Mondelez International (MDLZ) 10-Q 26 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 20, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	MDLZ
Entity Registrant Name	Mondelez International, Inc.
Entity Central Index Key	1,103,982
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,466,560,999

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017		Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Net revenues		$ 6,112	$ 5,986	[1]	$ 12,877	$ 12,400	[1]
Cost of sales		3,572	3,672		7,488	7,568
Gross profit		2,540	2,314		5,389	4,832
Selling, general and administrative expenses		1,904	1,455		3,431	2,938
Asset impairment and exit costs		111	176		165	342
Loss on divestiture		0	3		0	3
Amortization of intangibles		44	44		88	88
Operating income		481	636		1,705	1,461
Benefit plan non-service income	[2]	(15)	(5)		(28)	(20)
Interest and other expense, net		248	124		328	243
Earnings before income taxes		248	517		1,405	1,238
Provision for income taxes		(14)	(84)		(321)	(238)
Equity method investment net earnings		91	67		185	133
Net earnings		325	500		1,269	1,133
Noncontrolling interest earnings		(2)	(2)		(8)	(5)
Net earnings attributable to Mondelēz International		$ 323	$ 498		$ 1,261	$ 1,128
Per share data:
Basic earnings per share attributable to Mondeléz International (in dollars per share)		$ 0.22	$ 0.33		$ 0.85	$ 0.74
Diluted earnings per share attributable to Mondélez International (in dollars per share)		0.22	0.32		0.84	0.73
Dividends declared (in dollars per share)		$ 0.22	$ 0.19		$ 0.44	$ 0.38
[1]	During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.
[2]	During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line item, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income and segment operating income to reflect this reclassification, which had no impact to earnings before income taxes or net earnings.

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 325	$ 500	$ 1,269	$ 1,133
Other comprehensive earnings/(losses), net of tax:
Currency translation adjustment	(874)	380	(667)	923
Pension and other benefit plans	168	(33)	162	(32)
Derivative cash flow hedges	26	12	(20)	30
Total other comprehensive earnings/(losses)	(680)	359	(525)	921
Comprehensive earnings/(losses)	(355)	859	744	2,054
less: Comprehensive earnings/(losses) attributable to noncontrolling interests	(10)	14	11	21
Comprehensive earnings/(losses) attributable to Mondelēz International	$ (345)	$ 845	$ 733	$ 2,033

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 1,246	$ 761
Trade receivables (net of allowances of $40 at June 30, 2018 and $50 at December 31, 2017)	2,416	2,691
Other receivables (net of allowances of $61 at June 30, 2018 and $98 at December 31, 2017)	818	835
Inventories, net	2,683	2,557
Other current assets	1,039	676
Total current assets	8,202	7,520
Property, plant and equipment, net	8,384	8,677
Goodwill	21,002	21,085
Intangible assets, net	18,362	18,639
Prepaid pension assets	169	158
Deferred income taxes	259	319
Equity method investments	6,223	6,345
Other assets	373	366
TOTAL ASSETS	62,974	63,109
LIABILITIES
Short-term borrowings	4,074	3,517
Current portion of long-term debt	780	1,163
Accounts payable	5,248	5,705
Accrued marketing	1,587	1,728
Accrued employment costs	614	721
Other current liabilities	2,529	2,959
Total current liabilities	14,832	15,793
Long-term debt	14,857	12,972
Deferred income taxes	3,395	3,376
Accrued pension costs	1,389	1,669
Accrued postretirement health care costs	395	419
Other liabilities	2,819	2,689
TOTAL LIABILITIES	37,687	36,918
Commitments and Contingencies (Note 12)
EQUITY
Common Stock, no par value (5,000,000,000 shares authorized and 1,996,537,778 shares issued at June 30, 2018 and December 31, 2017)	0	0
Additional paid-in capital	31,913	31,915
Retained earnings	23,305	22,749
Accumulated other comprehensive losses	(10,526)	(9,998)
Treasury stock, at cost (530,175,356 shares at June 30, 2018 and 508,401,694 shares at December 31, 2017)	(19,489)	(18,555)
Total Mondelēz International Shareholders’ Equity	25,203	26,111
Noncontrolling interest	84	80
TOTAL EQUITY	25,287	26,191
TOTAL LIABILITIES AND EQUITY	$ 62,974	$ 63,109

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Trade receivables, allowances	$ 40	$ 50
Other receivables, allowances	$ 61	$ 98
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	5,000,000,000	5,000,000,000
Common stock, shares issued (in shares)	1,996,537,778	1,996,537,778
Treasury stock, at cost (in shares)	530,175,356	508,401,694

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Earnings/(Losses)	Treasury Stock	Noncontrolling Interest	[1]
Balance at beginning of period at Dec. 31, 2016	$ 25,215	$ 0	$ 31,847	$ 21,149	$ (11,122)	$ (16,713)	$ 54
Comprehensive earnings/(losses):
Net earnings	1,133
Other comprehensive earnings/(losses), net of income taxes	921
Balance at end of period at Jun. 30, 2017					(10,217)
Balance at beginning of period at Dec. 31, 2016	25,215	0	31,847	21,149	(11,122)	(16,713)	54
Comprehensive earnings/(losses):
Net earnings	2,936			2,922			14
Other comprehensive earnings/(losses), net of income taxes	1,152				1,124		28
Exercise of stock options and issuance of other stock awards	345		68	(83)		360
Common Stock repurchased	(2,202)					(2,202)
Cash dividends declared ($0.44 per share for 2018 and $0.82 per share for 2017)	(1,239)			(1,239)
Dividends paid on noncontrolling interest and other activities	(16)						(16)
Balance at end of period at Dec. 31, 2017	26,191	0	31,915	22,749	(9,998)	(18,555)	80
Balance at beginning of period at Mar. 31, 2017					(10,564)
Comprehensive earnings/(losses):
Net earnings	500
Other comprehensive earnings/(losses), net of income taxes	359
Balance at end of period at Jun. 30, 2017					(10,217)
Balance at beginning of period at Dec. 31, 2017	26,191	0	31,915	22,749	(9,998)	(18,555)	80
Comprehensive earnings/(losses):
Net earnings	1,269			1,261			8
Other comprehensive earnings/(losses), net of income taxes	(525)				(528)		3
Exercise of stock options and issuance of other stock awards	154		(2)	(60)		216
Common Stock repurchased	(1,150)					(1,150)
Cash dividends declared ($0.44 per share for 2018 and $0.82 per share for 2017)	(651)			(651)
Dividends paid on noncontrolling interest and other activities	(1)			6			(7)
Balance at end of period at Jun. 30, 2018	25,287	0	31,913	23,305	(10,526)	(19,489)	84
Balance at beginning of period at Mar. 31, 2018					(9,858)
Comprehensive earnings/(losses):
Net earnings	325
Other comprehensive earnings/(losses), net of income taxes	(680)
Balance at end of period at Jun. 30, 2018	$ 25,287	$ 0	$ 31,913	$ 23,305	$ (10,526)	$ (19,489)	$ 84
[1]	Noncontrolling interest as of June 30, 2017 was $72 million, as compared to $54 million as of January 1, 2017. The change of $18 million during the six months ended June 30, 2017 was due to $16 million of other comprehensive earnings, net of taxes, and $5 million of net earnings offset by $(3) million of dividends paid.

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Cash dividends declared (in dollars per share)	$ 0.22	$ 0.19	$ 0.44	$ 0.38	$ 0.82
Noncontrolling interest	$ 84		$ 84		$ 80
Other comprehensive earnings, net of taxes, attributable to noncontrolling interest	(12)	$ 12	3	$ 16
Net earnings attributable to noncontrolling interest	$ 2	2	$ 8	5
Noncontrolling Interest
Noncontrolling interest		$ 72		72		$ 54
Change in noncontrolling interest				18
Other comprehensive earnings, net of taxes, attributable to noncontrolling interest				16
Net earnings attributable to noncontrolling interest				5
Dividends paid to noncontrolling interest				$ (3)

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
Net earnings	$ 1,269	$ 1,133
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	407	395
Stock-based compensation expense	67	77
U.S. tax reform transition tax	86	0
Deferred income tax provision	(46)	0
Asset impairments and accelerated depreciation	43	168
Loss on early extinguishment of debt	140	11
Loss on divestiture	0	3
Equity method investment net earnings	(185)	(133)
Distributions from equity method investments	151	132
Other non-cash items, net	366	(29)
Change in assets and liabilities, net of acquisitions and divestitures:
Receivables, net	112	153
Inventories, net	(240)	(181)
Accounts payable	(325)	(430)
Other current assets	(41)	(88)
Other current liabilities	(481)	(646)
Change in pension and postretirement assets and liabilities, net	(141)	(303)
Net cash provided by operating activities	1,182	262
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES
Capital expenditures	(532)	(488)
Acquisition, net of cash received	(528)	0
Proceeds from divestiture, net of disbursements	0	169
Proceeds from sale of property, plant and equipment and other assets	19	33
Net cash used in investing activities	(1,041)	(286)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES
Issuances of commercial paper, maturities greater than 90 days	1,315	1,150
Repayments of commercial paper, maturities greater than 90 days	(1,020)	(1,141)
Net issuances of other short-term borrowings	298	2,230
Long-term debt proceeds	2,948	350
Long-term debt repaid	(1,442)	(1,469)
Repurchase of Common Stock	(1,177)	(1,069)
Dividends paid	(657)	(581)
Other	124	154
Net cash provided by/(used in) financing activities	389	(376)
Effect of exchange rate changes on cash and cash equivalents	(45)	56
Cash and cash equivalents:
Increase/(decrease)	485	(344)
Balance at beginning of period	761	1,741
Balance at end of period	$ 1,246	$ 1,397

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation Our interim condensed consolidated financial statements are unaudited. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted. It is management’s opinion that these financial statements include all normal and recurring adjustments necessary for a fair presentation of our results of operations, financial position and cash flows. Results of operations for any interim period are not necessarily indicative of future or annual results. For a complete set of consolidated financial statements and related notes, refer to our Annual Report on Form 10-K for the year ended December 31, 2017 . Principles of Consolidation: The condensed consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries, except our Venezuelan subsidiaries. As of the close of the 2015 fiscal year, we deconsolidated and fully impaired our investment in our Venezuelan operations. As such, for all periods presented, we have excluded the results of operations, financial position and cash flows of our Venezuelan subsidiaries from our condensed consolidated financial statements. We account for investments over which we exercise significant influence under the equity method of accounting. Investments over which we do not have significant influence or control are not material and are carried at cost as there is no readily determinable fair value for the equity interests. Currency Translation and Highly Inflationary Accounting : We translate the results of operations of our subsidiaries from multiple currencies using average exchange rates during each period and translate balance sheet accounts using exchange rates at the end of each period. We record currency translation adjustments as a component of equity and realized exchange gains and losses on transactions in earnings. Highly inflationary accounting is triggered when a country’s three-year cumulative inflation rate exceeds 100%. It requires the remeasurement of financial statements of subsidiaries in the country from the functional currency of the subsidiary to our U.S. dollar reporting currency, with currency remeasurement gains or losses recorded in earnings. As of June 30, 2018 , none of our consolidated subsidiaries were subject to highly inflationary accounting. As discussed below, beginning on July 1, 2018, we expect to apply highly inflationary accounting for our operations in Argentina. Argentina. During the quarter ended June 30, 2018 , primarily based on published estimates which indicate that Argentina's three-year cumulative inflation rate has exceeded 100%, we concluded that Argentina has become a highly inflationary economy. Beginning July 1, 2018, we expect to apply highly inflationary accounting for our Argentinian subsidiaries. We will change the functional currency from the Argentinian peso to the U.S. dollar. Local currency monetary assets and liabilities will be remeasured into U.S. dollars using exchange rates as of the latest balance sheet date, with remeasurement adjustments and other transaction gains and losses recognized in net earnings. Our Argentinian operations contributed $267 million , or 2.1% of consolidated net revenues in the six months ended June 30, 2018 . Based on a review of our Argentinian peso-denominated monetary assets and liabilities, our Argentinian operations had an immaterial net monetary liability position as of June 30, 2018 . Other Countries. Since we sell in approximately 160 countries and have operations in over 80 countries, we monitor economic and currency-related risks and seek to take protective measures in response to these exposures. Some of the countries in which we do business have recently experienced periods of significant economic uncertainty and exchange rate volatility, including Brazil, China, Mexico, Russia, United Kingdom (Brexit), Ukraine, Turkey, Egypt, Nigeria, South Africa and Pakistan. We continue to monitor operations, currencies and net monetary exposures in these countries. At this time, we do not anticipate that these countries are at risk of becoming highly inflationary countries. Revenue Recognition: We predominantly sell food and beverage products across several product categories and in all regions as detailed in Note 16, Segment Reporting . We recognize revenue when control over the products transfers to our customers, which generally occurs upon delivery or shipment of the products. A small percentage of our net revenues relates to the licensing of our intellectual property, predominantly brand and trade names, and we record these revenues when earned within the period of the license term. We account for product shipping, handling and insurance as fulfillment activities with revenues for these activities recorded within net revenue and costs recorded within cost of sales. Any taxes collected on behalf of government authorities are excluded from net revenues. Revenues are recorded net of trade and sales incentives and estimated product returns. Known or expected pricing or revenue adjustments, such as trade discounts, rebates or returns, are estimated at the time of sale. We base these estimates of expected amounts principally on historical utilization and redemption rates. Estimates that affect revenue, such as trade incentives and product returns, are monitored and adjusted each period until the incentives or product returns are realized. Key sales terms, such as pricing and quantities ordered, are established on a frequent basis such that most customer arrangements and related incentives have a one year or shorter duration. As such, we do not capitalize contract inception costs and we capitalize product fulfillment costs in accordance with U.S. GAAP and our inventory policies. We generally do not have any unbilled receivables at the end of a period. Deferred revenues are not material and primarily include customer advance payments typically collected a few days before product delivery, at which time deferred revenues are reclassified and recorded as net revenues. We generally do not receive noncash consideration for the sale of goods nor do we grant payment financing terms greater than one year. Transfers of Financial Assets: We account for transfers of financial assets, such as uncommitted revolving non-recourse accounts receivable factoring arrangements, when we have surrendered control over the related assets. Determining whether control has transferred requires an evaluation of relevant legal considerations, an assessment of the nature and extent of our continuing involvement with the assets transferred and any other relevant considerations. We use receivable factoring arrangements periodically when circumstances are favorable to manage liquidity. We have non-recourse factoring arrangements in which we sell eligible trade receivables primarily to banks in exchange for cash. We may then continue to collect the receivables sold, acting solely as a collecting agent on behalf of the banks. The outstanding principal amount of receivables under these arrangements amounted to $719 million as of June 30, 2018 and $843 million as of December 31, 2017 . The incremental cost of factoring receivables under this arrangement was not material for all periods presented. The proceeds from the sales of receivables are included in cash from operating activities in the condensed consolidated statements of cash flows. New Accounting Pronouncements: In June 2018, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") that requires entities to record share-based payment transactions for acquiring goods and services from non-employees at fair value as of adoption date. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements. In February 2018, the FASB issued an ASU that permits entities to elect a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the 2017 enactment of U.S. tax reform legislation. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements. In August 2017, the FASB issued an ASU to better align hedge accounting with an entity’s risk management activities and improve disclosures surrounding hedging. For cash flow and net investment hedges as of the adoption date, the ASU requires a modified retrospective transition approach. Presentation and disclosure requirements related to this ASU are required prospectively. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We early adopted the standard as of January 1, 2018 and there was no material impact to our consolidated financial statements upon adoption. Refer to Note 9, Financial Instruments , for additional information. In February 2016, the FASB issued an ASU on lease accounting. The ASU revises existing U.S. GAAP and outlines a new model for lessors and lessees to use in accounting for lease contracts. The guidance requires lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases, with the exception of short-term leases. In the statement of earnings, lessees will classify leases as either operating (resulting in straight-line expense) or financing (resulting in a front-loaded expense pattern). The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We anticipate adopting the new standard on January 1, 2019. We continue to make progress in our data collection and evaluation of our leasing arrangements, practical expedients, accounting policy elections and implementing our lease accounting system. We completed the initial design of changes to our business processes to meet the new lease accounting and disclosure requirements. At this time, we are unable to reasonably estimate the expected increase in assets and liabilities on our balance sheet for our operating leases. In January 2016, the FASB issued an ASU that provides updated guidance for the recognition, measurement, presentation and disclosure of financial assets and liabilities. The standard requires that equity investments (other than those accounted for under equity method of accounting or those that result in consolidation of the investee) be measured at fair value, with changes in fair value recognized in net income. The standard also impacts financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. The ASU is effective for fiscal years beginning after December 15, 2017. We adopted this standard on January 1, 2018 and there was no material impact to our consolidated financial statements upon adoption. In May 2014, the FASB issued an ASU on revenue recognition from contracts with customers. The ASU outlines a new, single comprehensive model for companies to use in accounting for revenue. The core principle is that an entity should recognize revenue to depict the transfer of control over promised goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for the goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts, including significant judgments made in recognizing revenue. In 2016 and 2017, the FASB issued several ASUs that clarified principal versus agent (gross versus net) revenue presentation considerations, confirmed the accounting for certain prepaid stored-value products and clarified the guidance for identifying performance obligations within a contract, the accounting for licenses and partial sales of nonfinancial assets. The FASB also issued two ASUs providing technical corrections, narrow scope exceptions and practical expedients to clarify and improve the implementation of the new revenue recognition guidance. The revenue guidance is effective for annual reporting periods beginning after December 15, 2017. We adopted the new standard on January 1, 2018 on a full retrospective basis. There was no material financial impact from adopting the new revenue standards in any of the historical periods presented. Refer to the Revenue Recognition section above and Note 16, Segment Reporting , for additional information. Reclassifications: Certain amounts previously reported have been reclassified to conform to current-year presentation. On January 1, 2018, we adopted an ASU that changed the presentation of net periodic pension and postretirement costs on the condensed consolidated statements of earnings. As a result of this adoption, we disaggregated the components of our net periodic pension and postretirement benefit costs and moved components other than service costs to a new line item, benefit plan non-service income, located below operating income. Prior-period cost of sales, selling, general and administrative expenses and asset impairment and exit costs as well as segment operating income results were updated to reflect the reclassification. All components of net periodic pension and postretirement benefit costs are summarized in Note 10, Benefit Plans .

