Document
false--12-31Q32019000110398230000000.0890.0594000000039000000470000004800000013000000260000000.260.70.2850.805005000000000500000000019965377781996537778P5YP3YP4Y10M24D8500000085000000170000000P5Y545537923555861683 0001103982 2019-01-01 2019-09-30 0001103982 2019-10-25 0001103982 mdlz:OnePointZeroPercentNotesDue2022Member 2019-01-01 2019-09-30 0001103982 mdlz:ThreePointEightSeventyFivePercentNotesDue2045Member 2019-01-01 2019-09-30 0001103982 mdlz:TwoPointThreeSeventyFivePercentNotesDue2035Member 2019-01-01 2019-09-30 0001103982 mdlz:FourPointFivePercentNotesDue2035Member 2019-01-01 2019-09-30 0001103982 mdlz:OnePointSixTwentyFivePercentNotesDue2023Member 2019-01-01 2019-09-30 0001103982 mdlz:OnePointSixTwentyFivePercentNotesDue2027Member 2019-01-01 2019-09-30 0001103982 us-gaap:CommonClassAMember 2019-01-01 2019-09-30 0001103982 mdlz:TwoPointThreeSeventyFivePercentNotesDue2021Member 2019-01-01 2019-09-30 0001103982 2018-07-01 2018-09-30 0001103982 2018-01-01 2018-09-30 0001103982 2019-07-01 2019-09-30 0001103982 2018-12-31 0001103982 2019-09-30 0001103982 2018-09-30 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001103982 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0001103982 us-gaap:RetainedEarningsMember 2018-06-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001103982 us-gaap:CommonStockMember 2019-09-30 0001103982 us-gaap:TreasuryStockMember 2018-01-01 2018-09-30 0001103982 us-gaap:NoncontrollingInterestMember 2018-09-30 0001103982 us-gaap:CommonStockMember 2017-12-31 0001103982 us-gaap:TreasuryStockMember 2019-09-30 0001103982 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0001103982 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0001103982 us-gaap:CommonStockMember 2018-09-30 0001103982 us-gaap:TreasuryStockMember 2019-07-01 2019-09-30 0001103982 us-gaap:RetainedEarningsMember 2019-06-30 0001103982 us-gaap:TreasuryStockMember 2018-09-30 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001103982 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001103982 us-gaap:TreasuryStockMember 2018-07-01 2018-09-30 0001103982 us-gaap:NoncontrollingInterestMember 2018-12-31 0001103982 2017-12-31 0001103982 2018-06-30 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001103982 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001103982 us-gaap:TreasuryStockMember 2019-06-30 0001103982 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0001103982 us-gaap:RetainedEarningsMember 2019-09-30 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001103982 us-gaap:NoncontrollingInterestMember 2017-12-31 0001103982 us-gaap:NoncontrollingInterestMember 2019-09-30 0001103982 us-gaap:TreasuryStockMember 2019-01-01 2019-09-30 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001103982 2019-06-30 0001103982 us-gaap:CommonStockMember 2019-06-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001103982 us-gaap:TreasuryStockMember 2018-12-31 0001103982 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001103982 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001103982 us-gaap:CommonStockMember 2018-06-30 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001103982 us-gaap:CommonStockMember 2018-12-31 0001103982 us-gaap:TreasuryStockMember 2017-12-31 0001103982 us-gaap:RetainedEarningsMember 2018-09-30 0001103982 us-gaap:RetainedEarningsMember 2018-12-31 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001103982 us-gaap:NoncontrollingInterestMember 2018-06-30 0001103982 us-gaap:RetainedEarningsMember 2017-12-31 0001103982 us-gaap:NoncontrollingInterestMember 2019-06-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001103982 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001103982 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0001103982 us-gaap:TreasuryStockMember 2018-06-30 0001103982 country:AR 2019-07-01 2019-09-30 0001103982 country:AR us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0001103982 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001103982 country:AR 2019-01-01 2019-09-30 0001103982 country:AR us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-07-01 2019-09-30 0001103982 country:AR us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-07-01 2018-09-30 0001103982 country:AR 2019-09-30 0001103982 country:GB us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2019-01-01 2019-09-30 0001103982 country:AR us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-01-01 2018-09-30 0001103982 mdlz:PerfectSnacksMember srt:NorthAmericaMember 2019-07-16 0001103982 mdlz:TatesBakeShopMember srt:NorthAmericaMember 2019-06-30 0001103982 mdlz:TatesBakeShopMember srt:NorthAmericaMember 2018-06-07 2019-06-07 0001103982 mdlz:PerfectSnacksMember srt:NorthAmericaMember 2019-07-16 2019-07-16 0001103982 mdlz:PerfectSnacksMember srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember mdlz:CheeseBusinessMember mdlz:AsiaMiddleEastandAfricaMember 2019-05-28 2019-09-30 0001103982 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember mdlz:CheeseBusinessMember mdlz:AsiaMiddleEastandAfricaMember 2019-09-30 0001103982 mdlz:TatesBakeShopMember srt:NorthAmericaMember 2018-04-01 2018-06-30 0001103982 mdlz:TatesBakeShopMember srt:NorthAmericaMember 2019-04-01 2019-06-30 0001103982 mdlz:PerfectSnacksMember srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 us-gaap:ConstructionInProgressMember 2018-12-31 0001103982 us-gaap:LandAndLandImprovementsMember 2019-09-30 0001103982 us-gaap:LandAndLandImprovementsMember 2018-12-31 0001103982 us-gaap:ConstructionInProgressMember 2019-09-30 0001103982 us-gaap:MachineryAndEquipmentMember 2018-12-31 0001103982 us-gaap:BuildingAndBuildingImprovementsMember 2019-09-30 0001103982 us-gaap:MachineryAndEquipmentMember 2019-09-30 0001103982 us-gaap:BuildingAndBuildingImprovementsMember 2018-12-31 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2019-01-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-01-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2018-07-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2018-01-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-01-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-07-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2018-07-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2018-01-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-07-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2019-01-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2019-07-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2019-01-01 2019-09-30 0001103982 srt:MaximumMember 2019-01-01 2019-09-30 0001103982 srt:MinimumMember 2019-01-01 2019-09-30 0001103982 srt:EuropeMember 2018-12-31 0001103982 srt:NorthAmericaMember 2018-12-31 0001103982 srt:NorthAmericaMember 2019-09-30 0001103982 srt:LatinAmericaMember 2019-09-30 0001103982 mdlz:AsiaMiddleEastandAfricaMember 2018-12-31 0001103982 srt:LatinAmericaMember 2018-12-31 0001103982 mdlz:AsiaMiddleEastandAfricaMember 2019-09-30 0001103982 srt:EuropeMember 2019-09-30 0001103982 us-gaap:TrademarksMember 2019-09-30 0001103982 mdlz:GumChocolateBiscuitsandCandyMember us-gaap:TrademarksMember srt:LatinAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:TatesBakeShopMember 