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 Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended March 31, 2021
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Loss on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted 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 Program		122			—			—			122			31						—			—			—		91			0.07
Mark-to-market (gains)/losses from derivatives		(118	)		—			(1	)		(117	)		(22	)					—			—			—		(95	)		(0.07	)
Acquisition integration costs		1			—			—			1			—						—			—			—		1			—
Acquisition-related costs		7			—			—			7			1						—			—			—		6			0.01
Gain on acquisition		(9	)		—			—			(9	)		(2	)					—			—			—		(7	)		—
Remeasurement of net monetary position		5			—			—			5			—						—			—			—		5			—
Impact from pension participation changes		1			—			(3	)		4			1						—			—			—		3			—
Loss on debt extinguishment and related expenses		—			—			(137	)		137			34						—			—			—		103			0.07
Loss on equity method investment transactions		—			—			—			—			—						(7	)		—			—		7			—
Equity method investee items		—			—			—			—			1						—			(16	)		—		15			0.01
Adjusted (Non-GAAP)	$	1,292		$	(44	)	$	77		$	1,259		$	256			20.3	%	$	—		$	(94	)	$	7	$	1,090		$	0.77
Impact from enacted tax law changes		—			—			—			—			(4	)					—			—			—		4			—
Change in equity method investee items		—			—			—			—			—						—			(43	)		—		43			0.03
Adjusted (Non-GAAP) - As Recast	$	1,292		$	(44	)	$	77		$	1,259		$	252			20.0	%	$	—		$	(137	)	$	7	$	1,137		$	0.80
Currency																												(49	)		(0.03	)
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	1,088		$	0.77
Diluted Average Shares Outstanding																															1,422

	For the Three Months Ended March 31, 2020
	Operating Income		Benefit plan non -service expense / (income)			Interest and other expense, net			Earnings before income taxes		Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	856	$	(33	)	$	190		$	699	$	148			21.2	%	$	(71	)	$	(121	)	$	7	$	736		$	0.51
Simplify to Grow Program		58		—			—			58		13						—			—			—		45			0.03
Mark-to-market (gains)/losses from derivatives		185		—			1			184		32						—			—			—		152			0.11
Acquisition-related costs		5		—			—			5		1						—			—			—		4			—
Net earnings from divestitures		—		—			—			—		(5	)					—			28			—		(23	)		(0.01	)
Remeasurement of net monetary position		2		—			—			2		—						—			—			—		2			—
Impact from pension participation changes		—		—			(3	)		3		1						—			—			—		2			—
Loss related to interest rate swaps		—		—			(103	)		103		24						—			—			—		79			0.05
Gain on equity method investment transactions		—		—			—			—		(17	)					71			—			—		(54	)		(0.04	)
Equity method investee items		—		—			—			—		1						—			(6	)		—		5			0.01
Adjusted (Non-GAAP)	$	1,106	$	(33	)	$	85		$	1,054	$	198			18.8	%	$	—		$	(99	)	$	7	$	948		$	0.66
Impact from enacted tax law changes		—		—			—			—		—						—			—			—		—			—
Change in equity method investee items		—		—			—			—		—						—			(10	)		—		10			—
Adjusted (Non-GAAP) - As Recast	$	1,106	$	(33	)	$	85		$	1,054	$	198			18.8	%	$	—		$	(109	)	$	7	$	958		$	0.66
Diluted Average Shares Outstanding																													1,445

⁽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.

Schedule 1.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 Twelve Months Ended December 31, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted 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 Program		360			(3	)		—			363			81						—			—			—		282			0.20
Intangible asset impairment charges		144			—			—			144			33						—			—			—		111			0.08
Mark-to-market (gains)/losses from derivatives		(16	)		—			3			(19	)		(8	)					—			—			—		(11	)		(0.01	)
Acquisition integration costs		4			—			—			4			2						—			—			—		2			—
Acquisition-related costs		15			—			—			15			—						—			—			—		15			0.01
Divestiture-related costs		4			—			—			4			—						—			—			—		4			—
Net earnings from divestitures		—			—			—			—			(15	)					—			74			—		(59	)		(0.04	)
Costs associated with JDE Peet’s transaction		48			—			—			48			(250	)					—			—			—		298			0.20
Remeasurement of net monetary position		9			—			—			9			—						—			—			—		9			0.01
Impact from pension participation changes		—			—			(11	)		11			2						—			—			—		9			0.01
Impact from resolution of tax matters		(20	)		—			28			(48	)		(16	)					—			—			—		(32	)		(0.02	)
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
Gain on equity method investment transactions		—			—			—			—			(202	)					989			—			—		(787	)		(0.55	)
Equity method investee items		—			—			—			—			7						—			(81	)		—		74			0.05
Adjusted (Non-GAAP)	$	4,401		$	(141	)	$	340		$	4,202		$	928			22.1	%	$	—		$	(428	)	$	14	$	3,688		$	2.56
Impact from enacted tax law changes		—			—			—			—			(36	)					—			—			—		36			0.02
Change in equity method investee items		—			—			—			—			—						—			(10	)		—		10			0.01
Adjusted (Non-GAAP) - As Recast	$	4,401		$	(141	)	$	340		$	4,202		$	892			21.2	%	$	—		$	(438	)	$	14	$	3,734		$	2.59
Currency																												50			0.04
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	3,784		$	2.63
Diluted Average Shares Outstanding																															1,441