Divestitures and Acquisitions

Divestitures and Acquisitions	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Divestitures and Acquisitions	Note 2. Divestitures and Acquisitions On June 7, 2018 , we acquired a U.S. premium biscuit company, Tate’s Bake Shop, within our North America segment and extended our premium biscuit offerings. We paid $528 million , net of cash received, and we expect to finalize the purchase price paid later this year once final working capital adjustments are confirmed. We accounted for the transaction as a business combination. We are working to complete the valuation work and have recorded a preliminary purchase price allocation of $40 million to definite-lived intangible assets, $170 million to indefinite-lived intangible assets, $337 million to goodwill, $14 million to property, plant and equipment, $5 million to inventory, $9 million to accounts receivable, $6 million to current liabilities and $41 million to deferred tax liabilities. On December 28, 2017, we completed the sale of a confectionery business in Japan. We received cash proceeds of ¥2.8 billion ( $24 million as of December 28, 2017) and recorded an immaterial pre-tax loss on the divestiture within our AMEA segment. On October 2, 2017, we completed the sale of one of our equity method investments and received cash proceeds of $65 million . We recorded a pre-tax gain of $40 million within the gain on equity method investment transactions and $15 million of tax expense. In connection with the 2012 spin-off of Kraft Foods Group, Inc. (now a part of The Kraft Heinz Company (“KHC”)), Kraft Foods Group and we each granted the other various licenses to use certain trademarks in connection with particular product categories in specified jurisdictions. On August 17, 2017, we entered into two agreements with KHC to terminate the licenses of certain KHC-owned brands used in our grocery business within our Europe region and to transfer to KHC inventory and certain other assets. On August 17, 2017, the first transaction closed and we received cash proceeds of €9 million ( $11 million as of August 17, 2017) and on October 23, 2017, the second transaction closed and we received cash proceeds of €2 million ( $3 million as of October 23, 2017). The gain on both transactions combined was immaterial. On July 4, 2017, we completed the sale of most of our grocery business in Australia and New Zealand to Bega Cheese Limited for $456 million Australian dollars ( $347 million as of July 4, 2017). We divested $27 million of current assets, $135 million of non-current assets and $4 million of current liabilities based on the July 4, 2017 exchange rate. We recorded a pre-tax gain of $247 million Australian dollars ( $187 million as of July 4, 2017) on the sale. During the third and fourth quarters of 2017, we also recorded divestiture-related costs of $2 million and a foreign currency hedge loss of $3 million . In the fourth quarter of 2017, we recorded a final $3 million inventory-related working capital adjustment, increasing the pre-tax gain to $190 million in 2017. On April 28, 2017, we completed the sale of several manufacturing facilities in France and the sale or license of several local confectionery brands. We received cash of approximately €157 million ( $169 million as of April 28, 2017), net of cash divested with the businesses. On April 28, 2017, we divested $44 million of current assets, $155 million of non-current assets, $8 million of current liabilities and $22 million of non-current liabilities based on the April 28, 2017 exchange rate. During the three months ended March 31, 2018, we reversed $3 million of accrued expenses no longer required. We also incurred divestiture-related costs of $3 million in the three months and $21 million in the six months ended June 30, 2017 . We recorded a $3 million loss on the sale during the three months ended June 30, 2017. Divestiture-related costs were recorded within cost of sales and selling, general and administrative expenses primarily within our Europe segment.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Note 3. Inventories Inventories consisted of the following: As of June 30, As of December 31, (in millions) Raw materials $ 726 $ 711 Finished product 2,070 1,975 2,796 2,686 Inventory reserves (113 ) (129 ) Inventories, net $ 2,683 $ 2,557

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 4. Property, Plant and Equipment Property, plant and equipment consisted of the following: As of June 30, As of December 31, (in millions) Land and land improvements $ 439 $ 458 Buildings and building improvements 2,950 2,979 Machinery and equipment 10,947 11,195 Construction in progress 984 1,048 15,320 15,680 Accumulated depreciation (6,936 ) (7,003 ) Property, plant and equipment, net $ 8,384 $ 8,677 For the six months ended June 30, 2018 , capital expenditures of $532 million excluded $268 million of accrued capital expenditures remaining unpaid at June 30, 2018 and included payment for a portion of the $357 million of capital expenditures that were accrued and unpaid at December 31, 2017 . For the six months ended June 30, 2017 , capital expenditures of $488 million excluded $190 million of accrued capital expenditures remaining unpaid at June 30, 2017 and included payment for a portion of the $343 million of capital expenditures that were accrued and unpaid at December 31, 2016 . In connection with our restructuring program, we recorded non-cash property, plant and equipment write-downs (including accelerated depreciation and asset impairments) in the condensed consolidated statements of earnings within asset impairment and exit costs and within the segment results as follows (refer to Note 7, 2014-2018 Restructuring Program ). For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Latin America $ 6 $ 6 $ 14 $ 12 AMEA 4 30 8 42 Europe 1 4 6 42 North America 2 7 8 22 Non-cash property, plant and equipment write-downs $ 13 $ 47 $ 36 $ 118

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 5. Goodwill and Intangible Assets Goodwill by segment was: As of June 30, As of December 31, (in millions) Latin America $ 821 $ 901 AMEA 3,289 3,371 Europe 7,655 7,880 North America 9,237 8,933 Goodwill $ 21,002 $ 21,085 Intangible assets consisted of the following: As of June 30, As of December 31, (in millions) Non-amortizable intangible assets $ 17,463 $ 17,671 Amortizable intangible assets 2,363 2,386 19,826 20,057 Accumulated amortization (1,464 ) (1,418 ) Intangible assets, net $ 18,362 $ 18,639 Non-amortizable intangible assets consist principally of brand names purchased through our acquisitions of Nabisco Holdings Corp., the Spanish and Portuguese operations of United Biscuits, the global LU biscuit business of Groupe Danone S.A. and Cadbury Limited. Amortizable intangible assets consist primarily of trademarks, customer-related intangibles, process technology, licenses and non-compete agreements. Amortization expense for intangible assets was $44 million in each of the three months and $88 million in each of the six months ended June 30, 2018 and June 30, 2017 . For the next five years, we currently estimate annual amortization expense of approximately $175 million for the next three years and approximately $85 million in years four and five (reflecting June 30, 2018 exchange rates). Changes in goodwill and intangible assets consisted of: Goodwill Intangible Assets, at cost (in millions) Balance at January 1, 2018 $ 21,085 $ 20,057 Currency/other (420 ) (441 ) Acquisition 337 210 Balance at June 30, 2018 $ 21,002 $ 19,826 Changes to goodwill and intangibles were: • Acquisition – During the second quarter of 2018, in connection with the acquisition of Tate's Bake Shop, we recorded a preliminary purchase price allocation of $337 million to goodwill and $210 million to intangible assets. See Note 2, Divestitures and Acquisitions , for additional information. During our 2017 annual testing of non-amortizable intangible assets, we recorded $70 million of impairment charges in the third quarter of 2017 related to five trademarks recorded across all regions. During that annual review, we identified thirteen brands, including the five impaired trademarks, with $938 million of aggregate book value as of June 30, 2018 that each had a fair value in excess of book value of 10% or less. We believe our current plans for each of these brands will allow them to continue to not be impaired, but if the product line expectations are not met or specific valuation factors outside of our control, such as discount rates, change significantly, then a brand or brands could become impaired in the future.

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Note 6. Equity Method Investments Our investments accounted for under the equity method of accounting totaled $6,223 million as of June 30, 2018 and $6,345 million as of December 31, 2017 . Our largest investments are in Jacobs Douwe Egberts (“JDE”) and Keurig Green Mountain, Inc. (“Keurig”). JDE: As of June 30, 2018 , we held a 26.5% voting interest, a 26.4% ownership interest and a 26.3% profit and dividend sharing interest in JDE. We recorded JDE equity earnings of $42 million in the second quarter of 2018 and $19 million in the second quarter of 2017 and $88 million in the first six months of 2018 and $38 million in the first six months of 2017 . We also recorded $73 million of cash dividends received during the first quarter of 2018 and $49 million of cash dividends received during the first quarter of 2017. Keurig: As of June 30, 2018 , we held a 24.2% ownership interest in Keurig. We recorded Keurig equity earnings, shareholder loan interest and cash dividends of $20 million , $6 million and $2 million in the second quarter of 2018 and $15 million , $6 million and $2 million in the second quarter of 2017 . We recorded Keurig equity earnings, shareholder loan interest and cash dividends of $36 million , $12 million and $5 million in the first six months of 2018 and $29 million , $12 million and $6 million in the first six months of 2017 . Keurig Dr Pepper Transaction: On July 9, 2018, Keurig closed on its definitive merger agreement with Dr Pepper Snapple Group, Inc., and formed Keurig Dr Pepper Inc. ("Keurig Dr Pepper", NYSE: “KDP”). Following the close of the merger, our ownership in Keurig Dr Pepper was 13.8% . In our third quarter 2018, we expect to record a gain related to the conversion of our investment in Keurig (including our shareholder loan receivable) into an investment in Keurig Dr Pepper. As we will continue to have significant influence, we will continue to account for our investment in Keurig Dr Pepper under the equity method, resulting in recognizing our share of their earnings within our earnings and our share of their dividends within our cash flows. We have nominated two directors to the board of Keurig Dr Pepper and will have certain additional governance rights. In our future filings, we will recast our financial statements and reflect our share of Keurig’s historical results and Keurig Dr Pepper’s ongoing results on a quarter lag basis. A lag will allow us to record our share of Keurig Dr Pepper’s results timely after they have publicly reported their results and to facilitate comparisons of our operating results across all reported periods.

2014-2018 Restructuring Program

2014-2018 Restructuring Program	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
2014-2018 Restructuring Program	Note 7. 2014-2018 Restructuring Program On May 6, 2014, our Board of Directors approved a $3.5 billion restructuring program and up to $2.2 billion of capital expenditures. On August 31, 2016, our Board of Directors approved a $600 million reallocation between restructuring program cash costs and capital expenditures so that now the $5.7 billion program consists of approximately $4.1 billion of restructuring program costs ( $3.1 billion cash costs and $1 billion non-cash costs) and up to $1.6 billion of capital expenditures. The primary objective of the 2014-2018 Restructuring Program is to reduce our operating cost structure in both our supply chain and overhead costs. The program is intended primarily to cover severance as well as asset disposals and other manufacturing-related one-time costs. Since inception, we have incurred total restructuring and related implementation charges of $3.6 billion related to the 2014-2018 Restructuring Program. We expect to incur the full $4.1 billion of program charges by year-end 2018. Restructuring Costs : We recorded restructuring charges of $112 million in the second quarter of 2018 and $148 million in the second quarter of 2017 and $164 million in the first six months of 2018 and $305 million in the first six months of 2017 within asset impairment and exit costs or benefit plan non-service income. The 2014-2018 Restructuring Program liability activity for the six months ended June 30, 2018 was: Severance and related costs Asset Write-downs Total (in millions) Liability balance, January 1, 2018 $ 464 $ — $ 464 Charges 125 39 164 Cash spent (161 ) — (161 ) Non-cash settlements/adjustments — (39 ) (39 ) Currency (24 ) — (24 ) Liability balance, June 30, 2018 $ 404 $ — $ 404 We spent $82 million in the second quarter of 2018 and $78 million in the second quarter of 2017 and $161 million in the first six months of 2018 and $162 million in the first six months of 2017 in cash severance and related costs. We also recognized non-cash asset write-downs (including accelerated depreciation and asset impairments) and other non-cash adjustments totaling $14 million in the second quarter of 2018 and $54 million in the second quarter of 2017 and $39 million in the first six months of 2018 and $126 million in the first six months of 2017 . At June 30, 2018 , $323 million of our net restructuring liability was recorded within other current liabilities and $81 million was recorded within other long-term liabilities. Implementation Costs: Implementation costs are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. We believe the disclosure of implementation costs provides readers of our financial statements with more information on the total costs of our 2014-2018 Restructuring Program. Implementation costs primarily relate to reorganizing our operations and facilities in connection with our supply chain reinvention program and other identified productivity and cost saving initiatives. The costs include incremental expenses related to the closure of facilities, costs to terminate certain contracts and the simplification of our information systems. Within our continuing results of operations, we recorded implementation costs of $70 million in the second quarter of 2018 and $63 million in the second quarter of 2017 and $132 million in the first six months of 2018 and $117 million in the first six months of 2017 . We recorded these costs within cost of sales and general corporate expense within selling, general and administrative expenses. Restructuring and Implementation Costs: During the three and six months ended June 30, 2018 and June 30, 2017 , and since inception of the 2014-2018 Restructuring Program, we recorded the following restructuring and implementation costs within segment operating income and earnings before income taxes: Latin America AMEA Europe North America (1) Corporate (2) Total (in millions) For the Three Months Ended June 30, 2018 Restructuring Costs $ 12 $ 17 $ 63 $ 14 $ 6 $ 112 Implementation Costs 15 8 13 21 13 70 Total $ 27 $ 25 $ 76 $ 35 $ 19 $ 182 For the Three Months Ended June 30, 2017 Restructuring Costs $ 8 $ 48 $ 50 $ 26 $ 16 $ 148 Implementation Costs 10 10 19 13 11 63 Total $ 18 $ 58 $ 69 $ 39 $ 27 $ 211 For the Six Months Ended Restructuring Costs $ 36 $ 23 $ 70 $ 26 $ 9 $ 164 Implementation Costs 30 20 29 38 15 132 Total $ 66 $ 43 $ 99 $ 64 $ 24 $ 296 For the Six Months Ended Restructuring Costs $ 31 $ 73 $ 119 $ 65 $ 17 $ 305 Implementation Costs 20 20 31 25 21 117 Total $ 51 $ 93 $ 150 $ 90 $ 38 $ 422 Total Project 2014-2018 (3) Restructuring Costs $ 466 $ 471 $ 909 $ 445 $ 107 $ 2,398 Implementation Costs 182 149 301 291 236 1,159 Total $ 648 $ 620 $ 1,210 $ 736 $ 343 $ 3,557 (1) During 2018 and 2017 , our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business. (2) During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income, segment operating income and restructuring and implementation costs by segment to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. The benefit plan non-service income amounts no longer recorded in segment operating income are included within the Corporate column in the table above. The Corporate column also includes minor adjustments for rounding. (3) Includes all charges recorded since program inception on May 6, 2014 through June 30, 2018 .

Debt and Borrowing Arrangements

Debt and Borrowing Arrangements	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt and Borrowing Arrangements	Note 8. Debt and Borrowing Arrangements Short-Term Borrowings: Our short-term borrowings and related weighted-average interest rates consisted of: As of June 30, 2018 As of December 31, 2017 Amount Outstanding Weighted- Average Rate Amount Outstanding Weighted- Average Rate (in millions) (in millions) Commercial paper $ 3,900 2.4 % $ 3,410 1.7 % Bank loans 174 13.4 % 107 11.5 % Total short-term borrowings $ 4,074 $ 3,517 As of June 30, 2018 , commercial paper issued and outstanding had between 2 and 172 days remaining to maturity. Commercial paper borrowings increased since year end primarily as a result of issuances to finance the payment of long-term debt maturities, dividend payments and share repurchases during the year. Some of our international subsidiaries maintain primarily uncommitted credit lines to meet short-term working capital needs. Collectively, these credit lines amounted to $1.8 billion at June 30, 2018 and $2.0 billion at December 31, 2017 . Borrowings on these lines were $174 million at June 30, 2018 and $107 million at December 31, 2017 . Borrowing Arrangements: On April 2, 2018, in connection with the tender offer described below, we entered into a $2.0 billion revolving credit agreement for a 364 -day senior unsecured credit facility that is scheduled to expire on April 1, 2019. The agreement includes the same terms and conditions as our existing $4.5 billion multi-year credit facility discussed below. On April 17, 2018, we borrowed $714 million on this facility to fund the debt tender described below and availability under the facility was reduced to match the borrowed amount. On May 7, 2018, we repaid the $714 million from the net proceeds received from the May 2018 $2.5 billion long-term debt issuance and terminated this credit facility. On February 28, 2018, to supplement our commercial paper program, we entered into a $1.5 billion revolving credit agreement for a 364 -day senior unsecured credit facility that is scheduled to expire on February 27, 2019 . The agreement replaces our previous credit agreement that matured on February 28, 2018 and includes the same terms and conditions as our existing $4.5 billion multi-year credit facility discussed below. As of June 30, 2018 , no amounts were drawn on the facility. We also maintain a $4.5 billion multi-year senior unsecured revolving credit facility for general corporate purposes, including working capital needs, and to support our commercial paper program. On October 14, 2016, the revolving credit agreement, which was scheduled to expire on October 11, 2018 , was extended through October 11, 2021 . The revolving credit agreement includes a covenant that we maintain a minimum shareholders’ equity of at least $24.6 billion , excluding accumulated other comprehensive earnings/(losses) and the cumulative effects of any changes in accounting principles. At June 30, 2018 , we complied with this covenant as our shareholders’ equity, as defined by the covenant, was $35.7 billion . The revolving credit facility agreement also contains customary representations, covenants and events of default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security. As of June 30, 2018 , no amounts were drawn on the facility. Long-Term Debt: On May 3, 2018, we issued $2.5 billion of U.S. dollar-denominated, fixed-rate notes consisting of: • $750 million of 3.000% notes that mature in May 2020 • $750 million of 3.625% notes that mature in May 2023 • $700 million of 4.125% notes that mature in May 2028 • $300 million of 4.625% notes that mature in May 2048 On May 7, 2018, we received net proceeds of $2.48 billion that were used to repay amounts outstanding under our revolving credit agreement facility and for other general corporate purposes, including the repayment of outstanding commercial paper borrowings and other debt. We recorded approximately $22 million of discounts and deferred financing costs net of various fees associated for the bond transaction and underwriter fee reimbursement, which will be amortized into interest expense over the life of the notes. On April 17, 2018, we completed a cash tender offer and retired $570 million of the long-term U.S. dollar debt consisting of: • $241 million of our 6.500% notes due in February 2040 • $97.6 million of our 5.375% notes due in February 2020 • $75.8 million of our 6.500% notes due in November 2031 • $72.1 million of our 6.875% notes due in February 2038 • $42.6 million of our 6.125% notes due in August 2018 • $29.3 million of our 6.875% notes due in January 2039 • $11.7 million of our 7.000% notes due in August 2037 We financed the repurchase of the notes, including the payment of accrued interest and other costs incurred, from the $2.0 billion revolving credit agreement entered into on April 2, 2018. We recorded a loss on debt extinguishment of $140 million within interest and other expense, net related to the amount we paid to retire the debt in excess of its carrying value and from recognizing unamortized discounts, deferred financing and other cash costs in earnings at the time of the debt extinguishment. Cash costs related to tendering the debt are included in long-term debt repayments in the condensed consolidated statement of cash flows for the six months ended June 30, 2018 . On March 2, 2018, we launched an offering of C$600 million of 3.250% Canadian-dollar denominated notes that mature on March 7, 2025. On March 7, 2018, we received C$595 million (or $461 million ) of proceeds, net of discounts and underwriting fees, to be used for general corporate purposes. We recorded approximately $4 million of discounts and deferred financing costs, which will be amortized into interest expense over the life of the notes. On February 1, 2018, $478 million of our 6.125% U.S. dollar notes matured. The notes and accrued interest to date were paid with the issuance of commercial paper and cash on hand. On January 26, 2018, fr 250 million (or $260 million ) of our 0.080% Swiss franc notes matured. The notes and accrued interest to date were paid with the issuance of commercial paper and cash on hand. Our weighted-average interest rate on our total debt was 2.4% as of June 30, 2018 , 2.1% as of December 31, 2017 and 2.2% as of December 31, 2016 . Fair Value of Our Debt: The fair value of our short-term borrowings at June 30, 2018 and December 31, 2017 reflects current market interest rates and approximates the amounts we have recorded on our condensed consolidated balance sheets. The fair value of our long-term debt was determined using quoted prices in active markets (Level 1 valuation data) for the publicly traded debt obligations. At June 30, 2018 , the aggregate fair value of our total debt was $20,089 million and its carrying value was $19,711 million . At December 31, 2017 , the aggregate fair value of our total debt was $18,354 million and its carrying value was $17,652 million . Interest and Other Expense, net: Interest and other expense, net consisted of: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Interest expense, debt $ 115 $ 103 $ 217 $ 206 Loss on debt extinguishment 140 11 140 11 Loss/(gain) related to interest rate swaps 5 — (9 ) — Other (income)/expense, net (12 ) 10 (20 ) 26 Interest and other expense, net $ 248 $ 124 $ 328 $ 243

