0001103982-25-000127 | 10-Q | XBRL Viewer | Mondelez International INC

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Basis of Presentation - Changes in Allowances for Credit Losses (Details) $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($)
Allowance for Trade Receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ (37)
Currency and other	0
Ending balance	(37)
Allowance for Other Current Receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	(37)
Currency and other	(1)
Ending balance	(38)
Allowance for Long-Term Receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	(16)
Currency and other	(1)
Ending balance	$ (17)

Stock Plans

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock Plans

Note 11. Stock Plans

Stock Options

Stock option activity is reflected below:


	Shares Subject to Option	Weighted- Average Exercise or Grant Price Per Share	Average Remaining Contractual Term	Aggregate Intrinsic Value
Balance at January 1, 2025	16,479,169	$54.51	5 years	$	135	million
Annual grant to eligible employees	1,989,760	65.09


Options exercised (1)	(1,131,487)	39.97		$	26	million
Options canceled	(148,672)	66.01
Balance at March 31, 2025	17,188,770	56.59	6 years	$	205	million

(1)Cash received from options exercised was $44 million in the three months ended March 31, 2025. We recognized $4 million of excess income tax benefits from stock option exercises in the three months ended March 31, 2025.

Performance Share Units and Other Stock-Based Awards

Our performance share unit (PSU), deferred stock unit (DSU) and other stock-based activity is reflected below:


	Number of Shares	Weighted-Average Fair Value Per Share (4)	Weighted-Average Aggregate Fair Value (3)
Balance at January 1, 2025	4,536,574	$67.76
Annual grant to eligible employees:
Performance share units	1,194,640	69.49
Deferred stock units	826,180	65.09
Additional shares granted (1)	744,905	59.73
Total shares granted	2,765,725	65.55	$	181	million
Vested (2) (3)	(1,397,324)	63.30	$	88	million
Forfeited (2)	(140,406)	69.14
Balance at March 31, 2025	5,764,569	67.74

(1)Includes primarily DSUs and incremental PSUs issued over target.

(2)Includes PSUs, DSUs and other stock-based awards.

(3)We recognized $1 million of income tax shortfalls upon vesting of PSUs and DSUs in the three months ended March 31, 2025.

(4)The grant date fair value of PSUs 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

Effective January 1, 2025, our Board of Directors replaced our prior share repurchase program by approving a program authorizing the repurchase of up to $9.0 billion of our Common Stock through December 31, 2027. Repurchases under the program are determined by management and are wholly discretionary.

During the three months ended March 31, 2025, we repurchased approximately 25 million shares of Common Stock at an average cost of $57.91 per share, or an aggregate cost of approximately $1.5 billion, all of which was paid during the period. All share repurchases were funded through available cash and commercial paper issuances. As of March 31, 2025, we have approximately $7.5 billion in remaining share repurchase capacity.

Commitments and Contingencies (Details) - Jun. 30, 2024 € in Millions, $ in Millions	USD ($)	EUR (€)
Investigation By European Commission
Loss Contingencies [Line Items]
Loss contingency, accrual, current	$ 376	€ 337.5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Debt and Borrowing Arrangements

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Debt and Borrowing Arrangements

Note 7. Debt and Borrowing Arrangements

Short-Term Borrowings

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


	As of March 31, 2025				As of December 31, 2024
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions, except percentages)
Commercial paper	$	1,843	4.6	%	$	—	—	%
Bank loans	71		10.8	%	71		12.1	%
Total short-term borrowings	$	1,914			$	71

Our uncommitted credit lines and committed credit lines available include:


	As of March 31, 2025				As of December 31, 2024
	Facility Amount		Borrowed Amount		Facility Amount		Borrowed Amount
	(in millions)
Uncommitted credit facilities	$	864	$	71	$	784	$	71
Credit facilities (1):
February 19, 2025	—		—		1,500		—
February 18, 2026	1,500		—		—		—
February 23, 2027	—		—		4,500		—
February 19, 2030	4,500		—		—		—

(1)On February 19, 2025, our $1.5 billion 364-day senior unsecured revolving credit agreement dated as of February 21, 2024 expired and we entered into a $1.5 billion 364-day senior unsecured revolving credit agreement that will expire on February 18, 2026. Additionally, we early terminated our $4.5 billion five-year senior unsecured revolving credit agreement dated as of February 23, 2022, and entered into a $4.5 billion five-year senior unsecured revolving credit agreement that will expire on February 19, 2030.

We maintain senior unsecured revolving credit facilities for general corporate purposes, including working capital needs, and to support our commercial paper program. The revolving credit agreements include a covenant that we maintain a minimum shareholders' equity of at least $25.0 billion, excluding accumulated other comprehensive earnings/(losses), the cumulative effects of any changes in accounting principles and earnings/(losses) recognized in connection with any mark-to-market accounting for pensions and other retirement plans. At March 31, 2025, we complied with this covenant. The revolving credit facility also contains customary representations, covenants and events of default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security.

Debt Repayments

During the three months ended March 31, 2025, we repaid the following notes (in millions):

Interest Rate

Maturity Date

Amount

USD Equivalent

3.250%

March 2025

C$600

$417

During the three months ended March 31, 2024, we repaid the following notes (in millions):

Interest Rate

Maturity Date

Amount

USD Equivalent

2.125%

March 2024

$500

Debt Issuances

During the three months ended March 31, 2025, we did not complete any debt issuances.

During the three months ended March 31, 2024, we issued the following notes (in millions):

Issuance Date

Interest Rate

Maturity Date

Principal Amount

USD Equivalent

February 2024

4.750%

February 2029

$550

Fair Value of Our Debt

The fair value of our short-term borrowings reflects current market interest rates and approximates the amounts we have recorded on our condensed consolidated balance sheets. The fair value of substantially all of our long-term debt was determined using quoted prices in active markets (Level 1 valuation data).


	As of March 31, 2025		As of December 31, 2024
	(in millions)
Fair Value	$	17,683	$	15,846
Carrying Value	$	19,538	$	17,749

Interest and Other Expense, net

Interest and other expense, net consisted of:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Interest expense	$	137	$	122
Other expense/(income), net	16		(54)
Interest and other expense, net	$	153	$	68

Other expense/(income), net includes amortization of amounts excluded from our assessment of hedge effectiveness related to our net investment hedge derivative contracts, foreign currency transaction gains and losses on certain foreign currency denominated assets and liabilities, gains and losses on certain foreign currency derivative contracts, interest income and other non-operating items. Refer to Note 8, Financial Instruments for additional information about our hedging activities.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Reclassifications from Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Reclassifications from Accumulated Other Comprehensive Income

Note 12. Reclassifications from Accumulated Other Comprehensive Income

The following table summarizes the changes in 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)/gains of $(47) million in the first quarter of 2025 and $23 million in the first quarter of 2024.


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(11,017)	$	(9,574)
Currency translation adjustments	549		(182)


Tax effect	(13)		(40)
Other comprehensive earnings/(losses)	536		(222)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(7)		6
Balance at end of period	(10,488)		(9,790)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,402)	$	(1,323)
Net actuarial gain/(loss) arising during period	—		(5)

Losses/(gains) reclassified into net earnings:
Amortization of net loss and prior service (1)	14		12
Settlement losses (1)	4		6

Tax expense/(benefit) on reclassifications (3)	(2)		(4)
Currency impact	(44)		29
Other comprehensive earnings/(losses)	(28)		38
Balance at end of period	(1,430)		(1,285)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(52)	$	(49)
Net derivative gains/(losses)	(37)		25
Tax effect on net derivative gain/(loss)	1		3
Losses/(gains) reclassified into net earnings:

Interest rate contracts (2)	28		(36)
Tax expense/(benefit) on reclassifications (3)	3		(1)
Currency impact	(4)		1
Other comprehensive earnings/(losses)	(9)		(8)
Balance at end of period	(61)		(57)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(12,471)	$	(10,946)
Total other comprehensive earnings/(losses)	499		(192)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(7)		6
Other comprehensive earnings/(losses) attributable to Mondelēz International	492		(186)
Balance at end of period	$	(11,979)	$	(11,132)

(1)These reclassified losses are included in net periodic benefit costs disclosed in Note 9, Benefit Plans.

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

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

Debt and Borrowing Arrangements - Uncommitted and Committed Credit Lines Available (Details) - Line of Credit - USD ($)

Feb. 19, 2025

Mar. 31, 2025

Dec. 31, 2024

Uncommitted credit facilities

Debt Instrument [Line Items]

Facility Amount

$ 864,000,000

$ 784,000,000

Borrowed Amount

71,000,000

Credit Facility Expiring February 19, 2025

Debt Instrument [Line Items]

Facility Amount

^[1]

$ 1,500,000,000

1,500,000,000

Borrowed Amount

^[1]

Debt instrument, term

364 days

Credit Facility Maturing February 18, 2026

Debt Instrument [Line Items]

Facility Amount

^[1]

1,500,000,000

Borrowed Amount

^[1]

Credit Facility Expiring February 23, 2027

Debt Instrument [Line Items]

Facility Amount

^[1]

$ 4,500,000,000

4,500,000,000

Borrowed Amount

^[1]

Debt instrument, term

5 years

Credit Facility Maturing February 19, 2030

Debt Instrument [Line Items]

Facility Amount

^[1]

$ 4,500,000,000

4,500,000,000

Borrowed Amount

^[1]

$ 0

Debt instrument, term

5 years

Senior Unsecured Revolving Credit Facility | Revolving Credit Agreement | Minimum

Debt Instrument [Line Items]

Total shareholders' equity, excluding accumulated other comprehensive earnings/(losses)

$ 25,000,000,000

Credit Facility Maturing February 18, 2026

Debt Instrument [Line Items]

Facility Amount

^[1]

$ 1,500,000,000

Debt instrument, term

364 days

[1]

Benefit Plans - Components of Net Periodic Pension Cost/(Benefit) (Details) - Pension Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 1
Interest cost	9	15
Expected return on plan assets	(13)	(23)
Amortization of net loss and prior service cost	0	0
Settlement losses and other expenses	4	6
Net periodic pension benefit	1	(1)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	15	15
Interest cost	69	71
Expected return on plan assets	(104)	(108)
Amortization of net loss and prior service cost	17	16
Settlement losses and other expenses	0	0
Net periodic pension benefit	$ (3)	$ (6)

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

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


	As of March 31, 2025				As of December 31, 2024
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)
Derivatives designated as accounting hedges:
Interest rate contracts (1)	$	63	$	60	$	84	$	35

Net investment hedge derivative contracts (2)	244		201		305		50
	$	307	$	261	$	389	$	85
Derivatives not designated as accounting hedges:
Currency exchange contracts	$	176	$	146	$	302	$	118
Commodity contracts	911		752		2,205		1,522
Interest rate contracts	3		—		3		—

	$	1,090	$	898	$	2,510	$	1,640
Total fair value	$	1,397	$	1,159	$	2,899	$	1,725

(1)Interest rate contracts designated as cash flow hedging instruments.

(2)Net investment hedge derivative contracts consist of cross-currency interest rate swaps, forward contracts and options. 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 7, 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.

Fair Value of Offsetting Assets

We recorded the fair value of our derivative instruments in the condensed consolidated balance sheets as follows:


	As of March 31, 2025		As of December 31, 2024
	(in millions)
Other current assets	$	1,164	$	2,545
Other assets	233		354
Other current liabilities	1,000		1,641
Other liabilities	159		84

Fair Value of Offsetting Liabilities

We recorded the fair value of our derivative instruments in the condensed consolidated balance sheets as follows:


	As of March 31, 2025		As of December 31, 2024
	(in millions)
Other current assets	$	1,164	$	2,545
Other assets	233		354
Other current liabilities	1,000		1,641
Other liabilities	159		84

Summary of Derivative Instrument Fair Value Measurement Inputs

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


	As of March 31, 2025
	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	$	30	$	—	$	30	$	—
Commodity contracts	159		106		53		—
Interest rate contracts	6		—		6		—
Net investment hedge contracts	43		—		43		—

Total derivatives	$	238	$	106	$	132	$	—


	As of December 31, 2024
	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	$	184	$	—	$	184	$	—
Commodity contracts	683		(111)		794		—
Interest rate contracts	52		—		52		—
Net investment hedge contracts	255		—		255		—

Total derivatives	$	1,174	$	(111)	$	1,285	$	—

Schedule of Notional Values of Derivative Instruments

The gross notional values of our hedging instruments were:


	Notional Amount
	As of March 31, 2025		As of December 31, 2024
	(in millions)
Currency exchange contracts	$	16,284	$	13,538
Commodity contracts	17,142		16,210
Interest rate contracts	4,536		5,336
Net investment hedges:
Net investment hedge derivative contracts	9,421		8,647
Non-U.S. dollar debt designated as net investment hedges:
Euro notes	3,446		3,298
Swiss franc notes	226		220
Canadian dollar notes	452		869

Schedule of Net Investment Hedges

Net investment hedge derivative contract impacts on other comprehensive earnings and net earnings were:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
(Loss)/gain on NIH contracts (1)	$	(201)	$	220
Amounts excluded from the assessment of hedge effectiveness (2)	57		41

(1)Amounts recorded for unsettled and settled NIH derivative contracts are recorded within the cumulative translation adjustment section of other comprehensive earnings/(losses).

