EX-99.1 2 exhibit991-jdep1224.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 Earnings and Tax Rate
(in millions of U.S. dollars and shares, except per share data)
(Unaudited)

For the Nine Months Ended September 30, 2024
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome taxes (1)Effective tax rateLoss on equity method investment transactions including impairmentsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$4,734 $(76)$146 $ $4,664 $1,253 26.9 %$669 $(133)$9 $2,866 $2.12 
Simplify to Grow Program80 — — — 80 19 — — — 61 0.05 
Intangible asset impairment charges153 — — — 153 40 — — — 113 0.08 
Mark-to-market (gains)/losses from derivatives157 — — 156 28 — — — 128 0.09 
Acquisition integration costs and contingent consideration adjustments(249)— — — (249)(67)— — — (182)(0.13)
Acquisition-related costs— — — — — — — — 
Divestiture-related costs— — — — — — — — 
Operating results from short-term distributor agreements(2)— — — (2)(1)— — — (1)— 
European Commission legal matter(3)— — — (3)— — — — (3)— 
Incremental costs due to war in Ukraine— — — — — — — — 
ERP System Implementation costs38 — — — 38 — — — 30 0.02 
Remeasurement of net monetary position26 — — — 26 — — — — 26 0.02 
Impact from pension participation changes— — (7)— — — — — 
Initial impacts from enacted tax law changes— — — — — (12)— — — 12 0.01 
Loss on equity method investment transactions including impairments— — — — — — (669)— — 669 0.50 
Equity method investee items— — — — — — — (52)— 52 0.04 
Adjusted (Non-GAAP)$4,940 $(76)$140 $ $4,876 $1,270 26.0 %$ $(185)$9 $3,782 2.80 
Operating results from divestiture - JDEP— — — — — — — 77 — (77)(0.05)
Change in equity method investee items— — — — — — — 52 — (52)(0.04)
Adjusted (Non-GAAP) - As Recast$4,940 $(76)$140 $ $4,876 $1,270 26.0 %$ $(56)$9 $3,653 $2.71 
Currency111 0.08 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,764 $2.79 
Diluted Average Shares Outstanding1349
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 taxesIncome 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 
Gain on divestiture
Divestiture-related costs66 — — — 66 22 — — — 44 0.03 
Operating results from divestitures(193)— — — (193)(45)— 28 — (176)(0.13)
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)$4,231 $(60)$243 $(13)$4,061 $1,001 24.6 %$ $(170)$9 $3,221 2.35
Operating results from divestiture - JDEP— — — — — — — 33 — (33)(0.03)
Change in equity method investee items— — — — — — — 82 — (82)(0.06)
Adjusted (Non-GAAP) - As Recast$4,231 $(60)$243 $(13)$4,061 $1,001 24.6 %$ $(55)$9 $3,106 $2.26 
Diluted Average Shares Outstanding1372
(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 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 Three Months Ended September 30, 2024
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome taxes (1)Effective tax rateLoss on equity method investment transactions including impairmentsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,153 $(25)$46 $ $1,132 $326 28.8 %$4 $(54)$3 $853 $0.63 
Simplify to Grow Program12 — — — 12 — — — 10 0.01 
Intangible asset impairment charges153 — — — 153 40 — — — 113 0.08 
Mark-to-market (gains)/losses from derivatives710 — — 707 144 — — — 563 0.42 
Acquisition integration costs and contingent consideration adjustments(328)— — — (328)(84)— — — (244)(0.18)
Acquisition-related costs— — — — — — — — 
Divestiture-related costs(2)— — — (2)(1)— — — (1)— 
European Commission legal matter— — — — — — — — (1)— 
ERP System Implementation costs29 — — — 29 — — — 23 0.02 
Remeasurement of net monetary position— — — — — — — 0.01 
Impact from pension participation changes— — (2)— — — — — 
Initial impacts from enacted tax law changes— — — — — 11 — — — (11)(0.01)
Loss on equity method investment transactions including impairments— — — — — — (4)— — — 
Equity method investee items— — — — — — — (5)— 0.01 
Adjusted (Non-GAAP)$1,738 $(25)$47 $ $1,716 $446 26.0 %$ $(59)$3 $1,326 0.99
Operating results from divestiture - JDEP— — — — — — — 44 — (44)(0.03)
Change in equity method investee items— — — — — — — — (5)(0.01)
Adjusted (Non-GAAP) - As Recast$1,738 $(25)$47 $ $1,716 $446 26.0 %$ $(10)$3 $1,277 $0.95 
