Mondelez International (MDLZ) 10-K 19 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2015	Feb. 12, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	MDLZ
Entity Registrant Name	Mondelez International, Inc.
Entity Central Index Key	1,103,982
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,568,858,264
Entity Public Float			$ 66

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Net revenues		$ 29,636	$ 34,244	[1]	$ 35,299	[1]
Cost of sales		18,124	21,647		22,189
Gross profit		11,512	12,597		13,110
Selling, general and administrative expenses		7,577	8,457		8,679
Asset impairment and exit costs		901	692		273
Gains on coffee business transactions and divestitures		(6,822)			(30)
Loss on deconsolidation of Venezuela		778
Amortization of intangibles		181	206		217
Operating income		8,897	3,242		3,971
Interest and other expense, net		1,013	688		1,579
Earnings from continuing operations before income taxes		7,884	2,554		2,392
Provision for income taxes		593	353		60
Earnings from continuing operations	[2]	7,291	2,201		2,332
Earnings from discontinued operations, net of income taxes					1,603
Net earnings		7,291	2,201		3,935
Noncontrolling interest		24	17		20
Net earnings attributable to Mondelez International		$ 7,267	$ 2,184		$ 3,915
Basic earnings per share attributable to Mondelez International:
Continuing operations		$ 4.49	$ 1.29		$ 1.30
Discontinued operations					0.91
Net earnings attributable to Mondelez International		4.49	1.29		2.21
Diluted earnings per share attributable to Mondelez International:
Continuing operations		4.44	1.28		1.29
Discontinued operations					0.90
Net earnings attributable to Mondelez International		4.44	1.28		2.19
Dividends declared		$ 0.64	$ 0.58		$ 0.54
[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.
[2]	Earnings from continuing operations for the year ended December 31, 2015 includes a pre-tax charge of $778 million related to the deconsolidation of our Venezuelan operations. See Note 1, Summary of Significant Accounting Policies - Currency Translation and Highly Inflationary Accounting: Venezuela, for additional information.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net earnings	$ 7,291	$ 2,201	$ 3,935
Currency translation adjustment:
Translation adjustment	(2,759)	(3,287)	(1,080)
Reclassification to earnings related to Venezuela deconsolidation	99
Tax (expense) / benefit	(184)	(228)	36
Pension and other benefits:
Net actuarial gain / (loss) arising during period	(60)	(1,388)	713
Reclassification of (gains) / losses into net earnings:
Amortization of experience losses and prior service costs	207	132	193
Settlement losses	111	42	4
Venezuela deconsolidation	2
Tax (expense) / benefit	(66)	386	(244)
Derivatives accounted for as hedges:
Net derivative gains / (losses)	(74)	(166)	169
Reclassification of (gains) / losses into net earnings	21	(45)	72
Tax (expense) / benefit	9	92	(86)
Total other comprehensive earnings / (losses)	(2,694)	(4,462)	(223)
Comprehensive earnings / (losses)	4,597	(2,261)	3,712
less: Comprehensive earnings / (losses) attributable to noncontrolling interests	(2)	(16)	20
Comprehensive earnings / (losses) attributable to Mondelez International	$ 4,599	$ (2,245)	$ 3,692

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents		$ 1,870	$ 1,631
Trade receivables (net of allowances of $54 at December 31, 2015 and $66 at December 31, 2014)		2,634	3,802
Other receivables (net of allowances of $109 at December 31, 2015 and $91 at December 31, 2014)		1,212	949
Inventories, net		2,609	3,480
Deferred income taxes			480
Other current assets		633	1,408
Total current assets		8,958	11,750
Property, plant and equipment, net		8,362	9,827
Goodwill		20,664	23,389
Intangible assets, net		18,768	20,335
Prepaid pension assets		69	53
Equity method investments		5,387	662
Other assets		635	755
TOTAL ASSETS	[1]	62,843	66,771
LIABILITIES
Short-term borrowings		236	1,305
Current portion of long-term debt		605	1,530
Accounts payable		4,890	5,299
Accrued marketing		1,634	2,047
Accrued employment costs		844	946
Other current liabilities		2,713	2,880
Total current liabilities		10,922	14,007
Long-term debt		14,557	13,821
Deferred income taxes		4,750	5,512
Accrued pension costs		2,183	2,912
Accrued postretirement health care costs		499	526
Other liabilities		1,832	2,140
TOTAL LIABILITIES		$ 34,743	$ 38,918
Commitments and Contingencies (Note 13)
EQUITY
Common Stock, no par value (5,000,000,000 shares authorized and 1,996,537,778 shares issued at December 31, 2015 and December 31, 2014)		$ 0	$ 0
Additional paid-in capital		31,760	31,651
Retained earnings		20,700	14,529
Accumulated other comprehensive losses		(9,986)	(7,318)
Treasury stock, at cost (416,504,624 shares at December 31, 2015 and 332,896,779 shares at December 31, 2014)		(14,462)	(11,112)
Total Mondelez International Shareholders' Equity		28,012	27,750
Noncontrolling interest		88	103
TOTAL EQUITY		28,100	27,853
TOTAL LIABILITIES AND EQUITY		$ 62,843	$ 66,771
[1]	Beginning in the third quarter of 2015, earnings from equity method investees were reported outside of segment operating income, as discussed above in this Note and Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, and outside of segment assets. We reclassified equity method investments above as of December 31, 2014 and 2013 on a basis consistent with the 2015 presentation.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Trade receivables, allowances	$ 54	$ 66
Other receivables, allowances	$ 109	$ 91
Common Stock, no par value
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common Stock, shares issued	1,996,537,778	1,996,537,778
Treasury stock, shares	416,504,624	332,896,779

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Earnings/(Losses)	Treasury Stock	Noncontrolling Interest
Balances at Dec. 31, 2012	$ 32,416		$ 31,548	$ 10,551	$ (2,666)	$ (7,157)	$ 140
Comprehensive earnings / (losses):
Net earnings	3,935			3,915			20
Other comprehensive losses, net of income taxes	(223)				(223)
Exercise of stock options and issuance of other stock awards	256		10	(97)		343
Common Stock repurchased	(2,900)		(161)			(2,739)
Cash dividends declared ($0.64 per share for 2015, $0.58 per share for 2014,and $0.54 per share for 2013)	(950)			(950)
Dividends paid on noncontrolling interest and other activities	(2)		(1)				(1)
Balances at Dec. 31, 2013	32,532		31,396	13,419	(2,889)	(9,553)	159
Comprehensive earnings / (losses):
Net earnings	2,201			2,184			17
Other comprehensive losses, net of income taxes	(4,462)				(4,429)		(33)
Exercise of stock options and issuance of other stock awards	505		271	(98)		332
Common Stock repurchased	(1,891)					(1,891)
Cash dividends declared ($0.64 per share for 2015, $0.58 per share for 2014,and $0.54 per share for 2013)	(976)			(976)
Dividends paid on noncontrolling interest and other activities	(56)		(16)				(40)
Balances at Dec. 31, 2014	27,853		31,651	14,529	(7,318)	(11,112)	103
Comprehensive earnings / (losses):
Net earnings	7,291			7,267			24
Other comprehensive losses, net of income taxes	(2,694)				(2,668)		(26)
Exercise of stock options and issuance of other stock awards	311		109	(70)		272
Common Stock repurchased	(3,622)					(3,622)
Cash dividends declared ($0.64 per share for 2015, $0.58 per share for 2014,and $0.54 per share for 2013)	(1,026)			(1,026)
Dividends paid on noncontrolling interest and other activities	(13)						(13)
Balances at Dec. 31, 2015	$ 28,100	$ 0	$ 31,760	$ 20,700	$ (9,986)	$ (14,462)	$ 88

Consolidated Statements of Equ7

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash dividends declared, per share	$ 0.17	$ 0.17	$ 0.15	$ 0.15	$ 0.15	$ 0.15	$ 0.14	$ 0.14	$ 0.64	$ 0.58	$ 0.54

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES
Net earnings	$ 7,291	$ 2,201	$ 3,935
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	894	1,059	1,077
Stock-based compensation expense	136	141	128
Deferred income tax benefit	(30)	(186)	(64)
Asset impairments	345	240	97
Benefit from indemnification resolution			(385)
Loss on early extinguishment of debt	748	493	608
Gains on coffee business transactions, divestitures and acquisition, net	(6,822)		(30)
Loss on deconsolidation of Venezuela	778
Coffee business transactions currency-related net gains	(436)	(628)
Income from equity method investments	(56)	(113)	(107)
Distributions from equity method investments	58	63	66
Other non-cash items, net	199	(134)	22
Change in assets and liabilities, net of acquisitions and divestitures:
Receivables, net	44	184	492
Inventories, net	(49)	(188)	(116)
Accounts payable	659	387	793
Other current assets	28	(86)	(42)
Other current liabilities	152	135	62
Change in pension and postretirement assets and liabilities, net	(211)	(6)	(126)
Net cash provided by operating activities	3,728	3,562	6,410
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES
Capital expenditures	(1,514)	(1,642)	(1,622)
Proceeds from coffee business transactions and divestiture, net of disbursements	4,735		60
Proceeds from coffee business transactions currency hedge settlements	1,050
Acquisitions, net of cash received	(527)	(7)	(119)
Reduction of cash due to Venezuela deconsolidation	(611)
Capital contribution to JDE	(544)
Cash received from Kraft Foods Group related to the Spin-Off			55
Proceeds from sale of property, plant and equipment and other	60	7	143
Net cash provided by / (used in) investing activities	2,649	(1,642)	(1,483)
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES
Issuances of commercial paper, maturities greater than 90 days	613	2,082	1,329
Repayments of commercial paper, maturities greater than 90 days	(710)	(2,713)	(607)
Net (repayments) / issuances of other short-term borrowings	(931)	398	613
Long-term debt proceeds	4,624	3,032	3,248
Long-term debt repaid	(4,975)	(3,017)	(7,559)
Repurchase of Common Stock	(3,622)	(1,700)	(2,900)
Dividends paid	(1,008)	(964)	(943)
Other	126	194	132
Net cash used in financing activities	(5,883)	(2,688)	(6,687)
Effect of exchange rate changes on cash and cash equivalents	(255)	(223)	(93)
Cash and cash equivalents:
Increase / (decrease)	239	(991)	(1,853)
Balance at beginning of period	1,631	2,622	4,475
Balance at end of period	1,870	1,631	2,622
Cash paid:
Interest	747	827	1,150
Income taxes	$ 745	$ 1,238	$ 760

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Description of Business: Mondelēz International, Inc. (formerly Kraft Foods Inc.) was incorporated in 2000 in the Commonwealth of Virginia. Mondelēz International, Inc., through its subsidiaries (collectively “Mondelēz International,” “we,” “us” and “our”), sells food and beverage products to consumers in 165 countries. Principles of Consolidation: The consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries. For all periods presented through December 31, 2015, the operating results of our Venezuelan subsidiaries are included in our consolidated financial statements. As of the close of the fourth quarter of 2015, we deconsolidated our Venezuelan operations from our consolidated financial statements and recognized a loss on deconsolidation. See Currency Translation and Highly Inflationary Accounting: Venezuela We account for investments in which we exercise significant influence (20%-50% ownership interest) under the equity method of accounting. On July 2, 2015, we contributed our global coffee businesses to a new company, Jacobs Douwe Egberts (“JDE”), in which we now hold a 43.5% equity interest (collectively, the “coffee business transactions”). Historically, our coffee businesses and the income from primarily coffee-related and smaller equity method investments were recorded within our operating income as these businesses operated as direct extensions of our base business. Following the coffee business transactions, while we retain an ongoing interest in coffee through significant equity method investments, and we have significant influence with JDE and other equity method investments, we do not have control over these operations directly. As such, beginning in the third quarter of 2015, we began to recognize the investment earnings in after-tax equity method investment earnings outside of operating income and segment income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis and thus is not shown on our consolidated statement of earnings for this period. For periods prior to the July 2, 2015 closing, the coffee and other equity method investment earnings were included within our operating income and segment income. Please see Note 2, Divestitures and Acquisitions – Coffee Business Transactions Segment Reporting We use the cost method of accounting for investments in which we have an ownership interest of less than 20% and in which we do not exercise significant influence. The noncontrolling interest represents the noncontrolling investors’ interests in the results of subsidiaries that we control and consolidate. All intercompany transactions are eliminated. Discontinued Operation: On October 1, 2012 (the “Distribution Date”), we completed the spin-off of our former North American grocery business, Kraft Foods Group, Inc. (“Kraft Foods Group”; which is now part of The Kraft Heinz Company), by distributing 100% of the outstanding shares of common stock of Kraft Foods Group to holders of our Common Stock (the “Spin-Off”). We retained our global snacks business along with other food and beverage categories. The divested Kraft Foods Group business is presented as a discontinued operation on the consolidated statements of earnings in 2013. See Note 2, Divestitures and Acquisitions, Accounting Calendar Change: In connection with moving toward a common consolidation date across the Company, in the first quarter of 2015, we changed the consolidation date for our North America segment from the last Saturday of each period to the last calendar day of each period. The change had a favorable impact of $78 million on net revenues and $37 million on operating income in 2015. In the first quarter of 2013, we changed the consolidation date for our Europe segment, from predominantly the last Saturday of each period to the last calendar day of each period. The change had a favorable impact of $37 million on net revenues and $6 million on operating income in 2013. As a result of these changes, each of our operating subsidiaries now reports results as of the last calendar day of the period. We believe the change will improve business planning and financial reporting by better matching the close dates of the operating subsidiaries and bringing the reporting dates to the period-end date. As the effect to prior-period results was not material, we have not revised prior-period results. Use of Estimates: We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which require us to make estimates and assumptions that affect a number of amounts in our consolidated financial statements. Significant accounting policy elections, estimates and assumptions include, among others, pension and benefit plan assumptions, valuation assumptions of goodwill and intangible assets, useful lives of long-lived assets, restructuring program liabilities, marketing program accruals, insurance and self-insurance reserves and income taxes. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements. 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 such as in Venezuela) and realized exchange gains and losses on transactions in earnings. Venezuela. Effective as of the close of the 2015 fiscal year, we concluded that we no longer met the accounting criteria for consolidation of our Venezuela subsidiaries due to a loss of control over our Venezuelan operations and an other-than-temporary lack of currency exchangeability. During the fourth quarter of 2015, representatives of the Venezuelan government arbitrarily imposed pricing restrictions on our local operations that resulted in our inability to recover operating costs. We immediately began an appeal process with the Venezuelan authorities to demonstrate that our pricing was in line with the regulatory requirements. In January 2016, local officials verbally lifted some of the pricing restrictions; however, it is uncertain when the legally required administrative order will be issued. The legal and regulatory environment has become more unreliable. While we had been complying with the Venezuelan law governing pricing and profitability controls and had followed the legal process for appeal, the appeal process was not available to us as outlined under law. Additionally, we have been increasingly facing issues procuring raw materials and packaging. Taken together, these actions, the economic environment in Venezuela and the progressively limited access to dollars to import goods through the use of any of the available currency mechanisms have impaired our ability to operate and control our Venezuelan businesses. We therefore concluded that we no longer met the criteria for the consolidation of our Venezuelan subsidiaries. As of the close of the 2015 fiscal year, we deconsolidated and changed to the cost method of accounting for our Venezuelan operations. We recorded a $778 million pre-tax loss as we reduced the value of our cost method investment in Venezuela and all Venezuelan receivables held by our other subsidiaries to realizable fair value, resulting in full impairment. The recorded loss also included historical cumulative translation adjustments related to our Venezuelan operations that had previously been recorded in accumulated other comprehensive losses within equity. The fair value of our investments in our Venezuelan subsidiaries was estimated based on discounted cash flow projections of current and expected operating losses in the foreseeable future and our ability to operate the business on a sustainable basis. Our fair value estimate reflects U.S. dollar exchange and discount rate assumptions that reflect the inflation and economic uncertainty in Venezuela. Beginning in 2016, we will no longer include net revenues, earnings or net assets of our Venezuelan subsidiaries within our consolidated financial statements. Under the cost method of accounting, we will recognize earnings only to the extent cash is received from our Venezuelan subsidiaries. Given the current and ongoing difficult economic, regulatory and business environment in Venezuela, there continues to be significant uncertainty related to our operations in Venezuela, and we expect these conditions will continue for the foreseeable future. We will monitor the extent of our ability to control our Venezuelan operations and the liquidity and availability of U.S. dollars at different rates as our current situation in Venezuela may change over time and lead to consolidation at a future date. For 2015 and prior periods presented, the operating results of our Venezuela operations were included in our consolidated statements of earnings. During this time, we recognized a number of currency-related remeasurement losses resulting from devaluations of the Venezuela bolivar exchange rates we historically used to source U.S. dollars for purchases of imported raw materials, packaging and other goods and services. The following table sets forth a history of the remeasurement losses, the deconsolidation loss and historical operating results and financial position of our Venezuelan subsidiaries for the periods presented: For the Years Ended December 31, 2015 2014 2013 (in millions) Net Revenues $ 1,217 $ 760 $ 795 Operating income (excluding remeasurement and deconsolidation losses) 266 181 211 Remeasurement losses: Q1 2013: 4.30 to 6.30 bolivars to the U.S. dollar – – (54 ) Q1 2014: 6.30 to 10.70 bolivars to the U.S. dollar – (142 ) – SICAD I remeasurements through – (25 ) – Q1 2015: 11.50 to 12.00 bolivars to the U.S. dollar (11 ) – – Loss on deconsolidation (778 ) – – As of December 31, 2015 2014 (in millions) Cash (1) $ 611 $ 278 Net monetary assets (1) 405 236 Net assets (1) 658 500 (1) Represents the financial position of our Venezuelan subsidiaries prior to the accounting change on December 31, 2015. Argentina. Other Countries. Cash and Cash Equivalents: Cash and cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. Transfers of Financial Assets: We account for transfers of financial assets as sales when we have surrendered control over the related assets. Whether control has been relinquished requires, among other things, an evaluation of relevant legal considerations and an assessment of the nature and extent of our continuing involvement with the assets transferred. We use these programs periodically when circumstances are favorable to manage liquidity. Gains and losses stemming from transfers reported as sales are included as an offset to net revenue in the consolidated statements of earnings. Assets obtained and liabilities incurred in connection with transfers reported as sales are initially recognized on the consolidated balance sheets at fair value. On December 19, 2013 in Europe and on December 22, 2015 in the United States, we entered into uncommitted revolving non-recourse accounts receivable factoring arrangements with a major global bank. The facilities, whose maximum combined capacity is $820 million, will remain available unless terminated by either party. Under the arrangements, we may sell eligible short-term trade receivables to the bank in exchange for cash. The transfers are reported as sales of trade receivables within our consolidated financial statements. We continue to service the receivables sold, acting solely as a collecting agent on behalf of the bank. We recorded losses on these sales of $3 million in 2015 and $2 million in 2014. The outstanding principal amount of receivables sold under the combined facilities amounted to $570 million in 2015 and $211 million in 2014. Inventories: We value our inventory using the average cost method. We also record inventory allowances for overstock and obsolete inventories due to ingredient and packaging changes. Long-Lived Assets: Property, plant and equipment are stated at historical cost and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods ranging from 3 to 20 years and buildings and building improvements over periods up to 40 years. We review long-lived assets, including amortizable intangible assets, for realizability on an ongoing basis. Changes in depreciation, generally accelerated depreciation, are determined and recorded when estimates of the remaining useful lives or residual values of long-term assets change. We also review for impairment when conditions exist that indicate the carrying amount of the assets may not be fully recoverable. In those circumstances, we perform undiscounted operating cash flow analyses to determine if an impairment exists. When testing for asset impairment, we group assets and liabilities at the lowest level for which cash flows are separately identifiable. Any impairment loss is calculated as the excess of the asset’s carrying value over its estimated fair value. Fair value is estimated based on the undiscounted cash flows for the asset group over the remaining useful life or based on the expected cash proceeds for the asset less costs of disposal. Any significant impairment losses would be recorded within asset impairment and exit costs in the consolidated statements of earnings. Software Costs: We capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use. Capitalized software costs are included in property, plant and equipment and amortized on a straight-line basis over the estimated useful lives of the software, which do not exceed seven years. Goodwill and Non-Amortizable Intangible Assets: We test goodwill and non-amortizable intangible assets for impairment on an annual basis on October 1. We assess goodwill impairment risk throughout the year by performing a qualitative review of entity-specific, industry, market and general economic factors affecting our goodwill reporting units. We review our operating segment and reporting unit structure for goodwill testing annually or as significant changes in the organization occur. Annually, we may perform qualitative testing or elect to do quantitative testing instead, depending on prior test results, current year developments, current risk evaluations and other practical considerations. In the event that significant potential goodwill impairment risk exists for a specific reporting unit, we apply a two-step quantitative test. The first step compares the reporting unit’s estimated fair value with its carrying value. We estimate a reporting unit’s fair value using a discounted cash flow method which incorporates planned growth rates, market-based discount rates and estimates of residual value. This year, for our Europe and North America reporting units, we used a market-based, weighted-average cost of capital of 6.8% to discount the projected cash flows of those operations. For our Latin America, Asia Pacific and EEMEA reporting units, we used a risk-rated discount rate of 9.8%. Estimating the fair value of individual reporting units requires us to make assumptions and estimates regarding our future plans, industry and economic conditions, and our actual results and conditions may differ over time. If the carrying value of a reporting unit’s net assets exceeds its fair value, we would apply a second step to measure the difference between the carrying value and implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, the goodwill is impaired and its carrying value is reduced to the implied fair value of the goodwill. Annually we assess non-amortizable intangible assets for impairment by performing a qualitative review and assessing events and circumstances that could affect the fair value or carrying value of the indefinite-lived intangible assets. If significant potential impairment risk exists for a specific asset, we quantitatively test it for impairment by comparing its estimated fair value with its carrying value. We determine estimated fair value using planned growth rates, market-based discount rates and estimates of royalty rates. If the carrying value of the asset exceeds its fair value, we consider the asset impaired and reduce its carrying value to the estimated fair value. We amortize definite-lived intangible assets over their estimated useful lives and evaluate them for impairment as we do other long-lived assets. Insurance and Self-Insurance: We use a combination of insurance and self-insurance for a number of risks, including workers’ compensation, general liability, automobile liability, product liability and our obligation for employee healthcare benefits. We estimate the liabilities associated with these risks on an undiscounted basis by evaluating and making judgments about historical claims experience and other actuarial assumptions and the estimated impact on future results. Revenue Recognition: We recognize revenues when title and risk of loss pass to customers, which generally occurs upon delivery or shipment of goods. Revenues are recorded net of sales incentives and trade promotions and include all shipping and handling charges billed to customers. Our shipping and handling costs are classified as part of cost of sales. Provisions for product returns and other trade allowances are also recorded as reductions to revenues within the same period that the revenue is recognized. Marketing and Research and Development: We promote our products with advertising, marketing, sales incentives and trade promotions. These programs include, but are not limited to, cooperative advertising, in-store displays, consumer promotions, new product introduction fees, discounts, coupons, rebates and volume-based incentives. We expense advertising costs either in the period the advertising first takes place or as incurred. Sales incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated due to customers and consumers at the end of a period. We base these estimates principally on historical utilization and redemption rates. For interim reporting purposes, advertising expenses and sales incentives are charged to operations as a percentage of volume, based on estimated volume and estimated program spending. We do not defer costs on our year-end consolidated balance sheet and all marketing costs are recorded as an expense in the year incurred. Advertising expense was $1,542 million in 2015, $1,552 million in 2014 and $1,721 million in 2013. We expense product research and development costs as incurred. Research and development expense was $409 million in 2015, $455 million in 2014 and $471 million in 2013. We record marketing and research and development expenses within selling, general and administrative expenses. Employee Benefit Plans: We provide a range of benefits to our current and retired employees. These include pension benefits, postretirement health care benefits and postemployment benefits depending upon jurisdiction, tenure, job level and other factors. Local statutory requirements govern many of the benefit plans we provide around the world. Local government plans generally cover health care benefits for retirees outside the United States, Canada and United Kingdom. Our U.S., Canadian and U.K. subsidiaries provide health care and other benefits to most retired employees. Our postemployment benefit plans provide primarily severance benefits for eligible salaried and certain hourly employees. The cost for these plans is recognized in earnings primarily over the working life of the covered employee. Financial Instruments: We use financial instruments to manage our currency exchange rate, commodity price and interest rate risks. We monitor and manage these exposures as part of our overall risk management program, which focuses on the unpredictability of financial markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on our operating results. A principal objective of our risk management strategies is to reduce significant, unanticipated earnings fluctuations that may arise from volatility in currency exchange rates, commodity prices and interest rates, principally through the use of derivative instruments. We use a combination of primarily currency forward contracts, futures, options and swaps; commodity forward contracts, futures and options; and interest rate swaps to manage our exposure to cash flow variability, protect the value of our existing currency assets and liabilities and protect the value of our debt. See Note 9, Financial Instruments We record derivative financial instruments on a gross basis and at fair value in our consolidated balance sheets within other current assets or other current liabilities due to their relatively short-term duration. Cash flows from derivative instruments are classified in the consolidated statements of cash flows based on the nature of the derivative instrument. Changes in the fair value of a derivative that is designated as a cash flow hedge, to the extent that the hedge is effective, are recorded in accumulated other comprehensive earnings / (losses) and reclassified to earnings when the hedged item affects earnings. Changes in fair value of economic hedges and the ineffective portion of all hedges are recognized in current period earnings. Changes in the fair value of a derivative that is designated as a fair value hedge, along with the changes in the fair value of the related hedged asset or liability, are recorded in earnings in the same period. We use non-U.S. dollar denominated debt to hedge a portion of our net investment in non-U.S. operations against adverse movements in exchange rates, with currency movements related to the debt and net investment and the related deferred taxes recorded within currency translation adjustment in accumulated other comprehensive earnings / (losses). In order to qualify for hedge accounting, a specified level of hedging effectiveness between the derivative instrument and the item being hedged must exist at inception and throughout the hedged period. We must also formally document the nature of and relationship between the derivative and the hedged item, as well as our risk management objectives, strategies for undertaking the hedge transaction and method of assessing hedge effectiveness. Additionally, for a hedge of a forecasted transaction, the significant characteristics and expected term of the forecasted transaction must be specifically identified, and it must be probable that the forecasted transaction will occur. If it is no longer probable that the hedged forecasted transaction will occur, we would recognize the gain or loss related to the derivative in earnings. When we use derivatives, we are exposed to credit and market risks. Credit risk exists when a counterparty to a derivative contract might fail to fulfill its performance obligations under the contract. We reduce our credit risk by entering into transactions with counterparties with high quality, investment grade credit ratings, limiting the amount of exposure with each counterparty and monitoring the financial condition of our counterparties. We also maintain a policy of requiring that all significant, non-exchange traded derivative contracts with a duration of one year or longer are governed by an International Swaps and Derivatives Association master agreement. Market risk exists when the value of a derivative or other financial instrument might be adversely affected by changes in market conditions and commodity prices, currency exchange rates or interest rates. We manage derivative market risk by limiting the types of derivative instruments and derivative strategies we use and the degree of market risk that we plan to hedge through the use of derivative instruments. Commodity cash flow hedges Currency exchange cash flow hedges third-party Interest rate cash flow and fair value hedges Hedges of net investments in non-U.S. operations Income Taxes: We recognize tax benefits in our financial statements when uncertain tax positions are assessed more likely than not to be sustained upon audit. The amount we recognize is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. We recognize deferred tax assets for deductible temporary differences, operating loss carryforwards and tax credit carryforwards. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. New Accounting Pronouncements: In January 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) which provides updated guidance for the recognition, measurement, presentation and disclosure of financial assets and liabilities. The ASU is effective for fiscal years beginning after December 15, 2017. We are currently assessing the impact across our operations and on our consolidated financial statements. In November 2015, the FASB issued an ASU that requires all deferred tax liabilities and assets be classified as noncurrent in the balance sheet. The new standard did not change the current requirement to offset deferred tax liabilities and assets within a tax-paying component of an entity. The ASU is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. It can also be applied either prospectively or retrospectively to all periods presented. We early adopted the new standard on December 31, 2015 on a prospective basis. We classified deferred taxes as non-current on our consolidated balance sheets as of December 31, 2015. No prior periods were retrospectively adjusted. In September 2015, the FASB issued an ASU that eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Under the new guidance, measurement-period adjustments should be accounted for during the period in which the entity determines the amount of the adjustment. The ASU is effective for fiscal years beginning after December 15, 2015, with early adoption permitted, and should be applied prospectively to open measurement periods after the effective date, regardless of the acquisition date. We elected to early adopt and will apply the standard in our accounting for the acquisitions that we closed during the third quarter of 2015. See Note 2, Divestitures and Acquisitions In July 2015, the FASB issued an ASU that simplifies the guidance on the subsequent measurement of inventory. U.S. GAAP currently requires an entity to measure inventory at the lower of cost or market. Previously, market could be replacement cost, net realizable value or net realizable value less an approximate normal profit margin. Under the new standard, inventory should be valued at the lower of cost or net realizable value. The ASU is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. We early adopted the new standard on January 1, 2016 on a prospective basis. The adoption of the standard is not expected to have a material impact on our consolidated financial statements. In May 2015, the FASB issued an ASU that applies to reporting entities that elect to measure the fair value of an investment using the net asset value (“NAV”) per share (or its equivalent) practical expedient. This ASU removes the requirement to include investments measured using the practical expedient within fair value hierarchy disclosures. Also, practical expedient disclosures previously required for all eligible investments are now only required for investments for which the practical expedient has been elected. The update is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. As we measure certain defined benefit plan assets using the NAV practical expedient, we adopted the new standard on January 1, 2016. The new standard will impact our future pension disclosures and is not expected to otherwise have an impact on our consolidated financial statements. In April 2015, the FASB issued an ASU that provides guidance on evaluating whether a cloud computing arrangement includes a software license. If there is a software license component, software licensing accounting should be applied; otherwise, service contract accounting should be applied. The ASU is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We adopted the new standard on January 1, 2016 and on a prospective basis. The standard is not expected to have a material impact on our consolidated financial statements. In April 2015, the FASB issued an ASU that simplifies the presentation of debt issuance costs. The standard requires debt issuance costs related to a recognized debt obligation to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt instead of being presented as an asset, similar to the presentation of debt discounts. In August 2015, the FASB issued an update clarifying that for line-of-credit arrangements entities may continue to defer debt issuance costs as an asset. The ASU represents a change in accounting principle and requires retrospective application. The ASU is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We early adopted the new standard on December 31, 2015 and reclassified historical deferred debt issuance costs related to debt other than line-of-credit arrangements from long-term other assets to offset the related debt obligations. In February 2015, the FASB issued an ASU that amends current consolidation guidance related to the evaluation of whether certain legal entities should be consolidated. The standard modifies both the variable interest entity (“VIE”) model and the voting interest model, including analyses of whether limited partnerships are VIEs and the impact of service fees and related party interests in determining if an entity is a VIE to the reporting entity. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We adopted the new standard on January 1, 2016 and we do not expect the standard to have a material impact on our consolidated financial statements. In May 2014, the FASB issued an ASU on revenue recognition from contracts with customers. The new ASU outlines a new, single comprehensive model for companies to use in accounting for revenue. The core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for the goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts, including significant judgments made in recognizing revenue. In May 2015, the FASB proposed changes to the new guidance in the areas of licenses and identifying performance obligations. In August 2015, the FASB issued an ASU that defers the effective date by one year to annual reporting periods beginning after December 15, 2017. Early adoption is permitted as of the original effective date which was for annual reporting periods beginning after December 15, 2016. The ASU may be applied retrospectively to historical periods presented or as a cumulative-effect adjustment as of the date of adoption. We have made progress in our due diligence and scoping reviews and continue to assess the impact of the new standard across our operations and on our consolidated financial statements. We anticipa

Divestitures and Acquisitions

Divestitures and Acquisitions	12 Months Ended
	Dec. 31, 2015
Divestitures and Acquisitions	Note 2. Divestitures and Acquisitions Coffee Business Transactions: On July 2, 2015, we completed transactions to combine our wholly owned coffee businesses (including our coffee portfolio in France) with those of D.E Master Blenders 1753 B.V. (“DEMB”) to create a new company, Jacobs Douwe Egberts or JDE. We currently hold a 43.5% equity interest in JDE and Acorn Holdings B.V. (“AHBV”), owner of DEMB, holds the remaining 56.5% equity interest. In connection with the contribution of our global coffee businesses to JDE, we recorded a pre-tax gain of $6.8 billion (or $6.6 billion after taxes) in 2015. We also recorded approximately $1.0 billion of pre-tax net gains related to hedging the expected cash proceeds from the transactions as described further below. The consideration we have received to date consists of € Other Divestitures, Acquisitions and Sales of Property During the fourth quarter, we and JDE concluded negotiations of a sales price adjustment and completed the valuation of our investment in JDE. Primarily related to the negotiated resolution of the sales price adjustment in the fourth quarter, we recorded a $313 million reduction in the pre-tax gain on the coffee transaction, reducing the $7.1 billion estimated gain in the third quarter to the $6.8 billion final gain for 2015. As part of our sales price negotiations, we retained the right to collect future cash payments if certain estimated pension liabilities come in over an agreed amount in the future. As such, we may recognize additional income related to this negotiated term in the future. The final value of our investment in JDE on July 2, 2015 was € In connection with the expected receipt of cash in euros at the time of closing, we entered into a number of consecutive currency exchange forward contracts in 2014 and 2015 to lock in an equivalent expected value in U.S. dollars as of the date the coffee business transactions were first announced in May 2014. Cumulatively, we realized aggregate net gains and received cash of approximately $1.0 billion on these hedging contracts that increased the cash we received in connection with the coffee business transactions from $4.2 billion in cash consideration received to $5.2 billion. In connection with these currency contracts and the transfer of the sale proceeds to our subsidiaries that deconsolidated net assets and shares, we recognized a net gain of $628 million in 2014 and a net gain of $436 million in 2015 within interest and other expense, net. Prior to the July 2, 2015 closing, we received conditional approval for the coffee business combination from the European Commission following their antitrust evaluation. The European Commission’s ruling was conditioned upon JDE’s divestiture of the majority of the EU-based Carte Noire Merrild In our historical consolidated results, the pre-tax earnings of the coffee businesses we contributed to JDE were included in periods prior to the July 2, 2015 closing date and as reflected below for the periods presented: For the Six Months For the Years Ended December 31, 2015 2014 2013 (in millions) (in millions) Earnings before income taxes $ 342 $ 646 $ 700 We also incurred incremental expenses related to readying our global coffee businesses for the transactions that totaled $278 million for the year ended December 31, 2015 and $77 million for the year ended December 31, 2014. Of these total expenses, $123 million was recorded within asset impairment and exit costs in 2015 and the remainder was recorded within selling, general and administrative expenses of primarily our Europe segment, as well as within our Eastern Europe, Middle East and Africa (“EEMEA”) segment and general corporate expenses. On July 2, 2015, we deconsolidated the following assets and liabilities in connection with the deconsolidation of our global coffee businesses (in millions). The amounts below also include the fourth quarter final settlement of coffee business-related pension obligations as further described below. Assets Cash and cash equivalents $ 488 Trade receivables 468 Other receivables 24 Inventories, net 469 Deferred income taxes 6 Other current assets 44 Current assets 1,499 Property, plant and equipment, net 751 Goodwill 1,664 Intangible assets, net – Other assets 35 Noncurrent assets 2,450 Total assets $ 3,949 Liabilities Accounts payable $ 438 Accrued marketing 290 Accrued employment costs 29 Other current liabilities 63 Current liabilities 820 Deferred income taxes 63 Accrued pension costs 131 Other liabilities 4 Noncurrent liabilities 198 Total liabilities $ 1,018 Net assets deconsolidated $ 2,931 In addition to the net assets we deconsolidated, we also reduced accumulated other comprehensive losses for the transfer of coffee business-related pension obligations in the amount of $90 million in 2015. The timing of these reductions during the third and fourth quarters of 2015 corresponded to when the Company was discharged from the obligations under the plans. As a result of the transaction, our snacks product categories, consisting of biscuits, chocolate, gum and candy, make up the majority of our business portfolio, contributing approximately 85% of our 2015 and 2014 net revenues after excluding coffee net revenues. By retaining a significant stake in JDE, the coffee category will continue to be significant to our results. As such, we have reflected our historical coffee results and equity earnings from JDE in results from continuing operations reflecting the fact that results from the coffee category continue to be a significant part of our net earnings and business strategy going forward. Summary Financial Information for Equity Method Investments: Summarized financial information for JDE and our other equity method investments is reflected below. As of December 31, 2015 2014 (in millions) Current assets $ 3,943 $ 1,120 Noncurrent assets 20,936 835 Total assets $ 24,879 $ 1,955 Current liabilities $ 2,779 $ 564 Noncurrent liabilities 9,880 62 Total liabilities $ 12,659 $ 626 For the Years Ended December 31, 2015 2014 2013 (in millions) Net revenues $ 4,993 $ 2,721 $ 2,749 Gross profit 1,551 921 952 Income from continuing operations 96 226 214 Net income 97 226 214 Net income attributable to investees (1) $ 97 $ 226 $ 214 Mondelēz International ownership interests 40%-50% 40%-50% 40%-50% Mondelēz International share of investee net income (2) $ 56 $ 113 $ 107 (1) Includes $33 million of amortization expense related to a basis difference between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of their equity. (2) Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies – Principles of Consolidation Additionally, our proportionate share of JDE’s and our other equity method investments’ other comprehensive losses was $137 million in 2015, $28 million in 2014 and $1 million in 2013 which were recorded within our consolidated statement of other comprehensive earnings. JDE Capital Increase: On December 18, 2015, AHBV and we agreed to provide JDE additional capital to pay down some of its debt with lenders. Our pro rata share of the capital increase was € € € Planned Keurig Transaction: On December 6, 2015, we agreed to make an investment in Keurig Green Mountain Inc. (“Keurig”), which is contingent upon the successful completion of a planned acquisition of Keurig by JAB Holding Co. (“JAB” and parent company of AHBV). Following the close of JAB’s planned acquisition of Keurig in early 2016, we intend to exchange a portion of our equity interest in JDE for an equity interest in Keurig. Following the exchange of shares, we expect our ownership in JDE to decrease to approximately 26.5% and our interest in Keurig to be somewhat lower. We expect to account for both investments under the equity method, resulting in our recognizing our share of their earnings within our earnings and our share of their dividends within our cash flows. Our governance rights in JDE will not change significantly and we will have similar governance rights in Keurig following the transaction. Our investment in Keurig will follow the acquisition of Keurig by JAB, which is expected to be completed by the end of the first quarter of 2016 or early in the second quarter. As our exchange of shares in JDE for the investment in Keurig is conditioned upon the actions of JAB and Keurig’s existing shareholders and is subject to further regulatory antitrust reviews, we have not reflected the portion of our investment in JDE that would be exchanged for the Keurig investment as assets held for sale as of December 31, 2015. Spin-Off of Kraft Foods Group: We divested the Kraft Foods Group grocery business in a spin-off completed on October 1, 2012. In 2013, in connection with the Kraft Foods Group business, we received cash and recorded income from the resolution of the legal matter described below and we received cash and retired a receivable related to a Spin-Off stock award cash settlement with Kraft Foods Group. We also incurred Spin-Off transaction, transition and financing and related costs (“Spin-Off Costs”) through the end of 2014 as noted below. On December 13, 2013, an independent arbitrator in our dispute with the Starbucks Coffee Company (“Starbucks”) issued a decision and Final Award that Kraft Foods Global, Inc. (which became Kraft Foods Group in the Spin-Off), the named party in the proceeding, had proven that it was entitled to recover and that Starbucks was required to pay $2,764 million in total cash compensation for Starbucks’ unilateral termination of the Starbucks packaged coffee business license and supply agreement. The award included compensation for 135% of the determined fair market value of the agreement for improper termination as well as prejudgment interest of $521 million and Kraft Foods Group’s attorney’s fees, which the parties agreed would equal $15 million. Starbucks has paid all of the amount owed pursuant to the ruling. Under the Separation and Distribution Agreement between Kraft Foods Group and us, Kraft Foods Group directed the recovery awarded in the arbitration proceeding to us in connection with the Spin-Off recapitalization plans. Accordingly, the pre-tax gain on the resolution of the Starbucks arbitration of $2.5 billion ($1.6 billion net of tax) was recorded in earnings from discontinued operations during the fourth quarter of 2013. In March 2013, we also collected $55 million from Kraft Foods Group related to the cash settlement of stock awards held by our respective employees at the time of the Spin-Off as further described in Note 11, Stock Plans In 2014, we concluded our Spin-Off transition plans. We recorded Spin-Off Costs of $35 million in 2014 and $62 million in 2013 in pre-tax earnings within selling, general and administrative expenses. Through the end of 2014, we incurred total Spin-Off Costs of approximately $1.2 billion. Other Divestitures, Acquisitions and Sales of Property: On July 15, 2015, we acquired an 80% interest in a biscuit operation in Vietnam, which is now a subsidiary within our Asia Pacific segment. Total cash paid to date for the biscuit operation, intellectual property, non-compete and consulting agreements less purchase price adjustments received was 11,645 billion Vietnamese dong ($534 million U.S. dollars using applicable exchange rates on July 15 and November 27). We have made, received and expect to make the following cash payments in connection with the acquisition: • On November 10, 2014, we deposited $46 million in escrow upon signing the purchase agreement. • On July 15, 2015, we made a 9,122 billion Vietnamese dong ($418 million U.S. dollars as of July 15, 2015) payment for the biscuit operation, a $44 million additional escrow deposit and a 759 billion Vietnamese dong ($35 million U.S. dollars as of July 15, 2015) partial payment for the non-compete and continued consulting agreements. • On November 27, 2015, we received 197 billion Vietnamese dong ($9 million U.S. dollars as of November 27, 2015) as a purchase price adjustment related to working capital adjustments at closing. • Subject to the satisfaction of final conditions, including the resolution of warranty, other claims and further purchase price adjustments, we expect to release previously escrowed funds of $90 million for the remaining 20% interest in the biscuit operation and to make a final payment of 759 billion Vietnamese dong ($34 million U.S. dollars using a December 31, 2015 exchange rate) for the non-compete and consulting agreements. We anticipate resolution of these conditions by the end of the third quarter of 2016. We are in the process of completing the valuation work for the acquired net assets. We have recorded a preliminary allocation of the consideration paid including $10 million to inventory, $47 million to property, plant and equipment, $19 million to other net liabilities and $461 million of estimated goodwill. We recorded the non-compete and consulting agreements as prepaid contracts within other current and non-current assets and they will be amortized into net earnings over the remaining contract terms. The acquisition added $121 million in incremental net revenues and $21 million in incremental operating income in 2015. Additionally, we recorded acquisition costs of $7 million in 2015 and $2 million in 2014 and integration costs of $9 million for the year ended December 31, 2015 within selling, general and administrative expenses. On April 23, 2015, we completed the divestiture of our 50% equity interest in AGF, our Japanese coffee joint venture, to our joint venture partner, which generated cash proceeds of 27 billion Japanese yen ($225 million U.S. dollars as of April 23, 2015) and a pre-tax gain of $13 million (after-tax loss of $9 million). Upon closing, we divested our $99 million investment in the joint venture, $65 million of goodwill and $41 million of accumulated other comprehensive losses. We also incurred approximately $7 million of transaction costs. On February 16, 2015, we acquired a U.S. snack food company, Enjoy Life Foods, within our North America segment. We paid cash and settled debt totaling $81 million in connection with the acquisition. Upon finalizing the valuation of the acquired net assets during the second quarter, we recorded an $81 million purchase price allocation of $58 million in identifiable intangible assets, $20 million of goodwill and $3 million of other net assets. The acquisition-related costs and operating results of the acquisition were not material to our consolidated financial statements for the year ended December 31, 2015. On February 22, 2013, we acquired the remaining interest in a biscuit operation in Morocco, which is now a wholly-owned subsidiary within our EEMEA segment. We paid net cash consideration of $119 million, consisting of $155 million purchase price net of cash acquired of $36 million. Prior to the acquisition, our interest in the operation was accounted for under the equity method. As a result of obtaining a controlling interest, we consolidated the operation and upon finalizing the valuation of the acquired net assets in the fourth quarter of 2013, we recorded the fair value of acquired assets (including identifiable intangible assets of $48 million), the liabilities assumed and goodwill of $209 million. During the quarter ended March 31, 2013, we also recorded a pre-tax gain of $22 million related to the remeasurement of our previously-held equity interest in the operation to fair value in accordance with U.S. GAAP and acquisition costs of $7 million in interest and other expense, net and selling, general and administrative expenses. We recorded integration charges of $4 million in 2014 and $4 million in 2013 within cost of sales and selling, general and administrative expenses. In 2013, we completed several divestitures primarily in our EEMEA and Europe segments that generated cash proceeds of $60 million and pre-tax gains of $8 million. The divestitures included a salty snacks business in Turkey, a confectionery business in South Africa and a chocolate business in Spain. The aggregate operating results of the 2013 divestitures were not material to our financial statements in any of the periods presented. In 2013, we sold properties in India within our Asia Pacific segment and in Italy, the United Kingdom and Norway within our Europe segment. The India property sale generated a $39 million pre-tax gain and $53 million of cash proceeds. The Europe property sales generated $29 million in pre-tax net gains and $37 million of cash proceeds. We also have a $27 million receivable as of December 31, 2015 related to the United Kingdom property sale in 2013, of which $25 million was received in January 2016, with approximately $2 million to be received within a year. The gains were recorded within selling, general and administrative expenses and cash proceeds were recorded in cash flows from other investing activities in the year ended December 31, 2013.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2015
Inventories	Note 3. Inventories Inventories consisted of the following: As of December 31, 2015 2014 (in millions) Raw materials $ 782 $ 1,215 Finished product 1,930 2,434 2,712 3,649 Inventory reserves (103 ) (169 ) Inventories, net $ 2,609 $ 3,480 On July 2, 2015, we deconsolidated $469 million of net inventory with the coffee business transactions. See Note 2, Divestitures and Acquisitions – Coffee Business Transactions

