million shares of Common Stock at an average cost of $44.21 per share, or an aggregate cost of approximately $0.7 billion, all of which was paid during the period except for approximately $20 million settled in April 2019. All share repurchases were funded through available cash and commercial paper issuances. As of March 31, 2019, we have $4.0 billion in remaining share repurchase capacity.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13. 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 ($54 million as of March 31, 2019) 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 ($84 million as of March 31, 2019) plus accrued interest. 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 ($71 million as of March 31, 2019) of allegedly unpaid excise taxes subject to penalties up to an equivalent amount plus accrued interest. Interest will continue to accrue until the matters are resolved. With the implementation of the 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. As part of a continuing appeals process, we may be required to deposit an amount up to the equivalent of the total demand for unpaid excise taxes under the five show cause notices, which will be repaid if the proceedings conclude in our favor. We do not expect to be required to make any such deposit before 2020. 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 (the "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. The parties have reached an agreement in principle to resolve the CFTC action and have been instructed by the Court to submit a proposed consent order reflecting their agreement prior to the next court date on May 28, 2019. 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. We are contesting the plaintiffs' request for class certification. 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. Although the CFTC action and the class action complaints involve the same alleged conduct, a resolution or decision with respect to one of the matters may not be dispositive as to the outcome of the other matter. On August 21, 2018, the Virginia Department of Environmental Quality (“VDEQ”) issued a Notice of Violation (“NOV”) to Mondelēz Global. In the NOV, the VDEQ alleges that in our Richmond bakery, one operating line did not have the proper minimum temperature on its pollution control equipment and that the bakery failed to provide certain observation and training records. The VDEQ indicated that the alleged violations may lead to a fine and/or injunctive relief. We are working with the VDEQ to reach a resolution of this matter, and we do not expect this matter to have a material effect on our financial results. We are a party to various legal proceedings incidental to our business, including those noted above in this section. We record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated. For matters that are reasonably possible to result in an unfavorable outcome, management is unable to estimate the possible loss or range of loss or such amounts have been determined to be immaterial. 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 March 31, 2019, 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.

Reclassifications from Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Reclassifications from Accumulated Other Comprehensive Income

Note 14. 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 $29 million in the first three months of 2019 and $27 million in the first three months of 2018.



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,603	)	$	(7,740	)
Currency translation adjustments	168			163
Tax (expense)/benefit	22			47
Other comprehensive earnings/(losses)	190			210
Less: (earnings)/loss attributable to noncontrolling interests	1			(15		)
Balance at end of period	(8,412		)	(7,545		)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,860	)	$	(2,144	)
Net actuarial gain/(loss) arising during period	(24		)	7
Tax (expense)/benefit on net actuarial gain/(loss)	6			—
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	32			47
Settlement losses and other expenses ⁽¹⁾	4			7
Tax expense/(benefit) on reclassifications ⁽²⁾	(7		)	(13		)
Currency impact	(1		)	(54		)
Other comprehensive earnings/(losses)	10			(6		)
Balance at end of period	(1,850		)	(2,150		)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(167	)	$	(113	)
Net derivative gains/(losses)	(77		)	(29		)
Tax (expense)/benefit on net derivative gain/(loss)	8			—
Losses/(gains) reclassified into net earnings:
Interest rate contracts ⁽³⁾	—			(18		)
Tax expense/(benefit) on reclassifications⁽²⁾	—			4
Currency impact	—			(3		)
Other comprehensive earnings/(losses)	(69		)	(46		)
Balance at end of period	(236		)	(159		)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,630	)	$	(9,997	)
Total other comprehensive earnings/(losses)	131			158
Less: (earnings)/loss attributable to noncontrolling interests	1			(15		)
Other comprehensive earnings/(losses) attributable to Mondelēz International	132			143
Balance at end of period	$	(10,498	)	$	(9,854	)


(1)	These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 11, Benefit Plans.


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

(3)

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

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 15. Income Taxes As of the first quarter of 2019, our estimated annual effective tax rate, which excludes discrete tax impacts, was 25.9%. This reflected the impact of unfavorable foreign provisions under U.S. tax laws and our tax related to earnings from equity method investments (which are reported separately on our statement of earnings and thus not included in earnings before income taxes), partially offset by favorable impacts from the mix of pre-tax income in various non-U.S. jurisdictions. Our effective tax rate for the three months ended March 31, 2019 of 19.4% was favorably impacted by discrete net tax benefits of $63 million, primarily driven by $60 million of benefit from the release of liabilities for uncertain tax positions due to expirations of statutes of limitations and audit settlements in several jurisdictions. As of the first quarter of 2018, our estimated annual effective tax rate, which excluded discrete tax impacts, was 22.5%. This reflected our tax related to earnings from equity method investments (which are reported separately on our statement of earnings and thus not included in earnings before income taxes), partially offset by favorable impacts from the mix of pre-tax income in various non-U.S. jurisdictions. Our effective tax rate for the three months ended March 31, 2018 of 29.1% was unfavorably impacted by net discrete tax expense of $73 million, primarily driven by $94 million of additional transition tax liability recognized as an adjustment to the prior provisional estimate, partially offset by an $18 million benefit from Argentinean refund claim.

Earnings per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings per Share

Note 16. Earnings per Share

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



	For the Three Months Ended March 31,
	2019			2018
	(in millions, except per share data)
Net earnings	$	920		$	1,052
Noncontrolling interest earnings	(6		)	(6		)
Net earnings attributable to Mondelēz International	$	914		$	1,046
Weighted-average shares for basic EPS	1,449			1,489
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares	12			16
Weighted-average shares for diluted EPS	1,461			1,505
Basic earnings per share attributable to Mondelēz International	$	0.63		$	0.70
Diluted earnings per share attributable to Mondelēz International	$	0.63		$	0.70

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options of 6.2 million in the first three months of 2019 and 7.1 million in the first three months of 2018.

Segment Reporting

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Reporting

Note 17. 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.

Our operations and management structure are organized into four operating segments:

• Latin America

• AMEA

• Europe

• North America

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) and amortization of intangibles 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 March 31,
	2019			2018
	(in millions)
Net revenues:
Latin America	$	800		$	891
AMEA	1,541			1,542
Europe	2,551			2,706
North America	1,646			1,626
Net revenues	$	6,538		$	6,765
Earnings before income taxes:
Operating income:
Latin America	$	98		$	126
AMEA	256			228
Europe	500			497
North America	319			275
Unrealized gains on hedging activities (mark-to-market impacts)	16			206
General corporate expenses	(109		)	(64		)
Amortization of intangibles	(44		)	(44		)
Operating income	1,036			1,224
Benefit plan non-service income	17			13
Interest and other expense, net	(80		)	(80		)
Earnings before income taxes	$	973		$	1,157

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 6, Goodwill and Intangible Assets, Note 8, Restructuring Program, and Note 13, Commitments and Contingencies. Also see Note 9, Debt and Borrowing Arrangements, and Note 10, 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 March 31, 2019
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	170	$	461	$	734	$	1,372	$	2,737
Chocolate	230		557		1,360		59		2,206
Gum & Candy	200		225		173		215		813
Beverages	123		172		26		—		321
Cheese & Grocery	77		126		258		—		461
Total net revenues	$	800	$	1,541	$	2,551	$	1,646	$	6,538

	For the Three Months Ended March 31, 2018
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	183	$	442	$	795	$	1,333	$	2,753
Chocolate	243		573		1,423		57		2,296
Gum & Candy	224		235		186		236		881
Beverages	161		172		28		—		361
Cheese & Grocery	80		120		274		—		474
Total net revenues	$	891	$	1,542	$	2,706	$	1,626	$	6,765