	For the Twelve Months Ended December 31, 2019
	Operating Income			Benefit plan non -service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Loss on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,843		$	(60	)	$	456		$	3,447		$	2			0.1	%	$	2		$	(501	)	$	15	$	3,929		$	2.69
Simplify to Grow Program		442			(6	)		—			448			103						—			—			—		345			0.24
Intangible asset impairment charges		57			—			—			57			14						—			—			—		43			0.03
Mark-to-market (gains)/losses from derivatives		(91	)		—			(1	)		(90	)		(19	)					—			—			—		(71	)		(0.05	)
Acquisition-related costs		3			—			—			3			1						—			—			—		2			—
Divestiture-related costs		6			—			—			6			—						—			—			—		6			—
Net earnings from divestitures		(9	)		—			—			(9	)		(15	)					—			95			—		(89	)		(0.06	)
Gain on divestitures		(44	)		—			—			(44	)		(3	)					—			—			—		(41	)		(0.03	)
Remeasurement of net monetary position		(4	)		—			—			(4	)		—						—			—			—		(4	)		—
Impact from pension participation changes		(35	)		—			(6	)		(29	)		(8	)					—			—			—		(21	)		(0.02	)
Impact from resolution of tax matters		85			—			—			85			21						—			—			—		64			0.05
CEO transition remuneration		9			—			—			9			—						—			—			—		9			0.01
Loss related to interest rate swaps		—			—			(111	)		111			—						—			—			—		111			0.08
Swiss tax reform net impacts		2			—			—			2			769						—			—			—		(767	)		(0.53	)
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(5	)					—			—			—		5			—
Loss on equity method investment transactions		—			—			—			—			(6	)					(2	)		—			—		8			0.01
Equity method investee items		—			—			—			—			6						—			(37	)		—		31			0.02
Adjusted (Non-GAAP)	$	4,264		$	(66	)	$	338		$	3,992		$	860			21.5	%	$	—		$	(443	)	$	15	$	3,560		$	2.44
Impact from enacted tax law changes		—			—			—			—			(10	)					—			—			—		10			0.01
Change in equity method investee items		—			—			—			—			—						—			42			—		(42	)		(0.03	)
Adjusted (Non-GAAP) - As Recast	$	4,264		$	(66	)	$	338		$	3,992		$	850			21.3	%	$	—		$	(401	)	$	15	$	3,528		$	2.42
Diluted Average Shares Outstanding																															1,458

⁽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.

Schedule 1.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 December 31, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,149		$	(36	)	$	244		$	941		$	344			36.6	%	$	(452	)	$	(110	)	$	3	$	1,156		$	0.80
Simplify to Grow Program		112			1			—			111			26						—			—			—		85			0.06
Mark-to-market (gains)/losses from derivatives		(58	)		—			(1	)		(57	)		(13	)					—			—			—		(44	)		(0.03	)
Acquisition integration costs		2			—			—			2			2						—			—			—		—			—
Net earnings from divestitures		—			—			—			—			(3	)					—			13			—		(10	)		—
Costs associated with JDE Peet’s transaction		—			—			—			—			11						—			—			—		(11	)		(0.01	)
Remeasurement of net monetary position		2			—			—			2			—						—			—			—		2			—
Impact from pension participation changes		—			—			(2	)		2			—						—			—			—		2			—
Impact from resolution of tax matters		(20	)		—			28			(48	)		(16	)					—			—			—		(32	)		(0.02	)
Loss on debt extinguishment and related expenses		—			—			(185	)		185			46						—			—			—		139			0.10
Gain on equity method investment transactions		—			—			—			—			(108	)					452			—			—		(344	)		(0.24	)
Equity method investee items		—			—			—			—			—						—			(15	)		—		15			0.01
Rounding		1			—			—			1			—						—			—			—		1			—
Adjusted (Non-GAAP)	$	1,188		$	(35	)	$	84		$	1,139		$	289			25.4	%	$	—		$	(112	)	$	3	$	959		$	0.67
Impact from enacted tax law changes		—			—			—			—			(6	)					—			—			—		6			—
Change in equity method investee items		—			—			—			—			—						—			—			—		—			—
Adjusted (Non-GAAP) - As Recast	$	1,188		$	(35	)	$	84		$	1,139		$	283			24.8	%	$	—		$	(112	)	$	3	$	965		$	0.67
Currency																												(25	)		(0.02	)
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	940		$	0.65
Diluted Average Shares Outstanding																															1,439