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment	Note 4. Property, Plant and Equipment Property, plant and equipment consisted of the following: As of December 31, 2015 2014 (in millions) Land and land improvements $ 495 $ 574 Buildings and building improvements 2,753 3,117 Machinery and equipment 10,044 11,737 Construction in progress 1,262 1,484 14,554 16,912 Accumulated depreciation (6,192 ) (7,085 ) Property, plant and equipment, net $ 8,362 $ 9,827 On July 2, 2015, we deconsolidated $751 million of net property, plant and equipment with the coffee business transactions. See Note 2, Divestitures and Acquisitions – Coffee Business Transactions Capital expenditures of $1,514 million for the year ended December 31, 2015 exclude $322 million of accrued capital expenditures remaining unpaid at December 31, 2015 and include payment for $388 million of capital expenditures that were accrued and unpaid at December 31, 2014. In connection with our restructuring programs, we recorded non-cash asset write-downs (including accelerated depreciation and asset impairments) of $264 million in 2015, $173 million in 2014 and $89 million in 2013 (see Note 6, Restructuring Programs For the Years Ended December 31, 2015 2014 2013 (in millions) Latin America $ 46 $ 14 $ – Asia Pacific 80 23 2 EEMEA 9 16 – Europe 64 37 27 North America 65 83 60 Total non-cash asset write-downs $ 264 $ 173 $ 89

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets	Note 5. Goodwill and Intangible Assets Goodwill by reportable segment was: As of December 31, 2015 2014 (in millions) Latin America $ 858 $ 1,127 Asia Pacific 2,520 2,395 EEMEA 1,304 1,942 Europe 7,117 8,952 North America 8,865 8,973 Goodwill $ 20,664 $ 23,389 Intangible assets consisted of the following: As of December 31, 2015 2014 (in millions) Non-amortizable intangible assets $ 17,527 $ 18,810 Amortizable intangible assets 2,320 2,525 19,847 21,335 Accumulated amortization (1,079 ) (1,000 ) Intangible assets, net $ 18,768 $ 20,335 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 Amortization expense for intangible assets was $181 million in 2015, $206 million in 2014 and $217 million in 2013. We currently estimate annual amortization expense for each of the next five years to be approximately $180 million, estimated using December 31, 2015 exchange rates. Changes in goodwill and intangible assets consisted of: 2015 2014 Goodwill Intangible Goodwill Intangible (in millions) Balance at January 1 $ 23,389 $ 21,335 $ 25,597 $ 22,919 Changes due to: Currency (1,477 ) (1,462 ) (2,256 ) (1,528 ) Coffee business transactions (1,729 ) – – – Acquisitions 481 58 – – Asset impairments – (83 ) – (57 ) Other – (1 ) 48 1 Balance at December 31 $ 20,664 $ 19,847 $ 23,389 $ 21,335 Changes to goodwill and intangibles were: • Coffee business transactions and divestiture – On July 2, 2015, we deconsolidated $1,664 million of goodwill and less than $1 million of intangible assets in connection with the coffee business transactions. On April 23, 2015, we completed the divestiture of our 50% equity interest in AGF, which resulted in divesting $65 million of goodwill. • Acquisitions – On July 15, 2015, we acquired an 80% interest in a biscuit operation in Vietnam and recorded a preliminary allocation of $461 million of goodwill as we complete the final valuation work for the acquisition. On February 16, 2015, we acquired Enjoy Life Foods and recorded $20 million of goodwill and $58 million in identifiable intangible assets. • Asset Impairments – On December 31, 2015, in connection with the deconsolidation of Venezuela, we recorded $12 million of impairment charges as described below. We recorded $71 million of charges related to four trademarks in 2015 and $57 million of charges related to two trademarks in 2014 as described below. In 2015, 2014 and 2013, there were no impairments of goodwill. In connection with our 2015 annual impairment testing, each of our reporting units had sufficient fair value in excess of carrying value. In connection with the deconsolidation of our Venezuelan operations on December 31, 2015, we tested our Latin America reporting unit and determined the remaining businesses excluding Venezuela had sufficient fair value in excess of carrying value, such that there were no impairments of goodwill. While all reporting units passed our annual impairment testing, if expectations are not met or specific valuation factors outside of our control, such as discount rates, change significantly, then the estimated fair values of a reporting unit or reporting units might decline and lead to a goodwill impairment in the future. During our 2015 annual testing of non-amortizable intangible assets, we recorded $71 million of impairment charges related to four trademarks. The impairments arose due to lower than expected product growth partly driven by decisions made in the fourth quarter to redirect support for the products to other regional and global brands and slowdowns in local economies. We recorded charges related to candy and biscuit trademarks of $44 million in Asia Pacific, $22 million in Europe and $5 million in Latin America. The impairment charges were calculated as the excess of the carrying value over the estimated fair value of the intangible assets on a global basis and were recorded within asset impairment and exit costs. We primarily use a relief of royalty valuation method, which utilizes estimates of future sales, growth rates, royalty rates and discount rates in determining a brand’s global fair value. During our 2015 intangible asset impairment review, we noted seven brands, including the four impaired trademarks, with $598 million of aggregate book value as of December 31, 2015 that each had a fair value in excess of book value of 10% or less. While these intangible assets passed our annual impairment testing and we believe our current plans for each of these brands will allow them to continue to not be impaired, if 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. In 2014, we recorded a $48 million charge related to a biscuit trademark in our Asia Pacific segment and a $9 million charge related to a candy trademark in our Europe segment. Additionally, in connection with the deconsolidation of our Venezuelan operations on December 31, 2015, we recorded $12 million of impairment charges within the loss on deconsolidation of Venezuela related to a biscuit trademark.

Restructuring Programs

Restructuring Programs	12 Months Ended
	Dec. 31, 2015
Restructuring Programs	Note 6. Restructuring Programs 2014-2018 Restructuring Program On May 6, 2014, our Board of Directors approved a $3.5 billion restructuring program, comprised of approximately $2.5 billion in cash costs and $1 billion in non-cash costs (the “2014-2018 Restructuring Program”), and up to $2.2 billion of capital expenditures. The primary objective of the 2014-2018 Restructuring Program is to reduce our operating cost structure in both our supply chain and overhead costs. The program is intended primarily to cover severance as well as asset disposals and other manufacturing-related one-time costs. Since inception, we have incurred total restructuring and related implementation charges of $1.4 billion related to the 2014-2018 Restructuring Program. We expect to incur the majority of the program’s remaining charges in 2016 and to complete the program by year-end 2018. Restructuring Costs We recorded restructuring charges of $711 million 2015 and $274 million in 2014 within asset impairment and exit costs. The activity for the 2014-2018 Restructuring Program liability for the years ended December 31, 2015 and 2014 was: Severance and related Asset costs Write-downs Total (in millions) Liability balance, January 1, 2014 $ – $ – $ – Charges 251 23 274 Cash spent (17 ) – (17 ) Non-cash settlements / adjustments (5 ) (23 ) (28 ) Currency (5 ) – (5 ) Liability balance, December 31, 2014 $ 224 $ – $ 224 Charges 442 269 711 Cash spent (243 ) – (243 ) Non-cash settlements / adjustments (4 ) (269 ) (273 ) Currency (24 ) – (24 ) Liability balance, December 31, 2015 $ 395 $ – $ 395 We spent $243 million in 2015 and $17 million in 2014 in cash severance and related costs. We also recognized non-cash pension settlement losses (See Note 10, Benefit Plans Implementation Costs: Implementation costs are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. We believe the disclosure of implementation costs provides readers of our financial statements with more information on the total costs of our 2014-2018 Restructuring Program. Implementation costs primarily relate to reorganizing our operations and facilities in connection with our supply chain reinvention program and other identified productivity and cost saving initiatives. The costs include incremental expenses related to the closure of facilities, costs to terminate certain contracts and the simplification of our information systems. Within our continuing results of operations, we recorded implementation costs of $291 million in 2015 and $107 million in 2014. We recorded these costs within cost of sales and general corporate expense within selling, general and administrative expenses. Restructuring and Implementation Costs in Operating Income: During 2015 and 2014, we recorded restructuring and implementation costs related to the 2014-2018 Restructuring Program within operating income as follows: For the Years Ended December 31, Latin Asia North America Pacific EEMEA Europe America Corporate (1) Total (in millions) 2015 Restructuring Costs $ 145 $ 133 $ 63 $ 228 $ 114 $ 28 $ 711 Implementation Costs 39 19 12 73 69 79 291 Total $ 184 $ 152 $ 75 $ 301 $ 183 $ 107 $ 1,002 2014 Restructuring Costs $ 81 $ 16 $ 19 $ 91 $ 57 $ 10 $ 274 Implementation Costs 16 9 4 37 5 36 107 Total $ 97 $ 25 $ 23 $ 128 $ 62 $ 46 $ 381 Total Project 2014-2015 (2) Restructuring Costs $ 226 $ 149 $ 82 $ 319 $ 171 $ 38 $ 985 Implementation Costs 55 28 16 110 74 115 398 Total $ 281 $ 177 $ 98 $ 429 $ 245 $ 153 $ 1,383 (1) Includes adjustment for rounding. (2) Includes all charges recorded since program inception on May 6, 2014 through December 31, 2015. 2012-2014 Restructuring Program On October 1, 2012, we completed the Spin-Off of our North American grocery business, Kraft Foods Group, to our shareholders. Prior to this transaction, in 2012, our Board of Directors approved $1.5 billion of related restructuring and implementation costs (the “2012-2014 Restructuring Program”) reflecting primarily severance, asset disposals and other manufacturing-related one-time costs. The primary objective of the 2012-2014 Restructuring Program was to ensure that Mondelēz International and Kraft Foods Group were each set up to operate efficiently and execute on our respective business strategies upon separation and in the future. Of the $1.5 billion of 2012-2014 Restructuring Program costs, we retained approximately $925 million and Kraft Foods Group retained the balance of the program. Through the end of 2014, we incurred total restructuring and related implementation charges of $899 million and completed incurring planned charges on the 2012-2014 Restructuring Program. Restructuring Costs: We recorded reversals to the restructuring charges of $4 million 2015 related to accruals no longer required. We recorded restructuring charges of $360 million in 2014 and $267 million in 2013 within asset impairment and exit costs. During 2014, we also recorded out-of-period accruals for $73 million of severance ($52 million related to 2014 and $21 million related to 2013) in connection with a change in the timing of accruals for ongoing negotiations with workers’ councils and labor unions. The activity for the 2012-2014 Restructuring Program liability for the years ended December 31, 2015 and 2014 was: Severance and related Asset costs Write-downs Total (in millions) Liability balance, January 1, 2014 $ 68 $ – $ 68 Charges 201 159 360 Cash spent (130 ) – (130 ) Non-cash settlements / adjustments (2 ) (159 ) (161 ) Currency (9 ) – (9 ) Liability balance, December 31, 2014 $ 128 $ – $ 128 Charges (4 ) – (4 ) Cash spent (66 ) – (66 ) Non-cash settlements / adjustments (4 ) – (4 ) Currency (7 ) – (7 ) Liability balance, December 31, 2015 $ 47 $ – $ 47 We spent $66 million in 2015 and $130 million in 2014 in cash severance and related costs. We also recognized non-cash pension plan settlement losses (See Note 10, Benefit Plans Implementation Costs: Implementation costs related to our 2012-2014 Restructuring Program primarily relate to activities in connection with the Spin-Off such as reorganizing our operations and facilities, the discontinuance of certain product lines and incremental expenses related to the closure of facilities, replicating our information systems infrastructure and reorganizing our sales function. Within our continuing results of operations, we recorded implementation costs of $99 million in 2014 and $63 million in 2013. We recorded these costs within cost of sales and selling, general and administrative expenses. Restructuring and Implementation Costs in Operating Income: During 2014 and 2013 and since inception of the 2012-2014 Restructuring Program, we recorded restructuring and implementation costs within operating income as follows: For the Years Ended December 31, Latin Asia North America Pacific EEMEA Europe America Corporate (1) Total (in millions) 2014 Restructuring Costs $ 8 $ 34 $ 57 $ 148 $ 113 $ – $ 360 Implementation Costs 3 6 2 52 32 4 99 Total $ 11 $ 40 $ 59 $ 200 $ 145 $ 4 $ 459 2013 Restructuring Costs $ 21 $ 2 $ 12 $ 95 $ 135 $ 2 $ 267 Implementation Costs – – 2 36 25 – 63 Total $ 21 $ 2 $ 14 $ 131 $ 160 $ 2 $ 330 Total Project 2012-2014 (2) Restructuring Costs $ 36 $ 36 $ 69 $ 249 $ 337 $ 2 $ 729 Implementation Costs 3 6 4 88 65 4 170 Total $ 39 $ 42 $ 73 $ 337 $ 402 $ 6 $ 899 (1) Includes adjustment for rounding. (2) Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.

Integration Program and Cost Sa

Integration Program and Cost Savings Initiatives	12 Months Ended
	Dec. 31, 2015
Integration Program and Cost Savings Initiatives	Note 7. Integration Program and Cost Savings Initiatives Cadbury Integration Program: As a result of our combination with Cadbury Limited (formerly, Cadbury Plc or “Cadbury”) in 2010, we launched an integration program (the “Integration Program”) to combine the Cadbury operations with our operations and realize expected annual cost savings of approximately $750 million by the end of 2013 and revenue synergies from investments in distribution, marketing and product development. We achieved cost savings of approximately $800 million in 2012, a year ahead of schedule, and achieved our planned revenue synergies in 2013. Through the end of 2013, we incurred total integration charges of approximately $1.5 billion and completed incurring planned charges on the Integration Program. In 2013, we recorded Integration Program charges of $216 million in 2013 in cost of sales and selling, general and administrative expenses within our Europe, EEMEA, Asia Pacific and Latin America segments and we recorded reversals of Integration Program charges of $8 million in 2014 related to accruals no longer required. Changes in the Integration Program liability during 2015 and 2014 were: 2015 2014 (in millions) Balance at January 1 $ 58 $ 145 Charges – (8 ) Cash spent (15 ) (69 ) Currency / other (7 ) (10 ) Balance at December 31 $ 36 $ 58 At December 31, 2015, $10 million of our net Integration Program liability was recorded within other current liabilities and $26 million, primarily related to leased facilities no longer in use, was recorded within other long-term liabilities. Other Integration Costs: In connection with our acquisition of a biscuit operation in Vietnam in July 2015, we recorded integration charges of $9 million in 2015 in our Asia Pacific segment and in connection with our acquisition of a biscuit operation in Morocco in February 2013, we recorded integration charges of $4 million in 2014 and $4 million in 2013 in our EEMEA segment. We recorded these charges in cost of sales and selling, general and administrative expenses. See Note 2, Divestitures and Acquisitions, Cost Savings Initiatives: Cost savings initiatives generally include exit, disposal and other project costs outside of our restructuring programs, the Cadbury Integration Program and our other integration program costs. In 2013, we recorded a $20 million charge primarily within Latin America related to severance benefits provided to terminated employees and one-time charges and within North America related to supply chain reinvention team expenses.

Debt and Borrowing Arrangements

Debt and Borrowing Arrangements	12 Months Ended
	Dec. 31, 2015
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 December 31, 2015 2014 Amount Weighted- Amount Weighted- Outstanding Average Rate Outstanding Average Rate (in millions) (in millions) Commercial paper $ – 0.0% $ 1,101 0.4% Bank loans 236 9.5% 204 8.8% Total short-term borrowings $ 236 $ 1,305 Bank loans include borrowings on primarily uncommitted credit lines maintained by some of our international subsidiaries to meet short-term working capital needs. Borrowing Arrangements: We maintain a revolving credit facility for general corporate purposes, including working capital needs, and to support our commercial paper program. Our $4.5 billion multi-year senior unsecured revolving credit facility expires on October 11, 2018. The revolving credit agreement includes a covenant that we maintain a minimum shareholders’ equity of at least $24.6 billion, excluding accumulated other comprehensive earnings / (losses) and the cumulative effects of any changes in accounting principles. At December 31, 2015, we complied with the covenant as our shareholders’ equity as defined by the covenant was $38.0 billion. The revolving credit facility agreement also contains customary representations, covenants and events of default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security. As of December 31, 2015, no amounts were drawn on the facility. Some of our international subsidiaries maintain primarily uncommitted credit lines to meet short-term working capital needs. Collectively, these credit lines amounted to $1.9 billion at December 31, 2015 and $2.1 billion at December 31, 2014. Borrowings on these lines amounted to $236 million at December 31, 2015 and $204 million at December 31, 2014. Long-Term Debt: Our long-term debt consisted of (interest rates are as of December 31, 2015): As of December 31, 2015 2014 (in millions) U.S. dollar notes, 0.37% to 7.00% (weighted-average effective rate 4.75%), $ 8,371 $ 10,836 Euro notes, 1.08% to 2.55% (weighted-average effective rate 1.97%), due through 2035 4,305 3,911 Pound sterling notes, 3.88% to 7.25% (weighted-average effective rate 4.35%), due through 2045 1,399 573 Swiss franc notes, 0.00% to 1.125% (weighted-average effective rate 0.73%), due through 2025 1,075 – Capital leases and other obligations 12 31 Total 15,162 15,351 Less current portion of long-term debt (605 ) (1,530 ) Long-term debt $ 14,557 $ 13,821 Deferred debt issuance costs of $46 million as of December 31, 2015 and $44 million as of December 31, 2014 are netted against the related debt in the table above. As noted in Note 1, Summary of Significant Accounting Policies – New Accounting Pronouncements, As of December 31, 2015, aggregate maturities of our debt and capital leases based on stated contractual maturities, excluding unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments of $(70) million, were (in millions): 2016 2017 2018 2019 2020 Thereafter Total $1,755 $1,481 $1,110 $1,250 $827 $8,809 $15,232 On February 9, 2016, $1,750 million of our 4.125% U.S. dollar notes matured. The notes and accrued interest to date were paid with net proceeds from the fr € On January 26, 2016, we issued fr • fr • fr We received proceeds net of premiums and deferred financing costs of $398 million that were used to partially fund the February 2016 note maturity and for other general corporate purposes. We recorded approximately $1 million of premiums and deferred financing costs, which will be amortized into interest expense over the life of the notes. On January 21, 2016, we issued € On November 30, 2015, we completed a cash tender offer and retired £247 million of British pound sterling-denominated 7.250% notes, or approximately $372 million in U.S. dollars as of November 30, 2015, due in July 2018. We financed the repurchase of these notes, including the payment of accrued interest and other costs incurred, from net proceeds received from the £400 million British pound sterling-denominated notes issuance on November 25, 2015 described below. In connection with retiring this debt, during the three months ended December 31, 2015, we recorded a $40 million loss on extinguishment of debt within interest expense related to the amount we paid to retire the debt in excess of its carrying value and from recognizing unamortized premiums and deferred financing costs in earnings at the time of the debt extinguishment. Cash costs related to tendering the debt are included in long-term debt repayments in the consolidated statement of cash flows for the year ended December 31, 2015. On November 25, 2015, we issued £400 million of British pound sterling-denominated 4.500% notes, or $609 million in U.S. dollars locked in with a forward currency contract on November 19, 2015, that mature on December 3, 2035. We received proceeds net of discounts and deferred financing costs of $604 million that were used to fund the November 2015 cash tender offer and for other general corporate purposes. We recorded approximately $5 million of discounts and deferred financing costs, which will be amortized into interest expense over the life of the notes. On October 6, 2015 we issued fr • fr • fr We received proceeds net of premiums and deferred financing costs of $410 million that were used for general corporate purposes and to fund upcoming debt maturities. We recorded the fr On June 11, 2015, € On March 30, 2015, we issued fr • fr • fr • fr We received net proceeds of $675 million that were used for general corporate purposes. We recorded approximately $2 million of premiums and deferred financing costs, which will be amortized into interest expense over the life of the notes. On March 20, 2015, € On March 20, 2015, we completed a cash tender offer and retired $2.5 billion of our long-term U.S. dollar debt consisting of: • $102 million of our 6.500% Notes due in August 2017 • $115 million of our 6.125% Notes due in February 2018 • $80 million of our 6.125% Notes due in August 2018 • $691 million of our 5.375% Notes due in February 2020 • $201 million of our 6.500% Notes due in November 2031 • $26 million of our 7.000% Notes due in August 2037 • $71 million of our 6.875% Notes due in February 2038 • $69 million of our 6.875% Notes due in January 2039 • $1,143 million of our 6.500% Notes due in February 2040 We financed the repurchase of these notes, including the payment of accrued interest and other costs incurred, from net proceeds received from the $2.8 billion notes issuance on March 6, 2015 described below and the issuance of commercial paper. In connection with retiring this debt, during the first three months of 2015, we recorded a $708 million loss on extinguishment of debt within interest expense related to the amount we paid to retire the debt in excess of its carrying value and from recognizing unamortized discounts and deferred financing costs in earnings at the time of the debt extinguishment. Cash costs related to tendering the debt are included in long-term debt repayments in the consolidated statement of cash flows for the year ended December 31, 2015. We also recognized $5 million of charges within interest expense from hedging instruments related to the retired debt. Upon extinguishing the debt, the deferred cash flow hedge amounts were recorded in earnings. On March 6, 2015, we issued € • € • € • € • £450 million (or $667 million) of 3.875% fixed rate notes that mature on March 6, 2045 We received net proceeds of $2,890 million that were used to fund the March 2015 tender offer and for other general corporate purposes. We recorded approximately $29 million of discounts and deferred financing costs, which will be amortized into interest expense over the life of the notes. On December 11, 2014, £300 million of our 5.375% British pound sterling bonds matured. The bonds and accrued interest to date were paid with cash on hand and the issuance of commercial paper. On February 19, 2014, $500 million of our 6.75% U.S. dollar notes matured. The notes and accrued interest to date were paid with cash on hand and the issuance of commercial paper. On February 6, 2014, we completed a cash tender offer and retired $1.56 billion of our long-term U.S. dollar debt consisting of: • $393 million of our 7.000% Notes due in August 2037 • $382 million of our 6.875% Notes due in February 2038 • $250 million of our 6.875% Notes due in January 2039 • $535 million of our 6.500% Notes due in February 2040 We financed the repurchase of these notes, including the payment of accrued interest and other costs incurred, from net proceeds received from the $3.0 billion notes issuance on January 16, 2014. In connection with retiring this debt, during the first six months of 2014, we recorded a $493 million loss on extinguishment of debt within interest expense related to the amount we paid to retire the debt in excess of its carrying value and from recognizing unamortized discounts and deferred financing costs in earnings at the time of the debt extinguishment. Cash costs related to tending the debt are included in long-term debt repayments in the 2014 consolidated statement of cash flows. We also recognized $2 million in interest expense related to interest rate cash flow hedges that were deferred in accumulated other comprehensive losses and recognized into earnings over the life of the debt. Upon extinguishing the debt, the deferred cash flow hedge amounts were recorded in earnings. On January 16, 2014, we issued $3.0 billion of U.S. dollar notes, consisting of: • $400 million of floating rate notes that bear interest at three-month LIBOR plus 0.52% and mature on February 1, 2019 • $850 million of 2.250% fixed rate notes that mature on February 1, 2019 • $1,750 million of 4.000% fixed rate notes that mature on February 1, 2024 We received net proceeds of $2,982 million that were used to fund the February 2014 tender offer, pay down commercial paper borrowings and for other general corporate purposes. We recorded approximately $18 million of discounts and deferred financing costs, which will be amortized into interest expense over the life of the notes. Our weighted-average interest rate on our total debt was 3.7% as of December 31, 2015, down from 4.3%, as of December 31, 2014. Fair Value of Our Debt: The fair value of our short-term borrowings at December 31, 2015 and 2014 reflects current market interest rates and approximates the amounts we have recorded on our consolidated balance sheet. 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 December 31, 2015, the aggregate fair value of our total debt was $15,908 million and its carrying value was $15,398 million. At December 31, 2014, the aggregate fair value of our total debt was $18,463 million and its carrying value was $16,656 million. Interest and Other Expense, net: Interest and other expense, net within our results of continuing operations consisted of: For the Years Ended December 31, 2015 2014 2013 (in millions) Interest expense, debt $ 609 $ 778 $ 1,017 Loss on debt extinguishment and related expenses 753 495 612 Coffee business transactions currency-related net gains (436 ) (628 ) – Loss related to interest rate swaps 34 – – Benefit from indemnification resolution – – (49 ) Other expense / (income), net 53 43 (1 ) Interest and other expense, net $ 1,013 $ 688 $ 1,579 See Note 2, Divestitures and Acquisitions, Financial Instruments, Financial Instruments Commitments and Contingencies,

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2015
Financial Instruments	Note 9. Financial Instruments Fair Value of Derivative Instruments: Derivative instruments were recorded at fair value in the consolidated balance sheets as follows: As of December 31, 2015 2014 Asset Liability Asset Liability Derivatives Derivatives Derivatives Derivatives (in millions) Derivatives designated as accounting hedges: Currency exchange contracts $ 20 $ 7 $ 69 $ 17 Commodity contracts 37 35 12 33 Interest rate contracts 12 57 13 42 $ 69 $ 99 $ 94 $ 92 Derivatives not designated as accounting hedges: Currency exchange contracts $ 61 $ 33 $ 735 $ 24 Commodity contracts 70 56 90 194 Interest rate contracts 43 28 59 39 $ 174 $ 117 $ 884 $ 257 Total fair value $ 243 $ 216 $ 978 $ 349 During 2015 and 2014, derivatives designated as accounting hedges include cash flow and fair value hedges and derivatives not designated as accounting hedges include economic hedges. Non-U.S. debt designated as a hedge of our net investments in non-U.S. operations is not reflected in the table above, but is included in long-term debt summarized in Note 8, Debt and Borrowing Arrangements The fair values (asset / (liability)) of our derivative instruments were determined using: As of December 31, 2015 Quoted Prices in Active Markets Significant Significant Total for Identical Other Observable Unobservable Fair Value of Net Assets Inputs Inputs Asset / (Liability) (Level 1) (Level 2) (Level 3) (in millions) Currency exchange contracts $ 41 $ – $ 41 $ – Commodity contracts 16 29 (13 ) – Interest rate contracts (30 ) – (30 ) – Total derivatives $ 27 $ 29 $ (2 ) $ – As of December 31, 2014 Quoted Prices in Active Markets Significant Significant Total for Identical Other Observable Unobservable Fair Value of Net Assets Inputs Inputs Asset / (Liability) (Level 1) (Level 2) (Level 3) (in millions) Currency exchange contracts $ 763 $ – $ 763 $ – Commodity contracts (125 ) (49 ) (76 ) – Interest rate contracts (9 ) – (9 ) – Total derivatives $ 629 $ (49 ) $ 678 $ – 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. Our exchange-traded derivatives are generally subject to master netting arrangements that permit net settlement of transactions with the same counterparty when certain criteria are met, such as in the event of default. We also are required to maintain cash margin accounts in connection with funding the settlement of our open positions, and the margin requirements generally fluctuate daily based on market conditions. We have recorded margin deposits related to our exchange-traded derivatives of $22 million as of December 31, 2015 and $84 million as of December 31, 2014 within other current assets. Based on our net asset or liability positions with individual counterparties, in the event of default and immediate net settlement of all of our open positions, for derivatives we have in a net liability position, we would owe $3 million as of December 31, 2014, and for derivatives we have in a net asset position, our counterparties would owe us a total of $52 million as of December 31, 2015 and $38 million as of December 31, 2014. 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 commodity and currency exchange OTC derivatives do not have a legal right of set-off. In connection with our OTC derivatives that could be net-settled in the event of default, assuming all parties were to fail to comply with the terms of the agreements, for derivatives we have in a net liability position, we would owe $101 million as of December 31, 2015 and $156 million as of December 31, 2014, and for derivatives we have in a net asset position, our counterparties would owe us a total of $64 million as of December 31, 2015 and $72 million as of December 31, 2014. We manage the credit risk in connection with these and all our derivatives by entering into transactions with counterparties with investment grade credit ratings, limiting the amount of exposure with each counterparty and monitoring the financial condition of our counterparties. Derivative Volume: The net notional values of our derivative instruments were: Notional Amount As of December 31, 2015 2014 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ 4,148 $ 3,640 Forecasted transactions 1,094 6,681 Commodity contracts 732 1,569 Interest rate contracts 3,033 3,970 Net investment hedge – euro notes 4,345 3,932 Net investment hedge – pound sterling notes 1,404 545 Net investment hedge – Swiss franc notes 1,073 – Cash Flow Hedges: Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings / (losses) included: For the Years Ended December 31, 2015 2014 2013 (in millions) Accumulated gain / (loss) at January 1 $ (2 ) $ 117 $ (38 ) Transfer of realized losses / (gains) to earnings – (40 ) 53 Unrealized gain / (loss) in fair value (43 ) (79 ) 102 Accumulated gain / (loss) at December 31 $ (45 ) $ (2 ) $ 117 After-tax gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into net earnings were: For the Years Ended December 31, 2015 2014 2013 (in millions ) Currency exchange contracts – forecasted transactions $ 83 $ 26 $ (26 ) Commodity contracts (52 ) 16 (23 ) Interest rate contracts (31 ) (2 ) (4 ) Total $ – $ 40 $ (53 ) After-tax gains / (losses) recognized in other comprehensive earnings / (losses) were: For the Years Ended December 31, 2015 2014 2013 (in millions) Currency exchange contracts – forecasted transactions $ 40 $ 82 $ (23 ) Commodity contracts (35 ) (2 ) 3 Interest rate contracts (48 ) (159 ) 122 Total $ (43 ) $ (79 ) $ 102 Pre-tax gains / (losses) on ineffectiveness recognized in net earnings from continuing operations were: For the Years Ended December 31, 2015 2014 2013 (in millions) Commodity contracts $ (4 ) $ (10 ) $ 1 Pre-tax gains / (losses) on amounts excluded from effectiveness testing recognized in net earnings from continuing operations included a pre-tax loss of $34 million recognized in the first quarter of 2015 within interest and other expense, net related to certain U.S. dollar interest rate swaps that we no longer designated as accounting cash flow hedges due to a change in financing and hedging plans. Our plans to issue U.S. dollar debt changed and we issued euro, British pound sterling and Swiss franc-denominated notes due to lower overall cost and our decision to hedge a greater portion of our net investments in operations that use these currencies as their functional currencies. Amounts excluded from effectiveness testing were not material for the remainder of 2015 and prior-year periods. In January 2016, we recorded a pre-tax loss of $97 million within interest and other expense, net related to certain U.S. dollar interest rate swaps that we no longer designated as accounting cash flow hedges due to a change in financing and hedging plans. In the first quarter of 2016, our plans to issue U.S. dollar debt changed and we issued euro and Swiss franc-denominated notes due to lower overall cost and our decision to hedge a greater portion of our net investments in operations that use these currencies as their functional currencies. We record pre-tax and after-tax (i) gains or losses reclassified from accumulated other comprehensive earnings / (losses) into earnings, (ii) gains or losses on ineffectiveness and (iii) gains or losses on amounts excluded from effectiveness testing in: • cost of sales for commodity contracts; • cost of sales for currency exchange contracts related to forecasted transactions; and • interest and other expense, net for interest rate contracts and currency exchange contracts related to intercompany loans. Based on current market conditions, we would expect to transfer unrealized losses of $17 million (net of taxes) for commodity cash flow hedges, unrealized gains of $8 million (net of taxes) for currency cash flow hedges and unrealized losses of $3 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months. Hedge Coverage: As of December 31, 2015, we hedged transactions forecasted to impact cash flows over the following periods: • commodity transactions for periods not exceeding the next 12 months; • interest rate transactions for periods not exceeding the next 30 years and 2 months; and • currency exchange transactions for periods not exceeding the next 12 months. Fair Value Hedges: Pre-tax gains / (losses) due to changes in fair value of our interest rate swaps and related hedged long-term debt were recorded in interest and other expense, net: For the Years Ended December 31, 2015 2014 2013 (in millions) Derivatives $ (1 ) $ 13 $ – Borrowings 1 (13 ) – Fair value hedge ineffectiveness and amounts excluded from effectiveness testing were not material for all periods presented. Economic Hedges: Pre-tax gains / (losses) recorded in net earnings for economic hedges were: For the Years Ended December 31, Location of 2015 2014 2013 in Earnings (in millions) Currency exchange contracts: Intercompany loans and $ 29 $ 4 $ 18 Interest and other Forecasted transactions 29 29 65 Cost of sales Forecasted transactions 435 610 9 Interest and other Forecasted transactions (12 ) (4 ) 4 Selling, general Commodity contracts (38 ) (136 ) (40 ) Cost of sales Total $ 443 $ 503 $ 56 In connection with the coffee business transactions, we entered into a number of consecutive euro to U.S. dollar currency exchange forward contracts in 2014 and 2015 to lock in an equivalent expected value in U.S. dollars. The mark-to-market gains and losses on the derivatives were recorded in earnings. We recorded net gains of $436 million for the year ended December 31, 2015 and $628 million for the year ended December 31, 2014 within interest and other expense, net in connection with the forward contracts and the transferring of proceeds to our subsidiaries where coffee net assets and shares were deconsolidated. The currency hedge and related gains and losses were recorded within interest and other expense, net. See Note 2, Divestitures and Acquisitions — Coffee Business Transactions 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, pound sterling and Swiss franc-denominated debt were: Location of For the Years Ended December 31, Gain / (Loss) 2015 2014 2013 Recognized in AOCI (in millions) Euro notes $ 268 $ 328 $ (50 ) Currency Pound sterling notes 42 39 (13 ) Translation Swiss franc notes 9 – – Adjustment