(2)We assess the effectiveness of NIH relationships based on spot rates and amortize the initial value attributable to the excluded component to earnings over the life of the hedging instrument within interest and other expense, net.

ains/(losses) related to non-U.S. dollar debt designated as hedges of net investments in international operations, which are recorded within the cumulative translation adjustment section of other comprehensive earnings/(losses), were:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Euro notes	$	(147)	$	79

Swiss franc notes	(6)		26
Canadian notes	—		10

Summary of Economic Hedges

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


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Currency exchange contracts:
Cost of sales	$	(131)	$	25
Selling, general and administrative expenses	—		7
Interest and other expense, net	90		56
Commodity contracts - Cost of sales	(409)		1,184

Total	$	(450)	$	1,272

Schedule of Contingent Consideration

The following is a summary of our contingent consideration liability activity:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Liability at beginning of period	$	179	$	680

Changes in fair value	(12)		23


Liability at end of period	$	167	$	703

Contingent consideration was recorded at fair value in the condensed consolidated balance sheets as follows:


	As of March 31, 2025
	Total Fair Value of Liability		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Clif Bar (1)	$	99	$	—	$	—	$	99
Other (2)	68		—		—		68
Total contingent consideration	$	167	$	—	$	—	$	167


	As of December 31, 2024
	Total Fair Value of Liability		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Clif Bar (1)	$	124	$	—	$	—	$	124
Other (2)	55		—		—		55
Total contingent consideration	$	179	$	—	$	—	$	179

(1)In connection with the Clif Bar acquisition, we entered into a contingent consideration arrangement that may require us to pay additional consideration to the sellers for achieving certain net revenue, gross profit and EBITDA targets in 2025 and 2026 that exceed our base financial projections for the business implied in the upfront purchase price. The possible payments range from zero to a maximum total of $2.4 billion, with higher payouts requiring the achievement of targets that generate rates of returns in excess of the base financial projections. The contingent consideration liabilities are recorded at fair value and primarily recorded in other liabilities as of March 31, 2025 and December 31, 2024. The estimated fair value of the contingent consideration obligation is determined using a Monte Carlo simulation. Significant assumptions used in assessing the fair value of the liability include financial projections for net revenue, gross profit and EBITDA, as well as discount and volatility rates. Fair value adjustments are primarily recorded in selling, general and administrative expenses in the condensed consolidated statement of earnings.

(2)The other contingent consideration liabilities are recorded at fair value and recorded in other liabilities as of March 31, 2025 and December 31, 2024. Fair value adjustments were recorded in selling, general and administrative expenses in the condensed consolidated statement of earnings.

Financial Instruments - Non-U.S. Dollar Debt Designated as Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Euro notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ (147)	$ 79
Swiss franc notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	(6)	26
Canadian notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ 0	$ 10

Acquisitions and Divestitures (Details) ¥ in Millions, $ in Millions			3 Months Ended
	Nov. 01, 2024 USD ($)	Nov. 01, 2024 JPY (¥)	Mar. 31, 2025 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Cash consideration paid			$ 15	$ 0
Goodwill			23,439		$ 23,017	$ 23,896
Acquisition-related costs			8
Divestitures
Business Acquisition [Line Items]
Gain (loss) on divestitures			$ 4
Divestiture-related costs				4
Evirth
Business Acquisition [Line Items]
Cash consideration paid	$ 255	¥ 1,800
Goodwill	125
Goodwill deductible for income tax purposes	0
Acquisition integration costs				$ 43
Evirth \| Customer Relationships
Business Acquisition [Line Items]
Definite-lived intangible assets acquired	$ 117
Estimated useful life	17 years	17 years

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Inventories

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Inventories

Note 3. Inventories

Inventories consisted of the following:


	As of March 31, 2025		As of December 31, 2024
	(in millions)
Raw materials	$	1,159	$	1,058
Finished product	3,269		2,940
	4,428		3,998
Inventory reserves	(173)		(171)
Inventories, net	$	4,255	$	3,827

Financial Instruments - Net Investment Hedge Derivative Contracts (Details) - Net investment hedges - Net investment hedge derivative contracts - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2025

Mar. 31, 2024

Derivative Instruments, Gain (Loss) [Line Items]

After-tax (loss)/gain on NIH contracts

^[1]

$ (201)

$ 220

Amounts excluded from the assessment of hedge effectiveness

$ 57

$ 41

[1]

Amounts recorded for unsettled and settled NIH derivative contracts are recorded within the cumulative translation adjustment section of other comprehensive earnings/(losses).

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Inventory Disclosure [Abstract]
Raw materials	$ 1,159	$ 1,058
Finished product	3,269	2,940
Inventories, gross	4,428	3,998
Inventory reserves	(173)	(171)
Inventories, net	$ 4,255	$ 3,827

Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2025

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Pension Cost/(Benefit)

Net periodic pension cost/(benefit) 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,
	2025		2024		2025		2024
	(in millions)
Service cost	$	1	$	1	$	15	$	15
Interest cost	9		15		69		71
Expected return on plan assets	(13)		(23)		(104)		(108)
Amortization of net loss and prior service cost	—		—		17		16

Settlement losses	4		6		—		—
Net periodic pension cost/(benefit)	$	1	$	(1)	$	(3)	$	(6)

Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Dec. 31, 2024
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	$ 4,536	$ 5,336
Net investment hedge contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	9,421	$ 8,647
Cash flow hedges \| Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfer of losses (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months	$ (24)
Hedged forecasted transaction period	4 years
Net investment hedges \| Net investment hedge contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	$ 9,400

Segment Reporting - Operating Income by Segment (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2025

Mar. 31, 2024

Segment Reporting Information [Line Items]

Net revenues

$ 9,313

$ 9,290

Cost of sales

(6,883)

(4,540)

Selling, general and administrative expenses

(1,711)

(1,938)

Operating income

680

2,727

Amortization of intangible assets

(37)

(38)

Operating Segments

Segment Reporting Information [Line Items]

Net revenues

9,313

9,290

Cost of sales

(6,209)

(5,666)

Selling, general and administrative expenses

(1,675)

(1,916)

^[1]

Operating income

1,429

1,708

Mark-to-market gains on commodity and foreign currency derivatives

(669)

1,124

General corporate expenses

(43)

(67)

Amortization of intangible assets

(37)

(38)

Latin America

Segment Reporting Information [Line Items]

Net revenues

1,203

1,319

Latin America | Operating Segments

Segment Reporting Information [Line Items]

Net revenues

1,203

1,319

Cost of sales

(815)

(866)

Selling, general and administrative expenses

(249)

(296)

^[1]

Operating income

139

157

AMEA

Segment Reporting Information [Line Items]

Net revenues

2,016

1,950

AMEA | Operating Segments

Segment Reporting Information [Line Items]

Net revenues

2,016

1,950

Cost of sales

(1,270)

(1,138)

Selling, general and administrative expenses

(403)

(401)

^[1]

Operating income

343

411

Europe

Segment Reporting Information [Line Items]

Net revenues

3,550

3,368

Europe | Operating Segments

Segment Reporting Information [Line Items]

Net revenues

3,550

3,368

Cost of sales

(2,541)

(2,137)

Selling, general and administrative expenses

(547)

(640)

^[1]

Operating income

462

591

North America

Segment Reporting Information [Line Items]

Net revenues

2,544

2,653

North America | Operating Segments

Segment Reporting Information [Line Items]

Net revenues

2,544

2,653

Cost of sales

(1,583)

(1,525)

Selling, general and administrative expenses

(476)

(579)

^[1]

Operating income

$ 485

$ 549

[1]	(1) SG&A for all reportable segments includes: Advertising & consumer expenses and overhead expenses.

Earnings per Share - Summary (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Earnings Per Share [Abstract]
Net earnings	$ 407	$ 1,416
less: Noncontrolling interest earnings	(5)	(4)
Net earnings attributable to Mondelēz International	$ 402	$ 1,412
Weighted-average shares for basic EPS (in shares)	1,301	1,348
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares (in shares)	4	7
Weighted-average shares for diluted EPS (in shares)	1,305	1,355
Basic earnings per share attributable to Mondelēz International (in dollars per share)	$ 0.31	$ 1.05
Diluted earnings per share attributable to Mondelēz International (in dollars per share)	$ 0.31	$ 1.04

- Definition

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

+ References

+ 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

+ Details

- Definition

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

+ References

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+ Details

Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

Changes in goodwill consisted of:


	Latin America		AMEA		Europe		North America		Total
	(in millions)
January 1, 2024	$	1,607	$	3,065	$	8,350	$	10,874	$	23,896
Currency	(291)		(147)		(508)		(55)		(1,001)
Acquisition (1)	—		122		—		—		122


Balance at December 31, 2024	$	1,316	$	3,040	$	7,842	$	10,819	$	23,017
Currency	40		14		366		(1)		419
Other (1)	—		3		—		—		3


Balance at March 31, 2025	$	1,356	$	3,057	$	8,208	$	10,818	$	23,439

(1)Relates to purchase price allocation and subsequent adjustments for Evirth. See Note 2, Acquisitions and Divestitures for additional information.

Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:


	As of March 31, 2025						As of December 31, 2024
	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
	(in millions)
Indefinite-life intangible assets (1)	$	18,081	$	—	$	18,081	$	17,770	$	—	$	17,770
Definite-life intangible assets	3,360		(2,311)		1,049		3,306		(2,228)		1,078
Total	$	21,441	$	(2,311)	$	19,130	$	21,076	$	(2,228)	$	18,848

(1)We recorded intangible asset impairments of $153 million in 2024 within asset impairment and exit costs in the condensed consolidated statement of earnings.

Schedule of Indefinite-Lived Intangible Assets

Intangible assets consisted of the following:


	As of March 31, 2025						As of December 31, 2024
	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
	(in millions)
Indefinite-life intangible assets (1)	$	18,081	$	—	$	18,081	$	17,770	$	—	$	17,770
Definite-life intangible assets	3,360		(2,311)		1,049		3,306		(2,228)		1,078
Total	$	21,441	$	(2,311)	$	19,130	$	21,076	$	(2,228)	$	18,848

(1)We recorded intangible asset impairments of $153 million in 2024 within asset impairment and exit costs in the condensed consolidated statement of earnings.