	For the Three Months Ended December 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions		Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	906		$	(18	)	$	70		$	854		$	230			26.9	%	$	—	$	(112	)	$	3	$	733		$	0.50
Simplify to Grow Program		138			—			—			138			36						—		—			—		102			0.07
Mark-to-market (gains)/losses from derivatives		(22	)		—			1			(23	)		(5	)					—		—			—		(18	)		(0.01	)
Acquisition-related costs		1			—			—			1			—						—		—			—		1			—
Net earnings from divestitures		—			—			—			—			(4	)					—		23			—		(19	)		(0.01	)
Remeasurement of net monetary position		(6	)		—			—			(6	)		—						—		—			—		(6	)		—
Impact from pension participation changes		—			—			(3	)		3			1						—		—			—		2			—
Impact from resolution of tax matters		85			—			—			85			21						—		—			—		64			0.04
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(3	)					—		—			—		3			—
Equity method investee items		—			—			—			—			1						—		(11	)		—		10			0.01
Rounding		(1	)		—			—			(1	)		—						—		—			—		(1	)		—
Adjusted (Non-GAAP)	$	1,101		$	(18	)	$	68		$	1,051		$	277			26.4	%	$	—	$	(100	)	$	3	$	871		$	0.60
Impact from enacted tax law changes		—			—			—			—			2						—		—			—		(2	)		—
Change in equity method investee items		—			—			—			—			—						—		—			—		—			—
Adjusted (Non-GAAP) - As Recast	$	1,101		$	(18	)	$	68		$	1,051		$	279			26.5	%	$	—	$	(100	)	$	3	$	869		$	0.60
Diluted Average Shares Outstanding																														1,453

⁽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.

Schedule 1.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 September 30, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,135		$	(38	)	$	89		$	1,084		$	391			36.1	%	$	(345	)	$	(84	)	$	3	$	1,119		$	0.78
Simplify to Grow Program		114			—			—			114			22						—			—			—		92			0.06
Intangible asset impairment charges		54			—			—			54			12						—			—			—		42			0.03
Mark-to-market (gains)/losses from derivatives		(145	)		—			3			(148	)		(27	)					—			—			—		(121	)		(0.08	)
Acquisition-related costs		—			—			—			—			(3	)					—			—			—		3			—
Divestiture-related costs		6			—			—			6			—						—			—			—		6			—
Net earnings from divestitures		—			—			—			—			(6	)					—			17			—		(11	)		(0.01	)
Remeasurement of net monetary position		2			—			—			2			—						—			—			—		2			—
Impact from pension participation changes		—			—			(3	)		3			1						—			—			—		2			—
Gain on equity method investment transactions		—			—			—			—			(77	)					345			—			—		(268	)		(0.19	)
Equity method investee items		—			—			—			—			2						—			(37	)		—		35			0.03
Rounding		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Adjusted (Non-GAAP)	$	1,165		$	(38	)	$	89		$	1,114		$	315			28.3	%	$	—		$	(104	)	$	3	$	900		$	0.62
Impact from enacted tax law changes		—			—			—			—			(30	)					—			—			—		30			0.02
Change in equity method investee items		—			—			—			—			—						—			—			—		—			—
Adjusted (Non-GAAP) - As Recast	$	1,165		$	(38	)	$	89		$	1,114		$	285			25.6	%	$	—		$	(104	)	$	3	$	930		$	0.64
Currency																												4			0.01
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	934		$	0.65
Diluted Average Shares Outstanding																															1,442