Currency10 0.01 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,287 $0.96 
Diluted Average Shares Outstanding1344
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 taxesIncome 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 — — — — — 
Operating results from divestitures(73)— — — (73)(17)— — — (56)(0.05)
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)$1,438 $(19)$63 $1 $1,393 $376 27.0 %$ $(48)$4 $1,061 0.77
Operating results from divestiture - JDEP— — — — — — — (6)— 0.01 
Change in equity method investee items— — — — — — — 38 — (38)(0.03)
Adjusted (Non-GAAP) - As Recast$1,438 $(19)$63 $1 $1,393 $376 27.0 %$ $(16)$4 $1,029 $0.75 
Diluted Average Shares Outstanding1370
(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 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 June 30, 2024
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome taxes (1)Effective tax rateEquity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$854 $(28)$32 $ $850 $295 34.7 %$ $(48)$2 $601 $0.45 
Simplify to Grow Program15 — — — 15 — — — 0.01 
Mark-to-market (gains)/losses from derivatives571 — (2)— 573 111 — — — 462 0.34 
Acquisition integration costs and contingent consideration adjustments36 — — — 36 — — — 29 0.02 
European Commission legal matter(3)— — — (3)(1)— — — (2)— 
Incremental costs due to war in Ukraine— — — — — — — — 
ERP System Implementation costs— — — — — — — 
Remeasurement of net monetary position— — — — — — — 0.01 
Impact from pension participation changes— — (3)— — — — — 
Initial impacts from enacted tax law changes— — — — — (25)— — — 25 0.02 
Equity method investee items— — — — — — — (19)— 19 0.01 
Adjusted (Non-GAAP)$1,492 $(28)$27 $ $1,493 $396 26.5 %$ $(67)$2 $1,162 0.86
Operating results from divestiture - JDEP— — — — — — — 24 — (24)(0.02)
Change in equity method investee items— — — — — — — 19 — (19)(0.01)
Adjusted (Non-GAAP) - As Recast$1,492 $(28)$27 $ $1,493 $396 26.5 %$ $(24)$2 $1,119 $0.83 
Currency46 0.03 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,165 $0.86 
Diluted Average Shares Outstanding1348
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 taxesIncome 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 
Operating results from divestitures(63)— — — (63)(12)— (56)(0.04)
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)$1,269 $(22)$91 $(5)$1,205 $293 24.3 %$ $(66)$(3)$981 0.72
Operating results from divestiture - JDEP— — — — — — — 45 — (45)(0.04)
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,269 $(22)$91 $(5)$1,205 $293 24.3 %$ $(21)$(3)$936 $0.68 
Diluted Average Shares Outstanding1372
(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 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 March 31, 2024
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome taxes (1)Effective tax rateLoss on equity method investment transactions including impairmentsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$2,727 $(23)$68 $ $2,682 $632 23.6 %$665 $(31)$4 $1,412 $1.04 
Simplify to Grow Program53 — — — 53 11 — — — 42 0.03 
Mark-to-market (gains)/losses from derivatives(1,124)— — — (1,124)(227)— — — (897)(0.66)
Acquisition integration costs and contingent consideration adjustments43 — — — 43 10 — — — 33 0.02 
Divestiture-related costs— — — — — — — 
Operating results from short-term distributor agreements(2)— — — (2)(1)— — — (1)— 
Incremental costs due to war in Ukraine— — — — — — — — 
Remeasurement of net monetary position— — — — — — — 0.01 
Impact from pension participation changes— — (2)— — — — — — 
Initial impacts from enacted tax law changes— — — — — — — — (2)— 
Loss on equity method investment transactions including impairments— — — — — — (665)— — 665 0.49 
Equity method investee items— — — — — — — (28)— 28 0.02 
Adjusted (Non-GAAP)$1,710 $(23)$66 $ $1,667 $428 25.7 %$ $(59)$4 $1,294 0.95
Operating results from divestiture - JDEP— — — — — — — — (9)— 
Change in equity method investee items— — — — — — — 28 — (28)(0.02)
Adjusted (Non-GAAP) - As Recast$1,710 $(23)$66 $ $1,667 $428 25.7 %$ $(22)$4 $1,257 $0.93 