2019-04-01 2019-06-30 0001103982 mdlz:PerfectSnacksMember 2019-09-30 0001103982 mdlz:GumChocolateBiscuitsandCandyMember us-gaap:TrademarksMember srt:EuropeMember 2019-07-01 2019-09-30 0001103982 srt:EuropeMember 2019-07-01 0001103982 mdlz:GumChocolateBiscuitsandCandyMember us-gaap:TrademarksMember mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 mdlz:CheeseBusinessMember mdlz:AsiaMiddleEastandAfricaMember 2019-04-01 2019-06-30 0001103982 srt:LatinAmericaMember 2019-07-01 0001103982 us-gaap:TrademarksMember 2019-07-01 2019-09-30 0001103982 srt:NorthAmericaMember 2019-07-01 0001103982 mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 0001103982 mdlz:KeurigGreenMountainIncorporatedMember 2016-03-07 0001103982 mdlz:JacobsDouweEgbertsMember 2016-03-07 0001103982 mdlz:KeurigDrPepperInc.Member mdlz:EquityEarningsMember 2019-01-01 2019-09-30 0001103982 mdlz:KeurigGreenMountainIncorporatedMember 2016-03-31 0001103982 mdlz:KeurigDrPepperInc.Member mdlz:EquityEarningsMember 2019-07-01 2019-09-30 0001103982 mdlz:KeurigGreenMountainIncorporatedMember mdlz:KeurigwithDrPepperSnappleGroupInc.Member 2018-10-01 2018-12-31 0001103982 mdlz:KeurigDrPepperInc.Member 2019-03-31 0001103982 mdlz:KeurigDrPepperInc.Member 2019-07-01 2019-09-30 0001103982 mdlz:KeurigDrPepperInc.Member 2019-09-30 0001103982 mdlz:KeurigGreenMountainIncorporatedMember mdlz:KeurigwithDrPepperSnappleGroupInc.Member 2018-07-01 2018-09-30 0001103982 mdlz:KeurigGreenMountainIncorporatedMember mdlz:KeurigwithDrPepperSnappleGroupInc.Member 2018-01-01 2018-12-31 0001103982 mdlz:KeurigGreenMountainIncorporatedMember 2016-04-01 2016-06-30 0001103982 mdlz:JacobsDouweEgbertsMember 2018-01-01 2018-03-31 0001103982 mdlz:KeurigDrPepperInc.Member us-gaap:InterestIncomeMember 2018-01-01 2018-09-30 0001103982 mdlz:JacobsDouweEgbertsMember mdlz:EquityEarningsMember 2019-07-01 2019-09-30 0001103982 mdlz:KeurigDrPepperInc.Member 2018-01-01 2018-09-30 0001103982 mdlz:KeurigDrPepperInc.Member 2018-12-31 0001103982 mdlz:JacobsDouweEgbertsMember 2019-09-30 0001103982 mdlz:KeurigDrPepperInc.Member mdlz:EquityEarningsMember 2018-01-01 2018-09-30 0001103982 mdlz:KeurigGreenMountainIncorporatedMember mdlz:KeurigwithDrPepperSnappleGroupInc.Member 2019-09-30 0001103982 mdlz:JacobsDouweEgbertsMember mdlz:EquityEarningsMember 2018-01-01 2018-09-30 0001103982 mdlz:JacobsDouweEgbertsMember 2019-01-01 2019-03-31 0001103982 mdlz:KeurigDrPepperInc.Member 2019-01-01 2019-09-30 0001103982 mdlz:KeurigGreenMountainIncorporatedMember 2019-04-01 2019-06-30 0001103982 mdlz:JacobsDouweEgbertsMember mdlz:EquityEarningsMember 2019-01-01 2019-09-30 0001103982 mdlz:JacobsDouweEgbertsMember mdlz:EquityEarningsMember 2018-07-01 2018-09-30 0001103982 mdlz:KeurigDrPepperInc.Member 2019-01-01 2019-03-31 0001103982 mdlz:KeurigGreenMountainIncorporatedMember mdlz:KeurigwithDrPepperSnappleGroupInc.Member 2018-07-09 0001103982 mdlz:JacobsDouweEgbertsMember 2015-07-02 0001103982 mdlz:KeurigDrPepperInc.Member mdlz:EquityEarningsMember 2018-07-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2014-05-06 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2019-01-01 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2019-07-01 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2019-07-01 2019-09-30 0001103982 us-gaap:CorporateNonSegmentMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2014-05-06 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2014-05-06 2019-09-30 0001103982 us-gaap:CorporateNonSegmentMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-07-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2019-01-01 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2018-01-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2019-01-01 2019-09-30 0001103982 us-gaap:CorporateNonSegmentMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-07-01 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:LatinAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2014-05-06 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2018-01-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2018-07-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2018-01-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2014-05-06 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2018-07-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2018-07-01 2018-09-30 0001103982 us-gaap:CorporateNonSegmentMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-01-01 2019-09-30 0001103982 us-gaap:CorporateNonSegmentMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-01-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember srt:EuropeMember 2018-01-01 2018-09-30 0001103982 us-gaap:OperatingSegmentsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember mdlz:AsiaMiddleEastandAfricaMember 2014-05-06 2019-09-30 0001103982 us-gaap:DerivativeMember 2019-01-01 2019-09-30 0001103982 us-gaap:CashFlowHedgingMember 2019-01-01 2019-09-30 0001103982 us-gaap:NetInvestmentHedgingMember 2019-01-01 2019-09-30 0001103982 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0001103982 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2019-01-01 2019-09-30 0001103982 mdlz:PostEmploymentBenefitPlansMember 2019-01-01 2019-09-30 0001103982 mdlz:DeferredStockUnitsPerformanceUnitsAndRestrictedStockMember 2019-01-01 2019-09-30 0001103982 mdlz:AssetWriteDownsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-01-01 2019-09-30 0001103982 mdlz:AssetWriteDownsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-12-31 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-12-31 0001103982 us-gaap:EmployeeSeveranceMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-01-01 2019-09-30 0001103982 us-gaap:EmployeeSeveranceMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-12-31 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-09-30 0001103982 mdlz:AssetWriteDownsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-09-30 0001103982 us-gaap:EmployeeSeveranceMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-09-30 0001103982 us-gaap:OtherCurrentLiabilitiesMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-09-30 0001103982 us-gaap:OtherNoncurrentLiabilitiesMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-09-30 0001103982 mdlz:RestructuringCostsMember mdlz:TwoThousandFourteenToTwoThousandEighteenRestructuringProgramMember 2016-08-31 0001103982 us-gaap:EmployeeSeveranceMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-01-01 2018-09-30 0001103982 srt:MaximumMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-09-06 2018-09-06 0001103982 mdlz:TwoThousandFourteenToTwoThousandEighteenRestructuringProgramMember 2016-08-31 0001103982 mdlz:ChargesCashMember mdlz:TwoThousandFourteenToTwoThousandEighteenRestructuringProgramMember 2016-08-31 0001103982 mdlz:RestructuringCostsMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-09-06 0001103982 mdlz:ChargesNoncashMember mdlz:TwoThousandFourteenToTwoThousandEighteenRestructuringProgramMember 2016-08-31 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-09-06 0001103982 srt:MaximumMember mdlz:TwoThousandFourteenToTwoThousandEighteenRestructuringProgramMember 2016-08-31 2016-08-31 0001103982 