Mondelez International (MDLZ) 8-K Regulation FD Disclosure

Exhibit 99.1

U.S. GAAP to Non-GAAP Reconciliations

In addition to reporting our U.S. GAAP operating results, we have historically reported non-GAAP financial information. Refer also to our Quarterly Reports on Form 10-Q and our Annual Report on Form 10-K for the periods presented for additional information on our GAAP to non-GAAP adjustments.

Schedule 1.a

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Twelve Months Ended December 31, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,853		$	(138	)	$	608		$	3,383		$	1,224			36.2	%	$	(989	)	$	(421	)	$	14	$	3,555		$	2.47
Simplify to Grow Program		360			(3	)		—			363			81						—			—			—		282			0.20
Intangible asset impairment charges		144			—			—			144			33						—			—			—		111			0.08
Mark-to-market (gains)/losses from derivatives		(16	)		—			3			(19	)		(8	)					—			—			—		(11	)		(0.01	)
Acquisition integration costs		4			—			—			4			2						—			—			—		2			—
Acquisition-related costs		15			—			—			15			—						—			—			—		15			0.01
Divestiture-related costs		4			—			—			4			—						—			—			—		4			—
Net earnings from divestitures		—			—			—			—			(5	)					—			34			—		(29	)		(0.02	)
Costs associated with JDE Peet’s transaction		48			—			—			48			(250	)					—			—			—		298			0.20
Remeasurement of net monetary position		9			—			—			9			—						—			—			—		9			0.01
Impact from pension participation changes		—			—			(11	)		11			2						—			—			—		9			0.01
Impact from resolution of tax matters		(20	)		—			28			(48	)		(16	)					—			—			—		(32	)		(0.02	)
Loss related to interest rate swaps		—			—			(103	)		103			24						—			—			—		79			0.05
Loss on debt extinguishment and related expenses		—			—			(185	)		185			46						—			—			—		139			0.10
Gain on equity method investment transactions		—			—			—			—			(202	)					989			—			—		(787	)		(0.55	)
Equity method investee items		—			—			—			—			10						—			(92	)		—		82			0.06
Adjusted (Non-GAAP)	$	4,401		$	(141	)	$	340		$	4,202		$	941			22.4	%	$	—		$	(479	)	$	14	$	3,726		$	2.59
Net earnings from divestitures - KDP		—			—			—			—			(10	)					—			40			—		(30	)		(0.02	)
Change in equity method investee items		—			—			—			—			(3	)					—			11			—		(8	)		(0.01	)
Adjusted (Non-GAAP) - As Recast	$	4,401		$	(141	)	$	340		$	4,202		$	928			22.1	%	$	—		$	(428	)	$	14	$	3,688		$	2.56
Currency																												51			0.03
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	3,739		$	2.59
Diluted Average Shares Outstanding																															1,441
	For the Twelve Months Ended December 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Loss on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,843		$	(60	)	$	456		$	3,447		$	2			0.1	%	$	2		$	(501	)	$	15	$	3,929		$	2.69
Simplify to Grow Program		442			(6	)		—			448			103						—			—			—		345			0.24
Intangible asset impairment charges		57			—			—			57			14						—			—			—		43			0.03
Mark-to-market (gains)/losses from derivatives		(91	)		—			(1	)		(90	)		(19	)					—			—			—		(71	)		(0.05	)
Acquisition-related costs		3			—			—			3			1						—			—			—		2			—
Divestiture-related costs		6			—			—			6			—						—			—			—		6			—
Net earnings from divestitures		(9	)		—			—			(9	)		(7	)					—			62			—		(64	)		(0.05	)
Gain on divestitures		(44	)		—			—			(44	)		(3	)					—			—			—		(41	)		(0.03	)
Remeasurement of net monetary position		(4	)		—			—			(4	)		—						—			—			—		(4	)		—
Impact from pension participation changes		(35	)		—			(6	)		(29	)		(8	)					—			—			—		(21	)		(0.02	)
Impact from resolution of tax matters		85			—			—			85			21						—			—			—		64			0.05
CEO transition remuneration		9			—			—			9			—						—			—			—		9			0.01
Loss related to interest rate swaps		—			—			(111	)		111			—						—			—			—		111			0.08
Swiss tax reform net impacts		2			—			—			2			769						—			—			—		(767	)		(0.53	)
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(5	)					—			—			—		5			—
Loss on equity method investment transactions		—			—			—			—			(6	)					(2	)		—			—		8			0.01
Equity method investee items		—			—			—			—			9						—			(48	)		—		39			0.03
Adjusted (Non-GAAP)	$	4,264		$	(66	)	$	338		$	3,992		$	871			21.8	%	$	—		$	(487	)	$	15	$	3,593		$	2.46
Net earnings from divestitures - KDP		—			—			—			—			(8	)					—			33			—		(25	)		(0.01	)
Change in equity method investee items		—			—			—			—			(3	)					—			11			—		(8	)		(0.01	)
Adjusted (Non-GAAP) - As Recast	$	4,264		$	(66	)	$	338		$	3,992		$	860			21.5	%	$	—		$	(443	)	$	15	$	3,560		$	2.44
Diluted Average Shares Outstanding																															1,458

