EX-99.1 2 a991-spear13024.htm EX-99.1 Document
Exhibit 99.1
U.S. GAAP to Non-GAAP Reconciliations

In addition to reporting our U.S. GAAP operating results, we have historically reported non-GAAP financial information. Refer also to our Quarterly Reports on Form 10-Q and our Annual Report on Form 10-K for the periods presented for additional information on our GAAP to non-GAAP adjustments.
Schedule 1.a
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Nine Months Ended September 30, 2023
Reported (GAAP)$3,744 $5,339 $9,319 $8,300 $26,702 $10,431 $16,271 
Acquisitions(446)— — (529)(975)(446)(529)
Currency260 430 198 32 920 843 77 
Organic (Non-GAAP)$3,558 $5,769 $9,517 $7,803 $26,647 $10,828 $15,819 
Divestiture - developed market gum business— — (174)(309)(483)(4)(479)
Currency impact of divestiture— — (2)(1)
Organic (Non-GAAP) - As Recast$3,558 $5,769 $9,346 $7,492 $26,165 $10,823 $15,342 
For the Nine Months Ended September 30, 2022
Reported (GAAP)$2,615 $5,106 $8,210 $6,870 $22,801 $8,864 $13,937 
Divestitures(22)— — — (22)(22)— 
Organic (Non-GAAP)$2,593 $5,106 $8,210 $6,870 $22,779 $8,842 $13,937 
Divestiture - developed market gum business— — (131)(215)(346)(3)(343)
Organic (Non-GAAP) - As Recast$2,593 $5,106 $8,079 $6,655 $22,433 $8,839 $13,594 
% Change
Reported (GAAP)43.2  %4.6  %13.5  %20.8  %17.1  %17.7  %16.7  %
Organic (Non-GAAP)37.2  %13.0  %15.9  %13.6  %17.0  %22.5  %13.5  %
Organic (Non-GAAP) - As Recast37.2  %13.0  %15.7  %12.6  %16.6  %22.4  %12.9  %

Schedule 1.b
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Three Months Ended September 30, 2023
Reported (GAAP)$1,305 $1,791 $3,086 $2,847 $9,029 $3,527 $5,502 
Acquisitions(153)— — (71)(224)(153)(71)
Currency80 116 (30)172 308 (136)
Organic (Non-GAAP)$1,232 $1,907 $3,056 $2,782 $8,977 $3,682 $5,295 
Divestiture - developed market gum business— — (60)(119)(179)(1)(178)
Currency impact of divestiture— — — — 
Organic (Non-GAAP) - As Recast$1,232 $1,907 $3,000 $2,663 $8,802 $3,681 $5,121 
For the Three Months Ended September 30, 2022
Reported (GAAP)$913 $1,704 $2,649 $2,497 $7,763 $3,094 $4,669 
Divestitures(1)— — — (1)(1)— 
Organic (Non-GAAP)$912 $1,704 $2,649 $2,497 $7,762 $3,093 $4,669 
Divestiture - developed market gum business— — (42)(70)(112)(1)(111)
Organic (Non-GAAP) - As Recast$912 $1,704 $2,607 $2,427 $7,650 $3,092 $4,558 
% Change
Reported (GAAP)42.9  %5.1  %16.5  %14.0  %16.3  %14.0  %17.8  %
Organic (Non-GAAP)35.1  %11.9  %15.4  %11.4  %15.7  %19.0  %13.4  %
Organic (Non-GAAP) - As Recast35.1  %11.9  %15.1  %9.7  %15.1  %19.0  %12.4  %




Exhibit 99.1
Schedule 1.c
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Three Months Ended June 30, 2023
Reported (GAAP)$1,228 $1,609 $2,926 $2,744 $8,507 $3,306 $5,201 
Acquisitions(137)— — (240)(377)(137)(240)
Currency99 128 45 11 283 277 
Organic (Non-GAAP)$1,190 $1,737 $2,971 $2,515 $8,413 $3,446 $4,967 
Divestiture - developed market gum business— — (59)(98)(157)(1)(156)
Currency impact of divestiture— — (2)(1)(1)— 
Organic (Non-GAAP) - As Recast$1,190 $1,737 $2,913 $2,415 $8,255 $3,444 $4,811 
For the Three Months Ended June 30, 2022
Reported (GAAP)$876 $1,535 $2,626 $2,237 $7,274 $2,806 $4,468 
Divestitures(12)— — — (12)(12)— 
Organic (Non-GAAP)$864 $1,535 $2,626 $2,237 $7,262 $2,794 $4,468 
Divestiture - developed market gum business— — (48)(83)(131)— (131)
Organic (Non-GAAP) - As Recast$864 $1,535 $2,578 $2,154 $7,131 $2,794 $4,337 
% Change
Reported (GAAP)40.2  %4.8  %11.4  %22.7  %17.0  %17.8  %16.4  %
Organic (Non-GAAP)37.7  %13.2  %13.1  %12.4  %15.8  %23.3  %11.2  %
Organic (Non-GAAP) - As Recast37.7  %13.2  %13.0  %12.1  %15.8  %23.3  %10.9  %

Schedule 1.d
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Three Months Ended March 31, 2023
Reported (GAAP)$1,211 $1,939 $3,307 $2,709 $9,166 $3,598 $5,568 
Acquisitions(156)— — (218)(374)(156)(218)
Currency81 186 183 15 465 258 207 
Organic (Non-GAAP)$1,136 $2,125 $3,490 $2,506 $9,257 $3,700 $5,557 
Divestiture - developed market gum business— — (55)(92)(147)(2)(145)
Currency impact of divestiture— — (2)— (2)— (2)
Organic (Non-GAAP) - As Recast$1,136 $2,125 $3,433 $2,414 $9,108 $3,698 $5,410 
For the Three Months Ended March 31, 2022
Reported (GAAP)$826 $1,867 $2,935 $2,136 $7,764 $2,964 $4,800 
Divestitures(9)— — — (9)(9)— 
Organic (Non-GAAP)$817 $1,867 $2,935 $2,136 $7,755 $2,955 $4,800 
Divestiture - developed market gum business— — (41)(62)(103)(2)(101)
Organic (Non-GAAP) - As Recast$817 $1,867 $2,894 $2,074 $7,652 $2,953 $4,699 
% Change
Reported (GAAP)46.6  %3.9  %12.7  %26.8  %18.1  %21.4  %16.0  %
Organic (Non-GAAP)39.0  %13.8  %18.9  %17.3  %19.4  %25.2  %15.8  %
Organic (Non-GAAP) - As Recast39.0  %13.8  %18.6  %16.4  %19.0  %25.2  %15.1  %









Exhibit 99.1
Schedule 1.e
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Twelve Months Ended December 31, 2022
Reported (GAAP)$3,629 $6,767 $11,420 $9,680 $31,496 $12,184 $19,312 
Divestitures(22)— — — (22)(22)— 
Acquisitions(98)(15)(707)(396)(1,216)(596)(620)
Currency123 483 1,263 36 1,905 744 1,161 
Organic (Non-GAAP)$3,632 $7,235 $11,976 $9,320 $32,163 $12,310 $19,853 
Divestiture - developed market gum business— — (178)(298)(476)(5)(471)
Currency impact of divestiture— — (22)(1)(23)(1)(22)
Organic (Non-GAAP) - As Recast$3,632 $7,235 $11,776 $9,021 $31,664 $12,304 $19,360 
For the Twelve Months Ended December 31, 2021
Reported (GAAP)$2,797 $6,465 $11,156 $8,302 $28,720 $10,132 $18,588 
Divestitures(43)(35)— — (78)(43)(35)
Organic (Non-GAAP)$2,754 $6,430 $11,156 $8,302 $28,642 $10,089 $18,553 
Divestiture - developed market gum business— — (179)(276)(455)(4)(451)
Organic (Non-GAAP) - As Recast$2,754 $6,430 $10,977 $8,026 $28,187 $10,085 $18,102 
% Change
Reported (GAAP)29.7  %4.7  %2.4  %16.6  %9.7  %20.3  %3.9  %
Organic (Non-GAAP)31.9  %12.5  %7.4  %12.3  %12.3  %22.0  %7.0  %
Organic (Non-GAAP) - As Recast31.9  %12.5  %7.3  %12.4  %12.3  %22.0  %6.9  %

Schedule 1.f
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Three Months Ended December 31, 2022
Reported (GAAP)$1,014 $1,661 $3,210 $2,810 $8,695 $3,320 $5,375 
Acquisitions(98)— (167)(213)(478)(220)(258)
Currency34 196 351 19 600 237 363 
Organic (Non-GAAP)$950 $1,857 $3,394 $2,616 $8,817 $3,337 $5,480 
Divestiture - developed market gum business— — (47)(83)(130)(2)(128)
Currency impact of divestiture— — (6)— (6)— (6)
Organic (Non-GAAP) - As Recast$950 $1,857 $3,341 $2,533 $8,681 $3,335 $5,346 
For the Three Months Ended December 31, 2021
Reported (GAAP)$708 $1,639 $3,121 $2,190 $7,658 $2,692 $4,966 
Divestitures(15)(5)— — (20)(15)(5)
Organic (Non-GAAP)$693 $1,634 $3,121 $2,190 $7,638 $2,677 $4,961 
Divestiture - developed market gum business— — (45)(76)(121)(1)(120)
Organic (Non-GAAP) - As Recast$693 $1,634 $3,076 $2,114 $7,517 $2,676 $4,841 
% Change
Reported (GAAP)43.2  %1.3  %2.9  %28.3  %13.5  %23.3  %8.2  %
Organic (Non-GAAP)37.1  %13.6  %8.7  %19.5  %15.4  %24.7  %10.5  %
Organic (Non-GAAP) - As Recast37.1  %13.6  %8.6  %19.8  %15.5  %24.6  %10.4  %









Exhibit 99.1
Schedule 1.g
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Three Months Ended September 30, 2022
Reported (GAAP)$913 $1,704 $2,649 $2,497 $7,763 $3,094 $4,669 
Divestitures(1)— — — (1)(1)— 
Acquisitions— — (167)(167)(334)(125)(209)
Currency62 145 374 590 232 358 
Organic (Non-GAAP)$974 $1,849 $2,856 $2,339 $8,018 $3,200 $4,818 
Divestiture - developed market gum business— — (42)(70)(112)(1)(111)
Currency impact of divestiture— — (6)— (6)— (6)
Organic (Non-GAAP) - As Recast$974 $1,849 $2,808 $2,269 $7,900 $3,199 $4,701 
For the Three Months Ended September 30, 2021
Reported (GAAP)$751 $1,629 $2,714 $2,088 $7,182 $2,584 $4,598 
Divestitures(11)(16)— — (27)(11)(16)
Organic (Non-GAAP)$740 $1,613 $2,714 $2,088 $7,155 $2,573 $4,582 
Divestiture - developed market gum business— — (47)(73)(120)(1)(119)
Organic (Non-GAAP) - As Recast$740 $1,613 $2,667 $2,015 $7,035 $2,572 $4,463 
% Change
Reported (GAAP)21.6  %4.6  %(2.4) %19.6  %8.1  %19.7  %1.5  %
Organic (Non-GAAP)31.6  %14.6  %5.2  %12.0  %12.1  %24.4  %5.2  %
Organic (Non-GAAP) - As Recast31.6  %14.6  %5.3  %12.6  %12.3  %24.4  %5.3  %

Schedule 1.h
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Three Months Ended June 30, 2022
Reported (GAAP)$876 $1,535 $2,626 $2,237 $7,274 $2,806 $4,468 
Divestitures(12)— — — (12)(12)— 
Acquisitions— — (189)(9)(198)(135)(63)
Currency13 93 303 417 137 280 
Organic (Non-GAAP)$877 $1,628 $2,740 $2,236 $7,481 $2,796 $4,685 
Divestiture - developed market gum business— — (48)(83)(131)— (131)
Currency impact of divestiture— — (7)(1)(8)(1)(7)
Organic (Non-GAAP) - As Recast$877 $1,628 $2,685 $2,152 $7,342 $2,795 $4,547 
For the Three Months Ended June 30, 2021
Reported (GAAP)$669 $1,452 $2,474 $2,047 $6,642 $2,293 $4,349 
Divestitures(9)(14)— — (23)(9)(14)
Organic (Non-GAAP)$660 $1,438 $2,474 $2,047 $6,619 $2,284 $4,335 
Divestiture - developed market gum business— — (46)(71)(117)(1)(116)
Organic (Non-GAAP) - As Recast$660 $1,438 $2,428 $1,976 $6,502 $2,283 $4,219 
% Change
Reported (GAAP)30.9  %5.7  %6.1  %9.3  %9.5  %22.4  %2.7  %
Organic (Non-GAAP)32.9  %13.2  %10.8  %9.2  %13.0  %22.4  %8.1  %
Organic (Non-GAAP) - As Recast32.9  %13.2  %10.6  %8.9  %12.9  %22.4  %7.8  %






Exhibit 99.1
Schedule 1.i
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Three Months Ended March 31, 2022
Reported (GAAP)$826 $1,867 $2,935 $2,136 $7,764 $2,964 $4,800 
Divestitures(9)— — — (9)(9)— 
Acquisitions— (15)(184)(7)(206)(116)(90)
Currency14 49 235 — 298 138 160 
Organic (Non-GAAP)$831 $1,901 $2,986 $2,129 $7,847 $2,977 $4,870 
Divestiture - developed market gum business— — (41)(62)(103)(2)(101)
Currency impact of divestiture— — (3)— (3)— (3)
Organic (Non-GAAP) - As Recast$831 $1,901 $2,942 $2,067 $7,741 $2,975 $4,766 
For the Three Months Ended March 31, 2021
Reported (GAAP)$669 $1,745 $2,847 $1,977 $7,238 $2,563 $4,675 
Divestitures(8)— — — (8)(8)— 
Organic (Non-GAAP)$661 $1,745 $2,847 $1,977 $7,230 $2,555 $4,675 
Divestiture - developed market gum business— — (41)(56)(97)(1)(96)
Organic (Non-GAAP) - As Recast$661 $1,745 $2,806 $1,921 $7,133 $2,554 $4,579 
% Change
Reported (GAAP)23.5  %7.0  %3.1  %8.0  %7.3  %15.6  %2.7  %
Organic (Non-GAAP)25.7  %8.9  %4.9  %7.7  %8.5  %16.5  %4.2  %
Organic (Non-GAAP) - As Recast25.7  %8.9  %4.8  %7.6  %8.5  %16.5  %4.1  %

Schedule 1.j
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Revenues
(in millions of U.S. dollars)
(Unaudited) 
Latin AmericaAMEAEuropeNorth AmericaMondelēz InternationalEmerging MarketsDeveloped Markets
For the Twelve Months Ended December 31, 2021
Reported (GAAP)$2,797 $6,465 $11,156 $8,302 $28,720 $10,132 $18,588 
Divestitures(43)(35)— — (78)(43)(35)
Acquisitions— (47)(63)(144)(254)— (254)
Currency176 (222)(376)(50)(472)64 (536)
Organic (Non-GAAP)$2,930 $6,161 $10,717 $8,108 $27,916 $10,153 $17,763 
Divestiture - developed market gum business— — (179)(276)(455)(4)(451)
Currency impact of divestiture— — — 
Organic (Non-GAAP) - As Recast$2,930 $6,161 $10,544 $7,834 $27,469 $10,149 $17,320 
For the Twelve Months Ended December 31, 2020
Reported (GAAP)$2,477 $5,740 $10,207 $8,157 $26,581 $9,097 $17,484 
Divestitures(32)— — — (32)(32)— 
Organic (Non-GAAP)$2,445 $5,740 $10,207 $8,157 $26,549 $9,065 $17,484 
Divestiture - developed market gum business— — (180)(270)(450)(4)(446)
Organic (Non-GAAP) - As Recast$2,445 $5,740 $10,027 $7,887 $26,099 $9,061 $17,038 
% Change
Reported (GAAP)12.9  %12.6  %9.3  %1.8  %8.0  %11.4  %6.3  %
Organic (Non-GAAP)19.8  %7.3  %5.0  %(0.6) %5.1  %12.0  %1.6  %
Organic (Non-GAAP) - As Recast19.8  %7.3  %5.2  %(0.7) %5.2  %12.0  %1.7  %