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2019
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, 2018.
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 that were deconsolidated in 2015. All intercompany transactions are eliminated. The noncontrolling interest represents the noncontrolling investors' interests in the results of subsidiaries that we control and consolidate. 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 (except for highly inflationary currencies) and realized exchange gains and losses on transactions in earnings. Highly inflationary accounting is triggered when a country’s three-year cumulative inflation rate exceeds 100%. It requires the remeasurement of financial statements of subsidiaries in the country from the functional currency of the subsidiary to our U.S. dollar reporting currency, with currency remeasurement gains or losses recorded in earnings. 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 that indicated that Argentina's three-year cumulative inflation rate exceeded 100%, we concluded that Argentina became a highly inflationary economy for accounting purposes. 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 using the exchange rate as of the balance sheet date, with remeasurement and other transaction gains and losses recorded in net earnings. As of March 31, 2019, our Argentinian operations had $2 million of Argentinian peso denominated net monetary assets. Our Argentinian operations contributed $100 million, or 1.5%, of consolidated net revenues in the three months ended March 31, 2019. During the three months ended March 31, 2019, we recorded a $2 million remeasurement loss within selling, general and administrative expenses related to the revaluation of the Argentinian peso denominated net monetary assets during the quarter. Brexit. In the three months ended March 31, 2019, we generated 9.3% of our consolidated net revenues in the United Kingdom. We continue to monitor the U.K. planned exit from the European Union ("Brexit"), the deadline for which has been extended through October 31, 2019. We continue to take protective measures in response to the potential impacts on our results of operations and financial condition. Following the Brexit vote in June 2016, there was significant volatility in the global stock markets and currency exchange rates. The value of the British pound sterling relative to the U.S. dollar declined significantly and negatively affected our translated results reported in U.S. dollars. If the ultimate terms of the United Kingdom’s separation from the European Union negatively impact the U.K. economy or result in disruptions to sales or our supply chain, the impact to our results of operations and financial condition could be material. We are taking measures to increase our resources in customer service & logistics together with increasing our inventory levels of imported raw materials, packaging and finished goods in the United Kingdom to help us manage through the Brexit transition and the inherent risks. Other Countries. Since we sell our products in over 150 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, 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.
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 $808 million as of March 31, 2019 and $819 million as of December 31, 2018. 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.
Leases	Leases: We determine whether a contract is or contains a lease at contract inception. On January 1, 2019, we began to record operating leases on our condensed consolidated balance sheet. We elected not to recognize right-of-use ("ROU") assets and lease liabilities for short-term operating leases with terms of 12 months or less. As of March 31, 2019, long-term operating lease ROU assets and long-term operating lease liabilities were presented separately and operating lease liabilities payable in the next twelve months were recorded in other current liabilities. Finance lease ROU assets continue to be presented in property, plant and equipment and the related finance lease liabilities continue to be presented in the current portion of long-term debt and long-term debt. Lease ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets are recognized at commencement date at the value of the lease liability, adjusted for any prepayments, lease incentives received and initial direct costs incurred. Lease liabilities are recognized at commencement date based on the present value of remaining lease payments over the lease term. The non-recurring fair value measurement is classified as Level 3 as no fair value inputs are observable. As the rate implicit in the lease is not readily determinable in most of our leases, we use our country-specific incremental borrowing rate based on the lease term using information available at commencement date in determining the present value of lease payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Many of our leases contain non-lease components (e.g. product costs, common-area or other maintenance costs) that relate to the lease components of the agreement. Non-lease components and the lease components to which they relate are accounted for as a single lease component as we have elected to combine lease and non-lease components for all classes of underlying assets. Amortization of ROU lease assets is calculated on a straight-line basis over the lease term with the expense recorded in cost of sales or selling, general and administrative expenses depending on the nature of the leased item. Interest expense is recorded over the lease term and is recorded in interest expense (based on a front-loaded interest expense pattern) for finance leases and is recorded in cost of sales or selling, general and administrative expenses (on a straight-line basis) for operating leases. All operating lease cash payments and interest on finance leases are recorded within cash flows from operating activities and all finance lease principal payments are recorded within cash flows from financing activities in the condensed consolidated statements of cash flows.
New Accounting Pronouncements	New Accounting Pronouncements: In October 2018, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") that permits the use of the Secured Overnight Financing Rate ("SOFR") Overnight Index Swap ("OIS") Rate as a U.S. benchmark interest rate for hedge accounting purposes. We adopted the new standard on January 1, 2019 and there was no material impact to our consolidated financial statements upon adoption. In August 2018, the FASB issued an 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. We adopted the standard as of January 1, 2019 and there was no material impact to our consolidated financial statements upon adoption. 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 did not elect to reclassify these stranded tax effects from U.S. tax reform when we adopted this ASU in the first quarter of 2019. As such, this ASU did not have a material impact on our consolidated financial statements. Our policy is to release stranded tax effects from accumulated other comprehensive income under the portfolio method rather than on an individual item by item basis. 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 10, Financial Instruments, for additional information. In July 2017, the FASB issued an ASU on financial instruments that allows for the exclusion of a down round feature when evaluating whether or not the instrument or embedded feature requires derivative classification. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We adopted the standard as of January 1, 2019 and there was no material impact to our consolidated financial statements upon adoption. In June 2016, the FASB issued an ASU on the measurement of credit losses on financial instruments. This ASU requires entities to measure the impairment of certain financial instruments, including trade receivables, based on expected losses rather than incurred losses. This ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted for financial statement periods beginning after December 15, 2018. We are currently assessing the guidance. This ASU is not expected to have a material impact on our consolidated financial statements. In February 2016, the FASB issued an ASU on lease accounting to increase transparency and comparability among organizations by requiring the recognition of ROU assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. 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 ROU 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 or financing. In July 2018, the FASB issued an ASU that allows for an alternative transition approach, which does 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 adopted the new standard on January 1, 2019. We elected to apply the package of practical expedients that allowed us not to reassess the lease classification and initial direct costs for expired or existing leases or whether expired or existing contracts contain leases. We elected not to separate non-lease components from lease components and to account for both as a single lease component by class of the underlying asset. The impact of adopting the standard included the initial recognition as of January 1, 2019, of $710 million of lease related assets and $730 million of lease related liabilities on our condensed consolidated balance sheet. The transition method we elected for adoption requires a cumulative effect adjustment to retained earnings as of January 1, 2019, which was not material.
Reclassifications	Reclassifications:Certain amounts previously reported have been reclassified to conform to current-year presentation.

- Definition

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

+ References + Details

Inventories (Tables)

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Schedule of Components of Inventories

Inventories consisted of the following:



	As of March 31, 2019			As of December 31, 2018
	(in millions)
Raw materials	$	716		$	726
Finished product	2,025			1,987
	2,741			2,713
Inventory reserves	(121		)	(121		)
Inventories, net	$	2,620		$	2,592

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Schedule of Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:



	As of March 31, 2019			As of December 31, 2018
	(in millions)
Land and land improvements	$	423		$	424
Buildings and building improvements	3,006			2,984
Machinery and equipment	11,083			10,943
Construction in progress	863			894
	15,375			15,245
Accumulated depreciation	(6,855		)	(6,763		)
Property, plant and equipment, net	$	8,520		$	8,482

Schedule of Restructuring Charges Related to Property, Plant and Equipment



	For the Three Months Ended March 31,
	2019		2018
	(in millions)
Latin America	$	—	$	8
AMEA	1		4
Europe	1		5
North America	3		6
Non-cash property, plant and equipment write-downs	$	5	$	23



	Latin America		AMEA		Europe		North America ⁽¹⁾		Corporate ⁽²⁾		Total
	(in millions)
For the Three Months Ended March 31, 2019
Restructuring Costs	$	—	$	6	$	—	$	6	$	8	$	20
Implementation Costs	15		7		11		4		13		50
Total	$	15	$	13	$	11	$	10	$	21	$	70
For the Three Months Ended March 31, 2018
Restructuring Costs	$	24	$	6	$	7	$	12	$	3	$	52
Implementation Costs	15		12		16		17		2		62
Total	$	39	$	18	$	23	$	29	$	5	$	114
Total Project ⁽³⁾
Restructuring Costs	$	493	$	523	$	971	$	459	$	124	$	2,570
Implementation Costs	234		175		356		336		291		1,392
Total	$	727	$	698	$	1,327	$	795	$	415	$	3,962


(1)	During 2019 and 2018, 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)	The Corporate column includes minor adjustments for rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through March 31, 2019.

