Mondelez International (MDLZ) 10-Q 29 Apr 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	1-16483
Entity Registrant Name	Mondelēz International, Inc.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	52-2284372
Entity Address, Address Line One	905 West Fulton Market, Suite 200
Entity Address, City or Town	Chicago,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60607
City Area Code	847
Local Phone Number	943-4000
Entity Information [Line Items]
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,427,464,062
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001103982
Current Fiscal Year End Date	--12-31
Class A Common Stock, no par value
Entity Information [Line Items]
Title of 12(b) Security	Class A Common Stock, no par value
Trading Symbol	MDLZ
Security Exchange Name	NASDAQ
2.375% Notes due 2021
Entity Information [Line Items]
Title of 12(b) Security	2.375% Notes due 2021
Trading Symbol	MDLZ21
Security Exchange Name	NASDAQ
1.000% Notes due 2022
Entity Information [Line Items]
Title of 12(b) Security	1.000% Notes due 2022
Trading Symbol	MDLZ22
Security Exchange Name	NASDAQ
1.625% Notes due 2023
Entity Information [Line Items]
Title of 12(b) Security	1.625% Notes due 2023
Trading Symbol	MDLZ23
Security Exchange Name	NASDAQ
1.625% Notes due 2027
Entity Information [Line Items]
Title of 12(b) Security	1.625% Notes due 2027
Trading Symbol	MDLZ27
Security Exchange Name	NASDAQ
2.375% Notes due 2035
Entity Information [Line Items]
Title of 12(b) Security	2.375% Notes due 2035
Trading Symbol	MDLZ35
Security Exchange Name	NASDAQ
4.500% Notes due 2035
Entity Information [Line Items]
Title of 12(b) Security	4.500% Notes due 2035
Trading Symbol	MDLZ35A
Security Exchange Name	NASDAQ
3.875% Notes due 2045
Entity Information [Line Items]
Title of 12(b) Security	3.875% Notes due 2045
Trading Symbol	MDLZ45
Security Exchange Name	NASDAQ

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net revenues	$ 6,707	$ 6,538
Cost of sales	4,256	3,945
Gross profit	2,451	2,593
Selling, general and administrative expenses	1,537	1,493
Asset impairment and exit costs	15	20
Amortization of intangibles	43	44
Operating income	856	1,036
Benefit plan non-service income	(33)	(17)
Interest and other expense, net	190	80
Earnings before income taxes	699	973
Provision for income taxes	(148)	(189)
Gains on equity method investment transactions	71	23
Equity method investment net earnings	138	113
Net earnings	760	920
Noncontrolling interest earnings	(7)	(6)
Net earnings attributable to Mondelēz International	$ 753	$ 914
Per share data:
Basic earnings per share attributable to Mondelēz International (in dollars per share)	$ 0.53	$ 0.63
Diluted earnings per share attributable to Mondelēz International (in dollars per share)	$ 0.52	$ 0.63

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 760	$ 920
Other comprehensive earnings/(losses), net of tax:
Currency translation adjustment	(1,511)	190
Pension and other benefit plans	79	10
Derivative cash flow hedges	60	(69)
Total other comprehensive earnings/(losses)	(1,372)	131
Comprehensive earnings/(losses)	(612)	1,051
less: Comprehensive earnings/(losses) attributable to noncontrolling interests	2	5
Comprehensive earnings/(losses) attributable to Mondelēz International	$ (614)	$ 1,046

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 1,925	$ 1,291
Trade receivables (net of allowances of $39 at March 31, 2020 and $35 at December 31, 2019)	2,628	2,212
Other receivables (net of allowances of $40 at March 31, 2020 and $44 at December 31, 2019)	670	715
Inventories, net	2,441	2,546
Other current assets	1,404	866
Total current assets	9,068	7,630
Property, plant and equipment, net	8,054	8,733
Operating lease right of use assets	590	568
Goodwill	20,216	20,848
Intangible assets, net	17,271	17,957
Prepaid pension assets	537	516
Deferred income taxes	708	726
Equity method investments	6,887	7,212
Other assets	267	359
TOTAL ASSETS	63,598	64,549
LIABILITIES
Short-term borrowings	4,764	2,638
Current portion of long-term debt	1,672	1,581
Accounts payable	5,554	5,853
Accrued marketing	1,848	1,836
Accrued employment costs	573	769
Other current liabilities	2,593	2,645
Total current liabilities	17,004	15,322
Long-term debt	13,354	14,207
Long-term operating lease liabilities	433	403
Deferred income taxes	3,308	3,338
Accrued pension costs	1,110	1,190
Accrued postretirement health care costs	376	387
Other liabilities	2,261	2,351
TOTAL LIABILITIES	37,846	37,198
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 March 31, 2020 and December 31, 2019)	0	0
Additional paid-in capital	31,990	32,019
Retained earnings	26,961	26,653
Accumulated other comprehensive losses	(11,625)	(10,258)
Treasury stock, at cost (569,185,208 shares at March 31, 2020 and 561,531,524 shares at December 31, 2019)	(21,652)	(21,139)
Total Mondelēz International Shareholders’ Equity	25,674	27,275
Noncontrolling interest	78	76
TOTAL EQUITY	25,752	27,351
TOTAL LIABILITIES AND EQUITY	$ 63,598	$ 64,549

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Trade receivables, allowances	$ 39	$ 35
Other receivables, allowances	$ 40	$ 44
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)	569,185,208	561,531,524

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Earnings/(Losses)	Treasury Stock	Non-controlling Interest
Balance at beginning of period at Dec. 31, 2018	$ 25,713	$ 0	$ 31,961	$ 24,491	$ (10,630)	$ (20,185)	$ 76
Comprehensive earnings/(losses):
Net earnings	920			914			6
Other comprehensive earnings/(losses), net of income taxes	131				132		(1)
Exercise of stock options and issuance of other stock awards	185		(28)	(76)		289
Common Stock repurchased	(665)					(665)
Cash dividends declared	(375)			(375)
Balance at end of period at Mar. 31, 2019	25,909	0	31,933	24,954	(10,498)	(20,561)	81
Balance at beginning of period at Dec. 31, 2019	27,351	0	32,019	26,653	(10,258)	(21,139)	76
Comprehensive earnings/(losses):
Net earnings	760			753			7
Other comprehensive earnings/(losses), net of income taxes	(1,372)				(1,367)		(5)
Exercise of stock options and issuance of other stock awards	121		(29)	(38)		188
Common Stock repurchased	(701)					(701)
Cash dividends declared	(408)			(408)
Dividends paid on noncontrolling interest and other activities	1			1
Balance at end of period at Mar. 31, 2020	$ 25,752	$ 0	$ 31,990	$ 26,961	$ (11,625)	$ (21,652)	$ 78

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Retained Earnings
Cash dividends declared (in dollars per share)	$ 0.285	$ 0.26

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
Net earnings	$ 760	$ 920
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	256	258
Stock-based compensation expense	28	32
Deferred income tax provision/(benefit)	(26)	2
Asset impairments and accelerated depreciation	0	5
Gains on equity method investment transactions	(71)	(23)
Equity method investment net earnings	(138)	(113)
Distributions from equity method investments	165	160
Other non-cash items, net	126	16
Change in assets and liabilities, net of acquisitions and divestitures:
Receivables, net	(610)	(570)
Inventories, net	(48)	(36)
Accounts payable	206	(139)
Other current assets	(217)	47
Other current liabilities	(71)	(45)
Change in pension and postretirement assets and liabilities, net	(76)	(49)
Net cash provided by operating activities	284	465
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES
Capital expenditures	(214)	(265)
Proceeds from divestitures including equity method investments	185	0
Other	(26)	42
Net cash used in investing activities	(55)	(223)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES
Issuances of commercial paper, maturities greater than 90 days	157	610
Repayments of commercial paper, maturities greater than 90 days	(497)	(1,549)
Net issuances of other short-term borrowings	2,477	1,815
Long-term debt proceeds	0	597
Long-term debt repaid	(670)	(403)
Repurchase of Common Stock	(720)	(646)
Dividends paid	(409)	(380)
Other	117	157
Net cash provided by financing activities	455	201
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(60)	(1)
Cash, cash equivalents and restricted cash:
Increase	624	442
Balance at beginning of period	1,328	1,100
Balance at end of period	$ 1,952	$ 1,542

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
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, 2019 . 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 that were deconsolidated in 2015. All intercompany transactions are eliminated. The noncontrolling interest represents the noncontrolling investors' interests in the results of subsidiaries that we control and consolidate. 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 (except for highly inflationary currencies) 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 discussed below, beginning on July 1, 2018, we began to apply highly inflationary accounting for our operations in Argentina. Argentina. During the second quarter of 2018, primarily based on published estimates that indicated that Argentina's three-year cumulative inflation rate exceeded 100%, we concluded that Argentina became a highly inflationary economy for accounting purposes. As of July 1, 2018, we began to apply highly inflationary accounting for our Argentinian subsidiaries and changed their functional currency from the Argentinian peso to the U.S. dollar. On July 1, 2018, both monetary and non-monetary assets and liabilities denominated in Argentinian pesos were remeasured into U.S. dollars using the exchange rate as of the balance sheet date, with remeasurement and other transaction gains and losses recorded in net earnings. As of March 31, 2020 , our Argentinian operations had $9 million of Argentinian peso denominated net monetary assets. Our Argentinian operations contributed $98 million , or 1.5% of consolidated net revenues in the three months ended March 31, 2020 . Within selling, general and administrative expenses, we recorded a remeasurement loss of $2 million during the three months ended March 31, 2020 as well as a remeasurement loss of $2 million during the three months ended March 31, 2019 related to the revaluation of the Argentinian peso denominated net monetary position over these periods. Brexit . In the three months ended March 31, 2020 , we generated 9.4% of our consolidated net revenues in the United Kingdom. On January 31, 2020, the United Kingdom began the withdrawal process from the European Union under the European and U.K. Parliament approved Withdrawal Agreement. During a transition period currently scheduled to end on December 31, 2020, the United Kingdom will effectively remain in the E.U.’s customs union and single market while a trade deal with the European Union is negotiated. The deadline for extending the transition period ends on June 30, 2020. If the transition period is not extended, on December 31, 2020, the United Kingdom will either exit the European Union without a trade deal or will begin a new trade relationship with the European Union. During the transition period, we continue to take protective measures in response to the potential impacts on our results of operations and financial condition. Following the Brexit vote in June 2016, there was significant volatility in the global stock markets and currency exchange rates. The value of the British pound sterling relative to the U.S. dollar declined significantly and negatively affected our translated results reported in U.S. dollars. If the ultimate terms of the United Kingdom’s separation from the European Union negatively impact the U.K. economy or result in disruptions to sales or our supply chain, the impact to our results of operations and financial condition could be material. We have taken measures to increase our resources in customer service & logistics together with increasing our inventory levels of imported raw materials, packaging and finished goods in the United Kingdom to help us manage through the Brexit transition and the inherent risks. Other Countries. Since we sell our products in over 150 countries and have operations in approximately 80 countries, we monitor economic and currency-related risks and seek to take protective measures in response to these exposures, including the impacts related to the global outbreak of the novel coronavirus (“COVID-19”) during the first quarter of 2020. Most countries in which we do business have recently experienced periods of significant economic uncertainty as well as exchange rate volatility. We continue to monitor the COVID-19 and other impacts to our business operations, currencies and net monetary exposures in the countries in which we operate. At this time, except for Argentina which is accounted for as a highly inflationary economy, we do not anticipate any other countries in which we operate to be at risk of becoming highly inflationary countries. Cash, Cash Equivalents and Restricted Cash: Cash and cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. We also have restricted cash that is recorded within other current assets and which was $27 million as of March 31, 2020 and $37 million as of December 31, 2019. Total cash, cash equivalents and restricted cash was $1,952 million as of March 31, 2020 and $1,328 million as of December 31, 2019. Allowances for Credit Losses: The allowances for credit losses are recorded against our receivables. They are developed at a country and region level based on historical collection experiences, current economic condition of specific customers and the forecasted economic condition of countries using various factors such as bond default rates and consumption indexes. We write-off receivables once it is determined that the receivables are no longer collectible and as allowed by local laws. Changes in allowances for credit losses consisted of: Allowance for Trade Receivables Allowance for Other Current Receivables Allowance for Long-Term Receivables (in millions) Balance at January 1, 2020 $ (35 ) $ (44 ) $ (14 ) Current period provision for expected credit losses (5 ) 1 (2 ) Currency 1 3 3 Balance at March 31, 2020 $ (39 ) $ (40 ) $ (13 ) 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 $840 million as of March 31, 2020 and $760 million as of December 31, 2019 . 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. Non-Cash Lease Transactions: We recorded $89 million in operating lease and $25 million in finance lease right-of-use assets obtained in exchange for lease obligations during the three months ended March 31, 2020 and $26 million in operating lease and $7 million in finance lease right-of-use assets obtained in exchange for lease obligations during the three months ended March 31, 2019 . New Accounting Pronouncements: In December 2019, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") that removes certain exceptions in accounting for income taxes, improves consistency in application and clarifies existing guidance. This ASU is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. We do not expect this ASU to have a material impact on our consolidated financial statements. In August 2018, the FASB issued an ASU that aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs for internal-use software. This ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. On January 1, 2020, we adopted the standard on a prospective basis and the standard did not have a material impact to our first quarter 2020 consolidated financial results. In August 2018, the FASB issued an ASU that modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for fiscal years ending after December 15, 2020, with early adoption permitted. We will adopt this standard and reflect the changes to our 2020 annual disclosures. This ASU is not expected to have an impact on our consolidated financial statements. In August 2018, the FASB issued an ASU that modifies the disclosure requirements on fair value measurements. The ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We adopted the standard on January 1, 2020 and there was no material impact to our consolidated financial statements upon adoption. In June 2016, the FASB issued an ASU on the measurement of credit losses on financial instruments. This ASU requires entities to measure the impairment of certain financial instruments, including trade receivables, based on expected losses rather than incurred losses. This ASU is effective for fiscal years beginning after December 15, 2019. We adopted the standard on January 1, 2020 using the modified retrospective basis and there was no material impact to our consolidated financial statements.