Currency55 0.04 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,312 $0.97 
Diluted Average Shares Outstanding1355
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 taxesIncome 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 
Operating results from divestitures(57)— — — (57)(16)— 23 — (64)(0.05)
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)$1,524 $(19)$89 $(9)$1,463 $332 22.7 %$ $(56)$8 $1,179 0.86
Operating results from divestiture - JDEP— — — — — — — (6)— — 
Change in equity method investee items— — — — — — — 44 — (44)(0.03)
Adjusted (Non-GAAP) - As Recast$1,524 $(19)$89 $(9)$1,463 $332 22.7 %$ $(18)$8 $1,141 $0.83 
Diluted Average Shares Outstanding1373
(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 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 Twelve Months Ended December 31, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome 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)$5,502 $(82)$310 $(606)$5,880 $1,537 26.1 %$(465)$(160)$9 $4,959 $3.62 
Simplify to Grow Program131 — — — 131 26 — — — 105 0.08 
Intangible asset impairment charges26 — — — 26 — — — 20 0.01 
Mark-to-market (gains)/losses from derivatives(189)— (7)— (182)(21)— — (164)(0.12)
Acquisition integration costs and contingent consideration adjustments246 — — — 246 60 — — — 186 0.14 
Gain on divestiture(108)— — — (108)— — — (116)(0.08)
Divestiture-related costs83 — — — 83 25 — — — 58 0.04 
Operating results from divestitures(194)— — — (194)(46)— 28 — (176)(0.13)
Operating results from short-term distributor agreements(3)— — — (3)— — — — (3)— 
European Commission legal matter43 — — — 43 24 — — — 19 0.01 
Incremental costs due to war in Ukraine(1)— — — (1)— — — — (1)— 
Remeasurement of net monetary position98 — — — 98 — — — — 98 0.07 
Impact from pension participation changes— — (10)— 10 — — — 0.01 
Loss on debt extinguishment and related expenses— — (1)— — — — — — 
Initial impacts from enacted tax law changes— — — — — (83)— — — 83 0.06 
Gain on marketable securities— — — 593 (593)(133)— — — (460)(0.34)
Gain on equity method investment transactions— — — — — (124)462 — — (338)(0.25)
Equity method investee items— — — — — — — (93)— 93 0.07 
Adjusted (Non-GAAP)$5,634 $(82)$292 $(13)$5,437 $1,282 23.6 %$ $(225)$9 $4,371 3.19
Operating results from divestiture - JDEP— — — — — — — 57 — (57)(0.04)
Change in equity method investee items— — — — — — — 93 — (93)(0.07)
Adjusted (Non-GAAP) - As Recast$5,634 $(82)$292 $(13)$5,437 $1,282 23.6 %$ $(75)$9 $4,221 $3.08 
Currency175 0.13 
Adjusted @ Constant FX (Non-GAAP) - As Recast$4,396 $3.21 
Diluted Average Shares Outstanding1370
For the Twelve Months Ended December 31, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome 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 
Operating results from divestitures(148)— — — (148)(50)— 133 — (231)(0.16)
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)$4,885 $(126)$363 $ $4,648 100021.5 %$ $(227)$9 $3,866 2.79
Operating results from divestiture - JDEP— — — — — — — 193 — (193)(0.14)
Change in equity method investee items— — — — — — — (25)— 25 0.02 
Adjusted (Non-GAAP) - As Recast$4,885 $(126)$363 $ $4,648 100021.5 %$ $(59)$9 $3,698 $2.67 
Diluted Average Shares Outstanding1385
(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 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 December 31, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome taxes (1)Effective tax rateEquity method investment transactionsEquity method investment net losses / (earnings)Non-controlling interest earningsNet Earnings attributable to Mondelēz InternationalDiluted EPS attributable to Mondelēz International
Reported (GAAP)$1,193 $(22)$52 $ $1,163 $257 22.1 %$ $(44)$ $950 $0.70 
Simplify to Grow Program70 — — — 70 17 — — — 53 0.04 
Mark-to-market (gains)/losses from derivatives50 — (1)— 51 17 — — — 34 0.02 
Acquisition integration costs and contingent consideration adjustments103 — — — 103 21 — — — 82 0.06 
Gain on divestiture(108)— — — (108)— — — (116)(0.09)
Divestiture-related costs17 — — — 17 — — — 14 0.01 
Operating results from divestitures(1)— — — (1)(1)— — — — — 