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.b

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended December 31, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,149		$	(36	)	$	244		$	941		$	344			36.6	%	$	(452	)	$	(110	)	$	3	$	1,156		$	0.80
Simplify to Grow Program		112			1			—			111			26						—			—			—		85			0.06
Mark-to-market (gains)/losses from derivatives		(58	)		—			(1	)		(57	)		(13	)					—			—			—		(44	)		(0.03	)
Acquisition integration costs		2			—			—			2			2						—			—			—		—			—
Costs associated with JDE Peet’s transaction		—			—			—			—			11						—			—			—		(11	)		(0.01	)
Remeasurement of net monetary position		2			—			—			2			—						—			—			—		2			—
Impact from pension participation changes		—			—			(2	)		2			—						—			—			—		2			—
Impact from resolution of tax matters		(20	)		—			28			(48	)		(16	)					—			—			—		(32	)		(0.02	)
Loss on debt extinguishment and related expenses		—			—			(185	)		185			46						—			—			—		139			0.10
Gain on equity method investment transactions		—			—			—			—			(108	)					452			—			—		(344	)		(0.24	)
Equity method investee items		—			—			—			—			1						—			(17	)		—		16			0.01
Rounding		1			—			—			1			—						—			—			—		1			—
Adjusted (Non-GAAP)	$	1,188		$	(35	)	$	84		$	1,139		$	293			25.7	%	$	—		$	(127	)	$	3	$	970		$	0.67
Net earnings from divestitures - KDP		—			—			—			—			(3	)					—			13			—		(10	)		—
Change in equity method investee items		—			—			—			—			(1	)					—			2			—		(1	)		—
Adjusted (Non-GAAP) - As Recast	$	1,188		$	(35	)	$	84		$	1,139		$	289			25.4	%	$	—		$	(112	)	$	3	$	959		$	0.67
Currency																												(23	)		(0.02	)
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	936		$	0.65
Diluted Average Shares Outstanding																															1,439
	For the Three Months Ended December 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	906		$	(18	)	$	70		$	854		$	230			26.9	%	$	—		$	(112	)	$	3	$	733		$	0.50
Simplify to Grow Program		138			—			—			138			36						—			—			—		102			0.07
Mark-to-market (gains)/losses from derivatives		(22	)		—			1			(23	)		(5	)					—			—			—		(18	)		(0.01	)
Acquisition-related costs		1			—			—			1			—						—			—			—		1			—
Net earnings from divestitures		—			—			—			—			(1	)					—			14			—		(12	)		—
Remeasurement of net monetary position		(6	)		—			—			(6	)		—						—			—			—		(6	)		—
Impact from pension participation changes		—			—			(3	)		3			1						—			—			—		2			—
Impact from resolution of tax matters		85			—			—			85			21						—			—			—		64			0.04
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(3	)					—			—			—		3			—
Equity method investee items		—			—			—			—			1						—			(14	)		—		12			0.01
Rounding		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Adjusted (Non-GAAP)	$	1,101		$	(18	)	$	68		$	1,051		$	280			26.6	%	$	—		$	(112	)	$	3	$	880		$	0.61
Net earnings from divestitures - KDP		—			—			—			—			(2	)					—			9			—		(7	)		(0.01	)
Change in equity method investee items		—			—			—			—			(1	)					—			3			—		(2	)		—
Adjusted (Non-GAAP) - As Recast	$	1,101		$	(18	)	$	68		$	1,051		$	277			26.4	%	$	—		$	(100	)	$	3	$	871		$	0.60
Diluted Average Shares Outstanding																															1,453