Acquisitions and Divestitures

Acquisitions and Divestitures	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Acquisitions and Divestitures	Note 2. Acquisitions and Divestitures On April 1, 2020, we acquired a significant majority interest in Give & Go, a North American leader in fully-finished sweet baked goods and owners of the famous two-bite ® brand of brownies and the Create-A-Treat ® brand, known for cookie and gingerbread house decorating kits. The acquisition of Give and Go provides access to the in-store bakery channel as well as expands our position in broader snacking. The purchase consideration for Give & Go totaled approximately $1.2 billion . Funding for the acquisition consisted of short-term borrowings and cash on hand. We are currently in the process of determining the allocation of the purchase price, which we expect to predominantly be allocated to identifiable intangible assets and goodwill. During the first quarter of 2020, we incurred $5 million of acquisition-related costs. On July 16, 2019, we acquired a majority interest in a U.S. refrigerated nutrition bar company, Perfect Snacks, within our North America segment for $284 million cash paid, net of cash received, and expanded our position in broader snacking. During the first quarter of 2020, we finalized the purchase price allocation of $31 million to definite-lived intangible assets, $107 million to indefinite-lived intangible assets, $150 million to goodwill, $1 million to property, plant and equipment, $12 million to inventory, $8 million to accounts receivable, $13 million to current liabilities, $3 million to deferred tax liabilities and $9 million to other liabilities. The acquisition added incremental net revenues of $32 million and an immaterial amount of incremental operating income during the three months ended March 31, 2020 . On May 28, 2019, we completed the sale of most of our cheese business in the Middle East and Africa to Arla Foods of Denmark. In 2019, we received cash proceeds of $161 million and divested $19 million of current assets and $96 million of non-current assets. We also recorded a net pre-tax gain of $44 million on the sale. The divestiture resulted in a quarter-over-quarter decline in net revenues of $33 million and an immaterial amount of lost operating income during the three months ended March 31, 2020 .

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	Note 3. Inventories Inventories consisted of the following: As of March 31, As of December 31, (in millions) Raw materials $ 702 $ 707 Finished product 1,848 1,953 2,550 2,660 Inventory reserves (109 ) (114 ) Inventories, net $ 2,441 $ 2,546

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2020
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 March 31, As of December 31, (in millions) Land and land improvements $ 402 $ 422 Buildings and building improvements 2,961 3,140 Machinery and equipment 10,669 11,295 Construction in progress 553 680 14,585 15,537 Accumulated depreciation (6,531 ) (6,804 ) Property, plant and equipment, net $ 8,054 $ 8,733 For the three months ended March 31, 2020 , capital expenditures of $214 million excluded $259 million of accrued capital expenditures remaining unpaid at March 31, 2020 and included payment for a portion of the $334 million of capital expenditures that were accrued and unpaid at December 31, 2019 . For the three months ended March 31, 2019 , capital expenditures of $265 million excluded $218 million of accrued capital expenditures remaining unpaid at March 31, 2019 and included payment for a portion of the $331 million of capital expenditures that were accrued and unpaid at December 31, 2018 . 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, Restructuring Program ). For the Three Months Ended 2020 2019 (in millions) Latin America $ — $ — AMEA (1 ) 1 Europe 1 1 North America 1 3 Non-cash property, plant and equipment write-downs $ 1 $ 5

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 5. Goodwill and Intangible Assets Goodwill by segment was: As of March 31, As of December 31, (in millions) Latin America $ 662 $ 818 AMEA 2,981 3,151 Europe 7,272 7,523 North America 9,301 9,356 Goodwill $ 20,216 $ 20,848 Intangible assets consisted of the following: As of March 31, As of December 31, (in millions) Non-amortizable intangible assets $ 16,674 $ 17,296 Amortizable intangible assets 2,267 2,374 18,941 19,670 Accumulated amortization (1,670 ) (1,713 ) Intangible assets, net $ 17,271 $ 17,957 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 brands, customer-related intangibles, process technology, licenses and non-compete agreements. Amortization expense for intangible assets was $43 million for the three months ended March 31, 2020 and $44 million for the three months ended March 31, 2019 . For the next five years, we currently estimate annual amortization expense of approximately $170 million in 2020, approximately $90 million in 2021 and approximately $80 million in 2022-2024 (reflecting March 31, 2020 exchange rates). Changes in goodwill and intangible assets consisted of: Goodwill Intangible Assets, at cost (in millions) Balance at January 1, 2020 $ 20,848 $ 19,670 Currency (632 ) (729 ) Balance at March 31, 2020 $ 20,216 $ 18,941 During our 2019 annual testing of non-amortizable intangible assets, we recorded $57 million of impairment charges in the third quarter of 2019 related to nine brands. We recorded charges related to gum, chocolate, biscuits and candy brands of $39 million in Europe, $15 million in AMEA and $3 million in Latin America. We also identified fourteen brands, including the nine impaired brands, with $616 million of aggregate book value as of March 31, 2020 , 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 not be impaired, but if the brand earnings 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. During Q1 2020, we evaluated our goodwill and intangible asset impairment risk using both qualitative and quantitative analysis and in light of the COVID-19 global pandemic. Based on the financial performance of our goodwill reporting units and intangible assets during the first quarter of 2020 and review of other significant fair value assumptions, we concluded that no impairment indicators were present that would require a full impairment assessment. We will continue to monitor the potential for asset impairment risk over coming quarters.

Equity Method Investments

Equity Method Investments	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Note 6. Equity Method Investments Equity method investments consist of our investments in entities in which we maintain an equity ownership interest and apply the equity method of accounting due to our ability to exert significant influence over decisions relating to their operating and financial affairs. Revenue and expenses of our equity method investees are not consolidated into our financial statements; rather, our proportionate share of the earnings of each investee is reflected as equity method investment net earnings . The carrying values of our equity method investments are also impacted by our proportionate share of items impacting the investee's accumulated other comprehensive income or losses and other items, such as our share of investee dividends. Our equity method investments include, but are not limited to, our ownership interests in Jacobs Douwe Egberts ("JDE"), Keurig Dr Pepper Inc. (NYSE: "KDP"), Dong Suh Foods Corporation and Dong Suh Oil & Fats Co. Ltd. As of March 31, 2020 , we owned 26.4% , 13.1% , 50.0% and 49.0% , respectively, of these companies' outstanding shares. Our investments accounted for under the equity method of accounting totaled $6,887 million as of March 31, 2020 and $7,212 million as of December 31, 2019 . We recorded equity earnings and cash dividends of $138 million and $165 million in the first three months of 2020 and equity earnings and cash dividends of $113 million and $160 million in the first three months of 2019. Keurig Dr Pepper Transactions: On July 9, 2018, Keurig Green Mountain, Inc. ("Keurig") closed on its definitive merger agreement with Dr Pepper Snapple Group, Inc., and formed KDP, a publicly traded company. Following the close of the transaction, our 24.2% investment in Keurig together with our shareholder loan receivable became a 13.8% investment in KDP. During 2018, we recorded a net pre-tax gain of $778 million (or $586 million after-tax). We hold two director positions on the KDP board as well as additional governance rights. As we continue to have significant influence, we continue to account for our investment in KDP 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. In connection with this transaction, we changed our accounting principle during the third quarter of 2018 to reflect our share of Keurig's historical and KDP's ongoing earnings on a one-quarter lag basis while we continue to record dividends when cash is received. We determined a lag was preferable as it enables us to continue to report our quarterly and annual results on a timely basis and to record our share of KDP’s ongoing results once KDP has publicly reported its results. The change was retrospectively applied to all prior periods presented. During the first quarter of 2019, we recognized a pre-tax gain of $23 million (or $18 million after-tax) related to the impact of a KDP acquisition that decreased our ownership interest from 13.8% to 13.6% . On March 4, 2020, we participated in a secondary offering of KDP shares and sold approximately 6.8 million shares, which reduced our ownership interest by 0.5% to 13.1% of the total outstanding shares. We received $185 million of proceeds and recorded a pre-tax gain of $71 million (or $54 million after-tax) during the three months ended March 31, 2020 . We continue to retain significant influence. Based on the quoted closing price as of March 31, 2020 , the fair value of our investment in KDP was $4.5 billion , which exceeded the carrying value of our investment.

Restructuring Program

Restructuring Program	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring Program	Note 7. Restructuring Program On May 6, 2014, our Board of Directors approved a $3.5 billion 2014-2018 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 the $5.7 billion program consisted of approximately $4.1 billion of restructuring program charges ( $3.1 billion cash costs and $1.0 billion non-cash costs) and up to $1.6 billion of capital expenditures. On September 6, 2018, our Board of Directors approved an extension of the restructuring program through 2022, an increase of $1.3 billion in the program charges and an increase of $700 million in capital expenditures. The total $7.7 billion program now consists of $5.4 billion of program charges ( $4.1 billion of cash costs and $1.3 billion of non-cash costs) and total capital expenditures of $2.3 billion to be incurred over the life of the program. The current restructuring program, as increased and extended by these actions, is now called the Simplify to Grow Program. The primary objective of the Simplify to Grow Program is to reduce our operating cost structure in both our supply chain and overhead costs. The program covers severance as well as asset disposals and other manufacturing and procurement-related one-time costs. Since inception, we have incurred total restructuring and implementation charges of $4.4 billion related to the Simplify to Grow Program. We expect to incur the program charges by year-end 2022. Restructuring Costs : The Simplify to Grow Program liability activity for the three months ended March 31, 2020 was: Severance and related costs Asset Write-downs Total (in millions) Liability balance, January 1, 2020 $ 301 $ — $ 301 Charges 14 1 15 Cash spent (37 ) — (37 ) Non-cash settlements/adjustments (2 ) (1 ) (3 ) Currency (11 ) — (11 ) Liability balance, March 31, 2020 $ 265 $ — $ 265 We recorded restructuring charges of $15 million in the first three months of 2020 and $20 million in the first three months of 2019 within asset impairment and exit costs and benefit plan non-service income. We spent $37 million in the first three months of 2020 and $53 million in the first three months of 2019 in cash severance and related costs. We also recognized non-cash pension settlement losses (refer to Note 10, Benefit Plans ), non-cash asset write-downs (including accelerated depreciation and asset impairments) and other non-cash adjustments totaling $3 million in the first three months of 2020 and $29 million in the first three months of 2019 . At March 31, 2020 , $243 million of our net restructuring liability was recorded within other current liabilities and $22 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 Simplify to Grow 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 $43 million in the first three months of 2020 and $50 million in the first three months of 2019 . 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 months ended March 31, 2020 and March 31, 2019 , and since inception of the Simplify to Grow 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 March 31, 2020 Restructuring Costs $ 4 $ (1 ) $ 3 $ 2 $ 7 $ 15 Implementation Costs 7 3 14 10 9 43 Total $ 11 $ 2 $ 17 $ 12 $ 16 $ 58 For the Three Months Ended March 31, 2019 Restructuring Costs $ — $ 6 $ — $ 6 $ 8 $ 20 Implementation Costs 15 7 11 4 13 50 Total $ 15 $ 13 $ 11 $ 10 $ 21 $ 70 Total Project (3) Restructuring Costs $ 521 $ 534 $ 1,079 $ 471 $ 136 $ 2,741 Implementation Costs 276 209 462 394 316 1,657 Total $ 797 $ 743 $ 1,541 $ 865 $ 452 $ 4,398 (1) During 2019 , 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) The Corporate column includes minor adjustments for pension settlement losses and rounding. (3) Includes all charges recorded since program inception on May 6, 2014 through March 31, 2020 .

