EX-99.1 2 a991-jdep101023.htm EX-99.1

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 Six Months Ended June 30, 2023
			Operating Income						Benefit plan non-service expense / (income)						Interest and other expense, net						Marketable securities (gains)/losses						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)			$	2,930					$	(41)					$	192					$	(607)					$	3,386					$	926					27.3		%				$	(464)					$	(106)					$	5					$	3,025					$	2.20
Simplify to Grow Program			41						—						—						—						41						7												—						—						—						34						0.03
Mark-to-market (gains)/losses from derivatives			(220)						—						(6)						—						(214)						(29)												2						—						—						(187)						(0.14)
Acquisition integration costs and contingent consideration adjustments			75						—						—						—						75						22												—						—						—						53						0.04
Divestiture-related costs			52						—						—						—						52						8												—						—						—						44						0.03
Net earnings from divestitures			—						—						—						—						—						(4)												—						24						—						(20)						(0.01)
Incremental costs due to war in Ukraine			(3)						—						—						—						(3)						—												—						—						—						(3)						—
Remeasurement of net monetary position			38						—						—						—						38						—												—						—						—						38						0.03
Impact from pension participation changes			—						—						(5)						—						5						1												—						—						—						4						—
Loss on debt extinguishment and related expenses			—						—						(1)						—						1						—												—						—						—						1						—
Initial impacts from enacted tax law changes			—						—						—						—						—						(2)												—						—						—						2						—
Gain on marketable securities			—						—						—						593						(593)						(156)												—						—						—						(437)						(0.32)
Gain on equity method investment transactions			—						—						—						—						—						(124)												462						—						—						(338)						(0.25)
Equity method investee items			—						—						—						—						—						—												—						(48)						—						48						0.04
Adjusted (Non-GAAP)			$	2,913					$	(41)					$	180					$	(14)					$	2,788					$	649					23.3		%				$	—					$	(130)					$	5					$	2,264					1.65
Net earnings from divestiture - JDEP			—						—						—						—						—						—												—						4						—						(4)						(0.01)
Change in equity method investee items			—						—						—						—						—						—												—						4						—						(4)						—
Adjusted (Non-GAAP) - As Recast			$	2,913					$	(41)					$	180					$	(14)					$	2,788					$	649					23.3		%				$	—					$	(122)					$	5					$	2,256					$	1.64
Currency																																																															133						0.10
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																															$	2,389					$	1.74
Diluted Average Shares Outstanding																																																																					1372
			For the Six Months Ended June 30, 2022
			Operating Income						Benefit plan non-service expense / (income)						Interest and other expense, net						Marketable securities (gains)/losses						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)			$	2,021					$	(63)					$	266					$	—					$	1,818					$	411					22.6		%				$	13					$	(215)					$	7					$	1,602					$	1.15
Simplify to Grow Program			53						(1)						—						—						54						13												—						—						—						41						0.03
Intangible asset impairment charges			78						—						—						—						78						19												—						—						—						59						0.04
Mark-to-market (gains)/losses from derivatives			82						—						(18)						—						100						19												—						—						—						81						0.06
Acquisition integration costs and contingent consideration adjustments			69						—						(3)						—						72						51												—						—						—						21						0.02
Acquisition-related costs			26						—						—						—						26						3												—						—						—						23						0.02
Divestiture-related costs			6						—						—						—						6						1												—						—						—						5						—
Net earnings from divestitures			(4)						—						—						—						(4)						(17)												—						90						—						(77)						(0.05)
Incremental costs due to war in Ukraine			128						—						—						—						128						(2)												—						—						—						130						0.09
Remeasurement of net monetary position			15						—						—						—						15						—												—						—						—						15						0.01
Impact from pension participation changes			—						—						(5)						—						5						1												—						—						—						4						—
Loss on debt extinguishment and related expenses			—						—						(129)						—						129						31												—						—						—						98						0.07
Initial impacts from enacted tax law changes			—						—						—						—						—						(9)												—						—						—						9						0.01
Loss on equity method investment transactions			—						—						—						—						—						—												(13)						—						—						13						0.01
Equity method investee items			—						—						—						—						—						—												—						(6)						—						6						—
Adjusted (Non-GAAP)			$	2,474					$	(64)					$	111					$	—					$	2,427					$	521					21.5		%				$	—					$	(131)					$	7					$	2,030					1.46
Net earnings from divestiture - JDEP			—						—						—						—						—						—												—						8						—						(8)						(0.01)
Change in equity method investee items			—						—						—						—						—						—												—						—						—						—						—
Adjusted (Non-GAAP) - As Recast			$	2,474					$	(64)					$	111					$	—					$	2,427					$	521					21.5		%				$	—					$	(123)					$	7					$	2,022					$	1.45
Diluted Average Shares Outstanding																																																																					1393

(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.