Operating results from short-term distributor agreements(3)— — — (3)— — — — (3)— 
European Commission legal matter43 — — — 43 24 — — — 19 0.01 
Incremental costs due to war in Ukraine— — — — — — — — 
Remeasurement of net monetary position38 — — — 38 — — — — 38 0.03 
Impact from pension participation changes— — (2)— — — — — 
Initial impacts from enacted tax law changes— — — — — (68)— — — 68 0.05 
Gain on marketable securities— — — — — — — — (2)— 
Equity method investee items— — — — — — — (11)— 11 0.01 
Adjusted (Non-GAAP)$1,403 $(22)$49 $ $1,376 $281 20.4 %$ $(55)$ $1,150 0.84
Operating results from divestiture - JDEP— — — — — — — 24 — (24)(0.01)
Change in equity method investee items— — — — — — — 11 — (11)(0.01)
Adjusted (Non-GAAP) - As Recast$1,403 $(22)$49 $ $1,376 $281 20.4 %$ $(20)$ $1,115 $0.82 
Currency— — 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,115 $0.82 
Diluted Average Shares Outstanding1364
For the Three Months Ended December 31, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome 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— — — — — — — — 
Operating results from divestitures(45)— — — (45)(12)— 16 — (49)(0.04)
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)$1,257 $(32)$116 $ $1,173 $287 24.5 %$ $(51)$1 $936 0.68
Operating results from divestiture - JDEP— — — — — — — 55 — (55)(0.04)
Change in equity method investee items— — — — — — — (18)— 18 0.01 
Adjusted (Non-GAAP) - As Recast$1,257 $(32)$116 $ $1,173 $287 24.5 %$ $(14)$1 $899 $0.65 
Diluted Average Shares Outstanding1375
(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 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 Three Months Ended September 30, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome 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 — — — — — 
Operating results from divestitures(73)— — — (73)(17)— — — (56)(0.05)
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)$1,438 $(19)$63 $1 $1,393 $376 27.0 %$ $(48)$4 $1,061 0.77
Operating results from divestiture - JDEP— — — — — — — (6)— 0.01 
Change in equity method investee items— — — — — — — 38 — (38)(0.03)
Adjusted (Non-GAAP) - As Recast$1,438 $(19)$63 $1 $1,393 $376 27.0 %$ $(16)$4 $1,029 $0.75 
Currency43 0.03 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,072 $0.78 
Diluted Average Shares Outstanding1370
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 taxesIncome 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— — — — — — — 
Operating results from divestitures(34)— — — (34)(7)— 19 — (46)(0.03)
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)$1,219 $(30)$136 $ $1,113 $206 18.5 %$ $(53)$1 $959 0.70
Operating results from divestiture - JDEP— — — — — — — 54 — (54)(0.04)
Change in equity method investee items— — — — — — — (13)— 13 0.01 
Adjusted (Non-GAAP) - As Recast$1,219 $(30)$136 $ $1,113 $206 18.5 %$ $(12)$1 $918 $0.67 
Diluted Average Shares Outstanding1379
(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 1.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, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome 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 
Operating results from divestitures(63)— — — (63)(12)— — (56)(0.04)
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)$1,269 $(22)$91 $(5)$1,205 $293 24.3 %$ $(66)$(3)$981 0.72
Operating results from divestiture - JDEP— — — — — — — 45 — (45)(0.04)
Change in equity method investee items— — — — — — — — — — — 
Adjusted (Non-GAAP) - As Recast$1,269 $(22)$91 $(5)$1,205 $293 24.3 %$ $(21)$(3)$936 $0.68 
Currency55 0.04 
Adjusted @ Constant FX (Non-GAAP) - As Recast$991 $0.72 
Diluted Average Shares Outstanding1372
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 taxesIncome 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— — — — — — — 
Operating results from divestitures(42)— — — (42)(15)— 41 — (68)(0.05)
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)$1,058 $(31)$77 $ $1,012 $201 19.9 %$ $(54)$1 $864 0.62
Operating results from divestiture - JDEP— — — — — — — 42 — (42)(0.03)
Change in equity method investee items— — — — — — — (3)— — 