mdlz:ChargesNoncashMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-09-06 0001103982 us-gaap:AccountingStandardsUpdate201602Member mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-01-01 2019-03-31 0001103982 srt:MaximumMember mdlz:TwoThousandFourteenToTwoThousandEighteenRestructuringProgramMember 2014-05-06 2014-05-06 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0001103982 mdlz:TwoThousandFourteenToTwoThousandEighteenRestructuringProgramMember 2016-08-31 2016-08-31 0001103982 us-gaap:EmployeeSeveranceMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2019-07-01 2019-09-30 0001103982 mdlz:ChargesCashMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-09-06 0001103982 mdlz:TwoThousandFourteenToTwoThousandEighteenRestructuringProgramMember 2014-05-06 0001103982 us-gaap:EmployeeSeveranceMember mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember 2018-07-01 2018-09-30 0001103982 us-gaap:RevolvingCreditFacilityMember mdlz:SeniorUnsecuredCreditFacility364DaysTermMember us-gaap:CommercialPaperMember 2019-02-27 2019-02-27 0001103982 mdlz:TwoPointEightSixtyThreePercentNotesMember us-gaap:LoansPayableMember 2019-02-01 2019-02-01 0001103982 us-gaap:RevolvingCreditFacilityMember mdlz:MultiyearSeniorUnsecuredRevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2019-02-27 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:TermLoanMember 2019-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:TwoPointOneTwentyFivePercentNotesDueSeptember192022Member us-gaap:LoansPayableMember 2019-09-19 0001103982 us-gaap:RevolvingCreditFacilityMember mdlz:MultiyearSeniorUnsecuredRevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2019-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:ZeroPointEightSeventyFiveEuroDenominatedNotesDueOctober12031Member us-gaap:LoansPayableMember us-gaap:SubsequentEventMember 2019-10-02 0001103982 us-gaap:LineOfCreditMember 2018-12-31 0001103982 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember 2018-01-01 2018-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:ThreeyearTermLoanMember mdlz:TermLoanMember 2019-09-13 0001103982 mdlz:RevolvingCreditFacilityOneMember 2016-10-14 0001103982 mdlz:ThreePointSixTwentyFiveFixedrateNotesMember us-gaap:LoansPayableMember 2019-02-13 0001103982 srt:MinimumMember us-gaap:CommercialPaperMember 2019-01-01 2019-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member us-gaap:LoansPayableMember 2019-09-19 2019-09-19 0001103982 srt:MaximumMember us-gaap:CommercialPaperMember 2019-01-01 2019-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:ZeroPointEightSeventyFiveEuroDenominatedNotesDueOctober12031Member us-gaap:LoansPayableMember us-gaap:SubsequentEventMember 2019-10-02 2019-10-02 0001103982 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember 2019-01-01 2019-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:FiveyearTermLoanMember mdlz:TermLoanMember 2019-09-13 0001103982 us-gaap:RevolvingCreditFacilityMember mdlz:SeniorUnsecuredCreditFacility364DaysTermMember us-gaap:CommercialPaperMember 2019-02-27 0001103982 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember 2019-07-01 2019-09-30 0001103982 mdlz:InternationalSubsidiariesMember 2018-12-31 0001103982 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember 2018-07-01 2018-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:TermLoanMember us-gaap:SubsequentEventMember 2019-10-25 2019-10-25 0001103982 mdlz:InternationalSubsidiariesMember 2019-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:TwoPointTwentyFiveNotesDueSeptember192024Member us-gaap:LoansPayableMember 2019-09-19 0001103982 mdlz:ThreePointSixTwentyFiveFixedrateNotesMember us-gaap:LoansPayableMember 2019-02-13 2019-02-13 0001103982 us-gaap:LineOfCreditMember 2019-09-30 0001103982 us-gaap:RevolvingCreditFacilityMember mdlz:SeniorUnsecuredCreditFacility364DaysTermMember us-gaap:CommercialPaperMember 2019-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member us-gaap:LoansPayableMember 2019-09-19 0001103982 us-gaap:CommercialPaperMember 2018-12-31 0001103982 us-gaap:CommercialPaperMember 2019-09-30 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:FiveyearTermLoanMember mdlz:TermLoanMember 2019-09-19 2019-09-19 0001103982 mdlz:RevolvingCreditFacilityOneMember 2016-10-14 2016-10-14 0001103982 mdlz:MondelezInternationalHoldingsNetherlandsB.V.Member mdlz:ThreeyearTermLoanMember mdlz:TermLoanMember 2019-09-19 2019-09-19 0001103982 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001103982 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001103982 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001103982 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001103982 us-gaap:InterestRateSwapMember 2018-12-31 0001103982 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001103982 us-gaap:FairValueInputsLevel1Member 2018-12-31 0001103982 us-gaap:FairValueInputsLevel3Member 2018-12-31 0001103982 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001103982 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001103982 us-gaap:ForeignExchangeContractMember 2018-12-31 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001103982 us-gaap:CommodityContractMember 2018-12-31 0001103982 us-gaap:FairValueInputsLevel2Member 2018-12-31 0001103982 us-gaap:InterestRateContractMember 2018-12-31 0001103982 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001103982 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember mdlz:ForecastedTransactionsMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember mdlz:ForecastedTransactionsMember 2018-07-01 2018-09-30 0001103982 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2019-01-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember mdlz:ForecastedTransactionsMember 2018-01-01 2018-09-30 0001103982 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2018-01-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember mdlz:ForecastedTransactionsMember 2019-01-01 2019-09-30 0001103982 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2018-07-01 2018-09-30 0001103982 us-gaap:CashFlowHedgingMember 2019-07-01 2019-09-30 0001103982 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2019-07-01 2019-09-30 0001103982 us-gaap:CashFlowHedgingMember 2018-01-01 2018-09-30 0001103982 us-gaap:CashFlowHedgingMember 2018-07-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-12-31 0001103982 us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001103982 us-gaap:CommodityContractMember us-gaap:NondesignatedMember 2018-12-31 0001103982 us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001103982 us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001103982 us-gaap:CommodityContractMember us-gaap:NondesignatedMember 2019-09-30 0001103982 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001103982 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001103982 us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001103982 us-gaap:NondesignatedMember 2018-12-31 0001103982 us-gaap:NondesignatedMember 2019-09-30 0001103982 us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember 2018-07-01 2018-09-30 0001103982 us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember 2019-01-01 2019-09-30 0001103982 