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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 June 30, 2023
			Operating Income						Benefit plan non-service expense / (income)						Interest and other expense, net						Marketable securities (gains)/losses						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)			$	1,425					$	(22)					$	97					$	189					$	1,161					$	268					23.1		%				$	23					$	(71)					$	(3)					$	944					$	0.69
Simplify to Grow Program			6						—						—						—						6						1												—						—						—						5						0.01
Mark-to-market (gains)/losses from derivatives			(171)						—						(3)						—						(168)						(21)												—						—						—						(147)						(0.11)
Acquisition integration costs and contingent consideration adjustments			24						—						—						—						24						9												—						—						—						15						0.01
Divestiture-related costs			22						—						—						—						22						4												—						—						—						18						0.01
Remeasurement of net monetary position			26						—						—						—						26						—												—						—						—						26						0.02
Impact from pension participation changes			—						—						(2)						—						2						—												—						—						—						2						—
Loss on debt extinguishment and related expenses			—						—						(1)						—						1						—												—						—						—						1						—
Initial impacts from enacted tax law changes			—						—						—						—						—						(2)												—						—						—						2						—
Loss on marketable securities			—						—						—						(194)						194						45												—						—						—						149						0.11
Loss on equity method investment transactions			—						—						—						—						—						1												(23)						—						—						22						0.02
Adjusted (Non-GAAP)			$	1,332					$	(22)					$	91					$	(5)					$	1,268					$	305					24.1		%				$	—					$	(71)					$	(3)					$	1,037					0.76
Net earnings from divestiture - JDEP			—						—						—						—						—						—												—						5						—						(5)						(0.01)
Change in equity method investee items			—						—						—						—						—						—												—						—						—						—						—
Adjusted (Non-GAAP) - As Recast			$	1,332					$	(22)					$	91					$	(5)					$	1,268					$	305					24.1		%				$	—					$	(66)					$	(3)					$	1,032					$	0.75
Currency																																																															52						0.04
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																															$	1,084					$	0.79
Diluted Average Shares Outstanding																																																																					1372
			For the Three Months Ended June 30, 2022
			Operating Income						Benefit plan non-service expense / (income)						Interest and other expense, net						Marketable securities (gains)/losses						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)			$	927					$	(30)					$	98					$	—					$	859					$	201					23.4		%				$	8					$	(98)					$	1					$	747					$	0.54
Simplify to Grow Program			22						(1)						—						—						23						6												—						—						—						17						0.01
Mark-to-market (gains)/losses from derivatives			109						—						(19)						—						128						14												—						—						—						114						0.08
Acquisition integration costs and contingent consideration adjustments			37						—						—						—						37						1												—						—						—						36						0.03
Acquisition-related costs			5						—						—						—						5						2												—						—						—						3						—
Divestiture-related costs			5						—						—						—						5						1												—						—						—						4						—
Net earnings from divestitures			(3)						—						—						—						(3)						(7)												—						37						—						(33)						(0.03)
Incremental costs due to war in Ukraine			(15)						—						—						—						(15)						—												—						—						—						(15)						(0.01)
Remeasurement of net monetary position			10						—						—						—						10						—												—						—						—						10						0.01
Impact from pension participation changes			—						—						(2)						—						2						—												—						—						—						2						—
Initial impacts from enacted tax law changes			—						—						—						—						—						(9)												—						—						—						9						0.01
Loss on equity method investment transactions			—						—						—						—						—						—												(8)						—						—						8						0.01
Equity method investee items			—						—						—						—						—						—												—						4						—						(4)						—
Adjusted (Non-GAAP)			$	1,097					$	(31)					$	77					$	—					$	1,051					$	209					19.9		%				$	—					$	(57)					$	1					$	898					0.65
Net earnings from divestiture - JDEP			—						—						—						—						—						—												—						4						—						(4)						—
Change in equity method investee items			—						—						—						—						—						—												—						(1)						—						1						—
Rounding			—						—						—						—						—						—												—						—						—						—						(0.01)
Adjusted (Non-GAAP) - As Recast			$	1,097					$	(31)					$	77					$	—					$	1,051					$	209					19.9		%				$	—					$	(54)					$	1					$	895					$	0.64
Diluted Average Shares Outstanding																																																																					1389

(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.

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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 March 31, 2023
			Operating Income						Benefit plan non-service expense / (income)						Interest and other expense, net						Marketable securities (gains)/losses						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)			$	1,505					$	(19)					$	95					$	(796)					$	2,225					$	658					29.6		%				$	(487)					$	(35)					$	8					$	2,081					$	1.52
Simplify to Grow Program			35						—						—						—						35						6												—						—						—						29						0.02
Mark-to-market (gains)/losses from derivatives			(49)						—						(3)						—						(46)						(8)												2						—						—						(40)						(0.03)
Acquisition integration costs and contingent consideration adjustments			51						—						—						—						51						13												—						—						—						38						0.03
Divestiture-related costs			30						—						—						—						30						4												—						—						—						26						0.02
Net earnings from divestitures			—						—						—						—						—						(4)												—						24						—						(20)						(0.02)
Incremental costs due to war in Ukraine			(3)						—						—						—						(3)						—												—						—						—						(3)						—
Remeasurement of net monetary position			12						—						—						—						12						—												—						—						—						12						0.01
Impact from pension participation changes			—						—						(3)						—						3						1												—						—						—						2						—
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			—						—						—						—						—						—												—						(48)						—						48						0.03
Adjusted (Non-GAAP)			$	1,581					$	(19)					$	89					$	(9)					$	1,520					$	344					22.6		%				$	—					$	(59)					$	8					$	1,227					0.89
Net earnings from divestiture - JDEP			—						—						—						—						—						—												—						(1)						—						1						—
Change in equity method investee items			—						—						—						—						—						—												—						4						—						(4)						—
Adjusted (Non-GAAP) - As Recast			$	1,581					$	(19)					$	89					$	(9)					$	1,520					$	344					22.6		%				$	—					$	(56)					$	8					$	1,224					$	0.89
Currency																																																															81						0.06
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																															$	1,305					$	0.95
Diluted Average Shares Outstanding																																																																					1373
			For the Three Months Ended March 31, 2022
			Operating Income						Benefit plan non-service expense / (income)						Interest and other expense, net						Marketable securities (gains)/losses						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)			$	1,094					$	(33)					$	168					$	—					$	959					$	210					21.9		%				$	5					$	(117)					$	6					$	855					$	0.61
Simplify to Grow Program			31						—						—						—						31						7												—						—						—						24						0.02
Intangible asset impairment charges			78						—						—						—						78						19												—						—						—						59						0.04
Mark-to-market (gains)/losses from derivatives			(27)						—						1						—						(28)						5												—						—						—						(33)						(0.02)
Acquisition integration costs and contingent consideration adjustments			32						—						(3)						—						35						50												—						—						—						(15)						(0.01)
Acquisition-related costs			21						—						—						—						21						1												—						—						—						20						0.02
Divestiture-related costs			1						—						—						—						1						—												—						—						—						1						—
Net earnings from divestitures			(1)						—						—						—						(1)						(10)												—						53						—						(44)						(0.03)
Incremental costs due to war in Ukraine			143						—						—						—						143						(2)												—						—						—						145						0.11
Remeasurement of net monetary position			5						—						—						—						5						—												—						—						—						5						—
Impact from pension participation changes			—						—						(3)						—						3						1												—						—						—						2						—
Loss on debt extinguishment and related expenses			—						—						(129)						—						129						31												—						—						—						98						0.07
Loss on equity method investment transactions			—						—						—						—						—						—												(5)						—						—						5						—
Equity method investee items			—						—						—						—						—						—												—						(10)						—						10						—
Adjusted (Non-GAAP)			$	1,377					$	(33)					$	34					$	—					$	1,376					$	312					22.7		%				$	—					$	(74)					$	6					$	1,132					0.81
Net earnings from divestiture - JDEP			—						—						—						—						—						—												—						4						—						(4)						—
Change in equity method investee items			—						—						—						—						—						—												—						1						—						(1)						—
Adjusted (Non-GAAP) - As Recast			$	1,377					$	(33)					$	34					$	—					$	1,376					$	312					22.7		%				$	—					$	(69)					$	6					$	1,127					$	0.81
Diluted Average Shares Outstanding																																																																					1398