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Note 9. Financial Instruments Fair Value of Derivative Instruments: Derivative instruments were recorded at fair value in the condensed consolidated balance sheets as follows: As of June 30, 2018 As of December 31, 2017 Asset Derivatives Liability Derivatives Asset Derivatives Liability Derivatives (in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 20 $ 403 $ 15 $ 509 Net investment hedge contracts 385 — — — $ 405 $ 403 $ 15 $ 509 Derivatives not designated as accounting hedges: Currency exchange contracts $ 111 $ 53 $ 65 $ 76 Commodity contracts 217 122 84 229 Interest rate contracts 7 5 15 11 $ 335 $ 180 $ 164 $ 316 Total fair value $ 740 $ 583 $ 179 $ 825 Derivatives designated as accounting hedges include cash flow, fair value and net investment hedge contracts. Derivatives not designated as accounting hedges include our economic hedges. Non-U.S. dollar denominated debt, designated as a hedge of our net investments in non-U.S. operations, is not reflected in the table above, but is included in long-term debt summarized in Note 8, Debt and Borrowing Arrangements . We record derivative assets and liabilities on a gross basis on our condensed consolidated balance sheets. The fair value of our asset derivatives is recorded within other current assets and the fair value of our liability derivatives is recorded within other current liabilities. The fair values (asset/(liability)) of our derivative instruments were determined using: As of June 30, 2018 Total Fair Value of Net Asset/(Liability) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in millions) Currency exchange contracts $ 58 $ — $ 58 $ — Commodity contracts 95 65 30 — Interest rate contracts (381 ) — (381 ) — Net investment hedge contracts 385 — 385 — Total derivatives $ 157 $ 65 $ 92 $ — As of December 31, 2017 Total Fair Value of Net Asset/(Liability) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in millions) Currency exchange contracts $ (11 ) $ — $ (11 ) $ — Commodity contracts (145 ) (138 ) (7 ) — Interest rate contracts (490 ) — (490 ) — Total derivatives $ (646 ) $ (138 ) $ (508 ) $ — Level 1 financial assets and liabilities consist of exchange-traded commodity futures and listed options. The fair value of these instruments is determined based on quoted market prices on commodity exchanges. We are required to maintain cash margin accounts in connection with funding the settlement of our open positions, and the margin requirements generally fluctuate daily based on market conditions. In connection with our exchange-traded derivatives, we have recorded margin requirements of $25 million as of June 30, 2018 within accounts payable and margin deposits of $171 million as of December 31, 2017 within other current assets. Level 2 financial assets and liabilities consist primarily of over-the-counter (“OTC”) currency exchange forwards, options and swaps; commodity forwards and options; and interest rate swaps. Our currency exchange contracts are valued using an income approach based on observable market forward rates less the contract rate multiplied by the notional amount. Commodity derivatives are valued using an income approach based on the observable market commodity index prices less the contract rate multiplied by the notional amount or based on pricing models that rely on market observable inputs such as commodity prices. Our calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the observable market interest rate curve. Our calculation of the fair value of financial instruments takes into consideration the risk of nonperformance, including counterparty credit risk. Our OTC derivative transactions are governed by International Swap Dealers Association agreements and other standard industry contracts. Under these agreements, we do not post nor require collateral from our counterparties. The majority of our derivative contracts do not have a legal right of set-off. We manage the credit risk in connection with these and all our derivatives by entering into transactions with counterparties with investment grade credit ratings, limiting the amount of exposure with each counterparty and monitoring the financial condition of our counterparties. Derivative Volume: The net notional values of our hedging instruments were: Notional Amount As of June 30, 2018 As of December 31, 2017 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ 3,378 $ 7,089 Forecasted transactions 2,355 2,213 Commodity contracts 580 1,204 Interest rate contracts 9,117 6,532 Net investment hedge contracts 7,114 — Net investment hedge debt: Euro notes 3,581 3,679 British pound sterling notes 448 459 Swiss franc notes 1,413 1,694 Canadian dollar notes 457 — Cash Flow Hedges: Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings/(losses) included: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Accumulated (loss)/gain at beginning of period $ (159 ) $ (103 ) $ (113 ) $ (121 ) Transfer of realized (gains)/losses in fair value to earnings 5 (4 ) (9 ) 3 Unrealized gain/(loss) in fair value 21 16 (11 ) 27 Accumulated (loss)/gain at end of period $ (133 ) $ (91 ) $ (133 ) $ (91 ) After-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings were: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Currency exchange contracts – forecasted transactions $ — $ 1 $ — $ 1 Commodity contracts $ — $ 3 $ — $ (4 ) Interest rate contracts (5 ) — 9 — Total $ (5 ) $ 4 $ 9 $ (3 ) After-tax gains/(losses) recognized in other comprehensive earnings/(losses) were: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Currency exchange contracts – forecasted transactions $ — $ (14 ) $ — $ (26 ) Commodity contracts — 6 — 6 Interest rate contracts 21 24 (11 ) 47 Total $ 21 $ 16 $ (11 ) $ 27 We recognized a loss of $5 million in the three months and a gain of $9 million in the six months ended June 30, 2018 in interest and other expense, net related to certain forward-starting interest rate swaps for which the planned timing of the related forecasted debt was changed. We record pre-tax (i) gains or losses reclassified from accumulated other comprehensive earnings/(losses) into earnings, (ii) gains or losses on ineffectiveness and (iii) gains or losses on amounts excluded from effectiveness testing in: • cost of sales for currency exchange contracts related to forecasted transactions; • cost of sales for commodity contracts; and • interest and other expense, net for interest rate contracts and currency exchange contracts related to intercompany loans. Based on current market conditions, we would expect to transfer gains of less than $1 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months. Cash Flow Hedge Coverage: As of June 30, 2018 , our longest dated cash flow hedges were interest rate swaps that hedge forecasted interest rate payments over the next 5 years and 4 months. Fair Value Hedges: Pre-tax gains/(losses) due to changes in fair value of our interest rate swaps and related hedged long-term debt were recorded in interest and other expense, net: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Borrowings $ — $ 1 $ 1 $ (2 ) Derivatives — (1 ) (1 ) 2 Total $ — $ — $ — $ — The carrying amount of our hedged fixed interest rate debt is detailed below and is recorded in the current portion of long-term debt as this debt will mature during the third quarter of 2018. As of June 30, 2018 As of December 31, 2017 (in millions) Notional value of borrowings (and related derivatives) $ (279 ) $ (801 ) Cumulative fair value hedging adjustments (1 ) — Carrying amount of borrowings $ (280 ) $ (801 ) Hedges of Net Investments in International Operations: Beginning in the first quarter of 2018, we entered into cross-currency interest rate swaps and forwards to hedge certain investments in our non-U.S. operations against movements in exchange rates. The aggregate notional value as of June 30, 2018 was $7.1 billion . The after-tax gain on these net investment hedge contracts was recorded in the cumulative translation adjustment section of other comprehensive income and was $276 million for the three months and $265 million for the six months ended June 30, 2018 . There were no after-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings in the three or six months ended June 30, 2018 . We elected to record changes in the fair value of amounts excluded from the assessment of effectiveness in net earnings. Amounts excluded from the assessment of hedge effectiveness were $33 million for the three months and $50 million for the six months ended June 30, 2018 and were recorded as income in interest and other expense, net. After-tax gains/(losses) related to hedges of net investments in international operations in the form of euro, British pound sterling, Swiss franc and Canadian dollar-denominated debt were recorded within the cumulative translation adjustment section of other comprehensive income and were: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Euro notes $ 151 $ (168 ) $ 76 $ (196 ) British pound sterling notes 21 (10 ) 8 (15 ) Swiss franc notes 42 (49 ) 16 (64 ) Canadian notes 6 — 4 — Economic Hedges: Pre-tax gains/(losses) recorded in net earnings for economic hedges were: For the Three Months Ended June 30, For the Six Months Ended Location of Gain/(Loss) Recognized in Earnings 2018 2017 2018 2017 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ 7 $ 3 $ 14 $ 5 Interest and other expense, net Forecasted transactions 72 18 65 2 Cost of sales Forecasted transactions — 1 (5 ) (2 ) Interest and other expense, net Forecasted transactions (1 ) 2 (4 ) 2 Selling, general and administrative expenses Commodity contracts (48 ) (97 ) 101 (160 ) Cost of sales Total $ 30 $ (73 ) $ 171 $ (153 )

Benefit Plans

Benefit Plans	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Benefit Plans	Note 10. Benefit Plans Pension Plans Components of Net Periodic Pension Cost: Net periodic pension cost consisted of the following: U.S. Plans Non-U.S. Plans For the Three Months Ended For the Three Months Ended 2018 2017 2018 2017 (in millions) Service cost $ 10 $ 10 $ 37 $ 38 Interest cost 15 16 50 49 Expected return on plan assets (22 ) (25 ) (114 ) (108 ) Amortization: Net loss from experience differences 9 9 42 40 Prior service cost/(benefit) — — (1 ) — Settlement losses and other expenses 8 18 — 1 Net periodic pension cost $ 20 $ 28 $ 14 $ 20 U.S. Plans Non-U.S. Plans For the Six Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Service cost $ 22 $ 22 $ 75 $ 77 Interest cost 30 31 102 97 Expected return on plan assets (44 ) (50 ) (231 ) (212 ) Amortization: Net loss from experience differences 20 17 84 81 Prior service cost/(benefit) 1 1 (1 ) (1 ) Settlement losses and other expenses 15 21 — 2 Net periodic pension cost $ 44 $ 42 $ 29 $ 44 Within settlement losses and other expenses are losses of $3 million for the three and six months ended June 30, 2018 and $11 million for the three and six months ended June 30, 2017 , that are related to our 2014-2018 Restructuring Program and are recorded within asset impairment and exit costs on our condensed consolidated statements of earnings. Employer Contributions: During the six months ended June 30, 2018 , we contributed $5 million to our U.S. pension plans and $199 million to our non-U.S. pension plans, including $137 million to plans in the United Kingdom and Ireland. We make contributions to our pension plans in accordance with local funding arrangements and statutory minimum funding requirements. Discretionary contributions are made to the extent that they are tax deductible and do not generate an excise tax liability. As of June 30, 2018 , over the remainder of 2018, we plan to make further contributions of approximately $34 million to our U.S. plans and approximately $102 million to our non-U.S. plans. Our actual contributions may be different due to many factors, including changes in tax and other benefit laws, significant differences between expected and actual pension asset performance or interest rates. Multiemployer Pension Plans: In the United States, we contribute to multiemployer pension plans based on obligations arising from our collective bargaining agreements. The most individually significant multiemployer plan we participated in as of the beginning of the second quarter of 2018 was the Bakery and Confectionery Union and Industry International Pension Fund (the “Fund”). Our obligation to contribute to the Fund arose with respect to 8 collective bargaining agreements covering most of our employees represented by the Bakery, Confectionery, Tobacco and Grain Millers Union (“BCTGM”). All of those collective bargaining agreements expired in 2016. During the second quarter of 2018, we implemented two aspects of our second revised last, best and final offer made to the BCTGM with respect to 7 of the 8 expired collective bargaining agreements. Implementation resulted in our withdrawing from the Fund with respect to those employees covered by the 7 collective bargaining agreements. In connection with that action, we estimated a partial withdrawal liability of $567 million and within our North America segment, we recorded a discounted liability and charge of $408 million , $305 million net of tax, which represents our best estimate of the partial withdrawal liability absent an assessment from the Fund. We may receive an assessment in 2018 or later, and the ultimate withdrawal liability may change from the currently estimated amount. We will record any future adjustments in the period during which the liability is confirmed or as new information becomes available. We expect to pay the liability in installments over a period of 20 years from the date of the assessment. We determined the net present value of the liability using a risk-free interest rate. We recorded the pre-tax non-cash charge in selling, general and administrative expense (and in other non-cash items, net in the condensed consolidated statement of cash flows) and the liability in long-term other liabilities. Postretirement Benefit Plans Net periodic postretirement health care benefit consisted of the following: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Service cost $ 1 $ 2 $ 3 $ 4 Interest cost 3 3 7 7 Amortization: Net loss from experience differences 3 4 7 7 Prior service credit (1) (9 ) (10 ) (19 ) (20 ) Net periodic postretirement health care benefit $ (2 ) $ (1 ) $ (2 ) $ (2 ) (1) Amortization of prior service credit included gains of $8 million for the three months ended June 30, 2018 and June 30, 2017 and $16 million for the six months ended June 30, 2018 and June 30, 2017 related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants. Postemployment Benefit Plans Net periodic postemployment cost consisted of the following: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Service cost $ 1 $ 2 $ 3 $ 3 Interest cost 1 1 2 2 Amortization of net gains — (1 ) (1 ) (2 ) Net periodic postemployment cost $ 2 $ 2 $ 4 $ 3

Stock Plans

Stock Plans	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Plans	Note 11. Stock Plans Stock Options: Stock option activity is reflected below: Shares Subject to Option Weighted- Average Exercise or Grant Price Per Share Average Remaining Contractual Term Aggregate Intrinsic Value Balance at January 1, 2018 48,434,655 $29.92 5 years $ 626 million Annual grant to eligible employees 5,666,530 43.51 Additional options issued 82,720 40.82 Total options granted 5,749,250 43.47 Options exercised (1) (4,541,932 ) 25.60 $ 81 million Options canceled (541,994 ) 38.39 Balance at June 30, 2018 49,099,979 31.81 6 years $ 478 million (1) Cash received from options exercised was $31 million in the three months and $116 million in the six months ended June 30, 2018 . The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $1 million in the three months and $9 million in the six months ended June 30, 2018 . Performance Share Units and Other Stock-Based Awards: Our performance share unit, deferred stock unit and historically granted restricted stock activity is reflected below: Number of Shares Grant Date Weighted-Average Fair Value Per Share (3) Weighted-Average Aggregate Fair Value (3) Balance at January 1, 2018 7,669,705 $39.74 Annual grant to eligible employees: Feb 22, 2018 Performance share units 1,048,770 51.23 Deferred stock units 788,310 43.51 Additional shares granted (1) 306,426 Various 40.97 Total shares granted 2,143,506 46.92 $ 101 million Vested (2) (2,162,663 ) 38.33 $ 83 million Forfeited (2) (352,565 ) 40.10 Balance at June 30, 2018 7,297,983 42.25 (1) Includes performance share units and deferred stock units. (2) Includes performance share units, deferred stock units and historically granted restricted stock. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled less than $1 million in the three months and $4 million in the six months ended June 30, 2018 . (3) The grant date fair value of performance share units is determined based on the Monte Carlo simulation model for the market-based total shareholder return component and the closing market price of the Company’s stock on the grant date for performance-based components. The Monte Carlo simulation model incorporates the probability of achieving the total shareholder return market condition. Compensation expense is recognized using the grant date fair values regardless of whether the market condition is achieved, so long as the requisite service has been provided. Share Repurchase Program: Between 2013 and 2017, our Board of Directors authorized the repurchase of a total of $13.7 billion of our Common Stock through December 31, 2018 . On January 31, 2018 , our Finance Committee, with authorization delegated from our Board of Directors, approved an increase of $6.0 billion in the share repurchase program, raising the authorization to $19.7 billion of Common Stock repurchases, and extended the program through December 31, 2020 . Repurchases under the program are determined by management and are wholly discretionary. Prior to January 1, 2018, we had repurchased $13.0 billion of Common Stock pursuant to this authorization. During the six months ended June 30, 2018 , we repurchased approximately 27.6 million shares of Common Stock at an average cost of $41.65 per share, or an aggregate cost of approximately $1.2 billion , all of which was paid during the period. All share repurchases were funded through available cash and commercial paper issuances. As of June 30, 2018 , we have $5.5 billion in remaining share repurchase capacity.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies Legal Proceedings: We routinely are involved in legal proceedings, claims and governmental inspections or investigations (“Legal Matters”) arising in the ordinary course of our business. In February 2013 and March 2014, Cadbury India Limited (now known as Mondelez India Foods Private Limited), a subsidiary of Mondelēz International, and other parties received show cause notices from the Indian Central Excise Authority (the “Excise Authority”) calling upon the parties to demonstrate why the Excise Authority should not collect a total of 3.7 billion Indian rupees ( $55 million as of June 30, 2018 ) of unpaid excise tax and an equivalent amount of penalties, as well as interest, related to production at the same Indian facility. We contested these demands for unpaid excise taxes, penalties and interest. On March 27, 2015, after several hearings, the Commissioner of the Excise Authority issued an order denying the excise exemption that we claimed for the Indian facility and confirming the Excise Authority’s demands for total taxes and penalties in the amount of 5.8 billion Indian rupees ( $85 million as of June 30, 2018 ). We have appealed this order. In addition, the Excise Authority issued additional show cause notices in February 2015, December 2015 and October 2017 on the same issue but covering the periods January to October 2014, November 2014 to September 2015 and October 2015 to June 2017, respectively. These notices added a total of 4.9 billion Indian rupees ( $72 million as of June 30, 2018 ) of unpaid excise taxes as well as penalties to be determined up to an amount equivalent to that claimed by the Excise Authority plus interest. With the implementation of the new Goods and Services Tax in India in July 2017, we will not receive any further show cause notices for additional amounts on this issue. We believe that the decision to claim the excise tax benefit is valid and we are continuing to contest the show cause notices through the administrative and judicial process. On April 1, 2015 , the U.S. Commodity Futures Trading Commission ("CFTC") filed a complaint against Kraft Foods Group and Mondelēz Global LLC (“Mondelēz Global”) in the U.S. District Court for the Northern District of Illinois, Eastern Division (the “CFTC action”) following its investigation of activities related to the trading of December 2011 wheat futures contracts that occurred prior to the spin-off of Kraft Foods Group. The complaint alleges that Kraft Foods Group and Mondelēz Global (1) manipulated or attempted to manipulate the wheat markets during the fall of 2011; (2) violated position limit levels for wheat futures and (3) engaged in non-competitive trades by trading both sides of exchange-for-physical Chicago Board of Trade wheat contracts. The CFTC seeks civil monetary penalties of either triple the monetary gain for each violation of the Commodity Exchange Act (the “Act”) or $1 million for each violation of Section 6(c)(1), 6(c)(3) or 9(a)(2) of the Act and $140,000 for each additional violation of the Act, plus post-judgment interest; an order of permanent injunction prohibiting Kraft Foods Group and Mondelēz Global from violating specified provisions of the Act; disgorgement of profits; and costs and fees. Additionally, several class action complaints were filed against Kraft Foods Group and Mondelēz Global in the U.S. District Court for the Northern District of Illinois by investors in wheat futures and options on behalf of themselves and others similarly situated. The complaints make similar allegations as those made in the CFTC action and seek class action certification; an unspecified amount for damages, interest and unjust enrichment; costs and fees; and injunctive, declaratory and other unspecified relief. In June 2015, these suits were consolidated in the Northern District of Illinois. It is not possible to predict the outcome of these matters; however, based on our Separation and Distribution Agreement with Kraft Foods Group dated as of September 27, 2012, we expect to bear any monetary penalties or other payments in connection with the CFTC action. We are a party to various legal proceedings incidental to our business, including those noted above in this section. At present we believe that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm our financial position, results of operations or cash flows. However, legal proceedings and government investigations are subject to inherent uncertainties, and unfavorable rulings or other events could occur. Unfavorable resolutions could involve substantial monetary damages. In addition, in matters for which conduct remedies are sought, unfavorable resolutions could include an injunction or other order prohibiting us from selling one or more products at all or in particular ways, precluding particular business practices or requiring other remedies. An unfavorable outcome might result in a material adverse impact on our business, results of operations or financial position. Third-Party Guarantees: We enter into third-party guarantees primarily to cover long-term obligations of our vendors. As part of these transactions, we guarantee that third parties will make contractual payments or achieve performance measures. At June 30, 2018 , we had no material third-party guarantees recorded on our condensed consolidated balance sheet. Tax Matters: We are a party to various tax matter proceedings incidental to our business. These proceedings are subject to inherent uncertainties, and unfavorable outcomes could subject us to additional tax liabilities and could materially adversely impact our business, results of operations or financial position. A tax indemnification matter related to our 2007 acquisition of the LU biscuit business was closed during the quarter ended June 30, 2018. The closure had no impact on net earnings, however, it did result in a $15 million tax benefit that was fully offset by an $11 million expense in selling, general and administrative expenses and a $4 million expense in interest and other expense, net. As part of our 2010 Cadbury acquisition, we became the responsible party for tax matters under a February 2, 2006 dated Deed of Tax Covenant between the Cadbury Schweppes PLC and related entities (“Schweppes”) and Black Lion Beverages and related entities. The tax matters included an ongoing transfer pricing case with the Spanish tax authorities related to the Schweppes businesses Cadbury divested prior to our acquisition of Cadbury. During the first quarter of 2017, the Spanish Supreme Court decided the case in our favor. As a result of the final ruling, during the first quarter of 2017, we recorded a favorable earnings impact of $46 million in selling, general and administrative expenses and $12 million in interest and other expense, net, for a total pre-tax impact of $58 million due to the non-cash reversal of Cadbury-related accrued liabilities related to this matter. We recorded a total of $4 million of income over the third and fourth quarters of 2017 in connection with the related bank guarantee releases.