Schedule of Annual Amortization Expense

For the next five years, we estimate annual amortization expense of approximately (reflecting March 31, 2025 exchange rates):


	(in millions)
2025	$	140
2026	110
2027	90
2028	85
2029	85

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2025	Apr. 23, 2025
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2025
Document Transition Report	false
Entity File Number	1-16483
Entity Registrant Name	Mondelēz International, Inc.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	52-2284372
Entity Address, Address Line One	905 West Fulton Market
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60607
City Area Code	847
Local Phone Number	943-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,294,815,373
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001103982
Current Fiscal Year End Date	--12-31
Class A Common Stock, no par value
Entity Information [Line Items]
Title of 12(b) Security	Class A Common Stock, no par value
Trading Symbol	MDLZ
Security Exchange Name	NASDAQ
1.625% Notes due 2027
Entity Information [Line Items]
Title of 12(b) Security	1.625% Notes due 2027
Trading Symbol	MDLZ27
Security Exchange Name	NASDAQ
0.250% Notes due 2028
Entity Information [Line Items]
Title of 12(b) Security	0.250% Notes due 2028
Trading Symbol	MDLZ28
Security Exchange Name	NASDAQ
0.750% Notes due 2033
Entity Information [Line Items]
Title of 12(b) Security	0.750% Notes due 2033
Trading Symbol	MDLZ33
Security Exchange Name	NASDAQ
2.375% Notes due 2035
Entity Information [Line Items]
Title of 12(b) Security	2.375% Notes due 2035
Trading Symbol	MDLZ35
Security Exchange Name	NASDAQ
4.500% Notes due 2035
Entity Information [Line Items]
Title of 12(b) Security	4.500% Notes due 2035
Trading Symbol	MDLZ35A
Security Exchange Name	NASDAQ
1.375% Notes due 2041
Entity Information [Line Items]
Title of 12(b) Security	1.375% Notes due 2041
Trading Symbol	MDLZ41
Security Exchange Name	NASDAQ
3.875% Notes due 2045
Entity Information [Line Items]
Title of 12(b) Security	3.875% Notes due 2045
Trading Symbol	MDLZ45
Security Exchange Name	NASDAQ

Reclassifications from Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

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


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(11,017)	$	(9,574)
Currency translation adjustments	549		(182)


Tax effect	(13)		(40)
Other comprehensive earnings/(losses)	536		(222)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(7)		6
Balance at end of period	(10,488)		(9,790)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,402)	$	(1,323)
Net actuarial gain/(loss) arising during period	—		(5)

Losses/(gains) reclassified into net earnings:
Amortization of net loss and prior service (1)	14		12
Settlement losses (1)	4		6

Tax expense/(benefit) on reclassifications (3)	(2)		(4)
Currency impact	(44)		29
Other comprehensive earnings/(losses)	(28)		38
Balance at end of period	(1,430)		(1,285)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(52)	$	(49)
Net derivative gains/(losses)	(37)		25
Tax effect on net derivative gain/(loss)	1		3
Losses/(gains) reclassified into net earnings:

Interest rate contracts (2)	28		(36)
Tax expense/(benefit) on reclassifications (3)	3		(1)
Currency impact	(4)		1
Other comprehensive earnings/(losses)	(9)		(8)
Balance at end of period	(61)		(57)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(12,471)	$	(10,946)
Total other comprehensive earnings/(losses)	499		(192)
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	(7)		6
Other comprehensive earnings/(losses) attributable to Mondelēz International	492		(186)
Balance at end of period	$	(11,979)	$	(11,132)

(1)These reclassified losses are included in net periodic benefit costs disclosed in Note 9, Benefit Plans.

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

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

Basis of Presentation

3 Months Ended

Mar. 31, 2025

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, 2024.

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 in common stock or in-substance common stock over which we exercise significant influence under the equity method of accounting.

Highly Inflationary Accounting

Within our consolidated entities, Argentina, Türkiye, Egypt and Nigeria are accounted for as highly inflationary countries. Argentina, Türkiye, Egypt and Nigeria represent 1.5%, 0.8%, 0.4% and 0.3%, respectively, of our consolidated net revenues for the three months ended March 31, 2025. The aggregate losses from remeasurements of monetary assets and liabilities into our reporting currency for the highly inflationary countries were $(7) million and $(8) million for the three months ended March 31, 2025 and 2024, respectively. Given the continued volatility of these currencies, impacts to our financial statements in future periods could be significantly different from historical levels.

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. Restricted cash primarily includes cash held on behalf of financial institutions in accordance with accounts receivable factoring arrangements and letters of credit arrangements with legally restricted cash collateral provisions. Restricted cash is recorded within other current assets and was $64 million as of March 31, 2025 and $49 million as of December 31, 2024. Total cash, cash equivalents and restricted cash was $1,625 million as of March 31, 2025 and $1,400 million as of December 31, 2024.

Allowances for Credit Losses

Changes in allowances for credit losses consisted of:


	Allowance for Trade Receivables		Allowance for Other Current Receivables		Allowance for Long-Term Receivables
	(in millions)
Balance at January 1, 2025	$	(37)	$	(37)	$	(16)



Currency and other	—		(1)		(1)
Balance at March 31, 2025	$	(37)	$	(38)	$	(17)

Transfers of Financial Assets

The outstanding principal amount of receivables under our uncommitted revolving non-recourse accounts receivable factoring arrangements amounted to $576 million as of March 31, 2025 and $159 million as of December 31, 2024. 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.

Non-Cash Lease Transactions

We recorded $38 million in operating lease and $51 million in finance lease right-of-use assets obtained in exchange for lease obligations during the three months ended March 31, 2025 and $12 million in operating lease

and $22 million in finance lease right-of-use assets obtained in exchange for lease obligations during the three months ended March 31, 2024.

Supply Chain Financing

As part of our continued efforts to improve our working capital efficiency, we have worked with our suppliers over the past several years to optimize our terms and conditions, which include the extension of payment terms. We also facilitate voluntary supply chain financing (“SCF”) programs through several participating financial institutions. Amounts due to our suppliers that elected to participate in the SCF program are included in accounts payable in our consolidated balance sheets. Our outstanding obligations confirmed as valid under our SCF program are $3.7 billion and $3.5 billion as of March 31, 2025 and December 31, 2024, respectively.

New Accounting Pronouncements

In December 2023, the FASB issued an Accounting Standards Update ("ASU") which enhances the transparency of annual income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The ASU is effective for fiscal years beginning after December 15, 2024 and early adoption is permitted. We are currently assessing the impact on our consolidated financial statements and related disclosures.

In November 2024, the FASB issued an ASU that requires incremental disclosures in the notes to the financial statements to disaggregate certain income statement expense line items. The ASU is effective for fiscal years beginning after December 15, 2026 and early adoption is permitted. We are currently assessing the impact on our consolidated financial statements and related disclosures.

Segment Reporting - Narrative (Details)	3 Months Ended
Segment Reporting - Narrative (Details)	Mar. 31, 2025 segment
Segment Reporting [Abstract]
Number of operating segments	4

Property, Plant and Equipment - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 18,292	$ 17,616
Accumulated depreciation	(8,525)	(8,135)
Property, plant and equipment, net	9,767	9,481
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	383	373
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,602	3,453
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	13,340	12,732
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 967	$ 1,058

Earnings per Share - Narrative (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Stock Options and Performance Share Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive stock options excluded from the calculation of diluted EPS (in shares)	6.4	2.7

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

Mar. 31, 2025

Dec. 31, 2024

Derivatives, Fair Value [Line Items]

Asset Derivatives

$ 1,397

$ 2,899

Liability Derivatives

1,159

1,725

Derivatives designated as accounting hedges

Derivatives, Fair Value [Line Items]

Asset Derivatives

307

389

Liability Derivatives

261

Derivatives designated as accounting hedges | Interest rate contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

Liability Derivatives

Derivatives designated as accounting hedges | Net investment hedge derivative contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

^[1]

244

305

Liability Derivatives

^[1]

201

Derivatives not designated as accounting hedges

Derivatives, Fair Value [Line Items]

Asset Derivatives

1,090

2,510

Liability Derivatives

898

1,640

Derivatives not designated as accounting hedges | Interest rate contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

Liability Derivatives

Derivatives not designated as accounting hedges | Currency exchange contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

176

302

Liability Derivatives

146

118

Derivatives not designated as accounting hedges | Commodity contracts

Derivatives, Fair Value [Line Items]

Asset Derivatives

911

2,205

Liability Derivatives

$ 752

$ 1,522

[1]

Net investment hedge derivative contracts consist of cross-currency interest rate swaps, forward contracts and options. 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 7, 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.

Financial Instruments - Notional Values of Hedging Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Euro notes \| Non-U.S. dollar debt designated as net investment hedges:
Derivative [Line Items]
Notional Amount	$ 3,446	$ 3,298
Swiss franc notes \| Non-U.S. dollar debt designated as net investment hedges:
Derivative [Line Items]
Notional Amount	226	220
Canadian dollar notes \| Non-U.S. dollar debt designated as net investment hedges:
Derivative [Line Items]
Notional Amount	452	869
Currency exchange contracts \| Intercompany Loans And Forecasted Interest Payments
Derivative [Line Items]
Notional Amount	16,284	13,538
Commodity contracts
Derivative [Line Items]
Notional Amount	17,142	16,210
Interest rate contracts
Derivative [Line Items]
Notional Amount	4,536	5,336
Net investment hedge derivative contracts
Derivative [Line Items]
Notional Amount	9,421	$ 8,647
Net investment hedge derivative contracts \| Non-U.S. dollar debt designated as net investment hedges:
Derivative [Line Items]
Notional Amount	$ 9,400

Inventories (Tables)

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Schedule of Components of Inventories

Inventories consisted of the following:


	As of March 31, 2025		As of December 31, 2024
	(in millions)
Raw materials	$	1,159	$	1,058
Finished product	3,269		2,940
	4,428		3,998
Inventory reserves	(173)		(171)
Inventories, net	$	4,255	$	3,827

Reclassifications from Accumulated Other Comprehensive Income - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Equity [Abstract]
Net gains (losses) reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax)	$ (47)	$ 23

- Definition

Amount after tax of reclassification adjustments of other comprehensive income (loss).

+ References + Details

Stock Plans (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

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, 2025	16,479,169	$54.51	5 years	$	135	million
Annual grant to eligible employees	1,989,760	65.09


Options exercised (1)	(1,131,487)	39.97		$	26	million
Options canceled	(148,672)	66.01
Balance at March 31, 2025	17,188,770	56.59	6 years	$	205	million

Schedule of Performance Share Units and Other Stock-Based Awards Activity

Our performance share unit (PSU), deferred stock unit (DSU) and other stock-based activity is reflected below:


	Number of Shares	Weighted-Average Fair Value Per Share (4)	Weighted-Average Aggregate Fair Value (3)
Balance at January 1, 2025	4,536,574	$67.76
Annual grant to eligible employees:
Performance share units	1,194,640	69.49
Deferred stock units	826,180	65.09
Additional shares granted (1)	744,905	59.73
Total shares granted	2,765,725	65.55	$	181	million
Vested (2) (3)	(1,397,324)	63.30	$	88	million
Forfeited (2)	(140,406)	69.14
Balance at March 31, 2025	5,764,569	67.74

(1)Includes primarily DSUs and incremental PSUs issued over target.

(2)Includes PSUs, DSUs and other stock-based awards.

(3)We recognized $1 million of income tax shortfalls upon vesting of PSUs and DSUs in the three months ended March 31, 2025.