Debt and Borrowing Arrangements

Debt and Borrowing Arrangements	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 As of December 31, 2019 Amount Outstanding Weighted- Average Rate Amount Outstanding Weighted- Average Rate (in millions, except percentages) Commercial paper $ 3,695 2.0 % $ 2,581 2.0 % Credit facility borrowings 1,000 1.7 % — — Bank loans 69 5.2 % 57 5.2 % Total short-term borrowings $ 4,764 $ 2,638 As of March 31, 2020 , commercial paper issued and outstanding had between 1 and 80 days remaining to maturity. Commercial paper borrowings since year end increased to finance the payment of long-term debt maturities, share repurchases and dividend payments. Some of our international subsidiaries maintain primarily uncommitted credit lines to meet short-term working capital needs. Collectively, these credit lines amounted to $1.4 billion at March 31, 2020 and $1.7 billion at December 31, 2019 . Borrowings on these lines were $69 million at March 31, 2020 and $57 million at December 31, 2019 . On March 24, 2020, we entered into a $1.75 billion revolving credit agreement for a 364 -day senior unsecured credit facility that expires on March 23, 2021. On April 1, 2020, we increased the credit facility from $1.75 billion to $1.95 billion . The agreement includes terms and conditions similar to our existing $4.5 billion multi-year credit facility discussed below with the exception of a requirement that, once the mandatory repayment obligations of the $2.5 billion revolving credit facility described below are satisfied, any proceeds from additional long-term debt issuances of up to $1.95 billion must be used to repay outstanding borrowings under the credit facility and reduce the remaining capacity. As of March 31, 2020, no amounts were drawn on the facility. On March 6, 2020, we entered into a $2.5 billion revolving credit agreement for a 364 -day unsecured credit facility that expires on March 5, 2021. The agreement includes terms and conditions similar to our existing $4.5 billion multi-year credit facility discussed below with the exception of a requirement that any proceeds from long-term debt issuances of up to $2.5 billion in aggregate must be used to repay outstanding borrowings under the credit facility and reduce the remaining capacity. On March 12, 2020, we borrowed $1.0 billion as a strategic decision to increase cash on hand in light of the uncertainty in the global markets resulting from the COVID-19 outbreak. During April 2020, we drew an additional $1.25 billion on the facility primarily to fund the acquisition of Give & Go. Subsequently, we repaid $1.25 billion of the facility and reduced the size of the credit facility to $1.5 billion resulting in a remaining draw capacity of $0.5 billion . On February 26, 2020, we entered into a $1.5 billion revolving credit agreement for a 364 -day senior unsecured credit facility that expires on February 24, 2021. The agreement replaces our previous credit agreement that was scheduled to expire on February 26, 2020 and includes the same terms and conditions as our existing $4.5 billion multi-year credit facility discussed below. As of March 31, 2020, 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. The credit facility is scheduled to expire on February 27, 2024 . 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), the cumulative effects of any changes in accounting principles and earnings/(losses) recognized in connection with the ongoing application of any mark-to-market accounting for pensions and other retirement plans. At March 31, 2020 , we complied with this covenant as our shareholders' equity, as defined by the covenant, was $37.3 billion . The revolving credit facility 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 March 31, 2020 , no amounts were drawn on the facility. Long-Term Debt: On April 13, 2020, we issued $1.0 billion of U.S. dollar denominated notes, consisting of $500 million 2.125% notes that mature on April 13, 2023 and $500 million 2.750% notes that mature on April 13, 2030. We received proceeds of $991.3 million , net of discounts and associated financing costs. The proceeds were used to repay amounts outstanding under our revolving credit agreement. We recorded approximately $8.7 million of deferred financing costs and discounts that will be amortized evenly into interest expense over the life of the notes. On March 30, 2020, fr 225 million (or $235 million ) of our 0.05% Swiss franc notes matured. The notes and accrued interest to date were paid from the amounts drawn on our 364 -day revolving credit facility, commercial paper and cash on hand. On February 10, 2020, $427 million of our 5.375% U.S. dollar notes matured. The bonds and accrued interest to date were paid with the issuance of commercial paper and cash on hand. Fair Value of Our Debt: The fair value of our short-term borrowings at March 31, 2020 and December 31, 2019 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 March 31, 2020 , the aggregate fair value of our total debt was $20,410 million and its carrying value was $19,790 million . At December 31, 2019 , the aggregate fair value of our total debt was $19,388 million and its carrying value was $18,426 million . Interest and Other Expense, net: Interest and other expense, net consisted of: For the Three Months Ended 2020 2019 (in millions) Interest expense, debt $ 110 $ 123 Loss related to interest rate swaps 103 — Other (income)/expense, net (23 ) (43 ) Interest and other expense, net $ 190 $ 80 Other income includes amounts excluded from hedge effectiveness related to our net investment hedge derivative contracts and totaled $33 million for the three months ended March 31, 2020 and $33 million for the three months ended March 31, 2019 .

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 As of December 31, 2019 Asset Derivatives Liability Derivatives Asset Derivatives Liability Derivatives (in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 73 $ 13 $ 19 $ 190 Net investment hedge derivative contracts (1) 641 — 312 65 $ 714 $ 13 $ 331 $ 255 Derivatives not designated as accounting hedges: Currency exchange contracts $ 158 $ 136 $ 67 $ 50 Commodity contracts 180 342 201 120 $ 338 $ 478 $ 268 $ 170 Total fair value $ 1,052 $ 491 $ 599 $ 425 (1) Net investment hedge derivative contracts consist of cross-currency interest rate swaps and forward contracts. We also designate some of our non-U.S. dollar denominated debt to hedge a portion of our net investments in our non-U.S. operations. This debt is not reflected in the table above, but is included in long-term debt discussed in Note 8, Debt and Borrowing Arrangements . Both net investment hedge derivative contracts and non-U.S. dollar denominated debt acting as net investment hedges are also disclosed in the Derivative Volume table and the Hedges of Net Investments in International Operations section appearing later in this footnote. Derivatives designated as accounting hedges include cash flow and net investment hedge derivative contracts. Our currency exchange and commodity derivative contracts are economic hedges that are not designated as accounting hedges. 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 March 31, 2020 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 $ 22 $ — $ 22 $ — Commodity contracts (162 ) (29 ) (133 ) — Interest rate contracts 60 — 60 — Net investment hedge contracts 641 — 641 — Total derivatives $ 561 $ (29 ) $ 590 $ — As of December 31, 2019 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 $ 17 $ — $ 17 $ — Commodity contracts 81 27 54 — Interest rate contracts (171 ) — (171 ) — Net investment hedge contracts 247 — 247 — Total derivatives $ 174 $ 27 $ 147 $ — 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. 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 notional values of our hedging instruments were: Notional Amount As of March 31, 2020 As of December 31, 2019 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ 2,544 $ 2,474 Forecasted transactions 3,869 3,993 Commodity contracts 7,571 7,238 Interest rate contracts 4,250 5,250 Net investment hedges: Net investment hedge derivative contracts 6,652 6,864 Non-U.S. dollar debt designated as net investment hedges Euro notes 3,381 3,436 British pound sterling notes 327 349 Swiss franc notes 1,223 1,448 Canadian dollar notes 427 462 Cash Flow Hedges: Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings/(losses) included: For the Three Months Ended 2020 2019 (in millions) Accumulated (loss)/gain at beginning of period $ (212 ) $ (167 ) Transfer of realized losses/(gains) in fair value to earnings 81 — Unrealized (loss)/gain in fair value (21 ) (69 ) Accumulated (loss)/gain at end of period $ (152 ) $ (236 ) After-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings were: For the Three Months Ended 2020 2019 (in millions) Interest rate contracts $ (81 ) $ — Within interest and other expense, net, we recognized an after-tax loss of $79 million ( $103 million pre-tax) in the three months ended March 31, 2020 related to certain forward-starting interest rate swaps for which the planned tenor of the related forecasted debt was changed. After-tax gains/(losses) recognized in other comprehensive earnings/(losses) were: For the Three Months Ended 2020 2019 (in millions) Interest rate contracts $ (21 ) $ (69 ) Cash flow hedge ineffectiveness was not material for all periods presented. 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 interest and other expense, net for interest rate contracts. Based on current market conditions, we would expect to transfer losses of $19 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months. Cash Flow Hedge Coverage: As of March 31, 2020 , our longest dated cash flow hedges were interest rate swaps that hedge forecasted interest rate payments over the next 4 years and 6 months. Hedges of Net Investments in International Operations: Net investment hedge ("NIH") derivative contracts: We enter 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 March 31, 2020 was $6.7 billion . The impacts of the net investment hedge derivative contracts on other comprehensive earnings and net earnings were as follows: For the Three Months Ended 2020 2019 (in millions) After-tax gain/(loss) on NIH contracts (1) $ 332 $ 14 (1) Amounts recorded for unsettled and settled NIH derivative contracts are recorded in the cumulative translation adjustment within other comprehensive earnings. The cash flows from the settled contracts are reported within other investing activities in the condensed consolidated statement of cash flows. For the Three Months Ended 2020 2019 (in millions) Amounts excluded from the assessment of hedge effectiveness (1) $ 33 $ 33 (1) We elected to record changes in the fair value of amounts excluded from the assessment of effectiveness in net earnings within interest and other expense, net. Non-U.S. dollar debt designated as net investment hedges: 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 2020 2019 (in millions) Euro notes $ 42 $ 58 British pound sterling notes 17 (6 ) Swiss franc notes (6 ) 13 Canadian notes 27 (7 ) Economic Hedges: Pre-tax gains/(losses) recorded in net earnings for economic hedges were: For the Three Months Ended Location of Gain/(Loss) Recognized in Earnings 2020 2019 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ (73 ) $ 61 Interest and other expense, net Forecasted transactions 26 5 Cost of sales Forecasted transactions 1 — Interest and other expense, net Forecasted transactions (1 ) — Selling, general and administrative expenses Commodity contracts (197 ) 14 Cost of sales Total $ (244 ) $ 80

Benefit Plans

Benefit Plans	3 Months Ended
	Mar. 31, 2020
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 2020 2019 2020 2019 (in millions) Service cost $ 1 $ 9 $ 30 $ 31 Interest cost 13 16 37 51 Expected return on plan assets (19 ) (22 ) (99 ) (103 ) Amortization: Net loss from experience differences 4 5 29 38 Prior service cost/(credit) — — (2 ) (2 ) Settlement losses and other expenses 4 4 2 — Net periodic pension cost $ 3 $ 12 $ (3 ) $ 15 Employer Contributions: During the three months ended March 31, 2020 , we contributed $10 million to our U.S. pension plans and $62 million to our non-U.S. pension plans, including $28 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 March 31, 2020 , over the remainder of 2020 , we plan to make further contributions of approximately $6 million to our U.S. plans and approximately $128 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: On July 11, 2019, we received an undiscounted withdrawal liability assessment related to the complete withdrawal from the Bakery and Confectionery Union and Industry International Pension Fund totaling $526 million requiring pro-rata monthly payments over 20 years. We began making monthly payments during the third quarter of 2019. We record an immaterial amount of accreted interest each quarter on the long-term liability within interest and other expense, net. As of March 31, 2020 , the remaining discounted withdrawal liability was $387 million , with $14 million recorded in other current liabilities and $373 million recorded in long-term other liabilities. Postretirement Benefit Plans Net periodic postretirement health care benefit consisted of the following: For the Three Months Ended 2020 2019 (in millions) Service cost $ 1 $ 1 Interest cost 3 4 Amortization: Net loss from experience differences 3 2 Prior service credit (8 ) (10 ) Net periodic postretirement health care benefit $ (1 ) $ (3 ) Postemployment Benefit Plans Net periodic postemployment cost consisted of the following: For the Three Months Ended 2020 2019 (in millions) Service cost $ 1 $ 1 Interest cost 1 1 Amortization of net gains (1 ) (1 ) Net periodic postemployment cost $ 1 $ 1

Stock Plans

Stock Plans	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [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, 2020 33,855,948 $36.19 5 years $ 640 million Annual grant to eligible employees 2,280,440 59.04 Additional options issued 34,350 54.59 Total options granted 2,314,790 58.97 Options exercised (1) (4,210,414 ) 28.62 $ 120 million Options canceled (262,968 ) 41.20 Balance at March 31, 2020 31,697,356 38.31 6 years $ 378 million (1) Cash received from options exercised was $119 million in the three months ended March 31, 2020 . The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $17 million in the three months ended March 31, 2020 . 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, 2020 5,661,945 $46.90 Annual grant to eligible employees: Feb. 20, 2020 Performance share units 825,230 65.83 Deferred stock units 545,550 59.04 Additional shares granted (1) 226,700 Various 57.53 Total shares granted 1,597,480 62.77 $ 100 million Vested (2) (1,585,787 ) 43.10 $ 68 million Forfeited (287,626 ) 44.78 Balance at March 31, 2020 5,386,012 52.84 (1) Includes performance share units and deferred stock units. (2) The actual tax benefit/(expense) realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled less than $3 million in the three months ended March 31, 2020 . (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, 2020, we had repurchased $16.5 billion of Common Stock pursuant to this authorization. During the three months ended March 31, 2020 , we repurchased approximately 12.9 million shares of Common Stock at an average cost of $54.25 per share, or an aggregate cost of approximately $0.7 billion , all of which was paid during the period. All share repurchases were funded through available cash and commercial paper issuances. As of March 31, 2020 , we have $2.5 billion in remaining share repurchase capacity.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies Legal Proceedings: We routinely are involved in legal proceedings, claims, disputes, regulatory matters and governmental inspections or investigations arising in the ordinary course of or incidental to our business, including those noted below in this section. We record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated. For matters we have not provided for that are reasonably possible to result in an unfavorable outcome, management is unable to estimate the possible loss or range of loss or such amounts have been determined to be immaterial. 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. 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 (the "District Court"), 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. On August 15, 2019, the District Court approved a settlement agreement between the CFTC and Mondelēz Global. The terms of the settlement, which are available in the District Court’s docket, had an immaterial impact on our financial position, results of operations and cash flows. On October 23, 2019, following a ruling by the United States Court of Appeals for the Seventh Circuit regarding Mondelēz Global's allegations that the CFTC and its Commissioners violated certain terms of the settlement agreement and the CFTC's argument that the Commissioners were not bound by the terms of the settlement agreement, the District Court vacated the settlement agreement and reinstated all pending motions that the District Court had previously mooted as a result of the settlement. The parties have reached a new agreement in principle to resolve the CFTC action and have submitted the settlement to the District Court for approval. The District Court has scheduled a conference on June 4, 2020 to discuss the proposed settlement agreement. Additionally, several class action complaints were filed against Kraft Foods Group and Mondelēz Global in the District Court 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 the plaintiffs are seeking class action certification; monetary damages, interest and unjust enrichment; costs and fees; and injunctive, declaratory and other unspecified relief. In June 2015, these suits were consolidated in the District Court. On January 3, 2020, the District Court granted plantiffs' request to certify a class. 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. Although the CFTC action and the class action complaints involve the same alleged conduct, a resolution or decision with respect to one of the matters may not be dispositive as to the outcome of the other matter. In November 2019, the European Commission informed us that it has initiated an investigation into our alleged infringement of European Union competition law through certain practices restricting cross-border trade within the European Economic Area. We are cooperating with the investigation and expect to engage further with the European Commission as their investigation proceeds. It is not possible to predict how long the investigation will take or the ultimate outcome of this matter. On August 21, 2018, the Virginia Department of Environmental Quality (“VDEQ”) issued a Notice of Violation (“NOV”) to Mondelēz Global. In the NOV, the VDEQ alleges that in our Richmond bakery, one operating line did not have the proper minimum temperature on its pollution control equipment and that the bakery failed to provide certain observation and training records. The VDEQ indicated that the alleged violations may lead to a fine and/or injunctive relief. We are working with the VDEQ to reach a resolution of this matter. We expect the penalty we will pay related to this matter will be less than $100,000 and thus do not expect this matter to have a material effect on our financial results. 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 March 31, 2020 , 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.