us-gaap:CommodityContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:CostOfSalesMember mdlz:ForecastedTransactionsMember 2019-01-01 2019-09-30 0001103982 us-gaap:CommodityContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:CostOfSalesMember mdlz:ForecastedTransactionsMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:InterestExpenseMember mdlz:ForecastedTransactionsMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:InterestExpenseMember mdlz:IntercompanyLoansAndForecastedInterestPaymentsMember 2018-07-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:SellingGeneralAndAdministrativeExpensesMember mdlz:ForecastedTransactionsMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:InterestExpenseMember mdlz:IntercompanyLoansAndForecastedInterestPaymentsMember 2018-01-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:InterestExpenseMember mdlz:ForecastedTransactionsMember 2018-01-01 2018-09-30 0001103982 us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember 2018-01-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:InterestExpenseMember mdlz:ForecastedTransactionsMember 2018-07-01 2018-09-30 0001103982 us-gaap:CommodityContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:SellingGeneralAndAdministrativeExpensesMember mdlz:ForecastedTransactionsMember 2018-07-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:CostOfSalesMember mdlz:ForecastedTransactionsMember 2018-07-01 2018-09-30 0001103982 us-gaap:CommodityContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:InterestExpenseMember mdlz:IntercompanyLoansAndForecastedInterestPaymentsMember 2019-01-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:InterestExpenseMember mdlz:IntercompanyLoansAndForecastedInterestPaymentsMember 2019-07-01 2019-09-30 0001103982 us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:CostOfSalesMember mdlz:ForecastedTransactionsMember 2018-01-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:SellingGeneralAndAdministrativeExpensesMember mdlz:ForecastedTransactionsMember 2018-01-01 2018-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:InterestExpenseMember mdlz:ForecastedTransactionsMember 2019-01-01 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember us-gaap:SellingGeneralAndAdministrativeExpensesMember mdlz:ForecastedTransactionsMember 2019-01-01 2019-09-30 0001103982 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001103982 us-gaap:CommodityContractMember 2019-09-30 0001103982 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001103982 us-gaap:InterestRateSwapMember 2019-09-30 0001103982 us-gaap:FairValueInputsLevel2Member 2019-09-30 0001103982 us-gaap:FairValueInputsLevel1Member 2019-09-30 0001103982 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001103982 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001103982 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001103982 us-gaap:FairValueInputsLevel3Member 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember 2019-09-30 0001103982 us-gaap:InterestRateContractMember 2019-09-30 0001103982 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001103982 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001103982 us-gaap:InterestRateContractMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001103982 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001103982 2019-04-01 2019-06-30 0001103982 us-gaap:InterestRateSwapMember 2018-07-01 2018-09-30 0001103982 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember mdlz:ForecastedTransactionsMember 2019-09-30 0001103982 us-gaap:NetInvestmentHedgingMember mdlz:EuroNotesMember 2019-09-30 0001103982 us-gaap:NetInvestmentHedgingMember mdlz:FrancNotesMember 2018-12-31 0001103982 us-gaap:NetInvestmentHedgingMember mdlz:FrancNotesMember 2019-09-30 0001103982 us-gaap:NetInvestmentHedgingMember mdlz:SterlingNotesMember 2019-09-30 0001103982 us-gaap:ForeignExchangeContractMember mdlz:ForecastedTransactionsMember 2018-12-31 0001103982 us-gaap:ForeignExchangeContractMember mdlz:IntercompanyLoansAndForecastedInterestPaymentsMember 2018-12-31 0001103982 us-gaap:ForeignExchangeContractMember mdlz:IntercompanyLoansAndForecastedInterestPaymentsMember 2019-09-30 0001103982 us-gaap:NetInvestmentHedgingMember mdlz:EuroNotesMember 2018-12-31 0001103982 us-gaap:NetInvestmentHedgingMember mdlz:SterlingNotesMember 2018-12-31 0001103982 us-gaap:NetInvestmentHedgingMember mdlz:CanadianDollarNotesMember 2019-09-30 0001103982 us-gaap:NetInvestmentHedgingMember mdlz:CanadianDollarNotesMember 2018-12-31 0001103982 mdlz:EuroNotesMember 2019-07-01 2019-09-30 0001103982 mdlz:SterlingNotesMember 2018-07-01 2018-09-30 0001103982 mdlz:CanadianDollarNotesMember 2018-01-01 2018-09-30 0001103982 mdlz:EuroNotesMember 2019-01-01 2019-09-30 0001103982 mdlz:CanadianDollarNotesMember 2019-01-01 2019-09-30 0001103982 mdlz:FrancNotesMember 2019-07-01 2019-09-30 0001103982 mdlz:SterlingNotesMember 2018-01-01 2018-09-30 0001103982 mdlz:FrancNotesMember 2018-01-01 2018-09-30 0001103982 mdlz:EuroNotesMember 2018-01-01 2018-09-30 0001103982 mdlz:FrancNotesMember 2018-07-01 2018-09-30 0001103982 mdlz:SterlingNotesMember 2019-07-01 2019-09-30 0001103982 mdlz:CanadianDollarNotesMember 2018-07-01 2018-09-30 0001103982 mdlz:FrancNotesMember 2019-01-01 2019-09-30 0001103982 mdlz:SterlingNotesMember 2019-01-01 2019-09-30 0001103982 mdlz:EuroNotesMember 2018-07-01 2018-09-30 0001103982 mdlz:CanadianDollarNotesMember 2019-07-01 2019-09-30 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2018-12-31 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2017-12-31 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2018-06-30 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2018-09-30 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-09-30 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-06-30 0001103982 us-gaap:OtherCurrentLiabilitiesMember mdlz:BakeryConfectioneryTobaccoandGrainMillersUnionBCTGMMember mdlz:BakeryandConfectioneryUnionandIndustryInternationalPensionFundMember us-gaap:MultiemployerPlansPensionMember country:US srt:NorthAmericaMember 2019-09-30 0001103982 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-09-30 0001103982 country:US us-gaap:PensionPlansDefinedBenefitMember 2019-09-30 0001103982 mdlz:BakeryConfectioneryTobaccoandGrainMillersUnionBCTGMMember mdlz:BakeryandConfectioneryUnionandIndustryInternationalPensionFundMember us-gaap:MultiemployerPlansPensionMember country:US srt:NorthAmericaMember 2018-12-31 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-30 0001103982 mdlz:BakeryConfectioneryTobaccoandGrainMillersUnionBCTGMMember mdlz:BakeryandConfectioneryUnionandIndustryInternationalPensionFundMember us-gaap:MultiemployerPlansPensionMember country:US srt:NorthAmericaMember 2019-07-11 0001103982 mdlz:BakeryConfectioneryTobaccoandGrainMillersUnionBCTGMMember mdlz:BakeryandConfectioneryUnionandIndustryInternationalPensionFundMember us-gaap:MultiemployerPlansPensionMember country:US 2018-06-30 0001103982 mdlz:BakeryConfectioneryTobaccoandGrainMillersUnionBCTGMMember mdlz:BakeryandConfectioneryUnionandIndustryInternationalPensionFundMember us-gaap:MultiemployerPlansPensionMember country:US srt:NorthAmericaMember 2019-09-30 0001103982 mdlz:UnitedKingdomandIrelandMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0001103982 country:US us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0001103982 mdlz:BakeryConfectioneryTobaccoandGrainMillersUnionBCTGMMember mdlz:BakeryandConfectioneryUnionandIndustryInternationalPensionFundMember us-gaap:MultiemployerPlansPensionMember country:US srt:NorthAmericaMember 2019-07-11 2019-07-11 0001103982 mdlz:BakeryConfectioneryTobaccoandGrainMillersUnionBCTGMMember us-gaap:SellingGeneralAndAdministrativeExpensesMember mdlz:BakeryandConfectioneryUnionandIndustryInternationalPensionFundMember us-gaap:MultiemployerPlansPensionMember country:US srt:NorthAmericaMember 2019-04-01 2019-06-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0001103982 us-gaap:OtherNoncurrentLiabilitiesMember mdlz:BakeryConfectioneryTobaccoandGrainMillersUnionBCTGMMember mdlz:BakeryandConfectioneryUnionandIndustryInternationalPensionFundMember us-gaap:MultiemployerPlansPensionMember country:US srt:NorthAmericaMember 2019-09-30 0001103982 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2018-07-01 2018-09-30 0001103982 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2019-07-01 2019-09-30 0001103982 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2018-01-01 2018-09-30 0001103982 mdlz:PostEmploymentBenefitPlansMember 2019-07-01 2019-09-30 0001103982 mdlz:PostEmploymentBenefitPlansMember 2018-01-01 2018-09-30 0001103982 mdlz:PostEmploymentBenefitPlansMember 2018-07-01 2018-09-30 0001103982 country:US us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-30 0001103982 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-30 0001103982 country:US us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-30 0001103982 country:US us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-30 0001103982 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0001103982 mdlz:TwoThousandFourteentoTwoThousandTwentyTwoRestructuringProgramMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-30 0001103982 mdlz:AdditionalSharesGrantedMember 2019-01-01 2019-09-30 0001103982 us-gaap:PerformanceSharesMember 2019-01-01 2019-09-30 0001103982 mdlz:GroupOneMember 2019-01-01 2019-09-30 0001103982 mdlz:DeferredStockUnitsDSUsMember 2019-01-01 2019-09-30 0001103982 mdlz:ShareRepurchaseProgramMember us-gaap:CommonStockMember 2018-01-31 2018-01-31 0001103982 mdlz:PriorPeriodsMember us-gaap:CommonStockMember 2013-12-31 0001103982 mdlz:ShareRepurchaseProgramMember us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001103982 mdlz:ShareRepurchaseProgramMember us-gaap:CommonStockMember us-gaap:SubsequentEventMember 2019-10-01 2019-10-31 0001103982 mdlz:ShareRepurchaseProgramMember us-gaap:CommonStockMember 2019-09-30 0001103982 mdlz:PriorPeriodsMember us-gaap:CommonStockMember 2013-01-01 2018-12-31 0001103982 mdlz:ShareRepurchaseProgramMember us-gaap:CommonStockMember 2018-01-31 0001103982 srt:MaximumMember 2019-07-01 2019-09-30 0001103982 mdlz:GroupTwoMember 2019-01-01 2019-09-30 0001103982 2018-01-01 2018-12-31 0001103982 mdlz:CadburyMember mdlz:CauseNoteMarch2015Member us-gaap:ForeignCountryMember 2019-09-30 0001103982 mdlz:GroupeDanoneS.A.GlobalLUBiscuitBusinessLUBiscuitMember 2018-04-01 2018-06-30 0001103982 mdlz:CadburyMember mdlz:CauseNoticeMay2019Member us-gaap:ForeignCountryMember 2019-09-30 0001103982 mdlz:CadburyMember mdlz:CauseNoticeFebruary2015December2015andOctober2017Member us-gaap:ForeignCountryMember 2019-09-30 0001103982 mdlz:CadburyMember mdlz:CauseNoteFebruary2013andMarch2014Member us-gaap:ForeignCountryMember 2019-09-30 0001103982 mdlz:LitigationCaseOneMember mdlz:AdditionalMember 2019-01-01 2019-09-30 0001103982 mdlz:LitigationCaseOneMember 2019-01-01 2019-09-30 0001103982 mdlz:CadburyMember us-gaap:ForeignCountryMember mdlz:ShowCauseNoticeMember 2019-09-30 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2018-01-01 2018-09-30 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-07-01 2019-09-30 0001103982 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-07-01 2019-09-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2019-07-01 2019-09-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2018-07-01 2018-09-30 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2018-07-01 2018-09-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-09-30 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-07-01 2019-09-30 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-09-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0001103982 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2018-07-01 2018-09-30 0001103982 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-09-30 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-06-30 0001103982 us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-01-01 2019-09-30 0001103982 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-07-01 2018-09-30 0001103982 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-07-01 2019-09-30 0001103982 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2019-01-01 2019-09-30 0001103982 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-07-01 2018-09-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2018-09-30 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-09-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2018-06-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-09-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001103982 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember 2018-01-01 2018-09-30 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-12-31 0001103982 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-06-30 0001103982 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-30 0001103982 us-gaap:ForeignCountryMember mdlz:SwissTaxAdministrationMember 2019-07-01 2019-09-30 0001103982 mdlz:KeurigDrPepperInc.Member 2018-07-01 2018-09-30 0001103982 us-gaap:ForeignCountryMember 2019-07-01 2019-09-30 0001103982 us-gaap:ForeignCountryMember mdlz:SwissTaxAdministrationMember 2019-01-01 2019-09-30 0001103982 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0001103982 us-gaap:EmployeeStockOptionMember 2018-07-01 2018-09-30 0001103982 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-09-30 0001103982 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0001103982 mdlz:GumAndCandyMember 2018-01-01 2018-09-30 0001103982 mdlz:GumAndCandyMember srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:ChocolateMember srt:LatinAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:BeveragesMember 2019-01-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:LatinAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:BiscuitsMember srt:EuropeMember 2019-01-01 2019-09-30 0001103982 mdlz:BiscuitsMember srt:LatinAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:LatinAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:BeveragesMember srt:LatinAmericaMember 2018-01-01 2018-09-30 0001103982 srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:ChocolateMember srt:EuropeMember 2018-01-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember mdlz:AsiaMiddleEastandAfricaMember 2018-01-01 2018-09-30 0001103982 mdlz:ChocolateMember srt:LatinAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:GumAndCandyMember