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2025

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,
	2025		2024
	(in millions, except per share data)
Net earnings	$	407	$	1,416
less: Noncontrolling interest earnings	(5)		(4)
Net earnings attributable to Mondelēz International	$	402	$	1,412
Weighted-average shares for basic EPS	1,301		1,348
Plus: Dilutive effect of outstanding stock awards	4		7
Weighted-average shares for diluted EPS	1,305		1,355
Basic earnings per share attributable to Mondelēz International	$	0.31	$	1.05
Diluted earnings per share attributable to Mondelēz International	$	0.31	$	1.04

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025		As of December 31, 2024
	(in millions)
Land and land improvements	$	383	$	373
Buildings and building improvements	3,602		3,453
Machinery and equipment	13,340		12,732
Construction in progress	967		1,058
	18,292		17,616
Accumulated depreciation	(8,525)		(8,135)
Property, plant and equipment, net	$	9,767	$	9,481

Segment Reporting - Net Revenues by Product Category (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Segment Reporting Information [Line Items]
Total net revenues	$ 9,313	$ 9,290
Biscuits & Baked Snacks
Segment Reporting Information [Line Items]
Total net revenues	4,331	4,299
Chocolate
Segment Reporting Information [Line Items]
Total net revenues	3,182	3,014
Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	970	1,056
Beverages
Segment Reporting Information [Line Items]
Total net revenues	297	353
Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	533	568
Latin America
Segment Reporting Information [Line Items]
Total net revenues	1,203	1,319
Latin America \| Biscuits & Baked Snacks
Segment Reporting Information [Line Items]
Total net revenues	287	286
Latin America \| Chocolate
Segment Reporting Information [Line Items]
Total net revenues	369	382
Latin America \| Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	341	393
Latin America \| Beverages
Segment Reporting Information [Line Items]
Total net revenues	96	130
Latin America \| Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	110	128
AMEA
Segment Reporting Information [Line Items]
Total net revenues	2,016	1,950
AMEA \| Biscuits & Baked Snacks
Segment Reporting Information [Line Items]
Total net revenues	736	644
AMEA \| Chocolate
Segment Reporting Information [Line Items]
Total net revenues	773	771
AMEA \| Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	243	234
AMEA \| Beverages
Segment Reporting Information [Line Items]
Total net revenues	164	189
AMEA \| Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	100	112
Europe
Segment Reporting Information [Line Items]
Total net revenues	3,550	3,368
Europe \| Biscuits & Baked Snacks
Segment Reporting Information [Line Items]
Total net revenues	1,088	1,030
Europe \| Chocolate
Segment Reporting Information [Line Items]
Total net revenues	1,940	1,770
Europe \| Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	162	206
Europe \| Beverages
Segment Reporting Information [Line Items]
Total net revenues	37	34
Europe \| Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	323	328
North America
Segment Reporting Information [Line Items]
Total net revenues	2,544	2,653
North America \| Biscuits & Baked Snacks
Segment Reporting Information [Line Items]
Total net revenues	2,220	2,339
North America \| Chocolate
Segment Reporting Information [Line Items]
Total net revenues	100	91
North America \| Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	224	223
North America \| Beverages
Segment Reporting Information [Line Items]
Total net revenues	0	0
North America \| Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	$ 0	$ 0

Restructuring Program - Narrative (Details) - Simplify to Grow Program - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2024
Restructuring Cost and Reserve [Line Items]
Charges	$ 42
Implementation costs	$ 11
Restructuring Program Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges incurred		$ 5,400

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Comprehensive Income [Abstract]
Net earnings	$ 407	$ 1,416
Other comprehensive earnings/(losses), net of tax:
Currency translation adjustment	536	(222)
Pension and other benefit plans	(28)	38
Derivative cash flow hedges	(9)	(8)
Total other comprehensive earnings/(losses)	499	(192)
Comprehensive earnings/(losses)	906	1,224
less: Comprehensive earnings/(losses) attributable to noncontrolling interests	(12)	2
Comprehensive earnings/(losses) attributable to Mondelēz International	$ 894	$ 1,226

Debt and Borrowing Arrangements - Debt Repayments (Details) - Notes Payable $ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($)	Mar. 31, 2025 CAD ($)	Mar. 31, 2024 USD ($)
3.250% Notes Due March 2025
Debt Instrument [Line Items]
Interest Rate	3.25%	3.25%
Debt repayments	$ 417	$ 600
2.125% Notes Due March 2024
Debt Instrument [Line Items]
Interest Rate			2.125%
Debt repayments			$ 500

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2025

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, 2025		As of December 31, 2024
	(in millions)
Land and land improvements	$	383	$	373
Buildings and building improvements	3,602		3,453
Machinery and equipment	13,340		12,732
Construction in progress	967		1,058
	18,292		17,616
Accumulated depreciation	(8,525)		(8,135)
Property, plant and equipment, net	$	9,767	$	9,481

For the three months ended March 31, 2025, capital expenditures of $277 million excluded $397 million of accrued capital expenditures remaining unpaid at March 31, 2025 and included payment for a portion of the $458 million of capital expenditures that were accrued and unpaid at December 31, 2024. For the three months ended March 31, 2024, capital expenditures of $299 million excluded $418 million of accrued capital expenditures remaining unpaid at March 31, 2024 and included payment for a portion of the $471 million of capital expenditures that were accrued and unpaid at December 31, 2023.

Property, Plant and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Capital expenditures	$ 277	$ 299
Accrued capital expenditures unpaid	$ 397	$ 418	$ 458	$ 471

Income Taxes (Details)	3 Months Ended
Income Taxes (Details)	Mar. 31, 2025	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Effective tax rate	28.30%	23.60%

Debt and Borrowing Arrangements - Short-Term Borrowings and Related Weighted-Average Interest Rates (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Short-term Debt [Line Items]
Amount Outstanding	$ 1,914	$ 71
Commercial paper
Short-term Debt [Line Items]
Amount Outstanding	$ 1,843	$ 0
Weighted- Average Rate	4.60%	0.00%
Bank loans
Short-term Debt [Line Items]
Amount Outstanding	$ 71	$ 71
Weighted- Average Rate	10.80%	12.10%

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

3 Months Ended

Mar. 31, 2025

Mar. 31, 2024

AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]

Balance at beginning of period

$ 26,958

$ 28,366

Total other comprehensive earnings/(losses)

499

(192)

Less: other comprehensive (earnings)/loss attributable to noncontrolling interests

(7)

Other comprehensive earnings/(losses) attributable to Mondelēz International

492

(186)

Balance at end of period

25,823

28,514

Accumulated other comprehensive income attributable to Mondelēz International

AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]

Balance at beginning of period

(12,471)

(10,946)

Total other comprehensive earnings/(losses)

492

(186)

Balance at end of period

(11,979)

(11,132)

Currency Translation Adjustments

AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]

Balance at beginning of period

(11,017)

(9,574)

Currency translation adjustments/impact

549

(182)

Tax effect

(13)

(40)

Total other comprehensive earnings/(losses)

536

(222)

Less: other comprehensive (earnings)/loss attributable to noncontrolling interests

(7)

Balance at end of period

(10,488)

(9,790)

Pension and Other Benefits Plans

AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]

Balance at beginning of period

(1,402)

(1,323)

Currency translation adjustments/impact

(44)

Total other comprehensive earnings/(losses)

(28)

Net actuarial gain/(loss) arising during period

(5)

Tax expense/(benefit) on reclassifications

^[1]

(2)

(4)

Balance at end of period

(1,430)

(1,285)

Amortization of experience losses and prior service costs

AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]

Losses/(gains) reclassified into net earnings

^[2]

Settlement losses and other expenses

AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]

Losses/(gains) reclassified into net earnings

^[2]

Derivative Cash Flow Hedges

AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]

Balance at beginning of period

(52)

(49)

Currency translation adjustments/impact

(4)

Total other comprehensive earnings/(losses)

(9)

(8)

Net actuarial gain/(loss) arising during period

(37)

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

Tax expense/(benefit) on reclassifications

^[1]

(1)

Balance at end of period

(61)

(57)

Derivative Cash Flow Hedges | Interest rate contracts

AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]

Losses/(gains) reclassified into net earnings

^[3]

$ 28

$ (36)

[1]	Taxes reclassified to earnings are recorded within the provision for income taxes.
[2]	These reclassified losses are included in net periodic benefit costs disclosed in Note 9, Benefit Plans.
[3]	These reclassified gains or losses are recorded within interest and other expense, net.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Income Taxes	Note 14. Income Taxes As of the first quarter of 2025, our effective tax rate was 28.3% as compared to 23.6% in the first quarter of 2024. The higher effective tax rate is driven by our jurisdictional mix of earnings (including the impact of mark-to-market losses on commodity and foreign currency derivatives) and the relative impact of permanent items on lower pre-tax earnings on a year-over-year basis. Those items were partially offset by additional releases of liabilities for uncertain tax positions due to audit developments in the first quarter of 2025 as compared to the first quarter of 2024.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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+ Details

Financial Instruments - Economic Hedges (Details) - Derivatives Not Designated as Hedging Instruments - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gains/(losses) recognized in net earnings	$ (450)	$ 1,272
Currency exchange contracts \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gains/(losses) recognized in net earnings	(131)	25
Currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gains/(losses) recognized in net earnings	0	7
Currency exchange contracts \| Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gains/(losses) recognized in net earnings	90	56
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gains/(losses) recognized in net earnings	$ (409)	$ 1,184

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Trade receivables, allowances	$ 37	$ 37
Other receivables, allowances	$ 38	$ 37
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)	701,689,976	678,708,640

Basis of Presentation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Summary of Significant Accounting Policies [Line Items]
Remeasurement losses due to inflationary accounting	$ (7)	$ (8)
Restricted cash	64		$ 49
Cash, cash equivalents and restricted cash	1,625	1,462	1,400	$ 1,884
Outstanding principal amount of receivables sold under factoring arrangement	576		159
Operating lease right-of-use assets obtained in exchange for lease obligations	38	12
Finance lease right-of-use assets in exchange for lease obligations	51	$ 22
Supplier chain financing, obligation	$ 3,700		$ 3,500
Argentina
Summary of Significant Accounting Policies [Line Items]
Percentage of consolidated net revenues	1.50%
Turkey
Summary of Significant Accounting Policies [Line Items]
Percentage of consolidated net revenues	0.80%
Egypt
Summary of Significant Accounting Policies [Line Items]
Percentage of consolidated net revenues	0.40%
Nigeria
Summary of Significant Accounting Policies [Line Items]
Percentage of consolidated net revenues	0.30%

Segment Reporting

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Reporting

Note 16. Segment Reporting

We manufacture and market primarily snack food products, including chocolate, biscuits and baked snacks, as well as gum & candy, cheese & grocery and powdered beverages. 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

Our Chief Operating Decision Maker (CODM) is our Chief Executive Officer. Our CODM uses segment operating income in the annual plan and forecasting process and considers actual versus plan variances in assessing the performance of the segment. The CODM also uses segment operating income as an input to the overall compensation measures for segment management under our incentive compensation plans. We believe it is appropriate to disclose this measure to help investors analyze segment performance and trends. Segment operating income excludes certain mark-to-market impacts on commodity and foreign currency derivatives (which are primarily a component of cost of sales), general corporate expenses (which are a component of selling, general and administrative expenses), amortization of intangibles, gains and losses on divestitures and acquisition-related costs (which are a component of selling, general and administrative expenses) in all periods presented. We exclude these items from segment operating income in order to provide better transparency of our segment operating results. Furthermore, we centrally manage benefit plan non-service income and interest and other expense, net. Accordingly, we do not present these items by segment because they are excluded from the segment profitability measure that our CODM reviews. Additionally, assets for reportable segments are not disclosed as such information is not regularly reviewed by the Company's CODM.

Our segment net revenue, significant segment expenses and operating income, by reportable segment were as follows:


	Three Months Ended March 31, 2025
	(in millions)
	Latin America		AMEA		Europe		North America		Total
Net revenues	$	1,203	$	2,016	$	3,550	$	2,544	$	9,313
Segment cost of sales	(815)		(1,270)		(2,541)		(1,583)		(6,209)
Segment selling, general and administrative expenses (1)	(249)		(403)		(547)		(476)		(1,675)
Segment operating income	$	139	$	343	$	462	$	485	1,429
Mark-to-market losses on commodity and foreign currency derivatives									(669)
General corporate expenses									(43)
Amortization of intangible assets									(37)


Operating income									$	680


	Three Months Ended March 31, 2024
	(in millions)
	Latin America		AMEA		Europe		North America		Total
Net revenues	$	1,319	$	1,950	$	3,368	$	2,653	$	9,290
Segment cost of sales	(866)		(1,138)		(2,137)		(1,525)		(5,666)
Segment selling, general and administrative expenses (1)	(296)		(401)		(640)		(579)		(1,916)
Segment operating income	$	157	$	411	$	591	$	549	1,708
Mark-to-market gains on commodity and foreign currency derivatives									1,124
General corporate expenses									(67)
Amortization of intangible assets									(38)


Operating income									$	2,727

(1) SG&A for all reportable segments includes: Advertising & consumer expenses and overhead expenses.

Total depreciation expense and capital expenditures by segment, reflecting our current segment structure for all periods presented, were:


	Three Months Ended March 31,
	2025		2024
	(in millions)
Depreciation expense (2):
Latin America	$	34	$	38
AMEA	41		40
Europe	71		67
North America	43		38
Corporate	11		13
Total depreciation expense	$	200	$	196

(2) Includes depreciation expense related to owned property, plant and equipment. Does not include amortization of intangible assets or leased assets. Refer to the consolidated statement of cash flows for total depreciation and amortization expenses.