Adjusted (Non-GAAP) - As Recast$1,058 $(31)$77 $ $1,012 $201 19.9 %$ $(15)$1 $825 $0.59 
Diluted Average Shares Outstanding1389
(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 1.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, 2023
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netMarketable securities (gains)/lossesEarnings before income taxesIncome 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 
Operating results from divestitures(57)— — — (57)(16)— 23 — (64)(0.05)
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)$1,524 $(19)$89 $(9)$1,463 $332 22.7 %$ $(56)$8 $1,179 0.86
Operating results from divestiture - JDEP— — — — — — — (6)— — 
Change in equity method investee items— — — — — — — 44 — (44)(0.03)
Adjusted (Non-GAAP) - As Recast$1,524 $(19)$89 $(9)$1,463 $332 22.7 %$ $(18)$8 $1,141 $0.83 
Currency77 0.06 
Adjusted @ Constant FX (Non-GAAP) - As Recast$1,218 $0.89 
Diluted Average Shares Outstanding1373
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 taxesIncome 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— — — — — — — — 
Operating results from divestitures(27)— — — (27)(16)— 57 — (68)(0.05)
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)$1,351 $(33)$34 $ $1,350 $306 22.7 %$ $(69)$6 $1,107 0.79
Operating results from divestiture - JDEP— — — — — — — 42 — (42)(0.03)
Change in equity method investee items— — — — — — — — (9)— 
Adjusted (Non-GAAP) - As Recast$1,351 $(33)$34 $ $1,350 $306 22.7 %$ $(18)$6 $1,056 $0.76 
Diluted Average Shares Outstanding1398
(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 1.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, 2022
Operating IncomeBenefit plan non-service expense / (income) Interest and other expense, netEarnings before income taxesIncome 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 
Operating results from divestitures(148)— — (148)(50)— 133 — (231)(0.16)
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)$4,885 $(126)$363 $4,648 $1,000 21.5 %$ $(227)$9 $3,866 2.79
Operating results from divestiture - JDEP— — — — — — 193 — (193)(0.14)
Change in equity method investee items— — — — — — (25)— 25 0.02 
Adjusted (Non-GAAP) - As Recast$4,885 $(126)$363 $4,648 $1,000 21.5 %$ $(59)$9 $3,698 $2.67 
Currency298 0.22 
Adjusted @ Constant FX (Non-GAAP) - As Recast$3,996 $2.89 
Diluted Average Shares Outstanding1385
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 
Operating results from divestitures(127)— — (127)(53)— 165 — (239)(0.17)
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)$4,653 $(148)$297 $4,504 $938 20.8 %$ $(269)$14 $3,821 2.70
Operating results from divestiture - JDEP— — — — — — 147 — (147)(0.10)
Change in equity method investee items— — — — — — 41 — (41)(0.03)
Adjusted (Non-GAAP) - As Recast$4,653 $(148)$297 $4,504 $938 20.8 %$ $(81)$14 $3,633 $2.57 
Diluted Average Shares Outstanding1413
(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 2.a
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Nine Months Ended September 30,
20242023$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$2.12 $2.92 $(0.80)(27.4) %
Simplify to Grow Program0.05 0.04 0.01 
Intangible asset impairment charges0.08 0.02 0.06 
Mark-to-market (gains)/losses from derivatives0.09 (0.14)0.23 
Acquisition integration costs and contingent consideration adjustments(0.13)0.08 (0.21)
Divestiture-related costs— 0.03 (0.03)
Operating results from divestitures— (0.13)0.13 
ERP System Implementation costs0.02 — 0.02 
Remeasurement of net monetary position0.02 0.04 (0.02)
Initial impacts from enacted tax law changes0.01 0.01 — 
Gain on marketable securities— (0.33)0.33 
Loss/(gain) on equity method investment transactions including impairments0.50 (0.25)0.75 
Equity method investee items0.04 0.06 (0.02)
Adjusted EPS (Non-GAAP)$2.80 $2.35 $0.45 19.1  %
Operating results from divestiture - JDEP(0.05)(0.03)(0.02)
Change in equity method investee items(0.04)(0.06)0.02 
Adjusted EPS (Non-GAAP) - As Recast$2.71 $2.26 $0.45 19.9  %
Impact of unfavorable currency 0.08 — 0.08 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$2.79 $2.26 $0.53 23.5  %