	For the Three Months Ended September 30, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions		Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	876		$	(13	)	$	205		$	684		$	(633	)		(92.5	)%	$	—	$	(114	)	$	5	$	1,426		$	0.98
Simplify to Grow Program		151			(1	)		—			152			29						—		—			—		123			0.08
Intangible asset impairment charges		57			—			—			57			14						—		—			—		43			0.03
Mark-to-market (gains)/losses from derivatives		(20	)		—			(2	)		(18	)		(8	)					—		—			—		(10	)		(0.01	)
Acquisition-related costs		1			—			—			1			1						—		—			—		—			—
Divestiture-related costs		(4	)		—			—			(4	)		(1	)					—		—			—		(3	)		—
Net earnings from divestitures		—			—			—			—			(4	)					—		23			—		(19	)		(0.01	)
Gain on divestitures		(3	)		—			—			(3	)		1						—		—			—		(4	)		—
Remeasurement of net monetary position		1			—			—			1			—						—		—			—		1			—
Impact from pension participation changes		—			—			(3	)		3			—						—		—			—		3			—
CEO transition remuneration		3			—			—			3			—						—		—			—		3			—
Loss related to interest rate swaps		—			—			(111	)		111			—						—		—			—		111			0.08
Swiss tax reform net impacts		2			—			—			2			769						—		—			—		(767	)		(0.53	)
Equity method investee items		—			—			—			—			1						—		(7	)		—		6			0.01
Rounding		1			—			—			1			—						—		—			—		1			—
Adjusted (Non-GAAP)	$	1,065		$	(14	)	$	89		$	990		$	169			17.1	%	$	—	$	(98	)	$	5	$	914		$	0.63
Impact from enacted tax law changes		—			—			—			—			(3	)					—		—			—		3			—
Change in equity method investee items		—			—			—			—			—						—		—			—		—			—
Adjusted (Non-GAAP) - As Recast	$	1,065		$	(14	)	$	89		$	990		$	166			16.8	%	$	—	$	(98	)	$	5	$	917		$	0.63
Diluted Average Shares Outstanding																														1,458

⁽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.

Schedule 1.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 Three Months Ended June 30, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	713		$	(31	)	$	85		$	659		$	341			51.7	%	$	(121	)	$	(106	)	$	1	$	544		$	0.38
Simplify to Grow Program		76			(4	)		—			80			20						—			—			—		60			0.04
Intangible asset impairment charges		90			—			—			90			21						—			—			—		69			0.05
Mark-to-market (gains)/losses from derivatives		2			—			—			2			—						—			—			—		2			—
Acquisition integration costs		2			—			—			2			—						—			—			—		2			—
Acquisition-related costs		10			—			—			10			2						—			—			—		8			0.01
Divestiture-related costs		(2	)		—			—			(2	)		—						—			—			—		(2	)		—
Net earnings from divestitures		—			—			—			—			(1	)					—			16			—		(15	)		(0.01	)
Costs associated with JDE Peet’s transaction		48			—			—			48			(261	)					—			—			—		309			0.21
Remeasurement of net monetary position		3			—			—			3			—						—			—			—		3			—
Impact from pension participation changes		—			—			(3	)		3			—						—			—			—		3			—
Gain on equity method investment transactions		—			—			—			—			—						121			—			—		(121	)		(0.08	)
Equity method investee items		—			—			—			—			4						—			(23	)		—		19			0.01
Adjusted (Non-GAAP)	$	942		$	(35	)	$	82		$	895		$	126			14.1	%	$	—		$	(113	)	$	1	$	881		$	0.61
Impact from enacted tax law changes		—			—			—			—			—						—			—			—		—			—
Change in equity method investee items		—			—			—			—			—						—			—			—		—			—
Adjusted (Non-GAAP) - As Recast	$	942		$	(35	)	$	82		$	895		$	126			14.1	%	$	—		$	(113	)	$	1	$	881		$	0.61
Currency																												27			0.02
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	908		$	0.63
Diluted Average Shares Outstanding																															1,439