	Three Months Ended March 31,
	2025		2024
	(in millions)
Capital expenditures:
Latin America	$	(35)	$	(38)
AMEA	(54)		(52)
Europe	(123)		(141)
North America	(64)		(63)
Corporate	(1)		(5)
Total capital expenditures	$	(277)	$	(299)

Net revenues by product category, reflecting our current segment structure for all periods presented, were:


	For the Three Months Ended March 31, 2025
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits & Baked Snacks	$	287	$	736	$	1,088	$	2,220	$	4,331
Chocolate	369		773		1,940		100		3,182
Gum & Candy	341		243		162		224		970
Beverages	96		164		37		—		297
Cheese & Grocery	110		100		323		—		533
Total net revenues	$	1,203	$	2,016	$	3,550	$	2,544	$	9,313





















	For the Three Months Ended March 31, 2024
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits & Baked Snacks	$	286	$	644	$	1,030	$	2,339	$	4,299
Chocolate	382		771		1,770		91		3,014
Gum & Candy	393		234		206		223		1,056
Beverages	130		189		34		—		353
Cheese & Grocery	128		112		328		—		568
Total net revenues	$	1,319	$	1,950	$	3,368	$	2,653	$	9,290

- Definition

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

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+ Details

Financial Instruments - Fair Value of Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Derivative [Line Items]
Asset Derivatives	$ 1,397	$ 2,899
Liability Derivatives	1,159	1,725
Other current assets
Derivative [Line Items]
Asset Derivatives	1,164	2,545
Other assets
Derivative [Line Items]
Asset Derivatives	233	354
Other current liabilities
Derivative [Line Items]
Liability Derivatives	1,000	1,641
Other liabilities
Derivative [Line Items]
Liability Derivatives	$ 159	$ 84

Debt and Borrowing Arrangements - Debt Issuances (Details) - Notes Payable - USD ($) $ in Millions	Mar. 31, 2025	Feb. 29, 2024
Debt Instrument [Line Items]
Debt issued	$ 0
4.750% Notes Due February 2029
Debt Instrument [Line Items]
Interest Rate		4.75%
Debt issued		$ 550

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Acquisitions and Divestitures	3 Months Ended
Acquisitions and Divestitures	Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions and Divestitures	Note 2. Acquisitions and Divestitures Evirth On November 1, 2024, we acquired Evirth (Shanghai) Industrial Co., Ltd. ("Evirth"), a leading manufacturer of cakes and pastries in China. The acquisition will continue to expand our growth in the cakes and pastries categories. The cash consideration paid totaled ¥1.8 billion ($255 million), net of cash received. We are working to complete the valuation of assets acquired and liabilities assumed and have recorded a preliminary purchase price allocation. Within definite-lived intangible assets, we allocated $117 million to customer relationships which have an estimated useful life of 17 years. The fair value of customer relationships at the acquisition date was determined using the multi-period excess earnings method under the income approach. The fair value measurements are based on significant unobservable inputs, and thus represent Level 3 inputs. Significant assumptions used in assessing the fair values of the intangible assets include discounted cash flows, customer attrition rates and discount rates. Goodwill of $125 million was determined as the excess of the purchase price over the fair value of the net assets acquired and arises principally as a result of expansion opportunities and synergies across China. None of the goodwill recognized will be deductible for income tax purposes. All of the goodwill was assigned to the AMEA operating segment. For further detail, refer to Note 5, Goodwill and Intangible Assets. Acquisition and Divestiture-Related Costs We recorded a net gain of $8 million during the three months ended March 31, 2025 and incurred $43 million during the three months ended March 31, 2024 in total acquisition integration costs and contingent consideration adjustments. We recorded a net gain of $4 million during the three months ended March 31, 2025 and incurred $4 million during the three months ended March 31, 2024 of total divestiture-related costs.

Financial Instruments - Fair Value of Contingent Consideration Liability (Details) - USD ($)
$ in Millions

Mar. 31, 2025

Dec. 31, 2024

Aug. 01, 2022

Derivative [Line Items]

Total contingent consideration

$ 167

$ 179

Quoted Prices in Active Markets for Identical Assets (Level 1)

Derivative [Line Items]

Total contingent consideration

Significant Other Observable Inputs (Level 2)

Derivative [Line Items]

Total contingent consideration

Significant Unobservable Inputs (Level 3)

Derivative [Line Items]

Total contingent consideration

167

179

Clif Bar

Derivative [Line Items]

Total contingent consideration

^[1]

124

Clif Bar | Minimum

Derivative [Line Items]

Possible payments, minimum

$ 0

Clif Bar | Maximum

Derivative [Line Items]

Possible payments, maximum

$ 2,400

Clif Bar | Quoted Prices in Active Markets for Identical Assets (Level 1)

Derivative [Line Items]

Total contingent consideration

^[1]

Clif Bar | Significant Other Observable Inputs (Level 2)

Derivative [Line Items]

Total contingent consideration

^[1]

Clif Bar | Significant Unobservable Inputs (Level 3)

Derivative [Line Items]

Total contingent consideration

^[1]

124

Other

Derivative [Line Items]

Total contingent consideration

^[2]

Other | Quoted Prices in Active Markets for Identical Assets (Level 1)

Derivative [Line Items]

Total contingent consideration

^[2]

Other | Significant Other Observable Inputs (Level 2)

Derivative [Line Items]

Total contingent consideration

^[2]

Other | Significant Unobservable Inputs (Level 3)

Derivative [Line Items]

Total contingent consideration

^[2]

$ 68

$ 55

[1]

In connection with the Clif Bar acquisition, we entered into a contingent consideration arrangement that may require us to pay additional consideration to the sellers for achieving certain net revenue, gross profit and EBITDA targets in 2025 and 2026 that exceed our base financial projections for the business implied in the upfront purchase price. The possible payments range from zero to a maximum total of $2.4 billion, with higher payouts requiring the achievement of targets that generate rates of returns in excess of the base financial projections. The contingent consideration liabilities are recorded at fair value and primarily recorded in other liabilities as of March 31, 2025 and December 31, 2024. The estimated fair value of the contingent consideration obligation is determined using a Monte Carlo simulation. Significant assumptions used in assessing the fair value of the liability include financial projections for net revenue, gross profit and EBITDA, as well as discount and volatility rates. Fair value adjustments are primarily recorded in selling, general and administrative expenses in the condensed consolidated statement of earnings.

[2]

The other contingent consideration liabilities are recorded at fair value and recorded in other liabilities as of March 31, 2025 and December 31, 2024. Fair value adjustments were recorded in selling, general and administrative expenses in the condensed consolidated statement of earnings.

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2025
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, 2024.
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 in common stock or in-substance common stock over which we exercise significant influence under the equity method of accounting.
Highly Inflationary Accounting	Highly Inflationary Accounting Within our consolidated entities, Argentina, Türkiye, Egypt and Nigeria are accounted for as highly inflationary countries.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. Restricted cash primarily includes cash held on behalf of financial institutions in accordance with accounts receivable factoring arrangements and letters of credit arrangements with legally restricted cash collateral provisions.
Transfers of Financial Assets	Transfers of Financial Assets The outstanding principal amount of receivables under our uncommitted revolving non-recourse accounts receivable factoring arrangements amounted to $576 million as of March 31, 2025 and $159 million as of December 31, 2024. 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.
Supply Chain Financing	Supply Chain Financing As part of our continued efforts to improve our working capital efficiency, we have worked with our suppliers over the past several years to optimize our terms and conditions, which include the extension of payment terms. We also facilitate voluntary supply chain financing (“SCF”) programs through several participating financial institutions. Amounts due to our suppliers that elected to participate in the SCF program are included in accounts payable in our consolidated balance sheets
New Accounting Pronouncements	New Accounting Pronouncements In December 2023, the FASB issued an Accounting Standards Update ("ASU") which enhances the transparency of annual income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The ASU is effective for fiscal years beginning after December 15, 2024 and early adoption is permitted. We are currently assessing the impact on our consolidated financial statements and related disclosures. In November 2024, the FASB issued an ASU that requires incremental disclosures in the notes to the financial statements to disaggregate certain income statement expense line items. The ASU is effective for fiscal years beginning after December 15, 2026 and early adoption is permitted. We are currently assessing the impact on our consolidated financial statements and related disclosures.

- 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

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2025	Mar. 31, 2024
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 402	$ 1,412

- Definition

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

+ References

+ Details

Benefit Plans - Narrative (Details) $ in Millions		3 Months Ended
Benefit Plans - Narrative (Details) $ in Millions	Jul. 11, 2019 USD ($)	Mar. 31, 2025 USD ($)	Dec. 31, 2024 company	Mar. 31, 2024 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Third party insurance companies \| company			2
U.S. Plans \| North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, withdrawal liability	$ 491	$ 307
Multiemployer plan, withdrawal obligation term	20 years
Multiemployer plan, accreted interest on the long-term liability		2
Other current liabilities \| U.S. Plans \| North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, withdrawal liability		16
Long-term other liabilities \| U.S. Plans \| North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, withdrawal liability		291
Pension Plans \| U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions over the remainder of 2024		11
Net periodic pension (benefit)/cost		1		$ (1)
Pension Plans \| Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions		29
Estimated future employer contributions over the remainder of 2024		39
Net periodic pension (benefit)/cost		(3)		$ (6)
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension (benefit)/cost		(3)
Postemployment Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension (benefit)/cost		$ 5

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 5. Goodwill and Intangible Assets

Goodwill

Changes in goodwill consisted of:


	Latin America		AMEA		Europe		North America		Total
	(in millions)
January 1, 2024	$	1,607	$	3,065	$	8,350	$	10,874	$	23,896
Currency	(291)		(147)		(508)		(55)		(1,001)
Acquisition (1)	—		122		—		—		122


Balance at December 31, 2024	$	1,316	$	3,040	$	7,842	$	10,819	$	23,017
Currency	40		14		366		(1)		419
Other (1)	—		3		—		—		3


Balance at March 31, 2025	$	1,356	$	3,057	$	8,208	$	10,818	$	23,439

(1)Relates to purchase price allocation and subsequent adjustments for Evirth. See Note 2, Acquisitions and Divestitures for additional information.

Intangible Assets

Intangible assets consisted of the following:


	As of March 31, 2025						As of December 31, 2024
	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
	(in millions)
Indefinite-life intangible assets (1)	$	18,081	$	—	$	18,081	$	17,770	$	—	$	17,770
Definite-life intangible assets	3,360		(2,311)		1,049		3,306		(2,228)		1,078
Total	$	21,441	$	(2,311)	$	19,130	$	21,076	$	(2,228)	$	18,848

(1)We recorded intangible asset impairments of $153 million in 2024 within asset impairment and exit costs in the condensed consolidated statement of earnings.

Indefinite-life intangible assets consist principally of brand names purchased through our acquisitions of Nabisco Holdings Corp., the global LU biscuit business of Groupe Danone S.A., Cadbury Limited and Clif Bar. Definite-life intangible assets consist primarily of trademarks, customer-related intangibles, process technology, licenses and non-compete agreements.

Amortization expense for intangible assets was $37 million for the three months ended March 31, 2025 and $38 million for the three months ended March 31, 2024.

For the next five years, we estimate annual amortization expense of approximately (reflecting March 31, 2025 exchange rates):


	(in millions)
2025	$	140
2026	110
2027	90
2028	85
2029	85

Impairment Assessment:

We test our reporting units and brands for impairment annually as of July 1, or more frequently if events or circumstances indicate it is more likely than not that the fair value of a reporting unit or brand is less than its carrying amount. During the first quarter of 2025, we evaluated our goodwill impairment and intangible asset impairment risk

through an assessment of potential triggering events. We considered qualitative and quantitative information in our assessment and concluded there were no impairment indicators.

During our 2024 annual indefinite-life intangible assets testing, we recorded $153 million of intangible asset impairment charges related to two biscuit brands in the Europe segment, one biscuit brand in the AMEA segment and one candy and one biscuit brand in the Latin America segment. Additionally, we identified thirteen brands that each had a fair value in excess of book value of 10% or less. The aggregate book value of the thirteen brands was $3.0 billion as of March 31, 2025. We believe our current plans for each of these brands will allow them to not be impaired, but if plans to grow brand revenue and earnings, and expand margin 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.