(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.

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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 Twelve Months Ended December 31, 2022
			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)			$	3,534					$	(117)					$	423					$	3,228					$	865					26.8		%				$	22					$	(385)					$	9					$	2,717					$	1.96
Simplify to Grow Program			122						(1)						—						123						26												—						—						—						97						0.07
Intangible asset impairment charges			101						—						—						101						25												—						—						—						76						0.05
Mark-to-market (gains)/losses from derivatives			326						—						8						318						56												—						—						—						262						0.19
Acquisition integration costs and contingent consideration adjustments			136						(8)						(4)						148						72												—						—						—						76						0.05
Inventory step-up			25						—						—						25						7												—						—						—						18						0.01
Acquisition-related costs			330						—						76						254						(11)												—						—						—						265						0.19
Divestiture-related costs			18						—						—						18						9												—						—						—						9						0.01
Net earnings from divestitures			(4)						—						—						(4)						(20)												—						114						—						(98)						(0.06)
2017 malware incident net recoveries			(37)						—						—						(37)						(10)												—						—						—						(27)						(0.02)
European Commission legal matter			318						—						—						318						—												—						—						—						318						0.23
Incremental costs due to war in Ukraine			121						—						—						121						(4)												—						—						—						125						0.09
Remeasurement of net monetary position			40						—						—						40						—												—						—						—						40						0.03
Impact from pension participation changes			(1)						—						(11)						10						3												—						—						—						7						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			—						—						—						—						—												—						27						—						(27)						(0.02)
Adjusted (Non-GAAP)			$	5,029					$	(126)					$	363					$	4,792					$	1,030					21.5		%				$	—					$	(244)					$	9					$	3,997					2.89
Net earnings from divestiture - JDEP			—						—						—						—						—												—						18						—						(18)						(0.02)
Change in equity method investee items			—						—						—						—						—												—						(2)						—						2						—
Adjusted (Non-GAAP) - As Recast			$	5,029					$	(126)					$	363					$	4,792					$	1,030					21.5		%				$	—					$	(228)					$	9					$	3,981					$	2.87
Currency																																																									324						0.24
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																									$	4,305					$	3.11
Diluted Average Shares Outstanding																																																															1385
			For the Twelve Months Ended December 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						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)			$	4,653					$	(163)					$	447					$	4,369					$	1,190					27.2		%				$	(742)					$	(393)					$	14					$	4,300					$	3.04
Simplify to Grow Program			319						(2)						—						321						83												—						—						—						238						0.17
Intangible asset impairment charges			32						—						—						32						8												—						—						—						24						0.02
Mark-to-market (gains)/losses from derivatives			(279)						—						(4)						(275)						(44)												2						—						—						(233)						(0.17)
Acquisition integration costs and contingent consideration adjustments			(40)						—						—						(40)						(12)												—						—						—						(28)						(0.02)
Acquisition-related costs			25						—						—						25						4												—						—						—						21						0.01
Net gain on acquisition and divestitures			(8)						—						—						(8)						(3)												—						—						—						(5)						—
Divestiture-related costs			22						—						—						22						8												—						—						—						14						0.01
Net earnings from divestitures			(15)						—						—						(15)						(29)												—						151						—						(137)						(0.09)
Remeasurement of net monetary position			13						—						—						13						—												—						—						—						13						0.01
Impact from pension participation changes			48						17						(11)						42						8												—						—						—						34						0.02
Loss on debt extinguishment and related expenses			—						—						(137)						137						34												—						—						—						103						0.07
Impact from resolution of tax matters			(5)						—						2						(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			—						—						—						—						—												—						(45)						—						45						0.03
Adjusted (Non-GAAP)			$	4,765					$	(148)					$	297					$	4,616					962						20.8		%				$	—					$	(287)					$	14					$	3,927					2.78
Net earnings from divestiture - JDEP			—						—						—						—						—												—						13						—						(13)						(0.01)
Change in equity method investee items			—						—						—						—						—												—						4						—						(4)						—
Adjusted (Non-GAAP) - As Recast			$	4,765					$	(148)					$	297					$	4,616					962						20.8		%				$	—					$	(270)					$	14					$	3,910					$	2.77
Diluted Average Shares Outstanding																																																															1413

(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.