Reclassifications from Accumula

Reclassifications from Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Reclassifications from Accumulated Other Comprehensive Income	Note 13. Reclassifications from Accumulated Other Comprehensive Income The following table summarizes the changes in the accumulated balances of each component of accumulated other comprehensive earnings/(losses) attributable to Mondelēz International. Amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax) were net losses of $45 million in the second quarter of 2018 and $41 million in the second quarter of 2017 and $72 million in the first six months of 2018 and $83 million in the first six months of 2017 . For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Currency Translation Adjustments: Balance at beginning of period $ (7,549 ) $ (8,375 ) $ (7,741 ) $ (8,914 ) Currency translation adjustments (718 ) 252 (558 ) 764 Tax (expense)/benefit (156 ) 128 (109 ) 159 Other comprehensive earnings/(losses) (874 ) 380 (667 ) 923 Less: (earnings)/loss attributable to noncontrolling interests 12 (12 ) (3 ) (16 ) Balance at end of period (8,411 ) (8,007 ) (8,411 ) (8,007 ) Pension and Other Benefit Plans: Balance at beginning of period $ (2,150 ) $ (2,086 ) $ (2,144 ) $ (2,087 ) Net actuarial gain/(loss) arising during period 38 16 45 9 Tax (expense)/benefit on net actuarial gain/(loss) (9 ) (2 ) (9 ) — Losses/(gains) reclassified into net earnings: Amortization of experience losses and prior service costs (1) 44 42 91 83 Settlement losses and other expenses (1) 8 15 15 18 Tax expense/(benefit) on reclassifications (2) (12 ) (12 ) (25 ) (21 ) Currency impact 99 (92 ) 45 (121 ) Other comprehensive earnings/(losses) 168 (33 ) 162 (32 ) Balance at end of period (1,982 ) (2,119 ) (1,982 ) (2,119 ) Derivative Cash Flow Hedges: Balance at beginning of period $ (159 ) $ (103 ) $ (113 ) $ (121 ) Net derivative gains/(losses) 17 22 (12 ) 29 Tax (expense)/benefit on net derivative gain/(loss) (4 ) (1 ) (4 ) 4 Losses/(gains) reclassified into net earnings: Currency exchange contracts – forecasted transactions (3) — (1 ) — — Commodity contracts (3) — (2 ) — 6 Interest rate contracts (4) 7 — (11 ) — Tax expense/(benefit) on reclassifications (2) (2 ) (1 ) 2 (3 ) Currency impact 8 (5 ) 5 (6 ) Other comprehensive earnings/(losses) 26 12 (20 ) 30 Balance at end of period (133 ) (91 ) (133 ) (91 ) Accumulated other comprehensive income attributable to Mondelēz International: Balance at beginning of period $ (9,858 ) $ (10,564 ) $ (9,998 ) $ (11,122 ) Total other comprehensive earnings/(losses) (680 ) 359 (525 ) 921 Less: (earnings)/loss attributable to noncontrolling interests 12 (12 ) (3 ) (16 ) Other comprehensive earnings/(losses) attributable to Mondelēz International (668 ) 347 (528 ) 905 Balance at end of period $ (10,526 ) $ (10,217 ) $ (10,526 ) $ (10,217 ) (1) These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans . (2) Taxes reclassified to earnings are recorded within the provision for income taxes. (3) These reclassified gains or losses are recorded within cost of sales. (4) These reclassified gains or losses are recorded within interest and other expense, net.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 14. Income Taxes On December 22, 2017, the United States enacted tax reform legislation that included a broad range of business tax provisions, including a reduction in the U.S. federal tax rate from 35% to 21% . In addition to the tax rate reduction, the legislation establishes new provisions that affect our 2018 results, including but not limited to, the creation of a new minimum tax called the base erosion anti-abuse tax (BEAT); a new provision that taxes U.S. allocated expenses (e.g. interest and general administrative expenses) as well as currently taxes certain income from foreign operations (Global Intangible Low-Tax Income, or “GILTI”); a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries; a new limitation on deductible interest expense; the repeal of the domestic manufacturing deduction; and limitations on the deductibility of certain employee compensation. Certain impacts of the new legislation would have generally required accounting to be completed in the period of enactment, however in response to the complexities of this new legislation, the SEC issued guidance to provide companies with relief. The SEC provided up to a one-year window for companies to finalize the accounting for the impacts of this new legislation and we anticipate finalizing our accounting during 2018. While our accounting for the enactment of the new U.S. tax legislation is not complete, during the three months ended June 30, 2018, we recorded an additional $2 million discrete net tax benefit, consisting of an $8 million decrease in our transition tax liability that was partially offset by $6 million of costs from other provisional tax reform updates. During the six months ended June 30, 2018, we recorded $87 million in discrete net tax costs primarily comprised of an increase to our transition tax liability of $86 million as a result of additional guidance issued by the Internal Revenue Service and various state taxing authorities, new state legislation enacted during the period and further refinement of various components of the underlying calculations. Based on current tax laws, our estimated annual effective tax rate for 2018 , excluding discrete tax impacts, is 21.9% , reflecting favorable impacts from the mix of pre-tax income in various non-U.S. jurisdictions and the reduction in the U.S. federal tax rate, partially offset by unfavorable provisions within the new U.S. tax reform legislation. Our 2018 second quarter effective tax rate of 5.6% was favorably impacted by a discrete net tax benefit of $32 million . The discrete net tax benefit primarily consisted of $27 million benefit from the release of uncertain tax positions due to expirations of statutes of limitations and audit settlements in several jurisdictions. Our effective tax rate for the six months ended June 30, 2018 of 22.8% was unfavorably impacted by net tax expense of $14 million from discrete one-time events. The discrete net tax expense primarily consisted of $86 million of additional transition tax liability recognized as an adjustment to the prior provisional estimate, offset by $43 million benefit from the release of uncertain tax positions due to expirations of statutes of limitations and audit settlements in various jurisdictions and a $22 million benefit related to pending Argentinean refund claims. As of the end of the second quarter of 2017 , our estimated annual effective tax rate for 2017 , excluding discrete tax impacts, was 25.8% , reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions, partially offset by an increase in domestic earnings. Our 2017 second quarter effective tax rate of 16.2% was favorably impacted by net tax benefits from $47 million of discrete one-time events. The discrete net tax benefits primarily consisted of a $46 million benefit from release of uncertain tax positions due to expirations of statutes of limitations and audit settlements in several jurisdictions. Our effective tax rate for the six months ended June 30, 2017 of 19.2% was favorably impacted by net tax benefits of $83 million from discrete one-time events. The discrete net tax benefits primarily consisted of a $62 million benefit from the release of uncertain tax positions due to expirations of statutes of limitations and audit settlements in various jurisdictions and a $16 million benefit relating to the U.S. domestic production activities deduction.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings per Share	Note 15. Earnings per Share Basic and diluted earnings per share (“EPS”) were calculated as follows: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions, except per share data) Net earnings $ 325 $ 500 $ 1,269 $ 1,133 Noncontrolling interest (earnings) (2 ) (2 ) (8 ) (5 ) Net earnings attributable to Mondelēz International $ 323 $ 498 $ 1,261 $ 1,128 Weighted-average shares for basic EPS 1,475 1,519 1,482 1,524 Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares 13 20 14 20 Weighted-average shares for diluted EPS 1,488 1,539 1,496 1,544 Basic earnings per share attributable to Mondelēz International $ 0.22 $ 0.33 $ 0.85 $ 0.74 Diluted earnings per share attributable to Mondelēz International $ 0.22 $ 0.32 $ 0.84 $ 0.73 We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options of 12.7 million in the second quarter of 2018 and 8.6 million in the second quarter of 2017 and 11.2 million in the first six months of 2018 and 7.7 million in the first six months of 2017 .

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Reporting	Note 16. Segment Reporting We manufacture and market primarily snack food products, including biscuits (cookies, crackers and salted snacks), chocolate, gum & candy and various cheese & grocery products, as well as powdered beverage products. We manage our global business and report operating results through geographic units. We manage our operations by region to leverage regional operating scale, manage different and changing business environments more effectively and pursue growth opportunities as they arise in our key markets. Our regional management teams have responsibility for the business, product categories and financial results in the regions. We use segment operating income to evaluate segment performance and allocate resources. We believe it is appropriate to disclose this measure to help investors analyze segment performance and trends. Segment operating income excludes unrealized gains and losses on hedging activities (which are a component of cost of sales), general corporate expenses (which are a component of selling, general and administrative expenses) and amortization of intangibles, gains and losses on divestitures and acquisition-related costs (which are a component of selling, general and administrative expenses) in all periods presented. We exclude these items from segment operating income in order to provide better transparency of our segment operating results. Furthermore, we centrally manage benefit plan non-service income and interest and other expense, net. Accordingly, we do not present these items by segment because they are excluded from the segment profitability measure that management reviews. Our segment net revenues and earnings were: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Net revenues: Latin America $ 774 $ 848 $ 1,665 $ 1,758 AMEA 1,360 1,394 2,902 2,885 Europe 2,303 2,171 5,009 4,536 North America 1,675 1,573 3,301 3,221 Net revenues $ 6,112 $ 5,986 $ 12,877 $ 12,400 Earnings before income taxes: Operating income: Latin America $ 92 $ 102 $ 218 $ 213 AMEA 177 161 405 342 Europe 367 321 864 714 North America (95 ) 225 180 517 Unrealized gains/(losses) on hedging activities 88 (46 ) 294 (97 ) General corporate expenses (91 ) (80 ) (155 ) (137 ) Amortization of intangibles (44 ) (44 ) (88 ) (88 ) Loss on divestiture — (3 ) — (3 ) Acquisition-related costs (13 ) — (13 ) — Operating income 481 636 1,705 1,461 Benefit plan non-service income (1) 15 5 28 20 Interest and other expense, net (248 ) (124 ) (328 ) (243 ) Earnings before income taxes $ 248 $ 517 $ 1,405 $ 1,238 (1) During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line item, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income and segment operating income to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. Items impacting our segment operating results are discussed in Note 1, Basis of Presentation , Note 2, Divestitures and Acquisitions , Note 4, Property, Plant and Equipment , Note 5, Goodwill and Intangible Assets , Note 7, 2014-2018 Restructuring Program , and Note 12, Commitments and Contingencies . Also see Note 8, Debt and Borrowing Arrangements , and Note 9, Financial Instruments , for more information on our interest and other expense, net for each period. Net revenues by product category were: For the Three Months Ended June 30, 2018 Latin America AMEA Europe North America Total (in millions) Biscuits $ 192 $ 387 $ 810 $ 1,403 $ 2,792 Chocolate 161 440 1,003 46 1,650 Gum & Candy 224 236 200 226 886 Beverages 116 173 19 — 308 Cheese & Grocery 81 124 271 — 476 Total net revenues $ 774 $ 1,360 $ 2,303 $ 1,675 $ 6,112 For the Three Months Ended June 30, 2017 (1) Latin America AMEA Europe North America Total (in millions) Biscuits $ 200 $ 356 $ 734 $ 1,301 $ 2,591 Chocolate 194 424 930 50 1,598 Gum & Candy 241 238 204 222 905 Beverages 129 189 24 — 342 Cheese & Grocery 84 187 279 — 550 Total net revenues $ 848 $ 1,394 $ 2,171 $ 1,573 $ 5,986 For the Six Months Ended June 30, 2018 Latin America AMEA Europe North America Total (in millions) Biscuits $ 375 $ 829 $ 1,605 $ 2,736 $ 5,545 Chocolate 404 1,013 2,426 103 3,946 Gum & Candy 448 471 386 462 1,767 Beverages 277 345 47 — 669 Cheese & Grocery 161 244 545 — 950 Total net revenues $ 1,665 $ 2,902 $ 5,009 $ 3,301 $ 12,877 For the Six Months Ended June 30, 2017 (1) Latin America AMEA Europe North America Total (in millions) Biscuits $ 370 $ 756 $ 1,399 $ 2,634 $ 5,159 Chocolate 453 938 2,139 120 3,650 Gum & Candy 454 467 397 467 1,785 Beverages 322 362 65 — 749 Cheese & Grocery 159 362 536 — 1,057 Total net revenues $ 1,758 $ 2,885 $ 4,536 $ 3,221 $ 12,400 (1) During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Our interim condensed consolidated financial statements are unaudited. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted. It is management’s opinion that these financial statements include all normal and recurring adjustments necessary for a fair presentation of our results of operations, financial position and cash flows. Results of operations for any interim period are not necessarily indicative of future or annual results. For a complete set of consolidated financial statements and related notes, refer to our Annual Report on Form 10-K for the year ended December 31, 2017 .
Principles of Consolidation	Principles of Consolidation: The condensed consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries, except our Venezuelan subsidiaries. As of the close of the 2015 fiscal year, we deconsolidated and fully impaired our investment in our Venezuelan operations. As such, for all periods presented, we have excluded the results of operations, financial position and cash flows of our Venezuelan subsidiaries from our condensed consolidated financial statements. We account for investments over which we exercise significant influence under the equity method of accounting. Investments over which we do not have significant influence or control are not material and are carried at cost as there is no readily determinable fair value for the equity interests.
Currency Translation and Highly Inflationary Accounting	Currency Translation and Highly Inflationary Accounting : We translate the results of operations of our subsidiaries from multiple currencies using average exchange rates during each period and translate balance sheet accounts using exchange rates at the end of each period. We record currency translation adjustments as a component of equity and realized exchange gains and losses on transactions in earnings. Highly inflationary accounting is triggered when a country’s three-year cumulative inflation rate exceeds 100%. It requires the remeasurement of financial statements of subsidiaries in the country from the functional currency of the subsidiary to our U.S. dollar reporting currency, with currency remeasurement gains or losses recorded in earnings. As of June 30, 2018 , none of our consolidated subsidiaries were subject to highly inflationary accounting. As discussed below, beginning on July 1, 2018, we expect to apply highly inflationary accounting for our operations in Argentina. Argentina. During the quarter ended June 30, 2018 , primarily based on published estimates which indicate that Argentina's three-year cumulative inflation rate has exceeded 100%, we concluded that Argentina has become a highly inflationary economy. Beginning July 1, 2018, we expect to apply highly inflationary accounting for our Argentinian subsidiaries. We will change the functional currency from the Argentinian peso to the U.S. dollar. Local currency monetary assets and liabilities will be remeasured into U.S. dollars using exchange rates as of the latest balance sheet date, with remeasurement adjustments and other transaction gains and losses recognized in net earnings. Our Argentinian operations contributed $267 million , or 2.1% of consolidated net revenues in the six months ended June 30, 2018 . Based on a review of our Argentinian peso-denominated monetary assets and liabilities, our Argentinian operations had an immaterial net monetary liability position as of June 30, 2018 . Other Countries. Since we sell in approximately 160 countries and have operations in over 80 countries, we monitor economic and currency-related risks and seek to take protective measures in response to these exposures. Some of the countries in which we do business have recently experienced periods of significant economic uncertainty and exchange rate volatility, including Brazil, China, Mexico, Russia, United Kingdom (Brexit), Ukraine, Turkey, Egypt, Nigeria, South Africa and Pakistan. We continue to monitor operations, currencies and net monetary exposures in these countries. At this time, we do not anticipate that these countries are at risk of becoming highly inflationary countries.
Revenue Recognition	Revenue Recognition: We predominantly sell food and beverage products across several product categories and in all regions as detailed in Note 16, Segment Reporting . We recognize revenue when control over the products transfers to our customers, which generally occurs upon delivery or shipment of the products. A small percentage of our net revenues relates to the licensing of our intellectual property, predominantly brand and trade names, and we record these revenues when earned within the period of the license term. We account for product shipping, handling and insurance as fulfillment activities with revenues for these activities recorded within net revenue and costs recorded within cost of sales. Any taxes collected on behalf of government authorities are excluded from net revenues. Revenues are recorded net of trade and sales incentives and estimated product returns. Known or expected pricing or revenue adjustments, such as trade discounts, rebates or returns, are estimated at the time of sale. We base these estimates of expected amounts principally on historical utilization and redemption rates. Estimates that affect revenue, such as trade incentives and product returns, are monitored and adjusted each period until the incentives or product returns are realized. Key sales terms, such as pricing and quantities ordered, are established on a frequent basis such that most customer arrangements and related incentives have a one year or shorter duration. As such, we do not capitalize contract inception costs and we capitalize product fulfillment costs in accordance with U.S. GAAP and our inventory policies. We generally do not have any unbilled receivables at the end of a period. Deferred revenues are not material and primarily include customer advance payments typically collected a few days before product delivery, at which time deferred revenues are reclassified and recorded as net revenues. We generally do not receive noncash consideration for the sale of goods nor do we grant payment financing terms greater than one year.
Transfers of Financial Assets	Transfers of Financial Assets: We account for transfers of financial assets, such as uncommitted revolving non-recourse accounts receivable factoring arrangements, when we have surrendered control over the related assets. Determining whether control has transferred requires an evaluation of relevant legal considerations, an assessment of the nature and extent of our continuing involvement with the assets transferred and any other relevant considerations. We use receivable factoring arrangements periodically when circumstances are favorable to manage liquidity. We have non-recourse factoring arrangements in which we sell eligible trade receivables primarily to banks in exchange for cash. We may then continue to collect the receivables sold, acting solely as a collecting agent on behalf of the banks. The outstanding principal amount of receivables under these arrangements amounted to $719 million as of June 30, 2018 and $843 million as of December 31, 2017 . The incremental cost of factoring receivables under this arrangement was not material for all periods presented. The proceeds from the sales of receivables are included in cash from operating activities in the condensed consolidated statements of cash flows.
New Accounting Pronouncements	New Accounting Pronouncements: In June 2018, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") that requires entities to record share-based payment transactions for acquiring goods and services from non-employees at fair value as of adoption date. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements. In February 2018, the FASB issued an ASU that permits entities to elect a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the 2017 enactment of U.S. tax reform legislation. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact on our consolidated financial statements. In August 2017, the FASB issued an ASU to better align hedge accounting with an entity’s risk management activities and improve disclosures surrounding hedging. For cash flow and net investment hedges as of the adoption date, the ASU requires a modified retrospective transition approach. Presentation and disclosure requirements related to this ASU are required prospectively. The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We early adopted the standard as of January 1, 2018 and there was no material impact to our consolidated financial statements upon adoption. Refer to Note 9, Financial Instruments , for additional information. In February 2016, the FASB issued an ASU on lease accounting. The ASU revises existing U.S. GAAP and outlines a new model for lessors and lessees to use in accounting for lease contracts. The guidance requires lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases, with the exception of short-term leases. In the statement of earnings, lessees will classify leases as either operating (resulting in straight-line expense) or financing (resulting in a front-loaded expense pattern). The ASU is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We anticipate adopting the new standard on January 1, 2019. We continue to make progress in our data collection and evaluation of our leasing arrangements, practical expedients, accounting policy elections and implementing our lease accounting system. We completed the initial design of changes to our business processes to meet the new lease accounting and disclosure requirements. At this time, we are unable to reasonably estimate the expected increase in assets and liabilities on our balance sheet for our operating leases. In January 2016, the FASB issued an ASU that provides updated guidance for the recognition, measurement, presentation and disclosure of financial assets and liabilities. The standard requires that equity investments (other than those accounted for under equity method of accounting or those that result in consolidation of the investee) be measured at fair value, with changes in fair value recognized in net income. The standard also impacts financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. The ASU is effective for fiscal years beginning after December 15, 2017. We adopted this standard on January 1, 2018 and there was no material impact to our consolidated financial statements upon adoption. In May 2014, the FASB issued an ASU on revenue recognition from contracts with customers. The ASU outlines a new, single comprehensive model for companies to use in accounting for revenue. The core principle is that an entity should recognize revenue to depict the transfer of control over promised goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for the goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts, including significant judgments made in recognizing revenue. In 2016 and 2017, the FASB issued several ASUs that clarified principal versus agent (gross versus net) revenue presentation considerations, confirmed the accounting for certain prepaid stored-value products and clarified the guidance for identifying performance obligations within a contract, the accounting for licenses and partial sales of nonfinancial assets. The FASB also issued two ASUs providing technical corrections, narrow scope exceptions and practical expedients to clarify and improve the implementation of the new revenue recognition guidance. The revenue guidance is effective for annual reporting periods beginning after December 15, 2017. We adopted the new standard on January 1, 2018 on a full retrospective basis. There was no material financial impact from adopting the new revenue standards in any of the historical periods presented. On January 1, 2018, we adopted an ASU that changed the presentation of net periodic pension and postretirement costs on the condensed consolidated statements of earnings. As a result of this adoption, we disaggregated the components of our net periodic pension and postretirement benefit costs and moved components other than service costs to a new line item, benefit plan non-service income, located below operating income. Prior-period cost of sales, selling, general and administrative expenses and asset impairment and exit costs as well as segment operating income results were updated to reflect the reclassification.
Reclassifications	Reclassifications: Certain amounts previously reported have been reclassified to conform to current-year presentation.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Components of Inventories	Inventories consisted of the following: As of June 30, As of December 31, (in millions) Raw materials $ 726 $ 711 Finished product 2,070 1,975 2,796 2,686 Inventory reserves (113 ) (129 ) Inventories, net $ 2,683 $ 2,557