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

3 Months Ended

Mar. 31, 2025

Mar. 31, 2024

Restructuring Reserve [Roll Forward]

Charges

$ 42

Severance and related costs

Restructuring Reserve [Roll Forward]

Liability balance, beginning

$ 188

Charges

(23)

Currency and other

Liability balance, ending

^[1]

$ 170

[1]	The liability for restructuring charges is included within other current liabilities and other long-term liabilities.

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenue, significant segment expenses and operating income, by reportable segment were as follows:


	Three Months Ended March 31, 2025
	(in millions)
	Latin America		AMEA		Europe		North America		Total
Net revenues	$	1,203	$	2,016	$	3,550	$	2,544	$	9,313
Segment cost of sales	(815)		(1,270)		(2,541)		(1,583)		(6,209)
Segment selling, general and administrative expenses (1)	(249)		(403)		(547)		(476)		(1,675)
Segment operating income	$	139	$	343	$	462	$	485	1,429
Mark-to-market losses on commodity and foreign currency derivatives									(669)
General corporate expenses									(43)
Amortization of intangible assets									(37)


Operating income									$	680


	Three Months Ended March 31, 2024
	(in millions)
	Latin America		AMEA		Europe		North America		Total
Net revenues	$	1,319	$	1,950	$	3,368	$	2,653	$	9,290
Segment cost of sales	(866)		(1,138)		(2,137)		(1,525)		(5,666)
Segment selling, general and administrative expenses (1)	(296)		(401)		(640)		(579)		(1,916)
Segment operating income	$	157	$	411	$	591	$	549	1,708
Mark-to-market gains on commodity and foreign currency derivatives									1,124
General corporate expenses									(67)
Amortization of intangible assets									(38)


Operating income									$	2,727

(1) SG&A for all reportable segments includes: Advertising & consumer expenses and overhead expenses.

Schedule of Total Depreciation Expense and Capital Expenditure by Segment

Total depreciation expense and capital expenditures by segment, reflecting our current segment structure for all periods presented, were:


	Three Months Ended March 31,
	2025		2024
	(in millions)
Depreciation expense (2):
Latin America	$	34	$	38
AMEA	41		40
Europe	71		67
North America	43		38
Corporate	11		13
Total depreciation expense	$	200	$	196


	Three Months Ended March 31,
	2025		2024
	(in millions)
Capital expenditures:
Latin America	$	(35)	$	(38)
AMEA	(54)		(52)
Europe	(123)		(141)
North America	(64)		(63)
Corporate	(1)		(5)
Total capital expenditures	$	(277)	$	(299)

Schedule of Net Revenues by Product Category

Net revenues by product category, reflecting our current segment structure for all periods presented, were:


	For the Three Months Ended March 31, 2025
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits & Baked Snacks	$	287	$	736	$	1,088	$	2,220	$	4,331
Chocolate	369		773		1,940		100		3,182
Gum & Candy	341		243		162		224		970
Beverages	96		164		37		—		297
Cheese & Grocery	110		100		323		—		533
Total net revenues	$	1,203	$	2,016	$	3,550	$	2,544	$	9,313





















	For the Three Months Ended March 31, 2024
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits & Baked Snacks	$	286	$	644	$	1,030	$	2,339	$	4,299
Chocolate	382		771		1,770		91		3,014
Gum & Candy	393		234		206		223		1,056
Beverages	130		189		34		—		353
Cheese & Grocery	128		112		328		—		568
Total net revenues	$	1,319	$	1,950	$	3,368	$	2,653	$	9,290

Equity Method Investments (Details) € / shares in Units, € in Millions, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($)	Mar. 31, 2025 EUR (€)	Dec. 31, 2024 USD ($) shares	Mar. 31, 2024 USD ($)	Mar. 28, 2024 € / shares
Schedule of Investments [Line Items]
Equity method investments	$ 610		$ 635
Equity earnings	16			$ 31
Cash dividends received from equity method investments	44			$ 81
Gain (loss) on sale of equity method investment	$ (665)	€ (612)
Dong Suh Foods Corporation
Schedule of Investments [Line Items]
Equity method investment, ownership percentage	50.00%
Dong Suh Oil & Fats Co. Ltd.
Schedule of Investments [Line Items]
Equity method investment, ownership percentage	49.00%
JDEP
Schedule of Investments [Line Items]
Number of shares sold (in shares) \| shares			85.9
Share price (in EUR per share) \| € / shares					€ 19.46

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, 2023	$ 28,366	$ 0	$ 32,216	$ 34,236	$ (10,946)	$ (27,174)	$ 34
Comprehensive earnings/(losses):
Net earnings	1,416			1,412			4
Other comprehensive earnings/(losses), net of income taxes	(192)				(186)		(6)
Exercise of stock options and issuance of other stock awards	65		(53)	1		117
Common Stock repurchased	(566)					(566)
Cash dividends declared	(575)			(575)
Balance at end of period at Mar. 31, 2024	28,514	0	32,163	35,074	(11,132)	(27,623)	32
Balance at beginning of period at Dec. 31, 2024	26,958	0	32,276	36,476	(12,471)	(29,349)	26
Comprehensive earnings/(losses):
Net earnings	407			402			5
Other comprehensive earnings/(losses), net of income taxes	499				492		7
Exercise of stock options and issuance of other stock awards	39		(43)	(4)		86
Common Stock repurchased	(1,469)					(1,469)
Cash dividends declared	(611)			(611)
Balance at end of period at Mar. 31, 2025	$ 25,823	$ 0	$ 32,233	$ 36,263	$ (11,979)	$ (30,732)	$ 38

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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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

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

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+ Details

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10. Commitments and Contingencies Legal Proceedings We routinely are involved in various pending or threatened legal proceedings, claims, disputes, regulatory matters and governmental inquiries, inspections or investigations arising in the ordinary course of or incidental to our business, including those noted below in this section. We record provisions in the consolidated financial statements for pending legal matters when we determine that an unfavorable outcome is probable, and the amount of the loss can be reasonably estimated. For matters we have not provided for 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 legal proceedings and regulatory and governmental matters, individually and in the aggregate, will not materially harm our financial position, results of operations or cash flows. However, legal proceedings and regulatory and governmental matters are subject to inherent uncertainties, and unfavorable rulings or other events could occur. Unfavorable resolutions could involve substantial fines, civil or criminal penalties, and other expenditures. 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 equitable remedies. An unfavorable outcome might result in a material adverse impact on our business, results of operations or financial position. On April 1, 2015, the U.S. Commodity Futures Trading Commission ("CFTC") filed a complaint against Kraft Foods Group and Mondelēz Global LLC (“Mondelēz Global”) in the U.S. District Court for the Northern District of Illinois (the "District Court") related to the trading of December 2011 wheat futures contracts that occurred prior to the spin-off of Kraft Foods Group. The complaint alleged that 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. On May 13, 2022, the District Court approved a settlement agreement between the CFTC and Mondelēz Global. The terms of the settlement, which are available in the District Court’s docket, had an immaterial impact on our financial position, results of operations and cash flows and did not include an admission by Mondelēz Global. Several class action complaints also were filed against Mondelēz Global in the District Court by investors who copied and expanded upon the CFTC allegations in a series of private claims for monetary damages as well as injunctive, declaratory, and other unspecified relief. In June 2015, these suits were consolidated in the United States District Court for the Northern District of Illinois as case number 15-cv-2937, Harry Ploss et al. v. Kraft Foods Group, Inc. and Mondelēz Global LLC. On January 3, 2020, the District Court granted plaintiffs' request to certify a class. In November 2022, the District Court adjourned the trial date it had previously set for November 30, 2022 and ordered the parties to brief Kraft’s motions to decertify the class and for summary judgment, which has been completed. 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 class action. As previously disclosed, in November 2019, the European Commission informed us that it initiated an investigation into our alleged infringement of European Union competition law through certain practices allegedly restricting cross-border trade within the European Economic Area. In the second quarter of 2024, we reached a negotiated resolution in this matter. At that time, we had accrued (in accordance with U.S. GAAP), on a pre-tax basis, a liability of €337.5 million ($376 million). Pursuant to the terms of the agreed settlement, we fulfilled our payment obligation in August 2024. We do not anticipate any modification of our business practices and agreements that would have a material impact on our ongoing business operations within the European Union. 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. As of March 31, 2025 and December 31, 2024, we had no material third-party guarantees recorded on our condensed consolidated balance sheets. 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.

Condensed Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Net revenues	$ 9,313	$ 9,290
Cost of sales	(6,883)	(4,540)
Gross profit	2,430	4,750
Selling, general and administrative expenses	(1,711)	(1,938)
Asset impairments and exit costs	(2)	(47)
Amortization of intangible assets	(37)	(38)
Operating income	680	2,727
Benefit plan non-service income	18	23
Interest And Other Nonoperating Income (Expense)	(153)	(68)
Other expense/(income), net	(16)	54
Earnings before income taxes	545	2,682
Income tax provision	(154)	(632)
Loss on equity method investment transactions	0	(665)
Equity method investment net earnings	16	31
Net earnings	407	1,416
less: Noncontrolling interest earnings	(5)	(4)
Net earnings attributable to Mondelēz International	$ 402	$ 1,412
Per share data:
Basic earnings per share attributable to Mondelēz International (in dollars per share)	$ 0.31	$ 1.05
Diluted earnings per share attributable to Mondelēz International (in dollars per share)	$ 0.31	$ 1.04

Debt and Borrowing Arrangements (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025				As of December 31, 2024
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions, except percentages)
Commercial paper	$	1,843	4.6	%	$	—	—	%
Bank loans	71		10.8	%	71		12.1	%
Total short-term borrowings	$	1,914			$	71

Schedule of Uncommitted and Committed Credit Lines Available

Our uncommitted credit lines and committed credit lines available include:


	As of March 31, 2025				As of December 31, 2024
	Facility Amount		Borrowed Amount		Facility Amount		Borrowed Amount
	(in millions)
Uncommitted credit facilities	$	864	$	71	$	784	$	71
Credit facilities (1):
February 19, 2025	—		—		1,500		—
February 18, 2026	1,500		—		—		—
February 23, 2027	—		—		4,500		—
February 19, 2030	4,500		—		—		—

Schedule of Debt Repayments

Debt Repayments

During the three months ended March 31, 2025, we repaid the following notes (in millions):

Interest Rate

Maturity Date

Amount

USD Equivalent

3.250%

March 2025

C$600

$417

During the three months ended March 31, 2024, we repaid the following notes (in millions):

Interest Rate

Maturity Date

Amount

USD Equivalent

2.125%

March 2024

$500

Schedule of Debt Issuances

During the three months ended March 31, 2024, we issued the following notes (in millions):

Issuance Date

Interest Rate

Maturity Date

Principal Amount

USD Equivalent

February 2024

4.750%

February 2029

$550

Schedule of Fair Value of Debt


	As of March 31, 2025		As of December 31, 2024
	(in millions)
Fair Value	$	17,683	$	15,846
Carrying Value	$	19,538	$	17,749

Schedule of Interest and Other Expense

Interest and other expense, net consisted of:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Interest expense	$	137	$	122
Other expense/(income), net	16		(54)
Interest and other expense, net	$	153	$	68

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

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

Shares Subject to Option

Beginning balance (in shares)

16,479,169

Options exercised (in shares)

^[1]

(1,131,487)

Options canceled (in shares)

(148,672)

Ending balance (in shares)

17,188,770

16,479,169

Weighted- Average Exercise or Grant Price Per Share

Beginning balance (in dollars per share)

$ 54.51

Options exercised (in dollars per share)

^[1]

39.97

Options canceled (in dollars per share)

66.01

Ending balance (in dollars per share)

$ 56.59

$ 54.51

Average Remaining Contractual Term

Average remaining contractual term

6 years

5 years

Aggregate Intrinsic Value

Aggregate intrinsic value

$ 205

$ 135

Aggregate intrinsic value options exercised

^[1]

Cash received from options exercised

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

$ 4

Annual grant to eligible employees

Shares Subject to Option

Options granted (in shares)

1,989,760

Weighted- Average Exercise or Grant Price Per Share

Options granted (in dollars per share)

$ 65.09

[1]	Cash received from options exercised was $44 million in the three months ended March 31, 2025. We recognized $4 million of excess income tax benefits from stock option exercises in the three months ended March 31, 2025.