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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 Three Months Ended December 31, 2022
			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)			$	834					$	(24)					$	86					$	772					$	270					35.0		%				$	3					$	(85)					$	1					$	583					$	0.42
Simplify to Grow Program			53						—						—						53						10												—						—						—						43						0.03
Mark-to-market (gains)/losses from derivatives			58						—						(43)						101						15												3						—						—						83						0.06
Acquisition integration costs and contingent consideration adjustments			40						(8)						—						48						15												—						—						—						33						0.03
Inventory step-up			5						—						—						5						2												—						—						—						3						—
Acquisition-related costs			12						—						76						(64)						(14)												—						—						—						(50)						(0.04)
Divestiture-related costs			6						—						—						6						6												—						—						—						—						—
Net earnings from divestitures			—						—						—						—						(1)												—						11						—						(10)						(0.01)
2017 malware incident net recoveries			(37)						—						—						(37)						(10)												—						—						—						(27)						(0.02)
European Commission legal matter			318						—						—						318						—												—						—						—						318						0.23
Remeasurement of net monetary position			14						—						—						14						—												—						—						—						14						0.01
Impact from pension participation changes			(1)						—						(3)						2						1												—						—						—						1						—
Initial impacts from enacted tax law changes			—						—						—						—						5												—						—						—						(5)						—
Loss on equity method investment transactions			—						—						—						—						(1)												(6)						—						—						7						0.01
Equity method investee items			—						—						—						—						—												—						19						—						(19)						(0.01)
Adjusted (Non-GAAP)			$	1,302					$	(32)					$	116					$	1,218					$	298					24.5		%				$	—					$	(55)					$	1					$	974					0.71
Net earnings from divestiture - JDEP			—						—						—						—						—												—						5						—						(5)						—
Change in equity method investee items			—						—						—						—						—												—						(1)						—						1						—
Adjusted (Non-GAAP) - As Recast			$	1,302					$	(32)					$	116					$	1,218					$	298					24.5		%				$	—					$	(51)					$	1					$	970					$	0.71
Currency																																																									72						0.05
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																									$	1,042					$	0.76
Diluted Average Shares Outstanding																																																															1375
			For the Three Months Ended December 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)			$	1,204					$	(28)					$	89					$	1,143					$	238					20.8		%				$	3					$	(103)					$	2					$	1,003					$	0.71
Simplify to Grow Program			(62)						(1)						—						(61)						(15)												—						—						—						(46)						(0.03)
Mark-to-market (gains)/losses from derivatives			(9)						—						—						(9)						(2)												—						—						—						(7)						—
Acquisition integration costs and contingent consideration adjustments			14						—						—						14						2												—						—						—						12						0.01
Acquisition-related costs			1						—						—						1						—												—						—						—						1						—
Net gain on acquisition and divestitures			1						—						—						1						(1)												—						—						—						2						—
Divestiture-related costs			22						—						—						22						8												—						—						—						14						0.01
Net earnings from divestitures			(4)						—						—						(4)						(6)												—						37						—						(35)						(0.02)
Remeasurement of net monetary position			3						—						—						3						—												—						—						—						3						—
Impact from pension participation changes			1						—						(3)						4						—												—						—						—						4						—
Initial impacts from enacted tax law changes			—						—						—						—						(5)												—						—						—						5						—
Loss on equity method investment transactions			—						—						—						—						—												(3)						—						—						3						—
Equity method investee items			—						—						—						—						—												—						(6)						—						6						0.01
Adjusted (Non-GAAP)			$	1,171					$	(29)					$	86					$	1,114					$	219					19.7		%				$	—					$	(72)					$	2					$	965					0.69
Net earnings from divestiture - JDEP			—						—						—						—						—												—						4						—						(4)						(0.01)
Change in equity method investee items			—						—						—						—						—												—						—						—						—						—
Adjusted (Non-GAAP) - As Recast			$	1,171					$	(29)					$	86					$	1,114					$	219					19.7		%				$	—					$	(68)					$	2					$	961					$	0.68
Diluted Average Shares Outstanding																																																															1405

(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 September 30, 2022
			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)			$	679					$	(30)					$	71					$	638					$	184					28.8		%				$	6					$	(85)					$	1					$	532					$	0.39
Simplify to Grow Program			16						—						—						16						3												—						—						—						13						0.01
Intangible asset impairment charges			23						—						—						23						6												—						—						—						17						0.01
Mark-to-market (gains)/losses from derivatives			186						—						69						117						22												(3)						—						—						98						0.07
Acquisition integration costs and contingent consideration adjustments			27						—						(1)						28						6												—						—						—						22						0.02
Inventory step-up			20						—						—						20						5												—						—						—						15						0.01
Acquisition-related costs			292						—						—						292						—												—						—						—						292						0.21
Divestiture-related costs			6						—						—						6						2												—						—						—						4						—
Net earnings from divestitures			—						—						—						—						(2)												—						13						—						(11)						(0.01)
Incremental costs due to war in Ukraine			(7)						—						—						(7)						(2)												—						—						—						(5)						—
Remeasurement of net monetary position			11						—						—						11						—												—						—						—						11						0.01
Impact from pension participation changes			—						—						(3)						3						1												—						—						—						2						—
Initial impacts from enacted tax law changes			—						—						—						—						(13)												—						—						—						13						0.01
Loss on equity method investment transactions			—						—						—						—						(1)												(3)						—						—						4						—
Equity method investee items			—						—						—						—						—												—						14						—						(14)						(0.01)
Adjusted (Non-GAAP)			$	1,253					$	(30)					$	136					$	1,147					$	211					18.4		%				$	—					$	(58)					$	1					$	993					0.72
Net earnings from divestiture - JDEP			—						—						—						—						—												—						5						—						(5)						—
Change in equity method investee items			—						—						—						—						—												—						(1)						—						1						—
Adjusted (Non-GAAP) - As Recast			$	1,253					$	(30)					$	136					$	1,147					$	211					18.4		%				$	—					$	(54)					$	1					$	989					$	0.72
Currency																																																									96						0.07
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																									$	1,085					$	0.79
Diluted Average Shares Outstanding																																																															1379
			For the Three Months Ended September 30, 2021
			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)			$	1,294					$	(37)					$	82					$	1,249					$	342					27.4		%				$	(250)					$	(105)					$	4					$	1,258					$	0.89
Simplify to Grow Program			127						—						—						127						32												—						—						—						95						0.06
Mark-to-market (gains)/losses from derivatives			(132)						—						—						(132)						(24)												2						—						—						(110)						(0.08)
Acquisition integration costs and contingent consideration adjustments			(57)						—						—						(57)						(15)												—						—						—						(42)						(0.03)
Net earnings from divestitures			(6)						—						—						(6)						(8)												—						38						—						(36)						(0.02)
Remeasurement of net monetary position			2						—						—						2						—												—						—						—						2						—
Impact from pension participation changes			2						3						(2)						1						—												—						—						—						1						—
Initial impacts from enacted tax law changes			—						—						—						—						4												—						—						—						(4)						—
Gain on equity method investment transactions			—						—						—						—						(59)												248						—						—						(189)						(0.13)
Equity method investee items			—						—						—						—						—												—						6						—						(6)						—
Adjusted (Non-GAAP)			$	1,230					$	(34)					$	80					$	1,184					$	272					23.0		%				$	—					$	(61)					$	4					$	969					0.69
Net earnings from divestiture - JDEP			—						—						—						—						—												—						4						—						(4)						—
Change in equity method investee items			—						—						—						—						—												—						—						—						—						—
Adjusted (Non-GAAP) - As Recast			$	1,230					$	(34)					$	80					$	1,184					$	272					23.0		%				$	—					$	(57)					$	4					$	965					$	0.69
Diluted Average Shares Outstanding																																																															1408