Reclassifications from Accumula

Reclassifications from Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2020
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 $104 million in the first three months of 2020 and $29 million in the first three months of 2019 . For the Three Months Ended 2020 2019 (in millions) Currency Translation Adjustments: Balance at beginning of period $ (8,302 ) $ (8,603 ) Currency translation adjustments (1,421 ) 168 Tax (expense)/benefit (90 ) 22 Other comprehensive earnings/(losses) (1,511 ) 190 Less: other comprehensive (earnings)/loss attributable to noncontrolling interests 5 1 Balance at end of period (9,808 ) (8,412 ) Pension and Other Benefit Plans: Balance at beginning of period $ (1,744 ) $ (1,860 ) Net actuarial gain/(loss) arising during period (5 ) (24 ) Tax (expense)/benefit on net actuarial gain/(loss) — 6 Losses/(gains) reclassified into net earnings: Amortization of experience losses and prior service costs (1) 25 32 Settlement losses and other expenses (1) 6 4 Tax expense/(benefit) on reclassifications (2) (8 ) (7 ) Currency impact 61 (1 ) Other comprehensive earnings/(losses) 79 10 Balance at end of period (1,665 ) (1,850 ) Derivative Cash Flow Hedges: Balance at beginning of period $ (212 ) $ (167 ) Net derivative gains/(losses) (37 ) (77 ) Tax (expense)/benefit on net derivative gain/(loss) 14 8 Losses/(gains) reclassified into net earnings: Interest rate contracts (3) 105 — Tax expense/(benefit) on reclassifications (2) (24 ) — Currency impact 2 — Other comprehensive earnings/(losses) 60 (69 ) Balance at end of period (152 ) (236 ) Accumulated other comprehensive income attributable to Mondelēz International: Balance at beginning of period $ (10,258 ) $ (10,630 ) Total other comprehensive earnings/(losses) (1,372 ) 131 Less: other comprehensive (earnings)/loss attributable to noncontrolling interests 5 1 Other comprehensive earnings/(losses) attributable to Mondelēz International (1,367 ) 132 Balance at end of period $ (11,625 ) $ (10,498 ) (1) These reclassified losses are included in net periodic benefit costs disclosed in Note 10, Benefit Plans . (2) Taxes reclassified to earnings are recorded within the provision for income taxes. (3)

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 14. Income Taxes As of the first quarter of 2020 , our estimated annual effective tax rate, which excludes discrete tax impacts, was 25.2% . This rate reflected the impact of unfavorable foreign provisions under U.S. tax laws and our tax related to earnings from equity method investments (the earnings are reported separately on our statement of earnings and thus not included in earnings before income taxes), partially offset by favorable impacts from the mix of pre-tax income in various non-U.S. jurisdictions. Our effective tax rate for the three months ended March 31, 2020 of 21.2% was favorably impacted by discrete net tax benefits of $28 million , primarily driven by a $22 million net benefit from the release of liabilities for uncertain tax positions due to expirations of statutes of limitations and audit settlements in several jurisdictions. As of the first quarter of 2019 , our estimated annual effective tax rate, which excluded discrete tax impacts, was 25.9% . This reflected the impact of unfavorable foreign provisions under U.S. tax laws and our tax related to earnings from equity method investments (the earnings are reported separately on our statement of earnings and thus not included in earnings before income taxes), partially offset by favorable impacts from the mix of pre-tax income in various non-U.S. jurisdictions. Our effective tax rate for the three months ended March 31, 2019 of 19.4% was favorably impacted by discrete net tax benefits of $63 million , primarily driven by $60 million of benefit from the release of liabilities for uncertain tax positions due to expirations of statutes of limitations and audit settlements in various jurisdictions.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2020
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 2020 2019 (in millions, except per share data) Net earnings $ 760 $ 920 Noncontrolling interest earnings (7 ) (6 ) Net earnings attributable to Mondelēz International $ 753 $ 914 Weighted-average shares for basic EPS 1,434 1,449 Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares 11 12 Weighted-average shares for diluted EPS 1,445 1,461 Basic earnings per share attributable to Mondelēz International $ 0.53 $ 0.63 Diluted earnings per share attributable to Mondelēz International $ 0.52 $ 0.63 We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options and performance share units of 4.0 million in the first three months of 2020 and 6.2 million in the first three months of 2019 .

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2020
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 across our key markets. Our regional management teams have responsibility for the business, product categories and financial results in the regions. Our operations and management structure are organized into four operating segments: • Latin America • AMEA • Europe • North America 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), 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 2020 2019 (in millions) Net revenues: Latin America $ 726 $ 800 AMEA 1,502 1,541 Europe 2,584 2,551 North America 1,895 1,646 Net revenues $ 6,707 $ 6,538 Operating income: Latin America $ 78 $ 98 AMEA 234 256 Europe 472 500 North America 381 319 Unrealized (losses)/gains on hedging activities (mark-to-market impacts) (185 ) 16 General corporate expenses (76 ) (109 ) Amortization of intangibles (43 ) (44 ) Acquisition-related costs (5 ) — Operating income 856 1,036 Benefit plan non-service income 33 17 Interest and other expense, net (190 ) (80 ) Earnings before income taxes $ 699 $ 973 Items impacting our segment operating results are discussed in Note 1, Basis of Presentation , Note 2, Acquisitions and Divestitures , Note 4, Property, Plant and Equipment , Note 5, Goodwill and Intangible Assets , and Note 7, Restructuring Program . 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 March 31, 2020 Latin America AMEA Europe North America Total (in millions) Biscuits $ 174 $ 508 $ 746 $ 1,598 $ 3,026 Chocolate 194 543 1,363 56 2,156 Gum & Candy 182 185 173 241 781 Beverages 102 171 25 — 298 Cheese & Grocery 74 95 277 — 446 Total net revenues $ 726 $ 1,502 $ 2,584 $ 1,895 $ 6,707 For the Three Months Ended March 31, 2019 Latin America AMEA Europe North America Total (in millions) Biscuits $ 170 $ 461 $ 734 $ 1,372 $ 2,737 Chocolate 230 557 1,360 59 2,206 Gum & Candy 200 225 173 215 813 Beverages 123 172 26 — 321 Cheese & Grocery 77 126 258 — 461 Total net revenues $ 800 $ 1,541 $ 2,551 $ 1,646 $ 6,538

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
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, 2019 .
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 that were deconsolidated in 2015. All intercompany transactions are eliminated. The noncontrolling interest represents the noncontrolling investors' interests in the results of subsidiaries that we control and consolidate. 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 (except for highly inflationary currencies) 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 discussed below, beginning on July 1, 2018, we began to apply highly inflationary accounting for our operations in Argentina. Argentina. During the second quarter of 2018, primarily based on published estimates that indicated that Argentina's three-year cumulative inflation rate exceeded 100%, we concluded that Argentina became a highly inflationary economy for accounting purposes. As of July 1, 2018, we began to apply highly inflationary accounting for our Argentinian subsidiaries and changed their functional currency from the Argentinian peso to the U.S. dollar. On July 1, 2018, both monetary and non-monetary assets and liabilities denominated in Argentinian pesos were remeasured into U.S. dollars using the exchange rate as of the balance sheet date, with remeasurement and other transaction gains and losses recorded in net earnings. As of March 31, 2020 , our Argentinian operations had $9 million of Argentinian peso denominated net monetary assets. Our Argentinian operations contributed $98 million , or 1.5% of consolidated net revenues in the three months ended March 31, 2020 . Within selling, general and administrative expenses, we recorded a remeasurement loss of $2 million during the three months ended March 31, 2020 as well as a remeasurement loss of $2 million during the three months ended March 31, 2019 related to the revaluation of the Argentinian peso denominated net monetary position over these periods. Brexit . In the three months ended March 31, 2020 , we generated 9.4% of our consolidated net revenues in the United Kingdom. On January 31, 2020, the United Kingdom began the withdrawal process from the European Union under the European and U.K. Parliament approved Withdrawal Agreement. During a transition period currently scheduled to end on December 31, 2020, the United Kingdom will effectively remain in the E.U.’s customs union and single market while a trade deal with the European Union is negotiated. The deadline for extending the transition period ends on June 30, 2020. If the transition period is not extended, on December 31, 2020, the United Kingdom will either exit the European Union without a trade deal or will begin a new trade relationship with the European Union. During the transition period, we continue to take protective measures in response to the potential impacts on our results of operations and financial condition. Following the Brexit vote in June 2016, there was significant volatility in the global stock markets and currency exchange rates. The value of the British pound sterling relative to the U.S. dollar declined significantly and negatively affected our translated results reported in U.S. dollars. If the ultimate terms of the United Kingdom’s separation from the European Union negatively impact the U.K. economy or result in disruptions to sales or our supply chain, the impact to our results of operations and financial condition could be material. We have taken measures to increase our resources in customer service & logistics together with increasing our inventory levels of imported raw materials, packaging and finished goods in the United Kingdom to help us manage through the Brexit transition and the inherent risks. Other Countries. Since we sell our products in over 150 countries and have operations in approximately 80 countries, we monitor economic and currency-related risks and seek to take protective measures in response to these exposures, including the impacts related to the global outbreak of the novel coronavirus (“COVID-19”) during the first quarter of 2020. Most countries in which we do business have recently experienced periods of significant economic uncertainty as well as exchange rate volatility. We continue to monitor the COVID-19 and other impacts to our business operations, currencies and net monetary exposures in the countries in which we operate. At this time, except for Argentina which is accounted for as a highly inflationary economy, we do not anticipate any other countries in which we operate to be at risk of becoming highly inflationary countries.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash:
Allowances for Credit Losses	Allowances for Credit Losses: The allowances for credit losses are recorded against our receivables. They are developed at a country and region level based on historical collection experiences, current economic condition of specific customers and the forecasted economic condition of countries using various factors such as bond default rates and consumption indexes. We write-off receivables once it is determined that the receivables are no longer collectible and as allowed by local laws.
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 $840 million as of March 31, 2020 and $760 million as of December 31, 2019 . 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 December 2019, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") that removes certain exceptions in accounting for income taxes, improves consistency in application and clarifies existing guidance. This ASU is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. We do not expect this ASU to have a material impact on our consolidated financial statements. In August 2018, the FASB issued an ASU that aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs for internal-use software. This ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. On January 1, 2020, we adopted the standard on a prospective basis and the standard did not have a material impact to our first quarter 2020 consolidated financial results. In August 2018, the FASB issued an ASU that modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for fiscal years ending after December 15, 2020, with early adoption permitted. We will adopt this standard and reflect the changes to our 2020 annual disclosures. This ASU is not expected to have an impact on our consolidated financial statements. In August 2018, the FASB issued an ASU that modifies the disclosure requirements on fair value measurements. The ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We adopted the standard on January 1, 2020 and there was no material impact to our consolidated financial statements upon adoption. In June 2016, the FASB issued an ASU on the measurement of credit losses on financial instruments. This ASU requires entities to measure the impairment of certain financial instruments, including trade receivables, based on expected losses rather than incurred losses. This ASU is effective for fiscal years beginning after December 15, 2019. We adopted the standard on January 1, 2020 using the modified retrospective basis and there was no material impact to our consolidated financial statements.