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2024

Mar. 31, 2025

Definite-life intangible assets

Gross carrying amount

$ 3,306

$ 3,360

Accumulated amortization

(2,228)

(2,311)

Net carrying amount

1,078

1,049

Indefinite-life intangible assets

Gross carrying amount

^[1]

17,770

18,081

Total

Gross carrying amount

21,076

21,441

Net carrying amount

18,848

$ 19,130

Brands

Total

Indefinite-lived intangible asset impairment charges

$ 153

[1]	We recorded intangible asset impairments of $153 million in 2024 within asset impairment and exit costs in the condensed consolidated statement of earnings.

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.470	$ 0.425

Goodwill and Intangible Assets - Schedule of Annual Amortization Expense (Details) $ in Millions	Mar. 31, 2025 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 140
2026	110
2027	90
2028	85
2029	$ 85

Restructuring Program (Tables)

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program restructuring liability activity for the three months ended March 31, 2025 was:


	Severance and related costs
	(in millions)
Liability balance, January 1, 2025	$	188
Payments	(23)
Currency and other	5
Liability balance, March 31, 2025	$	170

Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Changes in Allowances for Credit Losses

Changes in allowances for credit losses consisted of:


	Allowance for Trade Receivables		Allowance for Other Current Receivables		Allowance for Long-Term Receivables
	(in millions)
Balance at January 1, 2025	$	(37)	$	(37)	$	(16)



Currency and other	—		(1)		(1)
Balance at March 31, 2025	$	(37)	$	(38)	$	(17)

Benefit Plans

3 Months Ended

Mar. 31, 2025

Retirement Benefits [Abstract]

Benefit Plans

Note 9. Benefit Plans

Pension Plans

Components of Net Periodic Pension Cost

Net periodic pension cost/(benefit) 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,
	2025		2024		2025		2024
	(in millions)
Service cost	$	1	$	1	$	15	$	15
Interest cost	9		15		69		71
Expected return on plan assets	(13)		(23)		(104)		(108)
Amortization of net loss and prior service cost	—		—		17		16

Settlement losses	4		6		—		—
Net periodic pension cost/(benefit)	$	1	$	(1)	$	(3)	$	(6)

Employer Contributions

During the three months ended March 31, 2025, we contributed $29 million to our non-U.S. pension plans. We make contributions to our pension plans in accordance with local funding arrangements and statutory minimum funding requirements. Discretionary contributions are made to the extent that they are tax deductible and do not generate an excise tax liability.

As of March 31, 2025, we plan to make further contributions of approximately $11 million to our U.S. plans and $39 million to our non-U.S. plans for the remainder of 2025. However, 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 changes in interest rates.

Mondelēz Global LLC Retirement Plan Update

During the third quarter of 2024, we entered into an agreement with two third party insurance companies for the Mondelēz Global LLC Retirement Plan (“MDLZ Global Plan”), the pension plan for US salaried employees. The agreement featured a buy-in of the plan assets with an option to elect a future buy-out conversion. As part of the buy-in, all of the MDLZ Global Plan assets were transferred to the insurance companies in exchange for an annuity contract during the third quarter of 2024 to further reduce the risk of plan asset value volatility. As of January 1, 2025, the annuity contract is providing all future benefit payments to the MDLZ Global Plan participants. However, we continue to retain the primary benefit obligation until the buy-out conversion is completed. Upon election of the buy-out conversion, we will transfer full responsibility of the MDLZ Global Plan obligations to the insurance companies, at which time we will derecognize the assets and liabilities of the pension plan and recognize a settlement loss as a component of net periodic pension cost.

We currently intend to execute the buy-out conversion in the second quarter of 2025.

Multiemployer Pension Plans

On July 11, 2019, we received a withdrawal liability assessment from the Bakery and Confectionery Union and the Industry International Pension Fund requiring pro-rata monthly payments over 20 years and we recorded a discounted liability of $491 million at that time. In connection with the discounted long-term liability, we recorded accreted interest of $2 million for the three months ended March 31, 2025 and the three months ended March 31, 2024 within Interest and other expense, net in the condensed consolidated statement of earnings. As of March 31, 2025, the remaining discounted withdrawal liability was $307 million, with $16 million recorded in Other current liabilities and $291 million recorded in Long-term other liabilities in the condensed consolidated balance sheets.

Postretirement and Postemployment Benefit Plans

The net periodic postretirement benefit was $(3) million for the three months ended March 31, 2025 and the three months ended March 31, 2024. The net periodic postemployment cost was $5 million for the three months ended March 31, 2025 and March 31, 2024.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

Financial Instruments

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Note 8. Financial Instruments

Derivatives and Hedging Activities

Fair Value of Derivative Instruments

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


	As of March 31, 2025				As of December 31, 2024
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)
Derivatives designated as accounting hedges:
Interest rate contracts (1)	$	63	$	60	$	84	$	35

Net investment hedge derivative contracts (2)	244		201		305		50
	$	307	$	261	$	389	$	85
Derivatives not designated as accounting hedges:
Currency exchange contracts	$	176	$	146	$	302	$	118
Commodity contracts	911		752		2,205		1,522
Interest rate contracts	3		—		3		—

	$	1,090	$	898	$	2,510	$	1,640
Total fair value	$	1,397	$	1,159	$	2,899	$	1,725

(1)Interest rate contracts designated as cash flow hedging instruments.

We recorded the fair value of our derivative instruments in the condensed consolidated balance sheets as follows:


	As of March 31, 2025		As of December 31, 2024
	(in millions)
Other current assets	$	1,164	$	2,545
Other assets	233		354
Other current liabilities	1,000		1,641
Other liabilities	159		84

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


	As of March 31, 2025
	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	$	30	$	—	$	30	$	—
Commodity contracts	159		106		53		—
Interest rate contracts	6		—		6		—
Net investment hedge contracts	43		—		43		—

Total derivatives	$	238	$	106	$	132	$	—


	As of December 31, 2024
	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	$	184	$	—	$	184	$	—
Commodity contracts	683		(111)		794		—
Interest rate contracts	52		—		52		—
Net investment hedge contracts	255		—		255		—

Total derivatives	$	1,174	$	(111)	$	1,285	$	—

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; net investment hedge contracts; 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 gross notional values of our hedging instruments were:


	Notional Amount
	As of March 31, 2025		As of December 31, 2024
	(in millions)
Currency exchange contracts	$	16,284	$	13,538
Commodity contracts	17,142		16,210
Interest rate contracts	4,536		5,336
Net investment hedges:
Net investment hedge derivative contracts	9,421		8,647
Non-U.S. dollar debt designated as net investment hedges:
Euro notes	3,446		3,298
Swiss franc notes	226		220
Canadian dollar notes	452		869

Cash Flow Hedges

Cash flow hedge activity, net of taxes, is recorded within accumulated other comprehensive earnings/(losses). Refer to Note 12, Reclassifications from Accumulated Other Comprehensive Income for additional information on current period activity. Based on current market conditions, we would expect to transfer losses of $24 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, 2025, our longest dated cash flow hedges were interest rate swaps that hedge forecasted interest rate payments over the next 4 years.

Hedges of Net Investments in International Operations

Net investment hedge ("NIH") derivative contracts

We enter into cross-currency interest rate swaps, forwards and options to hedge certain investments in our non-U.S. operations against movements in exchange rates. As of March 31, 2025, the aggregate notional value was $9.4 billion.

Net investment hedge derivative contract impacts on other comprehensive earnings and net earnings were:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
(Loss)/gain on NIH contracts (1)	$	(201)	$	220
Amounts excluded from the assessment of hedge effectiveness (2)	57		41

(1)Amounts recorded for unsettled and settled NIH derivative contracts are recorded within the cumulative translation adjustment section of other comprehensive earnings/(losses).

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

Gains/(losses) related to non-U.S. dollar debt designated as hedges of net investments in international operations, which are recorded within the cumulative translation adjustment section of other comprehensive earnings/(losses), were:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Euro notes	$	(147)	$	79

Swiss franc notes	(6)		26
Canadian notes	—		10

Derivatives Not Designated as Accounting Hedges

For derivatives not designated as accounting hedges ("economic hedges"), we classify gains and losses in the income statement based on the classification of the item economically hedged. Pre-tax gains/(losses) recorded in net earnings for economic hedges were:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Currency exchange contracts:
Cost of sales	$	(131)	$	25
Selling, general and administrative expenses	—		7
Interest and other expense, net	90		56
Commodity contracts - Cost of sales	(409)		1,184

Total	$	(450)	$	1,272

Fair Value of Contingent Consideration

The following is a summary of our contingent consideration liability activity:


	For the Three Months Ended March 31,
	2025		2024
	(in millions)
Liability at beginning of period	$	179	$	680

Changes in fair value	(12)		23


Liability at end of period	$	167	$	703

Contingent consideration was recorded at fair value in the condensed consolidated balance sheets as follows:


	As of March 31, 2025
	Total Fair Value of Liability		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Clif Bar (1)	$	99	$	—	$	—	$	99
Other (2)	68		—		—		68
Total contingent consideration	$	167	$	—	$	—	$	167


	As of December 31, 2024
	Total Fair Value of Liability		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in millions)
Clif Bar (1)	$	124	$	—	$	—	$	124
Other (2)	55		—		—		55
Total contingent consideration	$	179	$	—	$	—	$	179

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 1,561	$ 1,351
Trade receivables, less allowance ($37 and $37, respectively)	4,318	3,874
Other receivables, less allowance ($38 and $37, respectively)	941	937
Inventories, net	4,255	3,827
Other current assets	1,655	3,253
Total current assets	12,730	13,242
Property, plant and equipment, net	9,767	9,481
Operating lease right-of-use assets	761	767
Goodwill	23,439	23,017
Intangible assets, net	19,130	18,848
Prepaid pension assets	993	987
Deferred income taxes	400	333
Equity method investments	610	635
Other assets	1,097	1,187
TOTAL ASSETS	68,927	68,497
LIABILITIES
Short-term borrowings	1,914	71
Current portion of long-term debt	1,828	2,014
Accounts payable	9,921	9,433
Accrued marketing	2,697	2,558
Accrued employment costs	774	928
Other current liabilities	3,869	4,545
Total current liabilities	21,003	19,549
Long-term debt	15,796	15,664
Long-term operating lease liabilities	617	623
Deferred income taxes	3,429	3,425
Accrued pension costs	366	391
Accrued postretirement health care costs	95	98
Other liabilities	1,798	1,789
TOTAL LIABILITIES	43,104	41,539
Commitments and Contingencies (Note 10)
EQUITY
Common Stock, no par value (5,000,000,000 shares authorized, 1,996,537,778 shares issued)	0	0
Additional paid-in capital	32,233	32,276
Retained earnings	36,263	36,476
Accumulated other comprehensive losses	(11,979)	(12,471)
Treasury stock, at cost (701,689,976 and 678,708,640 shares, respectively)	(30,732)	(29,349)
Total Mondelēz International Shareholders’ Equity	25,785	26,932
Noncontrolling interest	38	26
TOTAL EQUITY	25,823	26,958
TOTAL LIABILITIES AND EQUITY	$ 68,927	$ 68,497

Goodwill and Intangible Assets - Changes in Goodwill (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

Goodwill [Roll Forward]

Beginning balance

$ 23,017

$ 23,896

Currency

419

(1,001)

Acquisitions

^[1]

122

Other

^[1]

Ending balance

23,439

23,017

Latin America

Goodwill [Roll Forward]

Beginning balance

1,316

1,607

(291)

^[1]

^[1]

1,356

1,316

AMEA

Goodwill [Roll Forward]

Beginning balance

3,040

3,065

Currency

(147)

Acquisitions

^[1]

122

Other

^[1]

Ending balance

3,057

3,040

Europe

Goodwill [Roll Forward]

Beginning balance

7,842

8,350

Currency

366

(508)

Acquisitions

^[1]

Other

^[1]

Ending balance

8,208

7,842

North America

Goodwill [Roll Forward]

Beginning balance

10,819

10,874

Currency

(1)

(55)

Acquisitions

^[1]

Other

^[1]

Ending balance

$ 10,818

$ 10,819

[1]	Relates to purchase price allocation and subsequent adjustments for Evirth. See Note 2, Acquisitions and Divestitures for additional information.