Exhibit 99.1

Schedule 2.b
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended September 30,
20242023$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.63 $0.72 $(0.09)(12.5) %
Simplify to Grow Program0.01 0.01 — 
Intangible asset impairment charges0.08 0.02 0.06 
Mark-to-market (gains)/losses from derivatives0.42 (0.01)0.43 
Acquisition integration costs and contingent consideration adjustments(0.18)0.04 (0.22)
Operating results from divestitures— (0.05)0.05 
ERP System Implementation costs0.02 — 0.02 
Remeasurement of net monetary position0.01 0.02 (0.01)
Initial impacts from enacted tax law changes(0.01)0.01 (0.02)
Gain on marketable securities— (0.02)0.02 
Equity method investee items0.01 0.03 (0.02)
Adjusted EPS (Non-GAAP)$0.99 $0.77 $0.22 28.6  %
Operating results from divestiture - JDEP(0.03)0.01 (0.04)
Change in equity method investee items(0.01)(0.03)0.02 
Adjusted EPS (Non-GAAP) - As Recast$0.95 $0.75 $0.20 26.7  %
Impact of unfavorable currency 0.01 — 0.01 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.96 $0.75 $0.21 28.0  %
































Exhibit 99.1

Schedule 2.c
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended June 30,
20242023$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.45 $0.69 $(0.24)(34.8) %
Simplify to Grow Program0.01 0.01 — 
Mark-to-market (gains)/losses from derivatives0.34 (0.11)0.45 
Acquisition integration costs and contingent consideration adjustments0.02 0.01 0.01 
Divestiture-related costs— 0.01 (0.01)
Operating results from divestitures— (0.04)0.04 
Remeasurement of net monetary position0.01 0.02 (0.01)
Initial impacts from enacted tax law changes0.02 — 0.02 
Loss on marketable securities— 0.11 (0.11)
Loss on equity method investment transactions including impairments— 0.02 (0.02)
Equity method investee items0.01 — 0.01 
Adjusted EPS (Non-GAAP)$0.86 $0.72 $0.14 19.4  %
Operating results from divestiture - JDEP(0.02)(0.04)0.02 
Change in equity method investee items(0.01)— (0.01)
Adjusted EPS (Non-GAAP) - As Recast$0.83 $0.68 $0.15 22.1  %
Impact of unfavorable currency 0.03 — 0.03 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.86 $0.68 $0.18 26.5  %















































Exhibit 99.1

Schedule 2.d
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended March 31,
20242023$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$1.04 $1.52 $(0.48)(31.6) %
Simplify to Grow Program0.03 0.02 0.01 
Mark-to-market (gains)/losses from derivatives(0.66)(0.03)(0.63)
Acquisition integration costs and contingent consideration adjustments0.02 0.03 (0.01)
Divestiture-related costs— 0.02 (0.02)
Operating results from divestitures— (0.05)0.05 
Remeasurement of net monetary position0.01 0.01 — 
Gain on marketable securities— (0.43)0.43 
Loss/(gain) on equity method investment transactions including impairments0.49 (0.26)0.75 
Equity method investee items0.02 0.03 (0.01)
Adjusted EPS (Non-GAAP)$0.95 $0.86 $0.09 10.5  %
Operating results from divestiture - JDEP— — — 
Change in equity method investee items(0.02)(0.03)0.01 
Adjusted EPS (Non-GAAP) - As Recast$0.93 $0.83 $0.10 12.0  %
Impact of unfavorable currency 0.04 — 0.04 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.97 $0.83 $0.14 16.9  %

















































Exhibit 99.1

Schedule 2.e
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Twelve Months Ended December 31,
20232022$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$3.62 $1.96 $1.66 84.7  %
Simplify to Grow Program0.08 0.07 0.01 
Intangible asset impairment charges0.01 0.05 (0.04)
Mark-to-market (gains)/losses from derivatives(0.12)0.19 (0.31)
Acquisition integration costs and contingent consideration adjustments0.14 0.05 0.09 
Inventory step-up— 0.01 (0.01)
Gain on divestiture(0.08)— (0.08)
Acquisition-related costs— 0.19 (0.19)
Divestiture-related costs0.04 0.01 0.03 
Operating results from divestitures(0.13)(0.16)0.03 
2017 malware incident net recoveries— (0.02)0.02 
European Commission legal matter0.01 0.23 (0.22)
Incremental costs due to war in Ukraine— 0.09 (0.09)
Remeasurement of net monetary position0.07 0.03 0.04 
Impact from pension participation changes0.01 0.01 — 
Loss on debt extinguishment and related expenses— 0.07 (0.07)
Initial impacts from enacted tax law changes0.06 0.01 0.05 
Gain on marketable securities(0.34)— (0.34)
(Gain)/loss on equity method investment transactions(0.25)0.02 (0.27)
Equity method investee items0.07 (0.02)0.09 
Adjusted EPS (Non-GAAP)$3.19 $2.79 $0.40 14.3  %
Operating results from divestiture - JDEP(0.04)(0.14)0.10 
Change in equity method investee items(0.07)0.02 (0.09)
Adjusted EPS (Non-GAAP) - As Recast$3.08 $2.67 $0.41 15.4  %
Impact of unfavorable currency 0.13 — 0.13 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$3.21 $2.67 $0.54 20.2  %




