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Line Items]
Schedule of Components of Property, Plant and Equipment	Property, plant and equipment consisted of the following: As of June 30, As of December 31, (in millions) Land and land improvements $ 439 $ 458 Buildings and building improvements 2,950 2,979 Machinery and equipment 10,947 11,195 Construction in progress 984 1,048 15,320 15,680 Accumulated depreciation (6,936 ) (7,003 ) Property, plant and equipment, net $ 8,384 $ 8,677
2014-2018 Restructuring Program
Property, Plant and Equipment [Line Items]
Schedule of Restructuring Charges Related to Property, Plant and Equipment	During the three and six months ended June 30, 2018 and June 30, 2017 , and since inception of the 2014-2018 Restructuring Program, we recorded the following restructuring and implementation costs within segment operating income and earnings before income taxes: Latin America AMEA Europe North America (1) Corporate (2) Total (in millions) For the Three Months Ended June 30, 2018 Restructuring Costs $ 12 $ 17 $ 63 $ 14 $ 6 $ 112 Implementation Costs 15 8 13 21 13 70 Total $ 27 $ 25 $ 76 $ 35 $ 19 $ 182 For the Three Months Ended June 30, 2017 Restructuring Costs $ 8 $ 48 $ 50 $ 26 $ 16 $ 148 Implementation Costs 10 10 19 13 11 63 Total $ 18 $ 58 $ 69 $ 39 $ 27 $ 211 For the Six Months Ended Restructuring Costs $ 36 $ 23 $ 70 $ 26 $ 9 $ 164 Implementation Costs 30 20 29 38 15 132 Total $ 66 $ 43 $ 99 $ 64 $ 24 $ 296 For the Six Months Ended Restructuring Costs $ 31 $ 73 $ 119 $ 65 $ 17 $ 305 Implementation Costs 20 20 31 25 21 117 Total $ 51 $ 93 $ 150 $ 90 $ 38 $ 422 Total Project 2014-2018 (3) Restructuring Costs $ 466 $ 471 $ 909 $ 445 $ 107 $ 2,398 Implementation Costs 182 149 301 291 236 1,159 Total $ 648 $ 620 $ 1,210 $ 736 $ 343 $ 3,557 (1) During 2018 and 2017 , our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business. (2) During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income, segment operating income and restructuring and implementation costs by segment to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. The benefit plan non-service income amounts no longer recorded in segment operating income are included within the Corporate column in the table above. The Corporate column also includes minor adjustments for rounding. (3) Includes all charges recorded since program inception on May 6, 2014 through June 30, 2018 .
Property Plant and Equipment | Asset impairment and exit costs
Property, Plant and Equipment [Line Items]
Schedule of Restructuring Charges Related to Property, Plant and Equipment	In connection with our restructuring program, we recorded non-cash property, plant and equipment write-downs (including accelerated depreciation and asset impairments) in the condensed consolidated statements of earnings within asset impairment and exit costs and within the segment results as follows (refer to Note 7, 2014-2018 Restructuring Program ). For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Latin America $ 6 $ 6 $ 14 $ 12 AMEA 4 30 8 42 Europe 1 4 6 42 North America 2 7 8 22 Non-cash property, plant and equipment write-downs $ 13 $ 47 $ 36 $ 118

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill by Segment	Goodwill by segment was: As of June 30, As of December 31, (in millions) Latin America $ 821 $ 901 AMEA 3,289 3,371 Europe 7,655 7,880 North America 9,237 8,933 Goodwill $ 21,002 $ 21,085
Schedule of Intangible Assets Disclosure	Intangible assets consisted of the following: As of June 30, As of December 31, (in millions) Non-amortizable intangible assets $ 17,463 $ 17,671 Amortizable intangible assets 2,363 2,386 19,826 20,057 Accumulated amortization (1,464 ) (1,418 ) Intangible assets, net $ 18,362 $ 18,639
Schedule of Changes in Goodwill and Intangible Assets	Changes in goodwill and intangible assets consisted of: Goodwill Intangible Assets, at cost (in millions) Balance at January 1, 2018 $ 21,085 $ 20,057 Currency/other (420 ) (441 ) Acquisition 337 210 Balance at June 30, 2018 $ 21,002 $ 19,826

2014-2018 Restructuring Progr29

2014-2018 Restructuring Program (Tables) - 2014-2018 Restructuring Program	6 Months Ended
	Jun. 30, 2018
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Program Liability	The 2014-2018 Restructuring Program liability activity for the six months ended June 30, 2018 was: Severance and related costs Asset Write-downs Total (in millions) Liability balance, January 1, 2018 $ 464 $ — $ 464 Charges 125 39 164 Cash spent (161 ) — (161 ) Non-cash settlements/adjustments — (39 ) (39 ) Currency (24 ) — (24 ) Liability balance, June 30, 2018 $ 404 $ — $ 404
Schedule of Restructuring and Implementation Costs by Segment	During the three and six months ended June 30, 2018 and June 30, 2017 , and since inception of the 2014-2018 Restructuring Program, we recorded the following restructuring and implementation costs within segment operating income and earnings before income taxes: Latin America AMEA Europe North America (1) Corporate (2) Total (in millions) For the Three Months Ended June 30, 2018 Restructuring Costs $ 12 $ 17 $ 63 $ 14 $ 6 $ 112 Implementation Costs 15 8 13 21 13 70 Total $ 27 $ 25 $ 76 $ 35 $ 19 $ 182 For the Three Months Ended June 30, 2017 Restructuring Costs $ 8 $ 48 $ 50 $ 26 $ 16 $ 148 Implementation Costs 10 10 19 13 11 63 Total $ 18 $ 58 $ 69 $ 39 $ 27 $ 211 For the Six Months Ended Restructuring Costs $ 36 $ 23 $ 70 $ 26 $ 9 $ 164 Implementation Costs 30 20 29 38 15 132 Total $ 66 $ 43 $ 99 $ 64 $ 24 $ 296 For the Six Months Ended Restructuring Costs $ 31 $ 73 $ 119 $ 65 $ 17 $ 305 Implementation Costs 20 20 31 25 21 117 Total $ 51 $ 93 $ 150 $ 90 $ 38 $ 422 Total Project 2014-2018 (3) Restructuring Costs $ 466 $ 471 $ 909 $ 445 $ 107 $ 2,398 Implementation Costs 182 149 301 291 236 1,159 Total $ 648 $ 620 $ 1,210 $ 736 $ 343 $ 3,557 (1) During 2018 and 2017 , our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business. (2) During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income, segment operating income and restructuring and implementation costs by segment to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. The benefit plan non-service income amounts no longer recorded in segment operating income are included within the Corporate column in the table above. The Corporate column also includes minor adjustments for rounding. (3) Includes all charges recorded since program inception on May 6, 2014 through June 30, 2018 .

Debt and Borrowing Arrangemen30

Debt and Borrowing Arrangements (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Short-Term Borrowings and Related Weighted-Average Interest Rates	Our short-term borrowings and related weighted-average interest rates consisted of: As of June 30, 2018 As of December 31, 2017 Amount Outstanding Weighted- Average Rate Amount Outstanding Weighted- Average Rate (in millions) (in millions) Commercial paper $ 3,900 2.4 % $ 3,410 1.7 % Bank loans 174 13.4 % 107 11.5 % Total short-term borrowings $ 4,074 $ 3,517
Schedule of Interest and Other Expense	Interest and other expense, net consisted of: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Interest expense, debt $ 115 $ 103 $ 217 $ 206 Loss on debt extinguishment 140 11 140 11 Loss/(gain) related to interest rate swaps 5 — (9 ) — Other (income)/expense, net (12 ) 10 (20 ) 26 Interest and other expense, net $ 248 $ 124 $ 328 $ 243

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Cash Flow Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Cash Flow Hedges Effect on Accumulated Other Comprehensive Earnings/(Losses), Net of Taxes	Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings/(losses) included: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Accumulated (loss)/gain at beginning of period $ (159 ) $ (103 ) $ (113 ) $ (121 ) Transfer of realized (gains)/losses in fair value to earnings 5 (4 ) (9 ) 3 Unrealized gain/(loss) in fair value 21 16 (11 ) 27 Accumulated (loss)/gain at end of period $ (133 ) $ (91 ) $ (133 ) $ (91 )
Schedule of Effects of Derivative Instruments	After-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings were: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Currency exchange contracts – forecasted transactions $ — $ 1 $ — $ 1 Commodity contracts $ — $ 3 $ — $ (4 ) Interest rate contracts (5 ) — 9 — Total $ (5 ) $ 4 $ 9 $ (3 ) After-tax gains/(losses) recognized in other comprehensive earnings/(losses) were: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Currency exchange contracts – forecasted transactions $ — $ (14 ) $ — $ (26 ) Commodity contracts — 6 — 6 Interest rate contracts 21 24 (11 ) 47 Total $ 21 $ 16 $ (11 ) $ 27
Fair Value Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Effects of Derivative Instruments	Pre-tax gains/(losses) due to changes in fair value of our interest rate swaps and related hedged long-term debt were recorded in interest and other expense, net: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Borrowings $ — $ 1 $ 1 $ (2 ) Derivatives — (1 ) (1 ) 2 Total $ — $ — $ — $ —
Economic Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Effects of Derivative Instruments	Pre-tax gains/(losses) recorded in net earnings for economic hedges were: For the Three Months Ended June 30, For the Six Months Ended Location of Gain/(Loss) Recognized in Earnings 2018 2017 2018 2017 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ 7 $ 3 $ 14 $ 5 Interest and other expense, net Forecasted transactions 72 18 65 2 Cost of sales Forecasted transactions — 1 (5 ) (2 ) Interest and other expense, net Forecasted transactions (1 ) 2 (4 ) 2 Selling, general and administrative expenses Commodity contracts (48 ) (97 ) 101 (160 ) Cost of sales Total $ 30 $ (73 ) $ 171 $ (153 )
Net investment hedge debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Hedges of Net Investments in International Operations	After-tax gains/(losses) related to hedges of net investments in international operations in the form of euro, British pound sterling, Swiss franc and Canadian dollar-denominated debt were recorded within the cumulative translation adjustment section of other comprehensive income and were: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Euro notes $ 151 $ (168 ) $ 76 $ (196 ) British pound sterling notes 21 (10 ) 8 (15 ) Swiss franc notes 42 (49 ) 16 (64 ) Canadian notes 6 — 4 —
Derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Fair Value of Derivatives Instruments	Derivative instruments were recorded at fair value in the condensed consolidated balance sheets as follows: As of June 30, 2018 As of December 31, 2017 Asset Derivatives Liability Derivatives Asset Derivatives Liability Derivatives (in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 20 $ 403 $ 15 $ 509 Net investment hedge contracts 385 — — — $ 405 $ 403 $ 15 $ 509 Derivatives not designated as accounting hedges: Currency exchange contracts $ 111 $ 53 $ 65 $ 76 Commodity contracts 217 122 84 229 Interest rate contracts 7 5 15 11 $ 335 $ 180 $ 164 $ 316 Total fair value $ 740 $ 583 $ 179 $ 825
Schedule of Derivative Instruments Fair Value and Measurement Inputs	The fair values (asset/(liability)) of our derivative instruments were determined using: As of June 30, 2018 Total Fair Value of Net Asset/(Liability) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in millions) Currency exchange contracts $ 58 $ — $ 58 $ — Commodity contracts 95 65 30 — Interest rate contracts (381 ) — (381 ) — Net investment hedge contracts 385 — 385 — Total derivatives $ 157 $ 65 $ 92 $ — As of December 31, 2017 Total Fair Value of Net Asset/(Liability) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in millions) Currency exchange contracts $ (11 ) $ — $ (11 ) $ — Commodity contracts (145 ) (138 ) (7 ) — Interest rate contracts (490 ) — (490 ) — Total derivatives $ (646 ) $ (138 ) $ (508 ) $ —
Schedule of Notional Values of Derivative Instruments	The net notional values of our hedging instruments were: Notional Amount As of June 30, 2018 As of December 31, 2017 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ 3,378 $ 7,089 Forecasted transactions 2,355 2,213 Commodity contracts 580 1,204 Interest rate contracts 9,117 6,532 Net investment hedge contracts 7,114 — Net investment hedge debt: Euro notes 3,581 3,679 British pound sterling notes 448 459 Swiss franc notes 1,413 1,694 Canadian dollar notes 457 —
Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Notional Values of Derivative Instruments	The carrying amount of our hedged fixed interest rate debt is detailed below and is recorded in the current portion of long-term debt as this debt will mature during the third quarter of 2018. As of June 30, 2018 As of December 31, 2017 (in millions) Notional value of borrowings (and related derivatives) $ (279 ) $ (801 ) Cumulative fair value hedging adjustments (1 ) — Carrying amount of borrowings $ (280 ) $ (801 )

Benefit Plans (Tables)

Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2018
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of Components of Net Costs	Net periodic pension cost consisted of the following: U.S. Plans Non-U.S. Plans For the Three Months Ended For the Three Months Ended 2018 2017 2018 2017 (in millions) Service cost $ 10 $ 10 $ 37 $ 38 Interest cost 15 16 50 49 Expected return on plan assets (22 ) (25 ) (114 ) (108 ) Amortization: Net loss from experience differences 9 9 42 40 Prior service cost/(benefit) — — (1 ) — Settlement losses and other expenses 8 18 — 1 Net periodic pension cost $ 20 $ 28 $ 14 $ 20 U.S. Plans Non-U.S. Plans For the Six Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Service cost $ 22 $ 22 $ 75 $ 77 Interest cost 30 31 102 97 Expected return on plan assets (44 ) (50 ) (231 ) (212 ) Amortization: Net loss from experience differences 20 17 84 81 Prior service cost/(benefit) 1 1 (1 ) (1 ) Settlement losses and other expenses 15 21 — 2 Net periodic pension cost $ 44 $ 42 $ 29 $ 44
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of Components of Net Costs	Net periodic postretirement health care benefit consisted of the following: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Service cost $ 1 $ 2 $ 3 $ 4 Interest cost 3 3 7 7 Amortization: Net loss from experience differences 3 4 7 7 Prior service credit (1) (9 ) (10 ) (19 ) (20 ) Net periodic postretirement health care benefit $ (2 ) $ (1 ) $ (2 ) $ (2 ) (1) Amortization of prior service credit included gains of $8 million for the three months ended June 30, 2018 and June 30, 2017 and $16 million for the six months ended June 30, 2018 and June 30, 2017 related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants.
Postemployment Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of Components of Net Costs	Net periodic postemployment cost consisted of the following: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Service cost $ 1 $ 2 $ 3 $ 3 Interest cost 1 1 2 2 Amortization of net gains — (1 ) (1 ) (2 ) Net periodic postemployment cost $ 2 $ 2 $ 4 $ 3

Stock Plans (Tables)

Stock Plans (Tables)	6 Months Ended
	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Options Activity	Stock option activity is reflected below: Shares Subject to Option Weighted- Average Exercise or Grant Price Per Share Average Remaining Contractual Term Aggregate Intrinsic Value Balance at January 1, 2018 48,434,655 $29.92 5 years $ 626 million Annual grant to eligible employees 5,666,530 43.51 Additional options issued 82,720 40.82 Total options granted 5,749,250 43.47 Options exercised (1) (4,541,932 ) 25.60 $ 81 million Options canceled (541,994 ) 38.39 Balance at June 30, 2018 49,099,979 31.81 6 years $ 478 million (1) Cash received from options exercised was $31 million in the three months and $116 million in the six months ended June 30, 2018 . The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $1 million in the three months and $9 million in the six months ended June 30, 2018 .
Deferred Stock Units, Performance Units and Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Performance Share Units and Stock-Based Awards Activity	Our performance share unit, deferred stock unit and historically granted restricted stock activity is reflected below: Number of Shares Grant Date Weighted-Average Fair Value Per Share (3) Weighted-Average Aggregate Fair Value (3) Balance at January 1, 2018 7,669,705 $39.74 Annual grant to eligible employees: Feb 22, 2018 Performance share units 1,048,770 51.23 Deferred stock units 788,310 43.51 Additional shares granted (1) 306,426 Various 40.97 Total shares granted 2,143,506 46.92 $ 101 million Vested (2) (2,162,663 ) 38.33 $ 83 million Forfeited (2) (352,565 ) 40.10 Balance at June 30, 2018 7,297,983 42.25 (1) Includes performance share units and deferred stock units. (2) Includes performance share units, deferred stock units and historically granted restricted stock. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled less than $1 million in the three months and $4 million in the six months ended June 30, 2018 . (3) The grant date fair value of performance share units is determined based on the Monte Carlo simulation model for the market-based total shareholder return component and the closing market price of the Company’s stock on the grant date for performance-based components. The Monte Carlo simulation model incorporates the probability of achieving the total shareholder return market condition. Compensation expense is recognized using the grant date fair values regardless of whether the market condition is achieved, so long as the requisite service has been provided.

Reclassifications from Accumu34

Reclassifications from Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Earnings/(Losses)	The following table summarizes the changes in the accumulated balances of each component of accumulated other comprehensive earnings/(losses) attributable to Mondelēz International. Amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax) were net losses of $45 million in the second quarter of 2018 and $41 million in the second quarter of 2017 and $72 million in the first six months of 2018 and $83 million in the first six months of 2017 . For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Currency Translation Adjustments: Balance at beginning of period $ (7,549 ) $ (8,375 ) $ (7,741 ) $ (8,914 ) Currency translation adjustments (718 ) 252 (558 ) 764 Tax (expense)/benefit (156 ) 128 (109 ) 159 Other comprehensive earnings/(losses) (874 ) 380 (667 ) 923 Less: (earnings)/loss attributable to noncontrolling interests 12 (12 ) (3 ) (16 ) Balance at end of period (8,411 ) (8,007 ) (8,411 ) (8,007 ) Pension and Other Benefit Plans: Balance at beginning of period $ (2,150 ) $ (2,086 ) $ (2,144 ) $ (2,087 ) Net actuarial gain/(loss) arising during period 38 16 45 9 Tax (expense)/benefit on net actuarial gain/(loss) (9 ) (2 ) (9 ) — Losses/(gains) reclassified into net earnings: Amortization of experience losses and prior service costs (1) 44 42 91 83 Settlement losses and other expenses (1) 8 15 15 18 Tax expense/(benefit) on reclassifications (2) (12 ) (12 ) (25 ) (21 ) Currency impact 99 (92 ) 45 (121 ) Other comprehensive earnings/(losses) 168 (33 ) 162 (32 ) Balance at end of period (1,982 ) (2,119 ) (1,982 ) (2,119 ) Derivative Cash Flow Hedges: Balance at beginning of period $ (159 ) $ (103 ) $ (113 ) $ (121 ) Net derivative gains/(losses) 17 22 (12 ) 29 Tax (expense)/benefit on net derivative gain/(loss) (4 ) (1 ) (4 ) 4 Losses/(gains) reclassified into net earnings: Currency exchange contracts – forecasted transactions (3) — (1 ) — — Commodity contracts (3) — (2 ) — 6 Interest rate contracts (4) 7 — (11 ) — Tax expense/(benefit) on reclassifications (2) (2 ) (1 ) 2 (3 ) Currency impact 8 (5 ) 5 (6 ) Other comprehensive earnings/(losses) 26 12 (20 ) 30 Balance at end of period (133 ) (91 ) (133 ) (91 ) Accumulated other comprehensive income attributable to Mondelēz International: Balance at beginning of period $ (9,858 ) $ (10,564 ) $ (9,998 ) $ (11,122 ) Total other comprehensive earnings/(losses) (680 ) 359 (525 ) 921 Less: (earnings)/loss attributable to noncontrolling interests 12 (12 ) (3 ) (16 ) Other comprehensive earnings/(losses) attributable to Mondelēz International (668 ) 347 (528 ) 905 Balance at end of period $ (10,526 ) $ (10,217 ) $ (10,526 ) $ (10,217 ) (1) These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans . (2) Taxes reclassified to earnings are recorded within the provision for income taxes. (3) These reclassified gains or losses are recorded within cost of sales. (4) These reclassified gains or losses are recorded within interest and other expense, net.

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Earnings Per Share	Basic and diluted earnings per share (“EPS”) were calculated as follows: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions, except per share data) Net earnings $ 325 $ 500 $ 1,269 $ 1,133 Noncontrolling interest (earnings) (2 ) (2 ) (8 ) (5 ) Net earnings attributable to Mondelēz International $ 323 $ 498 $ 1,261 $ 1,128 Weighted-average shares for basic EPS 1,475 1,519 1,482 1,524 Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares 13 20 14 20 Weighted-average shares for diluted EPS 1,488 1,539 1,496 1,544 Basic earnings per share attributable to Mondelēz International $ 0.22 $ 0.33 $ 0.85 $ 0.74 Diluted earnings per share attributable to Mondelēz International $ 0.22 $ 0.32 $ 0.84 $ 0.73

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Net Revues and Earnings	Our segment net revenues and earnings were: For the Three Months Ended For the Six Months Ended 2018 2017 2018 2017 (in millions) Net revenues: Latin America $ 774 $ 848 $ 1,665 $ 1,758 AMEA 1,360 1,394 2,902 2,885 Europe 2,303 2,171 5,009 4,536 North America 1,675 1,573 3,301 3,221 Net revenues $ 6,112 $ 5,986 $ 12,877 $ 12,400 Earnings before income taxes: Operating income: Latin America $ 92 $ 102 $ 218 $ 213 AMEA 177 161 405 342 Europe 367 321 864 714 North America (95 ) 225 180 517 Unrealized gains/(losses) on hedging activities 88 (46 ) 294 (97 ) General corporate expenses (91 ) (80 ) (155 ) (137 ) Amortization of intangibles (44 ) (44 ) (88 ) (88 ) Loss on divestiture — (3 ) — (3 ) Acquisition-related costs (13 ) — (13 ) — Operating income 481 636 1,705 1,461 Benefit plan non-service income (1) 15 5 28 20 Interest and other expense, net (248 ) (124 ) (328 ) (243 ) Earnings before income taxes $ 248 $ 517 $ 1,405 $ 1,238 (1) During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line item, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income and segment operating income to reflect this reclassification, which had no impact to earnings before income taxes or net earnings.
Schedule of Net Revenues by Product Category	Net revenues by product category were: For the Three Months Ended June 30, 2018 Latin America AMEA Europe North America Total (in millions) Biscuits $ 192 $ 387 $ 810 $ 1,403 $ 2,792 Chocolate 161 440 1,003 46 1,650 Gum & Candy 224 236 200 226 886 Beverages 116 173 19 — 308 Cheese & Grocery 81 124 271 — 476 Total net revenues $ 774 $ 1,360 $ 2,303 $ 1,675 $ 6,112 For the Three Months Ended June 30, 2017 (1) Latin America AMEA Europe North America Total (in millions) Biscuits $ 200 $ 356 $ 734 $ 1,301 $ 2,591 Chocolate 194 424 930 50 1,598 Gum & Candy 241 238 204 222 905 Beverages 129 189 24 — 342 Cheese & Grocery 84 187 279 — 550 Total net revenues $ 848 $ 1,394 $ 2,171 $ 1,573 $ 5,986 For the Six Months Ended June 30, 2018 Latin America AMEA Europe North America Total (in millions) Biscuits $ 375 $ 829 $ 1,605 $ 2,736 $ 5,545 Chocolate 404 1,013 2,426 103 3,946 Gum & Candy 448 471 386 462 1,767 Beverages 277 345 47 — 669 Cheese & Grocery 161 244 545 — 950 Total net revenues $ 1,665 $ 2,902 $ 5,009 $ 3,301 $ 12,877 For the Six Months Ended June 30, 2017 (1) Latin America AMEA Europe North America Total (in millions) Biscuits $ 370 $ 756 $ 1,399 $ 2,634 $ 5,159 Chocolate 453 938 2,139 120 3,650 Gum & Candy 454 467 397 467 1,785 Beverages 322 362 65 — 749 Cheese & Grocery 159 362 536 — 1,057 Total net revenues $ 1,758 $ 2,885 $ 4,536 $ 3,221 $ 12,400 (1) During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018USD ($)SubsidiaryCountry	Jun. 30, 2017USD ($)	[1]	Jun. 30, 2018USD ($)SubsidiaryCountry	Jun. 30, 2017USD ($)	[1]	Dec. 31, 2017USD ($)
Summary of Significant Accounting Policies [Line Items]
Number of consolidated subsidiaries subject to highly inflationary accounting | Subsidiary	0			0
Net revenues	$ 6,112	$ 5,986		$ 12,877	$ 12,400
Number of countries in which products are sold | Country	160			160
Number of countries in which entity operates (more than) | Country	80			80
Outstanding principal amount of receivables sold under factoring arrangement	$ 719			$ 719			$ 843
Argentina
Summary of Significant Accounting Policies [Line Items]
Net revenues				$ 267
Percentage of consolidated net revenues				2.10%
[1]	During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.

Divestitures and Acquisitions -

Divestitures and Acquisitions - Acquisitions (Details) - USD ($) $ in Millions	Jun. 07, 2018	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Business Acquisition [Line Items]
Payment to acquire business, net of cash received		$ 528	$ 0
Goodwill		21,002		$ 21,085
North America
Business Acquisition [Line Items]
Goodwill		$ 9,237		$ 8,933
Tate’s Bake Shop | North America
Business Acquisition [Line Items]
Payment to acquire business, net of cash received	$ 528
Definite-lived intangibles assets acquired	40
Indefinite-lived intangibles assets acquired	170
Goodwill	337
Property, plant, and equipment acquired	14
Inventory acquired	5
Accounts receivable acquired	9
Current liabilities assumed	6
Deferred tax liabilities assumed	$ 41

Divestitures and Acquisitions39

Divestitures and Acquisitions - Divestitures (Details) € in Millions, $ in Millions, ¥ in Billions	Dec. 28, 2017USD ($)	Dec. 28, 2017JPY (¥)	Oct. 23, 2017EUR (€)	Oct. 23, 2017USD ($)	Oct. 02, 2017USD ($)	Aug. 17, 2017EUR (€)	Aug. 17, 2017USD ($)	Jul. 04, 2017USD ($)	Jul. 04, 2017AUD ($)	Apr. 28, 2017EUR (€)	Apr. 28, 2017USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017AUD ($)
Business Combination, Separately Recognized Transactions [Line Items]
Proceeds from sale of equity method investments					$ 65,000,000
Gain on sale of equity method investment					40,000,000
Tax on gain on sale of equity method investment					$ 15,000,000
Loss on divestiture												$ 0				$ (3,000,000)	$ 0	$ (3,000,000)
Proceeds from sale of property, plant and equipment and other																	$ 19,000,000	33,000,000
Europe | Disposal Group, Disposed of by Sale, Not Discontinued Operations | KHC
Business Combination, Separately Recognized Transactions [Line Items]
Proceeds from divestiture of businesses			€ 2	$ 3,000,000		€ 9	$ 11,000,000
Japan | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Combination, Separately Recognized Transactions [Line Items]
Proceeds from divestiture of businesses	$ 24,000,000	¥ 2.8
Australia and New Zealand | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Combination, Separately Recognized Transactions [Line Items]
Proceeds from divestiture of businesses								$ 347,000,000	$ 456
Disposal group, including discontinued operation, other current assets								27,000,000
Disposal group, including discontinued operation, other non current assets								135,000,000
Disposal group, including discontinued operation, other current liabilities								4,000,000
Loss on divestiture								$ 187,000,000	$ 247										$ 190
Costs related to divestiture														$ 3,000,000	$ 2,000,000
Inventory-related working capital adjustments														$ 3,000,000
France | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Combination, Separately Recognized Transactions [Line Items]
Disposal group, including discontinued operation, other current assets											$ 44,000,000
Disposal group, including discontinued operation, other non current assets											155,000,000
Disposal group, including discontinued operation, other current liabilities											8,000,000
Loss on divestiture																(3,000,000)
Costs related to divestiture																$ 3,000,000		$ 21,000,000
Proceeds from sale of property, plant and equipment and other										€ 157	169,000,000
Disposal group, including discontinued operation, other non current liabilities											$ 22,000,000
Disposal group, including discontinued operations, reversed accrued expenses													$ 3,000,000

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 726	$ 711
Finished product	2,070	1,975
Inventories, gross	2,796	2,686
Inventory reserves	(113)	(129)
Inventories, net	$ 2,683	$ 2,557

Property, Plant and Equipment41

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 15,320	$ 15,680
Accumulated depreciation	(6,936)	(7,003)
Property, plant and equipment, net	8,384	8,677
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	439	458
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,950	2,979
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,947	11,195
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 984	$ 1,048

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Property, Plant and Equipment [Line Items]
Capital expenditures	$ 532	$ 488
Accrued capital expenditures unpaid	268	190
Payments for capital expenditures accrued in the prior year	$ 357	$ 343

Property, Plant and Equipment43

Property, Plant and Equipment - Asset Impairment and Exit Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs			$ 43	$ 168
2014-2018 Restructuring Program
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	$ 13	$ 47	36	118
2014-2018 Restructuring Program | Latin America
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	6	6	14	12
2014-2018 Restructuring Program | AMEA
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	4	30	8	42
2014-2018 Restructuring Program | Europe
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	1	4	6	42
2014-2018 Restructuring Program | North America
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	$ 2	$ 7	$ 8	$ 22

Goodwill and Intangible Asset44

Goodwill and Intangible Assets - Goodwill by Segment (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Goodwill	$ 21,002	$ 21,085
Latin America
Segment Reporting Information [Line Items]
Goodwill	821	901
AMEA
Segment Reporting Information [Line Items]
Goodwill	3,289	3,371
Europe
Segment Reporting Information [Line Items]
Goodwill	7,655	7,880
North America
Segment Reporting Information [Line Items]
Goodwill	$ 9,237	$ 8,933

Goodwill and Intangible Asset45

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Non-amortizable intangible assets	$ 17,463	$ 17,671
Amortizable intangible assets	2,363	2,386
Total intangible assets, gross	19,826	20,057
Accumulated amortization	(1,464)	(1,418)
Intangible assets, net	$ 18,362	$ 18,639

Goodwill and Intangible Asset46

Goodwill and Intangible Assets - Additional Information (Details) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018USD ($)	Sep. 30, 2017USD ($)Brand	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 07, 2018USD ($)	Dec. 31, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense for intangible assets	$ 44		$ 44	$ 88	$ 88
Estimated amortization expense in year 1	175			175
Estimated amortization expense in year 2	175			175
Estimated amortization expense in year 3	175			175
Estimated amortization expense in year 4	85			85
Estimated amortization expense in year 5	85			85
Goodwill	21,002			21,002			$ 21,085
Trademarks
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible asset impairment		$ 70
Number of impaired trademarks | Brand		5
Number of trademarks with fair value in excess of book value, 10% or less | Brand		13
Book value of trademarks with fair value in excess of book value, 10% or less	938			938
North America
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill	$ 9,237			$ 9,237			$ 8,933
Tate’s Bake Shop | North America
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill						$ 337
Intangible assets acquired						$ 210

Goodwill and Intangible Asset47

Goodwill and Intangible Assets - Changes in Goodwill and Intangible Assets (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Goodwill
Balance at January 1, 2018	$ 21,085
Currency/other	(420)
Acquisition	337
Balance at June 30, 2018	21,002
Intangible Assets, at cost
Balance at January 1, 2018	20,057
Currency/other	(441)
Acquisition	210
Balance at June 30, 2018	$ 19,826

Equity Method Investments (Deta

Equity Method Investments (Details) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jul. 09, 2018director	Dec. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 6,223				$ 6,223			$ 6,345
Equity method investment net earnings	$ 91		$ 67		$ 185	$ 133
JDE
Schedule of Equity Method Investments [Line Items]
Equity method investment, voting interest percentage	26.50%				26.50%
Equity method investment, ownership percentage	26.40%				26.40%
Equity method investment, profit and dividend sharing interest percentage	26.30%				26.30%
Cash dividends received from equity method investments		$ 73		$ 49
JDE | Equity Earnings
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings	$ 42		19		$ 88	38
Keurig
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	24.20%				24.20%
Cash dividends received from equity method investments	$ 2		2		$ 5	6
Keurig | Equity Earnings
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings	20		15		36	29
Keurig | Shareholder Loan Interest Income
Schedule of Equity Method Investments [Line Items]
Equity method investment net earnings	$ 6		$ 6		$ 12	$ 12
Keurig Dr Pepper | Keurig with Dr Pepper Snapple Group, Inc. | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage							13.80%
Number of nominated directors | director							2

2014-2018 Restructuring Progr49

2014-2018 Restructuring Program - Additional Information (Details) - USD ($) $ in Millions	Aug. 31, 2016	May 06, 2014	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018		Dec. 31, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Approved capital expenditures					$ 532	$ 488
2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	$ 5,700
Reallocation of previously approved capital expenditures to be spent on restructuring program cash costs	600
Restructuring and related cost, cost incurred			$ 182	$ 211	296	422	$ 3,557	[1]
Restructuring charges			112	148	164	305	2,398	[1]
Cash spent in restructuring					161
Non-cash asset write-downs			14	54	39	126
Restructuring reserve			404		404		404			$ 464
Implementation Costs			70	63	132	117	1,159	[1]
2014-2018 Restructuring Program | Maximum
Restructuring Cost and Reserve [Line Items]
Approved capital expenditures	1,600	$ 2,200
2014-2018 Restructuring Program | Other current liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve			323		323		323
2014-2018 Restructuring Program | Other liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve			81		81		81
2014-2018 Restructuring Program | Restructuring Program Costs
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	4,100	$ 3,500
2014-2018 Restructuring Program | Restructuring Program Costs | Scenario, Forecast
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost									$ 4,100
2014-2018 Restructuring Program | Cash Costs
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	3,100
2014-2018 Restructuring Program | Non-cash Costs
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	$ 1,000
2014-2018 Restructuring Program | Severance and related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges					125
Cash spent in restructuring			82	$ 78	161	$ 162
Non-cash asset write-downs					0
Restructuring reserve			$ 404		$ 404		$ 404			$ 464
[1]	Includes all charges recorded since program inception on May 6, 2014 through June 30, 2018.