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2015
Benefit Plans	Note 10. Benefit Plans Pension Plans Prior to the July 2, 2015 closing of the coffee business transactions, certain active employees who transitioned to JDE participated in our Non-U.S. pension plans. Following the transactions, benefits began to be provided directly by JDE to participants continuing with JDE. JDE assumed certain pension plan obligations and received the related plan assets. Through December 31, 2015, we reduced our net benefit plan liabilities by $131 million and the related deferred tax assets by $24 million. Refer to Note 2, Divestitures and Acquisitions – Coffee Business Transactions Obligations and Funded Status: The projected benefit obligations, plan assets and funded status of our pension plans were: U.S. Plans Non-U.S. Plans 2015 2014 2015 2014 (in millions) Benefit obligation at January 1 $ 1,606 $ 1,266 $ 10,854 $ 9,920 Service cost 64 57 188 184 Interest cost 67 67 307 388 Benefits paid (35 ) (20 ) (435 ) (446 ) Settlements paid (88 ) (52 ) 1 – Actuarial (gains) / losses (49 ) 266 (262 ) 1,604 Deconsolidation of coffee business – – (261 ) – Currency – – (766 ) (949 ) Other 1 22 (79 ) 153 Benefit obligation at December 31 1,566 1,606 9,547 10,854 Fair value of plan assets at January 1 1,216 1,118 8,362 8,122 Actual return on plan assets (71 ) 159 192 971 Contributions 225 11 318 353 Benefits paid (35 ) (20 ) (435 ) (446 ) Settlements paid (88 ) (52 ) – – Deconsolidation of coffee business – – (130 ) – Currency – – (579 ) (681 ) Other – – (7 ) 43 Fair value of plan assets at December 31 1,247 1,216 7,721 8,362 Net pension liability at December 31 $ (319 ) $ (390 ) $ (1,826 ) $ (2,492 ) The accumulated benefit obligation, which represents benefits earned to the measurement date, was $1,463 million at December 31, 2015 and $1,474 million at December 31, 2014 for the U.S. pension plans. The accumulated benefit obligation for the non-U.S. pension plans was $9,267 million at December 31, 2015 and $10,462 million at December 31, 2014. For salaried and non-union hourly employees hired after January 1, 2009, we discontinued benefits under our U.S. pension plans and replaced them with an enhanced Company contribution to our employee defined contribution plan. Effective December 31, 2019, benefit accruals will cease under the U.S. non-union pension plan. For non-union employees participating in that plan on December 31, 2019, we will calculate the pension benefit obligation based on pay and service as of that date and no longer accrue new benefits. The combined U.S. and non-U.S. pension plans resulted in a net pension liability of $2,145 million at December 31, 2015 and $2,882 million at December 31, 2014. We recognized these amounts in our consolidated balance sheets as follows: As of December 31, 2015 2014 (in millions) Prepaid pension assets $ 69 $ 53 Other accrued liabilities (31 ) (23 ) Accrued pension costs (2,183 ) (2,912 ) $ (2,145 ) $ (2,882 ) Certain of our U.S. and non-U.S. plans are underfunded and have accumulated benefit obligations in excess of plan assets. For these plans, the projected benefit obligations, accumulated benefit obligations and the fair value of plan assets were: U.S. Plans Non-U.S. Plans As of December 31, As of December 31, 2015 2014 2015 2014 (in millions) Projected benefit obligation $ 1,566 $ 1,606 $ 8,139 $ 10,108 Accumulated benefit obligation 1,463 1,474 7,920 9,763 Fair value of plan assets 1,247 1,216 6,252 7,576 We used the following weighted-average U.S. Plans Non-U.S. Plans As of December 31, As of December 31, 2015 2014 2015 2014 Discount rate 4.50% 4.20% 3.11% 2.99% Expected rate of return on plan assets 6.75% 7.25% 5.87% 5.96% Rate of compensation increase 4.00% 4.00% 3.18% 3.26% Year-end discount rates for our U.S., Canadian, Eurozone and U.K. plans were developed from a model portfolio of high quality, fixed-income At the end of 2015, we changed the approach used to measure service and interest costs for pension benefits. For 2015, we measured service and interest costs utilizing a single weighted-average discount rate derived from the yield curve used to measure the plan obligations. For 2016, we have elected to measure service and interest costs by applying the specific spot rates along that yield curve to the plans’ liability cash flows. We believe the new approach provides a more precise measurement of service and interest costs by aligning the timing of the plans’ liability cash flows to the corresponding spot rates on the yield curve. This change does not affect the measurement of our plan obligations. We have accounted for this change as a change in accounting estimate and, accordingly, have accounted for it on a prospective basis. Components of Net Periodic Pension Cost: Net periodic pension cost consisted of the following: U.S. Plans Non-U.S. Plans For the Years Ended December 31, For the Years Ended December 31, 2015 2014 2013 2015 2014 2013 (in millions) (in millions) Service cost $ 64 $ 57 $ 71 $ 188 $ 184 $ 172 Interest cost 67 67 60 307 388 358 Expected return on plan assets (93 ) (81 ) (67 ) (478 ) (485 ) (435 ) Amortization: Net loss from experience 43 29 55 141 106 136 Prior service cost (1) 2 2 2 15 – 1 Settlement losses and (2) 19 28 1 2 14 3 Net periodic pension cost $ 102 $ 102 $ 122 $ 175 $ 207 $ 235 (1) For the year ended December 31, 2015, amortization of prior service cost includes $17 million of pension curtailment losses related to employees who transitioned to JDE upon the contribution of our global coffee business. Refer to Note 2, Divestitures and Acquisitions – Coffee Business Transactions (2) Settlement losses include $9 million for year ended December 31, 2015 and $12 million for the year ended December 31, 2014 of pension settlement losses for employees who elected lump-sum payments in connection with our 2014-2018 Restructuring Program. Retired employees who elected lump-sum payments resulted in net settlement losses in 2015 of $10 million for our U.S. plans and $2 million for our non-U.S. plans. Employees who elected lump-sum payments in connection with our 2012-2014 Restructuring Program and cost saving initiatives and retired employees who elected lump-sum payments resulted in net settlement losses for our U.S. plans of $28 million in 2014 and $1 million in 2013. Non-U.S. plant closures and early retirement benefits resulted in curtailment and settlement losses of $2 million in 2013. In addition, we incurred special termination benefit costs of $2 million in 2014 and $1 million in 2013 in the non-U.S. plans related to the 2012-2014 Restructuring Program. See Note 6, Restructuring Programs , Divestitures and Acquisitions – Coffee Business Transactions For the U.S. plans, we determine the expected return on plan assets component of net periodic benefit cost using a calculated market return value that recognizes the cost over a four year period. For our non-U.S. plans, we utilize a similar approach with varying cost recognition periods for some plans, and with others, we determine the expected return on plan assets based on asset fair values as of the measurement date. As of December 31, 2015, for the combined U.S. and non-U.S. pension plans, we expected to amortize from accumulated other comprehensive earnings / (losses) into net periodic pension cost during 2016: • an estimated $166 million of net loss from experience differences; and • $1 million of estimated prior service credit. We used the following weighted-average U.S. Plans Non-U.S. Plans For the Years Ended December 31, For the Years Ended December 31, 2015 2014 2013 2015 2014 2013 Discount rate 4.20% 5.10% 4.20% 2.99% 4.03% 3.81% Expected rate of return on 7.25% 7.75% 7.75% 5.96% 6.17% 6.08% Rate of compensation increase 4.00% 4.00% 4.00% 3.26% 3.63% 3.47% Plan Assets: The fair value of pension plan assets was determined using the following fair value measurements: As of December 31, 2015 Quoted Prices Significant Asset Category Total Fair in Active Markets Other (Level 2) Significant (Level 3) (in millions) U.S. equity securities $ 2 $ 2 $ – $ – Non-U.S. equity securities 413 413 – – Pooled funds - equity securities 2,411 569 1,842 – Total equity securities 2,826 984 1,842 – Government bonds 1,788 53 1,735 – Pooled funds - fixed-income securities 1,182 311 759 112 Corporate bonds and other fixed-income securities 1,691 325 701 665 Total fixed-income securities 4,661 689 3,195 777 Real estate 477 115 7 355 Hedge funds 499 – – 499 Private equity 204 – – 204 Cash 140 137 3 – Other 95 55 36 4 Total $ 8,902 $ 1,980 $ 5,083 $ 1,839 As of December 31, 2014 Quoted Prices Significant Asset Category Total Fair in Active Markets Other (Level 2) Significant (Level 3) (in millions) U.S. equity securities $ 124 $ 124 $ – $ – Non-U.S. equity securities 698 698 – – Pooled funds - equity securities 2,192 538 1,654 – Total equity securities 3,014 1,360 1,654 – Government bonds 2,283 234 2,049 – Pooled funds - fixed-income securities 1,151 311 743 97 Corporate bonds and other fixed-income securities 1,174 314 111 749 Total fixed-income securities 4,608 859 2,903 846 Real estate 406 110 4 292 Hedge funds 829 – – 829 Private equity 237 – – 237 Cash 253 246 7 – Other 157 124 30 3 Total $ 9,504 $ 2,699 $ 4,598 $ 2,207 We excluded plan assets of $66 million at December 31, 2015 and $74 million at December 31, 2014 from the above tables related to certain insurance contracts as they are reported at contract value, in accordance with authoritative guidance. Fair value measurements: • Level 1 – includes primarily U.S and non-U.S. equity securities and government bonds valued using quoted prices in active markets. • Level 2 – includes primarily pooled funds, including assets in real estate pooled funds, valued using net asset values of participation units held in common collective trusts, as reported by the managers of the trusts and as supported by the unit prices of actual purchase and sale transactions. Level 2 plan assets also include corporate bonds and other fixed-income securities, valued using independent observable market inputs, such as matrix pricing, yield curves and indices. • Level 3 – includes investments valued using unobservable inputs that reflect the plans’ assumptions that market participants would use in pricing the assets, based on the best information available. • Fair value estimates for pooled funds are calculated by the investment advisor when reliable quotations or pricing services are not readily available for certain underlying securities. The estimated value is based on either cost, or last sale price for most of the securities valued in this fashion. • Fair value estimates for private equity investments are calculated by the general partners using the market approach to estimate the fair value of private investments. The market approach utilizes prices and other relevant information generated by market transactions, type of security, degree of liquidity, restrictions on the disposition, latest round of financing data, company financial statements, relevant valuation multiples and discounted cash flow analyses. • Fair value estimates for real estate investments are calculated by the investment managers using the present value of future cash flows expected to be received from the investments, based on valuation methodologies such as appraisals, local market conditions, and current and projected operating performance. • Fair value estimates for investments in hedge fund-of-funds are calculated by the investment managers using the net asset value per share of the investment as reported by the money managers of the underlying funds. • Fair value estimates for certain fixed-income securities such as insurance contracts are calculated based on the future stream of benefit payments discounted using prevailing interest rates based on the valuation date. Changes in our Level 3 plan assets, which are recorded in other comprehensive earnings / (losses), included: Asset Category January 1, Balance Net Realized Net Purchases, Net Transfers Currency December 31, (in millions) Pooled funds- fixed-income securities $ 97 $ (1 ) $ 25 $ (3 ) $ (6 ) $ 112 Corporate bond and other fixed-income securities 749 4 (50 ) – (38 ) 665 Real estate 292 19 61 – (17 ) 355 Hedge funds 829 13 (312 ) – (31 ) 499 Private equity 240 17 (36 ) (1 ) (12 ) 208 Total Level 3 investments $ 2,207 $ 52 $ (312 ) $ (4 ) $ (104 ) $ 1,839 Asset Category January 1, Balance Net Realized and Unrealized Net Purchases, Net Transfers Currency Impact December 31, (in millions) Pooled funds- fixed-income securities $ 15 $ (15 ) $ 15 $ 87 $ (5 ) $ 97 Corporate bond and other fixed-income securities 780 80 (64 ) – (47 ) 749 Real estate 267 37 (2 ) 10 (20 ) 292 Hedge funds 820 40 20 – (51 ) 829 Private equity 227 45 (19 ) 2 (15 ) 240 Total Level 3 investments $ 2,109 $ 187 $ (50 ) $ 99 $ (138 ) $ 2,207 The decreases in Level 3 pension plan investments during 2015 were primarily due to net settlements in hedge funds and the effects of currency. The increases in Level 3 pension plan investments during 2014 were primarily due to unrealized net gains across most of the Level 3 asset categories and net transfers into pooled funds-fixed income securities offset by the effects of currency. The percentage of fair value of pension plan assets was: U.S. Plans Non-U.S. Plans As of December 31, As of December 31, Asset Category 2015 2014 2015 2014 Equity securities 32% 45% 32% 30% Fixed-income securities 65% 52% 50% 48% Real estate 3% 3% 6% 4% Hedge funds – – 7% 10% Private equity – – 3% 3% Cash – – 1% 3% Other – – 1% 2% Total 100% 100% 100% 100% For our U.S. plans, our investment strategy is to reduce the risk of underfunded plans in part through appropriate asset allocation within our plan assets. We attempt to maintain our target asset allocation by rebalancing between asset classes as we make contributions and monthly benefit payments. Due to the nature and timing of our expected pension liabilities, in the first quarter of 2015, we strategically reduced the risk level of the investment portfolio by lowering our target allocation for equity securities (including investments in real estate) to 35% and increasing the fixed-income allocation target to 65%. The strategy involves using indexed U.S. equity and international equity securities and actively managed U.S. investment grade fixed-income securities (which constitute 95% or more of fixed-income securities) with smaller allocations to high yield fixed-income securities. For our non-U.S. plans, the investment strategy is subject to local regulations and the asset / liability profiles of the plans in each individual country. In aggregate, the asset allocation targets of our non-U.S. plans are broadly characterized as a mix of approximately 37% equity securities (including investments in real estate), approximately 50% fixed-income securities and approximately 13% other alternative securities. Our investment strategy for our largest non-U.S. plan, which comprises 51% of our non-U.S. pension assets, is designed to balance risk and return by diversifying across a wide range of return-seeking and liability matching assets, invested in a range of both active and passive mandates. We target an allocation of approximately 15% in equity securities, 19% credit, 12% private markets, 17% other diversifying assets, and 37% liability matching assets. The strategy uses indexed global developed equities, actively managed global investment grade and alternative credit, global private equity and real estate, other diversifying assets including hedge funds, and other liability matching assets including a buy-in annuity policy. Employer Contributions: In 2015, we contributed $225 million to our U.S. pension plans and $302 million to our non-U.S. pension plans. In addition, employees contributed $16 million to our non-U.S. plans. We make contributions to our U.S. and non-U.S. pension plans primarily to the extent that they are tax deductible and do not generate an excise tax liability. In 2016, we estimate that our pension contributions will be $170 million to our U.S. plans and $279 million to our non-U.S. plans based on current tax laws. Of the total 2016 pension contributions, $150 million is expected to be voluntary. 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, or other factors. Future Benefit Payments: The estimated future benefit payments from our pension plans at December 31, 2015 were (in millions): Year ending: 2016 2017 2018 2019 2020 2021-2025 U.S. Plans $ 91 $ 84 $ 95 $ 105 $ 109 $ 562 Non-U.S. Plans $ 401 $ 403 $ 410 $ 423 $ 435 $ 2,352 Multiemployer Pension Plans: We made contributions to multiemployer pension plans of $31 million in 2015, $32 million in 2014 and $32 million in 2013. These plans provide pension benefits to retirees under certain collective bargaining agreements. The following is the only individually significant multiemployer plan we participate in as of December 31, 2015: Expiration Date Pension FIP / RP of Collective- EIN / Pension Protection Act Status Pending / Surcharge Bargaining Pension Fund Plan Number Zone Status Implemented Imposed Agreements Bakery, Confectionery, Tobacco Workers and Grain Miller International Pension Fund 526118572 Red Implemented Yes 2/29/2016 Our contributions exceeded 5% of total contributions to the Bakery, Confectionery, Tobacco Workers and Grain Millers International Pension Fund (the “Fund”) for fiscal years 2015, 2014 and 2013. Our contributions to the Fund were $27 million in 2015, $25 million in 2014 and $26 million in 2013. Our contribution to the Fund is based on our contribution rates under our collective bargaining agreements, the number of our eligible employees and Fund surcharges. Our collective bargaining agreements with the Fund, under which we are obligated to make contributions to the Fund, expire during 2016. These current collective bargaining agreements obligate us to contribute approximately $30 million to the Pension Fund on an annual basis, including 2016. The Fund’s actuarial valuation has been completed and the zone status was changed to “Red” in 2012. As a result of this certification, we are being charged a 10% surcharge on our contribution rates. Our expected future contributions include the surcharge. The Fund adopted a rehabilitation plan on November 7, 2012 that requires contribution increases and reduction to benefit provisions. Our contributions to other multiemployer pension plans that were not individually significant were $4 million in 2015, $7 million in 2014 and $6 million in 2013. Other Costs: We sponsor and contribute to employee defined contribution plans. These plans cover eligible salaried, non-union and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense in continuing operations for defined contribution plans totaled $45 million in 2015, $46 million in 2014 and $66 million in 2013. Postretirement Benefit Plans Obligations: Our postretirement health care plans are not funded. The changes in and the amount of the accrued benefit obligation were: As of December 31, 2015 2014 (in millions) Accrued benefit obligation at January 1 $ 538 $ 422 Service cost 15 13 Interest cost 22 22 Benefits paid (10 ) (9 ) Currency (22 ) (11 ) Assumption changes (30 ) 75 Actuarial (gains) / losses (2 ) 14 Other – 12 Accrued benefit obligation at December 31 $ 511 $ 538 The current portion of our accrued postretirement benefit obligation of $11 million at December 31, 2015 and 2014 was included in other accrued liabilities. We used the following weighted-average U.S. Plans Non-U.S. Plans As of December 31, As of December 31, 2015 2014 2015 2014 Discount rate 4.60% 4.20% 4.77% 4.52% Health care cost trend rate 6.50% 6.50% 5.37% 5.18% Ultimate trend rate 5.00% 5.00% 5.55% 5.53% Year that the rate reaches the 2020 2018 2018 2018 Year-end discount rates for our U.S., Canadian and U.K. plans were developed from a model portfolio of high quality, fixed-income At the end 2015, we changed the approach used to measure service and interest costs for other postretirement benefits. For 2015, we measured service and interest costs utilizing a single weighted-average discount rate derived from the yield curve used to measure the plan obligations. For 2016, we elected to measure service and interest costs by applying the specific spot rates along that yield curve to the plans’ liability cash flows. We believe the new approach provides a more precise measurement of service and interest costs by aligning the timing of the plans’ liability cash flows to the corresponding spot rates on the yield curve. This change does not affect the measurement of our plan obligations. We have accounted for this change as a change in accounting estimate and, accordingly, have accounted for it on a prospective basis. Assumed health care cost trend rates have a significant impact on the amounts reported for the health care plans. A one-percentage-point As of December 31, 2015 One-Percentage-Point Increase Decrease (in millions) Effect on postretirement benefit obligation $ 88 $ (69 ) Effect on annual service and interest cost 7 (6 ) Components of Net Periodic Postretirement Health Care Costs: Net periodic postretirement health care costs consisted of the following: For the Years Ended December 31, 2015 2014 2013 (in millions) Service cost $ 15 $ 13 $ 15 Interest cost 22 22 20 Amortization: Net loss from experience differences 13 5 12 Prior service credit (7 ) (10 ) (12 ) Net periodic postretirement health care costs $ 43 $ 30 $ 35 As of December 31, 2015, we expected to amortize from accumulated other comprehensive earnings / (losses) into pre-tax net periodic postretirement health care costs during 2016: • an estimated $9 million of net loss from experience differences, and • an estimated $7 million of prior service credit. We used the following weighted-average U.S. Plans Non-U.S. Plans For the Years Ended December 31, For the Years Ended December 31, 2015 2014 2013 2015 2014 2013 Discount rate 4.20% 5.10% 4.20% 4.52% 5.17% 4.39% Health care cost trend rate 6.50% 7.00% 7.50% 5.18% 5.11% 6.47% Future Benefit Payments: Our estimated future benefit payments for our postretirement health care plans at December 31, 2015 were (in millions): Year ending: 2016 2017 2018 2019 2020 2021-2025 U.S. Plans $8 $9 $10 $12 $13 $85 Non-U.S. Plans $5 $5 $5 $6 $6 $33 Other Costs: We made contributions to multiemployer medical plans totaling $20 million in 2015, $18 million in 2014 and $18 million in 2013. These plans provide medical benefits to active employees and retirees under certain collective bargaining agreements. Postemployment Benefit Plans Obligations: Our postemployment plans are primarily not funded. The changes in and the amount of the accrued benefit obligation at December 31, 2015 and 2014 were: 2015 2014 (in millions) Accrued benefit obligation at January 1 $ 94 $ 103 Service cost 7 9 Interest cost 5 6 Benefits paid (7 ) (17 ) Assumption changes (3 ) 2 Actuarial losses (1 ) (9 ) Accrued benefit obligation at December 31 $ 95 $ 94 The accrued benefit obligation was determined using a weighted-average discount rate of 6.2% in 2015 and 5.6% in 2014, an assumed weighted-average ultimate annual turnover rate of 0.3% in 2015 and 2014, assumed compensation cost increases of 4.0% in 2015 and 2014 and assumed benefits as defined in the respective plans. Postemployment costs arising from actions that offer employees benefits in excess of those specified in the respective plans are charged to expense when incurred. Components of Net Periodic Postemployment Costs: Net periodic postemployment costs consisted of the following: For the Years Ended December 31, 2015 2014 2013 (in millions) Service cost $ 7 $ 9 $ 8 Interest cost 5 6 5 Amortization of net gains – – (1 ) Other – – (1 ) Net periodic postemployment costs $ 12 $ 15 $ 11 As of December 31, 2015, the estimated net gain for the postemployment benefit plans that we expected to amortize from accumulated other comprehensive earnings / (losses) into net periodic postemployment costs during 2016 was insignificant.

Stock Plans

Stock Plans	12 Months Ended
	Dec. 31, 2015
Stock Plans	Note 11. Stock Plans On May 21, 2014, our shareholders approved the Amended and Restated 2005 Performance Incentive Plan (the “2005 Plan”). Under the amended plan, we make grants to non-employee directors under the 2005 Plan, and we no longer make any grants under the Amended and Restated 2006 Stock Compensation Plan for Non-Employee Directors (the “2006 Directors Plan”). We also increased the number of shares available for issuance under the 2005 Plan by 75.7 million, which includes the shares remaining available for issuance under the 2006 Directors Plan as of March 14, 2014. Under the 2005 Plan, we are authorized to issue a maximum of 243.7 million shares of our Common Stock. We may not make any grants under the 2005 Plan after May 21, 2024. As of December 31, 2015, there were 81.8 million shares available to be granted under the 2005 Plan. In connection with the Spin-Off and divestiture of Kraft Foods Group, under the provisions of our existing plans, employee stock option and restricted stock and deferred stock unit grants were adjusted to preserve the fair value of the awards immediately before and after the Spin-Off. As such, we did not record any incremental compensation expense related to the conversion of the awards. In connection with the stock awards held by our respective employees at the time of the Spin-Off, we collected a $55 million cash net settlement for the awards from Kraft Foods Group in March 2013. Stock Options: Stock options (including stock appreciation rights) are granted at an exercise price equal to the market value of the underlying stock on the grant date, generally become exercisable in three annual installments beginning on the first anniversary of the grant date and have a maximum term of ten years. We account for our employee stock options under the fair value method of accounting using a Black-Scholes Our weighted-average Black-Scholes fair value assumptions were: Risk-Free Expected Life Expected Volatility Expected Fair Value 2015 1.70% 6 years 18.51% 1.61% $ 6.12 2014 1.87% 6 years 21.48% 1.64% $ 6.60 2013 1.15% 6 years 20.36% 1.94% $ 4.31 The risk-free interest rate represents the constant maturity U.S. government treasuries rate with a remaining term equal to the expected life of the options. The expected life is the period over which our employees are expected to hold their options. Volatility reflects historical movements in our stock price for a period commensurate with the expected life of the options. The dividend yield reflects the dividend yield in place at the time of the historical grants. Stock option activity is reflected below: Weighted- Average Average Shares Subject Exercise or Remaining Aggregate to Option Per Share Term Value Balance at January 1, 2013 52,753,039 $ 20.45 $ 264 million Annual grant to eligible employees 11,644,280 27.05 Additional options issued 762,512 29.69 Total options granted 12,406,792 27.21 Options exercised (1) (7,185,616 ) 19.41 $ 79 million Options cancelled (2,190,776 ) 23.86 Balance at December 31, 2013 55,783,439 21.96 $ 744 million Annual grant to eligible employees 9,919,810 34.17 Additional options issued 500,250 33.65 Total options granted 10,420,060 34.14 Options exercised (1) (8,076,550 ) 20.85 $ 125 million Options cancelled (1,695,398 ) 27.65 Balance at December 31, 2014 56,431,551 24.19 $ 685 million Annual grant to eligible employees 8,899,530 36.94 Additional options issued 901,340 35.84 Total options granted 9,800,870 36.84 Options exercised (1) (6,444,515 ) 22.94 $ 108 million Options cancelled (2,753,798 ) 32.35 Balance at December 31, 2015 57,034,108 26.12 6 years $ 229 million Exercisable at December 31, 2015 38,658,921 22.33 5 years $ 870 million (1) Cash received from options exercised was $148 million in 2015, $168 million in 2014 and $139 million in 2013. The actual tax benefit realized for the tax deductions from the option exercises totaled $58 million in 2015, $29 million in 2014 and $14 million in 2013. Restricted Stock, Deferred Stock Units and Performance Share Units: We may grant shares of restricted stock or deferred stock units to eligible employees, giving them, in most instances, all of the rights of shareholders, except that they may not sell, assign, pledge or otherwise encumber the shares and our deferred stock units do not have voting rights until vested. Shares of restricted stock and deferred stock units are subject to forfeiture if certain employment conditions are not met. Restricted stock and deferred stock units generally vest on the third anniversary of the grant date. Beginning in 2016, we will only grant deferred stock units and no longer grant restricted stock. Performance share units granted under our 2005 Plan vest based on varying performance, market and service conditions. The unvested performance share units have no voting rights and do not pay dividends. Dividend equivalents accumulated over the vesting period are paid only after the performance share units vest. The fair value of the restricted stock, deferred stock units and performance share units at the date of grant is amortized to earnings over the restriction period. We recorded compensation expense related to restricted stock, deferred stock units and performance share units of $86 million in 2015, $94 million in 2014 and $94 million in 2013 in our results from continuing operations. The deferred tax benefit recorded related to this compensation expense was $24 million in 2015, $26 million in 2014 and $28 million in 2013. The unamortized compensation expense related to our restricted stock, deferred stock units and performance share units was $138 million at December 31, 2015 and is expected to be recognized over a weighted-average period of 2 years. Our restricted stock, deferred stock unit and performance share unit activity is reflected below: Weighted-Average Weighted-Average Number Fair Value Aggregate of Shares Grant Date Per Share Fair Value Balance at January 1, 2013 12,815,911 $ 21.55 Annual grant to eligible employees: Feb. 20, 2013 Performance share units 1,542,600 26.24 Restricted stock 949,030 27.05 Deferred stock units 1,386,750 27.05 Additional shares granted (1) 1,353,057 Various 22.47 Total shares granted 5,231,437 25.63 $ 134 million Vested (5,350,073 ) 18.82 $ 101 million Forfeited (1,048,688 ) 23.23 Balance at December 31, 2013 11,648,587 24.48 Annual grant to eligible employees: Feb. 19, 2014 Performance share units 1,143,620 34.97 Restricted stock 750,410 34.17 Deferred stock units 1,240,820 34.17 Additional shares granted (1) 935,463 Various 33.15 Total shares granted 4,070,313 34.16 $ 139 million Vested (4,380,452 ) 22.98 $ 101 million Forfeited (755,808 ) 28.14 Balance at December 31, 2014 10,582,640 28.56 Annual grant to eligible employees: Feb. 18, 2015 Performance share units 1,598,290 36.94 Restricted stock 386,910 36.94 Deferred stock units 866,640 36.94 Additional shares granted (1) 1,087,322 Various 39.35 Total shares granted 3,939,162 37.61 $ 148 million Vested (3,905,745 ) 37.83 $ 148 million Forfeited (1,197,841 ) 32.51 Balance at December 31, 2015 9,418,216 28.00 (1) Includes performance share units, restricted stock and deferred stock units.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2015
Common Class A
Capital Stock	Note 12. Capital Stock Our amended and restated articles of incorporation authorize 5.0 billion shares of Class A common stock (“Common Stock”) and 500 million shares of preferred stock. There were no preferred shares issued and outstanding at December 31, 2015, 2014 and 2013. Shares of Common Stock issued, in treasury and outstanding were: Shares Shares Issued Treasury Shares Outstanding Balance at January 1, 2013 1,996,537,778 (218,541,936 ) 1,777,995,842 Shares repurchased – (82,799,448 ) (82,799,448 ) Exercise of stock options and issuance of – 10,200,200 10,200,200 Balance at December 31, 2013 1,996,537,778 (291,141,184 ) 1,705,396,594 Shares repurchased – (51,931,864 ) (51,931,864 ) Exercise of stock options and issuance of – 10,176,269 10,176,269 Balance at December 31, 2014 1,996,537,778 (332,896,779 ) 1,663,640,999 Shares repurchased – (91,875,878 ) (91,875,878 ) Exercise of stock options and issuance of – 8,268,033 8,268,033 Balance at December 31, 2015 1,996,537,778 (416,504,624 ) 1,580,033,154 Stock plan awards to employees and non-employee directors are issued from treasury shares. At December 31, 2015, 146 million shares of Common Stock held in treasury were reserved for stock options and other stock awards. Share Repurchase Program: During 2013, our Board of Directors authorized the repurchase of $7.7 billion of our Common Stock through December 31, 2016. On July 29, 2015, 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 $13.7 billion of Common Stock repurchases, and extended the program through December 31, 2018. Repurchases under the program are determined by management and are wholly discretionary. During 2015, we repurchased 91.9 million shares of Common Stock at an average cost of $39.43 per share, or an aggregate cost of $3.6 billion, all of which was paid during 2015. All share repurchases were funded through available cash and commercial paper issuances. During 2014, we repurchased 51.9 million shares of Common Stock at an average cost of $36.43 per share, or an aggregate cost of $1.9 billion. As of December 31, 2015, we have $5.4 billion in remaining share repurchase capacity. In December 2013, we initiated an accelerated share repurchase (“ASR”) program. On December 3, 2013, we paid $1.7 billion and received an initial delivery of 44.8 million shares of Common Stock valued at $1.5 billion. We increased treasury stock by $1.5 billion, and the remaining $0.2 billion was recorded against additional paid in capital. In May 2014, the ASR program concluded and we received an additional 5.1 million shares, valued at $0.2 billion, for a total of 49.9 million shares with an average repurchase price of $34.10 per share over the life of the ASR program. The final settlement was based on the volume-weighted average price of our Common Stock during the purchase period less a fixed per share discount. Upon conclusion of the ASR program and receipt of the remaining repurchased shares, the $0.2 billion recorded in additional paid in capital was reclassified to treasury stock.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies	Note 13. Commitments and Contingencies Legal Proceedings: We routinely are involved in legal proceedings, claims and governmental inspections or investigations (“Legal Matters”) arising in the ordinary course of our business. A compliant and ethical corporate culture, which includes adhering to laws and industry regulations in all jurisdictions in which we do business, is integral to our success. Accordingly, after we acquired Cadbury in February 2010, we began reviewing and adjusting, as needed, Cadbury’s operations in light of applicable standards as well as our policies and practices. We initially focused on such high priority areas as food safety, the Foreign Corrupt Practices Act (“FCPA”) and antitrust. Based upon Cadbury’s pre-acquisition policies and compliance programs and our post-acquisition reviews, our preliminary findings indicated that Cadbury’s overall state of compliance was sound. Nonetheless, through our reviews, we determined that in certain jurisdictions, including India, there appeared to be facts and circumstances warranting further investigation. We are continuing our investigations in certain jurisdictions, including in India, and we continue to cooperate with governmental authorities. As we previously disclosed, on February 1, 2011, we received a subpoena from the SEC in connection with an investigation under the FCPA, primarily related to a facility in India that we acquired in the Cadbury acquisition. The subpoena primarily requests information regarding dealings with Indian governmental agencies and officials to obtain approvals related to the operation of that facility. We are continuing to cooperate with the U.S. and Indian governments in their investigations of these matters, including through ongoing meetings with the U.S. government to discuss potential conclusion of the U.S. government investigation. On February 11, 2016, we received a “Wells” notice from the SEC indicating that the staff has made a preliminary determination to recommend that the SEC file an enforcement action against us for violations of the books and records and internal controls provisions of the Exchange Act in connection with the investigation. We intend to make a submission to the staff of the SEC in response to the notice. In February 2013 and March 2014, Cadbury India Limited (now known as Mondelez India Foods Private Limited), a subsidiary of Mondelēz International, and other parties received show cause notices from the Indian Central Excise Authority (the “Excise Authority”) calling upon the parties to demonstrate why the Excise Authority should not collect a total of 3.7 billion Indian rupees (approximately $57 million U.S. dollars as of December 31, 2015) of unpaid excise tax and an equivalent amount of penalties, as well as interest, related to production at the same Indian facility. We contested these demands for unpaid excise taxes, penalties and interest. On March 27, 2015, after several hearings, the Commissioner of the Excise Authority issued an order denying the excise exemption that we claimed for the Indian facility and confirming the Excise Authority’s demands for total taxes and penalties in the amount of 5.8 billion Indian rupees (approximately $88 million U.S. dollars as of December 31, 2015). We have appealed this order. In addition, the Excise Authority issued additional show cause notices on February 6, 2015 and December 8, 2015 on the same issue but covering the periods January to October 2014 and November 2014 to September 2015, respectively. These notices added a total of 2.4 billion Indian rupees (approximately $36 million U.S. dollars as of December 31, 2015) of unpaid excise taxes as well as penalties to be determined up to an amount equivalent to that claimed by the Excise Authority and interest. We believe that the decision to claim the excise tax benefit is valid and we are continuing to contest the show cause notices through the administrative and judicial process. In April 2013, the staff of the U.S. Commodity Futures Trading Commission (“CFTC”) advised us and Kraft Foods Group that it was investigating activities related to the trading of December 2011 wheat futures contracts that occurred prior to the Spin-Off of Kraft Foods Group. We cooperated with the staff in its investigation. On April 1, 2015, the CFTC filed a complaint against Kraft Foods Group and Mondelēz Global LLC (“Mondelēz Global”) in the U.S. District Court for the Northern District of Illinois, Eastern Division (the “CFTC action”). 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. In December 2015, the court denied Mondelēz Global and Kraft Foods Group’s motion to dismiss the CFTC’s claims of market manipulation and attempted manipulation, and the parties are now in discovery. Additionally, several class action complaints were filed against Kraft Foods Group and Mondelēz Global in the U.S. District Court for the Northern District of Illinois by investors in wheat futures and options on behalf of themselves and others similarly situated. The complaints make similar allegations as those made in the CFTC action and seek class action certification; an unspecified amount for damages, interest and unjust enrichment; costs and fees; and injunctive, declaratory, and other unspecified relief. In June 2015, these suits were consolidated in the Northern District of Illinois. It is not possible to predict the outcome of these matters; however, based on our Separation and Distribution Agreement with Kraft Foods Group dated as of September 27, 2012, we expect to predominantly bear any monetary penalties or other payments in connection with the CFTC action. While we cannot predict with certainty the results of any Legal Matters in which we are currently involved, we do not expect that the ultimate costs to resolve any of these Legal Matters, individually or in the aggregate, will have a material effect on our financial results. Third-Party Guarantees: We enter into third-party guarantees primarily to cover the 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 December 31, 2015, we had no material third-party guarantees recorded on our consolidated balance sheet. As part of our 2010 Cadbury acquisition, we became the responsible party for tax matters under the Cadbury Schweppes Plc and Dr Pepper Snapple Group, Inc. (“DPSG”) Tax Sharing and Indemnification Agreement dated May 1, 2008 (“Tax Indemnity”) for certain 2007 and 2008 transactions relating to the demerger of Cadbury’s Americas Beverage business. A U.S. federal tax audit of Cadbury for the 2006-2008 tax years was concluded with the IRS in August 2013. As a result, we recorded a favorable impact of $336 million in selling, general and administrative expenses and $49 million in interest and other expense, net for a total pre-tax impact of $385 million ($363 million net of tax) in the three months ended September 30, 2013 due to the reversal of the accrued liability in excess of the amount we paid to DPSG under the Tax Indemnity in the third quarter of 2013. Leases: Rental expenses recorded in continuing operations were $331 million in 2015, $399 million in 2014 and $386 million in 2013. As of December 31, 2015, minimum rental commitments under non-cancelable operating leases in effect at year-end were (in millions): 2016 2017 2018 2019 2020 Thereafter Total $ 311 $ 202 $ 145 $ 111 $ 98 $ 127 $ 994

Reclassifications from Accumula

Reclassifications from Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2015
Reclassifications from Accumulated Other Comprehensive Income	Note 14. Reclassifications from Accumulated Other Comprehensive Income The components of accumulated other comprehensive earnings / (losses) attributable to Mondelēz International were: Mondelēz International Shareholders’ Equity Currency Derivatives Translation Pension and Accounted for Adjustments Other Benefits as Hedges Total (in millions) Balances at January 1, 2013 $ (399 ) $ (2,229 ) $ (38 ) $ (2,666 ) Other comprehensive earnings / (losses), before reclassifications: Currency translation adjustment (952 ) (29 ) – (981 ) Pension and other benefits – 713 – 713 Derivatives accounted for as hedges (99 ) – 169 70 Losses / (gains) reclassified into – 197 72 269 Tax (expense) / benefit 36 (244 ) (86 ) (294 ) Total other comprehensive (223 ) Balances at December 31, 2013 $ (1,414 ) $ (1,592 ) $ 117 $ (2,889 ) Other comprehensive earnings / (losses), before reclassifications: Currency translation adjustment (1) (3,995 ) 146 – (3,849 ) Pension and other benefits – (1,388 ) – (1,388 ) Derivatives accounted for as hedges 595 – (166 ) 429 Losses / (gains) reclassified into – 174 (45 ) 129 Tax (expense) / benefit (228 ) 386 92 250 Total other comprehensive earnings / (losses) (4,429 ) Balances at December 31, 2014 $ (5,042 ) $ (2,274 ) $ (2 ) $ (7,318 ) Other comprehensive earnings / (losses), before reclassifications: Currency translation adjustment (1)(2) (3,382 ) 146 – (3,236 ) Pension and other benefits – (60 ) – (60 ) Derivatives accounted for as hedges 503 – (74 ) 429 Losses / (gains) reclassified into – 318 21 339 Reclassification to earnings related to 99 2 – 101 Tax (expense) / benefit (184 ) (66 ) 9 (241 ) Total other comprehensive earnings / (losses) (2,668 ) Balances at December 31, 2015 $ (8,006 ) $ (1,934 ) $ (46 ) $ (9,986 ) (1) The consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(26) million for the year ended December 31, 2015 and $(33) million for the year ended December 31, 2014. (2) The 2015 translation adjustment of $(2,759) million on the consolidated statement of other comprehensive earnings includes translation adjustments related to pensions of $146 million, derivatives of $503 million, noncontrolling interests of $(26) million and currency impacts of $(3,382) million related to translating our international operations. Amounts reclassified from accumulated other comprehensive earnings / (losses) and their locations in the consolidated financial statements were as follows: Location of Gain / (Loss) For the Years Ended December 31, Recognized 2015 2014 2013 in Net Earnings (in millions) Pension and other benefits: Reclassification of losses / (gains) into net earnings: Amortization of experience losses and prior service costs (1) $ 207 $ 132 $ 193 Settlement losses (1) (2) 111 42 4 Venezuela deconsolidation 2 – – Loss on Tax impact (69 ) (56 ) (50 ) Provision for income taxes Derivatives accounted for as hedges: Reclassification of losses / (gains) into net earnings: Currency exchange contracts - forecasted transactions (90 ) (27 ) 28 Cost of sales Commodity contracts 64 (21 ) 38 Cost of sales Interest rate contracts 47 3 6 Interest and other Tax impact (21 ) 6 (19 ) Provision for income taxes Currency translation: Reclassification to earnings related to Venezuela deconsolidation 99 – – Loss on Total reclassifications into net earnings, net of tax $ 350 $ 79 $ 200 (1) These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans (2) Settlement losses include the transfer of coffee business-related pension obligations in the amount of $90 million in 2015. See Note 2, Divestitures and Acquisitions – Coffee Business Transactions

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes	Note 15. Income Taxes Earnings / (losses) from continuing operations before income taxes and the provision for income taxes consisted of the following: For the Years Ended December 31, 2015 2014 2013 (in millions) Earnings / (losses) from continuing operations United States $ 43 $ (135 ) $ (799 ) Outside United States 7,841 2,689 3,191 Total $ 7,884 $ 2,554 $ 2,392 Provision for income taxes: United States federal: Current $ (90 ) $ (125 ) $ (489 ) Deferred 136 28 103 46 (97 ) (386 ) State and local: Current 6 20 (35 ) Deferred (3 ) 11 22 3 31 (13 ) Total United States 49 (66 ) (399 ) Outside United States: Current 707 644 648 Deferred (163 ) (225 ) (189 ) Total outside United States 544 419 459 Total provision for income taxes $ 593 $ 353 $ 60 See Note 2, Divestitures and Acquisitions We recorded out-of-period adjustments of $14 million net expense in 2015 and $31 million net expense in 2014 that had an immaterial impact on the annual provision for income taxes. In addition, during the fourth quarter of 2014, we recorded a tax benefit of $43 million associated with the lapse of a statute of limitations that related to the third quarter of 2014. The out-of-period adjustments were not material to the consolidated financial statements for any prior period. The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons: For the Years Ended December 31, 2015 2014 2013 U.S. federal statutory rate 35.0% 35.0% 35.0% Increase / (decrease) resulting from: State and local income taxes, net of federal tax benefit excluding IRS audit impacts (0.1)% 0.3% (0.5)% Foreign rate differences (2.5)% (14.5)% (16.3)% Reversal of other tax accruals no longer required (1.4)% (10.5)% (9.6)% Indemnification resolution – – (4.7)% Tax legislation (0.5)% – (2.2)% Gains on coffee business transactions and divestitures (26.9)% – (2.1)% Loss on deconsolidation of Venezuela 3.5% – – Remeasurement of net monetary assets in Venezuela – 1.7% 1.0% Non-deductible expenses 0.3% 1.5% 1.1% Other 0.1% 0.3% 0.8% Effective tax rate 7.5% 13.8% 2.5% Our 2015 effective tax rate of 7.5% was favorably impacted by the one-time third quarter sale of our coffee business that resulted in a pre-tax gain of $6,809 million and $184 million of related tax expense, as well as $27 million of tax costs incurred to remit proceeds up from lower-tier foreign subsidiaries to allow cash to be redeployed within our retained foreign operations. The benefit of the third quarter transaction was partially offset by the tax costs associated with the sale of our interest in AGF in the first half of the year and the impact of deconsolidating our Venezuelan operations on December 31, 2015. Excluding the impacts of these transactions, our effective tax rate would have been 17.8%, reflecting favorable impacts from the mix of pre-tax income in various non-U.S. tax jurisdictions and net tax benefits from $119 million of discrete one-time events. The remaining discrete one-time events primarily related to favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions and the net reduction of U.K. deferred tax liabilities resulting from tax legislation enacted during 2015 that reduced the U.K. corporate income tax rate. Our 2014 effective tax rate of 13.8% was favorably impacted by the mix of pre-tax income in various non-U.S. tax jurisdictions and net tax benefits from $206 million of discrete one-time events. The discrete net tax benefits primarily related to favorable tax audit settlements and expirations of statues of limitations in several jurisdictions. Our 2013 effective tax rate of 2.5% was favorably impacted by the mix of pre-tax income in various non-U.S. tax jurisdictions, net tax benefits from discrete one-time events and the non-taxable portion of the Cadbury acquisition related indemnification resolution, partially offset by an unfavorable tax law change. The $299 million of discrete one-time events primarily related to favorable tax audit settlements and expirations of statutes of limitations in several jurisdictions and the net reduction of U.K. deferred tax liabilities resulting from tax legislation enacted during 2013 that reduced the U.K. corporate income tax rate. The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following: As of December 31, 2015 2014 (in millions) Deferred income tax assets: Accrued postretirement and postemployment benefits $ 230 $ 227 Accrued pension costs 414 588 Other employee benefits 265 272 Accrued expenses 343 410 Loss carryforwards 636 656 Other 352 431 Total deferred income tax assets 2,240 2,584 Valuation allowance (303 ) (345 ) Net deferred income tax assets $ 1,937 $ 2,239 Deferred income tax liabilities: Intangible assets $ (5,365 ) $ (5,843 ) Property, plant and equipment (636 ) (784 ) Other (409 ) (439 ) Total deferred income tax liabilities (6,410 ) (7,066 ) Net deferred income tax liabilities $ (4,473 ) $ (4,827 ) At December 31, 2015, the company has pre-tax loss carryforwards of $3,393 million, of which $1,160 million will expire at various dates between 2016 and 2029 and the remaining $2,233 million can be carried forward indefinitely. Our significant valuation allowances reside in Mexico and Ireland. At December 31, 2015, neither applicable U.S. federal income taxes nor foreign withholding taxes have been provided on approximately $19.2 billion of accumulated earnings of non-U.S. subsidiaries that are expected to be indefinitely reinvested. It is impractical for us to determine the amount of unrecognized deferred tax liabilities on these indefinitely reinvested earnings. Future tax law changes or changes in the needs of our non-U.S. subsidiaries could require us to recognize deferred tax liabilities on a portion, or all, of our accumulated earnings that were previously expected to be indefinitely reinvested. The changes in our unrecognized tax benefits were: For the Years Ended December 31, 2015 2014 2013 (in millions) January 1 $ 852 $ 1,189 $ 1,164 Increases from positions taken during prior periods 34 143 94 Decreases from positions taken during prior periods (74 ) (247 ) (132 ) Increases from positions taken during the current period 84 147 131 Decreases relating to settlements with taxing authorities (13 ) (203 ) (7 ) Reductions resulting from the lapse of the applicable statute of limitations (41 ) (64 ) (55 ) Currency / other (86 ) (113 ) (6 ) December 31 $ 756 $ 852 $ 1,189 As of January 1, 2015, our unrecognized tax benefits were $852 million. If we had recognized all of these benefits, the net impact on our income tax provision would have been $744 million. Our unrecognized tax benefits were $756 million at December 31, 2015, and if we had recognized all of these benefits, the net impact on our income tax provision would have been $652 million. Within the next 12 months, our unrecognized tax benefits could increase by approximately $80 million due to unfavorable audit developments or decrease by approximately $260 million due to audit settlements and the expiration of statutes of limitations in various jurisdictions. We include accrued interest and penalties related to uncertain tax positions in our tax provision. We had accrued interest and penalties of $184 million as of January 1, 2015 and $185 million as of December 31, 2015. Our 2015 provision for income taxes included $32 million for interest and penalties. Our income tax filings are regularly examined by federal, state and non-U.S. tax authorities. Our 2010-2012 U.S. federal income tax filings are currently under examination by the IRS. U.S. state and non-U.S. jurisdictions have statutes of limitations generally ranging from three to five years; however, these statutes are often extended by mutual agreement with the tax authorities. Years still open to examination by non-U.S. tax authorities in major jurisdictions include (earliest open tax year in parentheses): Brazil (2010), France (2010), Germany (2005), India (2005), Italy (2010) and the United Kingdom (2013).