Exhibit 99.1
Schedule 2.a
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Nine Months Ended September 30, 2023
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$26,702$10,294 38.6  %$4,309 16.1  %
Simplify to Grow Program61 
Intangible asset impairment charges— 26 
Mark-to-market (gains)/losses from derivatives(238)(239)
Acquisition integration costs and contingent consideration adjustments15 143 
Divestiture-related costs66 
Incremental costs due to war in Ukraine(1)(2)
Remeasurement of net monetary position— 60 
Adjusted (Non-GAAP)$26,702$10,075 37.7  %$4,424 16.6  %
Operating income from divestiture - developed market gum business(483)(274)(193)
Adjusted (Non-GAAP) - As Recast$26,219$9,801 37.4  %$4,231 16.1  %
Currency327 183 
Adjusted @ Constant FX (Non-GAAP) - As Recast$10,128 $4,414 
For the Nine Months Ended September 30, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$22,801$8,237 36.1  %$2,700 11.8  %
Simplify to Grow Program33 69 
Intangible asset impairment charges— 101 
Mark-to-market (gains)/losses from derivatives265 268 
Acquisition integration costs and contingent consideration adjustments96 
Inventory step-up20 20 
Acquisition-related costs72 318 
Divestiture-related costs12 
Operating income from divestitures(22)(3)(4)
Incremental costs due to war in Ukraine35 121 
Remeasurement of net monetary position— 26 
Adjusted (Non-GAAP)$22,779$8,664 38.0  %$3,727 16.4  %
Operating income from divestiture - developed market gum business(346)(176)(99)
Adjusted (Non-GAAP) - As Recast$22,433$8,488 37.8  %$3,628 16.2  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$2,057 $1,609 
$ Change - Adjusted (Non-GAAP)1,411 697 
$ Change - Adjusted (Non-GAAP) - As Recast1,313 603 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast1,640 786 
% Change - Reported (GAAP)25.0  %59.6  %
% Change - Adjusted (Non-GAAP)16.3  %18.7  %
% Change - Adjusted (Non-GAAP) - As Recast15.5 %16.6 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast19.3 %21.7 %






Exhibit 99.1
Schedule 2.b
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Three Months Ended September 30, 2023
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$9,029$3,494 38.7  %$1,379 15.3  %
Simplify to Grow Program20 
Intangible asset impairment charges— 26 
Mark-to-market (gains)/losses from derivatives(21)(19)
Acquisition integration costs and contingent consideration adjustments68 
Divestiture-related costs14 
Incremental costs due to war in Ukraine
Remeasurement of net monetary position— 22 
Adjusted (Non-GAAP)$9,029$3,483 38.6  %$1,511 16.7  %
Operating income from divestiture - developed market gum business(179)(101)(73)
Adjusted (Non-GAAP) - As Recast$8,850$3,382 38.2  %$1,438 16.2  %
Currency70 51 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,452 $1,489 
For the Three Months Ended September 30, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,763$2,613 33.7  %$679 8.7  %
Simplify to Grow Program12 16 
Intangible asset impairment charges— 23 
Mark-to-market (gains)/losses from derivatives184 186 
Acquisition integration costs and contingent consideration adjustments27 
Inventory step-up20 20 
Acquisition-related costs72 292 
Divestiture-related costs
Operating income from divestitures(1)— — 
Incremental costs due to war in Ukraine(2)(7)
Remeasurement of net monetary position— 11 
Adjusted (Non-GAAP)$7,762$2,901 37.4  %$1,253 16.1  %
Operating income from divestiture - developed market gum business(112)(59)(34)
Adjusted (Non-GAAP) - As Recast$7,650$2,842 37.2  %$1,219 15.9  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$881 $700 
$ Change - Adjusted (Non-GAAP)582 258 
$ Change - Adjusted (Non-GAAP) - As Recast540 219 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast610 270 
% Change - Reported (GAAP)33.7  %103.1  %
% Change - Adjusted (Non-GAAP)20.1  %20.6  %
% Change - Adjusted (Non-GAAP) - As Recast19.0 %18.0 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast21.5 %22.1 %






Exhibit 99.1
Schedule 2.c
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Three Months Ended June 30, 2023
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$8,507$3,354 39.4  %$1,425 16.8  %
Simplify to Grow Program
Mark-to-market (gains)/losses from derivatives(168)(171)
Acquisition integration costs and contingent consideration adjustments24 
Divestiture-related costs— 22 
Remeasurement of net monetary position— 26 
Adjusted (Non-GAAP)$8,507$3,193 37.5  %$1,332 15.7  %
Operating income from divestiture - developed market gum business(157)(89)(63)
Adjusted (Non-GAAP) - As Recast$8,350$3,104 37.2  %$1,269 15.2  %
Currency103 51 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,207 $1,320 
For the Three Months Ended June 30, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,274$2,641 36.3  %$927 12.7  %
Simplify to Grow Program11 22 
Mark-to-market (gains)/losses from derivatives109 109 
Acquisition integration costs and contingent consideration adjustments37 
Acquisition-related costs— 
Divestiture-related costs
Operating income from divestitures(12)— (3)
Incremental costs due to war in Ukraine(7)(15)
Remeasurement of net monetary position— 10 
Adjusted (Non-GAAP)$7,262$2,756 38.0  %$1,097 15.1  %
Operating income from divestiture - developed market gum business(131)(67)(39)
Adjusted (Non-GAAP) - As Recast$7,131$2,689 37.7  %$1,058 14.8  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$713 $498 
$ Change - Adjusted (Non-GAAP)437 235 
$ Change - Adjusted (Non-GAAP) - As Recast415 211 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast518 262 
% Change - Reported (GAAP)27.0  %53.7  %
% Change - Adjusted (Non-GAAP)15.9  %21.4  %
% Change - Adjusted (Non-GAAP) - As Recast15.4 %19.9 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast19.3 %24.8 %









Exhibit 99.1
Schedule 2.d
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Three Months Ended March 31, 2023
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$9,166$3,446 37.6  %$1,505 16.4  %
Simplify to Grow Program35 
Mark-to-market (gains)/losses from derivatives(49)(49)
Acquisition integration costs and contingent consideration adjustments51 
Divestiture-related costs— 30 
Incremental costs due to war in Ukraine(2)(3)
Remeasurement of net monetary position— 12 
Adjusted (Non-GAAP)$9,166$3,399 37.1  %$1,581 17.2  %
Operating income from divestiture - developed market gum business(147)(84)(57)
Adjusted (Non-GAAP) - As Recast$9,019$3,315 36.8  %$1,524 16.9  %
Currency154 81 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,469 $1,605 
For the Three Months Ended March 31, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,764$2,983 38.4  %$1,094 14.1  %
Simplify to Grow Program10 31 
Intangible asset impairment charges— 78 
Mark-to-market (gains)/losses from derivatives(28)(27)
Acquisition integration costs and contingent consideration adjustments— 32 
Acquisition-related costs— 21 
Divestiture-related costs
Operating income from divestitures(9)(3)(1)
Incremental costs due to war in Ukraine44 143 
Remeasurement of net monetary position— 
Adjusted (Non-GAAP)$7,755$3,007 38.8  %$1,377 17.8  %
Operating income from divestiture - developed market gum business(103)(50)(26)
Adjusted (Non-GAAP) - As Recast$7,652$2,957 38.6  %$1,351 17.7  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$463 $411 
$ Change - Adjusted (Non-GAAP)392 204 
$ Change - Adjusted (Non-GAAP) - As Recast358 173 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast512 254 
% Change - Reported (GAAP)15.5  %37.6  %
% Change - Adjusted (Non-GAAP)13.0  %14.8  %
% Change - Adjusted (Non-GAAP) - As Recast12.1 %12.8 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast17.3 %18.8 %








Exhibit 99.1
Schedule 2.e
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Twelve Months Ended December 31, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$31,496$11,312 35.9  %$3,534 11.2  %
Simplify to Grow Program45 122 
Intangible asset impairment charges— 101 
Mark-to-market (gains)/losses from derivatives324 326 
Acquisition integration costs and contingent consideration adjustments136 
Inventory step-up25 25 
Acquisition-related costs72 330 
Divestiture-related costs18 
Operating income from divestitures(22)(3)(4)
2017 malware incident net recoveries(25)(37)
European Commission legal matter— 318 
Incremental costs due to war in Ukraine36 121 
Remeasurement of net monetary position— 40 
Impact from pension participation changes(1)(1)
Adjusted (Non-GAAP)$31,474$11,794 37.5  %$5,029 16.0  %
Operating income from divestiture - developed market gum business(476)(248)(144)
Adjusted (Non-GAAP) - As Recast$30,998$11,546 37.2  %$4,885 15.8  %
Currency653 312 
Adjusted @ Constant FX (Non-GAAP) - As Recast$12,199 $5,197 
For the Twelve Months Ended December 31, 2021
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$28,720$11,254 39.2  %$4,653 16.2  %
Simplify to Grow Program114 319 
Intangible asset impairment charges— 32 
Mark-to-market (gains)/losses from derivatives(279)(279)
Acquisition integration costs and contingent consideration adjustments(40)
Acquisition-related costs— 25 
Net gain on acquisition and divestitures— (8)
Divestiture-related costs— 22 
Operating income from divestitures(78)(15)(15)
Remeasurement of net monetary position— 13 
Impact from pension participation changes20 48 
Impact from resolution of tax matters— (5)
Rounding— 
Adjusted (Non-GAAP)$28,642$11,096 38.7  %$4,765 16.6  %
Operating income from divestiture - developed market gum business(455)(223)(112)
Adjusted (Non-GAAP) - As Recast$28,187$10,873 38.6  %$4,653 16.5  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$58 $(1,119)
$ Change - Adjusted (Non-GAAP)698 264 
$ Change - Adjusted (Non-GAAP) - As Recast673 232 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast1,326 544 
% Change - Reported (GAAP)0.5  %(24.0) %
% Change - Adjusted (Non-GAAP)6.3  %5.5  %
% Change - Adjusted (Non-GAAP) - As Recast6.2 %5.0 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast12.2 %11.7 %



Exhibit 99.1
Schedule 2.f
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Three Months Ended December 31, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$8,695$3,075 35.4  %$834 9.6  %
Simplify to Grow Program12 53 
Mark-to-market (gains)/losses from derivatives59 58 
Acquisition integration costs and contingent consideration adjustments40 
Inventory step-up
Acquisition-related costs— 12 
Divestiture-related costs— 
2017 malware incident net recoveries(25)(37)
European Commission legal matter— 318 
Incremental costs due to war in Ukraine— 
Remeasurement of net monetary position— 14 
Impact from pension participation changes(1)(1)
Adjusted (Non-GAAP)$8,695$3,130 36.0  %$1,302 15.0  %
Operating income from divestiture - developed market gum business(130)(72)(45)
Adjusted (Non-GAAP) - As Recast$8,565$3,058 35.7  %$1,257 14.7  %
Currency180 69 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,238 $1,326 
For the Three Months Ended December 31, 2021
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,658$2,833 37.0  %$1,204 15.7  %
Simplify to Grow Program22 (62)
Mark-to-market (gains)/losses from derivatives(9)(9)
Acquisition integration costs and contingent consideration adjustments(1)14 
Acquisition-related costs— 
Loss on divestitures— 
Divestiture-related costs— 22 
Operating income from divestiture(20)(6)(4)
Remeasurement of net monetary position— 
Impact from pension participation changes— 
Rounding— 
Adjusted (Non-GAAP)$7,638$2,840 37.2  %$1,171 15.3  %
Operating income from divestiture - developed market gum business(121)(66)(36)
Adjusted (Non-GAAP) - As Recast$7,517$2,774 36.9  %$1,135 15.1  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$242 $(370)
$ Change - Adjusted (Non-GAAP)290 131 
$ Change - Adjusted (Non-GAAP) - As Recast284 122 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast464 191 
% Change - Reported (GAAP)8.5  %(30.7) %
% Change - Adjusted (Non-GAAP)10.2  %11.2  %
% Change - Adjusted (Non-GAAP) - As Recast10.2 %10.7 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast16.7 %16.8 %






Exhibit 99.1
Schedule 2.g
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Three Months Ended September 30, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,763$2,613 33.7  %$679 8.7  %
Simplify to Grow Program12 16 
Intangible asset impairment charges— 23 
Mark-to-market (gains)/losses from derivatives184 186 
Acquisition integration costs and contingent consideration adjustments27 
Inventory step-up20 20 
Acquisition-related costs72 292 
Divestiture-related costs
Operating income from divestitures(1)— — 
Incremental costs due to war in Ukraine(2)(7)
Remeasurement of net monetary position— 11 
Adjusted (Non-GAAP)$7,762$2,901 37.4  %$1,253 16.1  %
Operating income from divestiture - developed market gum business(112)(59)(34)
Adjusted (Non-GAAP) - As Recast$7,650$2,842 37.2  %$1,219 15.9  %
Currency189 91 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,031 $1,310 
For the Three Months Ended September 30, 2021
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,182$2,824 39.3  %$1,294 18.0  %
Simplify to Grow Program57 127 
Mark-to-market (gains)/losses from derivatives(133)(132)
Acquisition integration costs and contingent consideration adjustments(57)
Operating income from divestitures(27)(6)(6)
Remeasurement of net monetary position— 
Impact from pension participation changes
Adjusted (Non-GAAP)$7,155$2,744 38.4  %$1,230 17.2  %
Operating income from divestiture - developed market gum business(120)(56)(30)
Adjusted (Non-GAAP) - As Recast$7,035$2,688 38.2  %$1,200 17.1  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$(211)$(615)
$ Change - Adjusted (Non-GAAP)157 23 
$ Change - Adjusted (Non-GAAP) - As Recast154 19 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast343 110 
% Change - Reported (GAAP)(7.5) %(47.5) %
% Change - Adjusted (Non-GAAP)5.7  %1.9  %
% Change - Adjusted (Non-GAAP) - As Recast5.7 %1.6 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast12.8 %9.2 %









