Mondelez Q3 2024 10-Q Filed

TL;DR

MDLZ Q3 2024 10-Q is in, showing debt instruments and financial performance.

AI Summary

Mondelez International, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial instruments, including various notes due between 2027 and 2045, are listed, indicating ongoing debt management.

Why It Matters

This filing provides investors with a quarterly update on Mondelez's financial health and strategic direction, impacting consumer staples sector investments.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 2027 — Notes Due (Maturity year for a series of notes)
• 2028 — Notes Due (Maturity year for a series of notes)
• 2033 — Notes Due (Maturity year for a series of notes)
• 2035 — Notes Due (Maturity year for a series of notes)
• 2041 — Notes Due (Maturity year for a series of notes)
• 2045 — Notes Due (Maturity year for a series of notes)

Key Players & Entities

• Mondelez International, Inc. (company) — Filer
• 20240930 (date) — Reporting period end date
• 20241029 (date) — Filing date
• 905 WEST FULTON MARKET STREET (address) — Business and mailing address
• CHICAGO (location) — City of business address
• IL (location) — State of business address
• 60607 (zip_code) — Zip code of business address
• 847-943-4000 (phone_number) — Business phone number
• KRAFT FOODS INC (company) — Former company name
• 20000121 (date) — Date of former company name change

FAQ

Filing Documents

• mdlz-20240930.htm (10-Q) — 2333KB
• ex311_93024.htm (EX-31.1) — 9KB
• ex312_93024.htm (EX-31.2) — 9KB
• ex321_93024.htm (EX-32.1) — 7KB
• mdlz-20240930_g1.jpg (GRAPHIC) — 39KB
• mdlz-20240930_g2.jpg (GRAPHIC) — 35KB
• 0001103982-24-000104.txt ( ) — 12165KB
• mdlz-20240930.xsd (EX-101.SCH) — 69KB
• mdlz-20240930_cal.xml (EX-101.CAL) — 91KB
• mdlz-20240930_def.xml (EX-101.DEF) — 431KB
• mdlz-20240930_lab.xml (EX-101.LAB) — 854KB
• mdlz-20240930_pre.xml (EX-101.PRE) — 648KB
• mdlz-20240930_htm.xml (XML) — 2215KB

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Condensed Consolidated Statements of Earnings for the Three and Nine Months Ended September 30, 2024 and 2023 1 Condensed Consolidated Statements of Comprehensive Earnings for the Three and Nine Months Ended September 30, 2024 and 2023 2 Condensed Consolidated Balance Sheets at September 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Equity for the Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 55

Controls and Procedures

Item 4. Controls and Procedures 55 PART II OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 56

Risk Factors

Item 1A. Risk Factors 56

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 56

Other Information

Item 5. Other Information 56

Exhibits

Item 6. Exhibits 57 Signature 58 In this report, for all periods presented, "we," "us," "our," "the Company" and "Mondelz International" refer to Mondelz International, Inc. and subsidiaries. References to "Common Stock" refer to our Class A Common Stock. Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Mondelz International, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings (in millions of U.S. dollars, except per share data) (Unaudited) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2024 2023 2024 2023 Net revenues $ 9,204 $ 9,029 $ 26,837 $ 26,702 Cost of sales ( 6,205 ) ( 5,535 ) ( 16,291 ) ( 16,408 ) Gross profit 2,999 3,494 10,546 10,294 Selling, general and administrative expenses ( 1,630 ) ( 2,019 ) ( 5,459 ) ( 5,743 ) Asset impairment and exit costs ( 176 ) ( 58 ) ( 238 ) ( 128 ) Amortization of intangible assets ( 40 ) ( 38 ) ( 115 ) ( 114 ) Operating income 1,153 1,379 4,734 4,309 Benefit plan non-service income 25 19 76 60 Interest and other expense, net ( 46 ) ( 66 ) ( 146 ) ( 258 ) (Loss)/gain on marketable securities — ( 1 ) — 606 Earnings before income taxes 1,132 1,331 4,664 4,717 Income tax provision ( 326 ) ( 354 ) ( 1,253 ) ( 1,280 ) (Loss)/gain on equity method investment transactions including impairments ( 4 ) 1 ( 669 ) 465 Equity method investment net earnings 54 10 133 116 Net earnings 856 988 2,875 4,018 less: Noncontrolling interest earnings ( 3 ) ( 4 ) ( 9 ) ( 9 ) Net earnings attributable to Mondelz International $ 853 $ 984 $ 2,866 $ 4,009 Per share data: Basic earnings per share attributable to Mondelz International $ 0.64 $ 0.72 $ 2.13 $ 2.94 Diluted earnings per share attributable to Mondelz International $ 0.63 $ 0.72 $ 2.12 $ 2.92 See accompanying notes to the condensed consolidated financial statements. 1 Table of Contents Mondelz International, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Earnings (in millions of U.S. dollars) (Unaudited) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2024 2023 2024 2023 Net earnings $ 856 $ 988 $ 2,875 $ 4,018 Other comprehensive earnings/(losses), net of tax: Currency translation adjustment — ( 570 ) (

View Full Filing

View this 10-Q filing on SEC EDGAR