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share	Note 16. Earnings Per Share Basic and diluted earnings per share (“EPS”) from continuing and discontinued operations were calculated using the following: For the Years Ended December 31, 2015 2014 2013 (in millions, except per share data) Earnings from continuing operations (1) $ 7,291 $ 2,201 $ 2,332 Earnings from discontinued operations, – – 1,603 Net earnings 7,291 2,201 3,935 Noncontrolling interest 24 17 20 Net earnings attributable to Mondelēz International $ 7,267 $ 2,184 $ 3,915 Weighted-average shares for basic EPS 1,618 1,691 1,774 Plus incremental shares from assumed conversions of 19 18 15 Weighted-average shares for diluted EPS 1,637 1,709 1,789 Basic earnings per share attributable to Continuing operations $ 4.49 $ 1.29 $ 1.30 Discontinued operations – – 0.91 Net earnings attributable to Mondelēz International $ 4.49 $ 1.29 $ 2.21 Diluted earnings per share attributable to Continuing operations $ 4.44 $ 1.28 $ 1.29 Discontinued operations – – 0.90 Net earnings attributable to Mondelēz International $ 4.44 $ 1.28 $ 2.19 (1) Earnings from continuing operations for the year ended December 31, 2015 includes a pre-tax charge of $778 million related to the deconsolidation of our Venezuelan operations. See Note 1, Summary of Significant Accounting Policies – Currency Translation and Highly Inflationary Accounting: Venezuela We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded 5.1 million antidilutive stock options for the year ended December 31, 2015, 8.6 million antidilutive stock options for the year ended December 31, 2014 and 7.0 million antidilutive stock options for the year ended December 31, 2013.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2015
Segment Reporting	Note 17. 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. Our operations and management structure are organized into five reportable operating segments: • Latin America • Asia Pacific • EEMEA • Europe • North America We manage our operations by region to leverage regional operating scale, manage different and changing business environments more effectively and pursue growth opportunities as they arise in our key markets. Our regional management teams have responsibility for the business, product categories and financial results in the regions. Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for our new coffee equity method investment in JDE, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of segment operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments through July 2, 2015 recorded within segment operating income were $49 million in Asia Pacific, $3 million in EEMEA and $4 million in North America. For the year ended December 31, 2014 these earnings were $98 million in Asia Pacific, $6 million in EEMEA and $9 million in North America. For the year ended December 31, 2013 these earnings were $99 million in Asia Pacific, $7 million in EEMEA and $1 million in North America. See Note 1, Summary of Significant Accounting Policies – Principles of Consolidation Also in 2015, we began to report stock-based compensation for our corporate employees, which was previously reported within our North America region, within general corporate expenses. We reclassified $32 million of corporate stock-based compensation expense out of the North America segment in 2015. 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, the benefit from the Cadbury acquisition-related indemnification resolution (which is a component of selling, general and administrative expenses), gains and losses on divestitures or acquisitions, gain on the coffee business transactions, loss on deconsolidation of Venezuela 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 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 Years Ended December 31, 2015 2014 2013 (in millions) Net revenues: Latin America (1) $ 4,988 $ 5,153 $ 5,382 Asia Pacific (1) 4,360 4,605 4,952 EEMEA (1) 2,786 3,638 3,915 Europe (1) 10,528 13,912 14,059 North America 6,974 6,936 6,991 Net revenues $ 29,636 $ 34,244 $ 35,299 (1) On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions – Coffee Business Transactions For the Years Ended December 31, 2015 2014 2013 (in millions) Earnings from continuing operations before income taxes: Operating income: Latin America $ 485 $ 475 $ 570 Asia Pacific 268 385 512 EEMEA 194 327 379 Europe 1,277 1,770 1,699 North America 1,105 922 889 Unrealized gains / (losses) on hedging activities 96 (112 ) 62 General corporate expenses (383 ) (317 ) (287 ) Amortization of intangibles (181 ) (206 ) (217 ) Benefit from indemnification resolution – – 336 Gains on coffee business transactions and divestitures 6,822 – 30 Loss on deconsolidation of Venezuela (778 ) – – Acquisition-related costs (8 ) (2 ) (2 ) Operating income 8,897 3,242 3,971 Interest and other expense, net (1,013 ) (688 ) (1,579 ) Earnings from continuing operations before income taxes $ 7,884 $ 2,554 $ 2,392 No single customer accounted for 10% or more of our net revenues from continuing operations in 2015. Our five largest customers accounted for 17.0% and our ten largest customers accounted for 24.0% of net revenues from continuing operations in 2015. Items impacting our segment operating results are discussed in Note 1, Summary of Significant Accounting Policies, Divestitures and Acquisitions, Goodwill and Intangible Assets Restructuring Programs Integration Program and Cost Saving Initiatives Debt and Borrowing Arrangements Financial Instruments, Total assets, depreciation expense and capital expenditures by segment were: As of December 31, 2015 2014 2013 (in millions) Total assets (1) Latin America (2) $ 4,673 $ 6,470 $ 6,860 Asia Pacific (3) 7,936 8,068 8,487 EEMEA (3) 3,867 5,153 6,951 Europe (3) 19,683 24,568 27,599 North America 21,175 21,287 21,705 Equity method investments 5,387 662 659 Unallocated assets (4) 122 563 203 Total assets $ 62,843 $ 66,771 $ 72,464 (1) Beginning in the third quarter of 2015, earnings from equity method investees were reported outside of segment operating income, as discussed above in this Note and Note 1, Summary of Significant Accounting Policies – Principles of Consolidation, (2) The change in total assets as of December 31, 2015 reflects a decrease of $1.1 billion related to the loss on deconsolidation of Venezuela. See Note 1, Summary of Significant Accounting Policies – Currency Translation and Highly Inflationary Accounting: Venezuela (3) On July 2, 2015, we deconsolidated our global coffee businesses, primarily from our Europe, EEMEA and Asia Pacific segments. See Note 2, Divestitures and Acquisitions – Coffee Business Transactions (4) Unallocated assets consist primarily of cash and cash equivalents, deferred income taxes, centrally held property, plant and equipment, prepaid pension assets and derivative financial instrument balances. We had debt issuance costs related to recognized debt liabilities of $46 million as of December 31, 2015, $44 million as of December 31, 2014 and $51 million as of December 31, 2013, which have been reclassified from long-term other assets to a deduction from the related debt obligations on the consolidated balance sheets. For the Years Ended December 31, 2015 2014 2013 (in millions) Depreciation expense: Latin America $ 94 $ 118 $ 107 Asia Pacific 114 112 107 EEMEA 66 90 88 Europe 274 359 359 North America 165 174 199 Total depreciation expense $ 713 $ 853 $ 860 For the Years Ended December 31, 2015 2014 2013 (in millions) Capital Expenditures: Latin America $ 354 $ 460 $ 412 Asia Pacific 311 356 268 EEMEA 197 219 254 Europe 390 429 478 North America 262 178 210 Total capital expenditures $ 1,514 $ 1,642 $ 1,622 Geographic data for net revenues and long-lived assets, excluding deferred tax, goodwill, intangible assets and equity method investments were: For the Years Ended December 31, 2015 2014 2013 (in millions) Net revenues: United States $ 6,302 $ 6,143 $ 5,965 Other 23,334 28,101 29,334 Total net revenues $ 29,636 $ 34,244 $ 35,299 As of December 31, 2015 2014 2013 (in millions) Long-lived assets (1) United States $ 1,551 $ 1,564 $ 1,607 Other 7,238 8,801 9,201 Total long-lived assets $ 8,789 $ 10,365 $ 10,808 (1) Long-lived assets no longer includes debt issuance costs related to recognized debt liabilities of $46 million as of December 31, 2015, $44 million as of December 31, 2014 and $51 million as of December 31, 2013, which have been reclassified from long-term other assets to a deduction from the related debt obligations on the consolidated balance sheets. No individual country within Other exceeded 10% of our net revenues or long-lived assets for all periods presented. Net revenues by product category were: For the Year Ended December 31, 2015 Latin Asia North America Pacific EEMEA Europe America Total (in millions) Biscuits $ 1,605 $ 1,264 $ 535 $ 2,420 $ 5,569 $ 11,393 Chocolate 840 1,444 896 4,638 256 8,074 Gum & Candy 1,091 717 544 757 1,149 4,258 Beverages (1) 767 401 543 1,549 – 3,260 Cheese & Grocery 685 534 268 1,164 – 2,651 Total net revenues $ 4,988 $ 4,360 $ 2,786 $ 10,528 $ 6,974 $ 29,636 For the Year Ended December 31, 2014 (2) Latin Asia North America Pacific EEMEA Europe America Total (in millions) Biscuits $ 1,322 $ 1,177 $ 642 $ 2,882 $ 5,486 $ 11,509 Chocolate 1,054 1,555 1,082 5,394 296 9,381 Gum & Candy 1,176 776 646 908 1,154 4,660 Beverages (1) 940 465 981 3,292 – 5,678 Cheese & Grocery 661 632 287 1,436 – 3,016 Total net revenues $ 5,153 $ 4,605 $ 3,638 $ 13,912 $ 6,936 $ 34,244 For the Year Ended December 31, 2013 (2) Latin Asia North America Pacific EEMEA Europe America Total (in millions) Biscuits $ 1,288 $ 1,311 $ 677 $ 2,940 $ 5,480 $ 11,696 Chocolate 1,143 1,632 1,181 5,385 326 9,667 Gum & Candy 1,380 849 673 968 1,185 5,055 Beverages (1) 907 470 1,113 3,340 – 5,830 Cheese & Grocery 664 690 271 1,426 – 3,051 Total net revenues $ 5,382 $ 4,952 $ 3,915 $ 14,059 $ 6,991 $ 35,299 (1) On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segment beverage categories. The decrease in beverages net revenues in 2015 compared to 2014 primarily reflects the coffee business transactions and unfavorable currency on our remaining beverage business. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions – Coffee Business Transactions (2) During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Data (Unaudited)	Note 18. Quarterly Financial Data (Unaudited) Our summarized operating results by quarter are detailed below. 2015 Quarters First Second Third Fourth (in millions, except per share data) Net revenues $ 7,762 $ 7,661 $ 6,849 $ 7,364 Gross profit 2,941 3,066 2,670 2,835 Provision for income taxes 113 100 348 32 Equity method investment net losses / (earnings) (1) – – 72 (72 ) Net earnings / (loss) (2) $ 312 $ 427 $ 7,268 $ (716 ) Noncontrolling interest (12 ) 21 2 13 Net earnings / (loss) attributable to Mondelēz International $ 324 $ 406 $ 7,266 $ (729 ) Weighted-average shares for basic EPS 1,648 1,625 1,609 1,589 Plus incremental shares from assumed conversions of 17 18 20 21 Weighted-average shares for diluted EPS 1,665 1,643 1,629 1,610 Per share data: Basic EPS attributable to Mondelēz International: $ 0.20 $ 0.25 $ 4.52 $ (0.46 ) Diluted EPS attributable to Mondelēz International (3) $ 0.19 $ 0.25 $ 4.46 $ (0.46 ) Dividends declared $ 0.15 $ 0.15 $ 0.17 $ 0.17 Market price - high $ 37.88 $ 41.81 $ 48.58 $ 47.42 - low $ 33.97 $ 35.93 $ 38.91 $ 41.55 2014 Quarters First Second Third Fourth (in millions, except per share data) Net revenues $ 8,641 $ 8,436 $ 8,337 $ 8,830 Gross profit 3,204 3,105 3,142 3,146 (Benefit) / provision for income taxes (4) (27 ) 91 178 111 Net earnings (2) $ 150 $ 642 $ 902 $ 507 Noncontrolling interest (13 ) 20 3 7 Net earnings attributable to Mondelēz International $ 163 $ 622 $ 899 $ 500 Weighted-average shares for basic EPS 1,704 1,694 1,688 1,677 Plus incremental shares from assumed conversions of 18 18 17 18 Weighted-average shares for diluted EPS 1,722 1,712 1,705 1,695 Per share data: Basic EPS attributable to Mondelēz International: $ 0.10 $ 0.37 $ 0.53 $ 0.30 Diluted EPS attributable to Mondelēz International: $ 0.09 $ 0.36 $ 0.53 $ 0.29 Dividends declared $ 0.14 $ 0.14 $ 0.15 $ 0.15 Market price - high $ 36.05 $ 38.47 $ 39.54 $ 39.42 - low $ 31.84 $ 34.03 $ 33.93 $ 31.83 (1) Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies – Principles of Consolidation (2) See the following table for significant items that affected the comparability of earnings each quarter. (3) In the fourth quarter of 2015, we recorded a net loss, primarily due to the loss on deconsolidation of Venezuela and coffee business transaction final sales price adjustment. In accordance with U.S. GAAP, due to the net loss in the quarter, diluted EPS was equal to basic EPS. (4) In the fourth quarter of 2014, we recorded a tax benefit of $43 million associated with the lapse of a statute of limitations that related to the third quarter of 2014. Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not equal the total for the year. During 2015 and 2014, we recorded the following pre-tax (charges) / gains in earnings from continuing operations: 2015 Quarters First Second Third Fourth (in millions) Asset impairment and exit costs $ (160 ) $ (231 ) $ (155 ) $ (355 ) Remeasurement of net monetary assets in Venezuela (11 ) – – – Loss on deconsolidation of Venezuela – – – (778 ) Gains / (loss) on coffee business transactions and divestiture – 13 7,122 (313 ) Coffee business transactions currency- 551 (144 ) 29 – Loss on early extinguishment of (713 ) – – (40 ) $ (333 ) $ (362 ) $ 6,996 $ (1,486 ) 2014 Quarters First Second Third Fourth (in millions) Asset impairment and exit costs $ (42 ) $ (55 ) $ (188 ) $ (407 ) Remeasurement of net monetary assets in Venezuela (142 ) – (19 ) (6 ) Coffee business transactions currency- – (7 ) 420 215 Loss on early extinguishment of (494 ) (1 ) – – $ (678 ) $ (63 ) $ 213 $ (198 ) Items impacting our operating results are discussed in Note 1, Summary of Significant Accounting Policies, Divestitures and Acquisitions, Goodwill and Intangible Assets Restructuring Program, and Debt and Borrowing Arrangements

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts	Mondelēz International, Inc. and Subsidiaries Valuation and Qualifying Accounts For the Years Ended December 31, 2015, 2014 and 2013 (in millions) Col. A Col. B Col. C Col. D Col. E Additions Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at End of Period (a) (b) 2015: Allowance for trade receivables $ 66 $ 14 $ (11 ) $ 15 $ 54 Allowance for other current receivables 91 12 7 1 109 Allowance for long-term receivables 14 5 (3 ) – 16 Allowance for deferred taxes 345 46 (35 ) 53 303 $ 516 $ 77 $ (42 ) $ 69 $ 482 2014: Allowance for trade receivables $ 86 $ 9 $ (10 ) $ 19 $ 66 Allowance for other current receivables 73 39 (13 ) 8 91 Allowance for long-term receivables 16 1 (2 ) 1 14 Allowance for deferred taxes 335 61 (25 ) 26 345 $ 510 $ 110 $ (50 ) $ 54 $ 516 2013: Allowance for trade receivables $ 118 $ 14 $ (11 ) $ 35 $ 86 Allowance for other current receivables 45 20 – (8 ) 73 Allowance for long-term receivables 16 – – – 16 Allowance for deferred taxes 426 20 – 111 335 $ 605 $ 54 $ (11 ) $ 138 $ 510 Notes: (a) Primarily related to divestitures, acquisitions and currency translation. (b) Represents charges for which allowances were created.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Description of Business	Description of Business: Mondelēz International, Inc. (formerly Kraft Foods Inc.) was incorporated in 2000 in the Commonwealth of Virginia. Mondelēz International, Inc., through its subsidiaries (collectively “Mondelēz International,” “we,” “us” and “our”), sells food and beverage products to consumers in 165 countries.
Principles of Consolidation	Principles of Consolidation: The consolidated financial statements include Mondelēz International, Inc. as well as our wholly owned and majority owned subsidiaries. For all periods presented through December 31, 2015, the operating results of our Venezuelan subsidiaries are included in our consolidated financial statements. As of the close of the fourth quarter of 2015, we deconsolidated our Venezuelan operations from our consolidated financial statements and recognized a loss on deconsolidation. See Currency Translation and Highly Inflationary Accounting: Venezuela We account for investments in which we exercise significant influence (20%-50% ownership interest) under the equity method of accounting. On July 2, 2015, we contributed our global coffee businesses to a new company, Jacobs Douwe Egberts (“JDE”), in which we now hold a 43.5% equity interest (collectively, the “coffee business transactions”). Historically, our coffee businesses and the income from primarily coffee-related and smaller equity method investments were recorded within our operating income as these businesses operated as direct extensions of our base business. Following the coffee business transactions, while we retain an ongoing interest in coffee through significant equity method investments, and we have significant influence with JDE and other equity method investments, we do not have control over these operations directly. As such, beginning in the third quarter of 2015, we began to recognize the investment earnings in after-tax equity method investment earnings outside of operating income and segment income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis and thus is not shown on our consolidated statement of earnings for this period. For periods prior to the July 2, 2015 closing, the coffee and other equity method investment earnings were included within our operating income and segment income. Please see Note 2, Divestitures and Acquisitions – Coffee Business Transactions Segment Reporting We use the cost method of accounting for investments in which we have an ownership interest of less than 20% and in which we do not exercise significant influence. The noncontrolling interest represents the noncontrolling investors’ interests in the results of subsidiaries that we control and consolidate. All intercompany transactions are eliminated.
Discontinued Operation	Discontinued Operation: On October 1, 2012 (the “Distribution Date”), we completed the spin-off of our former North American grocery business, Kraft Foods Group, Inc. (“Kraft Foods Group”; which is now part of The Kraft Heinz Company), by distributing 100% of the outstanding shares of common stock of Kraft Foods Group to holders of our Common Stock (the “Spin-Off”). We retained our global snacks business along with other food and beverage categories. The divested Kraft Foods Group business is presented as a discontinued operation on the consolidated statements of earnings in 2013. See Note 2, Divestitures and Acquisitions,
Accounting Calendar Change	Accounting Calendar Change: In connection with moving toward a common consolidation date across the Company, in the first quarter of 2015, we changed the consolidation date for our North America segment from the last Saturday of each period to the last calendar day of each period. The change had a favorable impact of $78 million on net revenues and $37 million on operating income in 2015. In the first quarter of 2013, we changed the consolidation date for our Europe segment, from predominantly the last Saturday of each period to the last calendar day of each period. The change had a favorable impact of $37 million on net revenues and $6 million on operating income in 2013. As a result of these changes, each of our operating subsidiaries now reports results as of the last calendar day of the period. We believe the change will improve business planning and financial reporting by better matching the close dates of the operating subsidiaries and bringing the reporting dates to the period-end date. As the effect to prior-period results was not material, we have not revised prior-period results.
Use of Estimates	Use of Estimates: We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which require us to make estimates and assumptions that affect a number of amounts in our consolidated financial statements. Significant accounting policy elections, estimates and assumptions include, among others, pension and benefit plan assumptions, valuation assumptions of goodwill and intangible assets, useful lives of long-lived assets, restructuring program liabilities, marketing program accruals, insurance and self-insurance reserves and income taxes. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements.
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 such as in Venezuela) and realized exchange gains and losses on transactions in earnings. Venezuela. Effective as of the close of the 2015 fiscal year, we concluded that we no longer met the accounting criteria for consolidation of our Venezuela subsidiaries due to a loss of control over our Venezuelan operations and an other-than-temporary lack of currency exchangeability. During the fourth quarter of 2015, representatives of the Venezuelan government arbitrarily imposed pricing restrictions on our local operations that resulted in our inability to recover operating costs. We immediately began an appeal process with the Venezuelan authorities to demonstrate that our pricing was in line with the regulatory requirements. In January 2016, local officials verbally lifted some of the pricing restrictions; however, it is uncertain when the legally required administrative order will be issued. The legal and regulatory environment has become more unreliable. While we had been complying with the Venezuelan law governing pricing and profitability controls and had followed the legal process for appeal, the appeal process was not available to us as outlined under law. Additionally, we have been increasingly facing issues procuring raw materials and packaging. Taken together, these actions, the economic environment in Venezuela and the progressively limited access to dollars to import goods through the use of any of the available currency mechanisms have impaired our ability to operate and control our Venezuelan businesses. We therefore concluded that we no longer met the criteria for the consolidation of our Venezuelan subsidiaries. As of the close of the 2015 fiscal year, we deconsolidated and changed to the cost method of accounting for our Venezuelan operations. We recorded a $778 million pre-tax loss as we reduced the value of our cost method investment in Venezuela and all Venezuelan receivables held by our other subsidiaries to realizable fair value, resulting in full impairment. The recorded loss also included historical cumulative translation adjustments related to our Venezuelan operations that had previously been recorded in accumulated other comprehensive losses within equity. The fair value of our investments in our Venezuelan subsidiaries was estimated based on discounted cash flow projections of current and expected operating losses in the foreseeable future and our ability to operate the business on a sustainable basis. Our fair value estimate reflects U.S. dollar exchange and discount rate assumptions that reflect the inflation and economic uncertainty in Venezuela. Beginning in 2016, we will no longer include net revenues, earnings or net assets of our Venezuelan subsidiaries within our consolidated financial statements. Under the cost method of accounting, we will recognize earnings only to the extent cash is received from our Venezuelan subsidiaries. Given the current and ongoing difficult economic, regulatory and business environment in Venezuela, there continues to be significant uncertainty related to our operations in Venezuela, and we expect these conditions will continue for the foreseeable future. We will monitor the extent of our ability to control our Venezuelan operations and the liquidity and availability of U.S. dollars at different rates as our current situation in Venezuela may change over time and lead to consolidation at a future date. For 2015 and prior periods presented, the operating results of our Venezuela operations were included in our consolidated statements of earnings. During this time, we recognized a number of currency-related remeasurement losses resulting from devaluations of the Venezuela bolivar exchange rates we historically used to source U.S. dollars for purchases of imported raw materials, packaging and other goods and services. The following table sets forth a history of the remeasurement losses, the deconsolidation loss and historical operating results and financial position of our Venezuelan subsidiaries for the periods presented: For the Years Ended December 31, 2015 2014 2013 (in millions) Net Revenues $ 1,217 $ 760 $ 795 Operating income (excluding remeasurement and deconsolidation losses) 266 181 211 Remeasurement losses: Q1 2013: 4.30 to 6.30 bolivars to the U.S. dollar – – (54 ) Q1 2014: 6.30 to 10.70 bolivars to the U.S. dollar – (142 ) – SICAD I remeasurements through – (25 ) – Q1 2015: 11.50 to 12.00 bolivars to the U.S. dollar (11 ) – – Loss on deconsolidation (778 ) – – As of December 31, 2015 2014 (in millions) Cash (1) $ 611 $ 278 Net monetary assets (1) 405 236 Net assets (1) 658 500 (1) Represents the financial position of our Venezuelan subsidiaries prior to the accounting change on December 31, 2015. Argentina. Other Countries.
Cash and Cash Equivalents	Cash and Cash Equivalents: Cash and cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less.
Transfers of Financial Assets	Transfers of Financial Assets: We account for transfers of financial assets as sales when we have surrendered control over the related assets. Whether control has been relinquished requires, among other things, an evaluation of relevant legal considerations and an assessment of the nature and extent of our continuing involvement with the assets transferred. We use these programs periodically when circumstances are favorable to manage liquidity. Gains and losses stemming from transfers reported as sales are included as an offset to net revenue in the consolidated statements of earnings. Assets obtained and liabilities incurred in connection with transfers reported as sales are initially recognized on the consolidated balance sheets at fair value. On December 19, 2013 in Europe and on December 22, 2015 in the United States, we entered into uncommitted revolving non-recourse accounts receivable factoring arrangements with a major global bank. The facilities, whose maximum combined capacity is $820 million, will remain available unless terminated by either party. Under the arrangements, we may sell eligible short-term trade receivables to the bank in exchange for cash. The transfers are reported as sales of trade receivables within our consolidated financial statements. We continue to service the receivables sold, acting solely as a collecting agent on behalf of the bank. We recorded losses on these sales of $3 million in 2015 and $2 million in 2014. The outstanding principal amount of receivables sold under the combined facilities amounted to $570 million in 2015 and $211 million in 2014.
Inventories	Inventories: We value our inventory using the average cost method. We also record inventory allowances for overstock and obsolete inventories due to ingredient and packaging changes.
Long-Lived Assets	Long-Lived Assets: Property, plant and equipment are stated at historical cost and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods ranging from 3 to 20 years and buildings and building improvements over periods up to 40 years. We review long-lived assets, including amortizable intangible assets, for realizability on an ongoing basis. Changes in depreciation, generally accelerated depreciation, are determined and recorded when estimates of the remaining useful lives or residual values of long-term assets change. We also review for impairment when conditions exist that indicate the carrying amount of the assets may not be fully recoverable. In those circumstances, we perform undiscounted operating cash flow analyses to determine if an impairment exists. When testing for asset impairment, we group assets and liabilities at the lowest level for which cash flows are separately identifiable. Any impairment loss is calculated as the excess of the asset’s carrying value over its estimated fair value. Fair value is estimated based on the undiscounted cash flows for the asset group over the remaining useful life or based on the expected cash proceeds for the asset less costs of disposal. Any significant impairment losses would be recorded within asset impairment and exit costs in the consolidated statements of earnings.
Software Costs	Software Costs: We capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use. Capitalized software costs are included in property, plant and equipment and amortized on a straight-line basis over the estimated useful lives of the software, which do not exceed seven years.
Goodwill and Non-Amortizable Intangible Assets	Goodwill and Non-Amortizable Intangible Assets: We test goodwill and non-amortizable intangible assets for impairment on an annual basis on October 1. We assess goodwill impairment risk throughout the year by performing a qualitative review of entity-specific, industry, market and general economic factors affecting our goodwill reporting units. We review our operating segment and reporting unit structure for goodwill testing annually or as significant changes in the organization occur. Annually, we may perform qualitative testing or elect to do quantitative testing instead, depending on prior test results, current year developments, current risk evaluations and other practical considerations. In the event that significant potential goodwill impairment risk exists for a specific reporting unit, we apply a two-step quantitative test. The first step compares the reporting unit’s estimated fair value with its carrying value. We estimate a reporting unit’s fair value using a discounted cash flow method which incorporates planned growth rates, market-based discount rates and estimates of residual value. This year, for our Europe and North America reporting units, we used a market-based, weighted-average cost of capital of 6.8% to discount the projected cash flows of those operations. For our Latin America, Asia Pacific and EEMEA reporting units, we used a risk-rated discount rate of 9.8%. Estimating the fair value of individual reporting units requires us to make assumptions and estimates regarding our future plans, industry and economic conditions, and our actual results and conditions may differ over time. If the carrying value of a reporting unit’s net assets exceeds its fair value, we would apply a second step to measure the difference between the carrying value and implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, the goodwill is impaired and its carrying value is reduced to the implied fair value of the goodwill. Annually we assess non-amortizable intangible assets for impairment by performing a qualitative review and assessing events and circumstances that could affect the fair value or carrying value of the indefinite-lived intangible assets. If significant potential impairment risk exists for a specific asset, we quantitatively test it for impairment by comparing its estimated fair value with its carrying value. We determine estimated fair value using planned growth rates, market-based discount rates and estimates of royalty rates. If the carrying value of the asset exceeds its fair value, we consider the asset impaired and reduce its carrying value to the estimated fair value. We amortize definite-lived intangible assets over their estimated useful lives and evaluate them for impairment as we do other long-lived assets.
Insurance and Self-Insurance	Insurance and Self-Insurance: We use a combination of insurance and self-insurance for a number of risks, including workers’ compensation, general liability, automobile liability, product liability and our obligation for employee healthcare benefits. We estimate the liabilities associated with these risks on an undiscounted basis by evaluating and making judgments about historical claims experience and other actuarial assumptions and the estimated impact on future results.
Revenue Recognition	Revenue Recognition: We recognize revenues when title and risk of loss pass to customers, which generally occurs upon delivery or shipment of goods. Revenues are recorded net of sales incentives and trade promotions and include all shipping and handling charges billed to customers. Our shipping and handling costs are classified as part of cost of sales. Provisions for product returns and other trade allowances are also recorded as reductions to revenues within the same period that the revenue is recognized.
Marketing and Research and Development	Marketing and Research and Development: We promote our products with advertising, marketing, sales incentives and trade promotions. These programs include, but are not limited to, cooperative advertising, in-store displays, consumer promotions, new product introduction fees, discounts, coupons, rebates and volume-based incentives. We expense advertising costs either in the period the advertising first takes place or as incurred. Sales incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated due to customers and consumers at the end of a period. We base these estimates principally on historical utilization and redemption rates. For interim reporting purposes, advertising expenses and sales incentives are charged to operations as a percentage of volume, based on estimated volume and estimated program spending. We do not defer costs on our year-end consolidated balance sheet and all marketing costs are recorded as an expense in the year incurred. Advertising expense was $1,542 million in 2015, $1,552 million in 2014 and $1,721 million in 2013. We expense product research and development costs as incurred. Research and development expense was $409 million in 2015, $455 million in 2014 and $471 million in 2013. We record marketing and research and development expenses within selling, general and administrative expenses.
Employee Benefit Plans	Employee Benefit Plans: We provide a range of benefits to our current and retired employees. These include pension benefits, postretirement health care benefits and postemployment benefits depending upon jurisdiction, tenure, job level and other factors. Local statutory requirements govern many of the benefit plans we provide around the world. Local government plans generally cover health care benefits for retirees outside the United States, Canada and United Kingdom. Our U.S., Canadian and U.K. subsidiaries provide health care and other benefits to most retired employees. Our postemployment benefit plans provide primarily severance benefits for eligible salaried and certain hourly employees. The cost for these plans is recognized in earnings primarily over the working life of the covered employee.
Financial Instruments	Financial Instruments: We use financial instruments to manage our currency exchange rate, commodity price and interest rate risks. We monitor and manage these exposures as part of our overall risk management program, which focuses on the unpredictability of financial markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on our operating results. A principal objective of our risk management strategies is to reduce significant, unanticipated earnings fluctuations that may arise from volatility in currency exchange rates, commodity prices and interest rates, principally through the use of derivative instruments. We use a combination of primarily currency forward contracts, futures, options and swaps; commodity forward contracts, futures and options; and interest rate swaps to manage our exposure to cash flow variability, protect the value of our existing currency assets and liabilities and protect the value of our debt. See Note 9, Financial Instruments We record derivative financial instruments on a gross basis and at fair value in our consolidated balance sheets within other current assets or other current liabilities due to their relatively short-term duration. Cash flows from derivative instruments are classified in the consolidated statements of cash flows based on the nature of the derivative instrument. Changes in the fair value of a derivative that is designated as a cash flow hedge, to the extent that the hedge is effective, are recorded in accumulated other comprehensive earnings / (losses) and reclassified to earnings when the hedged item affects earnings. Changes in fair value of economic hedges and the ineffective portion of all hedges are recognized in current period earnings. Changes in the fair value of a derivative that is designated as a fair value hedge, along with the changes in the fair value of the related hedged asset or liability, are recorded in earnings in the same period. We use non-U.S. dollar denominated debt to hedge a portion of our net investment in non-U.S. operations against adverse movements in exchange rates, with currency movements related to the debt and net investment and the related deferred taxes recorded within currency translation adjustment in accumulated other comprehensive earnings / (losses). In order to qualify for hedge accounting, a specified level of hedging effectiveness between the derivative instrument and the item being hedged must exist at inception and throughout the hedged period. We must also formally document the nature of and relationship between the derivative and the hedged item, as well as our risk management objectives, strategies for undertaking the hedge transaction and method of assessing hedge effectiveness. Additionally, for a hedge of a forecasted transaction, the significant characteristics and expected term of the forecasted transaction must be specifically identified, and it must be probable that the forecasted transaction will occur. If it is no longer probable that the hedged forecasted transaction will occur, we would recognize the gain or loss related to the derivative in earnings. When we use derivatives, we are exposed to credit and market risks. Credit risk exists when a counterparty to a derivative contract might fail to fulfill its performance obligations under the contract. We reduce our credit risk by entering into transactions with counterparties with high quality, investment grade credit ratings, limiting the amount of exposure with each counterparty and monitoring the financial condition of our counterparties. We also maintain a policy of requiring that all significant, non-exchange traded derivative contracts with a duration of one year or longer are governed by an International Swaps and Derivatives Association master agreement. Market risk exists when the value of a derivative or other financial instrument might be adversely affected by changes in market conditions and commodity prices, currency exchange rates or interest rates. We manage derivative market risk by limiting the types of derivative instruments and derivative strategies we use and the degree of market risk that we plan to hedge through the use of derivative instruments. Commodity cash flow hedges Currency exchange cash flow hedges third-party Interest rate cash flow and fair value hedges Hedges of net investments in non-U.S. operations
Income Taxes	Income Taxes: We recognize tax benefits in our financial statements when uncertain tax positions are assessed more likely than not to be sustained upon audit. The amount we recognize is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. We recognize deferred tax assets for deductible temporary differences, operating loss carryforwards and tax credit carryforwards. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion, or all, of the deferred tax assets will not be realized.
New Accounting Pronouncements	New Accounting Pronouncements: In January 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) which provides updated guidance for the recognition, measurement, presentation and disclosure of financial assets and liabilities. The ASU is effective for fiscal years beginning after December 15, 2017. We are currently assessing the impact across our operations and on our consolidated financial statements. In November 2015, the FASB issued an ASU that requires all deferred tax liabilities and assets be classified as noncurrent in the balance sheet. The new standard did not change the current requirement to offset deferred tax liabilities and assets within a tax-paying component of an entity. The ASU is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. It can also be applied either prospectively or retrospectively to all periods presented. We early adopted the new standard on December 31, 2015 on a prospective basis. We classified deferred taxes as non-current on our consolidated balance sheets as of December 31, 2015. No prior periods were retrospectively adjusted. In September 2015, the FASB issued an ASU that eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Under the new guidance, measurement-period adjustments should be accounted for during the period in which the entity determines the amount of the adjustment. The ASU is effective for fiscal years beginning after December 15, 2015, with early adoption permitted, and should be applied prospectively to open measurement periods after the effective date, regardless of the acquisition date. We elected to early adopt and will apply the standard in our accounting for the acquisitions that we closed during the third quarter of 2015. See Note 2, Divestitures and Acquisitions In July 2015, the FASB issued an ASU that simplifies the guidance on the subsequent measurement of inventory. U.S. GAAP currently requires an entity to measure inventory at the lower of cost or market. Previously, market could be replacement cost, net realizable value or net realizable value less an approximate normal profit margin. Under the new standard, inventory should be valued at the lower of cost or net realizable value. The ASU is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. We early adopted the new standard on January 1, 2016 on a prospective basis. The adoption of the standard is not expected to have a material impact on our consolidated financial statements. In May 2015, the FASB issued an ASU that applies to reporting entities that elect to measure the fair value of an investment using the net asset value (“NAV”) per share (or its equivalent) practical expedient. This ASU removes the requirement to include investments measured using the practical expedient within fair value hierarchy disclosures. Also, practical expedient disclosures previously required for all eligible investments are now only required for investments for which the practical expedient has been elected. The update is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. As we measure certain defined benefit plan assets using the NAV practical expedient, we adopted the new standard on January 1, 2016. The new standard will impact our future pension disclosures and is not expected to otherwise have an impact on our consolidated financial statements. In April 2015, the FASB issued an ASU that provides guidance on evaluating whether a cloud computing arrangement includes a software license. If there is a software license component, software licensing accounting should be applied; otherwise, service contract accounting should be applied. The ASU is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We adopted the new standard on January 1, 2016 and on a prospective basis. The standard is not expected to have a material impact on our consolidated financial statements. In April 2015, the FASB issued an ASU that simplifies the presentation of debt issuance costs. The standard requires debt issuance costs related to a recognized debt obligation to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt instead of being presented as an asset, similar to the presentation of debt discounts. In August 2015, the FASB issued an update clarifying that for line-of-credit arrangements entities may continue to defer debt issuance costs as an asset. The ASU represents a change in accounting principle and requires retrospective application. The ASU is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We early adopted the new standard on December 31, 2015 and reclassified historical deferred debt issuance costs related to debt other than line-of-credit arrangements from long-term other assets to offset the related debt obligations. In February 2015, the FASB issued an ASU that amends current consolidation guidance related to the evaluation of whether certain legal entities should be consolidated. The standard modifies both the variable interest entity (“VIE”) model and the voting interest model, including analyses of whether limited partnerships are VIEs and the impact of service fees and related party interests in determining if an entity is a VIE to the reporting entity. The guidance is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. We adopted the new standard on January 1, 2016 and we do not expect the standard to have a material impact on our consolidated financial statements. In May 2014, the FASB issued an ASU on revenue recognition from contracts with customers. The new ASU outlines a new, single comprehensive model for companies to use in accounting for revenue. The core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for the goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts, including significant judgments made in recognizing revenue. In May 2015, the FASB proposed changes to the new guidance in the areas of licenses and identifying performance obligations. In August 2015, the FASB issued an ASU that defers the effective date by one year to annual reporting periods beginning after December 15, 2017. Early adoption is permitted as of the original effective date which was for annual reporting periods beginning after December 15, 2016. The ASU may be applied retrospectively to historical periods presented or as a cumulative-effect adjustment as of the date of adoption. We have made progress in our due diligence and scoping reviews and continue to assess the impact of the new standard across our operations and on our consolidated financial statements. We anticipate adopting the new standard on January 1, 2018.
Reclassifications	Reclassifications: Certain amounts previously reported have been reclassified to conform to current-year presentation. See above for reclassifications made related to deferred debt issuance costs.

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries	The following table sets forth a history of the remeasurement losses, the deconsolidation loss and historical operating results and financial position of our Venezuelan subsidiaries for the periods presented: For the Years Ended December 31, 2015 2014 2013 (in millions) Net Revenues $ 1,217 $ 760 $ 795 Operating income (excluding remeasurement and deconsolidation losses) 266 181 211 Remeasurement losses: Q1 2013: 4.30 to 6.30 bolivars to the U.S. dollar – – (54 ) Q1 2014: 6.30 to 10.70 bolivars to the U.S. dollar – (142 ) – SICAD I remeasurements through – (25 ) – Q1 2015: 11.50 to 12.00 bolivars to the U.S. dollar (11 ) – – Loss on deconsolidation (778 ) – – As of December 31, 2015 2014 (in millions) Cash (1) $ 611 $ 278 Net monetary assets (1) 405 236 Net assets (1) 658 500 (1) Represents the financial position of our Venezuelan subsidiaries prior to the accounting change on December 31, 2015.