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.c

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended September 30, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes				Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,135		$	(38	)	$	89		$	1,084			$	391			36.1	%	$	(345	)	$	(84	)	$	3	$	1,119		$	0.78
Simplify to Grow Program		114			—			—			114		��		22						—			—			—		92			0.06
Intangible asset impairment charges		54			—			—			54				12						—			—			—		42			0.03
Mark-to-market (gains)/losses from derivatives		(145	)		—			3			(148	)			(27	)					—			—			—		(121	)		(0.08	)
Acquisition-related costs		—			—			—			—				(3	)					—			—			—		3			—
Divestiture-related costs		6			—			—			6				—						—			—			—		6			—
Net earnings from divestitures		—			—			—			—				(3	)					—			7			—		(4	)		—
Remeasurement of net monetary position		2			—			—			2				—						—			—			—		2			—
Impact from pension participation changes		—			—			(3	)		3				1						—			—			—		2			—
Gain on equity method investment transactions		—			—			—			—				(77	)					345			—			—		(268	)		(0.19	)
Equity method investee items		—			—			—			—				2						—			(39	)		—		37			0.03
Rounding		(1	)		—			—			(1	)			—						—			—			—		(1	)		—
Adjusted (Non-GAAP)	$	1,165		$	(38	)	$	89		$	1,114			$	318			28.5	%	$	—		$	(116	)	$	3	$	909		$	0.63
Net earnings from divestitures - KDP		—			—			—			—				(3	)					—			10			—		(7	)		(0.01	)
Change in equity method investee items		—			—			—			—				—						—			2			—		(2	)		—
Adjusted (Non-GAAP) - As Recast	$	1,165		$	(38	)	$	89		$	1,114			$	315			28.3	%	$	—		$	(104	)	$	3	$	900		$	0.62
Currency																													4			0.01
Adjusted @ Constant FX (Non-GAAP) - As Recast																												$	904		$	0.63
Diluted Average Shares Outstanding																																1,442
	For the Three Months Ended September 30, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes				Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	876		$	(13	)	$	205		$	684			$	(633	)		(92.5	)%	$	—		$	(114	)	$	5	$	1,426		$	0.98
Simplify to Grow Program		151			(1	)		—			152				29						—			—			—		123			0.08
Intangible asset impairment charges		57			—			—			57				14						—			—			—		43			0.03
Mark-to-market (gains)/losses from derivatives		(20	)		—			(2	)		(18	)			(8	)					—			—			—		(10	)		(0.01	)
Acquisition-related costs		1			—			—			1				1						—			—			—		—			—
Divestiture-related costs		(4	)		—			—			(4	)			(1	)					—			—			—		(3	)		—
Net earnings from divestitures		—			—			—			—				(2	)					—			14			—		(12	)		(0.01	)
Gain on divestitures		(3	)		—			—			(3	)			1						—			—			—		(4	)		—
Remeasurement of net monetary position		1			—			—			1				—						—			—			—		1			—
Impact from pension participation changes		—			—			(3	)		3				—						—			—			—		3			—
CEO transition remuneration		3			—			—			3				—						—			—			—		3			—
Loss related to interest rate swaps		—			—			(111	)		111				—						—			—			—		111			0.08
Swiss tax reform net impacts		2			—			—			2				769						—			—			—		(767	)		(0.53	)
Equity method investee items		—			—			—			—				1						—			(9	)		—		8			0.01
Rounding		1			—			—			1				—						—			—			—		1			—
Adjusted (Non-GAAP)	$	1,065		$	(14	)	$	89		$	990			$	171			17.3	%	$	—		$	(109	)	$	5	$	923		$	0.63
Net earnings from divestitures - KDP		—			—			—			—				(2	)					—			9			—		(7	)		—
Change in equity method investee items	��	—			—			—			—				—						—			2			—		(2	)		—
Adjusted (Non-GAAP) - As Recast	$	1,065		$	(14	)	$	89		$	990			$	169			17.1	%	$	—		$	(98	)	$	5	$	914		$	0.63
Diluted Average Shares Outstanding																																1,458