Exhibit 99.1
Schedule 2.h
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Three Months Ended June 30, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,274$2,641 36.3  %$927 12.7  %
Simplify to Grow Program11 22 
Mark-to-market (gains)/losses from derivatives109 109 
Acquisition integration costs and contingent consideration adjustments37 
Acquisition-related costs— 
Divestiture-related costs
Operating income from divestitures(12)— (3)
Incremental costs due to war in Ukraine(7)(15)
Remeasurement of net monetary position— 10 
Adjusted (Non-GAAP)$7,262$2,756 38.0  %$1,097 15.1  %
Operating income from divestiture - developed market gum business(131)(67)(39)
Adjusted (Non-GAAP) - As Recast$7,131$2,689 37.7  %$1,058 14.8  %
Currency146 63 
Adjusted @ Constant FX (Non-GAAP) - As Recast$2,835 $1,121 
For the Three Months Ended June 30, 2021
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$6,642$2,631 39.6  %$872 13.1  %
Simplify to Grow Program20 132 
Intangible asset impairment charges— 32 
Mark-to-market (gains)/losses from derivatives(21)(20)
Acquisition integration costs and contingent consideration adjustments
Acquisition-related costs— 17 
Operating income from divestitures(23)(1)(4)
Remeasurement of net monetary position— 
Impact from pension participation changes18 44 
Impact from resolution of tax matters— (5)
Adjusted (Non-GAAP)$6,619$2,648 40.0  %$1,073 16.2  %
Operating income from divestiture - developed market gum business(117)(60)(30)
Adjusted (Non-GAAP) - As Recast$6,502$2,588 39.8  %$1,043 16.0  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$10 $55 
$ Change - Adjusted (Non-GAAP)108 24 
$ Change - Adjusted (Non-GAAP) - As Recast101 15 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast247 78 
% Change - Reported (GAAP)0.4  %6.3  %
% Change - Adjusted (Non-GAAP)4.1  %2.2  %
% Change - Adjusted (Non-GAAP) - As Recast3.9 %1.4 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast9.5 %7.5 %








Exhibit 99.1
Schedule 2.i
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Three Months Ended March 31, 2022
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,764$2,983 38.4  %$1,094 14.1  %
Simplify to Grow Program10 31 
Intangible asset impairment charges— 78 
Mark-to-market (gains)/losses from derivatives(28)(27)
Acquisition integration costs and contingent consideration adjustments— 32 
Acquisition-related costs— 21 
Divestiture-related costs
Operating income from divestitures(9)(3)(1)
Incremental costs due to war in Ukraine44 143 
Remeasurement of net monetary position— 
Adjusted (Non-GAAP)$7,755$3,007 38.8  %$1,377 17.8  %
Operating income from divestiture - developed market gum business(103)(50)(26)
Adjusted (Non-GAAP) - As Recast$7,652$2,957 38.6  %$1,351 17.7  %
Currency138 89 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,095 $1,440 
For the Three Months Ended March 31, 2021
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$7,238$2,966 41.0  %$1,283 17.7  %
Simplify to Grow Program15 122 
Mark-to-market (gains)/losses from derivatives(116)(118)
Acquisition integration costs and contingent consideration adjustments— 
Acquisition-related costs— 
Gain on acquisition— (9)
Operating income from divestitures(8)(2)(1)
Remeasurement of net monetary position— 
Impact from pension participation changes
Adjusted (Non-GAAP)$7,230$2,864 39.6  %$1,291 17.9  %
Operating income from divestiture - developed market gum business(97)(41)(16)
Adjusted (Non-GAAP) - As Recast$7,133$2,823 39.6  %$1,275 17.9  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$17 $(189)
$ Change - Adjusted (Non-GAAP)143 86 
$ Change - Adjusted (Non-GAAP) - As Recast134 76 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast272 165 
% Change - Reported (GAAP)0.6  %(14.7) %
% Change - Adjusted (Non-GAAP)5.0  %6.7  %
% Change - Adjusted (Non-GAAP) - As Recast4.7 %6.0 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast9.6 %12.9 %








Exhibit 99.1
Schedule 2.j
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Gross Profit / Operating Income
(in millions of U.S. dollars)
(Unaudited) 
For the Twelve Months Ended December 31, 2021
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$28,720$11,254 39.2  %$4,653 16.2  %
Simplify to Grow Program114 319 
Intangible asset impairment charges— 32 
Mark-to-market (gains)/losses from derivatives(279)(279)
Acquisition integration costs and contingent consideration adjustments(40)
Acquisition-related costs— 25 
Net gain on acquisition and divestitures— (8)
Divestiture-related costs— 22 
Operating income from divestitures(78)(15)(15)
Remeasurement of net monetary position— 13 
Impact from pension participation changes20 48 
Impact from resolution of tax matters— (5)
Rounding— 
Adjusted (Non-GAAP)$28,642$11,096 38.7  %$4,765 16.6  %
Operating income from divestiture - developed market gum business(455)(223)(112)
Adjusted (Non-GAAP) - As Recast$28,187$10,873 38.6  %$4,653 16.5  %
Currency(209)(119)
Adjusted @ Constant FX (Non-GAAP) - As Recast$10,664 $4,534 
For the Twelve Months Ended December 31, 2020
Net RevenuesGross ProfitGross Profit MarginOperating IncomeOperating Income Margin
Reported (GAAP)$26,581$10,446 39.3  %$3,853 14.5  %
Simplify to Grow Program90 360 
Intangible asset impairment charges— 144 
Mark-to-market (gains)/losses from derivatives(16)(16)
Acquisition integration costs
Acquisition-related costs— 15 
Divestiture-related costs— 
Operating income from divestitures(32)(2)(2)
Costs associated with JDE Peet’s transaction— 48 
Remeasurement of net monetary position— 
Impact from resolution of tax matters— (20)
Adjusted (Non-GAAP)$26,549$10,519 39.6  %$4,399 16.6  %
Operating income from divestiture - developed market gum business(450)(216)(94)
Adjusted (Non-GAAP) - As Recast$26,099$10,303 39.5  %$4,305 16.5  %
Gross ProfitOperating Income
$ Change - Reported (GAAP)$808 $800 
$ Change - Adjusted (Non-GAAP)577 366 
$ Change - Adjusted (Non-GAAP) - As Recast570 348 
$ Change - Adjusted @ Constant FX (Non-GAAP) - As Recast361 229 
% Change - Reported (GAAP)7.7  %20.8  %
% Change - Adjusted (Non-GAAP)5.5  %8.3  %
% Change - Adjusted (Non-GAAP) - As Recast5.5 %8.1 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast3.5 %5.3 %





Exhibit 99.1
Schedule 3.a
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Nine Months Ended September 30, 2023
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$3,744$5,339$9,319$8,300$$$$$26,702
Divestitures
Adjusted (Non-GAAP)$3,744$5,339$9,319$8,300$$$$$26,702
Divestiture - developed market gum business(174)(309)(483)
Adjusted (Non-GAAP) - As Recast$3,744$5,339$9,145$7,991$$$$$26,219
Operating Income
Reported (GAAP)$429$869$1,450$1,678$239$(242)$(114)$$4,309
Simplify to Grow Program(2)63020761
Intangible asset impairment charges62026
Mark-to-market (gains)/losses from derivatives(239)(239)
Acquisition integration costs and contingent consideration adjustments29215934143
Divestiture-related costs4910766
Incremental costs due to war in Ukraine(2)(2)
Remeasurement of net monetary position411960
Adjusted (Non-GAAP)$497$877$1,567$1,821$$(224)$(114)$$4,424
Operating income from divestiture - developed market gum business(59)(136)2(193)
Adjusted (Non-GAAP) - As Recast$497$877$1,508$1,685$$(224)$(112)$$4,231
Currency387935(7)2183
Adjusted @ Constant FX (Non-GAAP) - As Recast$500$964$1,601$1,690$$(231)$(110)$$4,414
$ Change - Reported (GAAP)$124$129$280$341n/m$(72)$(18)n/m$1,609
$ Change - Adjusted (Non-GAAP)16028173428n/m(74)(18)n/m697
% Change - Adjusted (Non-GAAP) - As Recast16028153357n/m(74)(21)n/m603
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast163115246362n/m(81)(19)n/m786
% Change - Reported (GAAP)40.7  %17.4  %23.9  %25.5 %n/m(42.4) %(18.8)%n/m59.6  %
% Change - Adjusted (Non-GAAP)47.5  %3.3  %12.4 %30.7  %n/m(49.3) %(18.8)%n/m18.7  %
% Change - Adjusted (Non-GAAP) - As Recast47.5 %3.3  %11.3 %26.9  %n/m49.3  %23.1 %n/m16.6 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast48.4 %13.5  %18.2 %27.3  %n/m54.0  %20.9 %n/m21.7 %
Operating Income Margin
Reported %11.5 %16.3  %15.6 %20.2 %16.1 %
Reported pp change(0.2)pp1.8 pp1.3 pp0.7 pp4.3 pp
Adjusted %13.3 %16.4  %16.8 %21.9 %16.6 %
Adjusted pp change0.3 pp(0.2)pp(0.2)pp1.6 pp0.2 pp
Adjusted % - As Recast13.3 %16.4  %16.5 %21.1 %16.1 %
Adjusted pp change - As Recast0.3 pp(0.2)pp(0.3)pp1.1 pp(0.1)pp
For the Nine Months Ended September 30, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$2,615$5,106$8,210$6,870$$$$$22,801
Divestitures(22)(22)
Adjusted (Non-GAAP)$2,593$5,106$8,210$6,870$$$$$22,779
Divestiture - developed market gum business(131)(215)(346)
Adjusted (Non-GAAP) - As Recast$2,593$5,106$8,079$6,655$$$$$22,433
Operating Income
Reported (GAAP)$305$740$1,170$1,337$(268)$(170)$(96)$(318)$2,700
Simplify to Grow Program723281169
Intangible asset impairment charges101101
Mark-to-market (gains)/losses from derivatives268268
Acquisition integration costs and contingent consideration adjustments6181896
Inventory step-up2020
Acquisition-related costs318318
Divestiture-related costs3912
Operating income from divestitures(4)(4)
Incremental costs due to war in Ukraine121121
Remeasurement of net monetary position27(1)26
Adjusted (Non-GAAP)$337$849$1,394$1,393$$(150)$(96)$$3,727
Operating income from divestiture - developed market gum business(39)(65)5(99)
Adjusted (Non-GAAP) - As Recast$337$849$1,355$1,328$$(150)$(91)$$3,628
Operating Income Margin
Reported %11.7 %14.5  %14.3 %19.5 %11.8 %
Adjusted %13.0 %16.6  %17.0 %20.3 %16.4 %
Adjusted % - As Recast13.0 %16.6  %16.8 %20.0 %16.2 %
            


Exhibit 99.1
Schedule 3.b
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Three Months Ended September 30, 2023
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$1,305$1,791$3,086$2,847$$$$$9,029
Divestitures
Adjusted (Non-GAAP)$1,305$1,791$3,086$2,847$$$$$9,029
Divestiture - developed market gum business(60)(119)(179)
Adjusted (Non-GAAP) - As Recast$1,305$1,791$3,026$2,728$$$$$8,850
Operating Income
Reported (GAAP)$156$302$494$532$19$(86)$(38)$$1,379
Simplify to Grow Program4112320
Intangible asset impairment charges62026
Mark-to-market (gains)/losses from derivatives(19)(19)
Acquisition integration costs and contingent consideration adjustments13646368
Divestiture-related costs121114
Incremental costs due to war in Ukraine11
Remeasurement of net monetary position20222
Adjusted (Non-GAAP)$189$306$522$611$$(79)$(38)$$1,511
Operating income from divestiture - developed market gum business(20)(53)(73)
Adjusted (Non-GAAP) - As Recast$189$306$502$558$$(79)$(38)$$1,438
Currency(11)27331(2)351
Adjusted @ Constant FX (Non-GAAP) - As Recast$178$333$535$559$$(81)$(35)$$1,489
$ Change - Reported (GAAP)$44$45$81$67n/m$(28)$(6)n/m$700
$ Change - Adjusted (Non-GAAP)592496119n/m(34)(6)n/m258
% Change - Adjusted (Non-GAAP) - As Recast59249088n/m(34)(8)n/m219
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast485112389n/m(36)(5)n/m270
% Change - Reported (GAAP)39.3  %17.5  %19.6  %14.4 %n/m(48.3) %(18.8)%n/m103.1  %
% Change - Adjusted (Non-GAAP)45.4  %8.5  %22.5 %24.2  %n/m(75.6) %(18.8)%n/m20.6  %
% Change - Adjusted (Non-GAAP) - As Recast45.4 %8.5  %21.8 %18.7  %n/m75.6  %26.7 %n/m18.0 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast36.9 %18.1  %29.9 %18.9  %n/m80.0  %16.7 %n/m22.1 %
Operating Income Margin
Reported %12.0 %16.9  %16.0 %18.7 %15.3 %
Reported pp change(0.3)pp1.8 pp0.4 pp0.1 pp6.6 pp
Adjusted %14.5 %17.1  %16.9 %21.5 %16.7 %
Adjusted pp change0.2 pp0.6 pp0.8 pp1.8 pp0.6 pp
Adjusted % - As Recast14.5 %17.1  %16.6 %20.5 %16.2 %
Adjusted pp change - As Recast0.2 pp0.6 pp0.8 pp1.1 pp0.3 pp
For the Three Months Ended September 30, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$913$1,704$2,649$2,497$$$$$7,763
Divestitures(1)(1)
Adjusted (Non-GAAP)$912$1,704$2,649$2,497$$$$$7,762
Divestiture - developed market gum business(42)(70)(112)
Adjusted (Non-GAAP) - As Recast$912$1,704$2,607$2,427$$$$$7,650
Operating Income
Reported (GAAP)$112$257$413$465$(186)$(58)$(32)$(292)$679
Simplify to Grow Program(1)18816
Intangible asset impairment charges2323
Mark-to-market (gains)/losses from derivatives186186
Acquisition integration costs and contingent consideration adjustments6113727
Inventory step-up2020
Acquisition-related costs292292
Divestiture-related costs156
Incremental costs due to war in Ukraine(7)(7)
Remeasurement of net monetary position12(1)11
Adjusted (Non-GAAP)$130$282$426$492$$(45)$(32)$$1,253
Operating income from divestiture - developed market gum business(14)(22)2(34)
Adjusted (Non-GAAP) - As Recast$130$282$412$470$$(45)$(30)$$1,219
Operating Income Margin
Reported %12.3 %15.1  %15.6 %18.6 %8.7 %
Adjusted %14.3 %16.5  %16.1 %19.7 %16.1 %
Adjusted % - As Recast14.3 %16.5  %15.8 %19.4 %15.9 %