Divestitures and Acquisitions (

Divestitures and Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2015
Pre-tax Earnings and Major Classes of Assets and Liabilities	In our historical consolidated results, the pre-tax earnings of the coffee businesses we contributed to JDE were included in periods prior to the July 2, 2015 closing date and as reflected below for the periods presented: For the Six Months For the Years Ended December 31, 2015 2014 2013 (in millions) (in millions) Earnings before income taxes $ 342 $ 646 $ 700 On July 2, 2015, we deconsolidated the following assets and liabilities in connection with the deconsolidation of our global coffee businesses (in millions). The amounts below also include the fourth quarter final settlement of coffee business-related pension obligations as further described below. Assets Cash and cash equivalents $ 488 Trade receivables 468 Other receivables 24 Inventories, net 469 Deferred income taxes 6 Other current assets 44 Current assets 1,499 Property, plant and equipment, net 751 Goodwill 1,664 Intangible assets, net – Other assets 35 Noncurrent assets 2,450 Total assets $ 3,949 Liabilities Accounts payable $ 438 Accrued marketing 290 Accrued employment costs 29 Other current liabilities 63 Current liabilities 820 Deferred income taxes 63 Accrued pension costs 131 Other liabilities 4 Noncurrent liabilities 198 Total liabilities $ 1,018 Net assets deconsolidated $ 2,931
Summary Financial Information for Equity Method Investments	Summary Financial Information for Equity Method Investments: Summarized financial information for JDE and our other equity method investments is reflected below. As of December 31, 2015 2014 (in millions) Current assets $ 3,943 $ 1,120 Noncurrent assets 20,936 835 Total assets $ 24,879 $ 1,955 Current liabilities $ 2,779 $ 564 Noncurrent liabilities 9,880 62 Total liabilities $ 12,659 $ 626 For the Years Ended December 31, 2015 2014 2013 (in millions) Net revenues $ 4,993 $ 2,721 $ 2,749 Gross profit 1,551 921 952 Income from continuing operations 96 226 214 Net income 97 226 214 Net income attributable to investees (1) $ 97 $ 226 $ 214 Mondelēz International ownership interests 40%-50% 40%-50% 40%-50% Mondelēz International share of investee net income (2) $ 56 $ 113 $ 107 (1) Includes $33 million of amortization expense related to a basis difference between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of their equity. (2) Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies – Principles of Consolidation

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2015
Components of Inventories	Inventories consisted of the following: As of December 31, 2015 2014 (in millions) Raw materials $ 782 $ 1,215 Finished product 1,930 2,434 2,712 3,649 Inventory reserves (103 ) (169 ) Inventories, net $ 2,609 $ 3,480

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Components of Property, Plant and Equipment	Property, plant and equipment consisted of the following: As of December 31, 2015 2014 (in millions) Land and land improvements $ 495 $ 574 Buildings and building improvements 2,753 3,117 Machinery and equipment 10,044 11,737 Construction in progress 1,262 1,484 14,554 16,912 Accumulated depreciation (6,192 ) (7,085 ) Property, plant and equipment, net $ 8,362 $ 9,827
Property Plant and Equipment | Asset impairment and exit costs
Schedule of Restructuring and Implementation Costs	These charges were recorded in the consolidated statements of earnings within asset impairment and exit costs as follows: For the Years Ended December 31, 2015 2014 2013 (in millions) Latin America $ 46 $ 14 $ – Asia Pacific 80 23 2 EEMEA 9 16 – Europe 64 37 27 North America 65 83 60 Total non-cash asset write-downs $ 264 $ 173 $ 89
2014-2018 Restructuring Program
Schedule of Restructuring and Implementation Costs	During 2015 and 2014, we recorded restructuring and implementation costs related to the 2014-2018 Restructuring Program within operating income as follows: For the Years Ended December 31, Latin Asia North America Pacific EEMEA Europe America Corporate (1) Total (in millions) 2015 Restructuring Costs $ 145 $ 133 $ 63 $ 228 $ 114 $ 28 $ 711 Implementation Costs 39 19 12 73 69 79 291 Total $ 184 $ 152 $ 75 $ 301 $ 183 $ 107 $ 1,002 2014 Restructuring Costs $ 81 $ 16 $ 19 $ 91 $ 57 $ 10 $ 274 Implementation Costs 16 9 4 37 5 36 107 Total $ 97 $ 25 $ 23 $ 128 $ 62 $ 46 $ 381 Total Project 2014-2015 (2) Restructuring Costs $ 226 $ 149 $ 82 $ 319 $ 171 $ 38 $ 985 Implementation Costs 55 28 16 110 74 115 398 Total $ 281 $ 177 $ 98 $ 429 $ 245 $ 153 $ 1,383 (1) Includes adjustment for rounding. (2) Includes all charges recorded since program inception on May 6, 2014 through December 31, 2015.
2012-2014 Restructuring Program
Schedule of Restructuring and Implementation Costs	During 2014 and 2013 and since inception of the 2012-2014 Restructuring Program, we recorded restructuring and implementation costs within operating income as follows: For the Years Ended December 31, Latin Asia North America Pacific EEMEA Europe America Corporate (1) Total (in millions) 2014 Restructuring Costs $ 8 $ 34 $ 57 $ 148 $ 113 $ – $ 360 Implementation Costs 3 6 2 52 32 4 99 Total $ 11 $ 40 $ 59 $ 200 $ 145 $ 4 $ 459 2013 Restructuring Costs $ 21 $ 2 $ 12 $ 95 $ 135 $ 2 $ 267 Implementation Costs – – 2 36 25 – 63 Total $ 21 $ 2 $ 14 $ 131 $ 160 $ 2 $ 330 Total Project 2012-2014 (2) Restructuring Costs $ 36 $ 36 $ 69 $ 249 $ 337 $ 2 $ 729 Implementation Costs 3 6 4 88 65 4 170 Total $ 39 $ 42 $ 73 $ 337 $ 402 $ 6 $ 899 (1) Includes adjustment for rounding. (2) Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Goodwill by Reportable Segment	Goodwill by reportable segment was: As of December 31, 2015 2014 (in millions) Latin America $ 858 $ 1,127 Asia Pacific 2,520 2,395 EEMEA 1,304 1,942 Europe 7,117 8,952 North America 8,865 8,973 Goodwill $ 20,664 $ 23,389
Intangible Assets Disclosure	Intangible assets consisted of the following: As of December 31, 2015 2014 (in millions) Non-amortizable intangible assets $ 17,527 $ 18,810 Amortizable intangible assets 2,320 2,525 19,847 21,335 Accumulated amortization (1,079 ) (1,000 ) Intangible assets, net $ 18,768 $ 20,335
Changes in Goodwill and Intangible Assets	Changes in goodwill and intangible assets consisted of: 2015 2014 Goodwill Intangible Goodwill Intangible (in millions) Balance at January 1 $ 23,389 $ 21,335 $ 25,597 $ 22,919 Changes due to: Currency (1,477 ) (1,462 ) (2,256 ) (1,528 ) Coffee business transactions (1,729 ) – – – Acquisitions 481 58 – – Asset impairments – (83 ) – (57 ) Other – (1 ) 48 1 Balance at December 31 $ 20,664 $ 19,847 $ 23,389 $ 21,335 Changes to goodwill and intangibles were: • Coffee business transactions and divestiture – On July 2, 2015, we deconsolidated $1,664 million of goodwill and less than $1 million of intangible assets in connection with the coffee business transactions. On April 23, 2015, we completed the divestiture of our 50% equity interest in AGF, which resulted in divesting $65 million of goodwill. • Acquisitions – On July 15, 2015, we acquired an 80% interest in a biscuit operation in Vietnam and recorded a preliminary allocation of $461 million of goodwill as we complete the final valuation work for the acquisition. On February 16, 2015, we acquired Enjoy Life Foods and recorded $20 million of goodwill and $58 million in identifiable intangible assets. • Asset Impairments – On December 31, 2015, in connection with the deconsolidation of Venezuela, we recorded $12 million of impairment charges as described below. We recorded $71 million of charges related to four trademarks in 2015 and $57 million of charges related to two trademarks in 2014 as described below.

Restructuring Programs (Tables)

Restructuring Programs (Tables)	12 Months Ended
	Dec. 31, 2015
2014-2018 Restructuring Program
Schedule of Restructuring Costs	The activity for the 2014-2018 Restructuring Program liability for the years ended December 31, 2015 and 2014 was: Severance and related Asset costs Write-downs Total (in millions) Liability balance, January 1, 2014 $ – $ – $ – Charges 251 23 274 Cash spent (17 ) – (17 ) Non-cash settlements / adjustments (5 ) (23 ) (28 ) Currency (5 ) – (5 ) Liability balance, December 31, 2014 $ 224 $ – $ 224 Charges 442 269 711 Cash spent (243 ) – (243 ) Non-cash settlements / adjustments (4 ) (269 ) (273 ) Currency (24 ) – (24 ) Liability balance, December 31, 2015 $ 395 $ – $ 395
2012-2014 Restructuring Program
Schedule of Restructuring Costs	The activity for the 2012-2014 Restructuring Program liability for the years ended December 31, 2015 and 2014 was: Severance and related Asset costs Write-downs Total (in millions) Liability balance, January 1, 2014 $ 68 $ – $ 68 Charges 201 159 360 Cash spent (130 ) – (130 ) Non-cash settlements / adjustments (2 ) (159 ) (161 ) Currency (9 ) – (9 ) Liability balance, December 31, 2014 $ 128 $ – $ 128 Charges (4 ) – (4 ) Cash spent (66 ) – (66 ) Non-cash settlements / adjustments (4 ) – (4 ) Currency (7 ) – (7 ) Liability balance, December 31, 2015 $ 47 $ – $ 47

Integration Program and Cost 35

Integration Program and Cost Savings Initiatives (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Changes in Remaining Integration Program Liability	Changes in the Integration Program liability during 2015 and 2014 were: 2015 2014 (in millions) Balance at January 1 $ 58 $ 145 Charges – (8 ) Cash spent (15 ) (69 ) Currency / other (7 ) (10 ) Balance at December 31 $ 36 $ 58

Debt and Borrowing Arrangemen36

Debt and Borrowing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2015
Short-Term Borrowings and Related Weighted-Average Interest Rates	Our short-term borrowings and related weighted-average interest rates consisted of: As of December 31, 2015 2014 Amount Weighted- Amount Weighted- Outstanding Average Rate Outstanding Average Rate (in millions) (in millions) Commercial paper $ – 0.0% $ 1,101 0.4% Bank loans 236 9.5% 204 8.8% Total short-term borrowings $ 236 $ 1,305
Long-Term Debt	Our long-term debt consisted of (interest rates are as of December 31, 2015): As of December 31, 2015 2014 (in millions) U.S. dollar notes, 0.37% to 7.00% (weighted-average effective rate 4.75%), $ 8,371 $ 10,836 Euro notes, 1.08% to 2.55% (weighted-average effective rate 1.97%), due through 2035 4,305 3,911 Pound sterling notes, 3.88% to 7.25% (weighted-average effective rate 4.35%), due through 2045 1,399 573 Swiss franc notes, 0.00% to 1.125% (weighted-average effective rate 0.73%), due through 2025 1,075 – Capital leases and other obligations 12 31 Total 15,162 15,351 Less current portion of long-term debt (605 ) (1,530 ) Long-term debt $ 14,557 $ 13,821
Aggregate Maturities of Debt and Capital Leases Based on Stated Contractual Maturities	As of December 31, 2015, aggregate maturities of our debt and capital leases based on stated contractual maturities, excluding unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments of $(70) million, were (in millions): 2016 2017 2018 2019 2020 Thereafter Total $1,755 $1,481 $1,110 $1,250 $827 $8,809 $15,232
Interest and Other Expense Net Within Results of Continuing Operations	Interest and other expense, net within our results of continuing operations consisted of: For the Years Ended December 31, 2015 2014 2013 (in millions) Interest expense, debt $ 609 $ 778 $ 1,017 Loss on debt extinguishment and related expenses 753 495 612 Coffee business transactions currency-related net gains (436 ) (628 ) – Loss related to interest rate swaps 34 – – Benefit from indemnification resolution – – (49 ) Other expense / (income), net 53 43 (1 ) Interest and other expense, net $ 1,013 $ 688 $ 1,579

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value of Derivatives Instruments	Derivative instruments were recorded at fair value in the consolidated balance sheets as follows: As of December 31, 2015 2014 Asset Liability Asset Liability Derivatives Derivatives Derivatives Derivatives (in millions) Derivatives designated as accounting hedges: Currency exchange contracts $ 20 $ 7 $ 69 $ 17 Commodity contracts 37 35 12 33 Interest rate contracts 12 57 13 42 $ 69 $ 99 $ 94 $ 92 Derivatives not designated as accounting hedges: Currency exchange contracts $ 61 $ 33 $ 735 $ 24 Commodity contracts 70 56 90 194 Interest rate contracts 43 28 59 39 $ 174 $ 117 $ 884 $ 257 Total fair value $ 243 $ 216 $ 978 $ 349
Notional Values of Derivative Instruments	The net notional values of our derivative instruments were: Notional Amount As of December 31, 2015 2014 (in millions) Currency exchange contracts: Intercompany loans and forecasted interest payments $ 4,148 $ 3,640 Forecasted transactions 1,094 6,681 Commodity contracts 732 1,569 Interest rate contracts 3,033 3,970 Net investment hedge – euro notes 4,345 3,932 Net investment hedge – pound sterling notes 1,404 545 Net investment hedge – Swiss franc notes 1,073 –
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, pound sterling and Swiss franc-denominated debt were: Location of For the Years Ended December 31, Gain / (Loss) 2015 2014 2013 Recognized in AOCI (in millions) Euro notes $ 268 $ 328 $ (50 ) Currency Pound sterling notes 42 39 (13 ) Translation Swiss franc notes 9 – – Adjustment
Derivative
Schedule of Derivative Instruments Fair Value and Measurement Inputs	The fair values (asset / (liability)) of our derivative instruments were determined using: As of December 31, 2015 Quoted Prices in Active Markets Significant Significant Total for Identical Other Observable Unobservable Fair Value of Net Assets Inputs Inputs Asset / (Liability) (Level 1) (Level 2) (Level 3) (in millions) Currency exchange contracts $ 41 $ – $ 41 $ – Commodity contracts 16 29 (13 ) – Interest rate contracts (30 ) – (30 ) – Total derivatives $ 27 $ 29 $ (2 ) $ – As of December 31, 2014 Quoted Prices in Active Markets Significant Significant Total for Identical Other Observable Unobservable Fair Value of Net Assets Inputs Inputs Asset / (Liability) (Level 1) (Level 2) (Level 3) (in millions) Currency exchange contracts $ 763 $ – $ 763 $ – Commodity contracts (125 ) (49 ) (76 ) – Interest rate contracts (9 ) – (9 ) – Total derivatives $ 629 $ (49 ) $ 678 $ –
Cash Flow Hedges
Schedule of Cash Flow Hedges Effect on Accumulated Other Comprehensive Income, Net of Taxes	Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings / (losses) included: For the Years Ended December 31, 2015 2014 2013 (in millions) Accumulated gain / (loss) at January 1 $ (2 ) $ 117 $ (38 ) Transfer of realized losses / (gains) to earnings – (40 ) 53 Unrealized gain / (loss) in fair value (43 ) (79 ) 102 Accumulated gain / (loss) at December 31 $ (45 ) $ (2 ) $ 117
Schedule of Effects of Derivative Instruments	After-tax gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into net earnings were: For the Years Ended December 31, 2015 2014 2013 (in millions ) Currency exchange contracts – forecasted transactions $ 83 $ 26 $ (26 ) Commodity contracts (52 ) 16 (23 ) Interest rate contracts (31 ) (2 ) (4 ) Total $ – $ 40 $ (53 ) After-tax gains / (losses) recognized in other comprehensive earnings / (losses) were: For the Years Ended December 31, 2015 2014 2013 (in millions) Currency exchange contracts – forecasted transactions $ 40 $ 82 $ (23 ) Commodity contracts (35 ) (2 ) 3 Interest rate contracts (48 ) (159 ) 122 Total $ (43 ) $ (79 ) $ 102 Pre-tax gains / (losses) on ineffectiveness recognized in net earnings from continuing operations were: For the Years Ended December 31, 2015 2014 2013 (in millions) Commodity contracts $ (4 ) $ (10 ) $ 1
Fair Value Hedges
Schedule of Effects of Derivative Instruments	Pre-tax gains / (losses) due to changes in fair value of our interest rate swaps and related hedged long-term debt were recorded in interest and other expense, net: For the Years Ended December 31, 2015 2014 2013 (in millions) Derivatives $ (1 ) $ 13 $ – Borrowings 1 (13 ) –
Economic Hedging
Schedule of Effects of Derivative Instruments	Pre-tax gains / (losses) recorded in net earnings for economic hedges were: For the Years Ended December 31, Location of 2015 2014 2013 in Earnings (in millions) Currency exchange contracts: Intercompany loans and $ 29 $ 4 $ 18 Interest and other Forecasted transactions 29 29 65 Cost of sales Forecasted transactions 435 610 9 Interest and other Forecasted transactions (12 ) (4 ) 4 Selling, general Commodity contracts (38 ) (136 ) (40 ) Cost of sales Total $ 443 $ 503 $ 56

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Postretirement Benefit Plans
Weighted Average Assumptions	We used the following weighted-average U.S. Plans Non-U.S. Plans For the Years Ended December 31, For the Years Ended December 31, 2015 2014 2013 2015 2014 2013 Discount rate 4.20% 5.10% 4.20% 2.99% 4.03% 3.81% Expected rate of return on 7.25% 7.75% 7.75% 5.96% 6.17% 6.08% Rate of compensation increase 4.00% 4.00% 4.00% 3.26% 3.63% 3.47%
Components of Net Costs	Components of Net Periodic Postretirement Health Care Costs: Net periodic postretirement health care costs consisted of the following: For the Years Ended December 31, 2015 2014 2013 (in millions) Service cost $ 15 $ 13 $ 15 Interest cost 22 22 20 Amortization: Net loss from experience differences 13 5 12 Prior service credit (7 ) (10 ) (12 ) Net periodic postretirement health care costs $ 43 $ 30 $ 35
Estimated Future Benefit Payments	Our estimated future benefit payments for our postretirement health care plans at December 31, 2015 were (in millions): Year ending: 2016 2017 2018 2019 2020 2021-2025 U.S. Plans $8 $9 $10 $12 $13 $85 Non-U.S. Plans $5 $5 $5 $6 $6 $33
Changes in Accumulated Postemployment Benefit Obligations	Our postretirement health care plans are not funded. The changes in and the amount of the accrued benefit obligation were: As of December 31, 2015 2014 (in millions) Accrued benefit obligation at January 1 $ 538 $ 422 Service cost 15 13 Interest cost 22 22 Benefits paid (10 ) (9 ) Currency (22 ) (11 ) Assumption changes (30 ) 75 Actuarial (gains) / losses (2 ) 14 Other – 12 Accrued benefit obligation at December 31 $ 511 $ 538
Weighted-Average Assumptions to Determine Benefit Obligations	We used the following weighted-average U.S. Plans Non-U.S. Plans As of December 31, As of December 31, 2015 2014 2015 2014 Discount rate 4.60% 4.20% 4.77% 4.52% Health care cost trend rate 6.50% 6.50% 5.37% 5.18% Ultimate trend rate 5.00% 5.00% 5.55% 5.53% Year that the rate reaches the 2020 2018 2018 2018
Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates	A one-percentage-point As of December 31, 2015 One-Percentage-Point Increase Decrease (in millions) Effect on postretirement benefit obligation $ 88 $ (69 ) Effect on annual service and interest cost 7 (6 )
Pension Plans
Projected Benefit Obligations, Plan Assets and Funded Status of Pension Plans	The projected benefit obligations, plan assets and funded status of our pension plans were: U.S. Plans Non-U.S. Plans 2015 2014 2015 2014 (in millions) Benefit obligation at January 1 $ 1,606 $ 1,266 $ 10,854 $ 9,920 Service cost 64 57 188 184 Interest cost 67 67 307 388 Benefits paid (35 ) (20 ) (435 ) (446 ) Settlements paid (88 ) (52 ) 1 – Actuarial (gains) / losses (49 ) 266 (262 ) 1,604 Deconsolidation of coffee business – – (261 ) – Currency – – (766 ) (949 ) Other 1 22 (79 ) 153 Benefit obligation at December 31 1,566 1,606 9,547 10,854 Fair value of plan assets at January 1 1,216 1,118 8,362 8,122 Actual return on plan assets (71 ) 159 192 971 Contributions 225 11 318 353 Benefits paid (35 ) (20 ) (435 ) (446 ) Settlements paid (88 ) (52 ) – – Deconsolidation of coffee business – – (130 ) – Currency – – (579 ) (681 ) Other – – (7 ) 43 Fair value of plan assets at December 31 1,247 1,216 7,721 8,362 Net pension liability at December 31 $ (319 ) $ (390 ) $ (1,826 ) $ (2,492 )
Pension Plans Resulted in Net Pension Liability	The combined U.S. and non-U.S. pension plans resulted in a net pension liability of $2,145 million at December 31, 2015 and $2,882 million at December 31, 2014. We recognized these amounts in our consolidated balance sheets as follows: As of December 31, 2015 2014 (in millions) Prepaid pension assets $ 69 $ 53 Other accrued liabilities (31 ) (23 ) Accrued pension costs (2,183 ) (2,912 ) $ (2,145 ) $ (2,882 )
Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets	For these plans, the projected benefit obligations, accumulated benefit obligations and the fair value of plan assets were: U.S. Plans Non-U.S. Plans As of December 31, As of December 31, 2015 2014 2015 2014 (in millions) Projected benefit obligation $ 1,566 $ 1,606 $ 8,139 $ 10,108 Accumulated benefit obligation 1,463 1,474 7,920 9,763 Fair value of plan assets 1,247 1,216 6,252 7,576
Components of Net Costs	Net periodic pension cost consisted of the following: U.S. Plans Non-U.S. Plans For the Years Ended December 31, For the Years Ended December 31, 2015 2014 2013 2015 2014 2013 (in millions) (in millions) Service cost $ 64 $ 57 $ 71 $ 188 $ 184 $ 172 Interest cost 67 67 60 307 388 358 Expected return on plan assets (93 ) (81 ) (67 ) (478 ) (485 ) (435 ) Amortization: Net loss from experience 43 29 55 141 106 136 Prior service cost (1) 2 2 2 15 – 1 Settlement losses and (2) 19 28 1 2 14 3 Net periodic pension cost $ 102 $ 102 $ 122 $ 175 $ 207 $ 235 (1) For the year ended December 31, 2015, amortization of prior service cost includes $17 million of pension curtailment losses related to employees who transitioned to JDE upon the contribution of our global coffee business. Refer to Note 2, Divestitures and Acquisitions – Coffee Business Transactions (2) Settlement losses include $9 million for year ended December 31, 2015 and $12 million for the year ended December 31, 2014 of pension settlement losses for employees who elected lump-sum payments in connection with our 2014-2018 Restructuring Program. Retired employees who elected lump-sum payments resulted in net settlement losses in 2015 of $10 million for our U.S. plans and $2 million for our non-U.S. plans. Employees who elected lump-sum payments in connection with our 2012-2014 Restructuring Program and cost saving initiatives and retired employees who elected lump-sum payments resulted in net settlement losses for our U.S. plans of $28 million in 2014 and $1 million in 2013. Non-U.S. plant closures and early retirement benefits resulted in curtailment and settlement losses of $2 million in 2013. In addition, we incurred special termination benefit costs of $2 million in 2014 and $1 million in 2013 in the non-U.S. plans related to the 2012-2014 Restructuring Program. See Note 6, Restructuring Programs , Divestitures and Acquisitions – Coffee Business Transactions
Fair Values of Pension Plan Assets	The fair value of pension plan assets was determined using the following fair value measurements: As of December 31, 2015 Quoted Prices Significant Asset Category Total Fair in Active Markets Other (Level 2) Significant (Level 3) (in millions) U.S. equity securities $ 2 $ 2 $ – $ – Non-U.S. equity securities 413 413 – – Pooled funds - equity securities 2,411 569 1,842 – Total equity securities 2,826 984 1,842 – Government bonds 1,788 53 1,735 – Pooled funds - fixed-income securities 1,182 311 759 112 Corporate bonds and other fixed-income securities 1,691 325 701 665 Total fixed-income securities 4,661 689 3,195 777 Real estate 477 115 7 355 Hedge funds 499 – – 499 Private equity 204 – – 204 Cash 140 137 3 – Other 95 55 36 4 Total $ 8,902 $ 1,980 $ 5,083 $ 1,839 As of December 31, 2014 Quoted Prices Significant Asset Category Total Fair in Active Markets Other (Level 2) Significant (Level 3) (in millions) U.S. equity securities $ 124 $ 124 $ – $ – Non-U.S. equity securities 698 698 – – Pooled funds - equity securities 2,192 538 1,654 – Total equity securities 3,014 1,360 1,654 – Government bonds 2,283 234 2,049 – Pooled funds - fixed-income securities 1,151 311 743 97 Corporate bonds and other fixed-income securities 1,174 314 111 749 Total fixed-income securities 4,608 859 2,903 846 Real estate 406 110 4 292 Hedge funds 829 – – 829 Private equity 237 – – 237 Cash 253 246 7 – Other 157 124 30 3 Total $ 9,504 $ 2,699 $ 4,598 $ 2,207 The percentage of fair value of pension plan assets was: U.S. Plans Non-U.S. Plans As of December 31, As of December 31, Asset Category 2015 2014 2015 2014 Equity securities 32% 45% 32% 30% Fixed-income securities 65% 52% 50% 48% Real estate 3% 3% 6% 4% Hedge funds – – 7% 10% Private equity – – 3% 3% Cash – – 1% 3% Other – – 1% 2% Total 100% 100% 100% 100%
Schedule of Changes in Level 3 Plan Assets	Changes in our Level 3 plan assets, which are recorded in other comprehensive earnings / (losses), included: Asset Category January 1, Balance Net Realized Net Purchases, Net Transfers Currency December 31, (in millions) Pooled funds- fixed-income securities $ 97 $ (1 ) $ 25 $ (3 ) $ (6 ) $ 112 Corporate bond and other fixed-income securities 749 4 (50 ) – (38 ) 665 Real estate 292 19 61 – (17 ) 355 Hedge funds 829 13 (312 ) – (31 ) 499 Private equity 240 17 (36 ) (1 ) (12 ) 208 Total Level 3 investments $ 2,207 $ 52 $ (312 ) $ (4 ) $ (104 ) $ 1,839 Asset Category January 1, Balance Net Realized and Unrealized Net Purchases, Net Transfers Currency Impact December 31, (in millions) Pooled funds- fixed-income securities $ 15 $ (15 ) $ 15 $ 87 $ (5 ) $ 97 Corporate bond and other fixed-income securities 780 80 (64 ) – (47 ) 749 Real estate 267 37 (2 ) 10 (20 ) 292 Hedge funds 820 40 20 – (51 ) 829 Private equity 227 45 (19 ) 2 (15 ) 240 Total Level 3 investments $ 2,109 $ 187 $ (50 ) $ 99 $ (138 ) $ 2,207
Estimated Future Benefit Payments	The estimated future benefit payments from our pension plans at December 31, 2015 were (in millions): Year ending: 2016 2017 2018 2019 2020 2021-2025 U.S. Plans $ 91 $ 84 $ 95 $ 105 $ 109 $ 562 Non-U.S. Plans $ 401 $ 403 $ 410 $ 423 $ 435 $ 2,352
Schedule of Individually Significant Multiemployer Pension Plan	The following is the only individually significant multiemployer plan we participate in as of December 31, 2015: Expiration Date Pension FIP / RP of Collective- EIN / Pension Protection Act Status Pending / Surcharge Bargaining Pension Fund Plan Number Zone Status Implemented Imposed Agreements Bakery, Confectionery, Tobacco Workers and Grain Miller International Pension Fund 526118572 Red Implemented Yes 2/29/2016
Defined Benefit Pension Plan Benefit Obligation
Weighted Average Assumptions	We used the following weighted-average U.S. Plans Non-U.S. Plans As of December 31, As of December 31, 2015 2014 2015 2014 Discount rate 4.50% 4.20% 3.11% 2.99% Expected rate of return on plan assets 6.75% 7.25% 5.87% 5.96% Rate of compensation increase 4.00% 4.00% 3.18% 3.26%
Defined Benefit Pension Net Periodic Pension Cost
Weighted Average Assumptions	We used the following weighted-average U.S. Plans Non-U.S. Plans For the Years Ended December 31, For the Years Ended December 31, 2015 2014 2013 2015 2014 2013 Discount rate 4.20% 5.10% 4.20% 4.52% 5.17% 4.39% Health care cost trend rate 6.50% 7.00% 7.50% 5.18% 5.11% 6.47%
Postemployment Benefit Plans
Components of Net Costs	Net periodic postemployment costs consisted of the following: For the Years Ended December 31, 2015 2014 2013 (in millions) Service cost $ 7 $ 9 $ 8 Interest cost 5 6 5 Amortization of net gains – – (1 ) Other – – (1 ) Net periodic postemployment costs $ 12 $ 15 $ 11
Changes in Accumulated Postemployment Benefit Obligations	Our postemployment plans are primarily not funded. The changes in and the amount of the accrued benefit obligation at December 31, 2015 and 2014 were: 2015 2014 (in millions) Accrued benefit obligation at January 1 $ 94 $ 103 Service cost 7 9 Interest cost 5 6 Benefits paid (7 ) (17 ) Assumption changes (3 ) 2 Actuarial losses (1 ) (9 ) Accrued benefit obligation at December 31 $ 95 $ 94

Stock Plans (Tables)

Stock Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Weighted-Average Black-Scholes Fair Value Assumptions	Our weighted-average Black-Scholes fair value assumptions were: Risk-Free Expected Life Expected Volatility Expected Fair Value 2015 1.70% 6 years 18.51% 1.61% $ 6.12 2014 1.87% 6 years 21.48% 1.64% $ 6.60 2013 1.15% 6 years 20.36% 1.94% $ 4.31
Stock Options Activity	Stock option activity is reflected below: Weighted- Average Average Shares Subject Exercise or Remaining Aggregate to Option Per Share Term Value Balance at January 1, 2013 52,753,039 $ 20.45 $ 264 million Annual grant to eligible employees 11,644,280 27.05 Additional options issued 762,512 29.69 Total options granted 12,406,792 27.21 Options exercised (1) (7,185,616 ) 19.41 $ 79 million Options cancelled (2,190,776 ) 23.86 Balance at December 31, 2013 55,783,439 21.96 $ 744 million Annual grant to eligible employees 9,919,810 34.17 Additional options issued 500,250 33.65 Total options granted 10,420,060 34.14 Options exercised (1) (8,076,550 ) 20.85 $ 125 million Options cancelled (1,695,398 ) 27.65 Balance at December 31, 2014 56,431,551 24.19 $ 685 million Annual grant to eligible employees 8,899,530 36.94 Additional options issued 901,340 35.84 Total options granted 9,800,870 36.84 Options exercised (1) (6,444,515 ) 22.94 $ 108 million Options cancelled (2,753,798 ) 32.35 Balance at December 31, 2015 57,034,108 26.12 6 years $ 229 million Exercisable at December 31, 2015 38,658,921 22.33 5 years $ 870 million (1) Cash received from options exercised was $148 million in 2015, $168 million in 2014 and $139 million in 2013. The actual tax benefit realized for the tax deductions from the option exercises totaled $58 million in 2015, $29 million in 2014 and $14 million in 2013.
Restricted stock, deferred stock unit and performance share unit
Restricted Stock, Deferred Stock Unit and Performance Share Unit Activity	Our restricted stock, deferred stock unit and performance share unit activity is reflected below: Weighted-Average Weighted-Average Number Fair Value Aggregate of Shares Grant Date Per Share Fair Value Balance at January 1, 2013 12,815,911 $ 21.55 Annual grant to eligible employees: Feb. 20, 2013 Performance share units 1,542,600 26.24 Restricted stock 949,030 27.05 Deferred stock units 1,386,750 27.05 Additional shares granted (1) 1,353,057 Various 22.47 Total shares granted 5,231,437 25.63 $ 134 million Vested (5,350,073 ) 18.82 $ 101 million Forfeited (1,048,688 ) 23.23 Balance at December 31, 2013 11,648,587 24.48 Annual grant to eligible employees: Feb. 19, 2014 Performance share units 1,143,620 34.97 Restricted stock 750,410 34.17 Deferred stock units 1,240,820 34.17 Additional shares granted (1) 935,463 Various 33.15 Total shares granted 4,070,313 34.16 $ 139 million Vested (4,380,452 ) 22.98 $ 101 million Forfeited (755,808 ) 28.14 Balance at December 31, 2014 10,582,640 28.56 Annual grant to eligible employees: Feb. 18, 2015 Performance share units 1,598,290 36.94 Restricted stock 386,910 36.94 Deferred stock units 866,640 36.94 Additional shares granted (1) 1,087,322 Various 39.35 Total shares granted 3,939,162 37.61 $ 148 million Vested (3,905,745 ) 37.83 $ 148 million Forfeited (1,197,841 ) 32.51 Balance at December 31, 2015 9,418,216 28.00 (1) Includes performance share units, restricted stock and deferred stock units.

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Dec. 31, 2015
Authorized Common Stock Repurchase Programs	Shares of Common Stock issued, in treasury and outstanding were: Shares Shares Issued Treasury Shares Outstanding Balance at January 1, 2013 1,996,537,778 (218,541,936 ) 1,777,995,842 Shares repurchased – (82,799,448 ) (82,799,448 ) Exercise of stock options and issuance of – 10,200,200 10,200,200 Balance at December 31, 2013 1,996,537,778 (291,141,184 ) 1,705,396,594 Shares repurchased – (51,931,864 ) (51,931,864 ) Exercise of stock options and issuance of – 10,176,269 10,176,269 Balance at December 31, 2014 1,996,537,778 (332,896,779 ) 1,663,640,999 Shares repurchased – (91,875,878 ) (91,875,878 ) Exercise of stock options and issuance of – 8,268,033 8,268,033 Balance at December 31, 2015 1,996,537,778 (416,504,624 ) 1,580,033,154

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Minimum Rental Commitments	As of December 31, 2015, minimum rental commitments under non-cancelable operating leases in effect at year-end were (in millions): 2016 2017 2018 2019 2020 Thereafter Total $ 311 $ 202 $ 145 $ 111 $ 98 $ 127 $ 994

Reclassifications from Accumu42

Reclassifications from Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2015
Components of Accumulated Other Comprehensive Earnings /(Losses)	The components of accumulated other comprehensive earnings / (losses) attributable to Mondelēz International were: Mondelēz International Shareholders’ Equity Currency Derivatives Translation Pension and Accounted for Adjustments Other Benefits as Hedges Total (in millions) Balances at January 1, 2013 $ (399 ) $ (2,229 ) $ (38 ) $ (2,666 ) Other comprehensive earnings / (losses), before reclassifications: Currency translation adjustment (952 ) (29 ) – (981 ) Pension and other benefits – 713 – 713 Derivatives accounted for as hedges (99 ) – 169 70 Losses / (gains) reclassified into – 197 72 269 Tax (expense) / benefit 36 (244 ) (86 ) (294 ) Total other comprehensive (223 ) Balances at December 31, 2013 $ (1,414 ) $ (1,592 ) $ 117 $ (2,889 ) Other comprehensive earnings / (losses), before reclassifications: Currency translation adjustment (1) (3,995 ) 146 – (3,849 ) Pension and other benefits – (1,388 ) – (1,388 ) Derivatives accounted for as hedges 595 – (166 ) 429 Losses / (gains) reclassified into – 174 (45 ) 129 Tax (expense) / benefit (228 ) 386 92 250 Total other comprehensive earnings / (losses) (4,429 ) Balances at December 31, 2014 $ (5,042 ) $ (2,274 ) $ (2 ) $ (7,318 ) Other comprehensive earnings / (losses), before reclassifications: Currency translation adjustment (1)(2) (3,382 ) 146 – (3,236 ) Pension and other benefits – (60 ) – (60 ) Derivatives accounted for as hedges 503 – (74 ) 429 Losses / (gains) reclassified into – 318 21 339 Reclassification to earnings related to 99 2 – 101 Tax (expense) / benefit (184 ) (66 ) 9 (241 ) Total other comprehensive earnings / (losses) (2,668 ) Balances at December 31, 2015 $ (8,006 ) $ (1,934 ) $ (46 ) $ (9,986 ) (1) The consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(26) million for the year ended December 31, 2015 and $(33) million for the year ended December 31, 2014. (2) The 2015 translation adjustment of $(2,759) million on the consolidated statement of other comprehensive earnings includes translation adjustments related to pensions of $146 million, derivatives of $503 million, noncontrolling interests of $(26) million and currency impacts of $(3,382) million related to translating our international operations.
Amounts Reclassified from Accumulated Other Comprehensive Earnings/ (Losses)	Amounts reclassified from accumulated other comprehensive earnings / (losses) and their locations in the consolidated financial statements were as follows: Location of Gain / (Loss) For the Years Ended December 31, Recognized 2015 2014 2013 in Net Earnings (in millions) Pension and other benefits: Reclassification of losses / (gains) into net earnings: Amortization of experience losses and prior service costs (1) $ 207 $ 132 $ 193 Settlement losses (1) (2) 111 42 4 Venezuela deconsolidation 2 – – Loss on Tax impact (69 ) (56 ) (50 ) Provision for income taxes Derivatives accounted for as hedges: Reclassification of losses / (gains) into net earnings: Currency exchange contracts - forecasted transactions (90 ) (27 ) 28 Cost of sales Commodity contracts 64 (21 ) 38 Cost of sales Interest rate contracts 47 3 6 Interest and other Tax impact (21 ) 6 (19 ) Provision for income taxes Currency translation: Reclassification to earnings related to Venezuela deconsolidation 99 – – Loss on Total reclassifications into net earnings, net of tax $ 350 $ 79 $ 200 (1) These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans (2) Settlement losses include the transfer of coffee business-related pension obligations in the amount of $90 million in 2015. See Note 2, Divestitures and Acquisitions – Coffee Business Transactions

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Provision for Income Taxes	Earnings / (losses) from continuing operations before income taxes and the provision for income taxes consisted of the following: For the Years Ended December 31, 2015 2014 2013 (in millions) Earnings / (losses) from continuing operations United States $ 43 $ (135 ) $ (799 ) Outside United States 7,841 2,689 3,191 Total $ 7,884 $ 2,554 $ 2,392 Provision for income taxes: United States federal: Current $ (90 ) $ (125 ) $ (489 ) Deferred 136 28 103 46 (97 ) (386 ) State and local: Current 6 20 (35 ) Deferred (3 ) 11 22 3 31 (13 ) Total United States 49 (66 ) (399 ) Outside United States: Current 707 644 648 Deferred (163 ) (225 ) (189 ) Total outside United States 544 419 459 Total provision for income taxes $ 593 $ 353 $ 60
Effective Income Tax Rate	The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons: For the Years Ended December 31, 2015 2014 2013 U.S. federal statutory rate 35.0% 35.0% 35.0% Increase / (decrease) resulting from: State and local income taxes, net of federal tax benefit excluding IRS audit impacts (0.1)% 0.3% (0.5)% Foreign rate differences (2.5)% (14.5)% (16.3)% Reversal of other tax accruals no longer required (1.4)% (10.5)% (9.6)% Indemnification resolution – – (4.7)% Tax legislation (0.5)% – (2.2)% Gains on coffee business transactions and divestitures (26.9)% – (2.1)% Loss on deconsolidation of Venezuela 3.5% – – Remeasurement of net monetary assets in Venezuela – 1.7% 1.0% Non-deductible expenses 0.3% 1.5% 1.1% Other 0.1% 0.3% 0.8% Effective tax rate 7.5% 13.8% 2.5%
Deferred Tax Assets and Liabilities Temporary Differences	The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following: As of December 31, 2015 2014 (in millions) Deferred income tax assets: Accrued postretirement and postemployment benefits $ 230 $ 227 Accrued pension costs 414 588 Other employee benefits 265 272 Accrued expenses 343 410 Loss carryforwards 636 656 Other 352 431 Total deferred income tax assets 2,240 2,584 Valuation allowance (303 ) (345 ) Net deferred income tax assets $ 1,937 $ 2,239 Deferred income tax liabilities: Intangible assets $ (5,365 ) $ (5,843 ) Property, plant and equipment (636 ) (784 ) Other (409 ) (439 ) Total deferred income tax liabilities (6,410 ) (7,066 ) Net deferred income tax liabilities $ (4,473 ) $ (4,827 )
Changes in Unrecognized Tax Benefit	The changes in our unrecognized tax benefits were: For the Years Ended December 31, 2015 2014 2013 (in millions) January 1 $ 852 $ 1,189 $ 1,164 Increases from positions taken during prior periods 34 143 94 Decreases from positions taken during prior periods (74 ) (247 ) (132 ) Increases from positions taken during the current period 84 147 131 Decreases relating to settlements with taxing authorities (13 ) (203 ) (7 ) Reductions resulting from the lapse of the applicable statute of limitations (41 ) (64 ) (55 ) Currency / other (86 ) (113 ) (6 ) December 31 $ 756 $ 852 $ 1,189

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Basic and Diluted Earnings Per Share	Basic and diluted earnings per share (“EPS”) from continuing and discontinued operations were calculated using the following: For the Years Ended December 31, 2015 2014 2013 (in millions, except per share data) Earnings from continuing operations (1) $ 7,291 $ 2,201 $ 2,332 Earnings from discontinued operations, – – 1,603 Net earnings 7,291 2,201 3,935 Noncontrolling interest 24 17 20 Net earnings attributable to Mondelēz International $ 7,267 $ 2,184 $ 3,915 Weighted-average shares for basic EPS 1,618 1,691 1,774 Plus incremental shares from assumed conversions of 19 18 15 Weighted-average shares for diluted EPS 1,637 1,709 1,789 Basic earnings per share attributable to Continuing operations $ 4.49 $ 1.29 $ 1.30 Discontinued operations – – 0.91 Net earnings attributable to Mondelēz International $ 4.49 $ 1.29 $ 2.21 Diluted earnings per share attributable to Continuing operations $ 4.44 $ 1.28 $ 1.29 Discontinued operations – – 0.90 Net earnings attributable to Mondelēz International $ 4.44 $ 1.28 $ 2.19 (1) Earnings from continuing operations for the year ended December 31, 2015 includes a pre-tax charge of $778 million related to the deconsolidation of our Venezuelan operations. See Note 1, Summary of Significant Accounting Policies – Currency Translation and Highly Inflationary Accounting: Venezuela