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Components of Lease Costs and Supplemental Cash Flow Information

The components of lease costs were as follows:



	For the Three Months Ended March 31, 2019
	(in millions)
Operating lease cost	$	59

Finance lease cost:
Amortization of right-of-use assets	4
Interest on lease liabilities	1

Short-term lease cost	9
Variable lease cost	100
Sublease income	(1		)

Total lease cost	$	172

Supplemental cash flow information related to leases was as follows:



	For the Three Months Ended March 31, 2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(72	)
Operating cash flows from finance leases	—
Financing cash flows from finance leases	(3		)

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	26
Finance leases	7

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:



	As of March 31, 2019
	(in millions)
Operating Leases:
Operating lease right-of-use assets, net of amortization	$	636

Other current liabilities	$	179
Operating lease liabilities	470
Total operating lease liabilities	$	649

Finance Leases:
Finance leases, net of amortization (within property, plant & equipment)	$	53

Other current liabilities	$	18
Other long-term liabilities	37
Total finance lease liabilities	$	55

Weighted Average Remaining Lease Term
Operating leases	5.4 years
Finance leases	2.9 years

Weighted Average Discount Rate
Operating leases	3.6%
Finance leases	5.2%

Schedule of Future Lease Payments Under Non-cancelable Operating Leases



	As of March 31, 2019						As of December 31, 2018
	ASC 842						ASC 840
	Operating Leases			Finance Leases			Operating Leases
	(in millions)
Year Ending December 31:
2019 (excluding the three months ended March 31, 2019)	$	159		$	16
2019							$	208
2020	179			21			165
2021	125			14			114
2022	88			5			79
2023	65			2			57
Thereafter	118			—			157
Total future undiscounted lease payments	$	734		$	58		$	780
Less imputed interest	(85		)	(3		)
Total reported lease liability	$	649		$	55

Schedule of Future Lease Payments Under Non-cancelable Finance Leases



	As of March 31, 2019						As of December 31, 2018
	ASC 842						ASC 840
	Operating Leases			Finance Leases			Operating Leases
	(in millions)
Year Ending December 31:
2019 (excluding the three months ended March 31, 2019)	$	159		$	16
2019							$	208
2020	179			21			165
2021	125			14			114
2022	88			5			79
2023	65			2			57
Thereafter	118			—			157
Total future undiscounted lease payments	$	734		$	58		$	780
Less imputed interest	(85		)	(3		)
Total reported lease liability	$	649		$	55

Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

Goodwill by segment was:



	As of March 31, 2019		As of December 31, 2018
	(in millions)
Latin America	$	822	$	823
AMEA	3,237		3,210
Europe	7,440		7,519
North America	9,187		9,173
Goodwill	$	20,686	$	20,725

Schedule of Intangible Assets Disclosure

Intangible assets consisted of the following:



	As of March 31, 2019			As of December 31, 2018
	(in millions)
Non-amortizable intangible assets	$	17,200		$	17,201
Amortizable intangible assets	2,330			2,328
	19,530			19,529
Accumulated amortization	(1,572		)	(1,527		)
Intangible assets, net	$	17,958		$	18,002

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	$	20,725		$	19,529
Currency	(39		)	1
Balance at March 31, 2019	$	20,686		$	19,530

Equity Method Investments (Tables)

3 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

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



	For the Three Months Ended March 31, 2018
	As Reported			As Adjusted
	(in millions)
Statements of Earnings
Provision for income taxes	$	(307	)	$	(337	)
Equity method investment net earnings	94			232
Net earnings	944			1,052
Net earnings attributable to Mondelēz International	938			1,046
Earnings per share attributable to Mondelēz International:
Basic EPS	$	0.63		$	0.70
Diluted EPS	$	0.62		$	0.70

Statements of Other Comprehensive Earnings
Currency translation adjustment	$	207		$	210
Total other comprehensive earnings/(losses)	155			158
Comprehensive earnings attributable to Mondelēz International	1,078			1,189

Restructuring Program (Tables)

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the three months ended March 31, 2019 was:



	Severance and related costs			Asset Write-downs			Total
	(in millions)
Liability balance, January 1, 2019	$	373		$	—		$	373
Charges	15			5			20
Cash spent	(53		)	—			(53		)
Non-cash settlements/adjustments ⁽¹⁾	(24		)	(5		)	(29		)
Currency	(4		)	—			(4		)
Liability balance, March 31, 2019	$	307		$	—		$	307


(1)	We adopted the new ASU on lease accounting as of January 1, 2019. The ASU revises the accounting for onerous leases such that any onerous lease liability should be netted with the right of use asset. Therefore, we reclassified $23 million onerous lease liability as of March 31, 2019 from accrued liabilities and other accrued liabilities to operating lease right of use assets.

Schedule of Restructuring and Implementation Costs by Segment



	For the Three Months Ended March 31,
	2019		2018
	(in millions)
Latin America	$	—	$	8
AMEA	1		4
Europe	1		5
North America	3		6
Non-cash property, plant and equipment write-downs	$	5	$	23



	Latin America		AMEA		Europe		North America ⁽¹⁾		Corporate ⁽²⁾		Total
	(in millions)
For the Three Months Ended March 31, 2019
Restructuring Costs	$	—	$	6	$	—	$	6	$	8	$	20
Implementation Costs	15		7		11		4		13		50
Total	$	15	$	13	$	11	$	10	$	21	$	70
For the Three Months Ended March 31, 2018
Restructuring Costs	$	24	$	6	$	7	$	12	$	3	$	52
Implementation Costs	15		12		16		17		2		62
Total	$	39	$	18	$	23	$	29	$	5	$	114
Total Project ⁽³⁾
Restructuring Costs	$	493	$	523	$	971	$	459	$	124	$	2,570
Implementation Costs	234		175		356		336		291		1,392
Total	$	727	$	698	$	1,327	$	795	$	415	$	3,962


(1)	During 2019 and 2018, 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)	The Corporate column includes minor adjustments for rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through March 31, 2019.

Debt and Borrowing Arrangements (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019				As of December 31, 2018
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions)				(in millions)
Commercial paper	$	3,532	3.0	%	$	3,054	2.9	%
Bank loans	533		6.5	%	138		10.5	%
Total short-term borrowings	$	4,065			$	3,192

Schedule of Interest and Other Expense

Interest and other expense, net consisted of:



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Interest expense, debt	$	123		$	102
Loss/(gain) related to interest rate swaps	—			(14		)
Other (income)/expense, net	(43		)	(8		)
Interest and other expense, net	$	80		$	80

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31,					Location of Gain/(Loss) Recognized in Earnings
	2019		2018			Location of Gain/(Loss) Recognized in Earnings
	(in millions)
Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	61	$	7		Interest and other expense, net
Forecasted transactions	5		(7		)	Cost of sales
Forecasted transactions	—		(5		)	Interest and other expense, net
Forecasted transactions	—		(3		)	Selling, general and administrative expenses
Commodity contracts	14		149			Cost of sales
Total	$	80	$	141

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 March 31,
	2019			2018
	(in millions)
Accumulated (loss)/gain at beginning of period	$	(167	)	$	(113	)
Transfer of realized (gains)/losses in fair value to earnings	—			(14		)
Unrealized gain/(loss) in fair value	(69		)	(32		)
Accumulated (loss)/gain at end of period	$	(236	)	$	(159	)

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 March 31,
	2019		2018
	(in millions)
Interest rate contracts	$	—	$	14

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



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Interest rate contracts	$	(69	)	$	(32	)

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 March 31,
	2019			2018
	(in millions)
Euro notes	$	58		$	(75	)
British pound sterling notes	(6		)	(13		)
Swiss franc notes	13			(26		)
Canadian notes	(7		)	(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 March 31, 2019				As of December 31, 2018
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)
Derivatives designated as accounting hedges:
Interest rate contracts	$	30	$	307	$	17	$	355
Net investment hedge derivative contracts ⁽¹⁾	350		31		337		28
	$	380	$	338	$	354	$	383
Derivatives not designated as accounting hedges:
Currency exchange contracts	$	69	$	28	$	72	$	37
Commodity contracts	121		133		191		210
	$	190	$	161	$	263	$	247
Total fair value	$	570	$	499	$	617	$	630

(1)

Schedule of Derivative Instruments Fair Value and Measurement Inputs

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



	As of March 31, 2019
	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	$	41		$	—	$	41		$	—
Commodity contracts	(12		)	4		(16		)	—
Interest rate contracts	(277		)	—		(277		)	—
Net investment hedge contracts	319			—		319			—
Total derivatives	$	71		$	4	$	67		$	—



	As of December 31, 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	$	35		$	—		$	35		$	—
Commodity contracts	(19		)	(1		)	(18		)	—
Interest rate contracts	(338		)	—			(338		)	—
Net investment hedge contracts	309			—			309			—
Total derivatives	$	(13	)	$	(1	)	$	(12	)	$	—

Schedule of Notional Values of Derivative Instruments

The net notional values of our hedging instruments were:



	Notional Amount
	As of March 31, 2019		As of December 31, 2018
	(in millions)
Currency exchange contracts:
Intercompany loans and forecasted interest payments	$	2,565	$	3,239
Forecasted transactions	2,617		2,396
Commodity contracts	683		393
Interest rate contracts	7,631		8,679
Net investment hedges:
Net investment hedge derivative contracts	6,685		6,678
Non-U.S. dollar debt designated as net investment hedges
Euro notes	3,438		3,514
British pound sterling notes	343		336
Swiss franc notes	1,407		1,424
Canadian dollar notes	449		440

Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2019

Pension Plans

Defined Benefit Plan Disclosure [Line Items]

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 March 31,						For the Three Months Ended March 31,
	2019			2018			2019			2018
	(in millions)
Service cost	$	9		$	12		$	31		$	38
Interest cost	16			15			51			52
Expected return on plan assets	(22		)	(22		)	(103		)	(117		)
Amortization:
Net loss from experience differences	5			11			38			42
Prior service cost/(credit)	—			1			(2		)	—
Settlement losses	4			7			—			—
Net periodic pension cost	$	12		$	24		$	15		$	15

Postretirement Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Components of Net Costs

Net periodic postretirement health care benefit consisted of the following:



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Service cost	$	1		$	2
Interest cost	4			4
Amortization:
Net loss from experience differences	2			4
Prior service credit ⁽¹⁾	(10		)	(10		)
Net periodic postretirement health care benefit	$	(3	)	$	—

(1)

Amortization of prior service credit included gains of $8 million for the three months ended March 31, 2019 and March 31, 2018 related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants.

Postemployment Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Components of Net Costs

Net periodic postemployment cost consisted of the following:



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Service cost	$	1		$	2
Interest cost	1			1
Amortization of net gains	(1		)	(1		)
Net periodic postemployment cost	$	1		$	2

Stock Plans (Tables)

3 Months Ended

Mar. 31, 2019

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, 2019	43,818,830		$32.36	5 years	$	371	million
Annual grant to eligible employees	4,793,570		47.72
Additional options issued	7,420		47.26
Total options granted	4,800,990		47.72
Options exercised ⁽¹⁾	(6,536,928	)	25.90		$	134	million
Options canceled	(352,913	)	39.13
Balance at March 31, 2019	41,729,979		35.08	6 years	$	619	million

(1)

Cash received from options exercised was $175 million in the three months ended March 31, 2019. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $16 million in the three months ended March 31, 2019.

Performance Share Units and Other Stock-Based Awards

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, 2019	6,559,010			$42.19
Annual grant to eligible employees:			Feb 22, 2019
Performance share units	891,210			57.91
Deferred stock units	666,880			47.72
Additional shares granted ⁽¹⁾	18,759		Various	41.68
Total shares granted	1,576,849			53.40	$	84	million
Vested ⁽²⁾	(1,557,059	)		36.42	$	57	million
Forfeited ⁽²⁾	(226,017	)		43.75
Balance at March 31, 2019	6,352,783			46.33


(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 $2 million in the three months ended March 31, 2019.

(3)

Reclassifications from Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

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



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,603	)	$	(7,740	)
Currency translation adjustments	168			163
Tax (expense)/benefit	22			47
Other comprehensive earnings/(losses)	190			210
Less: (earnings)/loss attributable to noncontrolling interests	1			(15		)
Balance at end of period	(8,412		)	(7,545		)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,860	)	$	(2,144	)
Net actuarial gain/(loss) arising during period	(24		)	7
Tax (expense)/benefit on net actuarial gain/(loss)	6			—
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs ⁽¹⁾	32			47
Settlement losses and other expenses ⁽¹⁾	4			7
Tax expense/(benefit) on reclassifications ⁽²⁾	(7		)	(13		)
Currency impact	(1		)	(54		)
Other comprehensive earnings/(losses)	10			(6		)
Balance at end of period	(1,850		)	(2,150		)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(167	)	$	(113	)
Net derivative gains/(losses)	(77		)	(29		)
Tax (expense)/benefit on net derivative gain/(loss)	8			—
Losses/(gains) reclassified into net earnings:
Interest rate contracts ⁽³⁾	—			(18		)
Tax expense/(benefit) on reclassifications⁽²⁾	—			4
Currency impact	—			(3		)
Other comprehensive earnings/(losses)	(69		)	(46		)
Balance at end of period	(236		)	(159		)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,630	)	$	(9,997	)
Total other comprehensive earnings/(losses)	131			158
Less: (earnings)/loss attributable to noncontrolling interests	1			(15		)
Other comprehensive earnings/(losses) attributable to Mondelēz International	132			143
Balance at end of period	$	(10,498	)	$	(9,854	)


(1)	These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 11, Benefit Plans.


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

(3)

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

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31,
	2019			2018
	(in millions, except per share data)
Net earnings	$	920		$	1,052
Noncontrolling interest earnings	(6		)	(6		)
Net earnings attributable to Mondelēz International	$	914		$	1,046
Weighted-average shares for basic EPS	1,449			1,489
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares	12			16
Weighted-average shares for diluted EPS	1,461			1,505
Basic earnings per share attributable to Mondelēz International	$	0.63		$	0.70
Diluted earnings per share attributable to Mondelēz International	$	0.63		$	0.70

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:



	For the Three Months Ended March 31,
	2019			2018
	(in millions)
Net revenues:
Latin America	$	800		$	891
AMEA	1,541			1,542
Europe	2,551			2,706
North America	1,646			1,626
Net revenues	$	6,538		$	6,765
Earnings before income taxes:
Operating income:
Latin America	$	98		$	126
AMEA	256			228
Europe	500			497
North America	319			275
Unrealized gains on hedging activities (mark-to-market impacts)	16			206
General corporate expenses	(109		)	(64		)
Amortization of intangibles	(44		)	(44		)
Operating income	1,036			1,224
Benefit plan non-service income	17			13
Interest and other expense, net	(80		)	(80		)
Earnings before income taxes	$	973		$	1,157

Schedule of Net Revenues by Product Category

Net revenues by product category were:



	For the Three Months Ended March 31, 2019
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	170	$	461	$	734	$	1,372	$	2,737
Chocolate	230		557		1,360		59		2,206
Gum & Candy	200		225		173		215		813
Beverages	123		172		26		—		321
Cheese & Grocery	77		126		258		—		461
Total net revenues	$	800	$	1,541	$	2,551	$	1,646	$	6,538

	For the Three Months Ended March 31, 2018
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	183	$	442	$	795	$	1,333	$	2,753
Chocolate	243		573		1,423		57		2,296
Gum & Candy	224		235		186		236		881
Beverages	161		172		28		—		361
Cheese & Grocery	80		120		274		—		474
Total net revenues	$	891	$	1,542	$	2,706	$	1,626	$	6,765

Basis of Presentation (Details) $ in Millions	3 Months Ended
Basis of Presentation (Details) $ in Millions	Mar. 31, 2019 USD ($) country	Mar. 31, 2018 USD ($)	Jan. 01, 2019 USD ($)	Dec. 31, 2018 USD ($)
Summary of Significant Accounting Policies [Line Items]
Net revenues	$ 6,538	$ 6,765
Number of countries in which products are sold (more than) \| country	150
Number of countries in which entity operates (more than) \| country	80
Outstanding principal amount of receivables sold under factoring arrangement	$ 808			$ 819
ASU 2016-02
Summary of Significant Accounting Policies [Line Items]
Lease related assets			$ 710
Lease related liabilities			$ 730
Argentina
Summary of Significant Accounting Policies [Line Items]
Net monetary assets position	2
Net revenues	$ 100
Percentage of consolidated net revenues	1.50%
Argentina \| Selling, general and administrative expenses
Summary of Significant Accounting Policies [Line Items]
Remeasurement loss due to inflationary accounting	$ 2
U.K. \| Geographic Concentration Risk \| Net Revenues
Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	9.30%

Divestitures and Acquisitions (Details) - USD ($) $ in Millions		3 Months Ended
	Jun. 07, 2018	Mar. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill		$ 20,686	$ 20,725
North America
Business Acquisition [Line Items]
Goodwill		9,187	$ 9,173
Tate’s Bake Shop \| North America
Business Acquisition [Line Items]
Payment to acquire business, net of cash received	$ 528
Definite-lived intangibles assets acquired		45
Indefinite-lived intangibles assets acquired		205
Goodwill		298
Property, plant, and equipment acquired		16
Inventory acquired		5
Accounts receivable acquired		9
Current liabilities assumed		6
Deferred tax liabilities assumed		44
Incremental revenues from acquisition		20
Incremental operating income from acquisition		$ 2