(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.

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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 June 30, 2022
			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)			$	927					$	(30)					$	98					$	859					$	201					23.4		%				$	8					$	(98)					$	1					$	747					$	0.54
Simplify to Grow Program			22						(1)						—						23						6												—						—						—						17						0.01
Mark-to-market (gains)/losses from derivatives			109						—						(19)						128						14												—						—						—						114						0.08
Acquisition integration costs and contingent consideration adjustments			37						—						—						37						1												—						—						—						36						0.03
Acquisition-related costs			5						—						—						5						2												—						—						—						3						—
Divestiture-related costs			5						—						—						5						1												—						—						—						4						—
Net earnings from divestitures			(3)						—						—						(3)						(7)												—						37						—						(33)						(0.03)
Incremental costs due to war in Ukraine			(15)						—						—						(15)						—												—						—						—						(15)						(0.01)
Remeasurement of net monetary position			10						—						—						10						—												—						—						—						10						0.01
Impact from pension participation changes			—						—						(2)						2						—												—						—						—						2						—
Initial impacts from enacted tax law changes			—						—						—						—						(9)												—						—						—						9						0.01
Loss on equity method investment transactions			—						—						—						—						—												(8)						—						—						8						0.01
Equity method investee items			—						—						—						—						—												—						4						—						(4)						—
Adjusted (Non-GAAP)			$	1,097					$	(31)					$	77					$	1,051					$	209					19.9		%				$	—					$	(57)					$	1					$	898					0.65
Net earnings from divestiture - JDEP			—						—						—						—						—												—						4						—						(4)						—
Change in equity method investee items			—						—						—						—						—												—						(1)						—						1						—
Rounding			—						—						—						—						—												—						—						—						—						(0.01)
Adjusted (Non-GAAP) - As Recast			$	1,097					$	(31)					$	77					$	1,051					$	209					19.9		%				$	—					$	(54)					$	1					$	895					$	0.64
Currency																																																									72						0.06
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																									$	967					$	0.70
Diluted Average Shares Outstanding																																																															1389
			For the Three Months Ended June 30, 2021
			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)			$	872					$	(54)					$	58					$	868					$	398					45.9		%				$	(502)					$	(107)					$	1					$	1,078					$	0.76
Simplify to Grow Program			132						(1)						—						133						35												—						—						—						98						0.07
Intangible asset impairment charges			32						—						—						32						8												—						—						—						24						0.02
Mark-to-market (gains)/losses from derivatives			(20)						—						(3)						(17)						4												—						—						—						(21)						(0.02)
Acquisition integration costs and contingent consideration adjustments			2						—						—						2						1												—						—						—						1						—
Acquisition-related costs			17						—						—						17						3												—						—						—						14						0.01
Net earnings from divestitures			(4)						—						—						(4)						(8)												—						36						—						(32)						(0.02)
Remeasurement of net monetary position			3						—						—						3						—												—						—						—						3						—
Impact from pension participation changes			44						14						(3)						33						7												—						—						—						26						0.02
Impact from resolution of tax matters			(5)						—						2						(7)						(1)												—						—						—						(6)						—
Initial impacts from enacted tax law changes			—						—						—						—						(95)												—						—						—						95						0.07
Gain on equity method investment transactions			—						—						—						—						(125)												502						—						—						(377)						(0.27)
Equity method investee items			—						—						—						—						—												—						(1)						—						1						—
Adjusted (Non-GAAP)			$	1,073					$	(41)					$	54					$	1,060					$	227					21.4		%				$	—					$	(72)					$	1					$	904					0.64
Net earnings from divestiture - JDEP			—						—						—						—						—												—						4						—						(4)						(0.01)
Change in equity method investee items			—						—						—						—						—												—						1						—						(1)						—
Adjusted (Non-GAAP) - As Recast			$	1,073					$	(41)					$	54					$	1,060					$	227					21.4		%				$	—					$	(67)					$	1					$	899					$	0.63
Diluted Average Shares Outstanding																																																															1416