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.d

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended June 30, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	713		$	(31	)	$	85		$	659		$	341			51.7	%	$	(121	)	$	(106	)	$	1	$	544		$	0.38
Simplify to Grow Program		76			(4	)		—			80			20						—			—			—		60			0.04
Intangible asset impairment charges		90			—			—			90			21						—			—			—		69			0.05
Mark-to-market (gains)/losses from derivatives		2			—			—			2			—						—			—			—		2			—
Acquisition integration costs		2			—			—			2			—						—			—			—		2			—
Acquisition-related costs		10			—			—			10			2						—			—			—		8			0.01
Divestiture-related costs		(2	)		—			—			(2	)		—						—			—			—		(2	)		—
Net earnings from divestitures		—			—			—			—			—						—			11			—		(11	)		(0.01	)
Costs associated with JDE Peet’s transaction		48			—			—			48			(261	)					—			—			—		309			0.21
Remeasurement of net monetary position		3			—			—			3			—						—			—			—		3			—
Impact from pension participation changes		—			—			(3	)		3			—						—			—			—		3			—
Gain on equity method investment transactions		—			—			—			—			—						121			—			—		(121	)		(0.08	)
Equity method investee items		—			—			—			—			6						—			(29	)		—		23			0.02
Adjusted (Non-GAAP)	$	942		$	(35	)	$	82		$	895		$	129			14.4	%	$	—		$	(124	)	$	1	$	889		$	0.62
Net earnings from divestitures - KDP		—			—			—			—			(1	)					—			5			—		(4	)		—
Change in equity method investee items		—			—			—			—			(2	)					—			6			—		(4	)		(0.01	)
Adjusted (Non-GAAP) - As Recast	$	942		$	(35	)	$	82		$	895		$	126			14.1	%	$	—		$	(113	)	$	1	$	881		$	0.61
Currency																												27			0.02
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	908		$	0.63
Diluted Average Shares Outstanding																															1,439
	For the Three Months Ended June 30, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Loss on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,025		$	(12	)	$	101		$	936		$	216			23.1	%	$	25		$	(109	)	$	1	$	803		$	0.55
Simplify to Grow Program		83			(5	)		—			88			19						—			—			—		69			0.05
Mark-to-market (gains)/losses from derivatives		(33	)		—			—			(33	)		(3	)					—			—			—		(30	)		(0.02	)
Acquisition-related costs		1			—			—			1			—						—			—			—		1			—
Divestiture-related costs		11			—			—			11			1						—			—			—		10			0.01
Net earnings from divestitures		(5	)		—			—			(5	)		(2	)					—			14			—		(17	)		(0.01	)
Gain on divestitures		(41	)		—			—			(41	)		(3	)					—			—			—		(38	)		(0.03	)
Remeasurement of net monetary position		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Impact from pension participation changes		(35	)		—			—			(35	)		(9	)					—			—			—		(26	)		(0.02	)
CEO transition remuneration		3			—			—			3			—						—			—			—		3			—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(1	)					—			—			—		1			—
Loss on equity method investment transactions		—			—			—			—			(2	)					(25	)		—			—		27			0.02
Equity method investee items		—			—			—			—			3						—			(11	)		—		8			0.01
Adjusted (Non-GAAP)	$	1,008		$	(17	)	$	101		$	924		$	219			23.7	%	$	—		$	(106	)	$	1	$	810		$	0.56
Net earnings from divestitures - KDP		—			—			—			—			(2	)					—			7			—		(5	)		(0.01	)
Change in equity method investee items		—			—			—			—			(2	)					—			3			—		(1	)		—
Adjusted (Non-GAAP) - As Recast	$	1,008		$	(17	)	$	101		$	924		$	215			23.3	%	$	—		$	(96	)	$	1	$	804		$	0.55
Diluted Average Shares Outstanding																															1,458