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 716	$ 726
Finished product	2,025	1,987
Inventories, gross	2,741	2,713
Inventory reserves	(121)	(121)
Inventories, net	$ 2,620	$ 2,592

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 15,375	$ 15,245
Accumulated depreciation	(6,855)	(6,763)
Property, plant and equipment, net	8,520	8,482
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	423	424
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,006	2,984
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,083	10,943
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 863	$ 894

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Capital expenditures	$ 265	$ 284
Accrued capital expenditures unpaid	218	252
Payments for capital expenditures accrued in the prior year	$ 331	$ 357

Property, Plant and Equipment - Asset Impairment and Exit Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	$ 5	$ 28
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	23
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	0	8
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	1	4
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	1	5
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	$ 3	$ 6

Leases - Additional Information (Details) $ in Millions	3 Months Ended
Leases - Additional Information (Details) $ in Millions	Mar. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Option to extend leases	6 years
Amount of operating lease contracts not yet commenced	$ 44
Term of operating lease contracts not yet commenced	15 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining term of leases	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining term of leases	9 years

Leases - Operating Lease Costs (Details) $ in Millions	3 Months Ended
Leases - Operating Lease Costs (Details) $ in Millions	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating lease cost	$ 59
Amortization of right-of-use assets	4
Interest on lease liabilities	1
Short-term lease cost	9
Variable lease cost	100
Sublease income	(1)
Total lease cost	$ 172

Leases - Supplemental Cash Flow Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ (72)
Operating cash flows from finance leases	0
Financing cash flows from finance leases	(3)
Operating leases	26
Finance leases	$ 7

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Total operating lease liabilities	$ 636	$ 0
Other current liabilities	179
Operating lease liabilities	470	$ 0
Total operating lease liabilities	649
Finance leases, net of amortization (within property, plant & equipment)	53
Other current liabilities	18
Other long-term liabilities	37
Total finance lease liabilities	$ 55
Operating leases, weighted average remaining lease term	5 years 4 months 24 days
Finance leases, weighted average remaining lease term	2 years 10 months 24 days
Operating leases, weighted average discount rate	3.60%
Finance leases, weighted average discount rate	5.20%

Leases - Future Lease Payments Under Non-cancelable Leases (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
ASC 842 Operating Leases
2019	$ 159
2020	179
2021	125
2022	88
2023	65
Thereafter	118
Total future undiscounted lease payments	734
Less imputed interest	(85)
Total operating lease liabilities	649
ASC 842 Finance Leases
2019	16
2020	21
2021	14
2022	5
2023	2
Thereafter	0
Total future undiscounted lease payments	58
Less imputed interest	(3)
Total finance lease liabilities	$ 55
ASC 840 Operating Leases
2019		$ 208
2020		165
2021		114
2022		79
2023		57
Thereafter		157
Total future undiscounted lease payments		$ 780

Goodwill and Intangible Assets - Goodwill by Segment (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Goodwill	$ 20,686	$ 20,725
Latin America
Segment Reporting Information [Line Items]
Goodwill	822	823
AMEA
Segment Reporting Information [Line Items]
Goodwill	3,237	3,210
Europe
Segment Reporting Information [Line Items]
Goodwill	7,440	7,519
North America
Segment Reporting Information [Line Items]
Goodwill	$ 9,187	$ 9,173

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Non-amortizable intangible assets	$ 17,200	$ 17,201
Amortizable intangible assets	2,330	2,328
Total intangible assets, gross	19,530	19,529
Accumulated amortization	(1,572)	(1,527)
Intangible assets, net	$ 17,958	$ 18,002

Goodwill and Intangible Assets - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($) brand	Sep. 30, 2018 USD ($) brand	Mar. 31, 2018 USD ($)
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense for intangible assets	$ 44		$ 44
Estimated amortization expense in year 1	175
Estimated amortization expense in year 2	175
Estimated amortization expense in year 3	85
Estimated amortization expense in year 4	85
Estimated amortization expense in year 5	$ 85
Trademarks
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairments		$ 68
Number of impaired trademarks \| brand	5	5
Number of trademarks with fair value in excess of book value, 10% or less \| brand	7
Book value of trademarks with fair value in excess of book value, 10% or less	$ 537
Europe \| Trademarks \| Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairments		$ 45
North America \| Trademarks \| Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairments		14
AMEA \| Trademarks \| Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairments		$ 9

Goodwill and Intangible Assets - Changes in Goodwill and Intangible Assets (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Goodwill
Balance at January 1, 2018	$ 20,725
Currency	(39)
Balance at March 31, 2019	20,686
Intangible Assets, at cost
Balance at January 1, 2018	19,529
Currency	1
Balance at March 31, 2018	$ 19,530

Equity Method Investments - Additional Information (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019 USD ($) director	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)	Jul. 09, 2018
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 7,004		$ 7,123
Equity method investment net earnings	113	$ 232
Pre-tax gain on equity method investment transaction	$ 23	0
JDE
Schedule of Equity Method Investments [Line Items]
Equity method investment, voting interest percentage	26.50%
Equity method investment, ownership percentage	26.40%
Equity method investment, profit and dividend sharing interest percentage	26.20%
Cash dividends received from equity method investments	$ 73	73
JDE \| Equity Earnings
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings	$ 50	46
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			778
Deferred tax expense related to gain on equity method investment transaction			192
After-tax gain on equity method investment transaction			$ 586
Number of director positions \| director	2
KDP
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	13.60%		13.80%
Pre-tax gain related to the impact of a KDP acquisition that decreased the Company's ownership interest	$ 23
Cash dividends received from equity method investments	29	3
Fair value of ownership interest based on closing stock price	5,400
KDP \| Equity Earnings
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings	$ 37	154
KDP \| Shareholder Loan Interest Income
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings		$ 6

Equity Method Investments - Impact of Change in Accounting Principle on Consolidated Financial Statements (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statements of Earnings
Provision for income taxes	$ (189)	$ (337)
Equity method investment net earnings	113	232
Net earnings	920	1,052
Net earnings attributable to Mondelēz International	$ 914	$ 1,046
Earnings per share attributable to Mondelēz International:
Basic EPS (in dollars per share)	$ 0.63	$ 0.70
Diluted EPS (in dollars per share)	$ 0.63	$ 0.70
Statements of Other Comprehensive Earnings
Currency translation adjustment	$ 190	$ 210
Total other comprehensive earnings/(losses)	131	158
Comprehensive earnings/(losses) attributable to Mondelēz International	$ 1,046	1,189
Change in Accounting Method Accounted of Earnings in Equity Method Investments [Member] \| As Reported
Statements of Earnings
Provision for income taxes		(307)
Equity method investment net earnings		94
Net earnings		944
Net earnings attributable to Mondelēz International		$ 938
Earnings per share attributable to Mondelēz International:
Basic EPS (in dollars per share)		$ 0.63
Diluted EPS (in dollars per share)		$ 0.62
Statements of Other Comprehensive Earnings
Currency translation adjustment		$ 207
Total other comprehensive earnings/(losses)		155
Comprehensive earnings/(losses) attributable to Mondelēz International		$ 1,078

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

3 Months Ended

59 Months Ended

Sep. 06, 2018

Aug. 31, 2016

May 06, 2014

Mar. 31, 2019

Mar. 31, 2018

Mar. 31, 2019

Dec. 31, 2018

2014-2018 Restructuring Program

Restructuring Cost and Reserve [Line Items]

Approved restructuring program cost

$ 5,700

$ 3,500

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

600

2014-2018 Restructuring Program | Maximum

Restructuring Cost and Reserve [Line Items]

Approved capital expenditures

1,600

$ 2,200

2014-2018 Restructuring Program | Restructuring Program Charges

Restructuring Cost and Reserve [Line Items]

Approved restructuring program cost

4,100

2014-2018 Restructuring Program | Cash Costs

Restructuring Cost and Reserve [Line Items]

Approved restructuring program cost

3,100

2014-2018 Restructuring Program | Non-cash Costs

Restructuring Cost and Reserve [Line Items]

Approved restructuring program cost

$ 1,000

Simplify to Grow Program

Restructuring Cost and Reserve [Line Items]

Approved restructuring program cost

$ 7,700

Restructuring and implementation charges

$ 70

$ 114

$ 3,962

^[1]