srt:LatinAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:GumAndCandyMember srt:EuropeMember 2018-01-01 2018-09-30 0001103982 mdlz:ChocolateMember srt:NorthAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:BiscuitsMember 2018-01-01 2018-09-30 0001103982 mdlz:BeveragesMember mdlz:AsiaMiddleEastandAfricaMember 2019-01-01 2019-09-30 0001103982 mdlz:BeveragesMember mdlz:AsiaMiddleEastandAfricaMember 2018-01-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember mdlz:AsiaMiddleEastandAfricaMember 2019-01-01 2019-09-30 0001103982 mdlz:BeveragesMember srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:BeveragesMember srt:LatinAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:BeveragesMember srt:EuropeMember 2018-01-01 2018-09-30 0001103982 mdlz:BiscuitsMember srt:NorthAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:EuropeMember 2019-01-01 2019-09-30 0001103982 mdlz:BeveragesMember 2018-01-01 2018-09-30 0001103982 mdlz:BiscuitsMember srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember 2019-01-01 2019-09-30 0001103982 mdlz:BiscuitsMember mdlz:AsiaMiddleEastandAfricaMember 2018-01-01 2018-09-30 0001103982 mdlz:GumAndCandyMember mdlz:AsiaMiddleEastandAfricaMember 2019-01-01 2019-09-30 0001103982 mdlz:GumAndCandyMember 2019-01-01 2019-09-30 0001103982 mdlz:GumAndCandyMember srt:NorthAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 srt:EuropeMember 2018-01-01 2018-09-30 0001103982 mdlz:ChocolateMember mdlz:AsiaMiddleEastandAfricaMember 2018-01-01 2018-09-30 0001103982 mdlz:GumAndCandyMember srt:LatinAmericaMember 2018-01-01 2018-09-30 0001103982 srt:LatinAmericaMember 2019-01-01 2019-09-30 0001103982 mdlz:BeveragesMember srt:EuropeMember 2019-01-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:NorthAmericaMember 2018-01-01 2018-09-30 0001103982 srt:EuropeMember 2019-01-01 2019-09-30 0001103982 mdlz:ChocolateMember 2019-01-01 2019-09-30 0001103982 mdlz:BiscuitsMember 2019-01-01 2019-09-30 0001103982 mdlz:ChocolateMember mdlz:AsiaMiddleEastandAfricaMember 2019-01-01 2019-09-30 0001103982 mdlz:BiscuitsMember srt:EuropeMember 2018-01-01 2018-09-30 0001103982 mdlz:ChocolateMember 2018-01-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:EuropeMember 2018-01-01 2018-09-30 0001103982 mdlz:BiscuitsMember srt:LatinAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember 2018-01-01 2018-09-30 0001103982 srt:NorthAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:AsiaMiddleEastandAfricaMember 2018-01-01 2018-09-30 0001103982 mdlz:GumAndCandyMember srt:EuropeMember 2019-01-01 2019-09-30 0001103982 mdlz:GumAndCandyMember mdlz:AsiaMiddleEastandAfricaMember 2018-01-01 2018-09-30 0001103982 mdlz:BeveragesMember srt:NorthAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:BiscuitsMember mdlz:AsiaMiddleEastandAfricaMember 2019-01-01 2019-09-30 0001103982 mdlz:ChocolateMember srt:NorthAmericaMember 2019-01-01 2019-09-30 0001103982 srt:LatinAmericaMember 2018-01-01 2018-09-30 0001103982 mdlz:ChocolateMember srt:EuropeMember 2019-01-01 2019-09-30 0001103982 mdlz:AsiaMiddleEastandAfricaMember 2019-01-01 2019-09-30 0001103982 srt:LatinAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 srt:LatinAmericaMember 2018-07-01 2018-09-30 0001103982 srt:EuropeMember 2018-07-01 2018-09-30 0001103982 srt:EuropeMember 2019-07-01 2019-09-30 0001103982 mdlz:AsiaMiddleEastandAfricaMember 2018-07-01 2018-09-30 0001103982 srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 srt:NorthAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:ChocolateMember mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:BeveragesMember 2019-07-01 2019-09-30 0001103982 mdlz:ChocolateMember srt:EuropeMember 2018-07-01 2018-09-30 0001103982 mdlz:BiscuitsMember srt:EuropeMember 2019-07-01 2019-09-30 0001103982 mdlz:BiscuitsMember 2018-07-01 2018-09-30 0001103982 mdlz:BeveragesMember srt:LatinAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:ChocolateMember srt:LatinAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:ChocolateMember mdlz:AsiaMiddleEastandAfricaMember 2018-07-01 2018-09-30 0001103982 mdlz:GumAndCandyMember srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:ChocolateMember srt:LatinAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:ChocolateMember 2019-07-01 2019-09-30 0001103982 mdlz:BiscuitsMember srt:NorthAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:LatinAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:BiscuitsMember srt:EuropeMember 2018-07-01 2018-09-30 0001103982 mdlz:BeveragesMember mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 mdlz:BeveragesMember srt:NorthAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:GumAndCandyMember srt:EuropeMember 2018-07-01 2018-09-30 0001103982 mdlz:GumAndCandyMember 2018-07-01 2018-09-30 0001103982 mdlz:GumAndCandyMember mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 mdlz:BiscuitsMember srt:LatinAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:GumAndCandyMember 2019-07-01 2019-09-30 0001103982 mdlz:GumAndCandyMember srt:LatinAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:BeveragesMember srt:LatinAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:GumAndCandyMember srt:NorthAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:BeveragesMember srt:EuropeMember 2019-07-01 2019-09-30 0001103982 mdlz:BeveragesMember srt:EuropeMember 2018-07-01 2018-09-30 0001103982 mdlz:BeveragesMember srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:BiscuitsMember mdlz:AsiaMiddleEastandAfricaMember 2019-07-01 2019-09-30 0001103982 mdlz:ChocolateMember srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:EuropeMember 2019-07-01 2019-09-30 0001103982 mdlz:GumAndCandyMember mdlz:AsiaMiddleEastandAfricaMember 2018-07-01 2018-09-30 0001103982 mdlz:ChocolateMember srt:NorthAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:BiscuitsMember 2019-07-01 2019-09-30 0001103982 mdlz:GumAndCandyMember srt:EuropeMember 2019-07-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:NorthAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:ChocolateMember srt:EuropeMember 2019-07-01 2019-09-30 0001103982 mdlz:CheeseAndGroceryMember mdlz:AsiaMiddleEastandAfricaMember 2018-07-01 2018-09-30 0001103982 mdlz:BiscuitsMember mdlz:AsiaMiddleEastandAfricaMember 2018-07-01 2018-09-30 0001103982 mdlz:BiscuitsMember srt:NorthAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:ChocolateMember 2018-07-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:LatinAmericaMember 2018-07-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember 2018-07-01 2018-09-30 0001103982 mdlz:BeveragesMember 2018-07-01 2018-09-30 0001103982 mdlz:GumAndCandyMember srt:LatinAmericaMember 2019-07-01 2019-09-30 0001103982 mdlz:BeveragesMember mdlz:AsiaMiddleEastandAfricaMember 2018-07-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember srt:EuropeMember 2018-07-01 2018-09-30 0001103982 mdlz:CheeseAndGroceryMember 2019-07-01 2019-09-30 0001103982 mdlz:BiscuitsMember srt:LatinAmericaMember 2019-07-01 2019-09-30 xbrli:pure mdlz:brand mdlz:director mdlz:country iso4217:USD xbrli:shares iso4217:USD xbrli:shares mdlz:claim iso4217:INR mdlz:arrangement iso4217:EUR mdlz:segment