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.e

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended March 31, 2020
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	856		$	(33	)	$	190		$	699		$	148			21.2	%	$	(71	)	$	(121	)	$	7	$	736		$	0.51
Simplify to Grow Program		58			—			—			58			13						—			—			—		45			0.03
Mark-to-market (gains)/losses from derivatives		185			—			1			184			32						—			—			—		152			0.11
Acquisition-related costs		5			—			—			5			1						—			—			—		4			—
Net earnings from divestitures		—			—			—			—			(2	)					—			16			—		(14	)		(0.01	)
Remeasurement of net monetary position		2			—			—			2			—						—			—			—		2			—
Impact from pension participation changes		—			—			(3	)		3			1						—			—			—		2			—
Loss related to interest rate swaps		—			—			(103	)		103			24						—			—			—		79			0.06
Gain on equity method investment transactions		—			—			—			—			(17	)					71			—			—		(54	)		(0.04	)
Equity method investee items		—			—			—			—			1						—			(7	)		—		6			—
Adjusted (Non-GAAP)	$	1,106		$	(33	)	$	85		$	1,054		$	201			19.1	%	$	—		$	(112	)	$	7	$	958		$	0.66
Net earnings from divestitures - KDP		—			—			—			—			(3	)					—			12			—		(9	)		—
Change in equity method investee items		—			—			—			—			—						—			1			—		(1	)		—
Adjusted (Non-GAAP) - As Recast	$	1,106		$	(33	)	$	85		$	1,054		$	198			18.8	%	$	—		$	(99	)	$	7	$	948		$	0.66
Currency																												43			0.03
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	991		$	0.69
Diluted Average Shares Outstanding																															1,445
	For the Three Months Ended March 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,036		$	(17	)	$	80		$	973		$	189			19.4	%	$	(23	)	$	(166	)	$	6	$	967		$	0.66
Simplify to Grow Program		70			—			—			70			19						—			—			—		51			0.03
Mark-to-market (gains)/losses from derivatives		(16	)		—			—			(16	)		(3	)					—			—			—		(13	)		(0.01	)
Divestiture-related costs		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Net earnings from divestitures		(4	)		—			—			(4	)		(1	)					—			20			—		(23	)		(0.01	)
Remeasurement of net monetary position		2			—			—			2			—						—			—			—		2			—
CEO transition remuneration		3			—			—			3			—						—			—			—		3			—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(1	)					—			—			—		1			—
Gain on equity method investment transactions		—			—			—			—			(5	)					23			—			—		(18	)		(0.01	)
Equity method investee items		—			—			—			—			3						—			(14	)		—		11			0.01
Adjusted (Non-GAAP)	$	1,090		$	(17	)	$	80		$	1,027		$	201			19.6	%	$	—		$	(160	)	$	6	$	980		$	0.67
Net earnings from divestitures - KDP		—			—			—			—			(2	)					—			8			—		(6	)		(0.01	)
Change in equity method investee items		—			—			—			—			—						—			3			—		(3	)		—
Adjusted (Non-GAAP) - As Recast	$	1,090		$	(17	)	$	80		$	1,027		$	199			19.4	%	$	—		$	(149	)	$	6	$	971		$	0.66
Diluted Average Shares Outstanding																															1,461

⁽¹⁾  Taxes were computed for each of the items excluded from the companys GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.f