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2015
Net Revenues by Segment	Our segment net revenues: For the Years Ended December 31, 2015 2014 2013 (in millions) Net revenues: Latin America (1) $ 4,988 $ 5,153 $ 5,382 Asia Pacific (1) 4,360 4,605 4,952 EEMEA (1) 2,786 3,638 3,915 Europe (1) 10,528 13,912 14,059 North America 6,974 6,936 6,991 Net revenues $ 29,636 $ 34,244 $ 35,299 (1) On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions – Coffee Business Transactions
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Our segment earnings: For the Years Ended December 31, 2015 2014 2013 (in millions) Earnings from continuing operations before income taxes: Operating income: Latin America $ 485 $ 475 $ 570 Asia Pacific 268 385 512 EEMEA 194 327 379 Europe 1,277 1,770 1,699 North America 1,105 922 889 Unrealized gains / (losses) on hedging activities 96 (112 ) 62 General corporate expenses (383 ) (317 ) (287 ) Amortization of intangibles (181 ) (206 ) (217 ) Benefit from indemnification resolution – – 336 Gains on coffee business transactions and divestitures 6,822 – 30 Loss on deconsolidation of Venezuela (778 ) – – Acquisition-related costs (8 ) (2 ) (2 ) Operating income 8,897 3,242 3,971 Interest and other expense, net (1,013 ) (688 ) (1,579 ) Earnings from continuing operations before income taxes $ 7,884 $ 2,554 $ 2,392
Total Assets, Depreciation Expense and Capital Expenditure by Segment	Total assets, depreciation expense and capital expenditures by segment were: As of December 31, 2015 2014 2013 (in millions) Total assets (1) Latin America (2) $ 4,673 $ 6,470 $ 6,860 Asia Pacific (3) 7,936 8,068 8,487 EEMEA (3) 3,867 5,153 6,951 Europe (3) 19,683 24,568 27,599 North America 21,175 21,287 21,705 Equity method investments 5,387 662 659 Unallocated assets (4) 122 563 203 Total assets $ 62,843 $ 66,771 $ 72,464 (1) Beginning in the third quarter of 2015, earnings from equity method investees were reported outside of segment operating income, as discussed above in this Note and Note 1, Summary of Significant Accounting Policies – Principles of Consolidation, (2) The change in total assets as of December 31, 2015 reflects a decrease of $1.1 billion related to the loss on deconsolidation of Venezuela. See Note 1, Summary of Significant Accounting Policies – Currency Translation and Highly Inflationary Accounting: Venezuela (3) On July 2, 2015, we deconsolidated our global coffee businesses, primarily from our Europe, EEMEA and Asia Pacific segments. See Note 2, Divestitures and Acquisitions – Coffee Business Transactions (4) Unallocated assets consist primarily of cash and cash equivalents, deferred income taxes, centrally held property, plant and equipment, prepaid pension assets and derivative financial instrument balances. We had debt issuance costs related to recognized debt liabilities of $46 million as of December 31, 2015, $44 million as of December 31, 2014 and $51 million as of December 31, 2013, which have been reclassified from long-term other assets to a deduction from the related debt obligations on the consolidated balance sheets. For the Years Ended December 31, 2015 2014 2013 (in millions) Depreciation expense: Latin America $ 94 $ 118 $ 107 Asia Pacific 114 112 107 EEMEA 66 90 88 Europe 274 359 359 North America 165 174 199 Total depreciation expense $ 713 $ 853 $ 860 For the Years Ended December 31, 2015 2014 2013 (in millions) Capital Expenditures: Latin America $ 354 $ 460 $ 412 Asia Pacific 311 356 268 EEMEA 197 219 254 Europe 390 429 478 North America 262 178 210 Total capital expenditures $ 1,514 $ 1,642 $ 1,622
Net Revenues by Geographic Segment	For the Years Ended December 31, 2015 2014 2013 (in millions) Net revenues: United States $ 6,302 $ 6,143 $ 5,965 Other 23,334 28,101 29,334 Total net revenues $ 29,636 $ 34,244 $ 35,299
Long-Lived Assets Excluding Deferred Tax, Goodwill and Intangible Assets by Geographic Segment	As of December 31, 2015 2014 2013 (in millions) Long-lived assets (1) United States $ 1,551 $ 1,564 $ 1,607 Other 7,238 8,801 9,201 Total long-lived assets $ 8,789 $ 10,365 $ 10,808 (1) Long-lived assets no longer includes debt issuance costs related to recognized debt liabilities of $46 million as of December 31, 2015, $44 million as of December 31, 2014 and $51 million as of December 31, 2013, which have been reclassified from long-term other assets to a deduction from the related debt obligations on the consolidated balance sheets.
Net Revenues by Consumer Sector	Net revenues by product category were: For the Year Ended December 31, 2015 Latin Asia North America Pacific EEMEA Europe America Total (in millions) Biscuits $ 1,605 $ 1,264 $ 535 $ 2,420 $ 5,569 $ 11,393 Chocolate 840 1,444 896 4,638 256 8,074 Gum & Candy 1,091 717 544 757 1,149 4,258 Beverages (1) 767 401 543 1,549 – 3,260 Cheese & Grocery 685 534 268 1,164 – 2,651 Total net revenues $ 4,988 $ 4,360 $ 2,786 $ 10,528 $ 6,974 $ 29,636 For the Year Ended December 31, 2014 (2) Latin Asia North America Pacific EEMEA Europe America Total (in millions) Biscuits $ 1,322 $ 1,177 $ 642 $ 2,882 $ 5,486 $ 11,509 Chocolate 1,054 1,555 1,082 5,394 296 9,381 Gum & Candy 1,176 776 646 908 1,154 4,660 Beverages (1) 940 465 981 3,292 – 5,678 Cheese & Grocery 661 632 287 1,436 – 3,016 Total net revenues $ 5,153 $ 4,605 $ 3,638 $ 13,912 $ 6,936 $ 34,244 For the Year Ended December 31, 2013 (2) Latin Asia North America Pacific EEMEA Europe America Total (in millions) Biscuits $ 1,288 $ 1,311 $ 677 $ 2,940 $ 5,480 $ 11,696 Chocolate 1,143 1,632 1,181 5,385 326 9,667 Gum & Candy 1,380 849 673 968 1,185 5,055 Beverages (1) 907 470 1,113 3,340 – 5,830 Cheese & Grocery 664 690 271 1,426 – 3,051 Total net revenues $ 5,382 $ 4,952 $ 3,915 $ 14,059 $ 6,991 $ 35,299 (1) On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segment beverage categories. The decrease in beverages net revenues in 2015 compared to 2014 primarily reflects the coffee business transactions and unfavorable currency on our remaining beverage business. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions – Coffee Business Transactions (2) During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Quarterly Financial Data (Una46

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Operating Results	Our summarized operating results by quarter are detailed below. 2015 Quarters First Second Third Fourth (in millions, except per share data) Net revenues $ 7,762 $ 7,661 $ 6,849 $ 7,364 Gross profit 2,941 3,066 2,670 2,835 Provision for income taxes 113 100 348 32 Equity method investment net losses / (earnings) (1) – – 72 (72 ) Net earnings / (loss) (2) $ 312 $ 427 $ 7,268 $ (716 ) Noncontrolling interest (12 ) 21 2 13 Net earnings / (loss) attributable to Mondelēz International $ 324 $ 406 $ 7,266 $ (729 ) Weighted-average shares for basic EPS 1,648 1,625 1,609 1,589 Plus incremental shares from assumed conversions of 17 18 20 21 Weighted-average shares for diluted EPS 1,665 1,643 1,629 1,610 Per share data: Basic EPS attributable to Mondelēz International: $ 0.20 $ 0.25 $ 4.52 $ (0.46 ) Diluted EPS attributable to Mondelēz International (3) $ 0.19 $ 0.25 $ 4.46 $ (0.46 ) Dividends declared $ 0.15 $ 0.15 $ 0.17 $ 0.17 Market price - high $ 37.88 $ 41.81 $ 48.58 $ 47.42 - low $ 33.97 $ 35.93 $ 38.91 $ 41.55 2014 Quarters First Second Third Fourth (in millions, except per share data) Net revenues $ 8,641 $ 8,436 $ 8,337 $ 8,830 Gross profit 3,204 3,105 3,142 3,146 (Benefit) / provision for income taxes (4) (27 ) 91 178 111 Net earnings (2) $ 150 $ 642 $ 902 $ 507 Noncontrolling interest (13 ) 20 3 7 Net earnings attributable to Mondelēz International $ 163 $ 622 $ 899 $ 500 Weighted-average shares for basic EPS 1,704 1,694 1,688 1,677 Plus incremental shares from assumed conversions of 18 18 17 18 Weighted-average shares for diluted EPS 1,722 1,712 1,705 1,695 Per share data: Basic EPS attributable to Mondelēz International: $ 0.10 $ 0.37 $ 0.53 $ 0.30 Diluted EPS attributable to Mondelēz International: $ 0.09 $ 0.36 $ 0.53 $ 0.29 Dividends declared $ 0.14 $ 0.14 $ 0.15 $ 0.15 Market price - high $ 36.05 $ 38.47 $ 39.54 $ 39.42 - low $ 31.84 $ 34.03 $ 33.93 $ 31.83 (1) Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies – Principles of Consolidation (2) See the following table for significant items that affected the comparability of earnings each quarter. (3) In the fourth quarter of 2015, we recorded a net loss, primarily due to the loss on deconsolidation of Venezuela and coffee business transaction final sales price adjustment. In accordance with U.S. GAAP, due to the net loss in the quarter, diluted EPS was equal to basic EPS. (4) In the fourth quarter of 2014, we recorded a tax benefit of $43 million associated with the lapse of a statute of limitations that related to the third quarter of 2014.
Pre-Tax (Charges) / Gains in Earnings From Continuing Operations	During 2015 and 2014, we recorded the following pre-tax (charges) / gains in earnings from continuing operations: 2015 Quarters First Second Third Fourth (in millions) Asset impairment and exit costs $ (160 ) $ (231 ) $ (155 ) $ (355 ) Remeasurement of net monetary assets in Venezuela (11 ) – – – Loss on deconsolidation of Venezuela – – – (778 ) Gains / (loss) on coffee business transactions and divestiture – 13 7,122 (313 ) Coffee business transactions currency- 551 (144 ) 29 – Loss on early extinguishment of (713 ) – – (40 ) $ (333 ) $ (362 ) $ 6,996 $ (1,486 ) 2014 Quarters First Second Third Fourth (in millions) Asset impairment and exit costs $ (42 ) $ (55 ) $ (188 ) $ (407 ) Remeasurement of net monetary assets in Venezuela (142 ) – (19 ) (6 ) Coffee business transactions currency- – (7 ) 420 215 Loss on early extinguishment of (494 ) (1 ) – – $ (678 ) $ (63 ) $ 213 $ (198 )

Summary of Significant Accoun47

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	Dec. 17, 2015	Oct. 01, 2015	Dec. 31, 2015USD ($)Country		Sep. 30, 2015USD ($)		Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)Country	Dec. 31, 2015USD ($)Country		Dec. 31, 2014USD ($)		Dec. 31, 2013USD ($)		Jul. 02, 2015	Oct. 01, 2012
Summary Of Significant Accounting Policies [Line Items]
Number of countries in which products are sold | Country														165
Change in accounting policy effect of change on net revenue														$ 78				$ 37
Change in accounting policy effect of change on operating results														37				6
After-tax equity method investment net earnings			$ (72)	[1]	$ 72	[1]								56	[2]	$ 113	[2]	107	[2]
Loss on deconsolidation			(778)											(778)
Net revenues			$ 7,364		$ 6,849		$ 7,661	$ 7,762	$ 8,830	$ 8,337	$ 8,436	$ 8,641		29,636		34,244	[3]	35,299	[3]
Operating income														$ 8,897		3,242		3,971
Number of countries in which entity operates | Country			80										80	80
Uncommitted revolving non-recourse accounts receivable factoring arrangements, maximum combined capacity			$ 820										$ 820	$ 820
Losses on receivables sold under combined facilities														(3)		(2)
Outstanding principal amount of receivables sold under combined facilities			$ 570						$ 211				$ 570	570		211
Advertising expense														1,542		1,552		1,721
Research and development expense														$ 409		$ 455		$ 471
Minimum likelihood of tax benefits being recognized upon ultimate settlement			50.00%										50.00%	50.00%
Jacobs Douwe Egberts
Summary Of Significant Accounting Policies [Line Items]
Equity method investment, ownership percentage																				43.50%
Minimum
Summary Of Significant Accounting Policies [Line Items]
Equity method investment, ownership percentage			40.00%						40.00%				40.00%	40.00%		40.00%		40.00%
Maximum
Summary Of Significant Accounting Policies [Line Items]
Equity method investment, ownership percentage			50.00%						50.00%				50.00%	50.00%		50.00%		50.00%
After-tax equity method investment net earnings													$ 1
Machinery and Equipment | Minimum
Summary Of Significant Accounting Policies [Line Items]
Useful life, in years														3 years
Machinery and Equipment | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life, in years														20 years
Buildings and Building Improvements | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life, in years														40 years
Software | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life, in years														7 years
North America And Europe
Summary Of Significant Accounting Policies [Line Items]
Discount rate		6.80%
Latin America, Asia Pacific, and EEMEA
Summary Of Significant Accounting Policies [Line Items]
Discount rate		9.80%
Argentina
Summary Of Significant Accounting Policies [Line Items]
Net revenues														$ 755
Percentage of consolidated net revenues														2.50%
Operating income														$ 45
Percentage of consolidated operating income														0.50%
Kraft Foods Group
Summary Of Significant Accounting Policies [Line Items]
Percentage of shares divested																					100.00%
Argentina, Pesos
Summary Of Significant Accounting Policies [Line Items]
Devalued percentage against US Dollar	36.00%
[1]	Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.
[2]	Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.
[3]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

History of Remeasurement Losses

History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries (Detail) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Venezuela [Line Items]
Net revenues		$ 7,364	$ 6,849	$ 7,661	$ 7,762	$ 8,830	$ 8,337	$ 8,436	$ 8,641	$ 29,636	$ 34,244	[1]	$ 35,299	[1]
Remeasurement losses					$ (11)	(6)	$ (19)		$ (142)
Loss on deconsolidation		(778)								(778)
Venezuela
Venezuela [Line Items]
Net revenues										1,217	760		795
Operating income (excluding remeasurement and deconsolidation losses)										266	181		211
Loss on deconsolidation										(778)
Cash	[2]	611				278				611	278
Net monetary assets	[2]	405				236				405	236
Net assets	[2]	$ 658				$ 500				658	500
Venezuela | Q1 2013: 4.30 to 6.30 bolivars to the U.S. dollar
Venezuela [Line Items]
Remeasurement losses													$ (54)
Venezuela | Q1 2014: 6.30 to 10.70 bolivars to the U.S. dollar
Venezuela [Line Items]
Remeasurement losses											(142)
Venezuela | SICAD I remeasurements through December 31, 2014
Venezuela [Line Items]
Remeasurement losses											$ (25)
Venezuela | Q1 2015: 11.50 to 12.00 bolivars to the U.S. dollar
Venezuela [Line Items]
Remeasurement losses										$ (11)
[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.
[2]	Represents the financial position of our Venezuelan subsidiaries prior to the accounting change on December 31, 2015.

History of Remeasurement Loss49

History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries (Parenthetical) (Detail)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Venezuela [Line Items]
Foreign currency exchange rate translation	12	11.50	10.70	6.30	6.30	4.30

Divestitures and Acquisitions -

Divestitures and Acquisitions - Additional Information (Detail) € in Millions, $ in Millions, ₫ in Billions, ¥ in Billions	Dec. 18, 2015USD ($)	Dec. 18, 2015EUR (€)	Nov. 27, 2015USD ($)	Nov. 27, 2015VND (₫)	Jul. 15, 2015USD ($)	Jul. 15, 2015VND (₫)	Apr. 23, 2015USD ($)	Apr. 23, 2015JPY (¥)	Feb. 16, 2015USD ($)	Dec. 13, 2013USD ($)	Feb. 22, 2013USD ($)	Jan. 31, 2016USD ($)	Mar. 31, 2013USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2016VND (₫)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Mar. 31, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)		Dec. 31, 2013USD ($)		Jul. 06, 2015USD ($)	Jul. 06, 2015EUR (€)	Dec. 31, 2014USD ($)	Mar. 31, 2016	Jul. 02, 2015USD ($)	Jul. 02, 2015EUR (€)	Nov. 10, 2014USD ($)
Acquisition And Dispositions [Line Items]
Gains on coffee business transactions and divestiture																$ (313)	$ 7,122	$ 13								$ 6,822			$ 30
Proceeds from coffee business divestiture currency hedge settlements																										1,050
Equity method investments																5,387				$ 662						5,387	$ 662						$ 662
Net gain (loss) on coffee business divestiture currency hedges																	29	(144)	$ 551	215	$ 420	$ (7)				436	628
Asset impairment and exit costs																(355)	(155)	(231)	(160)	(407)	(188)	(55)	$ (42)			901	692		273
Equity method investments' other comprehensive (losses) earnings																										(137)	(28)		(1)
Equity method investment, pro rata share of capital increase																										544
Income (loss) from discontinued operations, net of tax																													1,603
Spin-Off costs																											35		62				1,200
Escrow Deposit																																					$ 46
Business acquisition, goodwill																20,664				23,389				$ 25,597		20,664	23,389		25,597				$ 23,389
Acquisition-related costs																										8	2		2
Net revenues																7,364	6,849	$ 7,661	$ 7,762	$ 8,830	$ 8,337	$ 8,436	$ 8,641			29,636	34,244	[1]	35,299	[1]
Operating income																										8,897	3,242		3,971
Acquisition, net of cash received																										527	7		119
Proceeds from sale of operations																										4,735			60
(Gains) / losses on divestitures, net																													8
Enjoy Life Foods
Acquisition And Dispositions [Line Items]
Cash paid for acquisition																										81
Business acquisition, goodwill									$ 20							20										20
Other net assets (liabilities) acquired																3										3
Business combination, consideration transferred									81
Intangible assets acquired									$ 58							58										58
Starbucks Arbitration
Acquisition And Dispositions [Line Items]
Total cash compensation										$ 2,764
Fair market value of agreement										135.00%
Prejudgment interest																								521
Income (loss) from discontinued operations, before tax																								2,500
Income (loss) from discontinued operations, net of tax																								1,600
Coffee Business
Acquisition And Dispositions [Line Items]
Gains on coffee business transactions and divestiture																	7,100									6,809
Gains on coffee business transactions and divestiture, after tax																										6,600
Proceeds from divestiture of businesses																															$ 4,200	€ 3,800
Divestiture of business, receivable																																			$ 794
Cash and receivables recorded related to the reimbursement of costs incurred from separating a business																	$ 283
Reduction in pre-tax gain on coffee business transactions and divestiture																313
Net gain (loss) on coffee business divestiture currency hedges																										(436)	$ (628)
Settlement losses																										90
Kraft Foods Group
Acquisition And Dispositions [Line Items]
Cash received from Kraft Foods Group related to the Spin-Off													$ 55
Kraft Foods Group | Starbucks Arbitration
Acquisition And Dispositions [Line Items]
Attorney's fees																								15
Japanese Coffee Joint Venture
Acquisition And Dispositions [Line Items]
Sale of stock, percentage of ownership before transaction							50.00%	50.00%
Divestiture of investment in joint venture																99										99
Pre-tax gain on divestiture of joint venture																										13
After-tax loss on divestiture of joint venture																										9
Goodwill divested																65										65
Divested cumulative translation losses in connection with the sale																										41
Proceeds from divestiture of interest							$ 225	¥ 27
Amount of expenses associated with business disposal																										$ 7
Product Concentration Risk | Net Revenues | Snacks
Acquisition And Dispositions [Line Items]
Concentration risk, percentage																										85.00%	85.00%
Vietnam
Acquisition And Dispositions [Line Items]
Cash paid for acquisition					$ 534	₫ 11,645
Percentage of equity interest acquired					80.00%
Escrow Deposit					$ 44
Cash paid for acquisition					418	9,122
Vietnam acquisition sales price adjustment			$ 9	₫ 197
Net revenues																										$ 121
Operating income																										21
Vietnam | Scenario, Forecast
Acquisition And Dispositions [Line Items]
Escrow Deposit														$ 90
Partial payment for the non-compete and continued consulting agreements														$ 34	₫ 759
Remaining interest in biscuit operation to be acquired														20.00%
Vietnam | Non-compete and Consulting Agreements [Member]
Acquisition And Dispositions [Line Items]
Partial payment for the non-compete and continued consulting agreements					35	₫ 759
Morocco
Acquisition And Dispositions [Line Items]
Cash paid for acquisition											$ 155
Business acquisition, goodwill																								209					209
Acquisition-related costs																									$ 7
Business integration costs																											$ 4		4
Intangible assets acquired																								48					48
Acquisition, net of cash received											119
Cash acquired											$ 36
Pre-tax gain on acquisition																									$ 22
Europe
Acquisition And Dispositions [Line Items]
Proceeds from sale of property																													37
U.K.
Acquisition And Dispositions [Line Items]
Receivable related to property sale																								27					27
Property sale accounts receivable, current																								$ 2					2
U.K. | Subsequent Event
Acquisition And Dispositions [Line Items]
Proceeds from sale of property												$ 25
India
Acquisition And Dispositions [Line Items]
Proceeds from sale of property																													53
Acorn Holdings BV
Acquisition And Dispositions [Line Items]
Percentage of equity interest acquired by other parties																																			56.50%	56.50%
Preliminary Valuation | Vietnam
Acquisition And Dispositions [Line Items]
Business acquisition, property, plant and equipment					47
Business acquisition, goodwill					461											$ 461										461
Business acquisition, inventory					10
Other net assets (liabilities) acquired					$ (19)
Selling, general and administrative expenses | Vietnam
Acquisition And Dispositions [Line Items]
Acquisition-related costs																										7	2
Business integration costs																										9
Selling, general and administrative expenses | Europe
Acquisition And Dispositions [Line Items]
Gain on sale of property																													29
Selling, general and administrative expenses | India
Acquisition And Dispositions [Line Items]
Gain on sale of property																													$ 39
Europe And EEMEA segments | Coffee Business
Acquisition And Dispositions [Line Items]
Asset impairment and exit costs																										123
Europe And EEMEA segments | Selling, general and administrative expenses
Acquisition And Dispositions [Line Items]
Expenses related to readying businesses for planned transactions																										278	77
Jacobs Douwe Egberts
Acquisition And Dispositions [Line Items]
Equity method investment, ownership percentage																																			43.50%	43.50%
Equity method investments																																			$ 4,500	€ 4,100
Equity method investment, pro rata share of capital increase	$ 544	€ 499
Jacobs Douwe Egberts | Scenario, Forecast | Keurig Green Mountain Inc.
Acquisition And Dispositions [Line Items]
Equity method investment, ownership percentage																																		26.50%
Jacobs Douwe Egberts | Non-cash
Acquisition And Dispositions [Line Items]
Equity method investment, pro rata share of capital increase	501	460
Jacobs Douwe Egberts | Cash
Acquisition And Dispositions [Line Items]
Equity method investment, pro rata share of capital increase	$ 43	€ 39
Derivatives Designated as Hedging Instruments | Foreign Exchange Forward
Acquisition And Dispositions [Line Items]
Proceeds from coffee business divestiture currency hedge settlements																															1,000
Proceeds from divestiture of businesses																															5,200
Net gain (loss) on coffee business divestiture currency hedges																										$ 436	$ 628
Derivatives Designated as Hedging Instruments | Currency Exchange Forward Contracts
Acquisition And Dispositions [Line Items]
Proceeds from coffee business divestiture currency hedge settlements																															$ 1,000
[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Pre-tax earnings of Coffee Busi

Pre-tax earnings of Coffee Businesses (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jul. 02, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Earnings before income taxes		$ 7,884	$ 2,554	$ 2,392
Coffee Business
Business Acquisition [Line Items]
Earnings before income taxes	$ 342		$ 646	$ 700

Assets and Liabilities Deconsol

Assets and Liabilities Deconsolidated (Detail) - Coffee Business - USD ($) $ in Millions	Dec. 31, 2015	Jul. 02, 2015
Liabilities
Accrued pension costs	$ 131
Discontinued Operations, Disposed of by Sale
Assets
Cash and cash equivalents	488
Trade receivables	468
Other receivables	24
Inventories, net	469	$ 469
Deferred income taxes	6
Other current assets	44
Property, plant and equipment, net	751	$ 751
Goodwill	1,664
Intangible assets, net	0
Other assets	35
Assets divested	3,949
Liabilities
Accounts payable	438
Accrued marketing	290
Accrued employment costs	29
Other current liabilities	63
Deferred income taxes	63
Accrued pension costs	131
Other liabilities	4
Liabilities divested	1,018
Net assets	2,931
Discontinued Operations, Disposed of by Sale | Other current assets
Assets
Assets divested	1,499
Discontinued Operations, Disposed of by Sale | Other Noncurrent Assets
Assets
Assets divested	2,450
Discontinued Operations, Disposed of by Sale | Other current liabilities
Liabilities
Liabilities divested	820
Discontinued Operations, Disposed of by Sale | Other liabilities
Liabilities
Liabilities divested	$ 198

Summary Financial Information f

Summary Financial Information for Equity Method Investments (Detail) - USD ($) $ in Millions		3 Months Ended				6 Months Ended	12 Months Ended
		Dec. 31, 2015		Sep. 30, 2015	[2]	Dec. 31, 2015	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Summary Balance Sheet for Equity Method Investments
Current assets		$ 3,943				$ 3,943	$ 3,943		$ 1,120
Non-Current assets		20,936				20,936	20,936		835
Total assets		24,879				24,879	24,879		1,955
Current liabilities		2,779				2,779	2,779		564
Non-Current liabilities		9,880				9,880	9,880		62
Total liabilities		12,659				$ 12,659	12,659		626
Summary Statement of Operations for Equity Method Investments
Net revenues							4,993		2,721		$ 2,749
Gross profit							1,551		921		952
Income from continuing operations							96		226		214
Net income	[1]						97		226		214
Net income attributable to investees	[1]						97		226		214
Mondelz International share of investee net income		$ (72)	[2]	$ 72			$ 56	[3]	$ 113	[3]	$ 107	[3]
Minimum
Summary Statement of Operations for Equity Method Investments
Mondelz International ownership interests		40.00%				40.00%	40.00%		40.00%		40.00%
Maximum
Summary Statement of Operations for Equity Method Investments
Mondelz International ownership interests		50.00%				50.00%	50.00%		50.00%		50.00%
Mondelz International share of investee net income						$ 1
[1]	Includes $33 million of amortization expense related to a basis difference between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of their equity.
[2]	Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.
[3]	Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.

Summary Financial Information54

Summary Financial Information for Equity Method Investments (Parenthetical) (Detail) - USD ($) $ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Dec. 31, 2015

[1]

Sep. 30, 2015

[1]

Dec. 31, 2015

Jul. 02, 2015

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Schedule of Equity Method Investments [Line Items]

After-tax equity method investment net earnings

$ (72)

$ 72

$ 56

[2]

$ 113

[2]

$ 107

[2]

Operating income

8,897

3,242

3,971

US GAAP basis difference from equity method investments

Schedule of Equity Method Investments [Line Items]

Amortization expense

$ 33

33

33

Maximum

Schedule of Equity Method Investments [Line Items]

After-tax equity method investment net earnings

$ 1

Equity Method Investments

Schedule of Equity Method Investments [Line Items]

Operating income

$ 56

$ 113

$ 107

[1]

Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.

[2]

Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.

Components of Inventories (Deta

Components of Inventories (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Inventory [Line Items]
Raw materials	$ 782	$ 1,215
Finished product	1,930	2,434
Inventory, Gross, Total	2,712	3,649
Inventory reserves	(103)	(169)
Inventories, net	$ 2,609	$ 3,480

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Jul. 02, 2015
Discontinued Operations, Disposed of by Sale | Coffee Business
Inventory [Line Items]
Divested net inventory	$ 469	$ 469

Property, Plant and Equipment57

Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,554	$ 16,912
Accumulated depreciation	(6,192)	(7,085)
Property, plant and equipment, net	8,362	9,827
Land and Land Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	495	574
Buildings and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,753	3,117
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,044	11,737
Construction in Progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,262	$ 1,484

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 02, 2015
Property, Plant and Equipment [Line Items]
Capital expenditures	$ 1,514	$ 1,642	$ 1,622
Accrued capital expenditures unpaid	322
Payments for capital expenditures accrued in the prior year		388
Asset impairment charges	345	240	97
Discontinued Operations, Disposed of by Sale | Coffee Business
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	751			$ 751
2012-2014 Restructuring Program and 2014-2018 Restructuring Program
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 264	$ 173	$ 89

Summary of Asset Impairment and

Summary of Asset Impairment and Exit Costs (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	$ 345	$ 240	$ 97
2012-2014 Restructuring Program and 2014-2018 Restructuring Program
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	264	173	89
2012-2014 Restructuring Program and 2014-2018 Restructuring Program | Latin America Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	46	14
2012-2014 Restructuring Program and 2014-2018 Restructuring Program | Asia Pacific Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	80	23	2
2012-2014 Restructuring Program and 2014-2018 Restructuring Program | EEMEA Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	9	16
2012-2014 Restructuring Program and 2014-2018 Restructuring Program | Europe Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	64	37	27
2012-2014 Restructuring Program and 2014-2018 Restructuring Program | North America Segment
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset impairment charges	$ 65	$ 83	$ 60

Goodwill by Reportable Segment

Goodwill by Reportable Segment (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Goodwill	$ 20,664	$ 23,389	$ 25,597
Latin America Segment
Segment Reporting Information [Line Items]
Goodwill	858	1,127
Asia Pacific Segment
Segment Reporting Information [Line Items]
Goodwill	2,520	2,395
EEMEA Segment
Segment Reporting Information [Line Items]
Goodwill	1,304	1,942
Europe Segment
Segment Reporting Information [Line Items]
Goodwill	7,117	8,952
North America Segment
Segment Reporting Information [Line Items]
Goodwill	$ 8,865	$ 8,973

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Intangible Assets [Line Items]
Non-amortizable intangible assets	$ 17,527	$ 18,810
Amortizable intangible assets	2,320	2,525
Total intangible assets, gross	19,847	21,335	$ 22,919
Accumulated amortization	(1,079)	(1,000)
Intangible assets, net	$ 18,768	$ 20,335

Goodwill and Intangible Asset62

Goodwill and Intangible Assets - Additional Information (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)Brand	Dec. 31, 2015USD ($)Brand	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense for intangible assets		$ 181	$ 206	$ 217
Estimated amortization expense in year 1	$ 180	180
Estimated amortization expense in year 2	180	180
Estimated amortization expense in year 3	180	180
Estimated amortization expense in year 4	180	180
Estimated amortization expense in year 5	$ 180	180
Impairment of goodwill		0	0	$ 0
Asset impairment charges on intangible assets		$ 83	57
Number of brands | Brand	7	7
Intangible asset, aggregate book value	$ 17,527	$ 17,527	18,810
Loss on deconsolidation of Venezuela	(778)	$ (778)
Weighted Average
Goodwill and Intangible Assets Disclosure [Line Items]
Life of our amortizable intangible assets (in years)		13 years 7 months 6 days
Fair Value Over Book Value 10% or Less
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible asset, aggregate book value	$ 598	$ 598
Asia Pacific Segment
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges on intangible assets		44	48
Europe Segment
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges on intangible assets		22	9
Latin America Segment
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges on intangible assets		5
Trademarks
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges on intangible assets		71	$ 57
Loss on deconsolidation of Venezuela		$ 12

Changes in Goodwill and Intangi

Changes in Goodwill and Intangible Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill And Intangible Assets [Line Items]
Goodwill beginning balance	$ 23,389	$ 25,597
Goodwill, Currency	(1,477)	(2,256)
Goodwill, Coffee business transactions and divestiture divestiture	(1,729)
Goodwill, Acquisition	481
Goodwill, Asset impairments	0	0	$ 0
Goodwill, Other		48
Goodwill ending balance	20,664	23,389	25,597
Intangible Assets, at Cost beginning balance	21,335	22,919
Intangible Assets, Currency	(1,462)	(1,528)
Intangible Assets, Acquisition	58
Intangible Assets, Asset impairments	(83)	(57)
Intangible Assets, Other	(1)	1
Intangible Assets, at Cost ending balance	$ 19,847	$ 21,335	$ 22,919

Changes in Goodwill and Intan64

Changes in Goodwill and Intangible Assets (Parenthetical) (Detail) - USD ($) $ in Millions	Jul. 02, 2015	Apr. 23, 2015	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Jul. 15, 2015	Feb. 16, 2015	Dec. 31, 2013
Goodwill And Intangible Assets [Line Items]
Goodwill, Deconsolidation and Divestiture				$ 1,729
Business acquisition, goodwill			$ 20,664	20,664	$ 23,389			$ 25,597
Asset impairment charges on intangible assets				83	57
Loss on deconsolidation of Venezuela			(778)	(778)
Trademarks
Goodwill And Intangible Assets [Line Items]
Asset impairment charges on intangible assets				71	$ 57
Loss on deconsolidation of Venezuela				12
Enjoy Life Foods
Goodwill And Intangible Assets [Line Items]
Business acquisition, goodwill			20	20			$ 20
Intangible assets acquired			58	58			$ 58
Vietnam
Goodwill And Intangible Assets [Line Items]
Percentage of equity interest acquired						80.00%
Vietnam | Preliminary Valuation
Goodwill And Intangible Assets [Line Items]
Business acquisition, goodwill			$ 461	$ 461		$ 461
Coffee Business
Goodwill And Intangible Assets [Line Items]
Goodwill, Deconsolidation and Divestiture	$ 1,664
Coffee Business | Maximum
Goodwill And Intangible Assets [Line Items]
Intangible Assets,Deconsolidation and Divestiture	$ 1
Japanese Coffee Joint Venture
Goodwill And Intangible Assets [Line Items]
Goodwill, Deconsolidation and Divestiture		$ 65
Sale of stock, percentage of ownership before transaction		50.00%

Restructuring Programs - Additi

Restructuring Programs - Additional Information (Detail) - USD ($)	May. 06, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2015		Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost related to capital expenditure		$ 1,514,000,000	$ 1,642,000,000	$ 1,622,000,000
Severance and Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges			73,000,000
2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost			925,000,000					$ 925,000,000
Restructuring and related cost, cost incurred			459,000,000	330,000,000				899,000,000	[1]
Restructuring charges		(4,000,000)	360,000,000	267,000,000				729,000,000	[1]
Cash spent		66,000,000	130,000,000
Non-cash asset write-downs		4,000,000	161,000,000
Restructuring reserve		47,000,000	128,000,000	68,000,000		$ 47,000,000		128,000,000
Implementation costs			99,000,000	63,000,000				170,000,000	[1]
Restructuring and related activities, authorized amount					$ 1,500,000,000
Restructuring and related cost, cost incurred			899,000,000					899,000,000
Reversal to restructuring charges		4,000,000
2012-2014 Restructuring Program | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Implementation costs			99,000,000	63,000,000
2012-2014 Restructuring Program | Other current liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve		46,000,000				46,000,000
2012-2014 Restructuring Program | Other liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve		1,000,000				1,000,000
2012-2014 Restructuring Program | Severance and Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		(4,000,000)	201,000,000
Cash spent		66,000,000	130,000,000
Non-cash asset write-downs		4,000,000	2,000,000
Restructuring reserve		47,000,000	128,000,000	$ 68,000,000		47,000,000		128,000,000
2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	$ 3,500,000,000
Restructuring and related cost, cost incurred		1,002,000,000	381,000,000			1,383,000,000	[2]
Restructuring charges		711,000,000	274,000,000			985,000,000	[2]
Cash spent		243,000,000	17,000,000
Non-cash asset write-downs		273,000,000	28,000,000
Restructuring reserve		395,000,000	224,000,000			395,000,000		224,000,000
Implementation costs		291,000,000	107,000,000			398,000,000	[2]
2014-2018 Restructuring Program | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Implementation costs		291,000,000	107,000,000
2014-2018 Restructuring Program | Other current liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve		351,000,000				351,000,000
2014-2018 Restructuring Program | Other liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve		44,000,000				44,000,000
2014-2018 Restructuring Program | Maximum
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost related to capital expenditure	2,200,000,000
2014-2018 Restructuring Program | Cash Expense
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	2,500,000,000
2014-2018 Restructuring Program | Non Cash Expense
Restructuring Cost and Reserve [Line Items]
Approved restructuring program cost	$ 1,000,000,000
2014-2018 Restructuring Program | Severance and Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges		442,000,000	251,000,000
Cash spent		243,000,000	17,000,000
Non-cash asset write-downs		4,000,000	5,000,000
Restructuring reserve		$ 395,000,000	224,000,000			$ 395,000,000		$ 224,000,000
2014 Restructuring Charges | Severance and Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges			52,000,000
2013 Restructuring Charges | Severance and Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 21,000,000
[1]	Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.
[2]	Includes all charges recorded since program inception on May 6, 2014 through December 31, 2015.

Schedule of Restructuring Costs

Schedule of Restructuring Costs (Detail) - USD ($) $ in Millions	12 Months Ended			20 Months Ended		36 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015		Dec. 31, 2014
2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Balance at beginning of period	$ 128	$ 68
Charges	(4)	360	$ 267			$ 729	[1]
Cash spent	(66)	(130)
Non-cash settlements / adjustments	(4)	(161)
Currency	(7)	(9)
Balance at end of period	47	128	68	$ 47		128
2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Balance at beginning of period	224
Charges	711	274		985	[2]
Cash spent	(243)	(17)
Non-cash settlements / adjustments	(273)	(28)
Currency	(24)	(5)
Balance at end of period	395	224		395		224
Severance and Related Costs
Restructuring Cost and Reserve [Line Items]
Charges		73
Severance and Related Costs | 2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Balance at beginning of period	128	68
Charges	(4)	201
Cash spent	(66)	(130)
Non-cash settlements / adjustments	(4)	(2)
Currency	(7)	(9)
Balance at end of period	47	128	$ 68	47		128
Severance and Related Costs | 2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Balance at beginning of period	224
Charges	442	251
Cash spent	(243)	(17)
Non-cash settlements / adjustments	(4)	(5)
Currency	(24)	(5)
Balance at end of period	395	224		$ 395		$ 224
Asset Write-Downs | 2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges		159
Non-cash settlements / adjustments		(159)
Asset Write-Downs | 2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges	269	23
Non-cash settlements / adjustments	$ (269)	$ (23)
[1]	Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.
[2]	Includes all charges recorded since program inception on May 6, 2014 through December 31, 2015.

Restructuring and Implementatio

Restructuring and Implementation Costs (Detail) - USD ($) $ in Millions		12 Months Ended			20 Months Ended		36 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	[2]	Dec. 31, 2014	[1]
2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		$ (4)	$ 360	$ 267			$ 729
Implementation costs			99	63			170
Total			459	330			899
2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		711	274		$ 985
Implementation costs		291	107		398
Total		1,002	381		1,383
Operating Segments | 2012-2014 Restructuring Program | Latin America Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs			8	21			36
Implementation costs			3				3
Total			11	21			39
Operating Segments | 2012-2014 Restructuring Program | Asia Pacific Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs			34	2			36
Implementation costs			6				6
Total			40	2			42
Operating Segments | 2012-2014 Restructuring Program | EEMEA Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs			57	12			69
Implementation costs			2	2			4
Total			59	14			73
Operating Segments | 2012-2014 Restructuring Program | Europe Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs			148	95			249
Implementation costs			52	36			88
Total			200	131			337
Operating Segments | 2012-2014 Restructuring Program | North America Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs			113	135			337
Implementation costs			32	25			65
Total			145	160			402
Operating Segments | 2014-2018 Restructuring Program | Latin America Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		145	81		226
Implementation costs		39	16		55
Total		184	97		281
Operating Segments | 2014-2018 Restructuring Program | Asia Pacific Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		133	16		149
Implementation costs		19	9		28
Total		152	25		177
Operating Segments | 2014-2018 Restructuring Program | EEMEA Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		63	19		82
Implementation costs		12	4		16
Total		75	23		98
Operating Segments | 2014-2018 Restructuring Program | Europe Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		228	91		319
Implementation costs		73	37		110
Total		301	128		429
Operating Segments | 2014-2018 Restructuring Program | North America Segment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		114	57		171
Implementation costs		69	5		74
Total		183	62		245
Corporate | 2012-2014 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	[3]			2			2
Implementation costs	[3]		4				4
Total	[3]		4	$ 2			$ 6
Corporate | 2014-2018 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	[3]	28	10		38
Implementation costs	[3]	79	36		115
Total	[3]	$ 107	$ 46		$ 153
[1]	Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.
[2]	Includes all charges recorded since program inception on May 6, 2014 through December 31, 2015.
[3]	Includes adjustment for rounding.