Table of Contents

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
(Mark One)
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
OR
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                to                
Commission file number 1-16483
http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=13168956&doc=10
Mondelēz International, Inc.
(Exact name of registrant as specified in its charter)

Virginia
52-2284372
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
 
 
 
Three Parkway North,
 
Deerfield,
Illinois
60015
(Address of principal executive offices)
(Zip Code)
(Registrant’s telephone number, including area code) (847) 943-4000
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Tile of each class
 
Trading
Symbol(s)
 
Name of each exchange on which registered
Class A Common Stock, no par value
 
MDLZ
 
The Nasdaq Global Select Market
2.375% Notes due 2021
 
MDLZ21
 
The Nasdaq Stock Market LLC
1.000% Notes due 2022
 
MDLZ22
 
The Nasdaq Stock Market LLC
1.625% Notes due 2023
 
MDLZ23
 
The Nasdaq Stock Market LLC
1.625% Notes due 2027
 
MDLZ27
 
The Nasdaq Stock Market LLC
2.375% Notes due 2035
 
MDLZ35
 
The Nasdaq Stock Market LLC
4.500% Notes due 2035
 
MDLZ35A
 
The Nasdaq Stock Market LLC
3.875% Notes due 2045
 
MDLZ45
 
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  T    No  ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  T    No  ¨



Table of Contents

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
T
 
 
Accelerated filer  
Non-accelerated filer
 
 
Smaller reporting company 
 
 
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes    
No  T

At October 25, 2019, there were 1,439,824,371 shares of the registrant’s Class A Common Stock outstanding.
 



Table of Contents

Mondelēz International, Inc.
Table of Contents
 
 
 
Page No.
PART I - 
FINANCIAL INFORMATION
 
 
 
 
Item 1.
Financial Statements (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Item 2.
 
 
 
Item 3.
 
 
 
Item 4.
 
 
 
PART II -
OTHER INFORMATION
 
 
 
 
Item 1.
 
 
 
Item 1A.
 
 
 
Item 2.
 
 
 
Item 6.
 
 
 

In this report, for all periods presented, “we,” “us,” “our,” “the Company” and “Mondelēz International” refer to Mondelēz International, Inc. and subsidiaries. References to “Common Stock” refer to our Class A Common Stock.




Table of Contents

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements
Mondelēz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings
(in millions of U.S. dollars, except per share data)
(Unaudited)
 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Net revenues
$
6,355

 
$
6,288

 
$
18,955

 
$
19,165

Cost of sales
3,839

 
3,874

 
11,377

 
11,362

Gross profit
2,516

 
2,414

 
7,578

 
7,803

Selling, general and administrative expenses
1,466

 
1,508

 
4,386

 
4,939

Asset impairment and exit costs
134

 
125

 
169

 
290

Net gain on divestiture
(3
)
 

 
(44
)
 

Amortization of intangibles
43

 
44

 
130

 
132

Operating income
876

 
737

 
2,937

 
2,442

Benefit plan non-service income
(13
)
 
(19
)
 
(42
)
 
(47
)
Interest and other expense, net
205

 
86

 
386

 
414

Earnings before income taxes
684

 
670

 
2,593

 
2,075

Benefit/(provision) for income taxes
633

 
(310
)
 
228

 
(662
)
Net gain/(loss) on equity method
   investment transactions

 
757

 
(2
)
 
757

Equity method investment net earnings
111

 
80

 
337

 
399

Net earnings
1,428

 
1,197

 
3,156

 
2,569

Noncontrolling interest earnings
(5
)
 
(3
)
 
(12
)
 
(11
)
Net earnings attributable to
   Mondelēz International
$
1,423

 
$
1,194

 
$
3,144

 
$
2,558

Per share data:
 
 
 
 
 
 
 
Basic earnings per share attributable to
   Mondelēz International
$
0.98

 
$
0.81

 
$
2.17

 
$
1.73

Diluted earnings per share attributable to
   Mondelēz International
$
0.98

 
$
0.81

 
$
2.15

 
$
1.72


See accompanying notes to the condensed consolidated financial statements.


1


Table of Contents

Mondelēz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Comprehensive Earnings
(in millions of U.S. dollars)
(Unaudited)
 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Net earnings
$
1,428

 
$
1,197

 
$
3,156

 
$
2,569

Other comprehensive earnings/(losses), net of tax:
 
 
 
 
 
 
 
Currency translation adjustment
(314
)
 
(193
)
 
(157
)
 
(859
)
Pension and other benefit plans
86

 
46

 
150

 
209

Derivative cash flow hedges
43

 
25

 
(88
)
 
5

Total other comprehensive earnings/(losses)
(185
)
 
(122
)
 
(95
)
 
(645
)
Comprehensive earnings/(losses)
1,243

 
1,075

 
3,061

 
1,924

less: Comprehensive earnings/(losses) attributable to noncontrolling interests
(4
)
 

 
4

 
11

Comprehensive earnings/(losses) attributable to Mondelēz International
$
1,247

 
$
1,075

 
$
3,057

 
$
1,913


See accompanying notes to the condensed consolidated financial statements.


2


Table of Contents

Mondelēz International, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in millions of U.S. dollars, except share data)
(Unaudited)
 
September 30,
2019
 
December 31,
2018
ASSETS
 
 
 
Cash and cash equivalents
$
1,537

 
$
1,100

Trade receivables (net of allowances of $39 at September 30, 2019
 and $40 at December 31, 2018)
2,492

 
2,262

Other receivables (net of allowances of $48 at September 30, 2019
     and $47 at December 31, 2018)
683

 
744

Inventories, net
2,742

 
2,592

Other current assets
1,176

 
906

Total current assets
8,630

 
7,604

Property, plant and equipment, net
8,316

 
8,482

Operating lease right of use assets
596

 

Goodwill
20,465

 
20,725

Intangible assets, net
17,642

 
18,002

Prepaid pension assets
136

 
132

Deferred income taxes
696

 
255

Equity method investments
7,040

 
7,123

Other assets
374

 
406

TOTAL ASSETS
$
63,895

 
$
62,729

LIABILITIES
 
 
 
Short-term borrowings
$
3,253

 
$
3,192

Current portion of long-term debt
3,674

 
2,648

Accounts payable
5,322

 
5,794

Accrued marketing
1,745

 
1,756

Accrued employment costs
646

 
701

Other current liabilities
2,480

 
2,646

Total current liabilities
17,120

 
16,737

Long-term debt
12,593

 
12,532

Long-term operating lease liabilities
429

 

Deferred income taxes
3,232

 
3,552

Accrued pension costs
947

 
1,221

Accrued postretirement health care costs
355

 
351

Other liabilities
2,345

 
2,623

TOTAL LIABILITIES
37,021

 
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 September 30, 2019 and December 31, 2018)

 

Additional paid-in capital
31,998

 
31,961

Retained earnings
26,345

 
24,491

Accumulated other comprehensive losses
(10,717
)
 
(10,630
)
Treasury stock, at cost (555,861,683 shares at September 30, 2019 and
   545,537,923 shares at December 31, 2018)
(20,820
)
 
(20,185
)
Total Mondelēz International Shareholders’ Equity
26,806

 
25,637

Noncontrolling interest
68

 
76

TOTAL EQUITY
26,874

 
25,713

TOTAL LIABILITIES AND EQUITY
$
63,895

 
$
62,729

See accompanying notes to the condensed consolidated financial statements.