Exhibit 99.1

Schedule 2.f
Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Measures
Diluted EPS
(Unaudited)

 For the Three Months Ended December 31,
20232022$ Change% Change
Diluted EPS attributable to Mondelēz International (GAAP)$0.70 $0.42 $0.28 66.7  %
Simplify to Grow Program0.04 0.03 0.01 
Mark-to-market (gains)/losses from derivatives0.02 0.06 (0.04)
Acquisition integration costs and contingent consideration adjustments0.06 0.03 0.03 
Gain on divestiture(0.09)— (0.09)
Acquisition-related costs— (0.04)0.04 
Divestiture-related costs0.01 — 0.01 
Operating results from divestitures— (0.04)0.04 
2017 malware incident net recoveries— (0.02)0.02 
European Commission legal matter0.01 0.23 (0.22)
Remeasurement of net monetary position0.03 0.01 0.02 
Initial impacts from enacted tax law changes0.05 — 0.05 
Gain on equity method investment transactions— 0.01 (0.01)
Equity method investee items0.01 (0.01)0.02 
Adjusted EPS (Non-GAAP)$0.84 $0.68 $0.16 23.5  %
Operating results from divestiture - JDEP(0.01)(0.04)0.03 
Change in equity method investee items(0.01)0.01 (0.02)
Adjusted EPS (Non-GAAP) - As Recast$0.82 $0.65 $0.17 26.2  %
Impact of currency — — — 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.82 $0.65 $0.17 26.2  %






























Exhibit 99.1

Schedule 2.g
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)
Operating results from divestitures(0.05)(0.03)(0.02)
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)$0.77 $0.70 $0.07 10.0  %
Operating results from divestiture - JDEP0.01 (0.04)0.05 
Change in equity method investee items(0.03)0.01 (0.04)
Adjusted EPS (Non-GAAP) - As Recast$0.75 $0.67 $0.08 11.9  %
Impact of unfavorable currency 0.03 — 0.03 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.78 $0.67 $0.11 16.4  %














































Exhibit 99.1

Schedule 2.h
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 
Operating results from divestitures(0.04)(0.05)0.01 
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)$0.72 $0.62 $0.10 16.1  %
Operating results from divestiture - JDEP(0.04)(0.03)(0.01)
Change in equity method investee items— — — 
Adjusted EPS (Non-GAAP) - As Recast$0.68 $0.59 $0.09 15.3  %
Impact of unfavorable currency 0.04 — 0.04 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.72 $0.59 $0.13 22.0  %














































Exhibit 99.1

Schedule 2.i
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 
Operating results from divestitures(0.05)(0.05)— 
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)$0.86 $0.79 $0.07 8.9  %
Operating results from divestiture - JDEP— (0.03)0.03 
Change in equity method investee items(0.03)— (0.03)
Adjusted EPS (Non-GAAP) - As Recast$0.83 $0.76 $0.07 9.2  %
Impact of unfavorable currency 0.06 — 0.06 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$0.89 $0.76 $0.13 17.1  %












































Exhibit 99.1

Schedule 2.j
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 — 
Operating results from divestitures(0.16)(0.17)0.01 
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)$2.79 $2.70 $0.09 3.3  %
Operating results from divestiture - JDEP(0.14)(0.10)(0.04)
Change in equity method investee items0.02 (0.03)0.05 
Adjusted EPS (Non-GAAP) - As Recast$2.67 $2.57 $0.10 3.9  %
Impact of unfavorable currency 0.22 — 0.22 
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast$2.89 $2.57 $0.32 12.5  %