Restructuring charges

2,570

^[1]

Cash spent in restructuring

(53)

Non-cash asset write-downs

(29)

^[2]

(25)

Restructuring reserve

307

$ 373

Implementation costs

1,392

^[1]

Simplify to Grow Program | Maximum

Restructuring Cost and Reserve [Line Items]

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

Restructuring Cost and Reserve [Line Items]

Restructuring reserve

261

Simplify to Grow Program | Other liabilities

Restructuring Cost and Reserve [Line Items]

Restructuring reserve

Simplify to Grow Program | Restructuring Program Charges

Restructuring Cost and Reserve [Line Items]

Approved restructuring program cost

5,400

Simplify to Grow Program | Cash Costs

Restructuring Cost and Reserve [Line Items]

Approved restructuring program cost

4,100

Simplify to Grow Program | Non-cash Costs

Restructuring Cost and Reserve [Line Items]

Approved restructuring program cost

$ 1,300

Simplify to Grow Program | Severance and Related Costs

Restructuring Cost and Reserve [Line Items]

Restructuring charges

Cash spent in restructuring

(53)

$ (79)

Non-cash asset write-downs

^[2]

(24)

Restructuring reserve

$ 307

$ 373

[1]	Includes all charges recorded since program inception on May 6, 2014 through March 31, 2019.
[2]	During 2019 and 2018, 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.

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

3 Months Ended

59 Months Ended

Mar. 31, 2019

Mar. 31, 2018

Mar. 31, 2019

Restructuring Reserve [Roll Forward]

Liability balance, January 1, 2019

$ 373

Charges

$ 52

$ 2,570

^[1]

Cash spent

(53)

Non-cash settlements/adjustments

(29)

^[2]

(25)

Currency

(4)

Liability balance, March 31, 2019

307

ASU 2016-02

Restructuring Reserve [Roll Forward]

Non-cash settlements/adjustments

^[2]

Severance and related costs

Restructuring Reserve [Roll Forward]

Liability balance, January 1, 2019

373

Charges

Cash spent

(53)

$ (79)

Non-cash settlements/adjustments

^[2]

(24)

Currency

(4)

Liability balance, March 31, 2019

307

Asset Write-downs

Restructuring Reserve [Roll Forward]

Liability balance, January 1, 2019

Charges

Cash spent

Non-cash settlements/adjustments

^[2]

(5)

Currency

Liability balance, March 31, 2019

$ 0

[1]	Includes all charges recorded since program inception on May 6, 2014 through March 31, 2019.
[2]	During 2019 and 2018, 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.

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

3 Months Ended

59 Months Ended

Mar. 31, 2019

Mar. 31, 2018

Mar. 31, 2019

^[1]

Restructuring Cost and Reserve [Line Items]

Restructuring Costs

$ 20

$ 52

$ 2,570

Implementation Costs

1,392

Total

114

3,962

Operating Segments | Latin America

Restructuring Cost and Reserve [Line Items]

Restructuring Costs

493

Implementation Costs

234

Total

727

Operating Segments | AMEA

Restructuring Cost and Reserve [Line Items]

Restructuring Costs

523

Implementation Costs

175

Total

698

Operating Segments | Europe

Restructuring Cost and Reserve [Line Items]

Restructuring Costs

971

Implementation Costs

356

Total

1,327

Operating Segments | North America

Restructuring Cost and Reserve [Line Items]

Restructuring Costs

^[2]

459

Implementation Costs

^[2]

336

Total

^[2]

795

Corporate

Restructuring Cost and Reserve [Line Items]

Restructuring Costs

^[3]

124

Implementation Costs

^[3]

291

Total

^[3]

$ 21

$ 5

$ 415

[1]	Includes all charges recorded since program inception on May 6, 2014 through March 31, 2019.
[2]	During 2019 and 2018, 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]	The Corporate column includes minor adjustments for rounding.

Debt and Borrowing Arrangements - Short-Term Borrowings and Related Weighted-Average Interest Rates (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Amount Outstanding	$ 4,065	$ 3,192
Commercial paper
Short-term Debt [Line Items]
Amount Outstanding	$ 3,532	$ 3,054
Weighted-Average Rate	3.00%	2.90%
Bank loans
Short-term Debt [Line Items]
Amount Outstanding	$ 533	$ 138
Weighted-Average Rate	6.50%	10.50%

Debt and Borrowing Arrangements - Additional Information (Details) - USD ($)					3 Months Ended
	Feb. 27, 2019	Feb. 13, 2019	Feb. 01, 2019	Oct. 14, 2016	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Short-term borrowings					$ 4,065,000,000		$ 3,192,000,000
Long-term debt proceeds					597,000,000	$ 463,000,000
Long-term debt matured					$ 403,000,000	$ 738,000,000
Weighted-average interest rate of total debt					2.40%		2.30%	2.10%
Fair value of total debt					$ 19,944,000,000		$ 18,650,000,000
Carrying value of total debt					19,420,000,000		18,372,000,000
International Subsidiaries
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity					1,700,000,000		1,700,000,000
Revolving Credit Facility October 2016
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity				$ 4,500,000,000
Line of credit, expiration period				5 years
Line of Credit \| Revolving Credit Facility \| Multi-year Senior Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 4,500,000,000
Total shareholders' equity, excluding accumulated other comprehensive earnings/(losses)	24,600,000,000				36,300,000,000
Line of credit facility outstanding amount					0
Notes Payable \| 3.625% U.S. dollar-denominated Fixed-rate Notes Due May 2023
Debt Instrument [Line Items]
Debt issued		$ 600,000,000
Debt instrument, interest rate		3.625%
Long-term debt proceeds		$ 595,000,000
Discounts and deferred financing costs		$ 5,000,000
Notes Payable \| 2.863% U.S. dollar-denominated Variable Rate Notes
Debt Instrument [Line Items]
Long-term debt matured			$ 400,000,000
Commercial paper
Debt Instrument [Line Items]
Short-term borrowings					$ 3,532,000,000		3,054,000,000
Commercial paper \| Minimum
Debt Instrument [Line Items]
Commercial paper, maturity period					1 day
Commercial paper \| Maximum
Debt Instrument [Line Items]
Commercial paper, maturity period					81 days
Commercial paper \| Revolving Credit Facility \| 364-Day Senior Unsecured Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 1,500,000,000
Line of credit, expiration period	364 days
Amounts drawn on the facility					$ 0
Line of Credit
Debt Instrument [Line Items]
Short-term borrowings					$ 533,000,000		$ 138,000,000

Debt and Borrowing Arrangements - Interest and Other Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Debt Disclosure [Abstract]
Interest expense, debt	$ 123	$ 102
Loss/(gain) related to interest rate swaps	0	(14)
Other (income)/expense, net	(43)	(8)
Interest and other expense, net	80	80
Net investment hedge debt \| Net investment hedge derivative contracts
Debt Instrument [Line Items]
Gains (losses) included in other income related to hedge ineffectiveness	$ 33	$ 17

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

Mar. 31, 2019

Dec. 31, 2018

Derivatives, Fair Value [Line Items]

Asset Derivatives

$ 570

$ 617

Liability Derivatives

499

630

Derivatives Designated as Hedging Instruments

Derivatives, Fair Value [Line Items]

Asset Derivatives

380

354

Liability Derivatives

338

383

Derivatives Designated as Hedging Instruments | Interest rate contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

Liability Derivatives

307

355

Derivatives Designated as Hedging Instruments | Net investment hedge derivative contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

^[1]

350

337

Liability Derivatives

^[1]

Derivatives Not Designated as Hedging Instruments

Derivatives, Fair Value [Line Items]

Asset Derivatives

190

263

Liability Derivatives

161

247

Derivatives Not Designated as Hedging Instruments | Currency exchange contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

Liability Derivatives

Derivatives Not Designated as Hedging Instruments | Commodity contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

121

191

Liability Derivatives

$ 133

$ 210

[1]

Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) related to interest rate swaps	$ 0	$ 14,000,000
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative gains/(losses)	(69,000,000)	(32,000,000)
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	14,000,000
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	7,631,000,000		$ 8,679,000,000
Interest rate contracts \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized losses to earnings, within next 12 months or less	$ 61,000,000
Hedged forecasted transaction period	4 years 7 months
Net derivative gains/(losses)	$ (69,000,000)	(32,000,000)
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	14,000,000
Net investment hedge contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	6,685,000,000		$ 6,678,000,000
Net derivative gains/(losses)	14,000,000	(11,000,000)
After-tax gains/(losses) on net investment contracts settled recorded as cumulative translation adjustment in other comprehensive income	0
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	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	$ 33,000,000	$ 17,000,000