(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 March 31, 2022
			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)			$	1,094					$	(33)					$	168					$	959					$	210					21.9		%				$	5					$	(117)					$	6					$	855					$	0.61
Simplify to Grow Program			31						—						—						31						7												—						—						—						24						0.02
Intangible asset impairment charges			78						—						—						78						19												—						—						—						59						0.04
Mark-to-market (gains)/losses from derivatives			(27)						—						1						(28)						5												—						—						—						(33)						(0.02)
Acquisition integration costs and contingent consideration adjustments			32						—						(3)						35						50												—						—						—						(15)						(0.01)
Acquisition-related costs			21						—						—						21						1												—						—						—						20						0.02
Divestiture-related costs			1						—						—						1						—												—						—						—						1						—
Net earnings from divestitures			(1)						—						—						(1)						(10)												—						53						—						(44)						(0.03)
Incremental costs due to war in Ukraine			143						—						—						143						(2)												—						—						—						145						0.11
Remeasurement of net monetary position			5						—						—						5						—												—						—						—						5						—
Impact from pension participation changes			—						—						(3)						3						1												—						—						—						2						—
Loss on debt extinguishment and related expenses			—						—						(129)						129						31												—						—						—						98						0.07
Loss on equity method investment transactions			—						—						—						—						—												(5)						—						—						5						—
Equity method investee items			—						—						—						—						—												—						(10)						—						10						—
Adjusted (Non-GAAP)			$	1,377					$	(33)					$	34					$	1,376					$	312					22.7		%				$	—					$	(74)					$	6					$	1,132					0.81
Net earnings from divestiture - JDEP			—						—						—						—						—												—						4						—						(4)						—
Change in equity method investee items			—						—						—						—						—												—						1						—						(1)						—
Adjusted (Non-GAAP) - As Recast			$	1,377					$	(33)					$	34					$	1,376					$	312					22.7		%				$	—					$	(69)					$	6					$	1,127					$	0.81
Currency																																																									84						0.06
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																									$	1,211					$	0.87
Diluted Average Shares Outstanding																																																															1398
			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 and contingent consideration adjustments			1						—						—						1						—												—						—						—						1						—
Acquisition-related costs			7						—						—						7						1												—						—						—						6						0.01
Net gain on acquisition and divestitures			(9)						—						—						(9)						(2)												—						—						—						(7)						—
Net earnings from divestitures			(1)						—						—						(1)						(7)												—						40						—						(34)						(0.02)
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
Initial impacts from enacted tax law changes			—						—						—						—						(4)												—						—						—						4						—
Loss on equity method investment transactions			—						—						—						—						—												(7)						—						—						7						—
Equity method investee items			—						—						—						—						—												—						(44)						—						44						0.03
Adjusted (Non-GAAP)			$	1,291					$	(44)					$	77					$	1,258					$	244					19.4		%				$	—					$	(82)					$	7					$	1,089					0.77
Net earnings from divestiture - JDEP			—						—						—						—						—												—						1						—						(1)						(0.01)
Change in equity method investee items			—						—						—						—						—												—						3						—						(3)						—
Adjusted (Non-GAAP) - As Recast			$	1,291					$	(44)					$	77					$	1,258					$	244					19.4		%				$	—					$	(78)					$	7					$	1,085					$	0.76
Diluted Average Shares Outstanding																																																															1422

(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 Twelve Months Ended December 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						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)			$	4,653					$	(163)					$	447					$	4,369					$	1,190					27.2		%				$	(742)					$	(393)					$	14					$	4,300					$	3.04
Simplify to Grow Program			319						(2)						—						321						83												—						—						—						238						0.17
Intangible asset impairment charges			32						—						—						32						8												—						—						—						24						0.02
Mark-to-market (gains)/losses from derivatives			(279)						—						(4)						(275)						(44)												2						—						—						(233)						(0.17)
Acquisition integration costs and contingent consideration adjustments			(40)						—						—						(40)						(12)												—						—						—						(28)						(0.02)
Acquisition-related costs			25						—						—						25						4												—						—						—						21						0.01
Net gain on acquisition and divestitures			(8)						—						—						(8)						(3)												—						—						—						(5)						—
Divestiture-related costs			22						—						—						22						8												—						—						—						14						0.01
Net earnings from divestitures			(15)						—						—						(15)						(29)												—						151						—						(137)						(0.09)
Remeasurement of net monetary position			13						—						—						13						—												—						—						—						13						0.01
Impact from pension participation changes			48						17						(11)						42						8												—						—						—						34						0.02
Loss on debt extinguishment and related expenses			—						—						(137)						137						34												—						—						—						103						0.07
Impact from resolution of tax matters			(5)						—						2						(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			—						—						—						—						—												—						(45)						—						45						0.03
Adjusted (Non-GAAP)			$	4,765					$	(148)					$	297					$	4,616					$	962					20.8		%				$	—					$	(287)					$	14					$	3,927					2.78
Net earnings from divestiture - JDEP			—						—						—						—						—												—						13						—						(13)						(0.01)
Change in equity method investee items			—						—						—						—						—												—						4						—						(4)						—
Adjusted (Non-GAAP) - As Recast			$	4,765					$	(148)					$	297					$	4,616					$	962					20.8		%				$	—					$	(270)					$	14					$	3,910					$	2.77
Currency																																																									(118)						(0.09)
Adjusted @ Constant FX (Non-GAAP) - As Recast																																																									$	3,792					$	2.68
Diluted Average Shares Outstanding																																																															1413
			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			(2)						—						—						(2)						(31)												—						210						—						(181)						(0.12)
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
Loss related to interest rate swaps			—						—						(103)						103						24												—						—						—						79						0.05
Loss on debt extinguishment and related expenses			—						—						(185)						185						46												—						—						—						139						0.10
Impact from resolution of tax matters			(20)						—						28						(48)						(16)												—						—						—						(32)						(0.02)
Initial impacts from enacted tax law changes			—						—						—						—						(36)												—						—						—						36						0.02
Gain on equity method investment transactions			—						—						—						—						(202)												989						—						—						(787)						(0.55)
Equity method investee items			—						—						—						—						—												—						(53)						—						53						0.04
Adjusted (Non-GAAP)			$	4,399					$	(141)					$	340					$	4,200					$	869					20.7		%				$	—					$	(264)					$	14					$	3,581					2.49
Net earnings from divestiture - JDEP			—						—						—						—						—												—						10						—						(10)						(0.01)
Change in equity method investee items			—						—						—						—						—												—						5						—						(5)						(0.01)
Adjusted (Non-GAAP) - As Recast			$	4,399					$	(141)					$	340					$	4,200					$	869					20.7		%				$	—					$	(249)					$	14					$	3,566					$	2.47
Diluted Average Shares Outstanding																																																															1441