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Schedule of Changes in Allowances for Credit Losses	Changes in allowances for credit losses consisted of: Allowance for Trade Receivables Allowance for Other Current Receivables Allowance for Long-Term Receivables (in millions) Balance at January 1, 2020 $ (35 ) $ (44 ) $ (14 ) Current period provision for expected credit losses (5 ) 1 (2 ) Currency 1 3 3 Balance at March 31, 2020 $ (39 ) $ (40 ) $ (13 )

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Components of Inventories	Inventories consisted of the following: As of March 31, As of December 31, (in millions) Raw materials $ 702 $ 707 Finished product 1,848 1,953 2,550 2,660 Inventory reserves (109 ) (114 ) Inventories, net $ 2,441 $ 2,546

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of Components of Property, Plant and Equipment	Property, plant and equipment consisted of the following: As of March 31, As of December 31, (in millions) Land and land improvements $ 402 $ 422 Buildings and building improvements 2,961 3,140 Machinery and equipment 10,669 11,295 Construction in progress 553 680 14,585 15,537 Accumulated depreciation (6,531 ) (6,804 ) Property, plant and equipment, net $ 8,054 $ 8,733
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, Restructuring Program ). For the Three Months Ended 2020 2019 (in millions) Latin America $ — $ — AMEA (1 ) 1 Europe 1 1 North America 1 3 Non-cash property, plant and equipment write-downs $ 1 $ 5 During the three months ended March 31, 2020 and March 31, 2019 , and since inception of the Simplify to Grow 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 March 31, 2020 Restructuring Costs $ 4 $ (1 ) $ 3 $ 2 $ 7 $ 15 Implementation Costs 7 3 14 10 9 43 Total $ 11 $ 2 $ 17 $ 12 $ 16 $ 58 For the Three Months Ended March 31, 2019 Restructuring Costs $ — $ 6 $ — $ 6 $ 8 $ 20 Implementation Costs 15 7 11 4 13 50 Total $ 15 $ 13 $ 11 $ 10 $ 21 $ 70 Total Project (3) Restructuring Costs $ 521 $ 534 $ 1,079 $ 471 $ 136 $ 2,741 Implementation Costs 276 209 462 394 316 1,657 Total $ 797 $ 743 $ 1,541 $ 865 $ 452 $ 4,398 (1) During 2019 , 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) The Corporate column includes minor adjustments for pension settlement losses and rounding. (3) Includes all charges recorded since program inception on May 6, 2014 through March 31, 2020 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill by Segment	Goodwill by segment was: As of March 31, As of December 31, (in millions) Latin America $ 662 $ 818 AMEA 2,981 3,151 Europe 7,272 7,523 North America 9,301 9,356 Goodwill $ 20,216 $ 20,848
Schedule of Intangible Assets Disclosure	Intangible assets consisted of the following: As of March 31, As of December 31, (in millions) Non-amortizable intangible assets $ 16,674 $ 17,296 Amortizable intangible assets 2,267 2,374 18,941 19,670 Accumulated amortization (1,670 ) (1,713 ) Intangible assets, net $ 17,271 $ 17,957
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, 2020 $ 20,848 $ 19,670 Currency (632 ) (729 ) Balance at March 31, 2020 $ 20,216 $ 18,941

Restructuring Program (Tables)

Restructuring Program (Tables)	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Program Liability	The Simplify to Grow Program liability activity for the three months ended March 31, 2020 was: Severance and related costs Asset Write-downs Total (in millions) Liability balance, January 1, 2020 $ 301 $ — $ 301 Charges 14 1 15 Cash spent (37 ) — (37 ) Non-cash settlements/adjustments (2 ) (1 ) (3 ) Currency (11 ) — (11 ) Liability balance, March 31, 2020 $ 265 $ — $ 265
Schedule of Restructuring and Implementation Costs by Segment	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, Restructuring Program ). For the Three Months Ended 2020 2019 (in millions) Latin America $ — $ — AMEA (1 ) 1 Europe 1 1 North America 1 3 Non-cash property, plant and equipment write-downs $ 1 $ 5 During the three months ended March 31, 2020 and March 31, 2019 , and since inception of the Simplify to Grow 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 March 31, 2020 Restructuring Costs $ 4 $ (1 ) $ 3 $ 2 $ 7 $ 15 Implementation Costs 7 3 14 10 9 43 Total $ 11 $ 2 $ 17 $ 12 $ 16 $ 58 For the Three Months Ended March 31, 2019 Restructuring Costs $ — $ 6 $ — $ 6 $ 8 $ 20 Implementation Costs 15 7 11 4 13 50 Total $ 15 $ 13 $ 11 $ 10 $ 21 $ 70 Total Project (3) Restructuring Costs $ 521 $ 534 $ 1,079 $ 471 $ 136 $ 2,741 Implementation Costs 276 209 462 394 316 1,657 Total $ 797 $ 743 $ 1,541 $ 865 $ 452 $ 4,398 (1) During 2019 , 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) The Corporate column includes minor adjustments for pension settlement losses and rounding. (3) Includes all charges recorded since program inception on May 6, 2014 through March 31, 2020 .

Debt and Borrowing Arrangemen_2

Debt and Borrowing Arrangements (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 As of December 31, 2019 Amount Outstanding Weighted- Average Rate Amount Outstanding Weighted- Average Rate (in millions, except percentages) Commercial paper $ 3,695 2.0 % $ 2,581 2.0 % Credit facility borrowings 1,000 1.7 % — — Bank loans 69 5.2 % 57 5.2 % Total short-term borrowings $ 4,764 $ 2,638
Schedule of Interest and Other Expense	Interest and other expense, net consisted of: For the Three Months Ended 2020 2019 (in millions) Interest expense, debt $ 110 $ 123 Loss related to interest rate swaps 103 — Other (income)/expense, net (23 ) (43 ) Interest and other expense, net $ 190 $ 80

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Pre-tax Effects of Derivative Instruments	Pre-tax gains/(losses) recorded in net earnings for economic hedges were: For the Three Months Ended Location of Gain/(Loss) Recognized in Earnings 2020 2019 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ (73 ) $ 61 Interest and other expense, net Forecasted transactions 26 5 Cost of sales Forecasted transactions 1 — Interest and other expense, net Forecasted transactions (1 ) — Selling, general and administrative expenses Commodity contracts (197 ) 14 Cost of sales Total $ (244 ) $ 80
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 2020 2019 (in millions) Accumulated (loss)/gain at beginning of period $ (212 ) $ (167 ) Transfer of realized losses/(gains) in fair value to earnings 81 — Unrealized (loss)/gain in fair value (21 ) (69 ) Accumulated (loss)/gain at end of period $ (152 ) $ (236 )
Schedule of Pre-tax Effects of Derivative Instruments	After-tax gains/(losses) reclassified from accumulated other comprehensive earnings/(losses) into net earnings were: For the Three Months Ended 2020 2019 (in millions) Interest rate contracts $ (81 ) $ — Within interest and other expense, net, we recognized an after-tax loss of $79 million ( $103 million pre-tax) in the three months ended March 31, 2020 related to certain forward-starting interest rate swaps for which the planned tenor of the related forecasted debt was changed. After-tax gains/(losses) recognized in other comprehensive earnings/(losses) were: For the Three Months Ended 2020 2019 (in millions) Interest rate contracts $ (21 ) $ (69 )
Net investment hedges
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 2020 2019 (in millions) Euro notes $ 42 $ 58 British pound sterling notes 17 (6 ) Swiss franc notes (6 ) 13 Canadian notes 27 (7 ) For the Three Months Ended 2020 2019 (in millions) After-tax gain/(loss) on NIH contracts (1) $ 332 $ 14 (1) Amounts recorded for unsettled and settled NIH derivative contracts are recorded in the cumulative translation adjustment within other comprehensive earnings. The cash flows from the settled contracts are reported within other investing activities in the condensed consolidated statement of cash flows. For the Three Months Ended 2020 2019 (in millions) Amounts excluded from the assessment of hedge effectiveness (1) $ 33 $ 33 (1) We elected to record changes in the fair value of amounts excluded from the assessment of effectiveness in net earnings within interest and other expense, net.
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 March 31, 2020 As of December 31, 2019 Asset Derivatives Liability Derivatives Asset Derivatives Liability Derivatives (in millions) Derivatives designated as accounting hedges: Interest rate contracts $ 73 $ 13 $ 19 $ 190 Net investment hedge derivative contracts (1) 641 — 312 65 $ 714 $ 13 $ 331 $ 255 Derivatives not designated as accounting hedges: Currency exchange contracts $ 158 $ 136 $ 67 $ 50 Commodity contracts 180 342 201 120 $ 338 $ 478 $ 268 $ 170 Total fair value $ 1,052 $ 491 $ 599 $ 425 (1) Net investment hedge derivative contracts consist of cross-currency interest rate swaps and forward contracts. We also designate some of our non-U.S. dollar denominated debt to hedge a portion of our net investments in our non-U.S. operations. This debt is not reflected in the table above, but is included in long-term debt discussed in Note 8, Debt and Borrowing Arrangements . Both net investment hedge derivative contracts and non-U.S. dollar denominated debt acting as net investment hedges are also disclosed in the Derivative Volume table and the Hedges of Net Investments in International Operations section appearing later in this footnote.
Schedule of Derivative Instruments Fair Value and Measurement Inputs	The fair values (asset/(liability)) of our derivative instruments were determined using: As of March 31, 2020 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 $ 22 $ — $ 22 $ — Commodity contracts (162 ) (29 ) (133 ) — Interest rate contracts 60 — 60 — Net investment hedge contracts 641 — 641 — Total derivatives $ 561 $ (29 ) $ 590 $ — As of December 31, 2019 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 $ 17 $ — $ 17 $ — Commodity contracts 81 27 54 — Interest rate contracts (171 ) — (171 ) — Net investment hedge contracts 247 — 247 — Total derivatives $ 174 $ 27 $ 147 $ —
Schedule of Notional Values of Derivative Instruments	The notional values of our hedging instruments were: Notional Amount As of March 31, 2020 As of December 31, 2019 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ 2,544 $ 2,474 Forecasted transactions 3,869 3,993 Commodity contracts 7,571 7,238 Interest rate contracts 4,250 5,250 Net investment hedges: Net investment hedge derivative contracts 6,652 6,864 Non-U.S. dollar debt designated as net investment hedges Euro notes 3,381 3,436 British pound sterling notes 327 349 Swiss franc notes 1,223 1,448 Canadian dollar notes 427 462

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2020
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 2020 2019 2020 2019 (in millions) Service cost $ 1 $ 9 $ 30 $ 31 Interest cost 13 16 37 51 Expected return on plan assets (19 ) (22 ) (99 ) (103 ) Amortization: Net loss from experience differences 4 5 29 38 Prior service cost/(credit) — — (2 ) (2 ) Settlement losses and other expenses 4 4 2 — Net periodic pension cost $ 3 $ 12 $ (3 ) $ 15
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 2020 2019 (in millions) Service cost $ 1 $ 1 Interest cost 3 4 Amortization: Net loss from experience differences 3 2 Prior service credit (8 ) (10 ) Net periodic postretirement health care benefit $ (1 ) $ (3 )
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 2020 2019 (in millions) Service cost $ 1 $ 1 Interest cost 1 1 Amortization of net gains (1 ) (1 ) Net periodic postemployment cost $ 1 $ 1

Stock Plans (Tables)

Stock Plans (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 33,855,948 $36.19 5 years $ 640 million Annual grant to eligible employees 2,280,440 59.04 Additional options issued 34,350 54.59 Total options granted 2,314,790 58.97 Options exercised (1) (4,210,414 ) 28.62 $ 120 million Options canceled (262,968 ) 41.20 Balance at March 31, 2020 31,697,356 38.31 6 years $ 378 million (1) Cash received from options exercised was $119 million in the three months ended March 31, 2020 . The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $17 million in the three months ended March 31, 2020 .
Performance Share Units and Other Stock-Based Awards
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, 2020 5,661,945 $46.90 Annual grant to eligible employees: Feb. 20, 2020 Performance share units 825,230 65.83 Deferred stock units 545,550 59.04 Additional shares granted (1) 226,700 Various 57.53 Total shares granted 1,597,480 62.77 $ 100 million Vested (2) (1,585,787 ) 43.10 $ 68 million Forfeited (287,626 ) 44.78 Balance at March 31, 2020 5,386,012 52.84 (1) Includes performance share units and deferred stock units. (2) The actual tax benefit/(expense) realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled less than $3 million in the three months ended March 31, 2020 . (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 Accumu_2