Financial Instruments - Notional Values of Hedging Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Net investment hedge debt \| Euro notes
Derivative [Line Items]
Notional Amount	$ 3,438	$ 3,514
Net investment hedge debt \| British pound sterling notes
Derivative [Line Items]
Notional Amount	343	336
Net investment hedge debt \| Swiss franc notes
Derivative [Line Items]
Notional Amount	1,407	1,424
Net investment hedge debt \| Canadian dollar notes
Derivative [Line Items]
Notional Amount	449	440
Currency exchange contracts \| Intercompany loans and forecasted interest payments
Derivative [Line Items]
Notional Amount	2,565	3,239
Currency exchange contracts \| Forecasted transactions
Derivative [Line Items]
Notional Amount	2,617	2,396
Commodity contracts
Derivative [Line Items]
Notional Amount	683	393
Interest rate contracts
Derivative [Line Items]
Notional Amount	7,631	8,679
Net investment hedge contracts
Derivative [Line Items]
Notional Amount	$ 6,685	$ 6,678

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
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Accumulated (loss)/gain at beginning of period	$ (167)	$ (113)
Transfer of realized (gains)/losses in fair value to earnings	0	(14)
Unrealized gain/(loss) in fair value	(69)	(32)
Accumulated (loss)/gain at end of period	$ (236)	$ (159)

Financial Instruments - Cash Flow Hedges After-tax Gains/(Losses) (Details) - Cash flow hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	$ 0	$ 14
Net derivative gains/(losses)	(69)	(32)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	14
Net derivative gains/(losses)	$ (69)	$ (32)

Financial Instruments - Hedges of Net Investments in International Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Euro notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ 58	$ (75)
British pound sterling notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	(6)	(13)
Swiss franc notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	13	(26)
Canadian dollar notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ (7)	$ (2)

Financial Instruments - Economic Hedges (Details) - Derivatives Not Designated as Hedging Instruments - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	$ 80	$ 141
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	61	7
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	0	(5)
Currency exchange contracts \| Forecasted transactions \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	5	(7)
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	0	(3)
Commodity contracts \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	$ 14	$ 149

Benefit Plans - Pension Costs (Details) - Pension Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 9	$ 12
Interest cost	16	15
Expected return on plan assets	(22)	(22)
Net loss from experience differences	5	11
Prior service cost/(credit)	0	1
Settlement losses	4	7
Net periodic benefit costs	12	24
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	31	38
Interest cost	51	52
Expected return on plan assets	(103)	(117)
Net loss from experience differences	38	42
Prior service cost/(credit)	(2)	0
Settlement losses	0	0
Net periodic benefit costs	$ 15	$ 15

Benefit Plans - Additional Information (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)	Jun. 30, 2018 arrangement
U.S. Plans \| Multiemployer Plans, Pension \| Fund \| BCTGM
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, number of expired collective-bargaining arrangements \| arrangement				8
U.S. Plans \| Multiemployer Plans, Pension \| Fund \| BCTGM \| North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, partial withdrawal liability		$ 573	$ 573
Multiemployer plan, withdrawal obligation term		20 years
Multiemployer plan, withdrawal obligation		$ 429	429
Multiemployer plan, withdrawal obligation, net of tax			$ 321
Pension Plans \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution	$ 1
Estimated future employer contributions	4
Pension Plans \| Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution	68
Estimated future employer contributions	164
Pension Plans \| Non-U.S. Plans \| United Kingdom and Ireland
Defined Benefit Plan Disclosure [Line Items]
Employer contribution	$ 38

Benefit Plans - Postretirement Benefit Plans (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2019

Mar. 31, 2018

Defined Benefit Plan Disclosure [Line Items]

$ 8

Postretirement Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

Service cost

Interest cost

Net loss from experience differences

Prior service credit

^[1]

(10)

Net periodic benefit costs

$ (3)

$ 0

[1]	$8 million for the three months ended March 31, 2019 and March 31, 2018 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
	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 2
Interest cost	1	1
Amortization of net gains	(1)	(1)
Net periodic benefit costs	$ 1	$ 2

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

3 Months Ended

12 Months Ended

Mar. 31, 2019

Dec. 31, 2017

Dec. 31, 2018

Shares Subject to Option

Balance at January 1, 2019 (In shares)

43,818,830

Options granted (in shares)

4,800,990

Options exercised (in shares)

^[1]

(6,536,928)

Options canceled (in shares)

(352,913)

Balance at March 31, 2019 (in shares)

41,729,979

Weighted- Average Exercise or Grant Price Per Share

Balance at January 1, 2019 (in dollars per share)

$ 32.36

Options granted (in dollars per share)

47.72

Options exercised (in dollars per share)

^[1]

25.90

Options canceled (in dollars per share)

39.13

Balance at March 31, 2019 (in dollars per share)

$ 35.08

Average Remaining Contractual Term

Average remaining contractual term

6 years

5 years

Aggregate Intrinsic Value

Aggregate intrinsic value

$ 619

$ 371

Aggregate intrinsic value options exercised

^[1]

134

Cash received from options exercised

175

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

$ 16

Annual grant to eligible employees

Shares Subject to Option

Options granted (in shares)

4,793,570

Weighted- Average Exercise or Grant Price Per Share

Options granted (in dollars per share)

$ 47.72

Additional options issued

Shares Subject to Option

Options granted (in shares)

7,420

Weighted- Average Exercise or Grant Price Per Share

Options granted (in dollars per share)

$ 47.26

[1]	Cash received from options exercised was $175 million in the three months ended March 31, 2019. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $16 million in the three months ended March 31, 2019.

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

3 Months Ended

Mar. 31, 2019

USD ($)

$ / shares

Number of Shares

Balance at January 1, 20198 (in shares) | shares

6,559,010

Shares granted (in shares) | shares

1,576,849

Vested (in shares) | shares

(1,557,059)

^[1]

Forfeited (in shares) | shares

(226,017)

^[1]

Balance at March 31, 2019 (in shares) | shares

6,352,783

Weighted-average grant date fair value per share

Balance at January 1, 2019 (in dollars per share) | $ / shares

$ 42.19

^[2]

Shares granted (in dollars per share) | $ / shares

53.40

^[2]

Vested (in dollars per share) | $ / shares

36.42

^[1],[2]

Forfeited (in dollars per share) | $ / shares

43.75

^[1],[2]

Balance at March 31, 2019 (in dollars per share) | $ / shares

$ 46.33

^[2]

Weighted-Average Aggregate Fair Value

Weighted average grant date fair value of shares granted | $

$ 84

^[2]

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 | $

$ 2

Annual grant to eligible employees

Grant Date

Grant Date

Feb. 22, 2019

Performance share units

Number of Shares

Shares granted (in shares) | shares

891,210

Weighted-average grant date fair value per share

Shares granted (in dollars per share) | $ / shares

$ 57.91

^[2]

Deferred stock units

Number of Shares

Shares granted (in shares) | shares

666,880

Weighted-average grant date fair value per share

Shares granted (in dollars per share) | $ / shares

$ 47.72

^[2]

Additional shares granted

Number of Shares

Shares granted (in shares) | shares

18,759

^[3]

Weighted-average grant date fair value per share

Shares granted (in dollars per share) | $ / shares

$ 41.68

^[2],[3]

[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 $2 million in the three months ended March 31, 2019.
[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	3 Months Ended		72 Months Ended
	Jan. 31, 2018	Apr. 30, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2013
Class of Stock [Line Items]
Common shares repurchased			$ 665,000,000	$ 500,000,000
Repurchase of common stock			646,000,000	$ 527,000,000
Common Stock \| Prior to January 1, 2018
Class of Stock [Line Items]
Stock repurchase value						$ 13,700,000,000
Common shares repurchased					$ 15,000,000,000.0
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
Common shares repurchased			$ 700,000,000
Number of shares repurchased (in shares)			15
Average cost of shares repurchased (in dollars per share)			$ 44.21
Remaining share repurchase capacity			$ 4,000,000,000.0
Common Stock \| Share Repurchase Program Amended January 1, 2018 \| Subsequent Event
Class of Stock [Line Items]
Repurchase of common stock		$ 20,000,000