(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 Six Months Ended June 30,
			2023						2022						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	2.20					$	1.15					$	1.05					91.3		%
Simplify to Grow Program			0.03						0.03						—
Intangible asset impairment charges			—						0.04						(0.04)
Mark-to-market (gains)/losses from derivatives			(0.14)						0.06						(0.20)
Acquisition integration costs and contingent consideration adjustments			0.04						0.02						0.02
Acquisition-related costs			—						0.02						(0.02)
Divestiture-related costs			0.03						—						0.03
Net earnings from divestitures			(0.01)						(0.05)						0.04
Incremental costs due to war in Ukraine			—						0.09						(0.09)
Remeasurement of net monetary position			0.03						0.01						0.02
Loss on debt extinguishment and related expenses			—						0.07						(0.07)
Initial impacts from enacted tax law changes			—						0.01						(0.01)
Gain on marketable securities			(0.32)						—						(0.32)
(Gain)/loss on equity method investment transactions			(0.25)						0.01						(0.26)
Equity method investee items			0.04						—						0.04
Adjusted EPS (Non-GAAP)			$	1.65					$	1.46					$	0.19					13.0		%
Net earnings from divestiture - JDEP			(0.01)						(0.01)						—
Change in equity method investee items			—						—						—
Adjusted EPS (Non-GAAP) - As Recast			$	1.64					$	1.45					$	0.19					13.1		%
Impact of unfavorable currency			0.10						—						0.10
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	1.74					$	1.45					$	0.29					20.0		%

---

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 June 30,
			2023						2022						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	0.69					$	0.54					$	0.15					27.8		%
Simplify to Grow Program			0.01						0.01						—
Mark-to-market (gains)/losses from derivatives			(0.11)						0.08						(0.19)
Acquisition integration costs and contingent consideration adjustments			0.01						0.03						(0.02)
Divestiture-related costs			0.01						—						0.01
Net earnings from divestitures			—						(0.03)						0.03
Incremental costs due to war in Ukraine			—						(0.01)						0.01
Remeasurement of net monetary position			0.02						0.01						0.01
Initial impacts from enacted tax law changes			—						0.01						(0.01)
Loss on marketable securities			0.11						—						0.11
Loss on equity method investment transactions			0.02						0.01						0.01
Adjusted EPS (Non-GAAP)			$	0.76					$	0.65					$	0.11					16.9		%
Net earnings from divestiture - JDEP			(0.01)						—						(0.01)
Change in equity method investee items			—						—						—
Rounding			—						(0.01)						0.01
Adjusted EPS (Non-GAAP) - As Recast			$	0.75					$	0.64					$	0.11					17.2		%
Impact of unfavorable currency			0.04						—						0.04
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	0.79					$	0.64					$	0.15					23.4		%

---

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 March 31,
			2023						2022						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	1.52					$	0.61					$	0.91					149.2		%
Simplify to Grow Program			0.02						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 adjustments			0.03						(0.01)						0.04
Acquisition-related costs			—						0.02						(0.02)
Divestiture-related costs			0.02						—						0.02
Net earnings from divestitures			(0.02)						(0.03)						0.01
Incremental costs due to war in Ukraine			—						0.11						(0.11)
Remeasurement of net monetary position			0.01						—						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 items			0.03						—						0.03
Adjusted EPS (Non-GAAP)			$	0.89					$	0.81					$	0.08					9.9		%
Net earnings from divestiture - JDEP			—						—						—
Change in equity method investee items			—						—						—
Adjusted EPS (Non-GAAP) - As Recast			$	0.89					$	0.81					$	0.08					9.9		%
Impact of unfavorable currency			0.06						—						0.06
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	0.95					$	0.81					$	0.14					17.3		%

---

Exhibit 99.1

Schedule 2.d

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

			For the Twelve Months Ended December 31,
			2022						2021						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	1.96					$	3.04					$	(1.08)					(35.5)		%
Simplify to Grow Program			0.07						0.17						(0.10)
Intangible asset impairment charges			0.05						0.02						0.03
Mark-to-market (gains)/losses from derivatives			0.19						(0.17)						0.36
Acquisition integration costs and contingent consideration adjustments			0.05						(0.02)						0.07
Inventory step-up			0.01						—						0.01
Acquisition-related costs			0.19						0.01						0.18
Divestiture-related costs			0.01						0.01						—
Net earnings from divestitures			(0.06)						(0.09)						0.03
2017 malware incident net recoveries			(0.02)						—						(0.02)
European Commission legal matter			0.23						—						0.23
Incremental costs due to war in Ukraine			0.09						—						0.09
Remeasurement of net monetary position			0.03						0.01						0.02
Impact from pension participation changes			0.01						0.02						(0.01)
Loss on debt extinguishment and related expenses			0.07						0.07						—
Initial impacts from enacted tax law changes			0.01						0.07						(0.06)
Loss/(gain) on equity method investment transactions			0.02						(0.39)						0.41
Equity method investee items			(0.02)						0.03						(0.05)
Adjusted EPS (Non-GAAP)			$	2.89					$	2.78					$	0.11					4.0		%
Net earnings from divestiture - JDEP			(0.02)						(0.01)						(0.01)
Change in equity method investee items			—						—						—
Adjusted EPS (Non-GAAP) - As Recast			$	2.87					$	2.77					$	0.10					3.6		%
Impact of unfavorable currency			0.24						—						0.24
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	3.11					$	2.77					$	0.34					12.3		%

---

Exhibit 99.1

Schedule 2.e

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

			For the Three Months Ended December 31,
			2022						2021						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	0.42					$	0.71					$	(0.29)					(40.8)		%
Simplify to Grow Program			0.03						(0.03)						0.06
Mark-to-market (gains)/losses from derivatives			0.06						—						0.06
Acquisition integration costs and contingent consideration adjustments			0.03						0.01						0.02
Acquisition-related costs			(0.04)						—						(0.04)
Divestiture-related costs			—						0.01						(0.01)
Net earnings from divestitures			(0.01)						(0.02)						0.01
2017 malware incident net recoveries			(0.02)						—						(0.02)
European Commission legal matter			0.23						—						0.23
Remeasurement of net monetary position			0.01						—						0.01
Loss on equity method investment transactions			0.01						—						0.01
Equity method investee items			(0.01)						0.01						(0.02)
Adjusted EPS (Non-GAAP)			$	0.71					$	0.69					$	0.02					2.9		%
Net earnings from divestiture - JDEP			—						(0.01)						0.01
Change in equity method investee items			—						—						—
Adjusted EPS (Non-GAAP) - As Recast			$	0.71					$	0.68					$	0.03					4.4		%
Impact of unfavorable currency			0.05						—						0.05
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	0.76					$	0.68					$	0.08					11.8		%