	For the Three Months Ended June 30, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net		Earnings before income taxes			Income taxes (1)			Effective tax rate			Loss on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,025		$	(12	)	$	101	$	936		$	216			23.1	%	$	25		$	(109	)	$	1	$	803		$	0.55
Simplify to Grow Program		83			(5	)		—		88			19						—			—			—		69			0.05
Mark-to-market (gains)/losses from derivatives		(33	)		—			—		(33	)		(3	)					—			—			—		(30	)		(0.02	)
Acquisition-related costs		1			—			—		1			—						—			—			—		1			—
Divestiture-related costs		11			—			—		11			1						—			—			—		10			0.01
Net earnings from divestitures		(5	)		—			—		(5	)		(4	)					—			21			—		(22	)		(0.02	)
Gain on divestitures		(41	)		—			—		(41	)		(3	)					—			—			—		(38	)		(0.03	)
Remeasurement of net monetary position		(1	)		—			—		(1	)		—						—			—			—		(1	)		—
Impact from pension participation changes		(35	)		—			—		(35	)		(9	)					—			—			—		(26	)		(0.02	)
CEO transition remuneration		3			—			—		3			—						—			—			—		3			—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—		—			(1	)					—			—			—		1			—
Loss on equity method investment transactions		—			—			—		—			(2	)					(25	)		—			—		27			0.02
Equity method investee items		—			—			—		—			1						—			(8	)		—		7			0.01
Adjusted (Non-GAAP)	$	1,008		$	(17	)	$	101	$	924		$	215			23.3	%	$	—		$	(96	)	$	1	$	804		$	0.55
Impact from enacted tax law changes		—			—			—		—			(9	)					—			—			—		9			0.01
Change in equity method investee items		—			—			—		—			—						—			1			—		(1	)		—
Adjusted (Non-GAAP) - As Recast	$	1,008		$	(17	)	$	101	$	924		$	206			22.3	%	$	—		$	(95	)	$	1	$	812		$	0.56
Diluted Average Shares Outstanding																														1,458

⁽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.

Schedule 1.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 March 31, 2020
	Operating Income		Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes		Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	856	$	(33	)	$	190		$	699	$	148			21.2	%	$	(71	)	$	(121	)	$	7	$	736		$	0.51
Simplify to Grow Program		58		—			—			58		13						—			—			—		45			0.03
Mark-to-market (gains)/losses from derivatives		185		—			1			184		32						—			—			—		152			0.11
Acquisition-related costs		5		—			—			5		1						—			—			—		4			—
Net earnings from divestitures		—		—			—			—		(5	)					—			28			—		(23	)		(0.01	)
Remeasurement of net monetary position		2		—			—			2		—						—			—			—		2			—
Impact from pension participation changes		—		—			(3	)		3		1						—			—			—		2			—
Loss related to interest rate swaps		—		—			(103	)		103		24						—			—			—		79			0.05
Gain on equity method investment transactions		—		—			—			—		(17	)					71			—			—		(54	)		(0.04	)
Equity method investee items		—		—			—			—		1						—			(6	)		—		5			0.01
Adjusted (Non-GAAP)	$	1,106	$	(33	)	$	85		$	1,054	$	198			18.8	%	$	—		$	(99	)	$	7	$	948		$	0.66
Impact from enacted tax law changes		—		—			—			—		—						—			—			—		—			—
Change in equity method investee items		—		—			—			—		—						—			(10	)		—		10			—
Adjusted (Non-GAAP) - As Recast	$	1,106	$	(33	)	$	85		$	1,054	$	198			18.8	%	$	—		$	(109	)	$	7	$	958		$	0.66
Currency																										44			0.03
Adjusted @ Constant FX (Non-GAAP) - As Recast																									$	1,002		$	0.69
Diluted Average Shares Outstanding																													1,445

	For the Three Months Ended March 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net		Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,036		$	(17	)	$	80	$	973		$	189			19.4	%	$	(23	)	$	(166	)	$	6	$	967		$	0.66
Simplify to Grow Program		70			—			—		70			19						—			—			—		51			0.04
Mark-to-market (gains)/losses from derivatives		(16	)		—			—		(16	)		(3	)					—			—			—		(13	)		(0.01	)
Divestiture-related costs		(1	)		—			—		(1	)		—						—			—			—		(1	)		—
Net earnings from divestitures		(4	)		—			—		(4	)		(3	)					—			28			—		(29	)		(0.02	)
Remeasurement of net monetary position		2			—			—		2			—						—			—			—		2			—
CEO transition remuneration		3			—			—		3			—						—			—			—		3			—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—		—			(1	)					—			—			—		1			—
Gain on equity method investment transactions		—			—			—		—			(5	)					23			—			—		(18	)		(0.01	)
Equity method investee items		—			—			—		—			3						—			(11	)		—		8			—
Adjusted (Non-GAAP)	$	1,090		$	(17	)	$	80	$	1,027		$	199			19.4	%	$	—		$	(149	)	$	6	$	971		$	0.66
Impact from enacted tax law changes		—			—			—		—			—						—			—			—		—			—
Change in equity method investee items		—			—			—		—			—						—			41			—		(41	)		(0.02	)
Adjusted (Non-GAAP) - As Recast	$	1,090		$	(17	)	$	80	$	1,027		$	199			19.4	%	$	—		$	(108	)	$	6	$	930		$	0.64
Diluted Average Shares Outstanding																														1,461

⁽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.