Exhibit 99.1
Schedule 3.c
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Three Months Ended June 30, 2023
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$1,228$1,609$2,926$2,744$$$$$8,507
Divestitures
Adjusted (Non-GAAP)$1,228$1,609$2,926$2,744$$$$$8,507
Divestiture - developed market gum business(59)(98)(157)
Adjusted (Non-GAAP) - As Recast$1,228$1,609$2,867$2,646$$$$$8,350
Operating Income
Reported (GAAP)$134$207$449$580$171$(79)$(37)$$1,425
Simplify to Grow Program(2)1(1)9(1)6
Mark-to-market (gains)/losses from derivatives(171)(171)
Acquisition integration costs and contingent consideration adjustments1023924
Divestiture-related costs116522
Remeasurement of net monetary position101626
Adjusted (Non-GAAP)$152$210$478$604$$(75)$(37)$$1,332
Operating income from divestiture - developed market gum business(19)(44)(63)
Adjusted (Non-GAAP) - As Recast$152$210$459$560$$(75)$(37)$$1,269
Currency1113281(1)(1)51
Adjusted @ Constant FX (Non-GAAP) - As Recast$163$223$487$561$$(76)$(38)$$1,320
$ Change - Reported (GAAP)$44$(4)$69$126n/m$(17)$(5)n/m$498
$ Change - Adjusted (Non-GAAP)53(4)69136n/m(14)(5)n/m235
% Change - Adjusted (Non-GAAP) - As Recast53(4)63119n/m(14)(6)n/m211
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast64991120n/m(15)(7)n/m262
% Change - Reported (GAAP)48.9  %(1.9) %18.2  %27.8 %n/m(27.4) %(15.6)%n/m53.7  %
% Change - Adjusted (Non-GAAP)53.5  %(1.9) %16.9 %29.1  %n/m(23.0) %(15.6)%n/m21.4  %
% Change - Adjusted (Non-GAAP) - As Recast53.5 %(1.9) %15.9 %27.0  %n/m23.0  %19.4 %n/m19.9 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast64.6 %4.2  %23.0 %27.2  %n/m24.6  %22.6 %n/m24.8 %
Operating Income Margin
Reported %10.9 %12.9  %15.3 %21.1 %16.8 %
Reported pp change0.6 pp(0.8)pp0.8 pp0.8 pp4.1 pp
Adjusted %12.4 %13.1  %16.3 %22.0 %15.7 %
Adjusted pp change0.9 pp(0.8)pp0.7 pp1.1 pp0.6 pp
Adjusted % - As Recast12.4 %13.1  %16.0 %21.2 %15.2 %
Adjusted pp change - As Recast0.9 pp(0.8)pp0.6 pp0.7 pp0.4 pp
For the Three Months Ended June 30, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$876$1,535$2,626$2,237$$$$$7,274
Divestitures(12)(12)
Adjusted (Non-GAAP)$864$1,535$2,626$2,237$$$$$7,262
Divestiture - developed market gum business(48)(83)(131)
Adjusted (Non-GAAP) - As Recast$864$1,535$2,578$2,154$$$$$7,131
Operating Income
Reported (GAAP)$90$211$380$454$(109)$(62)$(32)$(5)$927
Simplify to Grow Program13813(3)22
Mark-to-market (gains)/losses from derivatives109109
Acquisition integration costs and contingent consideration adjustments36137
Acquisition-related costs55
Divestiture-related costs145
Operating income from divestitures(3)(3)
Incremental costs due to war in Ukraine(15)(15)
Remeasurement of net monetary position1010
Adjusted (Non-GAAP)$99$214$409$468$$(61)$(32)$$1,097
Operating income from divestiture - developed market gum business(13)(27)1(39)
Adjusted (Non-GAAP) - As Recast$99$214$396$441$$(61)$(31)$$1,058
Operating Income Margin
Reported %10.3 %13.7  %14.5 %20.3 %12.7 %
Adjusted %11.5 %13.9  %15.6 %20.9 %15.1 %
Adjusted % - As Recast11.5 %13.9  %15.4 %20.5 %14.8 %





Exhibit 99.1
Schedule 3.d
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Three Months Ended March 31, 2023
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$1,211$1,939$3,307$2,709$$$$$9,166
Divestitures
Adjusted (Non-GAAP)$1,211$1,939$3,307$2,709$$$$$9,166
Divestiture - developed market gum business(55)(92)(147)
Adjusted (Non-GAAP) - As Recast$1,211$1,939$3,252$2,617$$$$$9,019
Operating Income
Reported (GAAP)$139$360$507$566$49$(77)$(39)$$1,505
Simplify to Grow Program130(1)535
Mark-to-market (gains)/losses from derivatives(49)(49)
Acquisition integration costs and contingent consideration adjustments6638151
Divestiture-related costs263130
Incremental costs due to war in Ukraine(3)(3)
Remeasurement of net monetary position11112
Adjusted (Non-GAAP)$156$361$567$606$$(70)$(39)$$1,581
Operating income from divestiture - developed market gum business(20)(39)2(57)
Adjusted (Non-GAAP) - As Recast$156$361$547$567$$(70)$(37)$$1,524
Currency347323(4)81
Adjusted @ Constant FX (Non-GAAP) - As Recast$159$408$579$570$$(74)$(37)$$1,605
$ Change - Reported (GAAP)$36$88$130$148n/m$(27)$(7)n/m$411
$ Change - Adjusted (Non-GAAP)4888173n/m(26)(7)n/m204
% Change - Adjusted (Non-GAAP) - As Recast488150n/m(26)(7)n/m173
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast515532153n/m(30)(7)n/m254
% Change - Reported (GAAP)35.0  %32.4  %34.5  %35.4 %n/m(54.0) %(21.9)%n/m37.6  %
% Change - Adjusted (Non-GAAP)44.4  %2.3  %1.4 %40.0  %n/m(59.1) %(21.9)%n/m14.8  %
% Change - Adjusted (Non-GAAP) - As Recast44.4 %2.3  %— %36.0  %n/m59.1  %23.3 %n/m12.8 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast47.2 %15.6  %5.9 %36.7  %n/m68.2  %23.3 %n/m18.8 %
Operating Income Margin
Reported %11.5 %18.6  %15.3 %20.9 %16.4 %
Reported pp change(1.0)pp4.0 pp2.5 pp1.3 pp2.3 pp
Adjusted %12.9 %18.6  %17.1 %22.4 %17.2 %
Adjusted pp change(0.3)pp(0.3)pp(1.9)pp2.1 pp(0.6)pp
Adjusted % - As Recast12.9 %18.6  %16.8 %21.7 %16.9 %
Adjusted pp change - As Recast(0.3)pp(0.3)pp(2.1)pp1.6 pp(0.8)pp
For the Three Months Ended March 31, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$826$1,867$2,935$2,136$$$$$7,764
Divestitures(9)(9)
Adjusted (Non-GAAP)$817$1,867$2,935$2,136$$$$$7,755
Divestiture - developed market gum business(41)(62)(103)
Adjusted (Non-GAAP) - As Recast$817$1,867$2,894$2,074$$$$$7,652
Operating Income
Reported (GAAP)$103$272$377$418$27$(50)$(32)$(21)$1,094
Simplify to Grow Program3715631
Intangible asset impairment charges7878
Mark-to-market (gains)/losses from derivatives(27)(27)
Acquisition integration costs and contingent consideration adjustments3232
Acquisition-related costs2121
Divestiture-related costs11
Operating income from divestitures(1)(1)
Incremental costs due to war in Ukraine143143
Remeasurement of net monetary position55
Adjusted (Non-GAAP)$108$353$559$433$$(44)$(32)$$1,377
Operating income from divestiture - developed market gum business(12)(16)2(26)
Adjusted (Non-GAAP) - As Recast$108$353$547$417$$(44)$(30)$$1,351
Operating Income Margin
Reported %12.5 %14.6  %12.8 %19.6 %14.1 %
Adjusted %13.2 %18.9  %19.0 %20.3 %17.8 %
Adjusted % - As Recast13.2 %18.9  %18.9 %20.1 %17.7 %




Exhibit 99.1
Schedule 3.e
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Twelve Months Ended December 31, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$3,629$6,767$11,420$9,680$$$$$31,496
Divestitures(22)(22)
Adjusted (Non-GAAP)$3,607$6,767$11,420$9,680$$$$$31,474
Divestiture - developed market gum business(178)(298)(476)
Adjusted (Non-GAAP) - As Recast$3,607$6,767$11,242$9,382$$$$$30,998
Operating Income
Reported (GAAP)$388$929$1,481$1,769$(326)$(245)$(132)$(330)$3,534
Simplify to Grow Program119414912122
Intangible asset impairment charges101101
Mark-to-market (gains)/losses from derivatives326326
Acquisition integration costs and contingent consideration adjustments1117846136
Inventory step-up52025
Acquisition-related costs330330
Divestiture-related costs311418
Operating income from divestitures(4)(4)
2017 malware incident net recoveries2472(52)(37)
European Commission legal matter318318
Incremental costs due to war in Ukraine121121
Remeasurement of net monetary position39140
Impact from pension participation changes(1)(1)
Adjusted (Non-GAAP)$445$1,054$2,047$1,886$$(271)$(132)$$5,029
Operating income from divestiture - developed market gum business(54)(97)7(144)
Adjusted (Non-GAAP) - As Recast$445$1,054$1,993$1,789$$(271)$(125)$$4,885
Currency(4)912346(7)(8)312
Adjusted @ Constant FX (Non-GAAP) - As Recast$441$1,145$2,227$1,795$$(278)$(133)$$5,197
$ Change - Reported (GAAP)$127$(125)$(611)$398n/m$8$2n/m$(1,119)
$ Change - Adjusted (Non-GAAP)14811(146)292n/m(43)2n/m264
% Change - Adjusted (Non-GAAP) - As Recast14811(160)274n/m(43)2n/m232
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast14410274280n/m(50)(6)n/m544
% Change - Reported (GAAP)48.7  %(11.9) %(29.2) %29.0 %n/m3.2  %1.5 %n/m(24.0) %
% Change - Adjusted (Non-GAAP)49.8  %1.1  %(6.7)%18.3  %n/m(18.9) %1.5 %n/m5.5  %
% Change - Adjusted (Non-GAAP) - As Recast49.8 %1.1  %(7.4)%18.1  %n/m18.9  %(1.6)%n/m5.0 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast48.5 %9.8  %3.4 %18.5  %n/m21.9  %4.7 %n/m11.7 %
Operating Income Margin
Reported %10.7 %13.7  %13.0 %18.3 %11.2 %
Reported pp change1.4 pp(2.6)pp(5.8)pp1.8 pp(5.0)pp
Adjusted %12.3 %15.6  %17.9 %19.5 %16.0 %
Adjusted pp change1.5 pp(0.6)pp(1.8)pp0.3 pp(0.6)pp
Adjusted % - As Recast12.3 %15.6  %17.7 %19.1 %15.8 %
Adjusted pp change - As Recast1.5 pp(0.6)pp(1.9)pp0.2 pp(0.7)pp
For the Twelve Months Ended December 31, 2021
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$2,797$6,465$11,156$8,302$$$$$28,720
Divestitures(43)(35)(78)
Adjusted (Non-GAAP)$2,754$6,430$11,156$8,302$$$$$28,642
Divestiture - developed market gum business(179)(276)(455)
Adjusted (Non-GAAP) - As Recast$2,754$6,430$10,977$8,026$$$$$28,187
Operating Income
Reported (GAAP)$261$1,054$2,092$1,371$279$(253)$(134)$(17)$4,653
Simplify to Grow Program16(7)3725023319
Intangible asset impairment charges3232
Mark-to-market (gains)/losses from derivatives(279)(279)
Acquisition integration costs and contingent consideration adjustments116(59)2(40)
Acquisition-related costs2525
Net gain on acquisition and divestitures(8)(8)
Divestiture-related costs2222
Operating income from divestitures(10)(5)(15)
Remeasurement of net monetary position1313
Impact from pension participation changes4848
Impact from resolution of tax matters(5)(5)
Adjusted (Non-GAAP)$297$1,043$2,193$1,594$$(228)$(134)$$4,765
Operating income from divestiture - developed market gum business(40)(79)7(112)
Adjusted (Non-GAAP) - As Recast$297$1,043$2,153$1,515$$(228)$(127)$$4,653
Operating Income Margin
Reported %9.3 %16.3  %18.8 %16.5 %16.2 %
Adjusted %10.8 %16.2  %19.7 %19.2 %16.6 %
Adjusted % - As Recast10.8 %16.2  %19.6 %18.9 %16.5 %




Exhibit 99.1
Schedule 3.f
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Three Months Ended December 31, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$1,014$1,661$3,210$2,810$$$$$8,695
Divestitures
Adjusted (Non-GAAP)$1,014$1,661$3,210$2,810$$$$$8,695
Divestiture - developed market gum business(47)(83)(130)
Adjusted (Non-GAAP) - As Recast$1,014$1,661$3,163$2,727$$$$$8,565
Operating Income
Reported (GAAP)$83$189$311$432$(58)$(75)$(36)$(12)$834
Simplify to Grow Program1121821153
Mark-to-market (gains)/losses from derivatives5858
Acquisition integration costs and contingent consideration adjustments5(3)3840
Inventory step-up55
Acquisition-related costs1212
Divestiture-related costs156
2017 malware incident net recoveries2472(52)(37)
European Commission legal matter318318
Remeasurement of net monetary position12214
Impact from pension participation changes(1)(1)
Adjusted (Non-GAAP)$108$205$653$493$$(121)$(36)$$1,302
Operating income from divestiture - developed market gum business(15)(32)2(45)
Adjusted (Non-GAAP) - As Recast$108$205$638$461$$(121)$(34)$$1,257
Currency(12)31524(4)(2)69
Adjusted @ Constant FX (Non-GAAP) - As Recast$96$236$690$465$$(125)$(36)$$1,326
$ Change - Reported (GAAP)$43$(23)$(303)$(7)n/m$1$(4)n/m$(370)
$ Change - Adjusted (Non-GAAP)42(12)25131n/m(51)(4)n/m131
% Change - Adjusted (Non-GAAP) - As Recast42(12)25122n/m(51)(4)n/m122
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast301977126n/m(55)(6)n/m191
% Change - Reported (GAAP)107.5  %(10.8) %(49.3) %(1.6)%n/m1.3  %(12.5)%n/m(30.7) %
% Change - Adjusted (Non-GAAP)63.6  %(5.5) %4.0 %36.2  %n/m(72.9) %(12.5)%n/m11.2  %
% Change - Adjusted (Non-GAAP) - As Recast63.6 %(5.5) %4.1 %36.0  %n/m72.9  %13.3 %n/m10.7 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast45.5 %8.8  %12.6 %37.2  %n/m78.6  %20.0 %n/m16.8 %
Operating Income Margin
Reported %8.2 %11.4  %9.7 %15.4 %9.6 %
Reported pp change2.6 pp(1.5)pp(10.0)pp(4.6)pp(6.1)pp
Adjusted %10.7 %12.3  %20.3 %17.5 %15.0 %
Adjusted pp change1.2 pp(1.0)pp0.2 pp1.0 pp(0.3)pp
Adjusted % - As Recast10.7 %12.3  %20.2 %16.9 %14.7 %
Adjusted pp change - As Recast1.2 pp(1.0)pp0.3 pp0.9 pp(0.4)pp
For the Three Months Ended December 31, 2021
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$708$1,639$3,121$2,190$$$$$7,658
Divestitures(15)(5)(20)
Adjusted (Non-GAAP)$693$1,634$3,121$2,190$$$$$7,638
Divestiture - developed market gum business(45)(76)(121)
Adjusted (Non-GAAP) - As Recast$693$1,634$3,076$2,114$$$$$7,517
Operating Income
Reported (GAAP)$40$212$614$439$9$(76)$(32)$(2)$1,204
Simplify to Grow Program543(78)4(62)
Mark-to-market (gains)/losses from derivatives(9)(9)
Acquisition integration costs and contingent consideration adjustments1101214
Acquisition-related costs11
Loss on divestitures11
Divestiture-related costs2222
Operating income from divestitures(4)(4)
Remeasurement of net monetary position33
Impact from pension participation changes11
Adjusted (Non-GAAP)$66$217$628$362$$(70)$(32)$$1,171
Operating income from divestiture - developed market gum business(15)(23)2(36)
Adjusted (Non-GAAP) - As Recast$66$217$613$339$$(70)$(30)$$1,135
Operating Income Margin
Reported %5.6 %12.9  %19.7 %20.0 %15.7 %
Adjusted %9.5 %13.3  %20.1 %16.5 %15.3 %
Adjusted % - As Recast9.5 %13.3  %19.9 %16.0 %15.1 %