Commitments and Contingencies (Details) ₨ in Billions	3 Months Ended
Commitments and Contingencies (Details) ₨ in Billions	Mar. 31, 2019 USD ($) claim	Mar. 31, 2019 INR (₨) claim
U.S. Commodity Futures Trading Commission ("CFTC")
Loss Contingencies [Line Items]
Loss contingency, filing 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	54,000,000	₨ 3.7
Cadbury \| Indian Department of Central Excise Authority \| Maximum
Loss Contingencies [Line Items]
Tax penalties and interest expense	84,000,000	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	$ 71,000,000	₨ 4.9
Number of show cause notices \| claim	5	5

Reclassifications from Accumulated Other Comprehensive Income - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Net losses reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax)	$ 29	$ 27

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

3 Months Ended

Mar. 31, 2019

Mar. 31, 2018

Accumulated other comprehensive income attributable to Mondelēz International:

Balance at beginning of period

$ 25,713

$ 26,074

Total other comprehensive earnings/(losses)

131

158

Less: (earnings)/loss attributable to noncontrolling interests

(15)

Tax expense/(benefit) on reclassifications

(189)

(337)

Other comprehensive earnings/(losses) attributable to Mondelēz International

132

143

Balance at end of period

25,909

26,544

Currency Translation Adjustments

Accumulated other comprehensive income attributable to Mondelēz International:

Balance at beginning of period

(8,603)

(7,740)

Currency translation adjustments

168

163

Tax (expense)/benefit

Total other comprehensive earnings/(losses)

190

210

Less: (earnings)/loss attributable to noncontrolling interests

(15)

Balance at end of period

(8,412)

(7,545)

Pension and Other Benefits

Accumulated other comprehensive income attributable to Mondelēz International:

Balance at beginning of period

(1,860)

(2,144)

Total other comprehensive earnings/(losses)

(6)

Net actuarial gain/(loss) arising during period

(24)

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

Currency impact, pension and other benefit plans

(1)

(54)

Balance at end of period

(1,850)

(2,150)

Derivative Cash Flow Hedges

Accumulated other comprehensive income attributable to Mondelēz International:

Balance at beginning of period

(167)

(113)

Total other comprehensive earnings/(losses)

(69)

(46)

Net derivative gains/(losses)

(77)

(29)

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

Currency impact

(3)

Balance at end of period

(236)

(159)

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income attributable to Mondelēz International:

Balance at beginning of period

(10,630)

(9,997)

Total other comprehensive earnings/(losses)

132

143

Balance at end of period

(10,498)

(9,854)

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

Accumulated other comprehensive income attributable to Mondelēz International:

Amortization of experience losses and prior service costs

^[1]

Settlement losses and other expenses

^[1]

Tax expense/(benefit) on reclassifications

^[2]

(7)

(13)

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 | Interest rate contracts

Accumulated other comprehensive income attributable to Mondelēz International:

Losses/(gains) reclassified into net earnings

^[3]

$ 0

$ (18)

[1]	These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 11, Benefit Plans.
[2]	Taxes reclassified to earnings are recorded within the provision for income taxes.
[3]	These reclassified gains or losses are recorded within interest and other expense, net.

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Income Tax Contingency [Line Items]
Estimated effective tax rate	25.90%	22.50%
Effective tax rate	19.40%	29.10%
Net tax discrete items (benefit) expense	$ (63)	$ 73
Net favorable tax benefit from audit settlements and expirations of statutes of limitations	$ 60
Additional transition tax liability recognized as an adjustment to prior provisional estimate		94
Argentina Tax Authority
Income Tax Contingency [Line Items]
Benefit from pending tax refund claim		$ 18

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net earnings	$ 920	$ 1,052
Noncontrolling interest earnings	(6)	(6)
Net earnings attributable to Mondelēz International	$ 914	$ 1,046
Weighted-average shares for basic EPS (in shares)	1,449	1,489
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares (in shares)	12	16
Weighted-average shares for diluted EPS (in shares)	1,461	1,505
Basic earnings per share attributable to Mondeléz International (in dollars per share)	$ 0.63	$ 0.70
Diluted earnings per share attributable to Mondélez International (in dollars per share)	$ 0.63	$ 0.70

- Definition

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

+ References

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+ Details

- Definition

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

+ References

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+ Details

- Definition

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

+ References + Details

- Definition

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

+ References

+ Details

Earnings per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
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)	6.2	7.1

Segment Reporting - Net Revenues and Earnings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Net revenues	$ 6,538	$ 6,765
Operating income	1,036	1,224
Unrealized gains on hedging activities (mark-to-market impacts)	16	206
General corporate expenses	(109)	(64)
Amortization of intangibles	(44)	(44)
Benefit plan non-service income	17	13
Interest and other expense, net	(80)	(80)
Earnings before income taxes	973	1,157
Latin America
Segment Reporting Information [Line Items]
Net revenues	800	891
Operating income	98	126
AMEA
Segment Reporting Information [Line Items]
Net revenues	1,541	1,542
Operating income	256	228
Europe
Segment Reporting Information [Line Items]
Net revenues	2,551	2,706
Operating income	500	497
North America
Segment Reporting Information [Line Items]
Net revenues	1,646	1,626
Operating income	$ 319	$ 275

Segment Reporting - Net Revenues by Product Category (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Net revenues	$ 6,538	$ 6,765
Biscuits
Segment Reporting Information [Line Items]
Net revenues	2,737	2,753
Chocolate
Segment Reporting Information [Line Items]
Net revenues	2,206	2,296
Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	813	881
Beverages
Segment Reporting Information [Line Items]
Net revenues	321	361
Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	461	474
Latin America
Segment Reporting Information [Line Items]
Net revenues	800	891
Latin America \| Biscuits
Segment Reporting Information [Line Items]
Net revenues	170	183
Latin America \| Chocolate
Segment Reporting Information [Line Items]
Net revenues	230	243
Latin America \| Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	200	224
Latin America \| Beverages
Segment Reporting Information [Line Items]
Net revenues	123	161
Latin America \| Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	77	80
AMEA
Segment Reporting Information [Line Items]
Net revenues	1,541	1,542
AMEA \| Biscuits
Segment Reporting Information [Line Items]
Net revenues	461	442
AMEA \| Chocolate
Segment Reporting Information [Line Items]
Net revenues	557	573
AMEA \| Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	225	235
AMEA \| Beverages
Segment Reporting Information [Line Items]
Net revenues	172	172
AMEA \| Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	126	120
Europe
Segment Reporting Information [Line Items]
Net revenues	2,551	2,706
Europe \| Biscuits
Segment Reporting Information [Line Items]
Net revenues	734	795
Europe \| Chocolate
Segment Reporting Information [Line Items]
Net revenues	1,360	1,423
Europe \| Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	173	186
Europe \| Beverages
Segment Reporting Information [Line Items]
Net revenues	26	28
Europe \| Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	258	274
North America
Segment Reporting Information [Line Items]
Net revenues	1,646	1,626
North America \| Biscuits
Segment Reporting Information [Line Items]
Net revenues	1,372	1,333
North America \| Chocolate
Segment Reporting Information [Line Items]
Net revenues	59	57
North America \| Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	215	236
North America \| Beverages
Segment Reporting Information [Line Items]
Net revenues	0	0
North America \| Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	$ 0	$ 0

Segment Reporting - Additional Information (Details)	3 Months Ended
Segment Reporting - Additional Information (Details)	Mar. 31, 2019 segment
Segment Reporting [Abstract]
Number of operating segments	4

Financial Instruments - Derivative Instruments Fair Value and Measurement Inputs (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 71	$ (13)
Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	41	35
Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(12)	(19)
Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(277)	(338)
Net investment hedge contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	319	309
Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivative [Line Items]
Derivative fair value net asset (liability)	4	(1)
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	4	(1)
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Net investment hedge contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Derivative fair value net asset (liability)	67	(12)
Significant Other Observable Inputs (Level 2) \| Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	41	35
Significant Other Observable Inputs (Level 2) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(16)	(18)
Significant Other Observable Inputs (Level 2) \| Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(277)	(338)
Significant Other Observable Inputs (Level 2) \| Net investment hedge contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	319	309
Significant Unobservable Inputs (Level 3)
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Significant Unobservable Inputs (Level 3) \| Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Significant Unobservable Inputs (Level 3) \| Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Significant Unobservable Inputs (Level 3) \| Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Significant Unobservable Inputs (Level 3) \| Net investment hedge contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 0	$ 0