Schedule 1.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 Twelve Months Ended December 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Loss on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,843		$	(60	)	$	456		$	3,447		$	2			0.1	%	$	2		$	(501	)	$	15	$	3,929		$	2.69
Simplify to Grow Program		442			(6	)		—			448			103						—			—			—		345			0.24
Intangible asset impairment charges		57			—			—			57			14						—			—			—		43			0.03
Mark-to-market (gains)/losses from derivatives		(91	)		—			(1	)		(90	)		(19	)					—			—			—		(71	)		(0.05	)
Acquisition-related costs		3			—			—			3			1						—			—			—		2			—
Divestiture-related costs		6			—			—			6			—						—			—			—		6			—
Net earnings from divestitures		(9	)		—			—			(9	)		(15	)					—			95			—		(89	)		(0.06	)
Gain on divestitures		(44	)		—			—			(44	)		(3	)					—			—			—		(41	)		(0.03	)
Remeasurement of net monetary position		(4	)		—			—			(4	)		—						—			—			—		(4	)		—
Impact from pension participation changes		(35	)		—			(6	)		(29	)		(8	)					—			—			—		(21	)		(0.02	)
Impact from resolution of tax matters		85			—			—			85			21						—			—			—		64			0.05
CEO transition remuneration		9			—			—			9			—						—			—			—		9			0.01
Loss related to interest rate swaps		—			—			(111	)		111			—						—			—			—		111			0.08
Swiss tax reform net impacts		2			—			—			2			769						—			—			—		(767	)		(0.53	)
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(5	)					—			—			—		5			—
Loss on equity method investment transactions		—			—			—			—			(6	)					(2	)		—			—		8			0.01
Equity method investee items		—			—			—			—			6						—			(37	)		—		31			0.02
Adjusted (Non-GAAP)	$	4,264		$	(66	)	$	338		$	3,992		$	860			21.5	%	$	—		$	(443	)	$	15	$	3,560		$	2.44
Impact from enacted tax law changes		—			—			—			—			(10	)					—			—			—		10			0.01
Change in equity method investee items		—			—			—			—			—						—			42			—		(42	)		(0.03	)
Adjusted (Non-GAAP) - As Recast	$	4,264		$	(66	)	$	338		$	3,992		$	850			21.3	%	$	—		$	(401	)	$	15	$	3,528		$	2.42
Currency																												216			0.15
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	3,744		$	2.57
Diluted Average Shares Outstanding																															1,458

	For the Twelve Months Ended December 31, 2018
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,312		$	(50	)	$	520		$	2,842		$	773			27.2	%	$	(778	)	$	(484	)	$	14	$	3,317		$	2.23
Simplify to Grow Program		626			(5	)		—			631			156						—			—			—		475			0.32
Intangible asset impairment charges		68			—			—			68			16						—			—			—		52			0.03
Mark-to-market (gains)/losses from derivatives		(141	)		—			1			(142	)		(10	)					—			—			—		(132	)		(0.09	)
Acquisition integration costs		3			—			—			3			—						—			—			—		3			—
Acquisition-related costs		13			—			—			13			3						—			—			—		10			0.01
Divestiture-related costs		(1	)		—			—			(1	)		(2	)					—			—			—		1			—
Net earnings from divestitures		(19	)		—			—			(19	)		(19	)					—			103			—		(103	)		(0.07	)
Remeasurement of net monetary position		11			—			—			11			—						—			—			—		11			0.01
Impact from pension participation changes		423			—			(6	)		429			108						—			—			—		321			0.22
Impact from resolution of tax matters		(15	)		—			(4	)		(11	)		6						—			—			—		(17	)		(0.01	)
CEO transition remuneration		22			—			—			22			5						—			—			—		17			0.01
Gain related to interest rate swaps		—			—			10			(10	)		(2	)					—			—			—		(8	)		(0.01	)
Loss on debt extinguishment and related expenses		—			—			(140	)		140			35						—			—			—		105			0.07
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(19	)					—			—			—		19			0.01
Gain on equity method investment transactions		—			—			—			—			(192	)					778			—			—		(586	)		(0.39	)
Equity method investee items		—			—			—			—			(10	)					—			17			—		(7	)		—
Adjusted (Non-GAAP)	$	4,302		$	(55	)	$	381		$	3,976		$	848			21.3	%	$	—		$	(364	)	$	14	$	3,478		$	2.34
Impact from enacted tax law changes		—			—			—			—			(14	)					—			—			—		14			0.01
Change in equity method investee items		—			—			—			—			—						—			(6	)		—		6			—
Adjusted (Non-GAAP) - As Recast	$	4,302		$	(55	)	$	381		$	3,976		$	834			21.0	%	$	—		$	(370	)	$	14	$	3,498		$	2.35
Diluted Average Shares Outstanding																															1,486

⁽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.