---

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 September 30,
			2022						2021						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	0.39					$	0.89					$	(0.50)					(56.2)		%
Simplify to Grow Program			0.01						0.06						(0.05)
Intangible asset impairment charges			0.01						—						0.01
Mark-to-market (gains)/losses from derivatives			0.07						(0.08)						0.15
Acquisition integration costs and contingent consideration adjustments			0.02						(0.03)						0.05
Inventory step-up			0.01						—						0.01
Acquisition-related costs			0.21						—						0.21
Net earnings from divestitures			(0.01)						(0.02)						0.01
Remeasurement of net monetary position			0.01						—						0.01
Initial impacts from enacted tax law changes			0.01						—						0.01
Gain on equity method investment transactions			—						(0.13)						0.13
Equity method investee items			(0.01)						—						(0.01)
Adjusted EPS (Non-GAAP)			$	0.72					$	0.69					$	0.03					4.3		%
Net earnings from divestiture - JDEP			—						—						—
Change in equity method investee items			—						—						—
Adjusted EPS (Non-GAAP) - As Recast			$	0.72					$	0.69					$	0.03					4.3		%
Impact of unfavorable currency			0.07						—						0.07
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	0.79					$	0.69					$	0.10					14.5		%

---

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 June 30,
			2022						2021						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	0.54					$	0.76					$	(0.22)					(28.9)		%
Simplify to Grow Program			0.01						0.07						(0.06)
Intangible asset impairment charges			—						0.02						(0.02)
Mark-to-market (gains)/losses from derivatives			0.08						(0.02)						0.10
Acquisition integration costs and contingent consideration adjustments			0.03						—						0.03
Acquisition-related costs			—						0.01						(0.01)
Net earnings from divestitures			(0.03)						(0.02)						(0.01)
Incremental costs due to war in Ukraine			(0.01)						—						(0.01)
Remeasurement of net monetary position			0.01						—						0.01
Impact from pension participation changes			—						0.02						(0.02)
Initial impacts from enacted tax law changes			0.01						0.07						(0.06)
Loss/(gain) on equity method investment transactions			0.01						(0.27)						0.28
Adjusted EPS (Non-GAAP)			$	0.65					$	0.64					$	0.01					1.6		%
Net earnings from divestiture - JDEP			—						(0.01)						0.01
Change in equity method investee items			—						—						—
Rounding			(0.01)						—						(0.01)
Adjusted EPS (Non-GAAP) - As Recast			$	0.64					$	0.63					$	0.01					1.6		%
Impact of unfavorable currency			0.06						—						0.06
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	0.70					$	0.63					$	0.07					11.1		%

---

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 March 31,
			2022						2021						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	0.61					$	0.68					$	(0.07)					(10.3)		%
Simplify to Grow Program			0.02						0.07						(0.05)
Intangible asset impairment charges			0.04						—						0.04
Mark-to-market (gains)/losses from derivatives			(0.02)						(0.07)						0.05
Acquisition integration costs and contingent consideration adjustments			(0.01)						—						(0.01)
Acquisition-related costs			0.02						0.01						0.01
Net earnings from divestitures			(0.03)						(0.02)						(0.01)
Incremental costs due to war in Ukraine			0.11						—						0.11
Loss on debt extinguishment and related expenses			0.07						0.07						—
Equity method investee items			—						0.03						(0.03)
Adjusted EPS (Non-GAAP)			$	0.81					$	0.77					$	0.04					5.2		%
Net earnings from divestiture - JDEP			—						(0.01)						0.01
Change in equity method investee items			—						—						—
Adjusted EPS (Non-GAAP) - As Recast			$	0.81					$	0.76					$	0.05					6.6		%
Impact of unfavorable currency			0.06						—						0.06
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	0.87					$	0.76					$	0.11					14.5		%

---

Exhibit 99.1

Schedule 2.i

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

			For the Twelve Months Ended December 31,
			2021						2020						$ Change						% Change
Diluted EPS attributable to Mondelēz International (GAAP)			$	3.04					$	2.47					$	0.57					23.1		%
Simplify to Grow Program			0.17						0.20						(0.03)
Intangible asset impairment charges			0.02						0.08						(0.06)
Mark-to-market (gains)/losses from derivatives			(0.17)						(0.01)						(0.16)
Acquisition integration costs and contingent consideration adjustments			(0.02)						—						(0.02)
Acquisition-related costs			0.01						0.01						—
Divestiture-related costs			0.01						—						0.01
Net earnings from divestitures			(0.09)						(0.12)						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			0.02						0.01						0.01
Loss related to interest rate swaps			—						0.05						(0.05)
Loss on debt extinguishment and related expenses			0.07						0.10						(0.03)
Impact from resolution of tax matters			—						(0.02)						0.02
Initial impacts from enacted tax law changes			0.07						0.02						0.05
Gain on equity method investment transactions			(0.39)						(0.55)						0.16
Equity method investee items			0.03						0.04						(0.01)
Adjusted EPS (Non-GAAP)			$	2.78					$	2.49					$	0.29					11.6		%
Net earnings from divestiture - JDEP			(0.01)						(0.01)						—
Change in equity method investee items			—						(0.01)						0.01
Adjusted EPS (Non-GAAP) - As Recast			$	2.77					$	2.47					$	0.30					12.1		%
Impact of favorable currency			(0.09)						—						(0.09)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast			$	2.68					$	2.47					$	0.21					8.5		%