3


Table of Contents

Mondelēz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Equity
(in millions of U.S. dollars, except per share data)
(Unaudited)
 
Mondelēz International Shareholders’ Equity
 
 
 
 
 
Common
Stock
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Earnings/
(Losses)
 
Treasury
Stock
 
Non-controlling
Interest
 
Total
Equity
Three Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances at July 1, 2019
$

 
$
31,970

 
$
25,348

 
$
(10,541
)
 
$
(20,684
)
 
$
81

 
$
26,174

Comprehensive earnings/(losses):
 
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings

 

 
1,423

 

 

 
5

 
1,428

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

 

 

 
(176
)
 

 
(9
)
 
(185
)
Exercise of stock options and issuance of other stock awards

 
28

 
(15
)
 

 
70

 

 
83

Common Stock repurchased

 

 

 

 
(206
)
 

 
(206
)
Cash dividends declared ($0.285 per share)

 

 
(411
)
 

 

 

 
(411
)
Dividends paid on noncontrolling interest
     and other activities

 

 

 

 

 
(9
)
 
(9
)
Balances at September 30, 2019
$

 
$
31,998

 
$
26,345

 
$
(10,717
)
 
$
(20,820
)
 
$
68

 
$
26,874

Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances at January 1, 2019
$

 
$
31,961

 
$
24,491

 
$
(10,630
)
 
$
(20,185
)
 
$
76

 
$
25,713

Comprehensive earnings/(losses):
 
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings

 

 
3,144

 

 

 
12

 
3,156

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

 

 

 
(87
)
 

 
(8
)
 
(95
)
Exercise of stock options and issuance of other stock awards

 
37

 
(126
)
 

 
512

 

 
423

Common Stock repurchased

 

 

 

 
(1,147
)
 

 
(1,147
)
Cash dividends declared ($0.805 per share)

 

 
(1,164
)
 

 

 

 
(1,164
)
Dividends paid on noncontrolling interest
     and other activities

 

 

 

 

 
(12
)
 
(12
)
Balances at September 30, 2019
$

 
$
31,998

 
$
26,345

 
$
(10,717
)
 
$
(20,820
)
 
$
68

 
$
26,874

Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances at July 1, 2018
$

 
$
31,913

 
$
23,290

 
$
(10,523
)
 
$
(19,489
)
 
$
84

 
$
25,275

Comprehensive earnings/(losses):
 
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings

 

 
1,194

 

 

 
3

 
1,197

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

 

 

 
(119
)
 

 
(3
)
 
(122
)
Exercise of stock options and issuance of other stock awards

 
19

 
(30
)
 

 
67

 

 
56

Common Stock repurchased

 

 

 

 
(486
)
 

 
(486
)
Cash dividends declared ($0.26 per share)

 

 
(379
)
 

 

 

 
(379
)
Dividends paid on noncontrolling interest
     and other activities

 

 

 

 

 
(9
)
 
(9
)
Balances at September 30, 2018
$

 
$
31,932

 
$
24,075

 
$
(10,642
)
 
$
(19,908
)
 
$
75

 
$
25,532

Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances at January 1, 2018
$

 
$
31,915

 
$
22,631

 
$
(9,997
)
 
$
(18,555
)
 
$
80

 
$
26,074

Comprehensive earnings/(losses):
 
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings

 

 
2,558

 

 

 
11

 
2,569

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

 

 

 
(645
)
 

 

 
(645
)
Exercise of stock options and issuance of other stock awards

 
17

 
(90
)
 

 
283

 

 
210

Common Stock repurchased

 

 

 

 
(1,636
)
 

 
(1,636
)
Cash dividends declared ($0.70 per share)

 

 
(1,030
)
 

 

 

 
(1,030
)
Dividends paid on noncontrolling interest
     and other activities

 

 
6

 

 

 
(16
)
 
(10
)
Balances at September 30, 2018
$

 
$
31,932

 
$
24,075

 
$
(10,642
)
 
$
(19,908
)
 
$
75

 
$
25,532



See accompanying notes to the condensed consolidated financial statements.

4


Table of Contents

Mondelēz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(in millions of U.S. dollars)
(Unaudited)
 
For the Nine Months Ended
September 30,
 
2019
 
2018
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
 
 
 
Net earnings
$
3,156

 
$
2,569

Adjustments to reconcile net earnings to operating cash flows:
 
 
 
Depreciation and amortization
777

 
613

Stock-based compensation expense
101

 
92

U.S. tax reform transition tax
2

 
89

Deferred income tax provision/(benefit)
(738
)
 
179

Asset impairments and accelerated depreciation
103

 
120

Loss on early extinguishment of debt

 
140

Net gain on divestiture
(44
)
 

Net loss/(gain) on equity method investment transactions
2

 
(757
)
Equity method investment net earnings
(337
)
 
(399
)
Distributions from equity method investments
217

 
151

Other non-cash items, net
70

 
344

Change in assets and liabilities, net of acquisitions and divestitures:
 
 
 
Receivables, net
(217
)
 
(230
)
Inventories, net
(219
)
 
(431
)
Accounts payable
(259
)
 
(143
)
Other current assets
(113
)
 
41

Other current liabilities
(499
)
 
(320
)
Change in pension and postretirement assets and liabilities, net
(120
)
 
(173
)
Net cash provided by operating activities
1,882

 
1,885

CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES
 
 
 
Capital expenditures
(686
)
 
(810
)
Acquisition, net of cash received
(284
)
 
(528
)
Proceeds from divestiture, net of disbursements
166

 

Proceeds from sale of property, plant and equipment and other
69

 
136

Net cash used in investing activities
(735
)
 
(1,202
)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES
 
 
 
Issuances of commercial paper, maturities greater than 90 days
809

 
2,433

Repayments of commercial paper, maturities greater than 90 days
(2,367
)
 
(1,494
)
Net issuances of other short-term borrowings
1,637

 
403

Long-term debt proceeds
1,596

 
2,948

Long-term debt repaid
(415
)
 
(1,821
)
Repurchase of Common Stock
(1,143
)
 
(1,650
)
Dividends paid
(1,131
)