Schedule 2.a

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended March 31,
	2021			2020			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.68		$	0.51		$	0.17			33.3	%
Simplify to Grow Program		0.07			0.03			0.04
Mark-to-market (gains)/losses from derivatives		(0.07	)		0.11			(0.18	)
Acquisition-related costs		0.01			—			0.01
Net earnings from divestitures		—			(0.01	)		0.01
Loss related to interest rate swaps		—			0.05			(0.05	)
Loss on debt extinguishment and related expenses		0.07			—			0.07
Gain on equity method investment transactions		—			(0.04	)		0.04
Equity method investee items		0.01			0.01			—
Adjusted EPS (Non-GAAP)	$	0.77		$	0.66		$	0.11			16.7	%
Impact from enacted tax law changes		—			—			—
Change in equity method investee items		0.03			—			0.03
Adjusted EPS (Non-GAAP) - As Recast	$	0.80		$	0.66		$	0.14			21.2	%
Impact of favorable currency		(0.03	)		—			(0.03	)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.77		$	0.66		$	0.11			16.7	%

Schedule 2.b

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Twelve Months Ended December 31,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	2.47		$	2.69		$	(0.22	)		(8.2	)%
Simplify to Grow Program		0.20			0.24			(0.04	)
Intangible asset impairment charges		0.08			0.03			0.05
Mark-to-market (gains)/losses from derivatives		(0.01	)		(0.05	)		0.04
Acquisition-related costs		0.01			—			0.01
Net earnings from divestitures		(0.04	)		(0.06	)		0.02
Gain on divestitures		—			(0.03	)		0.03
Costs associated with JDE Peet’s transaction		0.20			—			0.20
Remeasurement of net monetary position		0.01			—			0.01
Impact from pension participation changes		0.01			(0.02	)		0.03
Impact from resolution of tax matters		(0.02	)		0.05			(0.07	)
CEO transition remuneration		—			0.01			(0.01	)
Loss related to interest rate swaps		0.05			0.08			(0.03	)
Loss on debt extinguishment and related expenses		0.10			—			0.10
Swiss tax reform net impacts		—			(0.53	)		0.53
(Gain)/loss on equity method investment transactions		(0.55	)		0.01			(0.56	)
Equity method investee items		0.05			0.02			0.03
Adjusted EPS (Non-GAAP)	$	2.56		$	2.44		$	0.12			4.9	%
Impact from enacted tax law changes		0.02			0.01			0.01
Change in equity method investee items		0.01			(0.03	)		0.04
Adjusted EPS (Non-GAAP) - As Recast	$	2.59		$	2.42		$	0.17			7.0	%
Impact of unfavorable currency		0.04			—			0.04
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	2.63		$	2.42		$	0.21			8.7	%

Schedule 2.c

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended December 31,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.80		$	0.50		$	0.30			60.0	%
Simplify to Grow Program		0.06			0.07			(0.01	)
Mark-to-market (gains)/losses from derivatives		(0.03	)		(0.01	)		(0.02	)
Net earnings from divestitures		—			(0.01	)		0.01
Costs associated with JDE Peet’s transaction		(0.01	)		—			(0.01	)
Impact from resolution of tax matters		(0.02	)		0.04			(0.06	)
Loss on debt extinguishment and related expenses		0.10			—			0.10
Gain on equity method investment transactions		(0.24	)		—			(0.24	)
Equity method investee items		0.01			0.01			—
Adjusted EPS (Non-GAAP)	$	0.67		$	0.60		$	0.07			11.7	%
Impact from enacted tax law changes		—			—			—
Change in equity method investee items		—			—			—
Adjusted EPS (Non-GAAP) - As Recast	$	0.67		$	0.60		$	0.07			11.7	%
Impact of favorable currency		(0.02	)		—			(0.02	)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.65		$	0.60		$	0.05			8.3	%

