Reclassifications from Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

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

The following table summarizes the changes in the accumulated balances of each component of accumulated other comprehensive earnings/(losses) attributable to Mondelēz International. Amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax) were net (gains)/losses of $(44) million in 2021, $285 million in 2020 and $279 million in 2019.


	For the Years Ended December 31,
	2021		2020		2019
	(in millions)
Currency Translation Adjustments:
Balance at beginning of period	$	(8,655)	$	(8,320)	$	(8,622)
Currency translation adjustments	(481)		(398)		251
Reclassification to earnings related to:
Equity method investment transactions (1)	—		29		—
Tax (expense)/benefit	23		47		49
Other comprehensive earnings/(losses)	(458)		(322)		300
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	16		(13)		2
Balance at end of period	(9,097)		(8,655)		(8,320)
Pension and Other Benefit Plans:
Balance at beginning of period	$	(1,874)	$	(1,721)	$	(1,854)
Net actuarial gain/(loss) arising during period	398		(187)		4
Tax (expense)/benefit on net actuarial gain/(loss)	(80)		38		22
Losses/(gains) reclassified into net earnings:
Amortization of experience losses and prior service costs (2)	140		104		137
Settlement losses and other expenses (1)	22		22		30
Curtailment credit (2)	(17)		—		—
Tax expense/(benefit) on reclassifications (3)	(34)		(31)		(42)
Currency impact	66		(99)		(18)
Other comprehensive earnings/(losses)	495		(153)		133
Balance at end of period	(1,379)		(1,874)		(1,721)
Derivative Cash Flow Hedges:
Balance at beginning of period	$	(161)	$	(213)	$	(168)
Net derivative gains/(losses)	163		(132)		(224)
Tax (expense)/benefit on net derivative gain/(loss)	—		27		19
Losses/(gains) reclassified into net earnings:
Interest rate contracts (1) (4)	(152)		189		155
Tax expense/(benefit) on reclassifications (3)	(3)		(28)		(1)
Currency impact	5		(4)		6
Other comprehensive earnings/(losses)	13		52		(45)
Balance at end of period	(148)		(161)		(213)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period	$	(10,690)	$	(10,254)	$	(10,644)
Total other comprehensive earnings/(losses)	50		(423)		388
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests	16		(13)		2
Other comprehensive earnings/(losses) attributable to Mondelēz International	66		(436)		390
Balance at end of period	$	(10,624)	$	(10,690)	$	(10,254)

(1)Includes equity method investment transactions recorded within gain/(loss) on equity method investment transactions.

(2)These reclassified losses are included in net periodic benefit costs disclosed in Note 11, Benefit Plans.

(3)Taxes reclassified to earnings are recorded within the provision for income taxes.(4)These reclassified losses are recorded within interest and other expense, net