Reclassifications from Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2020
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 $104 million in the first three months of 2020 and $29 million in the first three months of 2019 . For the Three Months Ended 2020 2019 (in millions) Currency Translation Adjustments: Balance at beginning of period $ (8,302 ) $ (8,603 ) Currency translation adjustments (1,421 ) 168 Tax (expense)/benefit (90 ) 22 Other comprehensive earnings/(losses) (1,511 ) 190 Less: other comprehensive (earnings)/loss attributable to noncontrolling interests 5 1 Balance at end of period (9,808 ) (8,412 ) Pension and Other Benefit Plans: Balance at beginning of period $ (1,744 ) $ (1,860 ) Net actuarial gain/(loss) arising during period (5 ) (24 ) Tax (expense)/benefit on net actuarial gain/(loss) — 6 Losses/(gains) reclassified into net earnings: Amortization of experience losses and prior service costs (1) 25 32 Settlement losses and other expenses (1) 6 4 Tax expense/(benefit) on reclassifications (2) (8 ) (7 ) Currency impact 61 (1 ) Other comprehensive earnings/(losses) 79 10 Balance at end of period (1,665 ) (1,850 ) Derivative Cash Flow Hedges: Balance at beginning of period $ (212 ) $ (167 ) Net derivative gains/(losses) (37 ) (77 ) Tax (expense)/benefit on net derivative gain/(loss) 14 8 Losses/(gains) reclassified into net earnings: Interest rate contracts (3) 105 — Tax expense/(benefit) on reclassifications (2) (24 ) — Currency impact 2 — Other comprehensive earnings/(losses) 60 (69 ) Balance at end of period (152 ) (236 ) Accumulated other comprehensive income attributable to Mondelēz International: Balance at beginning of period $ (10,258 ) $ (10,630 ) Total other comprehensive earnings/(losses) (1,372 ) 131 Less: other comprehensive (earnings)/loss attributable to noncontrolling interests 5 1 Other comprehensive earnings/(losses) attributable to Mondelēz International (1,367 ) 132 Balance at end of period $ (11,625 ) $ (10,498 ) (1) These reclassified losses are included in 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.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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 2020 2019 (in millions, except per share data) Net earnings $ 760 $ 920 Noncontrolling interest earnings (7 ) (6 ) Net earnings attributable to Mondelēz International $ 753 $ 914 Weighted-average shares for basic EPS 1,434 1,449 Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares 11 12 Weighted-average shares for diluted EPS 1,445 1,461 Basic earnings per share attributable to Mondelēz International $ 0.53 $ 0.63 Diluted earnings per share attributable to Mondelēz International $ 0.52 $ 0.63

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Net Revenues and Earnings	Our segment net revenues and earnings were: For the Three Months Ended 2020 2019 (in millions) Net revenues: Latin America $ 726 $ 800 AMEA 1,502 1,541 Europe 2,584 2,551 North America 1,895 1,646 Net revenues $ 6,707 $ 6,538 Operating income: Latin America $ 78 $ 98 AMEA 234 256 Europe 472 500 North America 381 319 Unrealized (losses)/gains on hedging activities (mark-to-market impacts) (185 ) 16 General corporate expenses (76 ) (109 ) Amortization of intangibles (43 ) (44 ) Acquisition-related costs (5 ) — Operating income 856 1,036 Benefit plan non-service income 33 17 Interest and other expense, net (190 ) (80 ) Earnings before income taxes $ 699 $ 973
Schedule of Net Revenues by Product Category	Net revenues by product category were: For the Three Months Ended March 31, 2020 Latin America AMEA Europe North America Total (in millions) Biscuits $ 174 $ 508 $ 746 $ 1,598 $ 3,026 Chocolate 194 543 1,363 56 2,156 Gum & Candy 182 185 173 241 781 Beverages 102 171 25 — 298 Cheese & Grocery 74 95 277 — 446 Total net revenues $ 726 $ 1,502 $ 2,584 $ 1,895 $ 6,707 For the Three Months Ended March 31, 2019 Latin America AMEA Europe North America Total (in millions) Biscuits $ 170 $ 461 $ 734 $ 1,372 $ 2,737 Chocolate 230 557 1,360 59 2,206 Gum & Candy 200 225 173 215 813 Beverages 123 172 26 — 321 Cheese & Grocery 77 126 258 — 461 Total net revenues $ 800 $ 1,541 $ 2,551 $ 1,646 $ 6,538

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)country	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Summary of Significant Accounting Policies [Line Items]
Net revenues	$ 6,707	$ 6,538
Number of countries in which products are sold (more than) | country	150
Number of countries in which entity operates (more than) | country	80
Restricted cash	$ 27		$ 37
Cash, cash equivalents and restricted cash	1,952	1,542	1,328	$ 1,100
Outstanding principal amount of receivables sold under factoring arrangement	840		$ 760
Operating lease right-of-use assets obtained in exchange for lease obligations	89	26
Finance lease right-of-use assets in exchange for lease obligations	25	7
Argentina
Summary of Significant Accounting Policies [Line Items]
Net monetary assets	9
Net revenues	$ 98
Percentage of consolidated net revenues	1.50%
Argentina | Selling, general and administrative expenses
Summary of Significant Accounting Policies [Line Items]
Remeasurement loss due to inflationary accounting	$ 2	$ 2
U.K. | Geographic Concentration Risk | Net Revenues
Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	9.40%

Basis of Presentation - Changes

Basis of Presentation - Changes in Allowances for Credit Losses (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Allowance for Trade Receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1, 2020	$ (35)
Current period provision for expected credit losses	(5)
Currency	1
Balance at March 31, 2020	(39)
Allowance for Other Current Receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1, 2020	(44)
Current period provision for expected credit losses	1
Currency	3
Balance at March 31, 2020	(40)
Allowance for Long-Term Receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1, 2020	(14)
Current period provision for expected credit losses	(2)
Currency	3
Balance at March 31, 2020	$ (13)

Acquisitions and Divestitures (

Acquisitions and Divestitures (Details) - USD ($) $ in Millions	Apr. 01, 2020	Jul. 16, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Acquisition-related costs			$ 5	$ 0
Goodwill			20,216		$ 20,848
North America
Business Acquisition [Line Items]
Goodwill			9,301		9,356
AMEA
Business Acquisition [Line Items]
Goodwill			2,981		3,151
AMEA | Cheese Business | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Acquisition [Line Items]
Proceeds from divestiture of businesses					161
Current assets divested					19
Non-current assets divested					96
Pre-tax gain on divestiture					$ 44
Decline in quarter-over-quarter net revenues due to business divestiture			33
Perfect Snacks | North America
Business Acquisition [Line Items]
Payment to acquire business, net of cash received		$ 284
Definite-lived intangibles assets acquired			31
Indefinite-lived intangibles assets acquired			107
Goodwill			150
Property, plant, and equipment acquired			1
Inventory acquired			12
Accounts receivable acquired			8
Current liabilities assumed			13
Deferred tax liabilities assumed			3
Other liabilities assumed			9
Incremental revenues from acquisition			32
Give & Go
Business Acquisition [Line Items]
Acquisition-related costs			$ 5
Subsequent Event | Give & Go
Business Acquisition [Line Items]
Payment to acquire business, net of cash received	$ 1,200

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 702	$ 707
Finished product	1,848	1,953
Inventories, gross	2,550	2,660
Inventory reserves	(109)	(114)
Inventories, net	$ 2,441	$ 2,546

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,585	$ 15,537
Accumulated depreciation	(6,531)	(6,804)
Property, plant and equipment, net	8,054	8,733
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	402	422
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,961	3,140
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,669	11,295
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 553	$ 680

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Capital expenditures	$ 214	$ 265
Accrued capital expenditures unpaid	259	218
Payments for capital expenditures accrued in the prior year	$ 334	$ 331

Property, Plant and Equipment_3

Property, Plant and Equipment - Asset Impairment and Exit Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	$ 0	$ 5
Simplify to Grow Program
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	1	5
Simplify to Grow Program | Latin America
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	0	0
Simplify to Grow Program | AMEA
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	(1)	1
Simplify to Grow Program | Europe
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	1	1
Simplify to Grow Program | North America
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Non-cash property, plant and equipment write-downs	$ 1	$ 3

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill by Segment (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Goodwill	$ 20,216	$ 20,848
Latin America
Segment Reporting Information [Line Items]
Goodwill	662	818
AMEA
Segment Reporting Information [Line Items]
Goodwill	2,981	3,151
Europe
Segment Reporting Information [Line Items]
Goodwill	7,272	7,523
North America
Segment Reporting Information [Line Items]
Goodwill	$ 9,301	$ 9,356

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Non-amortizable intangible assets	$ 16,674	$ 17,296
Amortizable intangible assets	2,267	2,374
Total intangible assets, gross	18,941	19,670
Accumulated amortization	(1,670)	(1,713)
Intangible assets, net	$ 17,271	$ 17,957

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)brand	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)brand
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for intangible assets	$ 43	$ 44
Estimated amortization expense of intangibles in 2020	170
Estimated amortization expense of intangibles in 2021	90
Estimated amortization expense of intangibles in 2022	80
Estimated amortization expense of intangibles in 2023	80
Estimated amortization expense of intangibles in 2024	$ 80
Brands
Goodwill and Intangible Assets Disclosure [Line Items]
Impairment of intangible assets			$ 57
Number of impaired brands | brand	9		9
Number of brands with fair value in excess of book value, 10% or less | brand	14
Book value of brands with fair value in excess of book value, 10% or less	$ 616
Brands | Europe | Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Impairment of intangible assets			$ 39
Brands | AMEA | Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Impairment of intangible assets			15
Brands | Latin America | Gum, Chocolate, Biscuits and Candy
Goodwill and Intangible Assets Disclosure [Line Items]
Impairment of intangible assets			$ 3

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Goodwill and Intangible Assets (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill
Balance at January 1, 2020	$ 20,848
Currency	(632)
Balance at March 31, 2020	20,216
Intangible Assets, at cost
Balance at January 1, 2020	19,670
Currency	(729)
Balance at March 31, 2020	$ 18,941

Equity Method Investments (Deta

Equity Method Investments (Details) shares in Millions, $ in Millions	Mar. 04, 2020USD ($)shares	Mar. 31, 2020USD ($)director	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)	Jul. 09, 2018
Schedule of Equity Method Investments [Line Items]
Equity method investments		$ 6,887			$ 7,212
Equity method investment net earnings		138	$ 113
Cash dividends received from equity method investments		165	160
Pre-tax gain (loss) on equity method investment transaction		$ 71	$ 23
JDE
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		26.40%
KDP
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	13.10%	13.10%	13.60%	13.80%
Number of director positions | director		2
Pre-tax gain on sale of equity method investment		$ 71	$ 23
After-tax gain on sale of equity method investment		54	$ 18
Number of shares of equity method investment sold (in shares) | shares	6.8
Decrease in equity method investment ownership percentage	0.50%
Amount of equity method investment sold	$ 185
Fair value of ownership of equity method investment		$ 4,500
Dong Suh Foods Corporation
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		50.00%
Dong Suh Oil & Fats Co. Ltd.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		49.00%
Keurig | Keurig with Dr Pepper Snapple Group, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage						24.20%
Pre-tax gain (loss) on equity method investment transaction				$ 778
After-tax gain on equity method investment transaction				$ 586

Restructuring Program - Additio

Restructuring Program - Additional Information (Details) - USD ($) $ in Millions	Sep. 06, 2018	Aug. 31, 2016	May 06, 2014	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020		Dec. 31, 2019
2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost		$ 5,700	$ 3,500
Reallocation of previously approved capital expenditures to be spent on restructuring program cash costs		600
2014-2018 Restructuring Program | Maximum
Restructuring Cost and Reserve [Line Items]
Approved capital expenditures		1,600	$ 2,200
2014-2018 Restructuring Program | Restructuring Program Charges
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
Simplify to Grow Program
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	$ 7,700
Restructuring and implementation charges				$ 58	$ 70	$ 4,398	[1]
Restructuring charges				15	20	2,741	[1]
Cash spent in restructuring				37
Non-cash asset write-downs				3	29
Restructuring reserve				265		265		$ 301
Implementation costs				43	50	1,657	[1]
Simplify to Grow Program | Maximum
Restructuring Cost and Reserve [Line Items]
Approved capital expenditures	2,300
Increase in approved restructuring program costs	1,300
Increase in approved capital expenditures	700
Simplify to Grow Program | Other current liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve				243		243
Simplify to Grow Program | Other liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve				22		22
Simplify to Grow Program | Restructuring Program Charges
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	5,400
Simplify to Grow Program | Cash Costs
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	4,100
Simplify to Grow Program | Non-cash Costs
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	$ 1,300
Simplify to Grow Program | Severance and Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges				14
Cash spent in restructuring				37	$ 53
Non-cash asset write-downs				2
Restructuring reserve				$ 265		$ 265		$ 301
[1]	Includes all charges recorded since program inception on May 6, 2014 through March 31, 2020 .

Restructuring Program - Restruc

Restructuring Program - Restructuring Liability Activity (Details) - Simplify to Grow Program - USD ($) $ in Millions	3 Months Ended		71 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020
Restructuring Reserve [Roll Forward]
Liability balance, January 1, 2020	$ 301
Charges	15	$ 20	$ 2,741	[1]
Cash spent	(37)
Non-cash settlements/adjustments	(3)	(29)
Currency	(11)
Liability balance, March 31, 2020	265		265
Severance and related costs
Restructuring Reserve [Roll Forward]
Liability balance, January 1, 2020	301
Charges	14
Cash spent	(37)	$ (53)
Non-cash settlements/adjustments	(2)
Currency	(11)
Liability balance, March 31, 2020	265		265
Asset Write-downs
Restructuring Reserve [Roll Forward]
Liability balance, January 1, 2020	0
Charges	1
Cash spent	0
Non-cash settlements/adjustments	(1)
Currency	0
Liability balance, March 31, 2020	$ 0		$ 0
[1]	Includes all charges recorded since program inception on May 6, 2014 through March 31, 2020 .