Exhibit 99.1
Schedule 3.g
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Three Months Ended September 30, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$913$1,704$2,649$2,497$$$$$7,763
Divestitures(1)(1)
Adjusted (Non-GAAP)$912$1,704$2,649$2,497$$$$$7,762
Divestiture - developed market gum business(42)(70)(112)
Adjusted (Non-GAAP) - As Recast$912$1,704$2,607$2,427$$$$$7,650
Operating Income
Reported (GAAP)$112$257$413$465$(186)$(58)$(32)$(292)$679
Simplify to Grow Program(1)18816
Intangible asset impairment charges2323
Mark-to-market (gains)/losses from derivatives186186
Acquisition integration costs and contingent consideration adjustments6113727
Inventory step-up2020
Acquisition-related costs292292
Divestiture-related costs156
Incremental costs due to war in Ukraine(7)(7)
Remeasurement of net monetary position12(1)11
Adjusted (Non-GAAP)$130$282$426$492$$(45)$(32)$$1,253
Operating income from divestiture - developed market gum business(14)(22)2(34)
Adjusted (Non-GAAP) - As Recast$130$282$412$470$$(45)$(30)$$1,219
Currency631553(4)91
Adjusted @ Constant FX (Non-GAAP) - As Recast$136$313$467$470$$(42)$(34)$$1,310
$ Change - Reported (GAAP)$21$(10)$(95)$102n/m$(23)$n/m$(615)
$ Change - Adjusted (Non-GAAP)3915(98)83n/m(16)n/m23
% Change - Adjusted (Non-GAAP) - As Recast3915(103)84n/m(16)n/m19
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast4546(48)84n/m(13)(4)n/m110
% Change - Reported (GAAP)23.1  %(3.7) %(18.7) %28.1 %n/m(65.7) %— %n/m(47.5) %
% Change - Adjusted (Non-GAAP)42.9  %5.6  %(18.7)%20.3  %n/m(55.2) %— %n/m1.9  %
% Change - Adjusted (Non-GAAP) - As Recast42.9 %5.6  %(20.0)%21.8  %n/m55.2  %— %n/m1.6 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast49.5 %17.2  %(9.3)%21.8  %n/m44.8  %13.3 %n/m9.2 %
Operating Income Margin
Reported %12.3 %15.1  %15.6 %18.6 %8.7 %
Reported pp change0.2 pp(1.3)pp(3.1)pp1.2 pp(9.3)pp
Adjusted %14.3 %16.5  %16.1 %19.7 %16.1 %
Adjusted pp change2.0 pp(0.1)pp(3.2)pp0.1 pp(1.1)pp
Adjusted % - As Recast14.3 %16.5  %15.8 %19.4 %15.9 %
Adjusted pp change - As Recast2.0 pp(0.1)pp(3.5)pp0.2 pp(1.2)pp
For the Three Months Ended September 30, 2021
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$751$1,629$2,714$2,088$$$$$7,182
Divestitures(11)(16)(27)
Adjusted (Non-GAAP)$740$1,613$2,714$2,088$$$$$7,155
Divestiture - developed market gum business(47)(73)(120)
Adjusted (Non-GAAP) - As Recast$740$1,613$2,667$2,015$$$$$7,035
Operating Income
Reported (GAAP)$91$267$508$363$132$(35)$(32)$$1,294
Simplify to Grow Program1381087127
Mark-to-market (gains)/losses from derivatives(132)(132)
Acquisition integration costs and contingent consideration adjustments6(62)(1)(57)
Operating income from divestitures(3)(3)(6)
Remeasurement of net monetary position22
Impact from pension participation changes22
Adjusted (Non-GAAP)$91$267$524$409$$(29)$(32)$$1,230
Operating income from divestiture - developed market gum business(9)(23)2(30)
Adjusted (Non-GAAP) - As Recast$91$267$515$386$$(29)$(30)$$1,200
Operating Income Margin
Reported %12.1 %16.4  %18.7 %17.4 %18.0 %
Adjusted %12.3 %16.6  %19.3 %19.6 %17.2 %
Adjusted % - As Recast12.3 %16.6  %19.3 %19.2 %17.1 %





Exhibit 99.1
Schedule 3.h
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Three Months Ended June 30, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$876$1,535$2,626$2,237$$$$$7,274
Divestitures(12)(12)
Adjusted (Non-GAAP)$864$1,535$2,626$2,237$$$$$7,262
Divestiture - developed market gum business(48)(83)(131)
Adjusted (Non-GAAP) - As Recast$864$1,535$2,578$2,154$$$$$7,131
Operating Income
Reported (GAAP)$90$211$380$454$(109)$(62)$(32)$(5)$927
Simplify to Grow Program13813(3)22
Mark-to-market (gains)/losses from derivatives109109
Acquisition integration costs and contingent consideration adjustments36137
Acquisition-related costs55
Divestiture-related costs145
Operating income from divestitures(3)(3)
Incremental costs due to war in Ukraine(15)(15)
Remeasurement of net monetary position1010
Adjusted (Non-GAAP)$99$214$409$468$$(61)$(32)$$1,097
Operating income from divestiture - developed market gum business(13)(27)1(39)
Adjusted (Non-GAAP) - As Recast$99$214$396$441$$(61)$(31)$$1,058
Currency(4)19501(3)63
Adjusted @ Constant FX (Non-GAAP) - As Recast$95$233$446$442$$(64)$(31)$$1,121
$ Change - Reported (GAAP)$36$(2)$(33)$155n/m$16$n/m$55
$ Change - Adjusted (Non-GAAP)45(2)(58)27n/m12n/m24
% Change - Adjusted (Non-GAAP) - As Recast45(2)(62)22n/m12n/m15
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast4117(12)23n/m9n/m78
% Change - Reported (GAAP)66.7  %(0.9) %(8.0) %51.8 %n/m20.5  %— %n/m6.3  %
% Change - Adjusted (Non-GAAP)83.3  %(0.9) %(12.4)%6.1  %n/m16.4  %— %n/m2.2  %
% Change - Adjusted (Non-GAAP) - As Recast83.3 %(0.9) %(13.5)%5.3  %n/m(16.4) %— %n/m1.4 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast75.9 %7.9  %(2.6)%5.5  %n/m(12.3) %— %n/m7.5 %
Operating Income Margin
Reported %10.3 %13.7  %14.5 %20.3 %12.7 %
Reported pp change2.2 pp(1.0)pp(2.2)pp5.7 pp(0.4)pp
Adjusted %11.5 %13.9  %15.6 %20.9 %15.1 %
Adjusted pp change3.3 pp(1.1)pp(3.3)pp(0.6)pp(1.1)pp
Adjusted % - As Recast11.5 %13.9  %15.4 %20.5 %14.8 %
Adjusted pp change - As Recast3.3 pp(1.1)pp(3.5)pp(0.7)pp(1.2)pp
For the Three Months Ended June 30, 2021
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$669$1,452$2,474$2,047$$$$$6,642
Divestitures(9)(14)(23)
Adjusted (Non-GAAP)$660$1,438$2,474$2,047$$$$$6,619
Divestiture - developed market gum business(46)(71)(117)
Adjusted (Non-GAAP) - As Recast$660$1,438$2,428$1,976$$$$$6,502
Operating Income
Reported (GAAP)$54$213$413$299$20$(78)$(32)$(17)$872
Simplify to Grow Program45101094132
Intangible asset impairment charges3232
Mark-to-market (gains)/losses from derivatives(20)(20)
Acquisition integration costs and contingent consideration adjustments112
Acquisition-related costs1717
Operating income from divestitures(2)(2)(4)
Remeasurement of net monetary position33
Impact from pension participation changes4444
Impact from resolution of tax matters(5)(5)
Adjusted (Non-GAAP)$54$216$467$441$$(73)$(32)$$1,073
Operating income from divestiture - developed market gum business(9)(22)1(30)
Adjusted (Non-GAAP) - As Recast$54$216$458$419$$(73)$(31)$$1,043
Operating Income Margin
Reported %8.1 %14.7  %16.7 %14.6 %13.1 %
Adjusted %8.2 %15.0  %18.9 %21.5 %16.2 %
Adjusted % - As Recast8.2 %15.0  %18.9 %21.2 %16.0 %



Exhibit 99.1
Schedule 3.i
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Three Months Ended March 31, 2022
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$826$1,867$2,935$2,136$$$$$7,764
Divestitures(9)(9)
Adjusted (Non-GAAP)$817$1,867$2,935$2,136$$$$$7,755
Divestiture - developed market gum business(41)(62)(103)
Adjusted (Non-GAAP) - As Recast$817$1,867$2,894$2,074$$$$$7,652
Operating Income
Reported (GAAP)$103$272$377$418$27$(50)$(32)$(21)$1,094
Simplify to Grow Program3715631
Intangible asset impairment charges7878
Mark-to-market (gains)/losses from derivatives(27)(27)
Acquisition integration costs and contingent consideration adjustments3232
Acquisition-related costs2121
Divestiture-related costs11
Operating income from divestitures(1)(1)
Incremental costs due to war in Ukraine143143
Remeasurement of net monetary position55
Adjusted (Non-GAAP)$108$353$559$433$$(44)$(32)$$1,377
Operating income from divestiture - developed market gum business(12)(16)2(26)
Adjusted (Non-GAAP) - As Recast$108$353$547$417$$(44)$(30)$$1,351
Currency610771(3)(2)89
Adjusted @ Constant FX (Non-GAAP) - As Recast$114$363$624$418$$(47)$(32)$$1,440
$ Change - Reported (GAAP)$27$(90)$(180)$148n/m$14$6n/m$(189)
$ Change - Adjusted (Non-GAAP)2210(15)51n/m126n/m86
% Change - Adjusted (Non-GAAP) - As Recast2210(20)46n/m126n/m76
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast28205747n/m94n/m165
% Change - Reported (GAAP)35.5  %(24.9) %(32.3) %54.8 %n/m21.9  %15.8 %n/m(14.7) %
% Change - Adjusted (Non-GAAP)25.6  %2.9  %(2.6)%13.4  %n/m21.4  %15.8 %n/m6.7  %
% Change - Adjusted (Non-GAAP) - As Recast25.6 %2.9  %(3.5)%12.4  %n/m(21.4) %(16.7)%n/m6.0 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast32.6 %5.8  %10.1 %12.7  %n/m(16.1) %(11.1)%n/m12.9 %
Operating Income Margin
Reported %12.5 %14.6  %12.8 %19.6 %14.1 %
Reported pp change1.1 pp(6.1)pp(6.8)pp5.9 pp(3.6)pp
Adjusted %13.2 %18.9  %19.0 %20.3 %17.8 %
Adjusted pp change0.2 pp(0.8)pp(1.2)pp1.0 pp(0.1)pp
Adjusted % - As Recast13.2 %18.9  %18.9 %20.1 %17.7 %
Adjusted pp change - As Recast0.2 pp(0.8)pp(1.3)pp0.8 pp(0.2)pp
For the Three Months Ended March 31, 2021
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$669$1,745$2,847$1,977$$$$$7,238
Divestitures(8)(8)
Adjusted (Non-GAAP)$661$1,745$2,847$1,977$$$$$7,230
Divestiture - developed market gum business(41)(56)(97)
Adjusted (Non-GAAP) - As Recast$661$1,745$2,806$1,921$$$$$7,133
Operating Income
Reported (GAAP)$76$362$557$270$118$(64)$(38)$2$1,283
Simplify to Grow Program6(19)161118122
Mark-to-market (gains)/losses from derivatives(118)(118)
Acquisition integration costs and contingent consideration adjustments11
Acquisition-related costs77
Gain on acquisition(9)(9)
Operating income from divestitures(1)(1)
Remeasurement of net monetary position55
Impact from pension participation changes11
Adjusted (Non-GAAP)$86$343$574$382$$(56)$(38)$$1,291
Operating income from divestiture - developed market gum business(7)(11)2(16)
Adjusted (Non-GAAP) - As Recast$86$343$567$371$$(56)$(36)$$1,275
Operating Income Margin
Reported %11.4 %20.7  %19.6 %13.7 %17.7 %
Adjusted %13.0 %19.7  %20.2 %19.3 %17.9 %
Adjusted % - As Recast13.0 %19.7  %20.2 %19.3 %17.9 %



Exhibit 99.1
Schedule 3.j
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Segment Data
(in millions of U.S. dollars) (Unaudited)
For the Twelve Months Ended December 31, 2021
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$2,797$6,465$11,156$8,302$$$$$28,720
Divestitures(43)(35)(78)
Adjusted (Non-GAAP)$2,754$6,430$11,156$8,302$$$$$28,642
Divestiture - developed market gum business(179)(276)(455)
Adjusted (Non-GAAP) - As Recast$2,754$6,430$10,977$8,026$$$$$28,187
Operating Income
Reported (GAAP)$261$1,054$2,092$1,371$279$(253)$(134)$(17)$4,653
Simplify to Grow Program16(7)3725023319
Intangible asset impairment charges3232
Mark-to-market (gains)/losses from derivatives(279)(279)
Acquisition integration costs and contingent consideration adjustments116(59)2(40)
Acquisition-related costs2525
Net gain on acquisition and divestitures(8)(8)
Divestiture-related costs2222
Operating income from divestitures(10)(5)(15)
Remeasurement of net monetary position1313
Impact from pension participation changes4848
Impact from resolution of tax matters(5)(5)
Adjusted (Non-GAAP)$297$1,043$2,193$1,594$$(228)$(134)$$4,765
Operating income from divestiture - developed market gum business(40)(79)7(112)
Adjusted (Non-GAAP) - As Recast$297$1,043$2,153$1,515$$(228)$(127)$$4,653
Currency21(48)(84)(9)(4)5(119)
Adjusted @ Constant FX (Non-GAAP) - As Recast$318$995$2,069$1,506$$(232)$(122)$$4,534
$ Change - Reported (GAAP)$72$233$317$(216)n/m$73$60n/m$800
$ Change - Adjusted (Non-GAAP)70167235(175)n/m960n/m366
% Change - Adjusted (Non-GAAP) - As Recast70167236(194)n/m960n/m348
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast91119152(203)n/m565n/m229
% Change - Reported (GAAP)38.1  %28.4  %17.9  %(13.6)%n/m22.4  %30.9 %n/m20.8  %
% Change - Adjusted (Non-GAAP)30.8  %19.1  %12.0 %(9.9) %n/m3.8  %30.9 %n/m8.3  %
% Change - Adjusted (Non-GAAP) - As Recast30.8 %19.1  %12.3 %(11.4) %n/m3.8  %32.1 %n/m8.1 %
% Change - Adjusted @ Constant FX (Non-GAAP) - As Recast40.1 %13.6  %7.9 %(11.9) %n/m2.1  %34.8 %n/m5.3 %
Operating Income Margin
Reported %9.3 %16.3  %18.8 %16.5 %16.2 %
Reported pp change1.7 pp2.0 pp1.4 pp(3.0)pp1.7 pp
Adjusted %10.8 %16.2  %19.7 %19.2 %16.6 %
Adjusted pp change1.5 pp0.9 pp0.5 pp(2.5)pp- pp
Adjusted % - As Recast10.8 %16.2  %19.6 %18.9 %16.5 %
Adjusted pp change - As Recast1.5 pp0.9 pp0.5 pp(2.8)pp- pp
For the Twelve Months Ended December 31, 2020
Latin AmericaAMEAEuropeNorth AmericaUnrealized G/(L) on Hedging ActivitiesGeneral Corporate ExpensesAmortization of IntangiblesOther ItemsMondelēz International
Net Revenue
Reported (GAAP)$2,477$5,740$10,207$8,157$$$$$26,581
Divestitures(32)(32)
Adjusted (Non-GAAP)$2,445$5,740$10,207$8,157$$$$$26,549
Divestiture - developed market gum business(180)(270)(450)
Adjusted (Non-GAAP) - As Recast$2,445$5,740$10,027$7,887$$$$$26,099
Operating Income
Reported (GAAP)$189$821$1,775$1,587$16$(326)$(194)$(15)$3,853
Simplify to Grow Program48461309541360
Intangible asset impairment charges355383144
Mark-to-market (gains)/losses from derivatives(16)(16)
Acquisition integration costs44
Acquisition-related costs1515
Divestiture-related costs44
Operating income from divestitures(2)(2)
Costs associated with JDE Peet’s transaction4848
Remeasurement of net monetary position99
Impact from resolution of tax matters(20)(20)
Adjusted (Non-GAAP)$227$876$1,958$1,769$$(237)$(194)$$4,399
Operating income from divestiture - developed market gum business(41)(60)7(94)
Adjusted (Non-GAAP) - As Recast$227$876$1,917$1,709$$(237)$(187)$$4,305
Operating Income Margin
Reported %7.6 %14.3  %17.4 %19.5 %14.5 %
Adjusted %9.3 %15.3  %19.2 %21.7 %16.6 %
Adjusted % - As Recast9.3 %15.3  %19.1 %21.7 %16.5 %





