Mondelez Files 8-K on Debt Notes, Regulatory Disclosure

TL;DR

**Mondelez filed a routine 8-K on Jan 30, 2024, detailing existing debt notes and regulatory disclosures.**

AI Summary

Mondelez International, Inc. filed an 8-K on January 30, 2024, primarily to disclose information under Regulation FD and to file exhibits related to various notes, including 1.625% Notes due 2027 and 3.875% Notes due 2045. This filing indicates routine compliance and transparency regarding its outstanding debt instruments. For investors, this matters because it confirms Mondelez is actively managing its debt portfolio and maintaining regulatory transparency, which is a positive sign for corporate governance.

Why It Matters

This filing demonstrates Mondelez's ongoing commitment to regulatory transparency and active management of its debt obligations, which are crucial for investor confidence and financial stability.

Risk Assessment

Risk Level: low — This 8-K is a routine regulatory filing for disclosure purposes and does not indicate any new or significant financial risks.

Analyst Insight

A smart investor would view this as a routine compliance filing, indicating stable corporate governance and debt management, and would not make immediate trading decisions based solely on this information. It reinforces the company's commitment to transparency.

Key Numbers

• 1.625% — Interest Rate (for Notes Due 2027, indicating cost of debt)
• 0.250% — Interest Rate (for Notes Due 2028, indicating cost of debt)
• 0.750% — Interest Rate (for Notes Due 2033, indicating cost of debt)
• 2.375% — Interest Rate (for Notes Due 2035, indicating cost of debt)
• 4.5% — Interest Rate (for Notes Due 2035, indicating cost of debt)
• 1.375% — Interest Rate (for Notes Due 2041, indicating cost of debt)
• 3.875% — Interest Rate (for Notes Due 2045, indicating cost of debt)

Key Players & Entities

• Mondelez International, Inc. (company) — the registrant filing the 8-K
• January 30, 2024 (date) — date of earliest event reported and filing date
• 1.625% (dollar_amount) — interest rate for notes due 2027
• 2027 (date) — maturity year for specific notes
• 3.875% (dollar_amount) — interest rate for notes due 2045
• 2045 (date) — maturity year for specific notes

Forward-Looking Statements

• Mondelez will continue to issue and manage various debt instruments as part of its capital structure strategy. (Mondelez International, Inc.) — high confidence, target: 2025-01-30
• The company will maintain its current level of regulatory transparency regarding its financial instruments. (Mondelez International, Inc.) — high confidence, target: 2025-01-30

FAQ

Key Financial Figures

• $62 million — e received cash proceeds of 57 million ($62 million) and recorded a loss of 3 million ($4 m
• $4 million — lion) and recorded a loss of 3 million ($4 million) for these sales during the three month
• $1.4 b — 2023. We received net cash proceeds of $1.4 billion, subject to certain closing adjus
• $28,720 — 1 Q2 Q3 Reported (GAAP) Net Revenues $28,720 $31,496 $26,702 $7,238 $6,642 $7,182 $7
• $31,496 — Reported (GAAP) Net Revenues $28,720 $31,496 $26,702 $7,238 $6,642 $7,182 $7,658 $7,
• $26,702 — ed (GAAP) Net Revenues $28,720 $31,496 $26,702 $7,238 $6,642 $7,182 $7,658 $7,764 $7,2
• $7,238 — ) Net Revenues $28,720 $31,496 $26,702 $7,238 $6,642 $7,182 $7,658 $7,764 $7,274 $7,7
• $6,642 — Revenues $28,720 $31,496 $26,702 $7,238 $6,642 $7,182 $7,658 $7,764 $7,274 $7,763 $8,6
• $7,182 — s $28,720 $31,496 $26,702 $7,238 $6,642 $7,182 $7,658 $7,764 $7,274 $7,763 $8,695 $9,1
• $7,658 — 20 $31,496 $26,702 $7,238 $6,642 $7,182 $7,658 $7,764 $7,274 $7,763 $8,695 $9,166 $8,5
• $7,764 — 496 $26,702 $7,238 $6,642 $7,182 $7,658 $7,764 $7,274 $7,763 $8,695 $9,166 $8,507 $9,0
• $7,274 — ,702 $7,238 $6,642 $7,182 $7,658 $7,764 $7,274 $7,763 $8,695 $9,166 $8,507 $9,029 Gro
• $7,763 — ,238 $6,642 $7,182 $7,658 $7,764 $7,274 $7,763 $8,695 $9,166 $8,507 $9,029 Gross Prof
• $8,695 — ,642 $7,182 $7,658 $7,764 $7,274 $7,763 $8,695 $9,166 $8,507 $9,029 Gross Profit 11,2
• $9,166 — ,182 $7,658 $7,764 $7,274 $7,763 $8,695 $9,166 $8,507 $9,029 Gross Profit 11,254 11,3

Filing Documents

• mdlz-20240130.htm (8-K) — 141KB
• a991-spear13024.htm (EX-99.1) — 6721KB
• exhibit992-spear13024.htm (EX-99.2) — 31KB
• 0001103982-24-000010.txt ( ) — 7333KB
• mdlz-20240130.xsd (EX-101.SCH) — 4KB
• mdlz-20240130_def.xml (EX-101.DEF) — 18KB
• mdlz-20240130_lab.xml (EX-101.LAB) — 39KB
• mdlz-20240130_pre.xml (EX-101.PRE) — 19KB
• mdlz-20240130_htm.xml (XML) — 8KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. Mondelz International, Inc. and subsidiaries (collectively, "we," "our" or "Mondelz International") are furnishing this current report to provide supplemental non-GAAP financial information related to the retrospective impact of (1) our sales of JDE Peet's ("JDEP") shares during the quarter ended September 30, 2023, and (2) the sale of our developed market gum business on October 1, 2023. Due to our reporting of JDEP's results on a one-quarter lag basis, the impact of the sale of JDEP shares will affect our non-GAAP financial results beginning with the fourth quarter ended December 31, 2023. Consistent with our definitions of our non-GAAP financial measures, we will reflect this partial sale of our equity method investment in JDEP and the sale of our developed market gum business as divestitures. These changes will result in the recasting of our historical non-GAAP financial results and provides additional information to facilitate comparisons of historical operating results, identify trends in our underlying operating results and provide additional insight and transparency on how we evaluate our business. Change to our Historical Non-GAAP Financial Results in Connection with our Sales of JDEP Shares As previously disclosed in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, on March 30, 2023, we issued options to sell shares of JDEP in tranches equivalent to approximately 7.7 million shares. These options were exercisable at their maturities which were between July 3, 2023 and September 29, 2023, with strike prices ranging from 26.10 to 28.71 per share. During the three months ended September 30, 2023, options were exercised on 2.2 million shares, which reduced our ownership by 0.4 percentage point, from 18.1% to 17.7% of the total outstanding shares. We received cash proceeds of 57 million ($62 million) and recorded a loss of 3 million ($4 million) for these sales during the three months ended

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Financial schedules – Unaudited GAAP and Non-GAAP Financial Information. 99.2 Non-GAAP Financial Measures - Additional Information 104 The cover page from Mondelz International, Inc.'s Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101). 4

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MONDELZ INTERNATIONAL, INC. By: /s/ Luca Zaramella Name: Luca Zaramella Title: Executive Vice President and Chief Financial Officer Date: January 30, 2024 5

View Full Filing

View this 8-K filing on SEC EDGAR