2014-2018 Restructuring Progr50

2014-2018 Restructuring Program - Restructuring Liability Activity (Details) - 2014-2018 Restructuring Program - USD ($) $ in Millions	3 Months Ended		6 Months Ended		50 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018
Restructuring Reserve [Roll Forward]
Liability balance, January 1, 2018			$ 464
Charges	$ 112	$ 148	164	$ 305	$ 2,398	[1]
Cash spent			(161)
Non-cash settlements/adjustments	(14)	(54)	(39)	(126)
Currency			(24)
Liability balance, June 30, 2018	404		404		404
Severance and related costs
Restructuring Reserve [Roll Forward]
Liability balance, January 1, 2018			464
Charges			125
Cash spent	(82)	$ (78)	(161)	$ (162)
Non-cash settlements/adjustments			0
Currency			(24)
Liability balance, June 30, 2018	404		404		404
Asset Write-downs
Restructuring Reserve [Roll Forward]
Liability balance, January 1, 2018			0
Charges			39
Cash spent			0
Non-cash settlements/adjustments			(39)
Currency			0
Liability balance, June 30, 2018	$ 0		$ 0		$ 0
[1]	Includes all charges recorded since program inception on May 6, 2014 through June 30, 2018.

2014-2018 Restructuring Progr51

2014-2018 Restructuring Program - Restructuring and Implementation Costs by Segments (Details) - 2014-2018 Restructuring Program - USD ($) $ in Millions		3 Months Ended		6 Months Ended		50 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	[1]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		$ 112	$ 148	$ 164	$ 305	$ 2,398
Implementation Costs		70	63	132	117	1,159
Total		182	211	296	422	3,557
Operating Segments | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		12	8	36	31	466
Implementation Costs		15	10	30	20	182
Total		27	18	66	51	648
Operating Segments | AMEA
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		17	48	23	73	471
Implementation Costs		8	10	20	20	149
Total		25	58	43	93	620
Operating Segments | Europe
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		63	50	70	119	909
Implementation Costs		13	19	29	31	301
Total		76	69	99	150	1,210
Operating Segments | North America
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	[2]	14	26	26	65	445
Implementation Costs	[2]	21	13	38	25	291
Total	[2]	35	39	64	90	736
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	[3]	6	16	9	17	107
Implementation Costs	[3]	13	11	15	21	236
Total	[3]	$ 19	$ 27	$ 24	$ 38	$ 343
[1]	Includes all charges recorded since program inception on May 6, 2014 through June 30, 2018.
[2]	During 2018 and 2017, our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business.
[3]	During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income, segment operating income and restructuring and implementation costs by segment to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. The benefit plan non-service income amounts no longer recorded in segment operating income are included within the Corporate column in the table above. The Corporate column also includes minor adjustments for rounding.

Debt and Borrowing Arrangemen52

Debt and Borrowing Arrangements - Short-Term Borrowings and Related Weighted-Average Interest Rates (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Short-term Debt [Line Items]
Amount Outstanding	$ 4,074	$ 3,517
Commercial paper
Short-term Debt [Line Items]
Amount Outstanding	$ 3,900	$ 3,410
Weighted-Average Rate	2.40%	1.70%
Bank loans
Short-term Debt [Line Items]
Amount Outstanding	$ 174	$ 107
Weighted-Average Rate	13.40%	11.50%

Debt and Borrowing Arrangemen53

Debt and Borrowing Arrangements - Additional Information (Details) SFr in Millions

May 07, 2018USD ($)

Apr. 17, 2018USD ($)

Apr. 02, 2018USD ($)

Mar. 02, 2018USD ($)

Mar. 02, 2018CAD ($)

Feb. 28, 2018USD ($)

Feb. 01, 2018USD ($)

Jan. 26, 2018USD ($)

Jan. 26, 2018CHF (SFr)

Oct. 13, 2016

Jun. 30, 2018USD ($)

Jun. 30, 2017USD ($)

Jun. 30, 2018USD ($)

Jun. 30, 2017USD ($)

Sep. 30, 2017

May 03, 2018USD ($)

Mar. 02, 2018CAD ($)

Dec. 31, 2017USD ($)

Dec. 31, 2016

Debt Instrument [Line Items]

Proceeds from issuance of debt

$ 2,948,000,000

$ 350,000,000

Loss on debt extinguishment

$ 140,000,000

$ 11,000,000

140,000,000

11,000,000

Long-term debt repaid

$ 1,442,000,000

$ 1,469,000,000

Weighted-average interest rate

2.40%

2.40%

2.10%

2.20%

Fair value of total debt

$ 20,089,000,000

$ 20,089,000,000

$ 18,354,000,000

Carrying value of total debt

19,711,000,000

19,711,000,000

17,652,000,000

Notes Payable

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 2,500,000,000

Proceeds from issuance of debt

$ 2,480,000,000

Debt issuance costs

22,000,000

Debt repurchased amount

$ 570,000,000

Notes Payable | 3.000% U.S. dollar-denominated Fixed-rate Notes Due May 2020

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 750,000,000

Debt instrument, interest rate

3.00%

Notes Payable | 3.625% U.S. dollar-denominated Fixed-rate Notes Due May 2023

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 750,000,000

Debt instrument, interest rate

3.625%

Notes Payable | 4.125% U.S. dollar-denominated Fixed-rate Notes Due May 2028

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 700,000,000

Debt instrument, interest rate

4.125%

Notes Payable | 4.625% U.S. dollar-denominated Fixed-rate Notes Due May 2048

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 300,000,000

Debt instrument, interest rate

4.625%

Notes Payable | 6.500% U.S. dollar-denominated Notes Due February 2040

Debt Instrument [Line Items]

Debt instrument, interest rate

6.50%

Debt repurchased amount

$ 241,000,000

Notes Payable | 5.375% U.S. dollar-denominated Notes Due February 2020

Debt Instrument [Line Items]

Debt instrument, interest rate

5.375%

Debt repurchased amount

$ 97,600,000

Notes Payable | 6.500% U.S. dollar-denominated Notes Due November 2031

Debt Instrument [Line Items]

Debt instrument, interest rate

6.50%

Debt repurchased amount

$ 75,800,000

Notes Payable | 6.875% U.S. dollar-denominated Notes Due February 2038

Debt Instrument [Line Items]

Debt instrument, interest rate

6.875%

Debt repurchased amount

$ 72,100,000

Notes Payable | 6.125% U.S. dollar-denominated Notes Due August 2018

Debt Instrument [Line Items]

Debt instrument, interest rate

6.125%

Debt repurchased amount

$ 42,600,000

Notes Payable | 6.875% U.S. dollar-denominated Notes Due January 2039

Debt Instrument [Line Items]

Debt instrument, interest rate

6.875%

Debt repurchased amount

$ 29,300,000

Notes Payable | 7.000% U.S. dollar-denominated Notes Due August 2037

Debt Instrument [Line Items]

Debt instrument, interest rate

7.00%

Debt repurchased amount

$ 11,700,000

Notes Payable | 3.250% Canadian dollar-denominated Notes Due March 2025

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 600,000,000

Debt instrument, interest rate

3.25%

3.25%

Debt issuance costs

$ 4,000,000

Proceeds from issuance of debt, net of discounts and underwriting fees

$ 461,000,000

$ 595,000,000

Notes Payable | 6.125% U.S. dollar-denominated Notes

Debt Instrument [Line Items]

Debt instrument, interest rate

6.125%

Long-term debt repaid

$ 478,000,000

Notes Payable | 0.080% Swiss franc-denominated Notes

Debt Instrument [Line Items]

Debt instrument, interest rate

0.08%

0.08%

Long-term debt repaid

$ 260,000,000

SFr 250

Revolving Credit Facility

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

$ 1,500,000,000

Line of credit facility outstanding amount

0

0

Line of credit, expiration period

364 days

Revolving credit facility expiration date

Feb. 27, 2019

Revolving Credit Facility, October 11, 2021

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

$ 4,500,000,000

4,500,000,000

4,500,000,000

Line of credit facility outstanding amount

0

0

Revolving credit facility expiration date

Oct. 11, 2018

Oct. 11, 2021

Revolving credit facility debt covenant

24,600,000,000

Total shareholders' equity, excluding accumulated other comprehensive earnings / (losses)

35,700,000,000

35,700,000,000

International Subsidiaries

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

$ 1,800,000,000

$ 1,800,000,000

$ 2,000,000,000

Commercial paper | Minimum

Debt Instrument [Line Items]

Commercial paper, maturity period

2 days

Commercial paper | Maximum

Debt Instrument [Line Items]

Commercial paper, maturity period

172 days

Bank loans | Revolving Credit Facility | 364-Day Senior Unsecured Credit Facility

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

$ 2,000,000,000

Borrowings from line of credit facility

$ 714,000,000

Repayments of lines of credit

$ 714,000,000

Line of credit, expiration period

364 days

Loss on debt extinguishment

$ 140,000,000

Debt and Borrowing Arrangemen54

Debt and Borrowing Arrangements - Interest and Other Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Debt Disclosure [Abstract]
Interest expense, debt	$ 115	$ 103	$ 217	$ 206
Loss on debt extinguishment	140	11	140	11
Loss/(gain) related to interest rate swaps	5	0	(9)	0
Other (income)/expense, net	(12)	10	(20)	26
Interest and other expense, net	$ 248	$ 124	$ 328	$ 243

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 740	$ 179
Liability Derivatives	583	825
Derivatives Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	405	15
Liability Derivatives	403	509
Derivatives Designated as Hedging Instruments | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	20	15
Liability Derivatives	403	509
Derivatives Designated as Hedging Instruments | Net investment hedge contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	385	0
Liability Derivatives	0	0
Derivatives Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	335	164
Liability Derivatives	180	316
Derivatives Not Designated as Hedging Instruments | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	111	65
Liability Derivatives	53	76
Derivatives Not Designated as Hedging Instruments | Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	217	84
Liability Derivatives	122	229
Derivatives Not Designated as Hedging Instruments | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	7	15
Liability Derivatives	$ 5	$ 11

Financial Instruments - Derivat

Financial Instruments - Derivative Instruments Fair Value and Measurement Inputs (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 157	$ (646)
Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	58	(11)
Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	95	(145)
Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(381)	(490)
Net investment hedge contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	385
Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivative [Line Items]
Derivative fair value net asset (liability)	65	(138)
Quoted Prices in Active Markets for Identical Assets (Level 1) | Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	65	(138)
Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Net investment hedge contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Derivative fair value net asset (liability)	92	(508)
Significant Other Observable Inputs (Level 2) | Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	58	(11)
Significant Other Observable Inputs (Level 2) | Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	30	(7)
Significant Other Observable Inputs (Level 2) | Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(381)	(490)
Significant Other Observable Inputs (Level 2) | Net investment hedge contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	385
Significant Unobservable Inputs (Level 3)
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Significant Unobservable Inputs (Level 3) | Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Significant Unobservable Inputs (Level 3) | Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	0
Significant Unobservable Inputs (Level 3) | Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	0	$ 0
Significant Unobservable Inputs (Level 3) | Net investment hedge contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 0

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) related to interest rate swaps	$ (5,000,000)	$ 0	$ 9,000,000	$ 0
Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes recognized in earnings/(losses)	21,000,000	16,000,000	(11,000,000)	27,000,000
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	(5,000,000)	4,000,000	9,000,000	(3,000,000)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	9,117,000,000		9,117,000,000		$ 6,532,000,000
Interest rate contracts | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months or less			1,000,000
Gains/(losses), net of taxes recognized in earnings/(losses)	21,000,000	24,000,000	(11,000,000)	47,000,000
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	(5,000,000)	$ 0	$ 9,000,000	$ 0
Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transaction period			5 years 4 months 24 days
Net investment hedge contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	7,114,000,000		$ 7,114,000,000		0
Gains/(losses), net of taxes recognized in earnings/(losses)	276,000,000		265,000,000
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0		0
Net investment hedge contracts | Net investment hedge debt
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses), net of taxes, recognized in income, excluded from effectiveness testing	(33,000,000)		(50,000,000)
Quoted Prices in Active Markets for Identical Assets (Level 1) | Exchange Traded Options | Accounts payable
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, margin requirement liability	$ 25,000,000		$ 25,000,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Exchange Traded Options | Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, margin deposit asset					$ 171,000,000

Financial Instruments - Notiona

Financial Instruments - Notional Values of Hedging Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Net investment hedge debt | Euro notes
Derivative [Line Items]
Notional Amount	$ 3,581	$ 3,679
Net investment hedge debt | British pound sterling notes
Derivative [Line Items]
Notional Amount	448	459
Net investment hedge debt | Swiss franc notes
Derivative [Line Items]
Notional Amount	1,413	1,694
Net investment hedge debt | Canadian dollar notes
Derivative [Line Items]
Notional Amount	457	0
Currency exchange contracts | Intercompany loans and forecasted interest payments
Derivative [Line Items]
Notional Amount	3,378	7,089
Currency exchange contracts | Forecasted transactions
Derivative [Line Items]
Notional Amount	2,355	2,213
Commodity contracts
Derivative [Line Items]
Notional Amount	580	1,204
Interest rate contracts
Derivative [Line Items]
Notional Amount	9,117	6,532
Net investment hedge contracts
Derivative [Line Items]
Notional Amount	$ 7,114	$ 0

Financial Instruments - Cash Fl

Financial Instruments - Cash Flow Hedges Effect on Accumulated Other Comprehensive Earnings/(Losses), Net of Tax (Details) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Accumulated (loss)/gain at beginning of period	$ (159)	$ (103)	$ (113)	$ (121)
Transfer of realized (gains)/losses in fair value to earnings	5	(4)	(9)	3
Unrealized gain/(loss) in fair value	21	16	(11)	27
Accumulated (loss)/gain at end of period	$ (133)	$ (91)	$ (133)	$ (91)

Financial Instruments - Cash 60

Financial Instruments - Cash Flow Hedges After-tax Gains/(Losses) (Details) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	$ (5)	$ 4	$ 9	$ (3)
Gains/(losses), net of taxes recognized in earnings/(losses)	21	16	(11)	27
Currency exchange contracts | Forecasted transactions
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	1	0	1
Gains/(losses), net of taxes recognized in earnings/(losses)	0	(14)	0	(26)
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	0	3	0	(4)
Gains/(losses), net of taxes recognized in earnings/(losses)	0	6	0	6
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(losses), net of taxes, reclassified from accumulated other comprehensive income into earnings	(5)	0	9	0
Gains/(losses), net of taxes recognized in earnings/(losses)	$ 21	$ 24	$ (11)	$ 47

Financial Instruments - Fair 61

Financial Instruments - Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) recognized in income on fair value of hedges	$ 0	$ 0	$ 0	$ 0
Borrowings
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) recognized in income on fair value of hedges	0	1	1	(2)
Derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(loss) recognized in income on fair value of hedges	$ 0	$ (1)	$ (1)	$ 2

Financial Instruments - Carryin

Financial Instruments - Carrying Amount of Hedged Fixed Interest Rate Debt (Details) - Debt - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Notional value of borrowings (and related derivatives)	$ (279)	$ (801)
Cumulative fair value hedging adjustments	(1)	0
Carrying amount of borrowings	$ (280)	$ (801)

Financial Instruments - Hedges

Financial Instruments - Hedges of Net Investments in International Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Euro notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ 151	$ (168)	$ 76	$ (196)
British pound sterling notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	21	(10)	8	(15)
Swiss franc notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	42	(49)	16	(64)
Canadian dollar notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ 6	$ 0	$ 4	$ 0

Financial Instruments - Economi

Financial Instruments - Economic Hedges (Details) - Economic Hedging - Derivatives Not Designated as Hedging Instruments - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	$ 30	$ (73)	$ 171	$ (153)
Currency exchange contracts | Intercompany loans and forecasted interest payments | Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	7	3	14	5
Currency exchange contracts | Forecasted transactions | Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	0	1	(5)	(2)
Currency exchange contracts | Forecasted transactions | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	72	18	65	2
Currency exchange contracts | Forecasted transactions | Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	(1)	2	(4)	2
Commodity contracts | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	$ (48)	$ (97)	$ 101	$ (160)

Benefit Plans - Pension Costs (

Benefit Plans - Pension Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses	$ 3	$ 11	$ 3	$ 11
Pension Plans | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	10	10	22	22
Interest cost	15	16	30	31
Expected return on plan assets	(22)	(25)	(44)	(50)
Net loss from experience differences	9	9	20	17
Prior service cost/(benefit)	0	0	1	1
Settlement losses and other expenses	8	18	15	21
Net periodic benefit costs	20	28	44	42
Pension Plans | Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	37	38	75	77
Interest cost	50	49	102	97
Expected return on plan assets	(114)	(108)	(231)	(212)
Net loss from experience differences	42	40	84	81
Prior service cost/(benefit)	(1)	0	(1)	(1)
Settlement losses and other expenses	0	1	0	2
Net periodic benefit costs	$ 14	$ 20	$ 29	$ 44

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)arrangement	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)arrangement	Jun. 30, 2017USD ($)	Apr. 01, 2018arrangement
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses	$ 3	$ 11	$ 3	$ 11
U.S. Plans | Multiemployer Plans, Pension | Fund | BCTGM
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, number of expired collective-bargaining arrangements | arrangement	8		8		8
Multiemployer plan, number of collective-bargaining arrangements | arrangement	7		7
U.S. Plans | Multiemployer Plans, Pension | Fund | BCTGM | North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, partial withdrawal liability	$ 567		$ 567
Multiemployer plan, withdrawal obligation	408		408
Multiemployer plan, withdrawal obligation, net of tax	$ 305
Multiemployer plan, withdrawal obligation term	20 years
Pension Plans | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses	$ 8	18	15	21
Employer contribution			5
Estimated future employer contributions	34		34
Pension Plans | Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses and other expenses	0	$ 1	0	$ 2
Employer contribution			199
Estimated future employer contributions	$ 102		102
Pension Plans | Non-U.S. Plans | United Kingdom and Ireland
Defined Benefit Plan Disclosure [Line Items]
Employer contribution			$ 137

Benefit Plans - Postretirement

Benefit Plans - Postretirement Health Care Costs (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Gain related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants		$ 8	$ 8	$ 16	$ 16
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost		1	2	3	4
Interest cost		3	3	7	7
Net loss from experience differences		3	4	7	7
Prior service credit	[1]	(9)	(10)	(19)	(20)
Net periodic benefit costs		$ (2)	$ (1)	$ (2)	$ (2)
[1]	$8 million for the three months ended June 30, 2018 and June 30, 2017 and $16 million for the six months ended June 30, 2018 and June 30, 2017 related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants.