Integration Program and Cost 68

Integration Program and Cost Savings Initiatives - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Vietnam | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	$ 9
Morocco
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost		$ 4	$ 4
Cost Savings Initiatives
Restructuring Cost and Reserve [Line Items]
Charges incurred			20
Cadbury Integration Program
Restructuring Cost and Reserve [Line Items]
Expected cost savings to be recognized			750
Annual cost savings achieved				$ 800
Restructuring and related cost, cost incurred			1,500
Reversal of integration charges		8
Restructuring reserve	36	58	145
Cadbury Integration Program | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Charges incurred			216
Cadbury Integration Program | Other current liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	10
Cadbury Integration Program | Other liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	26
Other Integration Costs | Vietnam
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	$ 9
Other Integration Costs | Morocco
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost		$ 4	$ 4

Schedule of Liability Activity

Schedule of Liability Activity for Integration Programs (Detail) - Cadbury Integration Program - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Integration Program [Line Items]
Balance at beginning of period	$ 58	$ 145
Reversal of integration charges		(8)
Cash spent	(15)	(69)
Currency / other	(7)	(10)
Balance at end of period	$ 36	$ 58

Short-Term Borrowings and Relat

Short-Term Borrowings and Related Weighted-Average Interest Rates (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Short-term Debt [Line Items]
Amount outstanding	$ 236	$ 1,305
Commercial Paper
Short-term Debt [Line Items]
Amount outstanding		$ 1,101
Weighted-average rate	0.00%	0.40%
Bank Loans
Short-term Debt [Line Items]
Amount outstanding	$ 236	$ 204
Weighted-average rate	9.50%	8.80%

Debt and Borrowing Arrangemen71

Debt and Borrowing Arrangements - Additional Information (Detail) € in Millions, £ in Millions, SFr in Millions

Feb. 09, 2016USD ($)

Jan. 26, 2016USD ($)

Jan. 21, 2016USD ($)

Nov. 30, 2015USD ($)

Nov. 25, 2015USD ($)

Jun. 11, 2015EUR (€)

Mar. 30, 2015USD ($)

Mar. 20, 2015USD ($)

Mar. 20, 2015EUR (€)

Mar. 06, 2015USD ($)

Dec. 11, 2014GBP (£)

Feb. 19, 2014USD ($)

Feb. 06, 2014USD ($)

Jan. 16, 2014USD ($)

Feb. 06, 2001USD ($)

Dec. 31, 2015USD ($)

Mar. 31, 2015USD ($)

Jun. 30, 2014USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Jan. 31, 2016USD ($)

Jan. 26, 2016CHF (SFr)

Jan. 21, 2016EUR (€)

Nov. 30, 2015GBP (£)

Nov. 25, 2015GBP (£)

Oct. 06, 2015USD ($)

Oct. 06, 2015CHF (SFr)

Mar. 30, 2015CHF (SFr)

Mar. 06, 2015GBP (£)

Mar. 06, 2015EUR (€)

Feb. 06, 2015USD ($)

Debt Instrument [Line Items]

Revolving credit facility debt covenant

$ 24,600,000,000

Deferred debt issuance costs

$ 46,000,000

46,000,000

$ 44,000,000

$ 51,000,000

Unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments

(70,000,000)

Debt instrument, principal amount

4,975,000,000

3,017,000,000

7,559,000,000

Debt instrument, principal amount

$ 3,000,000,000

Cash tender offer amount

$ 2,500,000,000

$ 1,560,000,000

Loss on extinguishment of debt

$ (748,000,000)

$ (493,000,000)

$ (608,000,000)

Weighted-average interest rate

3.70%

3.70%

4.30%

Fair value of total debt

$ 15,908,000,000

$ 15,908,000,000

$ 18,463,000,000

Carrying value of total debt

15,398,000,000

15,398,000,000

16,656,000,000

International Subsidiaries

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

1,900,000,000

1,900,000,000

2,100,000,000

Line of credit facility outstanding amount

236,000,000

236,000,000

$ 204,000,000

Revolving Credit Facility, October 11, 2018

Debt Instrument [Line Items]

Revolving credit facility, maximum borrowing capacity

4,500,000,000

$ 4,500,000,000

Revolving credit facility expiration date

Oct. 11, 2018

Revolving credit facility debt covenant terms

Minimum shareholders' equity of at least $24.6 billion, excluding accumulated other comprehensive earnings / (losses) and the cumulative effects of any changes in accounting principles.

Revolving credit facility debt covenant compliance

At December 31, 2015, we [complied with] the covenant

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

38,000,000,000

$ 38,000,000,000

Line of credit facility outstanding amount

0

0

Floating Rate Notes | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 400,000,000

Deb instrument maturity date

Feb. 1, 2019

Debt instrument basis spread on variable rate

0.52%

Swiss franc notes

Debt Instrument [Line Items]

Debt instrument, principal amount

410,000,000

$ 694,000,000

410,000,000

SFr 400

SFr 675

Net proceeds from issuance of notes

$ 675,000,000

410,000,000

Discounts and deferred financing costs

2,000,000

Swiss franc notes | Maximum

Debt Instrument [Line Items]

Discounts and deferred financing costs

1,000,000

1,000,000

Euro notes

Debt Instrument [Line Items]

Debt instrument, principal amount | €

€ 400

Seven Point Two Five Zero Percent Notes

Debt Instrument [Line Items]

Debt instrument interest rate

7.25%

7.25%

Cash tender offer amount

$ 372,000,000

£ 247

Debt instrument maturity Year

2018-07

Four Point Five Zero Zero Percent Notes

Debt Instrument [Line Items]

Debt instrument interest rate

4.50%

4.50%

Debt instrument, principal amount

609,000,000

$ 609,000,000

£ 400

Deb instrument maturity date

Dec. 3, 2035

Net proceeds from issuance of notes

$ 604,000,000

Discounts and deferred financing costs

$ 5,000,000

Loss on extinguishment of debt

$ (40,000,000)

0.000% Fixed Rate Notes, mature on March 30, 2017

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 180,000,000

SFr 175

Debt instrument, fixed interest rate

0.00%

0.00%

Deb instrument maturity date

Mar. 30, 2017

0.625% Fixed Rate Notes, mature on December 30, 2021

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 308,000,000

SFr 300

Debt instrument, fixed interest rate

0.625%

0.625%

Deb instrument maturity date

Dec. 30, 2021

1.125% Fixed Rate Notes, mature on December 30, 2025

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 206,000,000

SFr 200

Debt instrument, fixed interest rate

1.125%

1.125%

Deb instrument maturity date

Dec. 30, 2025

Euro-denominated notes

Debt Instrument [Line Items]

Debt instrument, principal amount | €

€ 2,000

Euro-denominated notes | 6.250% Senior Notes

Debt Instrument [Line Items]

Debt instrument, principal amount | €

€ 850

Debt instrument interest rate

6.25%

Tender Offer

Debt Instrument [Line Items]

Loss on extinguishment of debt

(708,000,000)

$ (493,000,000)

Tender Offer | Cash Flow Hedges | Interest rate contracts

Debt Instrument [Line Items]

Interest expense

$ 5,000,000

$ 2,000,000

Tender Offer | 6.500% Notes due in August 2017

Debt Instrument [Line Items]

Debt instrument interest rate

6.50%

Debt instrument repurchased, principal amount

$ 102,000,000

Debt instrument expiration

2017-08

Tender Offer | 6.125% Notes due in February 2018

Debt Instrument [Line Items]

Debt instrument interest rate

6.125%

Debt instrument repurchased, principal amount

$ 115,000,000

Debt instrument expiration

2018-02

Tender Offer | 6.125% Notes due in August 2018

Debt Instrument [Line Items]

Debt instrument interest rate

6.125%

Debt instrument repurchased, principal amount

$ 80,000,000

Debt instrument expiration

2018-08

Tender Offer | 5.375% Notes due in February 2020

Debt Instrument [Line Items]

Debt instrument interest rate

5.375%

Debt instrument repurchased, principal amount

$ 691,000,000

Debt instrument expiration

2020-02

Tender Offer | 6.500% Notes due in November 2031

Debt Instrument [Line Items]

Debt instrument interest rate

6.50%

Debt instrument repurchased, principal amount

$ 201,000,000

Debt instrument expiration

2031-11

Tender Offer | 7.000% Notes due in August 2037

Debt Instrument [Line Items]

Debt instrument interest rate

7.00%

7.00%

Debt instrument repurchased, principal amount

$ 26,000,000

$ 393,000,000

Debt instrument expiration

2037-08

2037-08

Tender Offer | 6.875% Notes due in February 2038

Debt Instrument [Line Items]

Debt instrument interest rate

6.875%

6.875%

Debt instrument repurchased, principal amount

$ 71,000,000

$ 382,000,000

Debt instrument expiration

2038-02

2038-02

Tender Offer | 6.875% Notes due in January 2039

Debt Instrument [Line Items]

Debt instrument interest rate

6.875%

6.875%

Debt instrument repurchased, principal amount

$ 69,000,000

$ 250,000,000

Debt instrument expiration

2039-01

2039-01

Tender Offer | 6.500% Notes due in February 2040

Debt Instrument [Line Items]

Debt instrument interest rate

6.50%

6.50%

Debt instrument repurchased, principal amount

$ 1,143,000,000

$ 535,000,000

Debt instrument expiration

2040-02

2040-02

Euro-denominated and British pound sterling-denominated notes

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 2,800,000,000

$ 2,800,000,000

Net proceeds from issuance of notes

2,890,000,000

Discounts and deferred financing costs

29,000,000

British pound sterling-denominated notes

Debt Instrument [Line Items]

Debt instrument, principal amount | £

£ 450

1.000% Fixed rate notes, due March 7, 2022

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 537,000,000

€ 500

Debt instrument, fixed interest rate

1.00%

1.00%

1.00%

Deb instrument maturity date

Mar. 7, 2022

1.625% Fixed rate notes due , March 8, 2027

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 805,000,000

€ 750

Debt instrument, fixed interest rate

1.625%

1.625%

1.625%

Deb instrument maturity date

Mar. 8, 2027

2.375% Fixed rate notes, due March 6, 2035

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 805,000,000

€ 750

Debt instrument, fixed interest rate

2.375%

2.375%

2.375%

Deb instrument maturity date

Mar. 6, 2035

3.875% Fixed rate notes, due March 6, 2045

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 667,000,000

£ 450

Debt instrument, fixed interest rate

3.875%

3.875%

3.875%

Deb instrument maturity date

Mar. 6, 2045

5.375%

Debt Instrument [Line Items]

Debt instrument, principal amount | £

£ 300

Debt instrument interest rate

5.375%

6.75% Notes

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 500,000,000

Debt instrument interest rate

6.75%

2.250% Fixed Rate Notes

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 850,000,000

Debt instrument, fixed interest rate

2.25%

Deb instrument maturity date

Feb. 1, 2019

4.000% Fixed Rate Notes

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 1,750,000,000

Debt instrument, fixed interest rate

4.00%

Deb instrument maturity date

Feb. 1, 2024

Us Dollar

Debt Instrument [Line Items]

Net proceeds from issuance of notes

$ 2,982,000,000

Discounts and deferred financing costs

$ 18,000,000

0.625% Fixed Rate Notes, mature on October 6, 2020

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 138,000,000

SFr 135

Debt instrument, fixed interest rate

0.625%

0.625%

Deb instrument maturity date

Oct. 6, 2020

1.125% Fixed Rate Notes, mature on December 21, 2023

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 272,000,000

SFr 265

Debt instrument, fixed interest rate

1.125%

1.125%

Deb instrument maturity date

Dec. 21, 2023

Subsequent Event | 4.125% U.S. dollar Notes

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 1,750,000,000

Debt instrument interest rate

4.125%

Subsequent Event | 4.125% U.S. dollar Notes | January 26 & 21 issuances

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 1,150,000,000

Subsequent Event | Swiss franc notes

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 399,000,000

SFr 400

Net proceeds from issuance of notes

398,000,000

Discounts and deferred financing costs

1,000,000

Subsequent Event | Euro notes

Debt Instrument [Line Items]

Debt instrument, principal amount | €

€ 700

Subsequent Event | 0.080% Fixed Rate Notes, mature on January 26, 2018

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 249,000,000

SFr 250

Debt instrument, fixed interest rate

0.08%

0.08%

Deb instrument maturity date

Jan. 26, 2018

Subsequent Event | 0.650% Fixed Rate Notes, mature on July 26, 2022

Debt Instrument [Line Items]

Debt instrument, principal amount

$ 150,000,000

SFr 150

Debt instrument, fixed interest rate

0.65%

0.65%

Deb instrument maturity date

Jul. 26, 2022

Subsequent Event | One Point Six Two Five Percentage Notes Due January Twenty Twenty Three

Debt Instrument [Line Items]

Debt instrument interest rate

1.625%

1.625%

Debt instrument, principal amount

$ 760,000,000

€ 700

Deb instrument maturity date

Jan. 20, 2023

Net proceeds from issuance of notes

$ 752,000,000

Discounts and deferred financing costs

$ 8,000,000

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
U.S. Dollar notes	$ 8,371	$ 10,836
Notes payable	15,232
Capital leases and other obligations	12	31
Total	15,162	15,351
Less current portion of long-term debt	(605)	(1,530)
Long-term debt	14,557	13,821
Euro notes
Debt Instrument [Line Items]
Notes payable	4,305	3,911
Pound sterling notes
Debt Instrument [Line Items]
Notes payable	1,399	$ 573
Swiss franc notes
Debt Instrument [Line Items]
Notes payable	$ 1,075

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2015
Notes (USD)
Debt Instrument [Line Items]
Debt instrument, interest rate, weighted-average effective percentage rate range, minimum	0.37%
Debt instrument, interest rate, weighted-average effective percentage rate range, maximum	7.00%
Debt instrument, interest rate, weighted-average effective percentage rate range, average	4.75%
Maturity date	2,040
Euro notes
Debt Instrument [Line Items]
Debt instrument, interest rate, weighted-average effective percentage rate range, minimum	1.08%
Debt instrument, interest rate, weighted-average effective percentage rate range, maximum	2.55%
Debt instrument, interest rate, weighted-average effective percentage rate range, average	1.97%
Maturity date	2,035
Pound sterling notes
Debt Instrument [Line Items]
Debt instrument, interest rate, weighted-average effective percentage rate range, minimum	3.88%
Debt instrument, interest rate, weighted-average effective percentage rate range, maximum	7.25%
Debt instrument, interest rate, weighted-average effective percentage rate range, average	4.35%
Maturity date	2,045
Swiss franc notes
Debt Instrument [Line Items]
Debt instrument, interest rate, weighted-average effective percentage rate range, minimum	0.00%
Debt instrument, interest rate, weighted-average effective percentage rate range, maximum	1.125%
Debt instrument, interest rate, weighted-average effective percentage rate range, average	0.73%
Maturity date	2,025

Aggregate Maturities of Debt an

Aggregate Maturities of Debt and Capital Leases Based on Stated Contractual Maturities (Detail) $ in Millions	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
2,016	$ 1,755
2,017	1,481
2,018	1,110
2,019	1,250
2,020	827
Thereafter	8,809
Total	$ 15,232

Interest and Other Expense Net

Interest and Other Expense Net Within Results of Continuing Operations (Detail) - USD ($) $ in Millions	3 Months Ended									12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Interest expense, debt										$ 609	$ 778	$ 1,017
Loss on debt extinguishment and related expenses	$ (40)			$ (713)			$ (1)	$ (494)		753	495	612
Coffee business transactions currency-related net gains		$ 29	$ (144)	$ 551	$ 215	$ 420	$ (7)			436	628
Loss related to interest rate swaps										34
Benefit from indemnification resolution									$ (385)			(385)
Other expense / (income), net										53	43	(1)
Interest and other expense, net										1,013	688	1,579
Coffee Business
Debt Instrument [Line Items]
Coffee business transactions currency-related net gains										$ (436)	$ (628)
Interest and other expense / (income)
Debt Instrument [Line Items]
Benefit from indemnification resolution												$ (49)

Fair Value of Derivative Instru

Fair Value of Derivative Instruments (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 243	$ 978
Liability Derivatives	216	349
Derivatives Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	69	94
Liability Derivatives	99	92
Derivatives Designated as Hedging Instruments | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	20	69
Liability Derivatives	7	17
Derivatives Designated as Hedging Instruments | Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	37	12
Liability Derivatives	35	33
Derivatives Designated as Hedging Instruments | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	12	13
Liability Derivatives	57	42
Derivatives Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives	174	884
Liability Derivatives	117	257
Derivatives Not Designated as Hedging Instruments | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	61	735
Liability Derivatives	33	24
Derivatives Not Designated as Hedging Instruments | Commodity contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	70	90
Liability Derivatives	56	194
Derivatives Not Designated as Hedging Instruments | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives	43	59
Liability Derivatives	$ 28	$ 39

Derivative Instruments Fair Val

Derivative Instruments Fair Value and Measurement Inputs (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative fair value net asset (liability)	$ 27	$ 629
Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	41	763
Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	16	(125)
Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(30)	(9)
Quoted Prices In Active Markets For Identical Assets (Level 1)
Derivative [Line Items]
Derivative fair value net asset (liability)	29	(49)
Quoted Prices In Active Markets For Identical Assets (Level 1) | Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	29	(49)
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Derivative fair value net asset (liability)	(2)	678
Significant Other Observable Inputs (Level 2) | Currency exchange contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	41	763
Significant Other Observable Inputs (Level 2) | Commodity contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	(13)	(76)
Significant Other Observable Inputs (Level 2) | Interest rate contracts
Derivative [Line Items]
Derivative fair value net asset (liability)	$ (30)	$ (9)

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Loss related to interest rate swaps			$ (34)
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions			12 months
Commodity contracts | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months			$ (17)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions			30 years 2 months
Interest rate contracts | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Loss related to interest rate swaps		$ (34)
Expected transfers of unrealized gains (losses) to earnings, within next 12 months			$ (3)
Currency exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions			12 months
Currency exchange contracts | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months			$ 8
Subsequent Event | Interest rate contracts | Cash Flow Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Loss related to interest rate swaps	$ (97)
Interest and other expense, net | Foreign Exchange Forward | Economic Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses) recorded in earnings related to planned coffee business transactions			436	$ 628
Quoted Prices In Active Markets For Identical Assets (Level 1)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities after effects of netting				3
Quoted Prices In Active Markets For Identical Assets (Level 1) | Exchange Traded Options
Derivative Instruments, Gain (Loss) [Line Items]
Derivative assets after effects of netting			52	38
Quoted Prices In Active Markets For Identical Assets (Level 1) | Exchange Traded Options | Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Margin deposits related to exchange traded derivatives			22	84
Significant Other Observable Inputs (Level 2)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative assets after effects of netting			64	72
Derivative liabilities after effects of netting			$ 101	$ 156

Notional Values of Derivative I

Notional Values of Derivative Instruments (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Net investment hedge | Euro notes
Derivative [Line Items]
Notional Amount	$ 4,345	$ 3,932
Net investment hedge | Pound sterling notes
Derivative [Line Items]
Notional Amount	1,404	545
Net investment hedge | Swiss franc notes
Derivative [Line Items]
Notional Amount	1,073
Currency exchange contracts | Intercompany loans and forecasted interest payments
Derivative [Line Items]
Notional Amount	4,148	3,640
Currency exchange contracts | Forecasted transactions
Derivative [Line Items]
Notional Amount	1,094	6,681
Commodity contracts
Derivative [Line Items]
Notional Amount	732	1,569
Interest rate contracts
Derivative [Line Items]
Notional Amount	$ 3,033	$ 3,970

Schedule of Cash Flow Hedges Ef

Schedule of Cash Flow Hedges Effect on Accumulated Other Comprehensive Income, Net of Taxes (Detail) - Cash Flow Hedges - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated gain / (loss) at beginning of period	$ (2)	$ 117	$ (38)
Transfer of realized losses / (gains) to earnings		(40)	53
Unrealized gain / (loss) in fair value	(43)	(79)	102
Accumulated gain / (loss) at end of period	$ (45)	$ (2)	$ 117

Effects of Cash Flow Hedges (De

Effects of Cash Flow Hedges (Detail) - Cash Flow Hedges - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings		$ 40	$ (53)
Gains / (losses) recognized in OCI	$ (43)	(79)	102
Currency exchange contracts | Forecasted transactions
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	83	26	(26)
Gains / (losses) recognized in OCI	40	82	(23)
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	(52)	16	(23)
Gains / (losses) recognized in OCI	(35)	(2)	3
Gains / (losses) on ineffectiveness recognized in earnings	(4)	(10)	1
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) reclassified from AOCI into earnings	(31)	(2)	(4)
Gains / (losses) recognized in OCI	$ (48)	$ (159)	$ 122

Fair Value Hedges (Detail)

Fair Value Hedges (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (loss) recognized in income on fair value of hedges	$ (1)	$ 13
Long-term Debt
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (loss) recognized in income on fair value of hedges	$ 1	$ (13)

Economic Hedges (Detail)

Economic Hedges (Detail) - USD ($) $ in Millions	3 Months Ended						12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	$ 29	$ (144)	$ 551	$ 215	$ 420	$ (7)	$ 436	$ 628
Derivatives Not Designated as Hedging Instruments | Economic Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings							443	503	$ 56
Derivatives Not Designated as Hedging Instruments | Economic Hedging | Commodity contracts | Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings							(38)	(136)	(40)
Derivatives Not Designated as Hedging Instruments | Economic Hedging | Intercompany loans and forecasted interest payments | Currency exchange contracts | Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings							29	4	18
Derivatives Not Designated as Hedging Instruments | Economic Hedging | Forecasted transactions | Currency exchange contracts | Interest and other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings							435	610	9
Derivatives Not Designated as Hedging Instruments | Economic Hedging | Forecasted transactions | Currency exchange contracts | Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings							29	29	65
Derivatives Not Designated as Hedging Instruments | Economic Hedging | Forecasted transactions | Currency exchange contracts | Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings							$ (12)	$ (4)	$ 4

Hedges of Net Investments in In

Hedges of Net Investments in International Operations (Detail) - Net investment hedge - Currency Translation Adjustments - Currency exchange contracts - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Euro notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	$ 268	$ 328	$ (50)
Pound sterling notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	42	$ 39	$ (13)
Swiss franc notes
Derivative Instruments, Gain (Loss) [Line Items]
Gains / (losses) recognized in OCI	$ 9

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Pension plans resulted in net pension liability		$ 2,145	$ 2,882
Plan assets related to certain insurance contracts		66	74
Expense for defined contribution plans		45	46	$ 66
Voluntary Contribution
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions		150
Coffee Business
Defined Benefit Plan Disclosure [Line Items]
Benefit plan liabilities divested		131
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation		$ 9,267	$ 10,462
Allocation of pension plan asset		100.00%	100.00%
Employer contribution		$ 302
Employees contribution		16
Estimated future employer contributions		$ 279
Non-U.S. Pension Plans | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities		37.00%
Allocation of pension plan asset		32.00%	30.00%
Non-U.S. Pension Plans | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities		50.00%
Allocation of pension plan asset		50.00%	48.00%
Non-U.S. Pension Plans | Other Plan Asset
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities		13.00%
Non-U.S. Pension Plans | Largest Non U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan asset		51.00%
Non-U.S. Pension Plans | Largest Non U.S. Plan | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities		15.00%
Non-U.S. Pension Plans | Largest Non U.S. Plan | Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities		19.00%
Non-U.S. Pension Plans | Largest Non U.S. Plan | Private Markets
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities		12.00%
Non-U.S. Pension Plans | Largest Non U.S. Plan | Other Diversifying Assets
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities		17.00%
Non-U.S. Pension Plans | Largest Non U.S. Plan | Liability Matching Assets
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities		37.00%
Non-U.S. Pension Plans | Coffee Business
Defined Benefit Plan Disclosure [Line Items]
Deferred tax assets transferred		$ 24
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation		$ 1,463	$ 1,474
Allocation of pension plan asset		100.00%	100.00%
Employer contribution		$ 225
Estimated future employer contributions		$ 170
U.S. Pension Plans | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities	35.00%
Allocation of pension plan asset		32.00%	45.00%
U.S. Pension Plans | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities	65.00%
Allocation of pension plan asset		65.00%	52.00%
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Estimated from experience differences		$ 9
Estimated prior service cost		7
Multiemployer pension plans		20	$ 18	18
Current portion of our accrued postretirement benefit obligation		$ 11	$ 11
Postemployment Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Weighted-average discount rate		6.20%	5.60%
Ultimate annual turnover rate		0.30%	0.30%
Rate of compensation increase		4.00%	4.00%
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Estimated from experience differences		$ 166
Estimated prior service cost		1
Multiemployer pension plans		31	$ 32	32
U.S. And International Investment Grade Debt Securities | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation on securities	95.00%
Bakery and Confectionery Union and Industry International Pension Fund
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions		30
Multiemployer pension plans		$ 27	25	26
Percentage of surcharge on contribution		10.00%
Individually Insignificant Multiemployer Plans
Defined Benefit Plan Disclosure [Line Items]
Multiemployer pension plans		$ 4	$ 7	$ 6

Funded Status of Pension Plans

Funded Status of Pension Plans (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at January 1	$ 1,606	$ 1,266
Service cost	64	57	$ 71
Interest cost	67	67	60
Benefits paid	(35)	(20)
Settlements paid	(88)	(52)
Actuarial (gains) / losses	(49)	266
Other	1	22
Accrued benefit obligation at December 31	1,566	1,606	1,266
Fair value of plan assets at January 1	1,216	1,118
Actual return on plan assets	(71)	159
Contributions	225	11
Benefits paid	(35)	(20)
Settlements paid	(88)	(52)
Fair value of plan assets at December 31	1,247	1,216	1,118
Net pension liability at December 31	(319)	(390)
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at January 1	10,854	9,920
Service cost	188	184	172
Interest cost	307	388	358
Benefits paid	(435)	(446)
Settlements paid	1
Actuarial (gains) / losses	(262)	1,604
Deconsolidation of coffee business	(261)
Currency	(766)	(949)
Other	(79)	153
Accrued benefit obligation at December 31	9,547	10,854	9,920
Fair value of plan assets at January 1	8,362	8,122
Actual return on plan assets	192	971
Contributions	318	353
Benefits paid	(435)	(446)
Deconsolidation of coffee business	(130)
Currency	(579)	(681)
Other	(7)	43
Fair value of plan assets at December 31	7,721	8,362	$ 8,122
Net pension liability at December 31	$ (1,826)	$ (2,492)

Pension Plans Resulted in Net P

Pension Plans Resulted in Net Pension Liability (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Prepaid pension assets	$ 69	$ 53
Other accrued liabilities	(31)	(23)
Accrued pension costs	(2,183)	(2,912)
Total	(2,145)	(2,882)
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	1,566	1,606
Accumulated benefit obligation	1,463	1,474
Fair value of plan assets	1,247	1,216
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	8,139	10,108
Accumulated benefit obligation	7,920	9,763
Fair value of plan assets	$ 6,252	$ 7,576

Weighted-Average Assumptions to

Weighted-Average Assumptions to Determine Benefit Obligations (Detail) - Pension Plans	Dec. 31, 2015	Dec. 31, 2014
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.50%	4.20%
Expected rate of return on plan assets	6.75%	7.25%
Rate of compensation increase	4.00%	4.00%
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.11%	2.99%
Expected rate of return on plan assets	5.87%	5.96%
Rate of compensation increase	3.18%	3.26%

Components of Net Periodic Pens

Components of Net Periodic Pension Cost (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 64	$ 57	$ 71
Interest cost		67	67	60
Expected return on plan assets		(93)	(81)	(67)
Net loss from experience differences		43	29	55
Prior service cost	[1]	2	2	2
Settlement losses and other expenses	[2]	19	28	1
Net periodic benefit cost		102	102	122
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost		188	184	172
Interest cost		307	388	358
Expected return on plan assets		(478)	(485)	(435)
Net loss from experience differences		141	106	136
Prior service cost	[1]	15		1
Settlement losses and other expenses	[2]	2	14	3
Net periodic benefit cost		$ 175	$ 207	$ 235
[1]	For the year ended December 31, 2015, amortization of prior service cost includes $17 million of pension curtailment losses related to employees who transitioned to JDE upon the contribution of our global coffee business. Refer to Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for more information.
[2]	Settlement losses include $9 million for year ended December 31, 2015 and $12 million for the year ended December 31, 2014 of pension settlement losses for employees who elected lump-sum payments in connection with our 2014-2018 Restructuring Program. Retired employees who elected lump-sum payments resulted in net settlement losses in 2015 of $10 million for our U.S. plans and $2 million for our non-U.S. plans. Employees who elected lump-sum payments in connection with our 2012-2014 Restructuring Program and cost saving initiatives and retired employees who elected lump-sum payments resulted in net settlement losses for our U.S. plans of $28 million in 2014 and $1 million in 2013. Non-U.S. plant closures and early retirement benefits resulted in curtailment and settlement losses of $2 million in 2013. In addition, we incurred special termination benefit costs of $2 million in 2014 and $1 million in 2013 in the non-U.S. plans related to the 2012-2014 Restructuring Program. See Note 6, Restructuring Programs, for more information. We recorded an additional $90 million of pension settlement losses related to the coffee business transactions within the gain on the coffee business transactions. Refer to Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for more information.

Components of Net Periodic Pe90

Components of Net Periodic Pension Cost (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses	$ 10	$ 28	$ 1
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Settlement losses	2
Curtailment and settlement losses			2
Special termination benefit		2	$ 1
Severance and Related Costs
Defined Benefit Plan Disclosure [Line Items]
Pension curtailment losses	17
Coffee Business
Defined Benefit Plan Disclosure [Line Items]
Settlement losses	90
2014-2018 Restructuring Program | Severance and Related Costs
Defined Benefit Plan Disclosure [Line Items]
Settlement losses	$ 9	$ 12

Weighted-Average Assumptions 91

Weighted-Average Assumptions To Determine Net Periodic Pension Cost (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.20%	5.10%	4.20%
Expected rate of return on plan assets	7.25%	7.75%	7.75%
Rate of compensation increase	4.00%	4.00%	4.00%
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.99%	4.03%	3.81%
Expected rate of return on plan assets	5.96%	6.17%	6.08%
Rate of compensation increase	3.26%	3.63%	3.47%

Fair Value of Pension Plan Asse

Fair Value of Pension Plan Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	$ 8,902	$ 9,504
Pension Plans | U.S. Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	2	124
Pension Plans | Non-U.S. Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	413	698
Pension Plans | Pooled Funds - Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	2,411	2,192
Pension Plans | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	2,826	3,014
Pension Plans | Government Bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,788	2,283
Pension Plans | Pooled Funds - Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,182	1,151
Pension Plans | Corporate Bonds And Other Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,691	1,174
Pension Plans | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	4,661	4,608
Pension Plans | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	477	406
Pension Plans | Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	499	829
Pension Plans | Private Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	204	237
Pension Plans | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	140	253
Pension Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	95	157
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,980	2,699
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | U.S. Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	2	124
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Non-U.S. Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	413	698
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Pooled Funds - Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	569	538
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	984	1,360
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Government Bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	53	234
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Pooled Funds - Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	311	311
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Corporate Bonds And Other Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	325	314
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	689	859
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	115	110
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	137	246
Quoted Prices In Active Markets For Identical Assets (Level 1) | Pension Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	55	124
Significant Other Observable Inputs (Level 2) | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	5,083	4,598
Significant Other Observable Inputs (Level 2) | Pension Plans | Pooled Funds - Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,842	1,654
Significant Other Observable Inputs (Level 2) | Pension Plans | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,842	1,654
Significant Other Observable Inputs (Level 2) | Pension Plans | Government Bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,735	2,049
Significant Other Observable Inputs (Level 2) | Pension Plans | Pooled Funds - Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	759	743
Significant Other Observable Inputs (Level 2) | Pension Plans | Corporate Bonds And Other Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	701	111
Significant Other Observable Inputs (Level 2) | Pension Plans | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	3,195	2,903
Significant Other Observable Inputs (Level 2) | Pension Plans | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	7	4
Significant Other Observable Inputs (Level 2) | Pension Plans | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	3	7
Significant Other Observable Inputs (Level 2) | Pension Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	36	30
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,839	2,207	$ 2,109
Significant Unobservable Inputs (Level 3) | Pooled Funds - Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	112	97	15
Significant Unobservable Inputs (Level 3) | Corporate Bonds And Other Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	665	749	780
Significant Unobservable Inputs (Level 3) | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	355	292	267
Significant Unobservable Inputs (Level 3) | Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	499	829	820
Significant Unobservable Inputs (Level 3) | Private Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	208	240	$ 227
Significant Unobservable Inputs (Level 3) | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1,839	2,207
Significant Unobservable Inputs (Level 3) | Pension Plans | Pooled Funds - Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	112	97
Significant Unobservable Inputs (Level 3) | Pension Plans | Corporate Bonds And Other Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	665	749
Significant Unobservable Inputs (Level 3) | Pension Plans | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	777	846
Significant Unobservable Inputs (Level 3) | Pension Plans | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	355	292
Significant Unobservable Inputs (Level 3) | Pension Plans | Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	499	829
Significant Unobservable Inputs (Level 3) | Pension Plans | Private Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	204	237
Significant Unobservable Inputs (Level 3) | Pension Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	$ 4	$ 3

Schedule of Changes in Level 3

Schedule of Changes in Level 3 Plan Assets (Detail) - Significant Unobservable Inputs (Level 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	$ 2,207	$ 2,109
Net Realized and Unrealized Gains/ (Losses)	52	187
Net Purchases, Issuances and Settlements	(312)	(50)
Net Transfers Into/(Out of) Level 3	(4)	99
Currency Impact	(104)	(138)
Fair value of plan assets at December 31	1,839	2,207
Pooled Funds - Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	97	15
Net Realized and Unrealized Gains/ (Losses)	(1)	(15)
Net Purchases, Issuances and Settlements	25	15
Net Transfers Into/(Out of) Level 3	(3)	87
Currency Impact	(6)	(5)
Fair value of plan assets at December 31	112	97
Corporate Bonds And Other Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	749	780
Net Realized and Unrealized Gains/ (Losses)	4	80
Net Purchases, Issuances and Settlements	(50)	(64)
Currency Impact	(38)	(47)
Fair value of plan assets at December 31	665	749
Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	292	267
Net Realized and Unrealized Gains/ (Losses)	19	37
Net Purchases, Issuances and Settlements	61	(2)
Net Transfers Into/(Out of) Level 3		10
Currency Impact	(17)	(20)
Fair value of plan assets at December 31	355	292
Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	829	820
Net Realized and Unrealized Gains/ (Losses)	13	40
Net Purchases, Issuances and Settlements	(312)	20
Currency Impact	(31)	(51)
Fair value of plan assets at December 31	499	829
Private Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	240	227
Net Realized and Unrealized Gains/ (Losses)	17	45
Net Purchases, Issuances and Settlements	(36)	(19)
Net Transfers Into/(Out of) Level 3	(1)	2
Currency Impact	(12)	(15)
Fair value of plan assets at December 31	$ 208	$ 240

Percentage of Fair Value of Pen

Percentage of Fair Value of Pension Plan Assets (Detail)	Dec. 31, 2015	Dec. 31, 2014
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	100.00%	100.00%
U.S. Pension Plans | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	32.00%	45.00%
U.S. Pension Plans | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	65.00%	52.00%
U.S. Pension Plans | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	3.00%	3.00%
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	100.00%	100.00%
Non-U.S. Pension Plans | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	32.00%	30.00%
Non-U.S. Pension Plans | Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	50.00%	48.00%
Non-U.S. Pension Plans | Real Estate
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	6.00%	4.00%
Non-U.S. Pension Plans | Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	7.00%	10.00%
Non-U.S. Pension Plans | Private Equity
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	3.00%	3.00%
Non-U.S. Pension Plans | Cash
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	1.00%	3.00%
Non-U.S. Pension Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Percentage of fair value pension plan assets	1.00%	2.00%

Future Benefit payments for Pen

Future Benefit payments for Pension Plans (Detail) $ in Millions	Dec. 31, 2015USD ($)
U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
2,016	$ 91
2,017	84
2,018	95
2,019	105
2,020	109
2021-2025	562
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
2,016	401
2,017	403
2,018	410
2,019	423
2,020	435
2021-2025	$ 2,352

Schedule of Individually Signif

Schedule of Individually Significant Multiemployer Pension Plan (Detail)	12 Months Ended
	Dec. 31, 2015
Multiemployer Plans [Line Items]
Pension Fund	Bakery, Confectionery, Tobacco Workers and Grain Miller International Pension Fund
EIN / Pension Plan Number	526,118,572
Pension Protection Act Zone Status	Red
FIP / RP Status Pending / Implemented	Implemented
Surcharge Imposed	Yes
Expiration Date of Collective- Bargaining Agreements	Feb. 29, 2016

Benefit Obligation of Postretir

Benefit Obligation of Postretirement Benefit Plans (Detail) - Postretirement Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at January 1	$ 538	$ 422
Service cost	15	13	$ 15
Interest cost	22	22	20
Benefits paid	(10)	(9)
Currency	(22)	(11)
Assumption changes	(30)	75
Actuarial (gains) / losses	(2)	14
Other		12
Accrued benefit obligation at December 31	$ 511	$ 538	$ 422

Weighted-Average Assumptions 98

Weighted-Average Assumptions to Determine Postretirement Benefit Obligations (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
U.S. postretirement plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.60%	4.20%
Health care cost trend rate assumed for next year	6.50%	6.50%
Ultimate trend rate	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2,020	2,018
Foreign Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.77%	4.52%
Health care cost trend rate assumed for next year	5.37%	5.18%
Ultimate trend rate	5.55%	5.53%
Year that the rate reaches the ultimate trend rate	2,018	2,018

One-Percentage-Point Change in

One-Percentage-Point Change in Assumed Health Care Cost Trend Rates (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Defined Benefit Plan Disclosure [Line Items]
Effect on postretirement benefit obligation, Increase	$ 88
Effect on annual service and interest cost, Increase	7
Effect on postretirement benefit obligation, Decrease	(69)
Effect on annual service and interest cost, Decrease	$ (6)

Components of Net Periodic Post

Components of Net Periodic Postretirement Health Care Costs (Detail) - Postretirement Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 15	$ 13	$ 15
Interest cost	22	22	20
Net loss from experience differences	13	5	12
Prior service credit	(7)	(10)	(12)
Net periodic benefit cost	$ 43	$ 30	$ 35

Weighted-Average Assumptions101

Weighted-Average Assumptions to Determine Net Periodic Postretirement Cost (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
U.S. postretirement plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.20%	5.10%	4.20%
Health care cost trend rate	6.50%	7.00%	7.50%
Foreign Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.52%	5.17%	4.39%
Health care cost trend rate	5.18%	5.11%	6.47%

Future Benefit Payments For Pos

Future Benefit Payments For Postretirement Health Care Plans (Detail) $ in Millions	Dec. 31, 2015USD ($)
U.S. postretirement plan
Defined Benefit Plan Disclosure [Line Items]
2,016	$ 8
2,017	9
2,018	10
2,019	12
2,020	13
2021-2025	85
Foreign Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
2,016	5
2,017	5
2,018	5
2,019	6
2,020	6
2021-2025	$ 33

Changes in Accumulated Postempl

Changes in Accumulated Postemployment benefit Obligations (Detail) - Postemployment Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at January 1	$ 94	$ 103
Service cost	7	9	$ 8
Interest cost	5	6	5
Benefits paid	(7)	(17)
Assumption changes	(3)	2
Actuarial losses	(1)	(9)
Accrued benefit obligation at December 31	$ 95	$ 94	$ 103

Components of Net Postemploymen

Components of Net Postemployment Costs (Detail) - Postemployment Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 7	$ 9	$ 8
Interest cost	5	6	5
Amortization of net gains			(1)
Other			(1)
Net periodic benefit cost	$ 12	$ 15	$ 11

Stock Plans - Additional Inform

Stock Plans - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	May. 21, 2014	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized compensation expense related to our stock options			$ 62
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense			50	$ 47	$ 39
Deferred tax benefit related to compensation expense			$ 13	12	11
Unamortized compensation expense recognition period			1 year
Restricted, Deferred Stock Units And Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense			$ 86	94	94
Deferred tax benefit related to compensation expense			$ 24	$ 26	$ 28
Unamortized compensation expense recognition period			2 years
Unamortized compensation expense related to restricted and deferred stock			$ 138
Kraft Foods Group
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from Kraft Foods Group related to the Spin-Off		$ 55
Amended 2005 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional number of shares available for issuance under stock option plan	75.7
Shares authorized to be issued under stock option plan	243.7
Shares available to be granted			81.8

Weighted-Average Black-Scholes

Weighted-Average Black-Scholes Fair Value Assumptions (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-Free Interest Rate	1.70%	1.87%	1.15%
Expected Life (in years)	6 years	6 years	6 years
Expected Volatility	18.51%	21.48%	20.36%
Expected Dividend Yield	1.61%	1.64%	1.94%
Fair Value at Grant Date	$ 6.12	$ 6.60	$ 4.31

Stock Option Activity (Detail)

Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Shares subject to option
Beginning balance		56,431,551	55,783,439	52,753,039
Options granted		9,800,870	10,420,060	12,406,792
Options exercised	[1]	(6,444,515)	(8,076,550)	(7,185,616)
Options cancelled		(2,753,798)	(1,695,398)	(2,190,776)
Ending balance		57,034,108	56,431,551	55,783,439
Exercisable at end of the period		38,658,921
Weighted-average exercise price
Beginning balance		$ 24.19	$ 21.96	$ 20.45
Options granted		36.84	34.14	27.21
Options exercised	[1]	22.94	20.85	19.41
Options cancelled		32.35	27.65	23.86
Ending balance		26.12	$ 24.19	$ 21.96
Exercisable at end of the period		$ 22.33
Average remaining contractual term
Ending balance		6 years
Exercisable at end of the period (in years)		5 years
Aggregate intrinsic value
Aggregate intrinsic value		$ 229	$ 685	$ 744	$ 264
Options exercised	[1]	108	$ 125	$ 79
Exercisable at end of the period		$ 870
Annual grant to eligible employees
Shares subject to option
Options granted		8,899,530	9,919,810	11,644,280
Weighted-average exercise price
Options granted		$ 36.94	$ 34.17	$ 27.05
Additional granted
Shares subject to option
Options granted		901,340	500,250	762,512
Weighted-average exercise price
Options granted		$ 35.84	$ 33.65	$ 29.69
[1]	Cash received from options exercised was $148 million in 2015, $168 million in 2014 and $139 million in 2013. The actual tax benefit realized for the tax deductions from the option exercises totaled $58 million in 2015, $29 million in 2014 and $14 million in 2013.

Stock Option Activity (Parenthe

Stock Option Activity (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from options exercised	$ 148	$ 168	$ 139
Actual tax benefit realized for the tax deductions from the option exercises	$ 58	$ 29	$ 14

Restricted Stock, Deferred Stoc

Restricted Stock, Deferred Stock Unit and Performance Share Unit Activity (Detail) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of Shares
Beginning balance		10,582,640	11,648,587	12,815,911
Shares granted		3,939,162	4,070,313	5,231,437
Vested		(3,905,745)	(4,380,452)	(5,350,073)
Forfeited		(1,197,841)	(755,808)	(1,048,688)
Ending balance		9,418,216	10,582,640	11,648,587
Weighted-average grant date fair value per share
Beginning balance		$ 28.56	$ 24.48	$ 21.55
Shares granted		37.61	34.16	25.63
Vested		37.83	22.98	18.82
Forfeited		32.51	28.14	23.23
Ending balance		$ 28	$ 28.56	$ 24.48
Weighted-Average Aggregate Fair Value
Total shares granted		$ 148	$ 139	$ 134
Vested		$ 148	$ 101	$ 101
Performance Share Units
Number of Shares
Shares granted		1,598,290	1,143,620	1,542,600
Weighted-average grant date fair value per share
Shares granted		$ 36.94	$ 34.97	$ 26.24
Restricted Stock
Number of Shares
Shares granted		386,910	750,410	949,030
Weighted-average grant date fair value per share
Shares granted		$ 36.94	$ 34.17	$ 27.05
Deferred Stock Units
Number of Shares
Shares granted		866,640	1,240,820	1,386,750
Weighted-average grant date fair value per share
Shares granted		$ 36.94	$ 34.17	$ 27.05
Annual grant to eligible employees
Grant date
Grant date		Feb. 18, 2015	Feb. 19, 2014	Feb. 20, 2013
Additional granted
Number of Shares
Shares granted	[1]	1,087,322	935,463	1,353,057
Weighted-average grant date fair value per share
Shares granted	[1]	$ 39.35	$ 33.15	$ 22.47
[1]	Includes performance share units, restricted stock and deferred stock units.