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
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-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Name Accounting Standards Codification
-Section 45
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Stock Plans - Narrative (Details) - Common Stock - Share Repurchase Program Amended January 1, 2025 - USD ($) $ / shares in Units, shares in Millions	3 Months Ended
	Mar. 31, 2025	Jan. 01, 2025
Class of Stock [Line Items]
Stock repurchase value		$ 9,000,000,000
Common stock repurchased (in shares)	25
Average cost of shares repurchased (in dollars per share)	$ 57.91
Aggregate cost of stock repurchases, net of tax	$ 1,500,000,000
Remaining share repurchase capacity	$ 7,500,000,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Publisher FASB
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
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+ Details

Debt and Borrowing Arrangements - Fair Value of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Fair Value \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 17,683	$ 15,846
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 19,538	$ 17,749

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Section 50
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Topic 470
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-Name Accounting Standards Codification
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-Paragraph 69B
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

+ Details

Financial Instruments - Derivative Instrument Fair Value Measurement Inputs (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Derivative [Line Items]
Total derivatives	$ 238	$ 1,174
Currency exchange contracts
Derivative [Line Items]
Total derivatives	30	184
Commodity contracts
Derivative [Line Items]
Total derivatives	159	683
Interest rate contracts
Derivative [Line Items]
Total derivatives	6	52
Net investment hedge contracts
Derivative [Line Items]
Total derivatives	43	255
Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivative [Line Items]
Total derivatives	106	(111)
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Currency exchange contracts
Derivative [Line Items]
Total derivatives	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Commodity contracts
Derivative [Line Items]
Total derivatives	106	(111)
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Interest rate contracts
Derivative [Line Items]
Total derivatives	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Net investment hedge contracts
Derivative [Line Items]
Total derivatives	0	0
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Total derivatives	132	1,285
Significant Other Observable Inputs (Level 2) \| Currency exchange contracts
Derivative [Line Items]
Total derivatives	30	184
Significant Other Observable Inputs (Level 2) \| Commodity contracts
Derivative [Line Items]
Total derivatives	53	794
Significant Other Observable Inputs (Level 2) \| Interest rate contracts
Derivative [Line Items]
Total derivatives	6	52
Significant Other Observable Inputs (Level 2) \| Net investment hedge contracts
Derivative [Line Items]
Total derivatives	43	255
Significant Unobservable Inputs (Level 3)
Derivative [Line Items]
Total derivatives	0	0
Significant Unobservable Inputs (Level 3) \| Currency exchange contracts
Derivative [Line Items]
Total derivatives	0	0
Significant Unobservable Inputs (Level 3) \| Commodity contracts
Derivative [Line Items]
Total derivatives	0	0
Significant Unobservable Inputs (Level 3) \| Interest rate contracts
Derivative [Line Items]
Total derivatives	0	0
Significant Unobservable Inputs (Level 3) \| Net investment hedge contracts
Derivative [Line Items]
Total derivatives	$ 0	$ 0

Debt and Borrowing Arrangements - Interest and Other Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Debt Disclosure [Abstract]
Interest expense	$ 137	$ 122
Other expense/(income), net	16	(54)
Interest and other expense, net	$ 153	$ 68

Financial Instruments - Summary of Contingent Consideration Liability (Details) - Contingent Consideration - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Contingent Consideration Liability Activity [Roll Forward]
Liability at beginning of period	$ 179	$ 680
Changes in fair value	(12)	23
Liability at end of period	$ 167	$ 703

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
Net earnings	$ 407	$ 1,416
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	324	319
Stock-based compensation expense	18	31
Deferred income tax (benefit)/provision	(96)	270
Asset impairments and accelerated depreciation	4	6
Loss on equity method investment transactions	0	665
Equity method investment net earnings	(16)	(31)
Distributions from equity method investments	44	81
Unrealized loss/(gain) on derivative contracts	689	(1,134)
Contingent consideration adjustments	(12)	22
Other non-cash items, net	56	25
Change in assets and liabilities, net of acquisitions and divestitures:
Receivables, net	(379)	(395)
Inventories, net	(300)	(16)
Accounts payable	222	419
Other current assets	196	(330)
Other current liabilities	(58)	36
Change in pension and postretirement assets and liabilities, net	(7)	(60)
Net cash provided by operating activities	1,092	1,324
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES
Capital expenditures	(277)	(299)
Acquisitions, net of cash received	(15)	0
Proceeds from divestitures	4	4
Proceeds from derivative settlements	14	71
Payments for derivative settlements	0	(32)
Proceeds from/(contributions to) investments	22	(192)
Proceeds from sales of property, plant and equipment and other	1	2
Net cash used in investing activities	(251)	(446)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES
Net issuance/(repayment) of short-term borrowings	1,841	(166)
Long-term debt proceeds	0	547
Long-term debt repayments	(453)	(534)
Repurchases of Common Stock	(1,522)	(568)
Dividends paid	(623)	(578)
Other	53	76
Net cash used in financing activities	(704)	(1,223)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	88	(77)
Cash, cash equivalents and restricted cash:
Increase/(decrease)	225	(422)
Balance at beginning of period	1,400	1,884
Balance at end of period	$ 1,625	$ 1,462

Earnings per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Earnings per Share

Note 15. Earnings per Share

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


	For the Three Months Ended March 31,
	2025		2024
	(in millions, except per share data)
Net earnings	$	407	$	1,416
less: Noncontrolling interest earnings	(5)		(4)
Net earnings attributable to Mondelēz International	$	402	$	1,412
Weighted-average shares for basic EPS	1,301		1,348
Plus: Dilutive effect of outstanding stock awards	4		7
Weighted-average shares for diluted EPS	1,305		1,355
Basic earnings per share attributable to Mondelēz International	$	0.31	$	1.05
Diluted earnings per share attributable to Mondelēz International	$	0.31	$	1.04

We exclude antidilutive Mondelēz International stock options and long-term incentive plan shares from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options and performance share units of 6.4 million for the three months ended March 31, 2025 and 2.7 million for the three months ended March 31, 2024.

Segment Reporting - Total Depreciation Expense and Capital Expenditure by Segment (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2025

Mar. 31, 2024

Segment Reporting Information [Line Items]

Total depreciation expense

^[1]

$ 200

$ 196

Total capital expenditures

(277)

(299)

Corporate

Segment Reporting Information [Line Items]

Total depreciation expense

^[1]

Total capital expenditures

(1)

(5)

Latin America | Operating Segments

Segment Reporting Information [Line Items]

Total depreciation expense

^[1]

Total capital expenditures

(35)

(38)

AMEA | Operating Segments

Segment Reporting Information [Line Items]

Total depreciation expense

^[1]

Total capital expenditures

(54)

(52)

Europe | Operating Segments

Segment Reporting Information [Line Items]

Total depreciation expense

^[1]

Total capital expenditures

(123)

(141)

North America | Operating Segments

Segment Reporting Information [Line Items]

Total depreciation expense

^[1]

Total capital expenditures

$ (64)

$ (63)

[1]	(2) Includes depreciation expense related to owned property, plant and equipment. Does not include amortization of intangible assets or leased assets. Refer to the consolidated statement of cash flows for total depreciation and amortization expenses.

Equity Method Investments	3 Months Ended
Equity Method Investments	Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]
Equity Method Investments	Note 6. Equity Method Investments Our current equity method investments primarily relate to our ownership interests in Dong Suh Foods Corporation and Dong Suh Oil & Fats Co. Ltd. As of March 31, 2025, we owned 50.0% and 49.0%, respectively, of these companies' outstanding shares. Our ownership interests may change over time due to investee stock-based compensation arrangements, share issuances or other equity-related transactions. Our investments accounted for under the equity method of accounting totaled $610 million as of March 31, 2025 and $635 million as of December 31, 2024. We recorded equity earnings of $16 million and received cash dividends of $44 million in the three months ended March 31, 2025. We recorded equity earnings of $31 million and received cash dividends of $81 million in the three months ended March 31, 2024, which included our prior investment in JDE Peet’s N.V. (“JDEP”). During the fourth quarter of 2024, we sold our remaining 85.9 million shares in JDEP to JAB Holding Company and fully exited the investment. During the three months ended March 31, 2024, we determined there was an other-than-temporary impairment of our investment in JDEP based on the period for which the quoted market price fair value had been less than the carrying value of the investment and the uncertainty surrounding JDEP's stock price recovering to the carrying value. As a result, the investment was written down to its estimated fair value based on the closing price of the underlying equity security of €19.46 per share on March 28, 2024, resulting in an impairment charge of €612 million ($665 million). This charge was included within Loss on equity method investment transactions in the condensed consolidated statement of earnings.

Restructuring Program

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring Program

Note 13. Restructuring Program

In 2014, our Board of Directors approved a multi-year restructuring program ("Simplify to Grow Program") to reduce our operating cost structure in both supply chain and overhead costs. Total restructuring and implementation charges of $5.4 billion were incurred throughout the Simplify to Grow Program, which ended in December 2024.

We recorded restructuring charges of $42 million and implementation costs of $11 million in the three months ended March 31, 2024.

The Simplify to Grow Program restructuring liability activity for the three months ended March 31, 2025 was:


	Severance and related costs
	(in millions)
Liability balance, January 1, 2025	$	188
Payments	(23)
Currency and other	5
Liability balance, March 31, 2025	$	170

The liability for restructuring charges is included within other current liabilities and other long-term liabilities.

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

3 Months Ended

Mar. 31, 2025

USD ($)

$ / shares

Number of Shares

Beginning balance (in shares) | shares

4,536,574

Shares granted (in shares) | shares

2,765,725

Vested (in shares) | shares

(1,397,324)

^[1],[2]

Forfeited (in shares) | shares

(140,406)

^[1]

Ending balance (in shares) | shares

5,764,569

Weighted-Average Fair Value Per Share

Beginning balance (in dollars per share) | $ / shares

$ 67.76

^[3]

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

65.55

^[3]

Vested (in dollars per share) | $ / shares

63.30

^[1],[2],[3]

Forfeited (in dollars per share) | $ / shares

69.14

^[1],[3]

Ending balance (in dollars per share) | $ / shares

$ 67.74

^[3]

Weighted-Average Aggregate Fair Value

Weighted average grant date fair value of shares granted | $

$ 181

^[2]

Weighted average grant date fair value of shares vested | $

^[1],[2]

Actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the shares vested | $

$ 1

Performance share units

Number of Shares

Shares granted (in shares) | shares

1,194,640

Weighted-Average Fair Value Per Share

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

$ 69.49

^[3]

Deferred stock units

Number of Shares

Shares granted (in shares) | shares

826,180

Weighted-Average Fair Value Per Share

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

$ 65.09

^[3]

Additional shares granted

Number of Shares

Shares granted (in shares) | shares

744,905

^[4]

Weighted-Average Fair Value Per Share

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

$ 59.73

^[3],[4]

[1]	Includes PSUs, DSUs and other stock-based awards.
[2]	We recognized $1 million of income tax shortfalls upon vesting of PSUs and DSUs in the three months ended March 31, 2025.
[3]	The grant date fair value of PSUs 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.
[4]	Includes primarily DSUs and incremental PSUs issued over target.

Goodwill and Intangible Assets - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2025 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2024 USD ($) brand	Sep. 30, 2024 brand
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense for intangible assets \| $	$ 37	$ 38
Europe \| Biscuits
Goodwill and Intangible Assets Disclosure [Line Items]
Number of brands with impairment charges			2
Latin America \| Biscuits
Goodwill and Intangible Assets Disclosure [Line Items]
Number of brands with impairment charges			1
Latin America \| Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Number of brands with impairment charges			1
AMEA \| Biscuits
Goodwill and Intangible Assets Disclosure [Line Items]
Number of brands with impairment charges			1
Brands
Goodwill and Intangible Assets Disclosure [Line Items]
Indefinite-lived intangible asset impairment charges \| $			$ 153
Number of brands with fair value in excess of book value of 10% or less				13
Book value of brands with fair value in excess of book value of 10% or less \| $	$ 3,000