Restructuring Program - Restr_2

Restructuring Program - Restructuring and Implementation Costs by Segments (Details) - Simplify to Grow Program - USD ($) $ in Millions		3 Months Ended		71 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	[1]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		$ 15	$ 20	$ 2,741
Implementation Costs		43	50	1,657
Total		58	70	4,398
Operating Segments | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		4	0	521
Implementation Costs		7	15	276
Total		11	15	797
Operating Segments | AMEA
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		(1)	6	534
Implementation Costs		3	7	209
Total		2	13	743
Operating Segments | Europe
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		3	0	1,079
Implementation Costs		14	11	462
Total		17	11	1,541
Operating Segments | North America
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	[2]	2	6	471
Implementation Costs	[2]	10	4	394
Total	[2]	12	10	865
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	[3]	7	8	136
Implementation Costs	[3]	9	13	316
Total	[3]	$ 16	$ 21	$ 452
[1]	Includes all charges recorded since program inception on May 6, 2014 through March 31, 2020 .
[2]	During 2019 , 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]	The Corporate column includes minor adjustments for pension settlement losses and rounding.

Debt and Borrowing Arrangemen_3

Debt and Borrowing Arrangements - Short-Term Borrowings and Related Weighted-Average Interest Rates (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Amount Outstanding	$ 4,764	$ 2,638
Commercial paper
Short-term Debt [Line Items]
Amount Outstanding	$ 3,695	$ 2,581
Weighted-Average Rate	2.00%	2.00%
Credit facility borrowings
Short-term Debt [Line Items]
Amount Outstanding	$ 1,000	$ 0
Weighted-Average Rate	1.70%	0.00%
Bank loans
Short-term Debt [Line Items]
Amount Outstanding	$ 69	$ 57
Weighted-Average Rate	5.20%	5.20%

Debt and Borrowing Arrangemen_4

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

Apr. 13, 2020USD ($)

Apr. 01, 2020USD ($)

Mar. 30, 2020USD ($)

Mar. 30, 2020CHF (SFr)

Mar. 24, 2020USD ($)

Mar. 12, 2020USD ($)

Mar. 06, 2020USD ($)

Feb. 26, 2020USD ($)

Feb. 10, 2020USD ($)

Apr. 28, 2020USD ($)

Mar. 31, 2020USD ($)

Mar. 31, 2019USD ($)

Dec. 31, 2019USD ($)

Feb. 27, 2019USD ($)

Debt Instrument [Line Items]

Short-term borrowings

$ 4,764,000,000

$ 2,638,000,000

Proceeds from issuance of debt

0

$ 597,000,000

Long-term debt matured

670,000,000

403,000,000

Fair value of debt

20,410,000,000

19,388,000,000

Carrying value of debt

19,790,000,000

18,426,000,000

Line of Credit | Credit facility borrowings | Multi-year Senior Unsecured Revolving Credit Facility Expiring February 27, 2024

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 4,500,000,000

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

37,300,000,000

$ 24,600,000,000

Borrowings under multi-year credit facility

0

Notes Payable | 0.05% Swiss Franc Notes

Debt Instrument [Line Items]

Debt interest rate

0.05%

0.05%

Long-term debt matured

$ 235,000,000

SFr 225

Notes Payable | 5.375% U.S. Dollar Notes

Debt Instrument [Line Items]

Debt interest rate

5.375%

Long-term debt matured

$ 427,000,000

Commercial paper

Debt Instrument [Line Items]

Short-term borrowings

3,695,000,000

2,581,000,000

Line of Credit

Debt Instrument [Line Items]

Short-term borrowings

69,000,000

57,000,000

Line of Credit | Credit facility borrowings | 364-day Senior Unsecured Credit Facility Expiring March 23, 2021

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 1,750,000,000

Credit facility expiration period

364 days

Borrowings under revolving credit agreement

0

Line of Credit | Credit facility borrowings | 364-day Senior Unsecured Credit Facility Expiring March 5, 2021

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 2,500,000,000

Credit facility repayment requirements (up to)

$ 2,500,000,000

Credit facility expiration period

364 days

Amounts drawn on revolving credit agreement

$ 1,000,000,000

Line of Credit | Credit facility borrowings | 364-day Senior Unsecured Credit Facility Expiring February 24, 2021

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 1,500,000,000

Credit facility expiration period

364 days

Borrowings under revolving credit agreement

$ 0

Minimum | Commercial paper

Debt Instrument [Line Items]

Commercial paper, maturity period

1 day

Maximum | Commercial paper

Debt Instrument [Line Items]

Commercial paper, maturity period

80 days

Net investment hedge derivative contracts | Net investment hedge debt

Debt Instrument [Line Items]

Net investment hedge derivative contracts excluded from hedge effectiveness

$ 33,000,000

$ 33,000,000

Subsequent Event | Notes Payable

Debt Instrument [Line Items]

Debt issued

$ 1,000,000,000

Proceeds from issuance of debt

991,300,000

Debt discounts and deferred costs

8,700,000

Subsequent Event | Notes Payable | 2.125% U.S. Dollar-denominated Fixed-rate Notes due April 13, 2023

Debt Instrument [Line Items]

Debt issued

$ 500,000,000

Debt interest rate

2.125%

Subsequent Event | Notes Payable | 2.750% U.S. Dollar-denominated Fixed-rate Notes due April 13, 2030

Debt Instrument [Line Items]

Debt issued

$ 500,000,000

Debt interest rate

2.75%

Subsequent Event | Line of Credit | Credit facility borrowings | 364-day Senior Unsecured Credit Facility Expiring March 23, 2021

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 1,950,000,000

Credit facility repayment requirements (up to)

$ 1,950,000,000

Subsequent Event | Line of Credit | Credit facility borrowings | 364-day Senior Unsecured Credit Facility Expiring March 5, 2021

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 1,500,000,000

Amounts drawn on revolving credit agreement

1,250,000,000

Repayments of credit facility

1,250,000,000

Remaining draw capacity of credit facility

$ 500,000,000

International Subsidiaries

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 1,400,000,000

$ 1,700,000,000

Debt and Borrowing Arrangemen_5

Debt and Borrowing Arrangements - Interest and Other Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Debt Disclosure [Abstract]
Interest expense, debt	$ 110	$ 123
Loss related to interest rate swaps	103	0
Other (income)/expense, net	(23)	(43)
Interest and other expense, net	$ 190	$ 80

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Asset Derivatives		$ 1,052	$ 599
Liability Derivatives		491	425
Derivatives designated as accounting hedges
Derivatives, Fair Value [Line Items]
Asset Derivatives		714	331
Liability Derivatives		13	255
Derivatives designated as accounting hedges | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives		73	19
Liability Derivatives		13	190
Derivatives designated as accounting hedges | Net investment hedge derivative contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	[1]	641	312
Liability Derivatives	[1]	0	65
Derivatives not designated as accounting hedges
Derivatives, Fair Value [Line Items]
Asset Derivatives		338	268
Liability Derivatives		478	170
Derivatives not designated as accounting hedges | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives		158	67
Liability Derivatives		136	50
Derivatives not designated as accounting hedges | Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives		180	201
Liability Derivatives		$ 342	$ 120
[1]	Net investment hedge derivative contracts consist of cross-currency interest rate swaps and forward contracts. We also designate some of our non-U.S. dollar denominated debt to hedge a portion of our net investments in our non-U.S. operations. This debt is not reflected in the table above, but is included in long-term debt discussed in Note 8, Debt and Borrowing Arrangements . Both net investment hedge derivative contracts and non-U.S. dollar denominated debt acting as net investment hedges are also disclosed in the Derivative Volume table and the Hedges of Net Investments in International Operations section appearing later in this footnote.

Financial Instruments - Derivat

Financial Instruments - Derivative Instruments Fair Value and Measurement Inputs (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Total derivatives	$ 561	$ 174
Currency exchange contracts
Derivative [Line Items]
Total derivatives	22	17
Commodity contracts
Derivative [Line Items]
Total derivatives	(162)	81
Interest rate contracts
Derivative [Line Items]
Total derivatives	60	(171)
Net investment hedge contracts
Derivative [Line Items]
Total derivatives	641	247
Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivative [Line Items]
Total derivatives	(29)	27
Quoted Prices in Active Markets for Identical Assets (Level 1) | Currency exchange contracts
Derivative [Line Items]
Total derivatives	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commodity contracts
Derivative [Line Items]
Total derivatives	(29)	27
Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate contracts
Derivative [Line Items]
Total derivatives	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Net investment hedge contracts
Derivative [Line Items]
Total derivatives	0	0
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Total derivatives	590	147
Significant Other Observable Inputs (Level 2) | Currency exchange contracts
Derivative [Line Items]
Total derivatives	22	17
Significant Other Observable Inputs (Level 2) | Commodity contracts
Derivative [Line Items]
Total derivatives	(133)	54
Significant Other Observable Inputs (Level 2) | Interest rate contracts
Derivative [Line Items]
Total derivatives	60	(171)
Significant Other Observable Inputs (Level 2) | Net investment hedge contracts
Derivative [Line Items]
Total derivatives	641	247
Significant Unobservable Inputs (Level 3)
Derivative [Line Items]
Total derivatives	0	0
Significant Unobservable Inputs (Level 3) | Currency exchange contracts
Derivative [Line Items]
Total derivatives	0	0
Significant Unobservable Inputs (Level 3) | Commodity contracts
Derivative [Line Items]
Total derivatives	0	0
Significant Unobservable Inputs (Level 3) | Interest rate contracts
Derivative [Line Items]
Total derivatives	0	0
Significant Unobservable Inputs (Level 3) | Net investment hedge contracts
Derivative [Line Items]
Total derivatives	$ 0	$ 0

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
After-tax loss on interest rate swaps included in interest and other expense, net	$ 79
Pre-tax loss on interest rate swaps included in interest and other expense, net	103	$ 0
Net loss on equity method investment transactions	(71)	$ (23)
Net investment hedge contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	6,652		$ 6,864
Net investment hedge contracts | Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	6,700
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, aggregate notional value	4,250		$ 5,250
Interest rate contracts | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized losses to earnings, within next 12 months or less	$ 19
Hedged forecasted transaction period	4 years 6 months

Financial Instruments - Notiona

Financial Instruments - Notional Values of Hedging Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Net investment hedge debt | Euro notes
Derivative [Line Items]
Notional Amount	$ 3,381	$ 3,436
Net investment hedge debt | British pound sterling notes
Derivative [Line Items]
Notional Amount	327	349
Net investment hedge debt | Swiss franc notes
Derivative [Line Items]
Notional Amount	1,223	1,448
Net investment hedge debt | Canadian dollar notes
Derivative [Line Items]
Notional Amount	427	462
Currency exchange contracts | Intercompany loans and forecasted interest payments
Derivative [Line Items]
Notional Amount	2,544	2,474
Currency exchange contracts | Forecasted transactions
Derivative [Line Items]
Notional Amount	3,869	3,993
Commodity contracts
Derivative [Line Items]
Notional Amount	7,571	7,238
Interest rate contracts
Derivative [Line Items]
Notional Amount	4,250	5,250
Net investment hedge contracts
Derivative [Line Items]
Notional Amount	6,652	$ 6,864
Net investment hedge contracts | Net investment hedge debt
Derivative [Line Items]
Notional Amount	$ 6,700

Financial Instruments - Cash Fl

Financial Instruments - Cash Flow Hedges Effect on Accumulated Other Comprehensive Earnings/(Losses), Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Balance at beginning of period	$ 27,351	$ 25,713
Transfer of realized losses/(gains) in fair value to earnings	104	29
Balance at end of period	25,752	25,909
Cash flow hedges
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Transfer of realized losses/(gains) in fair value to earnings	81	0
Unrealized (loss)/gain in fair value	(21)	(69)
Derivative Cash Flow Hedges
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Balance at beginning of period	(212)	(167)
Balance at end of period	$ (152)	$ (236)

Financial Instruments - Cash _2

Financial Instruments - Cash Flow Hedges After-tax Gains/(Losses) (Details) - Cash flow hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) recognized in other comprehensive earnings/(losses)	$ (21)	$ (69)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) reclassified from accumulated other comprehensive income into earnings/(losses)	(81)	0
After-tax gains/(losses) recognized in other comprehensive earnings/(losses)	$ (21)	$ (69)

Financial Instruments - Net Inv

Financial Instruments - Net Investment Hedge Derivative Contracts (Details) - Net investment hedges - Net investment hedge derivative contracts - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gain/(loss) on NIH contracts	[1]	$ 332	$ 14
Amounts excluded from the assessment of hedge effectiveness	[2]	$ 33	$ 33
[1]	Amounts recorded for unsettled and settled NIH derivative contracts are recorded in the cumulative translation adjustment within other comprehensive earnings. The cash flows from the settled contracts are reported within other investing activities in the condensed consolidated statement of cash flows.
[2]	We elected to record changes in the fair value of amounts excluded from the assessment of effectiveness in net earnings within interest and other expense, net.