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($)	Jul. 29, 2015	Dec. 31, 2013	May. 31, 2014	May. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Common stock, shares authorized					5,000,000,000	5,000,000,000
Preferred stock, shares authorized					500,000,000
Preferred stock, shares issued		0			0	0	0
Preferred stock, shares outstanding		0			0	0	0
Cost of shares repurchased					$ 3,622,000,000	$ 1,891,000,000	$ 2,900,000,000
Payment for repurchase of common stock					$ 3,622,000,000	$ 1,700,000,000	2,900,000,000
Common Class A
Class of Stock [Line Items]
Common stock reserved for stock option and other stock awards					146,000,000
Stock repurchase expiration date					Dec. 31, 2016
Stock repurchase value		$ 7,700,000,000					$ 7,700,000,000
Number of shares repurchased					91,875,878	51,931,864	82,799,448
Average cost of shares repurchased					$ 39.43	$ 36.43
Cost of shares repurchased					$ 3,622,000,000	$ 1,891,000,000
Payment for repurchase of common stock					3,622,000,000
Stock repurchase remaining amount					$ 5,400,000,000
Additional paid in capital treasury stock		$ 200,000,000	$ 200,000,000
Common Class A | Share Repurchase Program amended July 29, 2015
Class of Stock [Line Items]
Stock repurchase expiration date	Dec. 31, 2018
Stock repurchase value	$ 13,700,000,000
Increase in share repurchase value	$ 6,000,000,000
Common Class A | Accelerated Share Repurchase Program
Class of Stock [Line Items]
Number of shares repurchased		44,800,000	5,100,000	49,900,000
Cost of shares repurchased		$ 1,500,000,000	$ 200,000,000
Payment for repurchase of common stock		$ 1,700,000,000
Accelerated share repurchases, average repurchase price per share				$ 34.10

Authorized Common Stock Repurch

Authorized Common Stock Repurchase Programs (Detail) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Common Stock, Shares Issued, Beginning Balance	1,996,537,778
Common Stock, Shares Issued, Ending Balance	1,996,537,778	1,996,537,778
Common Stock, Treasury Shares, Beginning Balance	(332,896,779)
Common Stock, Treasury Shares, Ending Balance	(416,504,624)	(332,896,779)
Common Class A
Class of Stock [Line Items]
Common Stock, Shares Issued, Beginning Balance	1,996,537,778	1,996,537,778	1,996,537,778
Exercise of stock options and issuance of other stock awards	0	0	0
Common Stock, Shares Issued, Ending Balance	1,996,537,778	1,996,537,778	1,996,537,778
Common Stock, Treasury Shares, Beginning Balance	(332,896,779)	(291,141,184)	(218,541,936)
Shares repurchased	(91,875,878)	(51,931,864)	(82,799,448)
Exercise of stock options and issuance of other stock awards	8,268,033	10,176,269	10,200,200
Common Stock, Treasury Shares, Ending Balance	(416,504,624)	(332,896,779)	(291,141,184)
Common Stock, Shares Outstanding, Beginning Balance	1,663,640,999	1,705,396,594	1,777,995,842
Shares repurchased	(91,875,878)	(51,931,864)	(82,799,448)
Exercise of stock options and issuance of other stock awards	8,268,033	10,176,269	10,200,200
Common Stock, Shares Outstanding, Ending Balance	1,580,033,154	1,663,640,999	1,705,396,594

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) ₨ in Billions	3 Months Ended	12 Months Ended
	Sep. 30, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015INR (₨)
Loss Contingencies [Line Items]
Income due to reversal of accrued liability under Tax Indemnity	$ 385,000,000			$ 385,000,000
Income due to reversal of accrued liability under tax indemnity, net of tax	363,000,000
Rental expenses		$ 331,000,000	$ 399,000,000	386,000,000
Selling, general and administrative expenses
Loss Contingencies [Line Items]
Income due to reversal of accrued liability under Tax Indemnity	336,000,000			$ 336,000,000
Interest and other expense / (income)
Loss Contingencies [Line Items]
Income due to reversal of accrued liability under Tax Indemnity	$ 49,000,000
Indian Department of Central Excise Authority | Cadbury
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date		57,000,000			₨ 3.7
Indian Department of Central Excise Authority | Cadbury | Show case notice
Loss Contingencies [Line Items]
Amount for formal claim of notice presented for unpaid excise tax, as of the balance sheet date		36,000,000			2.4
Indian Department of Central Excise Authority | Cadbury | Maximum
Loss Contingencies [Line Items]
Tax penalties and interest expense		$ 88,000,000			₨ 5.8
U.S. Commodity Futures Trading Commission ("CFTC")
Loss Contingencies [Line Items]
Loss contingency, filling date		April 1, 2015
Loss contingency, damages sought		$ 1,000,000
U.S. Commodity Futures Trading Commission ("CFTC") | Each Additional Violation of the Commodity Exchange Act
Loss Contingencies [Line Items]
Loss contingency, damages sought		$ 140,000

Minimum Rental Commitments (Det

Minimum Rental Commitments (Detail) $ in Millions	Dec. 31, 2015USD ($)
Leases Future Minimum Payments [Line Items]
2,016	$ 311
2,017	202
2,018	145
2,019	111
2,020	98
Thereafter	127
Total	$ 994

Components of Accumulated Other

Components of Accumulated Other Comprehensive Earnings / (Losses) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balances	$ (7,318)		$ (2,889)		$ (2,666)
Currency translation adjustment	(3,236)	[1],[2]	(3,849)	[2]	(981)
Pension and other benefits	(60)		(1,388)		713
Derivatives accounted for as hedges	429		429		70
Losses / (gains) reclassified into net earnings	339		129		269
Reclassification to earnings related to Venezuelan deconsolidation	101
Reclassification to earnings related to Venezuelan deconsolidation	99
Loss on deconsolidation of Venezuela	2
Tax (expense) / benefit	(241)		250		(294)
Total other comprehensive earnings / (losses)	(2,668)		(4,429)		(223)
Ending balances	(9,986)		(7,318)		(2,889)
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balances	(5,042)		(1,414)		(399)
Currency translation adjustment	(3,382)	[1],[2]	(3,995)	[2]	(952)
Derivatives accounted for as hedges	503		595		(99)
Reclassification to earnings related to Venezuelan deconsolidation	99
Tax (expense) / benefit	(184)		(228)		36
Ending balances	(8,006)		(5,042)		(1,414)
Pension and other benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balances	(2,274)		(1,592)		(2,229)
Currency translation adjustment	146	[1],[2]	146	[2]	(29)
Pension and other benefits	(60)		(1,388)		713
Losses / (gains) reclassified into net earnings	318		174		197
Loss on deconsolidation of Venezuela	2
Tax (expense) / benefit	(66)		386		(244)
Ending balances	(1,934)		(2,274)		(1,592)
Derivatives accounted for as hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balances	(2)		117		(38)
Derivatives accounted for as hedges	(74)		(166)		169
Losses / (gains) reclassified into net earnings	21		(45)		72
Tax (expense) / benefit	9		92		(86)
Ending balances	$ (46)		$ (2)		$ 117
[1]	The 2015 translation adjustment of $(2,759) million on the consolidated statement of other comprehensive earnings includes translation adjustments related to pensions of $146 million, derivatives of $503 million, noncontrolling interests of $(26) million and currency impacts of $(3,382) million related to translating our international operations.
[2]	The consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(26) million for the year ended December 31, 2015 and $(33) million for the year ended December 31, 2014.

Components of Accumulated Ot115

Components of Accumulated Other Comprehensive Earnings / (Losses) (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation adjustment attributable to noncontrolling interests	$ (26)		$ (33)
Translation adjustment	(2,759)		(3,287)		$ (1,080)
Currency translation adjustment	(3,236)	[1],[2]	(3,849)	[2]	(981)
Derivatives accounted for as hedges	429		429		70
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation adjustment	(3,382)	[1],[2]	(3,995)	[2]	(952)
Derivatives accounted for as hedges	503		595		(99)
Pension and other benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation adjustment	$ 146	[1],[2]	$ 146	[2]	$ (29)
[1]	The 2015 translation adjustment of $(2,759) million on the consolidated statement of other comprehensive earnings includes translation adjustments related to pensions of $146 million, derivatives of $503 million, noncontrolling interests of $(26) million and currency impacts of $(3,382) million related to translating our international operations.
[2]	The consolidated statement of other comprehensive earnings includes currency translation adjustment attributable to noncontrolling interests of $(26) million for the year ended December 31, 2015 and $(33) million for the year ended December 31, 2014.

Amounts Reclassified from Accum

Amounts Reclassified from Accumulated Other Comprehensive Earnings (Losses) (Detail) - USD ($) $ in Millions		3 Months Ended																12 Months Ended
		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs																		$ 207	$ 132	$ 193
Settlement losses																		111	42	4
Loss on deconsolidation of Venezuela																		2
Provision for income taxes		$ (32)		$ (348)		$ (100)		$ (113)		$ (111)	[1]	$ (178)	[1]	$ (91)	[1]	$ 27	[1]	(593)	(353)	(60)
Cost of sales																		(18,124)	(21,647)	(22,189)
Interest and other expense / (income)																		(1,013)	(688)	(1,579)
Reclassification to earnings related to Venezuela deconsolidation																		99
Net earnings		$ (716)	[2]	$ 7,268	[2]	$ 427	[2]	$ 312	[2]	$ 507	[2]	$ 902	[2]	$ 642	[2]	$ 150	[2]	7,291	2,201	3,935
Pension and other benefits
Reclassification of losses / (gains) into net earnings:
Loss on deconsolidation of Venezuela																		2
Currency Translation Adjustments
Reclassification of losses / (gains) into net earnings:
Reclassification to earnings related to Venezuela deconsolidation																		99
Reclassification out of Accumulated Other Comprehensive Income
Reclassification of losses / (gains) into net earnings:
Net earnings																		350	79	200
Reclassification out of Accumulated Other Comprehensive Income | Pension and other benefits
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs	[3]																	207	132	193
Settlement losses	[3],[4]																	111	42	4
Loss on deconsolidation of Venezuela																		2
Provision for income taxes																		(69)	(56)	(50)
Reclassification out of Accumulated Other Comprehensive Income | Derivatives accounted for as hedges
Reclassification of losses / (gains) into net earnings:
Provision for income taxes																		(21)	6	(19)
Reclassification out of Accumulated Other Comprehensive Income | Derivatives accounted for as hedges | Currency exchange contracts | Forecasted transactions
Reclassification of losses / (gains) into net earnings:
Cost of sales																		(90)	(27)	28
Reclassification out of Accumulated Other Comprehensive Income | Derivatives accounted for as hedges | Commodity contracts
Reclassification of losses / (gains) into net earnings:
Cost of sales																		64	(21)	38
Reclassification out of Accumulated Other Comprehensive Income | Derivatives accounted for as hedges | Interest rate contracts
Reclassification of losses / (gains) into net earnings:
Interest and other expense / (income)																		47	$ 3	$ 6
Reclassification out of Accumulated Other Comprehensive Income | Currency Translation Adjustments
Reclassification of losses / (gains) into net earnings:
Reclassification to earnings related to Venezuela deconsolidation																		$ 99
[1]	In the fourth quarter of 2014, we recorded a tax benefit of $43 million associated with the lapse of a statute of limitations that related to the third quarter of 2014.
[2]	See the following table for significant items that affected the comparability of earnings each quarter.
[3]	These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans.
[4]	Settlement losses include the transfer of coffee business-related pension obligations in the amount of $90 million in 2015. See Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for additional information.

Amounts Reclassified from Ac117

Amounts Reclassified from Accumulated Other Comprehensive Earnings (Losses) (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Coffee Business
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Settlement losses	$ 90

Provision for Income Taxes (Det

Provision for Income Taxes (Detail) - USD ($) $ in Millions	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	[1]	Sep. 30, 2014	[1]	Jun. 30, 2014	[1]	Mar. 31, 2014	[1]	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Line Items]
United States													$ 43	$ (135)	$ (799)
Outside United States													7,841	2,689	3,191
Earnings from continuing operations before income taxes													7,884	2,554	2,392
United States federal current													(90)	(125)	(489)
United States federal deferred													136	28	103
Federal income tax													46	(97)	(386)
State and local current													6	20	(35)
State and local deferred													(3)	11	22
State and local taxes													3	31	(13)
Total United States													49	(66)	(399)
Outside United States current													707	644	648
Outside United States deferred													(163)	(225)	(189)
Total outside United States													544	419	459
Total provision for income taxes	$ 32	$ 348	$ 100	$ 113	$ 111		$ 178		$ 91		$ (27)		$ 593	$ 353	$ 60
[1]	In the fourth quarter of 2014, we recorded a tax benefit of $43 million associated with the lapse of a statute of limitations that related to the third quarter of 2014.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014		Sep. 30, 2014	[1]	Jun. 30, 2014	[1]	Mar. 31, 2014	[1]	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jan. 01, 2015	Dec. 31, 2012
Income Tax Contingency [Line Items]
Impact on provision for income tax, out-of-period adjustments													$ 14	$ 31
(Benefit) / provision for income taxes	$ 32	$ 348	$ 100	$ 113	$ 111	[1]	$ 178		$ 91		$ (27)		$ 593	$ 353	$ 60
Effective tax rate													7.50%	13.80%	2.50%
Gains on coffee business transactions and divestitures	(313)	7,122	$ 13										$ 6,822		$ 30
Effective tax rate, excluding the discrete items													17.80%
Total favorable discrete items													$ 119	$ 206	299
Loss carryforwards	3,393												3,393
Accumulated earnings of foreign subsidiaries	19,200												19,200
Unrecognized tax benefits	756				852								756	$ 852	$ 1,189	$ 852	$ 1,164
Impact on tax provision from unrecognized tax benefits	652												652			744
Unrecognized tax benefits reasonably possible increase resulting from unfavorable audit developments													80
Unrecognized tax benefits reasonably possible reductions due to audit settlements and expiration of statutes of limitations													260
Unrecognized tax benefits, income tax penalties and interest accrued	185												185			$ 184
Net benefit for interest and penalties													32
Expire at various dates between 2016 and 2029
Income Tax Contingency [Line Items]
Loss carryforwards	1,160												1,160
Indefinitely
Income Tax Contingency [Line Items]
Loss carryforwards	$ 2,233												2,233
Lapse Of Statutes Of Limitations
Income Tax Contingency [Line Items]
(Benefit) / provision for income taxes					$ (43)
Coffee Business
Income Tax Contingency [Line Items]
Gains on coffee business transactions and divestitures		$ 7,100											6,809
Tax expense on gains from divestitures													184
Tax costs incurred to remit proceeds up from lower-tier foreign subsidiaries													$ 27
[1]	In the fourth quarter of 2014, we recorded a tax benefit of $43 million associated with the lapse of a statute of limitations that related to the third quarter of 2014.

Effective Income Tax Rate (Deta

Effective Income Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax [Line Items]
U.S. federal statutory rate	35.00%	35.00%	35.00%
State and local income taxes, net of federal tax benefit excluding IRS audit impacts	(0.10%)	0.30%	(0.50%)
Foreign rate differences	(2.50%)	(14.50%)	(16.30%)
Reversal of other tax accruals no longer required	(1.40%)	(10.50%)	(9.60%)
Indemnification resolution			(4.70%)
Tax legislation	(0.50%)		(2.20%)
Gains on coffee business transactions and divestitures	(26.90%)		(2.10%)
Loss on deconsolidation of Venezuela	3.50%
Remeasurement of net monetary assets in Venezuela		1.70%	1.00%
Non-deductible expenses	0.30%	1.50%	1.10%
Other	0.10%	0.30%	0.80%
Effective tax rate	7.50%	13.80%	2.50%

Deferred Tax Assets and liabili

Deferred Tax Assets and liabilities Temporary Differences (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred income tax assets:
Accrued postretirement and postemployment benefits	$ 230	$ 227
Accrued pension costs	414	588
Other employee benefits	265	272
Accrued expenses	343	410
Loss carryforwards	636	656
Other	352	431
Total deferred income tax assets	2,240	2,584
Valuation allowance	(303)	(345)
Net deferred income tax assets	1,937	2,239
Deferred income tax liabilities:
Intangible assets	(5,365)	(5,843)
Property, plant and equipment	(636)	(784)
Other	(409)	(439)
Total deferred income tax liabilities	(6,410)	(7,066)
Net deferred income tax liabilities	$ (4,473)	$ (4,827)

Change in Unrecognized Tax Bene

Change in Unrecognized Tax Benefit (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Contingency [Line Items]
Unrecognized tax benefits beginning balance	$ 852	$ 1,189	$ 1,164
Increases from positions taken during prior periods	34	143	94
Decreases from positions taken during prior periods	(74)	(247)	(132)
Increases from positions taken during the current period	84	147	131
Decreases relating to settlements with taxing authorities	(13)	(203)	(7)
Reductions resulting from the lapse of the applicable statute of limitations	(41)	(64)	(55)
Currency / other	(86)	(113)	(6)
Unrecognized tax benefits ending balance	$ 756	$ 852	$ 1,189

Basic and Diluted Earnings per

Basic and Diluted Earnings per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended																12 Months Ended
		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Line Items]
Earnings from continuing operations	[1]																	$ 7,291	$ 2,201	$ 2,332
Earnings from discontinued operations, net of income taxes																				1,603
Net earnings		$ (716)	[2]	$ 7,268	[2]	$ 427	[2]	$ 312	[2]	$ 507	[2]	$ 902	[2]	$ 642	[2]	$ 150	[2]	7,291	2,201	3,935
Noncontrolling interest		(13)		(2)		(21)		12		(7)		(3)		(20)		13		24	17	20
Net earnings attributable to Mondelez International		$ (729)		$ 7,266		$ 406		$ 324		$ 500		$ 899		$ 622		$ 163		$ 7,267	$ 2,184	$ 3,915
Weighted-average shares for basic EPS		1,589		1,609		1,625		1,648		1,677		1,688		1,694		1,704		1,618	1,691	1,774
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		21		20		18		17		18		17		18		18		19	18	15
Weighted-average shares for diluted EPS		1,610		1,629		1,643		1,665		1,695		1,705		1,712		1,722		1,637	1,709	1,789
Basic earnings per share attributable to Mondelez International:
Continuing operations																		$ 4.49	$ 1.29	$ 1.30
Discontinued operations																				0.91
Net earnings attributable to Mondelez International		$ (0.46)		$ 4.52		$ 0.25		$ 0.20		$ 0.30		$ 0.53		$ 0.37		$ 0.10		4.49	1.29	2.21
Diluted earnings per share attributable to Mondelez International:
Continuing operations																		4.44	1.28	1.29
Discontinued operations																				0.90
Net earnings attributable to Mondelez International		$ (0.46)	[3]	$ 4.46	[3]	$ 0.25	[3]	$ 0.19	[3]	$ 0.29		$ 0.53		$ 0.36		$ 0.09		$ 4.44	$ 1.28	$ 2.19
[1]	Earnings from continuing operations for the year ended December 31, 2015 includes a pre-tax charge of $778 million related to the deconsolidation of our Venezuelan operations. See Note 1, Summary of Significant Accounting Policies - Currency Translation and Highly Inflationary Accounting: Venezuela, for additional information.
[2]	See the following table for significant items that affected the comparability of earnings each quarter.
[3]	In the fourth quarter of 2015, we recorded a net loss, primarily due to the loss on deconsolidation of Venezuela and coffee business transaction final sales price adjustment. In accordance with U.S. GAAP, due to the net loss in the quarter, diluted EPS was equal to basic EPS.

Basic and Diluted Earnings p124

Basic and Diluted Earnings per Share (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015
Earnings Per Share [Line Items]
Loss on deconsolidation of Venezuela	$ (778)	$ (778)

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Mondelez International stock options excluded from the calculation of diluted EPS	5.1	8.6	7

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) - USD ($) $ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Dec. 31, 2015

[1]

Sep. 30, 2015

[1]

Dec. 31, 2015

Jul. 02, 2015

Jun. 30, 2015

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Segment Reporting Information [Line Items]

After-tax equity method investment net earnings

$ (72)

$ 72

$ 56

[2]

$ 113

[2]

$ 107

[2]

Operating income

8,897

3,242

3,971

Stock-based compensation expense

$ 136

141

128

Number of customers accounted for 10% or more of net revenue

No single customer accounted for 10% or more of our net revenues from continuing operations in 2015.

Customer Concentration Risk | Net Revenues | Five Largest Customers

Segment Reporting Information [Line Items]

Largest customer, percentage of net revenues

17.00%

Customer Concentration Risk | Net Revenues | Ten Largest Customers

Segment Reporting Information [Line Items]

Largest customer, percentage of net revenues

24.00%

Equity Method Investments

Segment Reporting Information [Line Items]

Operating income

$ 56

113

107

Corporate | Scenario, Adjustment

Segment Reporting Information [Line Items]

Stock-based compensation expense

$ 32

North America Segment

Segment Reporting Information [Line Items]

Operating income

1,105

922

889

North America Segment | Equity Method Investments

Segment Reporting Information [Line Items]

Operating income

$ 4

9

1

North America Segment | Scenario, Previously Reported

Segment Reporting Information [Line Items]

Stock-based compensation expense

(32)

Asia Pacific Segment

Segment Reporting Information [Line Items]

Operating income

268

385

512

Asia Pacific Segment | Equity Method Investments

Segment Reporting Information [Line Items]

Operating income

49

98

99

EEMEA Segment

Segment Reporting Information [Line Items]

Operating income

$ 194

327

379

EEMEA Segment | Equity Method Investments

Segment Reporting Information [Line Items]

Operating income

$ 3

$ 6

$ 7

Maximum

Segment Reporting Information [Line Items]

After-tax equity method investment net earnings

$ 1

[1]

Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.

[2]

Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.

Net Revenues by Segment (Detail

Net Revenues by Segment (Detail) - USD ($) $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

[1]

Dec. 31, 2013

[1]

Segment Reporting Information [Line Items]

Net revenues

$ 7,364

$ 6,849

$ 7,661

$ 7,762

$ 8,830

$ 8,337

$ 8,436

$ 8,641

$ 29,636

$ 34,244

$ 35,299

Latin America Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

4,988

5,153

5,382

Asia Pacific Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

4,360

4,605

4,952

EEMEA Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

2,786

3,638

3,915

Europe Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

10,528

13,912

14,059

North America Segment

Segment Reporting Information [Line Items]

Net revenues

$ 6,974

$ 6,936

$ 6,991

[1]

During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

[2]

On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for more information.

Net Revenues by Segment (Parent

Net Revenues by Segment (Parenthetical) (Detail) - USD ($) $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

[1]

Dec. 31, 2013

[1]

Segment Reporting Information [Line Items]

Net revenues

$ 7,364

$ 6,849

$ 7,661

$ 7,762

$ 8,830

$ 8,337

$ 8,436

$ 8,641

$ 29,636

$ 34,244

$ 35,299

Latin America Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

4,988

5,153

5,382

Asia Pacific Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

4,360

4,605

4,952

EEMEA Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

2,786

3,638

3,915

Europe Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

10,528

$ 13,912

$ 14,059

Coffee Business | Latin America Segment | Constant Currency | Variance

Segment Reporting Information [Line Items]

Net revenues

5

Coffee Business | Asia Pacific Segment | Constant Currency | Variance

Segment Reporting Information [Line Items]

Net revenues

32

Coffee Business | EEMEA Segment | Constant Currency | Variance

Segment Reporting Information [Line Items]

Net revenues

413

Coffee Business | Europe Segment | Constant Currency | Variance

Segment Reporting Information [Line Items]

Net revenues

$ 1,699

[1]

During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

[2]

On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for more information.

Operating Income by Segment (De

Operating Income by Segment (Detail) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
General corporate expenses					$ (383)	$ (317)	$ (287)
Amortization of intangibles					(181)	(206)	(217)
Benefit from indemnification resolution				$ 385			385
Gains on coffee business transactions and divestitures	$ (313)	$ 7,122	$ 13		6,822		30
Loss on deconsolidation of Venezuela	$ (778)				(778)
Acquisition-related costs					(8)	(2)	(2)
Operating income					8,897	3,242	3,971
Interest and other expense, net					(1,013)	(688)	(1,579)
Earnings from continuing operations before income taxes					7,884	2,554	2,392
Cost of Sales
Segment Reporting Information [Line Items]
Unrealized gains / (losses) on hedging activities					96	(112)	62
Selling, general and administrative expenses
Segment Reporting Information [Line Items]
Benefit from indemnification resolution				$ 336			336
Latin America Segment
Segment Reporting Information [Line Items]
Operating income					485	475	570
Asia Pacific Segment
Segment Reporting Information [Line Items]
Operating income					268	385	512
EEMEA Segment
Segment Reporting Information [Line Items]
Operating income					194	327	379
Europe Segment
Segment Reporting Information [Line Items]
Operating income					1,277	1,770	1,699
North America Segment
Segment Reporting Information [Line Items]
Operating income					$ 1,105	$ 922	$ 889

Total Assets by Segment (Detail

Total Assets by Segment (Detail) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total assets	[1]	$ 62,843	$ 66,771	$ 72,464
Equity Method Investments
Segment Reporting Information [Line Items]
Total assets	[1]	5,387	662	659
Latin America Segment
Segment Reporting Information [Line Items]
Total assets	[1],[2]	4,673	6,470	6,860
Asia Pacific Segment
Segment Reporting Information [Line Items]
Total assets	[1],[3]	7,936	8,068	8,487
EEMEA Segment
Segment Reporting Information [Line Items]
Total assets	[1],[3]	3,867	5,153	6,951
Europe Segment
Segment Reporting Information [Line Items]
Total assets	[1],[3]	19,683	24,568	27,599
North America Segment
Segment Reporting Information [Line Items]
Total assets	[1]	21,175	21,287	21,705
Unallocated Assets
Segment Reporting Information [Line Items]
Total assets	[1],[4]	$ 122	$ 563	$ 203
[1]	Beginning in the third quarter of 2015, earnings from equity method investees were reported outside of segment operating income, as discussed above in this Note and Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, and outside of segment assets. We reclassified equity method investments above as of December 31, 2014 and 2013 on a basis consistent with the 2015 presentation.
[2]	The change in total assets as of December 31, 2015 reflects a decrease of $1.1 billion related to the loss on deconsolidation of Venezuela. See Note 1, Summary of Significant Accounting Policies - Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.
[3]	On July 2, 2015, we deconsolidated our global coffee businesses, primarily from our Europe, EEMEA and Asia Pacific segments. See Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for more information.
[4]	Unallocated assets consist primarily of cash and cash equivalents, deferred income taxes, centrally held property, plant and equipment, prepaid pension assets and derivative financial instrument balances. We had debt issuance costs related to recognized debt liabilities of $46 million as of December 31, 2015, $44 million as of December 31, 2014 and $51 million as of December 31, 2013, which have been reclassified from long-term other assets to a deduction from the related debt obligations on the consolidated balance sheets.

Total Assets by Segment (Parent

Total Assets by Segment (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Deferred debt issuance costs	$ 46	$ 44	$ 51
Latin America Segment | Venezuela
Segment Reporting Information [Line Items]
Decrease in assets from deconsolidation of Venezuela	$ (1,100)

Capital Expenditures (Detail)

Capital Expenditures (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Depreciation expense	$ 713	$ 853	$ 860
Capital expenditures	1,514	1,642	1,622
Latin America Segment
Segment Reporting Information [Line Items]
Depreciation expense	94	118	107
Capital expenditures	354	460	412
Asia Pacific Segment
Segment Reporting Information [Line Items]
Depreciation expense	114	112	107
Capital expenditures	311	356	268
EEMEA Segment
Segment Reporting Information [Line Items]
Depreciation expense	66	90	88
Capital expenditures	197	219	254
Europe Segment
Segment Reporting Information [Line Items]
Depreciation expense	274	359	359
Capital expenditures	390	429	478
North America Segment
Segment Reporting Information [Line Items]
Depreciation expense	165	174	199
Capital expenditures	$ 262	$ 178	$ 210

Net Revenues by Geographic Segm

Net Revenues by Geographic Segment (Detail) - USD ($) $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Segment Reporting Information [Line Items]

Net revenues

$ 7,364

$ 6,849

$ 7,661

$ 7,762

$ 8,830

$ 8,337

$ 8,436

$ 8,641

$ 29,636

$ 34,244

[1]

$ 35,299

[1]

United States

Segment Reporting Information [Line Items]

Net revenues

6,302

6,143

5,965

Other

Segment Reporting Information [Line Items]

Net revenues

$ 23,334

$ 28,101

$ 29,334

[1]

During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

Long Lived Assets Excluding Def

Long Lived Assets Excluding Deferred Tax, Goodwill and Intangible Assets by Geographic Segment (Detail) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total long-lived assets	[1]	$ 8,789	$ 10,365	$ 10,808
United States
Segment Reporting Information [Line Items]
Total long-lived assets	[1]	1,551	1,564	1,607
Other
Segment Reporting Information [Line Items]
Total long-lived assets	[1]	$ 7,238	$ 8,801	$ 9,201
[1]	Long-lived assets no longer includes debt issuance costs related to recognized debt liabilities of $46 million as of December 31, 2015, $44 million as of December 31, 2014 and $51 million as of December 31, 2013, which have been reclassified from long-term other assets to a deduction from the related debt obligations on the consolidated balance sheets.

Long Lived Assets Excluding 135

Long Lived Assets Excluding Deferred Tax, Goodwill and Intangible Assets by Geographic Segment (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Deferred debt issuance costs	$ 46	$ 44	$ 51

Net Revenues by Consumer Sector

Net Revenues by Consumer Sector (Detail) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	[1]	Dec. 31, 2013	[1]
Segment Reporting Information [Line Items]
Net revenues		$ 7,364	$ 6,849	$ 7,661	$ 7,762	$ 8,830	$ 8,337	$ 8,436	$ 8,641	$ 29,636	$ 34,244		$ 35,299
Biscuits
Segment Reporting Information [Line Items]
Net revenues										11,393	11,509		11,696
Chocolate
Segment Reporting Information [Line Items]
Net revenues										8,074	9,381		9,667
Gum & Candy
Segment Reporting Information [Line Items]
Net revenues										4,258	4,660		5,055
Beverages
Segment Reporting Information [Line Items]
Net revenues	[2]									3,260	5,678		5,830
Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues										2,651	3,016		3,051
Latin America Segment
Segment Reporting Information [Line Items]
Net revenues	[3]									4,988	5,153		5,382
Latin America Segment | Biscuits
Segment Reporting Information [Line Items]
Net revenues										1,605	1,322		1,288
Latin America Segment | Chocolate
Segment Reporting Information [Line Items]
Net revenues										840	1,054		1,143
Latin America Segment | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues										1,091	1,176		1,380
Latin America Segment | Beverages
Segment Reporting Information [Line Items]
Net revenues	[2]									767	940		907
Latin America Segment | Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues										685	661		664
Asia Pacific Segment
Segment Reporting Information [Line Items]
Net revenues	[3]									4,360	4,605		4,952
Asia Pacific Segment | Biscuits
Segment Reporting Information [Line Items]
Net revenues										1,264	1,177		1,311
Asia Pacific Segment | Chocolate
Segment Reporting Information [Line Items]
Net revenues										1,444	1,555		1,632
Asia Pacific Segment | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues										717	776		849
Asia Pacific Segment | Beverages
Segment Reporting Information [Line Items]
Net revenues	[2]									401	465		470
Asia Pacific Segment | Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues										534	632		690
EEMEA Segment
Segment Reporting Information [Line Items]
Net revenues	[3]									2,786	3,638		3,915
EEMEA Segment | Biscuits
Segment Reporting Information [Line Items]
Net revenues										535	642		677
EEMEA Segment | Chocolate
Segment Reporting Information [Line Items]
Net revenues										896	1,082		1,181
EEMEA Segment | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues										544	646		673
EEMEA Segment | Beverages
Segment Reporting Information [Line Items]
Net revenues	[2]									543	981		1,113
EEMEA Segment | Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues										268	287		271
Europe Segment
Segment Reporting Information [Line Items]
Net revenues	[3]									10,528	13,912		14,059
Europe Segment | Biscuits
Segment Reporting Information [Line Items]
Net revenues										2,420	2,882		2,940
Europe Segment | Chocolate
Segment Reporting Information [Line Items]
Net revenues										4,638	5,394		5,385
Europe Segment | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues										757	908		968
Europe Segment | Beverages
Segment Reporting Information [Line Items]
Net revenues	[2]									1,549	3,292		3,340
Europe Segment | Cheese & Grocery
Segment Reporting Information [Line Items]
Net revenues										1,164	1,436		1,426
North America Segment
Segment Reporting Information [Line Items]
Net revenues										6,974	6,936		6,991
North America Segment | Biscuits
Segment Reporting Information [Line Items]
Net revenues										5,569	5,486		5,480
North America Segment | Chocolate
Segment Reporting Information [Line Items]
Net revenues										256	296		326
North America Segment | Gum & Candy
Segment Reporting Information [Line Items]
Net revenues										$ 1,149	$ 1,154		$ 1,185
[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.
[2]	On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segment beverage categories. The decrease in beverages net revenues in 2015 compared to 2014 primarily reflects the coffee business transactions and unfavorable currency on our remaining beverage business. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for more information.
[3]	On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for more information.

Net Revenues by Consumer Sec137

Net Revenues by Consumer Sector (Parenthetical) (Detail) - USD ($) $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

[1]

Dec. 31, 2013

[1]

Segment Reporting Information [Line Items]

Net revenues

$ 7,364

$ 6,849

$ 7,661

$ 7,762

$ 8,830

$ 8,337

$ 8,436

$ 8,641

$ 29,636

$ 34,244

$ 35,299

Latin America Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

4,988

5,153

5,382

Asia Pacific Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

4,360

4,605

4,952

EEMEA Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

2,786

3,638

3,915

Europe Segment

Segment Reporting Information [Line Items]

Net revenues

[2]

10,528

$ 13,912

$ 14,059

Coffee Business | Latin America Segment | Constant Currency | Variance

Segment Reporting Information [Line Items]

Net revenues

5

Coffee Business | Asia Pacific Segment | Constant Currency | Variance

Segment Reporting Information [Line Items]

Net revenues

32

Coffee Business | EEMEA Segment | Constant Currency | Variance

Segment Reporting Information [Line Items]

Net revenues

413

Coffee Business | Europe Segment | Constant Currency | Variance

Segment Reporting Information [Line Items]

Net revenues

$ 1,699

[1]

During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

[2]

On July 2, 2015, we contributed our global coffee businesses primarily from our Europe, EEMEA and Asia Pacific segments. The impact of deconsolidating our coffee businesses on July 2, 2015 was $1,699 million in Europe, $413 million in EEMEA, $32 million in Asia Pacific and $5 million in Latin America on a year-over-year basis. Refer to Note 2, Divestitures and Acquisitions - Coffee Business Transactions, for more information.

Quarterly Financial Data (Detai

Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Quarterly Financial Data [Line Items]
Net revenues	$ 7,364		$ 6,849		$ 7,661		$ 7,762		$ 8,830		$ 8,337		$ 8,436		$ 8,641		$ 29,636		$ 34,244	[1]	$ 35,299	[1]
Gross profit	2,835		2,670		3,066		2,941		3,146		3,142		3,105		3,204		11,512		12,597		13,110
(Benefit) / provision for income taxes	32		348		100		113		111	[2]	178	[2]	91	[2]	(27)	[2]	593		353		60
Equity method investment net losses / (earnings)	(72)	[3]	72	[3]													56	[4]	113	[4]	107	[4]
Net earnings / (loss)	(716)	[5]	7,268	[5]	427	[5]	312	[5]	507	[5]	902	[5]	642	[5]	150	[5]	7,291		2,201		3,935
Noncontrolling interest	13		2		21		(12)		7		3		20		(13)		(24)		(17)		(20)
Net earnings attributable to Mondelez International	$ (729)		$ 7,266		$ 406		$ 324		$ 500		$ 899		$ 622		$ 163		$ 7,267		$ 2,184		$ 3,915
Weighted-average shares for basic EPS	1,589		1,609		1,625		1,648		1,677		1,688		1,694		1,704		1,618		1,691		1,774
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares	21		20		18		17		18		17		18		18		19		18		15
Weighted-average shares for diluted EPS	1,610		1,629		1,643		1,665		1,695		1,705		1,712		1,722		1,637		1,709		1,789
Basic EPS attributable to Mondelez International	$ (0.46)		$ 4.52		$ 0.25		$ 0.20		$ 0.30		$ 0.53		$ 0.37		$ 0.10		$ 4.49		$ 1.29		$ 2.21
Diluted EPS attributable to Mondelez International	(0.46)	[6]	4.46	[6]	0.25	[6]	0.19	[6]	0.29		0.53		0.36		0.09		4.44		1.28		2.19
Dividends declared	0.17		0.17		0.15		0.15		0.15		0.15		0.14		0.14		$ 0.64		$ 0.58		$ 0.54
Market price - high	47.42		48.58		41.81		37.88		39.42		39.54		38.47		36.05
Market price, low	$ 41.55		$ 38.91		$ 35.93		$ 33.97		$ 31.83		$ 33.93		$ 34.03		$ 31.84
[1]	During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.
[2]	In the fourth quarter of 2014, we recorded a tax benefit of $43 million associated with the lapse of a statute of limitations that related to the third quarter of 2014.
[3]	Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.
[4]	Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.
[5]	See the following table for significant items that affected the comparability of earnings each quarter.
[6]	In the fourth quarter of 2015, we recorded a net loss, primarily due to the loss on deconsolidation of Venezuela and coffee business transaction final sales price adjustment. In accordance with U.S. GAAP, due to the net loss in the quarter, diluted EPS was equal to basic EPS.

Quarterly Financial Data (Paren

Quarterly Financial Data (Parenthetical) (Detail) - USD ($) $ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2014

Sep. 30, 2014

[3]

Jun. 30, 2014

[3]

Mar. 31, 2014

[3]

Dec. 31, 2015

Jul. 02, 2015

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Quarterly Financial Data [Line Items]

After-tax equity method investment net earnings

$ (72)

[1]

$ 72

[1]

$ 56

[2]

$ 113

[2]

$ 107

[2]

Operating income

8,897

3,242

3,971

(Benefit) / provision for income taxes

$ 32

$ 348

$ 100

$ 113

$ 111

[3]

$ 178

$ 91

$ (27)

$ 593

353

60

Maximum

Quarterly Financial Data [Line Items]

After-tax equity method investment net earnings

$ 1

Lapse Of Statutes Of Limitations

Quarterly Financial Data [Line Items]

(Benefit) / provision for income taxes

$ (43)

Equity Method Investments

Quarterly Financial Data [Line Items]

Operating income

$ 56

$ 113

$ 107

[1]

Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.

[2]

Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.

[3]

In the fourth quarter of 2014, we recorded a tax benefit of $43 million associated with the lapse of a statute of limitations that related to the third quarter of 2014.

Pre-Tax (Charges) _ Gains in Ea

Pre-Tax (Charges) / Gains in Earnings from Continuing Operations (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Data [Line Items]
Asset impairment and exit costs	$ (355)	$ (155)	$ (231)	$ (160)	$ (407)	$ (188)	$ (55)	$ (42)	$ 901	$ 692	$ 273
Remeasurement of net monetary assets in Venezuela				(11)	(6)	(19)		(142)
Loss on deconsolidation of Venezuela	(778)								(778)
Gains / (loss) on coffee business transactions and divestiture	(313)	7,122	13						6,822		30
Coffee business transactions currency- related net (loss) / gain		29	(144)	551	215	420	(7)		436	628
Loss on early extinguishment of debt and related expenses	(40)			(713)			(1)	(494)	$ 753	$ 495	$ 612
Pre-tax charges / (gains) in earnings from continuing operations	$ (1,486)	$ 6,996	$ (362)	$ (333)	$ (198)	$ 213	$ (63)	$ (678)

Valuation and Qualifying Acc141

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		$ 516	$ 510	$ 605
Addition Charged to Costs and Expenses		77	110	54
Charged to Other Accounts	[1]	(42)	(50)	(11)
Deductions	[2]	69	54	138
Balance at End of Period		482	516	510
Allowance for Trade Receivables
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		66	86	118
Addition Charged to Costs and Expenses		14	9	14
Charged to Other Accounts	[1]	(11)	(10)	(11)
Deductions	[2]	15	19	35
Balance at End of Period		54	66	86
Valuation Allowance for Other Current Receivables
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		91	73	45
Addition Charged to Costs and Expenses		12	39	20
Charged to Other Accounts	[1]	7	(13)
Deductions	[2]	1	8	(8)
Balance at End of Period		109	91	73
Valuation Allowance for Long Term Receivables
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		14	16	16
Addition Charged to Costs and Expenses		5	1
Charged to Other Accounts	[1]	(3)	(2)
Deductions	[2]		1
Balance at End of Period		16	14	16
Allowance for Deferred Taxes
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		345	335	426
Addition Charged to Costs and Expenses		46	61	20
Charged to Other Accounts	[1]	(35)	(25)
Deductions	[2]	53	26	111
Balance at End of Period		$ 303	$ 345	$ 335
[1]	Primarily related to divestitures, acquisitions and currency translation.
[2]	Represents charges for which allowances were created.