Exhibit 99.1
Schedule 4.a
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)
For the Nine Months Ended September 30, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxes
Income taxes (1)
Effective tax rateGain on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$4,309 $(60)$258 $(606)$4,717 $1,280 27.1 %$(465)$(116)$9 $4,009 $2.92 
Simplify to Grow Program61 — — — 61 — — — 52 0.04 
Intangible asset impairment charges26 — — — 26 — — — 20 0.02 
Mark-to-market (gains)/losses from derivatives(239)— (6)— (233)(38)— — (198)(0.14)
Acquisition integration costs and contingent consideration adjustments143 — — — 143 39 — — — 104 0.08 
Divestiture-related costs66 — — — 66 22 — — — 44 0.03 
Net earnings from divestitures— — — — — (4)— 28 — (24)(0.02)
Incremental costs due to war in Ukraine(2)— — — (2)— — — — (2)— 
Remeasurement of net monetary position60 — — — 60 — — — — 60 0.04 
Impact from pension participation changes— — (8)— — — — — 
Loss on debt extinguishment and related expenses— — (1)— — — — — — 
Initial impacts from enacted tax law changes— — — — — (15)— — — 15 0.01 
Gain on marketable securities— — — 593 (593)(135)— — — (458)(0.33)
Gain on equity method investment transactions— — — — — (124)462 — — (338)(0.25)
Equity method investee items— — — — — — — (82)— 82 0.06 
Adjusted (Non-GAAP)$4,424 $(60)$243 $(13)$4,254 $1,042 24.5 %$ $(170)$9 $3,373 2.46
Net earnings from divestiture - developed market gum business(193)— — — (193)(41)— — — (152)(0.11)
Net earnings from divestiture - JDEP— — — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$4,231 $(60)$243 $(13)$4,061 $1,001 24.6 %$ $(170)$9 $3,221 $2.35 
Currency174 0.12 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,395 $2.47 
Diluted Average Shares Outstanding1,372 
For the Nine Months Ended September 30, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$2,700 $(93)$337 $ $2,456 $595 24.2 %$19 $(300)$8 $2,134 $1.54 
Simplify to Grow Program69 (1)— — 70 16 — — — 54 0.04 
Intangible asset impairment charges101 — — — 101 25 — — — 76 0.05 
Mark-to-market (gains)/losses from derivatives268 — 51 — 217 41 (3)— — 179 0.13 
Acquisition integration costs and contingent consideration adjustments96 — (4)— 100 57 — — — 43 0.03 
Inventory step-up20 — — — 20 — — — 15 0.01 
Acquisition-related costs318 — — — 318 — — — 315 0.23 
Divestiture-related costs12 — — — 12 — — — 0.01 
Net earnings from divestitures(4)— — — (4)(19)— 116 — (101)(0.07)
Incremental costs due to war in Ukraine121 — — — 121 (4)— — — 125 0.09 
Remeasurement of net monetary position26 — — — 26 — — — — 26 0.02 
Impact from pension participation changes— — (8)— — — — — 
Loss on debt extinguishment and related expenses— — (129)— 129 31 — — — 98 0.07 
Initial impacts from enacted tax law changes— — — — — (22)— — — 22 0.01 
Loss on equity method investment transactions— — — — — (1)(16)— — 17 0.01 
Equity method investee items— — — — — — — — (7)— 
Adjusted (Non-GAAP)$3,727 $(94)$247 $ $3,574 $732 20.5 %$ $(177)$8 $3,011 2.17
Net earnings from divestiture - developed market gum business(99)— — — (99)(19)— — — (80)(0.06)
Net earnings from divestiture - JDEP— — — — — — — — (1)— 
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$3,628 $(94)$247 $ $3,475 $713 20.5 %$ $(176)$8 $2,930 $2.11 
Diluted Average Shares Outstanding1,389 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.






Exhibit 99.1
Schedule 4.b
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Three Months Ended September 30, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxes
Income taxes (1)
Effective tax rateGain on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,379 $(19)$66 $1 $1,331 $354 26.6 %$(1)$(10)$4 $984 $0.72 
Simplify to Grow Program20 — — — 20 — — — 18 0.01 
Intangible asset impairment charges26 — — — 26 — — — 20 0.02 
Mark-to-market (gains)/losses from derivatives(19)— — — (19)(9)— — (11)(0.01)
Acquisition integration costs and contingent consideration adjustments68 — — — 68 17 — — — 51 0.04 
Divestiture-related costs14 — — — 14 14 — — — — — 
Incremental costs due to war in Ukraine— — — — — — — — 
Remeasurement of net monetary position22 — — — 22 — — — — 22 0.02 
Impact from pension participation changes— — (3)— — — — — 
Initial impacts from enacted tax law changes— — — — — (13)— — — 13 0.01 
Gain on marketable securities— — — — — 21 — — — (21)(0.02)
Equity method investee items— — — — — — — (38)— 38 0.03 
Adjusted (Non-GAAP)$1,511 $(19)$63 $1 $1,466 $393 26.8 %$ $(48)$4 $1,117 0.82
Net earnings from divestiture - developed market gum business(73)— — — (73)(17)— — — (56)(0.05)
Net earnings from divestiture - JDEP— — — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,438 $(19)$63 $1 $1,393 $376 27.0 %$ $(48)$4 $1,061 $0.77 
Currency41 0.03 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,102 $0.80 
Diluted Average Shares Outstanding1,370 
For the Three Months Ended September 30, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$679 $(30)$71 $ $638 $184 28.8 %$6 $(85)$1 $532 $0.39 
Simplify to Grow Program16 — — — 16 — — — 13 0.01 
Intangible asset impairment charges23 — — 23 — — — 17 0.01 
Mark-to-market (gains)/losses from derivatives186 — 69 — 117 22 (3)— — 98 0.07 
Acquisition integration costs and contingent consideration adjustments27 — (1)— 28 — — — 22 0.02 
Inventory step-up20 — — 20 — — — 15 0.01 
Acquisition-related costs292 — — — 292 — — — — 292 0.21 
Divestiture-related costs— — — — — — — 
Net earnings from divestitures— — — — — (2)— 18 — (16)(0.01)
Incremental costs due to war in Ukraine(7)— — — (7)(2)— — — (5)— 
Remeasurement of net monetary position11 — — — 11 — — — — 11 0.01 
Impact from pension participation changes— — (3)— — — — — 
Initial impacts from enacted tax law changes— — — — — (13)— — — 13 0.01 
Loss on equity method investment transactions— — — — — (1)(3)— — — 
Equity method investee items— — — — — — — 13 — (13)(0.01)
Adjusted (Non-GAAP)$1,253 $(30)$136 $ $1,147 $211 18.4 %$ $(54)$1 $989 0.72
Net earnings from divestiture - developed market gum business(34)— — — (34)(5)— — — (29)(0.02)
Net earnings from divestiture - JDEP— — — — — — — — (1)— 
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,219 $(30)$136 $ $1,113 $206 18.5 %$ $(53)$1 $959 $0.70 
Diluted Average Shares Outstanding1,379 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.













Exhibit 99.1
Schedule 4.c
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Three Months Ended June 30, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,425 $(22)$97 $189 $1,161 $268 23.1 %$23 $(71)$(3)$944 $0.69 
Simplify to Grow Program— — — — — — 0.01 
Mark-to-market (gains)/losses from derivatives(171)— (3)— (168)(21)— — — (147)(0.11)
Acquisition integration costs and contingent consideration adjustments24 — — — 24 — — — 15 0.01 
Divestiture-related costs22 — — — 22 — — — 18 0.01 
Net earnings from divestitures— — — — — — — — (5)(0.01)
Remeasurement of net monetary position26 — — — 26 — — — — 26 0.02 
Impact from pension participation changes— — (2)— — — — — — 
Loss on debt extinguishment and related expenses— — (1)— — — — — — 
Initial impacts from enacted tax law changes— — — — — (2)— — — — 
Loss on marketable securities— — — (194)194 45 — — — 149 0.11 
Loss on equity method investment transactions— — — — — (23)— — 22 0.02 
Adjusted (Non-GAAP)$1,332 $(22)$91 $(5)$1,268 $305 24.1 %$ $(66)$(3)$1,032 0.75
Net earnings from divestiture - developed market gum business(63)— — — (63)(12)— — — (51)(0.03)
Net earnings from divestiture - JDEP— — — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,269 $(22)$91 $(5)$1,205 $293 24.3 %$ $(66)$(3)$981 $0.72 
Currency54 0.03 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,035 $0.75 
Diluted Average Shares Outstanding1,372 
For the Three Months Ended June 30, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$927 $(30)$98 $ $859 $201 23.4 %$8 $(98)$1 $747 $0.54 
Simplify to Grow Program22 (1)— — 23 — — — 17 0.01 
Mark-to-market (gains)/losses from derivatives109 — (19)— 128 14 — — — 114 0.08 
Acquisition integration costs and contingent consideration adjustments37 — — — 37 — — — 36 0.03 
Acquisition-related costs— — — — — — — 
Divestiture-related costs— — — — — — — 
Net earnings from divestitures(3)— — — (3)(7)— 41 — (37)(0.03)
Incremental costs due to war in Ukraine(15)— — — (15)— — — — (15)(0.01)
Remeasurement of net monetary position10 — — — 10 — — — — 10 0.01 
Impact from pension participation changes— — (2)— — — — — — 
Initial impacts from enacted tax law changes— — — — — (9)— — — 0.01 
Loss on equity method investment transactions— — — — — — (8)— — 0.01 
Equity method investee items— — — — — — — — (3)— 
Rounding— — — — — — — — — — (0.01)
Adjusted (Non-GAAP)$1,097 $(31)$77 $ $1,051 $209 19.9 %$ $(54)$1 $895 0.64
Net earnings from divestiture - developed market gum business(39)— — — (39)(8)— — — (31)(0.02)
Net earnings from divestiture - JDEP— — — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,058 $(31)$77 $ $1,012 $201 19.9 %$ $(54)$1 $864 $0.62 
Diluted Average Shares Outstanding1,389 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.












Exhibit 99.1
Schedule 4.d
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Three Months Ended March 31, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxes
Income taxes (1)
Effective tax rateGain on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,505 $(19)$95 $(796)$2,225 $658 29.6 %$(487)$(35)$8 $2,081 $1.52 
Simplify to Grow Program35 — — — 35 — — — 29 0.02 
Mark-to-market (gains)/losses from derivatives(49)— (3)— (46)(8)— — (40)(0.03)
Acquisition integration costs and contingent consideration adjustments51 — — — 51 13 — — — 38 0.03 
Divestiture-related costs30 — — — 30 — — — 26 0.02 
Net earnings from divestitures— — — — — (4)— 23 — (19)(0.02)
Incremental costs due to war in Ukraine(3)— — — (3)— — — — (3)— 
Remeasurement of net monetary position12 — — — 12 — — — — 12 0.01 
Impact from pension participation changes— — (3)— — — — — 
Gain on marketable securities— — — 787 (787)(201)— — — (586)(0.43)
Gain on equity method investment transactions— — — — — (125)485 — — (360)(0.26)
Equity method investee items— — — — — — — (44)— 44 0.03 
Adjusted (Non-GAAP)$1,581 $(19)$89 $(9)$1,520 $344 22.6 %$ $(56)$8 $1,224 0.89
Net earnings from divestiture - developed market gum business(57)— — — (57)(12)— — — (45)(0.03)
Net earnings from divestiture - JDEP— — — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,524 $(19)$89 $(9)$1,463 $332 22.7 %$ $(56)$8 $1,179 $0.86 
Currency79 0.06 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,258 $0.92 
Diluted Average Shares Outstanding1,373 
For the Three Months Ended March 31, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,094 $(33)$168 $ $959 $210 21.9 %$5 $(117)$6 $855 $0.61 
Simplify to Grow Program31 — — — 31 — — — 24 0.02 
Intangible asset impairment charges78 — — — 78 19 — — — 59 0.04 
Mark-to-market (gains)/losses from derivatives(27)— — (28)— — — (33)(0.02)
Acquisition integration costs and contingent consideration adjustments32 — (3)— 35 50 — — — (15)(0.01)
Acquisition-related costs21 — — — 21 — — — 20 0.02 
Divestiture-related costs— — — — — — — — 
Net earnings from divestitures(1)— — — (1)(10)— 57 — (48)(0.03)
Incremental costs due to war in Ukraine143 — — — 143 (2)— — — 145 0.11 
Remeasurement of net monetary position— — — — — — — — 
Impact from pension participation changes— — (3)— — — — — 
Loss on debt extinguishment and related expenses— — (129)— 129 31 — — — 98 0.07 
Loss on equity method investment transactions— — — — — — (5)— — — 
Equity method investee items— — — — — — — (9)— — 
Adjusted (Non-GAAP)$1,377 $(33)$34 $ $1,376 $312 22.7 %$ $(69)$6 $1,127 0.81
Net earnings from divestiture - developed market gum business(26)— — — (26)(6)— — — (20)(0.02)
Net earnings from divestiture - JDEP— — — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,351 $(33)$34 $ $1,350 $306 22.7 %$ $(69)$6 $1,107 $0.79 
Diluted Average Shares Outstanding1,398 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.