Financial Instruments - Non-U.S

Financial Instruments - Non-U.S. Dollar Debt Designated as Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Euro notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ 42	$ 58
British pound sterling notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	17	(6)
Swiss franc notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	(6)	13
Canadian dollar notes
Derivative Instruments, Gain (Loss) [Line Items]
After-tax gains/(losses) related to hedges of net investments in international operations	$ 27	$ (7)

Financial Instruments - Economi

Financial Instruments - Economic Hedges (Details) - Derivatives Not Designated as Hedging Instruments - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	$ (244)	$ 80
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	(73)	61
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	1	0
Currency exchange contracts | Forecasted transactions | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	26	5
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)	0
Commodity contracts | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives instruments, pre-tax gains/(losses) recognized in earnings	$ (197)	$ 14

Benefit Plans - Pension Costs (

Benefit Plans - Pension Costs (Details) - Pension Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 9
Interest cost	13	16
Expected return on plan assets	(19)	(22)
Net loss from experience differences	4	5
Prior service cost/(credit)	0	0
Settlement losses and other expenses	4	4
Net periodic benefit costs	3	12
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	30	31
Interest cost	37	51
Expected return on plan assets	(99)	(103)
Net loss from experience differences	29	38
Prior service cost/(credit)	(2)	(2)
Settlement losses and other expenses	2	0
Net periodic benefit costs	$ (3)	$ 15

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Details) - USD ($) $ in Millions	Jul. 11, 2019	Mar. 31, 2020
U.S. Plans | Multiemployer Plans, Pension | Fund | BCTGM | North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, withdrawal liability	$ 526	$ 387
Multiemployer plan, withdrawal obligation term	20 years
Pension Plans | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution		10
Estimated future employer contributions		6
Pension Plans | Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution		62
Estimated future employer contributions		128
Pension Plans | United Kingdom and Ireland
Defined Benefit Plan Disclosure [Line Items]
Employer contribution		28
Other current liabilities | U.S. Plans | Multiemployer Plans, Pension | Fund | BCTGM | North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, withdrawal liability		14
Long-term other liabilities | U.S. Plans | Multiemployer Plans, Pension | Fund | BCTGM | North America
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, withdrawal liability		$ 373

Benefit Plans - Postretirement

Benefit Plans - Postretirement Benefit Plans (Details) - Postretirement Benefit Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 1
Interest cost	3	4
Net loss from experience differences	3	2
Prior service credit	(8)	(10)
Net periodic benefit costs	$ (1)	$ (3)

Benefit Plans - Postemployment

Benefit Plans - Postemployment Benefit Costs (Details) - Postemployment Benefit Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 1
Interest cost	1	1
Amortization of net gains	(1)	(1)
Net periodic benefit costs	$ 1	$ 1

Stock Plans - Stock Option Acti

Stock Plans - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
Shares Subject to Option
Balance at January 1, 2020 (in shares)		33,855,948
Options granted (in shares)		2,314,790
Options exercised (in shares)	[1]	(4,210,414)
Options canceled (in shares)		(262,968)
Balance at March 31, 2020 (in shares)		31,697,356	33,855,948
Weighted- Average Exercise or Grant Price Per Share
Balance at January 1, 2020 (in dollars per share)		$ 36.19
Options granted (in dollars per share)		58.97
Options exercised (in dollars per share)	[1]	28.62
Options canceled (in dollars per share)		41.20
Balance at March 31, 2020 (in dollars per share)		$ 38.31	$ 36.19
Average Remaining Contractual Term
Average remaining contractual term		6 years	5 years
Aggregate Intrinsic Value
Aggregate intrinsic value		$ 378	$ 640
Aggregate intrinsic value options exercised	[1]	120
Cash received from options exercised		119
Actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises		$ 17
Annual grant to eligible employees
Shares Subject to Option
Options granted (in shares)		2,280,440
Weighted- Average Exercise or Grant Price Per Share
Options granted (in dollars per share)		$ 59.04
Additional options issued
Shares Subject to Option
Options granted (in shares)		34,350
Weighted- Average Exercise or Grant Price Per Share
Options granted (in dollars per share)		$ 54.59
[1]	Cash received from options exercised was $119 million in the three months ended March 31, 2020 . The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $17 million in the three months ended March 31, 2020 .

Stock Plans - Performance Share

Stock Plans - Performance Share Units and Other Stock-Based Awards Activity (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Number of Shares
Balance at January 1, 2020 (in shares) | shares	5,661,945
Shares granted (in shares) | shares	1,597,480
Vested (in shares) | shares	(1,585,787)	[1]
Forfeited (in shares) | shares	(287,626)
Balance at March 31, 2020 (in shares) | shares	5,386,012
Weighted-average grant date fair value per share
Balance at January 1, 2020 (in dollars per share) | $ / shares	$ 46.90	[2]
Shares granted (in dollars per share) | $ / shares	62.77	[2]
Vested (in dollars per share) | $ / shares	43.10	[1],[2]
Forfeited (in dollars per share) | $ / shares	44.78	[2]
Balance at March 31, 2020 (in dollars per share) | $ / shares	$ 52.84	[2]
Weighted-Average Aggregate Fair Value
Weighted average grant date fair value of shares granted | $	$ 100	[2]
Weighted average grant date fair value of shares vested | $	68	[1],[2]
Maximum
Weighted-Average Aggregate Fair Value
Actual tax benefit/(expense) realized for the tax deductions from the shares vested | $	$ 3
Annual grant to eligible employees
Grant Date
Grant Date	Feb. 20, 2020
Performance share units
Number of Shares
Shares granted (in shares) | shares	825,230
Weighted-average grant date fair value per share
Shares granted (in dollars per share) | $ / shares	$ 65.83	[2]
Deferred stock units
Number of Shares
Shares granted (in shares) | shares	545,550
Weighted-average grant date fair value per share
Shares granted (in dollars per share) | $ / shares	$ 59.04	[2]
Additional shares granted
Number of Shares
Shares granted (in shares) | shares	226,700	[3]
Weighted-average grant date fair value per share
Shares granted (in dollars per share) | $ / shares	$ 57.53	[2],[3]
[1]	The actual tax benefit/(expense) realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled less than $3 million in the three months ended March 31, 2020 .
[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	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Common shares repurchased		$ 701,000,000	$ 665,000,000
Repurchase of common stock		720,000,000	$ 646,000,000
Common Stock | Prior to January 1, 2020
Class of Stock [Line Items]
Stock repurchase value					$ 13,700,000,000
Common shares repurchased				$ 16,500,000,000
Common Stock | Share Repurchase Program Amended January 31, 2018
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 shares repurchased		$ 700,000,000
Number of shares repurchased (in shares)		12.9
Average cost of shares repurchased (in dollars per share)		$ 54.25
Remaining share repurchase capacity		$ 2,500,000,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - U.S. Commodity Futures Trading Commission (CFTC)	3 Months Ended
	Mar. 31, 2020USD ($)
Loss Contingencies [Line Items]
Loss contingency, filing date	Apr. 1, 2015
Loss contingency, damages sought	$ 1,000,000
Each Additional Violation of the Commodity Exchange Act
Loss Contingencies [Line Items]
Loss contingency, damages sought	$ 140,000

Reclassifications from Accumu_3

Reclassifications from Accumulated Other Comprehensive Income - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Equity [Abstract]
Transfer of realized losses/(gains) in fair value to earnings	$ 104	$ 29

Reclassifications from Accumu_4

Reclassifications from Accumulated Other Comprehensive Income - Changes in the Accumulated Balance of Components of Other Comprehensive Earnings/(Losses) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period		$ 27,351	$ 25,713
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests		5	1
Total other comprehensive earnings/(losses)		(1,372)	131
Other comprehensive earnings/(losses)		(1,367)	132
Balance at end of period		25,752	25,909
Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period		(8,302)	(8,603)
Tax (expense)/benefit on gains/(losses)		(1,421)	168
Tax (expense)/benefit		(90)	22
Less: other comprehensive (earnings)/loss attributable to noncontrolling interests		5	1
Total other comprehensive earnings/(losses)		(1,511)	190
Balance at end of period		(9,808)	(8,412)
Pension and Other Benefits Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period		(1,744)	(1,860)
Tax (expense)/benefit on gains/(losses)		0	6
Net gains/(losses) arising during period		(5)	(24)
Tax expense/(benefit) on reclassifications	[1]	(8)	(7)
Currency impact	[1]	61	(1)
Total other comprehensive earnings/(losses)		79	10
Balance at end of period		(1,665)	(1,850)
Amortization of experience losses and prior service costs
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Losses/(gains) reclassified into net earnings	[2]	25	32
Settlement losses and other expenses
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Losses/(gains) reclassified into net earnings	[2]	6	4
Derivative Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period		(212)	(167)
Tax (expense)/benefit on gains/(losses)		14	8
Losses/(gains) reclassified into net earnings	[3]	105	0
Net gains/(losses) arising during period		(37)	(77)
Tax expense/(benefit) on reclassifications	[1]	(24)	0
Currency impact		2	0
Total other comprehensive earnings/(losses)		60	(69)
Balance at end of period		(152)	(236)
Accumulated other comprehensive income attributable to Mondelēz International
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period		(10,258)	(10,630)
Total other comprehensive earnings/(losses)		(1,367)	132
Balance at end of period		$ (11,625)	$ (10,498)
[1]	Taxes reclassified to earnings are recorded within the provision for income taxes
[2]	These reclassified losses are included in net periodic benefit costs disclosed in Note 10, Benefit Plans .
[3]	These reclassified gains or losses are recorded within interest and other expense, net.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Estimated annual effective tax rate	25.20%	25.90%
Effective tax rate	21.20%	19.40%
Net discrete tax benefit	$ 28	$ 63
Net benefit from the release of uncertain tax positions due to the expirations of statutes of limitations and audit settlements	$ 22	$ 60

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net earnings	$ 760	$ 920
Noncontrolling interest earnings	(7)	(6)
Net earnings attributable to Mondelēz International	$ 753	$ 914
Weighted-average shares for basic EPS (in shares)	1,434	1,449
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares (in shares)	11	12
Weighted-average shares for diluted EPS (in shares)	1,445	1,461
Basic earnings per share attributable to Mondelēz International (in dollars per share)	$ 0.53	$ 0.63
Diluted earnings per share attributable to Mondelēz International (in dollars per share)	$ 0.52	$ 0.63

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock Options and Performance Share Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Mondelēz International stock options excluded from the calculation of diluted EPS (in shares)	4	6.2

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020segment
Segment Reporting [Abstract]
Number of operating segments	4

Segment Reporting - Net Revenue

Segment Reporting - Net Revenues and Earnings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net revenues	$ 6,707	$ 6,538
Operating income	856	1,036
Unrealized (losses)/gains on hedging activities (mark-to-market impacts)	(185)	16
General corporate expenses	(76)	(109)
Amortization of intangibles	(43)	(44)
Acquisition-related costs	(5)	0
Benefit plan non-service income	33	17
Interest and other expense, net	(190)	(80)
Earnings before income taxes	699	973
Latin America
Segment Reporting Information [Line Items]
Net revenues	726	800
Operating income	78	98
AMEA
Segment Reporting Information [Line Items]
Net revenues	1,502	1,541
Operating income	234	256
Europe
Segment Reporting Information [Line Items]
Net revenues	2,584	2,551
Operating income	472	500
North America
Segment Reporting Information [Line Items]
Net revenues	1,895	1,646
Operating income	$ 381	$ 319

Segment Reporting - Net Reven_2

Segment Reporting - Net Revenues by Product Category (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net revenues	$ 6,707	$ 6,538
Biscuits
Segment Reporting Information [Line Items]
Net revenues	3,026	2,737
Chocolate
Segment Reporting Information [Line Items]
Net revenues	2,156	2,206
Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	781	813
Beverages
Segment Reporting Information [Line Items]
Net revenues	298	321
Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	446	461
Latin America
Segment Reporting Information [Line Items]
Net revenues	726	800
Latin America | Biscuits
Segment Reporting Information [Line Items]
Net revenues	174	170
Latin America | Chocolate
Segment Reporting Information [Line Items]
Net revenues	194	230
Latin America | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	182	200
Latin America | Beverages
Segment Reporting Information [Line Items]
Net revenues	102	123
Latin America | Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	74	77
AMEA
Segment Reporting Information [Line Items]
Net revenues	1,502	1,541
AMEA | Biscuits
Segment Reporting Information [Line Items]
Net revenues	508	461
AMEA | Chocolate
Segment Reporting Information [Line Items]
Net revenues	543	557
AMEA | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	185	225
AMEA | Beverages
Segment Reporting Information [Line Items]
Net revenues	171	172
AMEA | Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	95	126
Europe
Segment Reporting Information [Line Items]
Net revenues	2,584	2,551
Europe | Biscuits
Segment Reporting Information [Line Items]
Net revenues	746	734
Europe | Chocolate
Segment Reporting Information [Line Items]
Net revenues	1,363	1,360
Europe | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	173	173
Europe | Beverages
Segment Reporting Information [Line Items]
Net revenues	25	26
Europe | Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	277	258
North America
Segment Reporting Information [Line Items]
Net revenues	1,895	1,646
North America | Biscuits
Segment Reporting Information [Line Items]
Net revenues	1,598	1,372
North America | Chocolate
Segment Reporting Information [Line Items]
Net revenues	56	59
North America | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues	241	215
North America | Beverages
Segment Reporting Information [Line Items]
Net revenues	0	0
North America | Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues	$ 0	$ 0