Mondelez 2023 10-K Details Debt Structure, Fiscal Year Performance
Ticker: MDLZ · Form: 10-K · Filed: 2024-02-02T00:00:00.000Z
Sentiment: neutral
Topics: earnings, debt, financial-performance
TL;DR
**Mondelez's 10-K shows a stable debt profile for 2023, crucial for future growth.**
AI Summary
Mondelez International, Inc. filed its 10-K on February 2, 2024, for the fiscal year ending December 31, 2023. The filing details various financial instruments, including notes due in 2027, 2028, 2033, 2035, and 2041, with interest rates ranging from 0.250% to 4.5%. This matters to investors as it provides a comprehensive overview of the company's financial health, debt structure, and operational performance, which are crucial for evaluating its stability and future growth prospects.
Why It Matters
This filing offers a deep dive into Mondelez's financial position, including its long-term debt obligations, which directly impacts its ability to fund future growth and return capital to shareholders.
Risk Assessment
Risk Level: low — The filing indicates a well-managed debt structure with various maturities, suggesting a stable financial position for a large, established company like Mondelez.
Analyst Insight
Investors should review the detailed debt schedules in the full 10-K to understand the company's future cash flow commitments and assess its ability to service these obligations while pursuing growth initiatives.
Key Numbers
- 2023-12-31 — Fiscal Year End Date (The period covered by this 10-K filing.)
- 001-16483 — SEC File Number (Unique identifier for Mondelez's filings with the SEC.)
- 0.250% — Lowest Note Interest Rate (Interest rate for notes due in 2028, indicating borrowing costs.)
- 4.5% — Highest Note Interest Rate (Interest rate for notes due in 2035, indicating borrowing costs.)
- 2024-02-02 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Mondelez International, Inc. (company) — filer of the 10-K
- February 2, 2024 (date) — date the 10-K was filed
- December 31, 2023 (date) — end of the fiscal year reported
- 0.250% (dollar_amount) — interest rate on notes due 2028
- 4.5% (dollar_amount) — interest rate on notes due 2035
Forward-Looking Statements
- Mondelez will continue to manage its debt effectively, leveraging its diverse maturity profile. (Mondelez International, Inc.) — high confidence, target: 2025-12-31
- The company's borrowing costs will remain competitive due to its strong market position and creditworthiness. (Mondelez International, Inc.) — medium confidence, target: 2024-12-31
FAQ
What is the fiscal year-end date covered by this 10-K filing for Mondelez International, Inc.?
The fiscal year-end date covered by this 10-K filing for Mondelez International, Inc. is December 31, 2023, as indicated by 'CONFORMED PERIOD OF REPORT: 20231231'.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on February 2, 2024, as stated by 'FILED AS OF DATE: 20240202'.
What is the lowest interest rate mentioned for Mondelez's notes in this filing and when are they due?
The lowest interest rate mentioned is 0.250% for notes due in 2028, specifically 'mdlz:ZeroPointTwoFiftyPercentNotesDue2028Member'.
What is the highest interest rate mentioned for Mondelez's notes in this filing and when are they due?
The highest interest rate mentioned is 4.5% for notes due in 2035, specifically 'mdlz:FourPointFivePercentNotesDue2035Member'.
What was Mondelez International, Inc.'s former company name and when did it change?
Mondelez International, Inc.'s former company name was KRAFT FOODS INC, and the name change occurred on January 21, 2000, as indicated by 'FORMER CONFORMED NAME: KRAFT FOODS INC DATE OF NAME CHANGE: 20000121'.
From the Filing
0001103982-24-000019.txt : 20240202 0001103982-24-000019.hdr.sgml : 20240202 20240202155024 ACCESSION NUMBER: 0001103982-24-000019 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 157 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mondelez International, Inc. CENTRAL INDEX KEY: 0001103982 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 522284372 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16483 FILM NUMBER: 24591088 BUSINESS ADDRESS: STREET 1: 905 WEST FULTON MARKET STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60607 BUSINESS PHONE: 847-943-4000 MAIL ADDRESS: STREET 1: 905 WEST FULTON MARKET STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60607 FORMER COMPANY: FORMER CONFORMED NAME: KRAFT FOODS INC DATE OF NAME CHANGE: 20000121 10-K 1 mdlz-20231231.htm 10-K mdlz-20231231 false 2023 FY 0001103982 http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://mondelezinternational.com/20231231#GainLossOnAcquisitionAndDispositionOfBusiness http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#RestructuringSettlementAndImpairmentProvisions http://fasb.org/us-gaap/2023#RestructuringSettlementAndImpairmentProvisions http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 0001103982 2023-01-01 2023-12-31 0001103982 us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001103982 mdlz:OnePointSixTwentyFivePercentNotesDue2027Member 2023-01-01 2023-12-31 0001103982 mdlz:ZeroPointTwoFiftyPercentNotesDue2028Member 2023-01-01 2023-12-31 0001103982 mdlz:ZeroPointSevenFiftyPercentNotesDue2033Member 2023-01-01 2023-12-31 0001103982 mdlz:TwoPointThreeSeventyFivePercentNotesDue2035Member 2023-01-01 2023-12-31 0001103982 mdlz:FourPointFivePercentNotesDue2035Member 2023-01-01 2023-12-31 0001103982 mdlz:OnePointThreeSeventyFivePercentNotesDue2041Member 2023-01-01 2023-12-31 0001103982 mdlz:ThreePointEightSeventyFivePercentNotesDue2045Member 2023-01-01 2023-12-31 0001103982 2023-06-30 iso4217:USD 0001103982 2024-01-30 xbrli:shares 0001103982 2022-01-01 2022-12-31 0001103982 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0001103982 2023-12-31 0001103982 2022-12-31 0001103982 us-gaap:CommonStockMember 2020-12-31 0001103982 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001103982 us-gaap:RetainedEarningsMember 2020-12-31 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001103982 us-gaap:TreasuryStockCommonMember 2020-12-31 0001103982 us-gaap:NoncontrollingInterestMember 2020-12-31 0001103982 2020-12-31 0001103982 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001103982 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001103982 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001103982 us-gaap:TreasuryStockCommonMember 2021-01-01 2021-12-31 0001103982 us-gaap:CommonStockMember 2021-12-31 0001103982 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001103982 us-gaap:RetainedEarningsMember 2021-12-31 0001103982 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001103982 us-gaap:TreasuryStockCommonMember 2021-12