Earnings per Share

3 Months Ended

Mar. 31, 2020

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,
	2020			2019
	(in millions, except per share data)
Net earnings	$	760		$	920
Noncontrolling interest earnings	(7		)	(6		)
Net earnings attributable to Mondelēz International	$	753		$	914
Weighted-average shares for basic EPS	1,434			1,449
Plus incremental shares from assumed conversions of stock options     and long-term incentive plan shares	11			12
Weighted-average shares for diluted EPS	1,445			1,461
Basic earnings per share attributable to Mondelēz International	$	0.53		$	0.63
Diluted earnings per share attributable to Mondelēz International	$	0.52		$	0.63

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options and performance share units of 4.0 million in the first three months of 2020 and 6.2 million in the first three months of 2019.