Benefit Plans - Postemployment

Benefit Plans - Postemployment Benefit Costs (Details) - Postemployment Benefit Plans - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 2	$ 3	$ 3
Interest cost	1	1	2	2
Amortization of net gains	0	(1)	(1)	(2)
Net periodic benefit costs	$ 2	$ 2	$ 4	$ 3

Stock Plans - Stock Option Acti

Stock Plans - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	6 Months Ended	12 Months Ended
		Jun. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Shares Subject to Option
Balance at January 1, 2018 (In shares)			48,434,655
Options granted (in shares)			5,749,250
Options exercised (in shares)	[1]		(4,541,932)
Options canceled (in shares)			(541,994)
Balance at June 30, 2018 (in shares)		49,099,979	49,099,979	48,434,655
Weighted- Average Exercise or Grant Price Per Share
Balance at January 1, 2018 (in dollars per share)			$ 29.92
Options granted (in dollars per share)			43.47
Options exercised (in dollars per share)	[1]		25.60
Options canceled (in dollars per share)			38.39
Balance at June 30, 2018 (in dollars per share)		$ 31.81	$ 31.81	$ 29.92
Average Remaining Contractual Term
Average remaining contractual term			6 years	5 years
Aggregate Intrinsic Value
Aggregate intrinsic value		$ 478	$ 478	$ 626
Aggregate intrinsic value options exercised	[1]		81
Cash received from options exercised		31	116
Actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises		$ 1	$ 9
Annual grant to eligible employees
Shares Subject to Option
Options granted (in shares)			5,666,530
Weighted- Average Exercise or Grant Price Per Share
Options granted (in dollars per share)			$ 43.51
Additional options issued
Shares Subject to Option
Options granted (in shares)			82,720
Weighted- Average Exercise or Grant Price Per Share
Options granted (in dollars per share)			$ 40.82
[1]	Cash received from options exercised was $31 million in the three months and $116 million in the six months ended June 30, 2018. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $1 million in the three months and $9 million in the six months ended June 30, 2018.

Stock Plans - Performance Share

Stock Plans - Performance Share Units and Other Stock-Based Awards Activity (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	6 Months Ended
		Jun. 30, 2018	Jun. 30, 2018
Number of Shares
Balance at January 1, 2018 (in shares)			7,669,705
Shares granted (in shares)			2,143,506
Vested (in shares)	[1]		(2,162,663)
Forfeited (in shares)	[1]		(352,565)
Balance at June 30, 2018 (in shares)		7,297,983	7,297,983
Weighted-average grant date fair value per share
Balance at January 1, 2018 (in dollars per share)	[2]		$ 39.74
Shares granted (in dollars per share)	[2]		46.92
Vested (in dollars per share)	[1],[2]		38.33
Forfeited (in dollars per share)	[1],[2]		40.10
Balance at June 30, 2018 (in dollars per share)	[2]	$ 42.25	$ 42.25
Weighted-Average Aggregate Fair Value
Weighted average grant date fair value of shares granted	[2]		$ 101
Weighted average grant date fair value of shares vested	[1],[2]		83
Maximum
Weighted-Average Aggregate Fair Value
Actual tax benefit realized for the tax deductions from the shares vested		$ 1	$ 4
Annual grant to eligible employees
Grant Date
Grant Date			Feb. 22, 2018
Performance share units
Number of Shares
Shares granted (in shares)			1,048,770
Weighted-average grant date fair value per share
Shares granted (in dollars per share)	[2]		$ 51.23
Deferred stock units
Number of Shares
Shares granted (in shares)			788,310
Weighted-average grant date fair value per share
Shares granted (in dollars per share)	[2]		$ 43.51
Additional shares granted
Number of Shares
Shares granted (in shares)	[3]		306,426
Weighted-average grant date fair value per share
Shares granted (in dollars per share)	[2],[3]		$ 40.97
[1]	Includes performance share units, deferred stock units and historically granted restricted stock. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled less than $1 million in the three months and $4 million in the six months ended June 30, 2018.
[2]	The grant date fair value of performance share units is determined based on the Monte Carlo simulation model for the market-based total shareholder return component and the closing market price of the Company’s stock on the grant date for performance-based components. The Monte Carlo simulation model incorporates the probability of achieving the total shareholder return market condition. Compensation expense is recognized using the grant date fair values regardless of whether the market condition is achieved, so long as the requisite service has been provided.
[3]	Includes performance share units and deferred stock units.

Stock Plans - Share Repurchase

Stock Plans - Share Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Millions	Jan. 31, 2018	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2013
Class of Stock [Line Items]
Common shares repurchased		$ 1,150,000,000	$ 2,202,000,000
Common Stock
Class of Stock [Line Items]
Number of shares repurchased (in shares)		27.6
Average cost of shares repurchased (in dollars per share)		$ 41.65
Common shares repurchased		$ 1,200,000,000
Stock repurchase remaining amount		$ 5,500,000,000
Common Stock | Share Repurchase Program amended July 29, 2015
Class of Stock [Line Items]
Stock repurchase value	$ 19,700,000,000
Increase in share repurchase value	$ 6,000,000,000
Stock repurchase expiration date		Dec. 31, 2020
Common Stock | Prior to January 1, 2018
Class of Stock [Line Items]
Stock repurchase value					$ 13,700,000,000
Common shares repurchased				$ 13,000,000,000

Commitments and Contingencies (

Commitments and Contingencies (Details) ₨ in Billions	3 Months Ended			6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018INR (₨)
Loss Contingencies [Line Items]
Income tax benefit	$ (14,000,000)	$ (84,000,000)		$ (321,000,000)		$ (238,000,000)
Selling, general and administrative expense to offset tax benefit	1,904,000,000	$ 1,455,000,000		$ 3,431,000,000		$ 2,938,000,000
Income due to reversal of accrued liability under tax indemnity			$ 58,000,000
Groupe Danone S.A. Global LU Biscuit Business (“LU Biscuit”) [Member]
Loss Contingencies [Line Items]
Income tax benefit	15,000,000
Selling, general and administrative expense to offset tax benefit	11,000,000
Interest expense to offset tax benefit	4,000,000
Selling, general and administrative expenses
Loss Contingencies [Line Items]
Income due to reversal of accrued liability under tax indemnity			46,000,000
Interest and other expense, net
Loss Contingencies [Line Items]
Income due to reversal of accrued liability under tax indemnity			$ 12,000,000
Selling, General and Administrative Expenses and Interest and Other Expense, Net
Loss Contingencies [Line Items]
Income due to reversal of accrued liability under tax indemnity					$ 4,000,000
U.S. Commodity Futures Trading Commission ("CFTC")
Loss Contingencies [Line Items]
Loss contingency, filling date				April 1, 2015
Loss contingency, damages sought				$ 1,000,000
U.S. Commodity Futures Trading Commission ("CFTC") | Each Additional Violation of the Commodity Exchange Act
Loss Contingencies [Line Items]
Loss contingency, damages sought				140,000
Cadbury | Indian Department of Central Excise Authority
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date	55,000,000			55,000,000			₨ 3.7
Cadbury | Indian Department of Central Excise Authority | Show Cause Notice
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date	72,000,000			72,000,000			4.9
Cadbury | Indian Department of Central Excise Authority | Maximum
Loss Contingencies [Line Items]
Tax penalties and interest expense	$ 85,000,000			$ 85,000,000			₨ 5.8

Reclassifications from Accumu73

Reclassifications from Accumulated Other Comprehensive Income - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Equity [Abstract]
Net loss amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax)	$ 45	$ 41	$ 72	$ 83

Reclassifications from Accumu74

Reclassifications from Accumulated Other Comprehensive Income - Changes in Accumulated Other Comprehensive Earnings/(Losses) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period				$ 26,191	$ 25,215	$ 25,215
Total other comprehensive earnings/(losses)		$ (680)	$ 359	(525)	921	1,152
Less: (earnings)/loss attributable to noncontrolling interests		12	(12)	(3)	(16)
Tax expense/(benefit) on reclassifications		(14)	(84)	(321)	(238)
Losses/(gains) reclassified into net earnings		(3,572)	(3,672)	(7,488)	(7,568)
Other comprehensive earnings/(losses) attributable to Mondelēz International		(668)	347	(528)	905
Balance at end of period		25,287		25,287		26,191
Currency Translation Adjustments
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period		(7,549)	(8,375)	(7,741)	(8,914)	(8,914)
Currency translation adjustments		(718)	252	(558)	764
Tax (expense)/benefit		(156)	128	(109)	159
Total other comprehensive earnings/(losses)		(874)	380	(667)	923
Less: (earnings)/loss attributable to noncontrolling interests		12	(12)	(3)	(16)
Balance at end of period		(8,411)	(8,007)	(8,411)	(8,007)	(7,741)
Pension and Other Benefits
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period		(2,150)	(2,086)	(2,144)	(2,087)	(2,087)
Total other comprehensive earnings/(losses)		168	(33)	162	(32)
Net actuarial gain/(loss) arising during period		38	16	45	9
Tax (expense)/benefit on net actuarial gain/(loss)		(9)	(2)	(9)	0
Currency impact, pension and other benefit plans		99	(92)	45	(121)
Balance at end of period		(1,982)	(2,119)	(1,982)	(2,119)	(2,144)
Derivative Cash Flow Hedges
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period		(159)	(103)	(113)	(121)	(121)
Total other comprehensive earnings/(losses)		26	12	(20)	30
Net derivative gains/(losses)		17	22	(12)	29
Tax (expense)/benefit on net derivative gain/(loss)		(4)	(1)	(4)	4
Currency impact derivative cash flow hedges		8	(5)	5	(6)
Balance at end of period		(133)	(91)	(133)	(91)	(113)
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income attributable to Mondelēz International:
Balance at beginning of period		(9,858)	(10,564)	(9,998)	(11,122)	(11,122)
Total other comprehensive earnings/(losses)				(528)		1,124
Balance at end of period		(10,526)	(10,217)	(10,526)	(10,217)	$ (9,998)
Reclassification out of Accumulated Other Comprehensive Income | Pension and Other Benefits
Accumulated other comprehensive income attributable to Mondelēz International:
Amortization of experience losses and prior service costs	[1]	44	42	91	83
Settlement losses and other expenses	[1]	8	15	15	18
Tax expense/(benefit) on reclassifications	[2]	(12)	(12)	(25)	(21)
Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Currency exchange contracts
Accumulated other comprehensive income attributable to Mondelēz International:
Losses/(gains) reclassified into net earnings	[3]	7	0	(11)	0
Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Currency exchange contracts | Forecasted transactions
Accumulated other comprehensive income attributable to Mondelēz International:
Losses/(gains) reclassified into net earnings	[4]	0	(1)	0	0
Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Commodity contracts
Accumulated other comprehensive income attributable to Mondelēz International:
Losses/(gains) reclassified into net earnings	[4]	0	(2)	0	6
Reclassification out of Accumulated Other Comprehensive Income | Derivative Cash Flow Hedges | Interest rate contracts
Accumulated other comprehensive income attributable to Mondelēz International:
Tax expense/(benefit) on reclassifications	[2]	$ (2)	$ (1)	$ 2	$ (3)
[1]	These reclassified losses are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.
[2]	Taxes reclassified to earnings are recorded within the provision for income taxes.
[3]	These reclassified gains or losses are recorded within interest and other expense, net.
[4]	These reclassified gains or losses are recorded within cost of sales.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Contingency [Line Items]
Provisional discrete net tax expense (benefit)	$ (2)		$ 87
Increase (decrease) in liability for transition tax due to U.S. tax reform	(8)		$ 86	$ 0
Tax expense for other provisional tax updates	$ 6
Estimated effective tax rate			21.90%	25.80%
Effective tax rate	5.60%	16.20%	22.80%	19.20%
Total unfavorable discrete items benefit (expense)	$ 32	$ 47	$ 14	$ 83
Net favorable tax audit settlements and expirations of statutes of limitations	27	$ 46	43	62
Benefit relating to the U.S. domestic production activities deduction				$ 16
Foreign Tax Authority | Argentina Tax Authority
Income Tax Contingency [Line Items]
Benefit from pending tax refund claim	$ 22		$ 22

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Earnings Per Share [Abstract]
Net earnings	$ 325	$ 500	$ 1,269	$ 1,133	$ 2,936
Noncontrolling interest (earnings)	(2)	(2)	(8)	(5)
Net earnings attributable to Mondelēz International	$ 323	$ 498	$ 1,261	$ 1,128
Weighted-average shares for basic EPS (in shares)	1,475	1,519	1,482	1,524
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares (in shares)	13	20	14	20
Weighted-average shares for diluted EPS (in shares)	1,488	1,539	1,496	1,544
Basic earnings per share attributable to Mondeléz International (in dollars per share)	$ 0.22	$ 0.33	$ 0.85	$ 0.74
Diluted earnings per share attributable to Mondélez International (in dollars per share)	$ 0.22	$ 0.32	$ 0.84	$ 0.73

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Mondelez International stock options excluded from the calculation of diluted EPS (in shares)	12.7	8.6	11.2	7.7

Segment Reporting - Net Revenue

Segment Reporting - Net Revenues and Earnings (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017		Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Net revenues		$ 6,112	$ 5,986	[1]	$ 12,877	$ 12,400	[1]
Operating income		481	636		1,705	1,461
General corporate expenses		(91)	(80)		(155)	(137)
Amortization of intangibles		(44)	(44)		(88)	(88)
Loss on divestiture		0	(3)		0	(3)
Acquisition-related costs		(13)	0		(13)	0
Benefit plan non-service income (1)	[2]	15	5		28	20
Interest and other expense, net		(248)	(124)		(328)	(243)
Earnings before income taxes		248	517		1,405	1,238
Cost of sales
Segment Reporting Information [Line Items]
Unrealized gains/(losses) on hedging activities (mark-to-market impacts)		88	(46)		294	(97)
Latin America
Segment Reporting Information [Line Items]
Net revenues		774	848	[1]	1,665	1,758	[1]
Operating income		92	102		218	213
AMEA
Segment Reporting Information [Line Items]
Net revenues		1,360	1,394	[1]	2,902	2,885	[1]
Operating income		177	161		405	342
Europe
Segment Reporting Information [Line Items]
Net revenues		2,303	2,171	[1]	5,009	4,536	[1]
Operating income		367	321		864	714
North America
Segment Reporting Information [Line Items]
Net revenues		1,675	1,573	[1]	3,301	3,221	[1]
Operating income		$ (95)	$ 225		$ 180	$ 517
[1]	During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.
[2]	During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line item, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income and segment operating income to reflect this reclassification, which had no impact to earnings before income taxes or net earnings.

Segment Reporting - Net Reven79

Segment Reporting - Net Revenues by Product Category (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	[1]	Jun. 30, 2018	Jun. 30, 2017	[1]
Segment Reporting Information [Line Items]
Total net revenues	$ 6,112	$ 5,986		$ 12,877	$ 12,400
Biscuits
Segment Reporting Information [Line Items]
Total net revenues	2,792	2,591		5,545	5,159
Chocolate
Segment Reporting Information [Line Items]
Total net revenues	1,650	1,598		3,946	3,650
Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	886	905		1,767	1,785
Beverages
Segment Reporting Information [Line Items]
Total net revenues	308	342		669	749
Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	476	550		950	1,057
Latin America
Segment Reporting Information [Line Items]
Total net revenues	774	848		1,665	1,758
Latin America | Biscuits
Segment Reporting Information [Line Items]
Total net revenues	192	200		375	370
Latin America | Chocolate
Segment Reporting Information [Line Items]
Total net revenues	161	194		404	453
Latin America | Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	224	241		448	454
Latin America | Beverages
Segment Reporting Information [Line Items]
Total net revenues	116	129		277	322
Latin America | Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	81	84		161	159
AMEA
Segment Reporting Information [Line Items]
Total net revenues	1,360	1,394		2,902	2,885
AMEA | Biscuits
Segment Reporting Information [Line Items]
Total net revenues	387	356		829	756
AMEA | Chocolate
Segment Reporting Information [Line Items]
Total net revenues	440	424		1,013	938
AMEA | Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	236	238		471	467
AMEA | Beverages
Segment Reporting Information [Line Items]
Total net revenues	173	189		345	362
AMEA | Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	124	187		244	362
Europe
Segment Reporting Information [Line Items]
Total net revenues	2,303	2,171		5,009	4,536
Europe | Biscuits
Segment Reporting Information [Line Items]
Total net revenues	810	734		1,605	1,399
Europe | Chocolate
Segment Reporting Information [Line Items]
Total net revenues	1,003	930		2,426	2,139
Europe | Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	200	204		386	397
Europe | Beverages
Segment Reporting Information [Line Items]
Total net revenues	19	24		47	65
Europe | Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	271	279		545	536
North America
Segment Reporting Information [Line Items]
Total net revenues	1,675	1,573		3,301	3,221
North America | Biscuits
Segment Reporting Information [Line Items]
Total net revenues	1,403	1,301		2,736	2,634
North America | Chocolate
Segment Reporting Information [Line Items]
Total net revenues	46	50		103	120
North America | Gum & Candy
Segment Reporting Information [Line Items]
Total net revenues	226	222		462	467
North America | Beverages
Segment Reporting Information [Line Items]
Total net revenues	0	0		0	0
North America | Cheese & Grocery
Segment Reporting Information [Line Items]
Total net revenues	$ 0	$ 0		$ 0	$ 0
[1]	During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.