Schedule 2.d

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended September 30,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.78		$	0.98		$	(0.20	)		(20.4	)%
Simplify to Grow Program		0.06			0.08			(0.02	)
Intangible asset impairment charges		0.03			0.03			—
Mark-to-market (gains)/losses from derivatives		(0.08	)		(0.01	)		(0.07	)
Net earnings from divestitures		(0.01	)		(0.01	)		—
Loss related to interest rate swaps		—			0.08			(0.08	)
Swiss tax reform net impacts		—			(0.53	)		0.53
Gain on equity method investment transactions		(0.19	)		—			(0.19	)
Equity method investee items		0.03			0.01			0.02
Adjusted EPS (Non-GAAP)	$	0.62		$	0.63		$	(0.01	)		(1.6	)%
Impact from enacted tax law changes		0.02			—			0.02
Change in equity method investee items		—			—			—
Adjusted EPS (Non-GAAP) - As Recast	$	0.64		$	0.63		$	0.01			1.6	%
Impact of unfavorable currency		0.01			—			0.01
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.65		$	0.63		$	0.02			3.2	%

Schedule 2.e

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended June 30,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.38		$	0.55		$	(0.17	)		(30.9	)%
Simplify to Grow Program		0.04			0.05			(0.01	)
Intangible asset impairment charges		0.05			—			0.05
Mark-to-market (gains)/losses from derivatives		—			(0.02	)		0.02
Acquisition-related costs		0.01			—			0.01
Divestiture-related costs		—			0.01			(0.01	)
Net earnings from divestitures		(0.01	)		(0.02	)		0.01
Gain on divestitures		—			(0.03	)		0.03
Costs associated with JDE Peet’s transaction		0.21			—			0.21
Impact from pension participation changes		—			(0.02	)		0.02
(Gain)/loss on equity method investment transactions		(0.08	)		0.02			(0.10	)
Equity method investee items		0.01			0.01			—
Adjusted EPS (Non-GAAP)	$	0.61		$	0.55		$	0.06			10.9	%
Impact from enacted tax law changes		—			0.01			(0.01	)
Change in equity method investee items		—			—			—
Adjusted EPS (Non-GAAP) - As Recast	$	0.61		$	0.56		$	0.05			8.9	%
Impact of unfavorable currency		0.02			—			0.02
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.63		$	0.56		$	0.07			12.5	%

Schedule 2.f

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended March 31,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.51		$	0.66		$	(0.15	)		(22.7	)%
Simplify to Grow Program		0.03			0.04			(0.01	)
Mark-to-market (gains)/losses from derivatives		0.11			(0.01	)		0.12
Net earnings from divestitures		(0.01	)		(0.02	)		0.01
Loss related to interest rate swaps		0.05			—			0.05
Gain on equity method investment transactions		(0.04	)		(0.01	)		(0.03	)
Equity method investee items		0.01			—			0.01
Adjusted EPS (Non-GAAP)	$	0.66		$	0.66		$	—			0.0	%
Impact from enacted tax law changes		—			—			—
Change in equity method investee items		—			(0.02	)		0.02
Adjusted EPS (Non-GAAP) - As Recast	$	0.66		$	0.64		$	0.02			3.1	%
Impact of unfavorable currency		0.03			—			0.03
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.69		$	0.64		$	0.05			7.8	%

Schedule 2.g

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Twelve Months Ended December 31,
	2019			2018			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	2.69		$	2.23		$	0.46			20.6	%
Simplify to Grow Program		0.24			0.32			(0.08	)
Intangible asset impairment charges		0.03			0.03			—
Mark-to-market (gains)/losses from derivatives		(0.05	)		(0.09	)		0.04
Acquisition-related costs		—			0.01			(0.01	)
Net earnings from divestitures		(0.06	)		(0.07	)		0.01
Gain on divestitures		(0.03	)		—			(0.03	)
Remeasurement of net monetary position		—			0.01			(0.01	)
Impact from pension participation changes		(0.02	)		0.22			(0.24	)
Impact from resolution of tax matters		0.05			(0.01	)		0.06
CEO transition remuneration		0.01			0.01			—
(Gain)/loss related to interest rate swaps		0.08			(0.01	)		0.09
Loss on debt extinguishment and related expenses		—			0.07			(0.07	)
Swiss tax reform net impacts		(0.53	)		—			(0.53	)
U.S. tax reform discrete net tax (benefit)/expense		—			0.01			(0.01	)
(Gain)/loss on equity method investment transactions		0.01			(0.39	)		0.40
Equity method investee items		0.02			—			0.02
Adjusted EPS (Non-GAAP)	$	2.44		$	2.34		$	0.10			4.3	%
Impact from enacted tax law changes		0.01			0.01			—
Change in equity method investee items		(0.03	)		—			(0.03	)
Adjusted EPS (Non-GAAP) - As Recast	$	2.42		$	2.35		$	0.07			3.0	%
Impact of unfavorable currency		0.15			—			0.15
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	2.57		$	2.35		$	0.22			9.4	%