Exhibit 99.1
Schedule 4.e
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Twelve Months Ended December 31, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$3,534 $(117)$423 $3,228 $865 26.8 %$22 $(385)$9 $2,717 $1.96 
Simplify to Grow Program122 (1)— 123 26 — — — 97 0.07 
Intangible asset impairment charges101 — — 101 25 — — — 76 0.05 
Mark-to-market (gains)/losses from derivatives326 — 318 56 — — — 262 0.19 
Acquisition integration costs and contingent consideration adjustments136 (8)(4)148 72 — — — 76 0.05 
Inventory step-up25 — — 25 — — — 18 0.01 
Acquisition-related costs330 — 76 254 (11)— — — 265 0.19 
Divestiture-related costs18 — — 18 — — — 0.01 
Net earnings from divestitures(4)— — (4)(20)— 132 — (116)(0.08)
2017 malware incident net recoveries(37)— — (37)(10)— — — (27)(0.02)
European Commission legal matter318 — — 318 — — — — 318 0.23 
Incremental costs due to war in Ukraine121 — — 121 (4)— — — 125 0.09 
Remeasurement of net monetary position40 — — 40 — — — — 40 0.03 
Impact from pension participation changes(1)— (11)10 — — — 0.01 
Loss on debt extinguishment and related expenses— — (129)129 31 — — — 98 0.07 
Initial impacts from enacted tax law changes— — — — (17)— — — 17 0.01 
Loss on equity method investment transactions— — — — (2)(22)— — 24 0.02 
Equity method investee items— — — — — — 25 — (25)(0.02)
Adjusted (Non-GAAP)$5,029 $(126)$363 $4,792 $1,030 21.5 %$ $(228)$9 $3,981 2.87
Net earnings from divestiture - developed market gum business(144)— — (144)(30)— — — (114)(0.08)
Net earnings from divestiture - JDEP— — — — — — — (1)— 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$4,885 $(126)$363 $4,648 $1,000 21.5 %$ $(227)$9 $3,866 $2.79 
Currency318 0.23 
Adjusted @ Constant FX (Non-GAAP) - As Recast$4,184 $3.02 
Diluted Average Shares Outstanding1,385 
For the Twelve Months Ended December 31, 2021
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateGain on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$4,653 $(163)$447 $4,369 $1,190 27.2 %$(742)$(393)$14 $4,300 $3.04 
Simplify to Grow Program319 (2)— 321 83 — — — 238 0.17 
Intangible asset impairment charges32 — — 32 — — — 24 0.02 
Mark-to-market (gains)/losses from derivatives(279)— (4)(275)(44)— — (233)(0.17)
Acquisition integration costs and contingent consideration adjustments(40)— — (40)(12)— — — (28)(0.02)
Acquisition-related costs25 — — 25 — — — 21 0.01 
Net gain on acquisition and divestitures(8)— — (8)(3)— — — (5)— 
Divestiture-related costs22 — — 22 — — — 14 0.01 
Net earnings from divestitures(15)— — (15)(29)— 164 — (150)(0.10)
Remeasurement of net monetary position13 — — 13 — — — — 13 0.01 
Impact from pension participation changes48 17 (11)42 — — — 34 0.02 
Loss on debt extinguishment and related expenses— — (137)137 34 — — — 103 0.07 
Impact from resolution of tax matters(5)— (7)(1)— — — (6)— 
Initial impacts from enacted tax law changes— — — — (100)— — — 100 0.07 
Gain on equity method investment transactions— — — — (184)740 — — (556)(0.39)
Equity method investee items— — — — — — (41)— 41 0.03 
Adjusted (Non-GAAP)$4,765 $(148)$297 $4,616 96220.8 %$ $(270)$14 $3,910 2.77
Net earnings from divestiture - developed market gum business(112)— — (112)(24)— — — (88)(0.07)
Net earnings from divestiture - JDEP— — — — — — — (1)— 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$4,653 $(148)$297 $4,504 93820.8 %$ $(269)$14 $3,821 $2.70 
Diluted Average Shares Outstanding1,413 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.









Exhibit 99.1
Schedule 4.f
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Three Months Ended December 31, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$834 $(24)$86 $772 $270 35.0 %$3 $(85)$1 $583 $0.42 
Simplify to Grow Program53 — — 53 10 — — — 43 0.03 
Mark-to-market (gains)/losses from derivatives58 — (43)101 15 — — 83 0.06 
Acquisition integration costs and contingent consideration adjustments40 (8)— 48 15 — — — 33 0.03 
Inventory step-up— — — — — — 
Acquisition-related costs12 — 76 (64)(14)— — — (50)(0.04)
Divestiture-related costs— — — — — — — 
Net earnings from divestitures— — — — (1)— 16 — (15)(0.01)
2017 malware incident net recoveries(37)— — (37)(10)— — — (27)(0.02)
European Commission legal matter318 — — 318 — — — — 318 0.23 
Remeasurement of net monetary position14 — — 14 — — — — 14 0.01 
Impact from pension participation changes(1)— (3)— — — — 
Initial impacts from enacted tax law changes— — — — — — — (5)— 
Loss on equity method investment transactions— — — — (1)(6)— — 0.01 
Equity method investee items— — — — — — 18 — (18)(0.01)
Adjusted (Non-GAAP)$1,302 $(32)$116 $1,218 $298 24.5 %$ $(51)$1 $970 0.71
Net earnings from divestiture - developed market gum business(45)— — (45)(11)— — — (34)(0.03)
Net earnings from divestiture - JDEP— — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,257 $(32)$116 $1,173 $287 24.5 %$ $(51)$1 $936 $0.68 
Currency69 0.05 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,005 $0.73 
Diluted Average Shares Outstanding1,375 
For the Three Months Ended December 31, 2021
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,204 $(28)$89 $1,143 $238 20.8 %$3 $(103)$2 $1,003 $0.71 
Simplify to Grow Program(62)(1)— (61)(15)— — — (46)(0.03)
Mark-to-market (gains)/losses from derivatives(9)— — (9)(2)— — — (7)— 
Acquisition integration costs and contingent consideration adjustments14 — — 14 — — — 12 0.01 
Acquisition-related costs— — — — — — — 
Net gain on acquisition and divestitures— — (1)— — — — 
Divestiture-related costs22 — — 22 — — — 14 0.01 
Net earnings from divestitures(4)— — (4)(6)— 41 — (39)(0.03)
Remeasurement of net monetary position— — — — — — — 
Impact from pension participation changes— (3)— — — — — 
Initial impacts from enacted tax law changes— — — — (5)— — — — 
Loss on equity method investment transactions— — — — — (3)— — — 
Equity method investee items— — — — — — (6)— 0.01 
Adjusted (Non-GAAP)$1,171 $(29)$86 $1,114 $219 19.7 %$ $(68)$2 $961 0.68
Net earnings from divestiture - developed market gum business(36)— — (36)(7)— — — (29)(0.02)
Net earnings from divestiture - JDEP— — — — — — — (1)— 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,135 $(29)$86 $1,078 $212 19.7 %$ $(67)$2 $931 $0.66 
Diluted Average Shares Outstanding1,405 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.














Exhibit 99.1
                                                            Schedule 4.g
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Three Months Ended September 30, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$679 $(30)$71 $638 $184 28.8 %$6 $(85)$1 $532 $0.39 
Simplify to Grow Program16 — — 16 — — — 13 0.01 
Intangible asset impairment charges23 — — 23 — — — 17 0.01 
Mark-to-market (gains)/losses from derivatives186 — 69 117 22 (3)— — 98 0.07 
Acquisition integration costs and contingent consideration adjustments27 — (1)28 — — — 22 0.02 
Inventory step-up20 — — 20 — — — 15 0.01 
Acquisition-related costs292 — — 292 — — — — 292 0.21 
Divestiture-related costs— — — — — — 
Net earnings from divestitures— — — — (2)— 18 — (16)(0.01)
Incremental costs due to war in Ukraine(7)— — (7)(2)— — — (5)— 
Remeasurement of net monetary position11 — — 11 — — — — 11 0.01 
Impact from pension participation changes— — (3)— — — — 
Initial impacts from enacted tax law changes— — — — (13)— — — 13 0.01 
Loss on equity method investment transactions— — — — (1)(3)— — — 
Equity method investee items— — — — — — 13 — (13)(0.01)
Adjusted (Non-GAAP)$1,253 $(30)$136 $1,147 $211 18.4 %$ $(54)$1 $989 0.72
Net earnings from divestiture - developed market gum business(34)— — (34)(5)— — — (29)(0.02)
Net earnings from divestiture - JDEP— — — — — — — (1)— 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,219 $(30)$136 $1,113 $206 18.5 %$ $(53)$1 $959 $0.70 
Currency96 0.07 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,055 $0.77 
Diluted Average Shares Outstanding1,379 
For the Three Months Ended September 30, 2021
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateGain on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,294 $(37)$82 $1,249 $342 27.4 %$(250)$(105)$4 $1,258 $0.89 
Simplify to Grow Program127 — — 127 32 — — — 95 0.06 
Mark-to-market (gains)/losses from derivatives(132)— — (132)(24)— — (110)(0.08)
Acquisition integration costs and contingent consideration adjustments(57)— — (57)(15)— — — (42)(0.03)
Net earnings from divestitures(6)— — (6)(8)— 42 — (40)(0.02)
Remeasurement of net monetary position— — — — — — — 
Impact from pension participation changes(2)— — — — — 
Initial impacts from enacted tax law changes— — — — — — — (4)— 
Gain on equity method investment transactions— — — — (59)248 — — (189)(0.13)
Equity method investee items— — — — — — — (6)— 
Adjusted (Non-GAAP)$1,230 $(34)$80 $1,184 $272 23.0 %$ $(57)$4 $965 0.69
Net earnings from divestiture - developed market gum business(30)— — (30)(7)— — — (23)(0.02)
Net earnings from divestiture - JDEP— — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,200 $(34)$80 $1,154 $265 23.0 %$ $(57)$4 $942 $0.67 
Diluted Average Shares Outstanding1,408 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

















Exhibit 99.1
                                                             Schedule 4.h
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Three Months Ended June 30, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$927 $(30)$98 $859 $201 23.4 %$8 $(98)$1 $747 $0.54 
Simplify to Grow Program22 (1)— 23 — — — 17 0.01 
Mark-to-market (gains)/losses from derivatives109 — (19)128 14 — — — 114 0.08 
Acquisition integration costs and contingent consideration adjustments37 — — 37 — — — 36 0.03 
Acquisition-related costs— — — — — — 
Divestiture-related costs— — — — — — 
Net earnings from divestitures(3)— — (3)(7)— 41 — (37)(0.03)
Incremental costs due to war in Ukraine(15)— — (15)— — — — (15)(0.01)
Remeasurement of net monetary position10 — — 10 — — — — 10 0.01 
Impact from pension participation changes— — (2)— — — — — 
Initial impacts from enacted tax law changes— — — — (9)— — — 0.01 
Loss on equity method investment transactions— — — — — (8)— — 0.01 
Equity method investee items— — — — — — — (3)— 
Rounding— — — — — — — — — (0.01)
Adjusted (Non-GAAP)$1,097 $(31)$77 $1,051 $209 19.9 %$ $(54)$1 $895 0.64
Net earnings from divestiture - developed market gum business(39)— — (39)(8)— — — (31)(0.02)
Net earnings from divestiture - JDEP— — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,058 $(31)$77 $1,012 $201 19.9 %$ $(54)$1 $864 $0.62 
Currency70 0.05 
Adjusted @ Constant FX (Non-GAAP) - As Recast$934 $0.67 
Diluted Average Shares Outstanding1,389 
For the Three Months Ended June 30, 2021
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateGain on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$872 $(54)$58 $868 $398 45.9 %$(502)$(107)$1 $1,078 $0.76 
Simplify to Grow Program132 (1)— 133 35 — — — 98 0.07 
Intangible asset impairment charges32 — — 32 — — — 24 0.02 
Mark-to-market (gains)/losses from derivatives(20)— (3)(17)— — — (21)(0.02)
Acquisition integration costs and contingent consideration adjustments— — — — — — 
Acquisition-related costs17 — — 17 — — — 14 0.01 
Net earnings from divestitures(4)— — (4)(8)— 40 — (36)(0.03)
Remeasurement of net monetary position— — — — — — — 
Impact from pension participation changes44 14 (3)33 — — — 26 0.02 
Impact from resolution of tax matters(5)— (7)(1)— — — (6)— 
Initial impacts from enacted tax law changes— — — — (95)— — — 95 0.07 
Gain on equity method investment transactions— — — — (125)502 — — (377)(0.27)
Adjusted (Non-GAAP)$1,073 $(41)$54 $1,060 $227 21.4 %$ $(67)$1 $899 0.63
Net earnings from divestiture - developed market gum business(30)— — (30)(7)— — — (23)(0.01)
Net earnings from divestiture - JDEP— — — — — — — — — — 
Change in equity method investee items— — — — — — (1)— — 
Adjusted (Non-GAAP) - As Recast$1,043 $(41)$54 $1,030 $220 21.4 %$ $(68)$1 $877 $0.62 
Diluted Average Shares Outstanding1,416 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.
















Exhibit 99.1


Schedule 4.i
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Three Months Ended March 31, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,094 $(33)$168 $959 $210 21.9 %$5 $(117)$6 $855 $0.61 
Simplify to Grow Program31 — — 31 — — — 24 0.02 
Intangible asset impairment charges78 — — 78 19 — — — 59 0.04 
Mark-to-market (gains)/losses from derivatives(27)— (28)— — — (33)(0.02)
Acquisition integration costs and contingent consideration adjustments32 — (3)35 50 — — — (15)(0.01)
Acquisition-related costs21 — — 21 — — — 20 0.02 
Divestiture-related costs— — — — — — — 
Net earnings from divestitures(1)— — (1)(10)— 57 — (48)(0.03)
Incremental costs due to war in Ukraine143 — — 143 (2)— — — 145 0.11 
Remeasurement of net monetary position— — — — — — — 
Impact from pension participation changes— — (3)— — — — 
Loss on debt extinguishment and related expenses— — (129)129 31 — — — 98 0.07 
Loss on equity method investment transactions— — — — — (5)— — — 
Equity method investee items— — — — — — (9)— — 
Adjusted (Non-GAAP)$1,377 $(33)$34 $1,376 $312 22.7 %$ $(69)$6 $1,127 0.81
Net earnings from divestiture - developed market gum business(26)— — (26)(6)— — — (20)(0.02)
Net earnings from divestiture - JDEP— — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,351 $(33)$34 $1,350 $306 22.7 %$ $(69)$6 $1,107 $0.79 
Currency83 0.06 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,190 $0.85 
Diluted Average Shares Outstanding1,398 
For the Three Months Ended March 31, 2021
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateLoss on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,283 $(44)$218 $1,109 $212 19.1 %$7 $(78)$7 $961 $0.68 
Simplify to Grow Program122 — — 122 31 — — — 91 0.07 
Mark-to-market (gains)/losses from derivatives(118)— (1)(117)(22)— — — (95)(0.07)
Acquisition integration costs and contingent consideration adjustments— — — — — — — 
Acquisition-related costs— — — — — 0.01 
Net gain on acquisition and divestitures(9)— — (9)(2)— — — (7)— 
Net earnings from divestitures(1)— — (1)(7)— 41 — (35)(0.03)
Remeasurement of net monetary position— — — — — — — 
Impact from pension participation changes— (3)— — — — 
Loss on debt extinguishment and related expenses— — (137)137 34 — — — 103 0.07 
Initial impacts from enacted tax law changes— — — — (4)— — — — 
Loss on equity method investment transactions— — — — — (7)— — — 
Equity method investee items— — — — — — (41)— 41 0.03 
Adjusted (Non-GAAP)$1,291 $(44)$77 $1,258 $244 19.4 %$ $(78)$7 $1,085 0.76
Net earnings from divestiture - developed market gum business(16)— — (16)(3)— — — (13)(0.01)
Net earnings from divestiture - JDEP— — — — — — — — — — 
Change in equity method investee items— — — — — — — (1)— 
Adjusted (Non-GAAP) - As Recast$1,275 $(44)$77 $1,242 $241 19.4 %$ $(77)$7 $1,071 $0.75 
Diluted Average Shares Outstanding1,422 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.













Exhibit 99.1
                                                             Schedule 4.j
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Net Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Twelve Months Ended December 31, 2021
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateGain on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$4,653 $(163)$447 $4,369 $1,190 27.2 %$(742)$(393)$14 $4,300 $3.04 
Simplify to Grow Program319 (2)— 321 83 — — — 238 0.17 
Intangible asset impairment charges32 — — 32 — — — 24 0.02 
Mark-to-market (gains)/losses from derivatives(279)— (4)(275)(44)— — (233)(0.17)
Acquisition integration costs and contingent consideration adjustments(40)— — (40)(12)— — — (28)(0.02)
Acquisition-related costs25 — — 25 — — — 21 0.01 
Net gain on acquisition and divestitures(8)— — (8)(3)— — — (5)— 
Divestiture-related costs22 — — 22 — — — 14 0.01 
Net earnings from divestitures(15)— — (15)(29)— 164 — (150)(0.10)
Remeasurement of net monetary position13 — — 13 — — — — 13 0.01 
Impact from pension participation changes48 17 (11)42 — — — 34 0.02 
Loss on debt extinguishment and related expenses— — (137)137 34 — — — 103 0.07 
Impact from resolution of tax matters(5)— (7)(1)— — — (6)— 
Initial impacts from enacted tax law changes— — — — (100)— — — 100 0.07 
Gain on equity method investment transactions— — — — (184)740 — — (556)(0.39)
Equity method investee items— — — — — — (41)— 41 0.03 
Adjusted (Non-GAAP)$4,765 $(148)$297 $4,616 $962 20.8 %$ $(270)$14 $3,910 2.77
Net earnings from divestiture - developed market gum business(112)— — (112)(24)— — — (88)(0.07)
Net earnings from divestiture - JDEP— — — — — — — (1)— 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$4,653 $(148)$297 $4,504 $938 20.8 %$ $(269)$14 $3,821 $2.70 
Currency(117)(0.08)
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,704 $2.62 
Diluted Average Shares Outstanding1,413 
For the Twelve Months Ended December 31, 2020
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxes
Income taxes (1)
Effective tax rateGain on equity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$3,853 $(138)$608 $3,383 $1,224 36.2 %$(989)$(421)$14 $3,555 $2.47 
Simplify to Grow Program360 (3)— 363 81 — — — 282 0.20 
Intangible asset impairment charges144 — — 144 33 — — — 111 0.08 
Mark-to-market (gains)/losses from derivatives(16)— (19)(8)— — — (11)(0.01)
Acquisition integration costs— — — — — — 
Acquisition-related costs15 — — 15 — — — — 15 0.01 
Divestiture-related costs— — — — — — — 
Net earnings from divestitures(2)— — (2)(31)— 220 — (191)(0.13)
Costs associated with JDE Peet’s transaction48 — — 48 (250)— — — 298 0.20 
Remeasurement of net monetary position— — — — — — 0.01 
Impact from pension participation changes— — (11)11 — — — 0.01 
Loss related to interest rate swaps— — (103)103 24 — — — 79 0.05 
Loss on debt extinguishment and related expenses— — (185)185 46 — — — 139 0.10 
Impact from resolution of tax matters(20)— 28 (48)(16)— — — (32)(0.02)
Initial impacts from enacted tax law changes— — — — (36)— — — 36 0.02 
Gain on equity method investment transactions— — — — (202)989 — — (787)(0.55)
Equity method investee items— — — — — — (48)— 48 0.03 
Adjusted (Non-GAAP)$4,399 $(141)$340 $4,200 $869 20.7 %$ $(249)$14 $3,566 2.47
Net earnings from divestiture - developed market gum business(94)— — (94)(20)— — — (74)(0.05)
Net earnings from divestiture - JDEP— — — — — — — — — — 
Change in equity method investee items— — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$4,305 $(141)$340 $4,106 $849 20.7 %$ $(249)$14 $3,492 $2.42 
Diluted Average Shares Outstanding1,441 
(1) Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.










Exhibit 99.1
                                                
Schedule 5.a
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Nine Months Ended September 30,
20232022$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$2.92 $1.54 $1.38 89.6  %
Simplify to Grow Program0.04 0.04 — 
Intangible asset impairment charges0.02 0.05 (0.03)
Mark-to-market (gains)/losses from derivatives(0.14)0.13 (0.27)
Acquisition integration costs and contingent consideration adjustments0.08 0.03 0.05 
Inventory step-up— 0.01 (0.01)
Acquisition-related costs— 0.23 (0.23)
Divestiture-related costs0.03 0.01 0.02 
Net earnings from divestitures(0.02)(0.07)0.05 
Incremental costs due to war in Ukraine— 0.09 (0.09)
Remeasurement of net monetary position0.04 0.02 0.02 
Loss on debt extinguishment and related expenses— 0.07 (0.07)
Initial impacts from enacted tax law changes0.01 0.01 — 
Gain on marketable securities(0.33)— (0.33)
(Gain)/loss on equity method investment transactions(0.25)0.01 (0.26)
Equity method investee items0.06 — 0.06 
Adjusted EPS (Non-GAAP)$2.46 $2.17 $0.29 13.4  %
Net earnings from divestiture - developed market gum business(0.11)(0.06)(0.05)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$2.35 $2.11 $0.24 11.4  %
Impact of unfavorable currency 0.12 — 0.12 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$2.47 $2.11 $0.36 17.1  %



























Exhibit 99.1
Schedule 5.b
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended September 30,
20232022$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.72 $0.39 $0.33 84.6  %
Simplify to Grow Program0.01 0.01 — 
Intangible asset impairment charges0.02 0.01 0.01 
Mark-to-market (gains)/losses from derivatives(0.01)0.07 (0.08)
Acquisition integration costs and contingent consideration adjustments0.04 0.02 0.02 
Inventory step-up— 0.01 (0.01)
Acquisition-related costs— 0.21 (0.21)
Net earnings from divestitures— (0.01)0.01 
Remeasurement of net monetary position0.02 0.01 0.01 
Initial impacts from enacted tax law changes0.01 0.01 — 
Gain on marketable securities(0.02)— (0.02)
Equity method investee items0.03 (0.01)0.04 
Adjusted EPS (Non-GAAP)$0.82 $0.72 $0.10 13.9  %
Net earnings from divestiture - developed market gum business(0.05)(0.02)(0.03)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$0.77 $0.70 $0.07 10.0  %
Impact of unfavorable currency 0.03 — 0.03 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.80 $0.70 $0.10 14.3  %































Exhibit 99.1
Schedule 5.c
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended June 30,
20232022$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.69 $0.54 $0.15 27.8  %
Simplify to Grow Program0.01 0.01 — 
Mark-to-market (gains)/losses from derivatives(0.11)0.08 (0.19)
Acquisition integration costs and contingent consideration adjustments0.01 0.03 (0.02)
Divestiture-related costs0.01 — 0.01 
Net earnings from divestitures(0.01)(0.03)0.02 
Incremental costs due to war in Ukraine— (0.01)0.01 
Remeasurement of net monetary position0.02 0.01 0.01 
Initial impacts from enacted tax law changes— 0.01 (0.01)
Loss on marketable securities0.11 — 0.11 
Loss on equity method investment transactions0.02 0.01 0.01 
Rounding— (0.01)0.01 
Adjusted EPS (Non-GAAP)$0.75 $0.64 $0.11 17.2  %
Net earnings from divestiture - developed market gum business(0.03)(0.02)(0.01)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$0.72 $0.62 $0.10 16.1  %
Impact of unfavorable currency 0.03 — 0.03 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.75 $0.62 $0.13 21.0  %













































Exhibit 99.1
Schedule 5.d
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended March 31,
20232022$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$1.52 $0.61 $0.91 149.2  %
Simplify to Grow Program0.02 0.02 — 
Intangible asset impairment charges— 0.04 (0.04)
Mark-to-market (gains)/losses from derivatives(0.03)(0.02)(0.01)
Acquisition integration costs and contingent consideration adjustments0.03 (0.01)0.04 
Acquisition-related costs— 0.02 (0.02)
Divestiture-related costs0.02 — 0.02 
Net earnings from divestitures(0.02)(0.03)0.01 
Incremental costs due to war in Ukraine— 0.11 (0.11)
Remeasurement of net monetary position0.01 — 0.01 
Loss on debt extinguishment and related expenses— 0.07 (0.07)
Gain on marketable securities(0.43)— (0.43)
Gain on equity method investment transactions(0.26)— (0.26)
Equity method investee items0.03 — 0.03 
Adjusted EPS (Non-GAAP)$0.89 $0.81 $0.08 9.9  %
Net earnings from divestiture - developed market gum business(0.03)(0.02)(0.01)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$0.86 $0.79 $0.07 8.9  %
Impact of unfavorable currency 0.06 — 0.06 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.92 $0.79 $0.13 16.5  %










































Exhibit 99.1
Schedule 5.e
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Twelve Months Ended December 31,
20222021$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$1.96 $3.04 $(1.08)(35.5) %
Simplify to Grow Program0.07 0.17 (0.10)
Intangible asset impairment charges0.05 0.02 0.03 
Mark-to-market (gains)/losses from derivatives0.19 (0.17)0.36 
Acquisition integration costs and contingent consideration adjustments0.05 (0.02)0.07 
Inventory step-up0.01 — 0.01 
Acquisition-related costs0.19 0.01 0.18 
Divestiture-related costs0.01 0.01 — 
Net earnings from divestitures(0.08)(0.10)0.02 
2017 malware incident net recoveries(0.02)— (0.02)
European Commission legal matter0.23 — 0.23 
Incremental costs due to war in Ukraine0.09 — 0.09 
Remeasurement of net monetary position0.03 0.01 0.02 
Impact from pension participation changes0.01 0.02 (0.01)
Loss on debt extinguishment and related expenses0.07 0.07 — 
Initial impacts from enacted tax law changes0.01 0.07 (0.06)
Loss/(gain) on equity method investment transactions0.02 (0.39)0.41 
Equity method investee items(0.02)0.03 (0.05)
Adjusted EPS (Non-GAAP)$2.87 $2.77 $0.10 3.6  %
Net earnings from divestiture - developed market gum business(0.08)(0.07)(0.01)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$2.79 $2.70 $0.09 3.3  %
Impact of unfavorable currency 0.23 — 0.23 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$3.02 $2.70 $0.32 11.9  %





































Exhibit 99.1
Schedule 5.f
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended December 31,
20222021$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.42 $0.71 $(0.29)(40.8) %
Simplify to Grow Program0.03 (0.03)0.06 
Mark-to-market (gains)/losses from derivatives0.06 — 0.06 
Acquisition integration costs and contingent consideration adjustments0.03 0.01 0.02 
Acquisition-related costs(0.04)— (0.04)
Divestiture-related costs— 0.01 (0.01)
Net earnings from divestitures(0.01)(0.03)0.02 
2017 malware incident net recoveries(0.02)— (0.02)
European Commission legal matter0.23 — 0.23 
Remeasurement of net monetary position0.01 — 0.01 
Loss on equity method investment transactions0.01 — 0.01 
Equity method investee items(0.01)0.01 (0.02)
Adjusted EPS (Non-GAAP)$0.71 $0.68 $0.03 4.4  %
Net earnings from divestiture - developed market gum business(0.03)(0.02)(0.01)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$0.68 $0.66 $0.02 3.0  %
Impact of unfavorable currency 0.05 — 0.05 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.73 $0.66 $0.07 10.6  %































Exhibit 99.1
Schedule 5.g
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended September 30,
20222021$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.39 $0.89 $(0.50)(56.2) %
Simplify to Grow Program0.01 0.06 (0.05)
Intangible asset impairment charges0.01 — 0.01 
Mark-to-market (gains)/losses from derivatives0.07 (0.08)0.15 
Acquisition integration costs and contingent consideration adjustments0.02 (0.03)0.05 
Inventory step-up0.01 — 0.01 
Acquisition-related costs0.21 — 0.21 
Net earnings from divestitures(0.01)(0.02)0.01 
Remeasurement of net monetary position0.01 — 0.01 
Initial impacts from enacted tax law changes0.01 — 0.01 
Gain on equity method investment transactions— (0.13)0.13 
Equity method investee items(0.01)— (0.01)
Adjusted EPS (Non-GAAP)$0.72 $0.69 $0.03 4.3  %
Net earnings from divestiture - developed market gum business(0.02)(0.02)— 
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$0.70 $0.67 $0.03 4.5  %
Impact of unfavorable currency 0.07 — 0.07 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.77 $0.67 $0.10 14.9  %













































Exhibit 99.1
Schedule 5.h
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended June 30,
20222021$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.54 $0.76 $(0.22)(28.9) %
Simplify to Grow Program0.01 0.07 (0.06)
Intangible asset impairment charges— 0.02 (0.02)
Mark-to-market (gains)/losses from derivatives0.08 (0.02)0.10 
Acquisition integration costs and contingent consideration adjustments0.03 — 0.03 
Acquisition-related costs— 0.01 (0.01)
Net earnings from divestitures(0.03)(0.03)— 
Incremental costs due to war in Ukraine(0.01)— (0.01)
Remeasurement of net monetary position0.01 — 0.01 
Impact from pension participation changes— 0.02 (0.02)
Initial impacts from enacted tax law changes0.01 0.07 (0.06)
Loss/(gain) on equity method investment transactions0.01 (0.27)0.28 
Rounding(0.01)— (0.01)
Adjusted EPS (Non-GAAP)$0.64 $0.63 $0.01 1.6  %
Net earnings from divestiture - developed market gum business(0.02)(0.01)(0.01)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$0.62 $0.62 $   %
Impact of unfavorable currency 0.05 — 0.05 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.67 $0.62 $0.05 8.1  %












































Exhibit 99.1
Schedule 5.i
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended March 31,
20222021$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.61 $0.68 $(0.07)(10.3) %
Simplify to Grow Program0.02 0.07 (0.05)
Intangible asset impairment charges0.04 — 0.04 
Mark-to-market (gains)/losses from derivatives(0.02)(0.07)0.05 
Acquisition integration costs and contingent consideration adjustments(0.01)— (0.01)
Acquisition-related costs0.02 0.01 0.01 
Net earnings from divestitures(0.03)(0.03)— 
Incremental costs due to war in Ukraine0.11 — 0.11 
Loss on debt extinguishment and related expenses0.07 0.07 — 
Equity method investee items— 0.03 (0.03)
Adjusted EPS (Non-GAAP)$0.81 $0.76 $0.05 6.6  %
Net earnings from divestiture - developed market gum business(0.02)(0.01)(0.01)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$0.79 $0.75 $0.04 5.3  %
Impact of unfavorable currency 0.06 — 0.06 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.85 $0.75 $0.10 13.3  %















































Exhibit 99.1
Schedule 5.j
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Twelve Months Ended December 31,
20212020$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$3.04 $2.47 $0.57 23.1  %
Simplify to Grow Program0.17 0.20 (0.03)
Intangible asset impairment charges0.02 0.08 (0.06)
Mark-to-market (gains)/losses from derivatives(0.17)(0.01)(0.16)
Acquisition integration costs and contingent consideration adjustments(0.02)— (0.02)
Acquisition-related costs0.01 0.01 — 
Divestiture-related costs0.01 — 0.01 
Net earnings from divestitures(0.10)(0.13)0.03 
Costs associated with JDE Peet’s transaction— 0.20 (0.20)
Remeasurement of net monetary position0.01 0.01 — 
Impact from pension participation changes0.02 0.01 0.01 
Loss related to interest rate swaps— 0.05 (0.05)
Loss on debt extinguishment and related expenses0.07 0.10 (0.03)
Impact from resolution of tax matters— (0.02)0.02 
Initial impacts from enacted tax law changes0.07 0.02 0.05 
Gain on equity method investment transactions(0.39)(0.55)0.16 
Equity method investee items0.03 0.03 — 
Adjusted EPS (Non-GAAP)$2.77 $2.47 $0.30 12.1  %
Net earnings from divestiture - developed market gum business(0.07)(0.05)(0.02)
Net earnings from divestiture - JDEP— — — 
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$2.70 $2.42 $0.28 11.6  %
Impact of favorable currency (0.08)— (0.08)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$2.62 $2.42 $0.20 8.3  %