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Twelve Months Ended December 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Loss on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,843		$	(60	)	$	456		$	3,447		$	2			0.1	%	$	2		$	(501	)	$	15	$	3,929		$	2.69
Simplify to Grow Program		442			(6	)		—			448			103						—			—			—		345			0.24
Intangible asset impairment charges		57			—			—			57			14						—			—			—		43			0.03
Mark-to-market (gains)/losses from derivatives		(91	)		—			(1	)		(90	)		(19	)					—			—			—		(71	)		(0.05	)
Acquisition-related costs		3			—			—			3			1						—			—			—		2			—
Divestiture-related costs		6			—			—			6			—						—			—			—		6			—
Net earnings from divestitures		(9	)		—			—			(9	)		(7	)					—			62			—		(64	)		(0.05	)
Gain on divestitures		(44	)		—			—			(44	)		(3	)					—			—			—		(41	)		(0.03	)
Remeasurement of net monetary position		(4	)		—			—			(4	)		—						—			—			—		(4	)		—
Impact from pension participation changes		(35	)		—			(6	)		(29	)		(8	)					—			—			—		(21	)		(0.02	)
Impact from resolution of tax matters		85			—			—			85			21						—			—			—		64			0.05
CEO transition remuneration		9			—			—			9			—						—			—			—		9			0.01
Loss related to interest rate swaps		—			—			(111	)		111			—						—			—			—		111			0.08
Swiss tax reform net impacts		2			—			—			2			769						—			—			—		(767	)		(0.53	)
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(5	)					—			—			—		5			—
Loss on equity method investment transactions		—			—			—			—			(6	)					(2	)		—			—		8			0.01
Equity method investee items		—			—			—			—			9						—			(48	)		—		39			0.03
Adjusted (Non-GAAP)	$	4,264		$	(66	)	$	338		$	3,992		$	871			21.8	%	$	—		$	(487	)	$	15	$	3,593		$	2.46
Net earnings from divestitures - KDP		—			—			—			—			(8	)					—			33			—		(25	)		(0.01	)
Change in equity method investee items		—			—			—			—			(3	)					—			11			—		(8	)		(0.01	)
Adjusted (Non-GAAP) - As Recast	$	4,264		$	(66	)	$	338		$	3,992		$	860			21.5	%	$	—		$	(443	)	$	15	$	3,560		$	2.44
Currency																												220			0.15
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	3,780		$	2.59
Diluted Average Shares Outstanding																															1,458
	For the Twelve Months Ended December 31, 2018
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,312		$	(50	)	$	520		$	2,842		$	773			27.2	%	$	(778	)	$	(484	)	$	14	$	3,317		$	2.23
Simplify to Grow Program		626			(5	)		—			631			156						—			—			—		475			0.32
Intangible asset impairment charges		68			—			—			68			16						—			—			—		52			0.03
Mark-to-market (gains)/losses from derivatives		(141	)		—			1			(142	)		(10	)					—			—			—		(132	)		(0.09	)
Acquisition integration costs		3			—			—			3			—						—			—			—		3			—
Acquisition-related costs		13			—			—			13			3						—			—			—		10			0.01
Divestiture-related costs		(1	)		—			—			(1	)		(2	)					—			—			—		1			—
Net earnings from divestitures		(19	)		—			—			(19	)		(9	)					—			59			—		(69	)		(0.04	)
Remeasurement of net monetary position		11			—			—			11			—						—			—			—		11			0.01
Impact from pension participation changes		423			—			(6	)		429			108						—			—			—		321			0.22
Impact from resolution of tax matters		(15	)		—			(4	)		(11	)		6						—			—			—		(17	)		(0.01	)
CEO transition remuneration		22			—			—			22			5						—			—			—		17			0.01
Gain related to interest rate swaps		—			—			10			(10	)		(2	)					—			—			—		(8	)		(0.01	)
Loss on debt extinguishment and related expenses		—			—			(140	)		140			35						—			—			—		105			0.07
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(19	)					—			—			—		19			0.01
Gain on equity method investment transactions		—			—			—			—			(192	)					778			—			—		(586	)		(0.39	)
Equity method investee items		—			—			—			—			(15	)					—			32			—		(17	)		(0.01	)
Adjusted (Non-GAAP)	$	4,302		$	(55	)	$	381		$	3,976		$	853			21.5	%	$	—		$	(393	)	$	14	$	3,502		$	2.36
Net earnings from divestitures - KDP		—			—			—			—			(10	)					—			44			—		(34	)		(0.03	)
Change in equity method investee items		—			—			—			—			5						—			(15	)		—		10			0.01
Adjusted (Non-GAAP) - As Recast	$	4,302		$	(55	)	$	381		$	3,976		$	848			21.3	%	$	—		$	(364	)	$	14	$	3,478		$	2.34
Diluted Average Shares Outstanding																															1,486

⁽¹⁾  Taxes were computed for each of the items excluded from the companys GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.g

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended December 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	906		$	(18	)	$	70		$	854		$	230			26.9	%	$	—		$	(112	)	$	3	$	733		$	0.50
Simplify to Grow Program		138			—			—			138			36						—			—			—		102			0.07
Mark-to-market (gains)/losses from derivatives		(22	)		—			1			(23	)		(5	)					—			—			—		(18	)		(0.01	)
Acquisition-related costs		1			—			—			1			—						—			—			—		1			—
Net earnings from divestitures		—			—			—			—			(1	)					—			14			—		(12	)		—
Remeasurement of net monetary position		(6	)		—			—			(6	)		—						—			—			—		(6	)		—
Impact from pension participation changes		—			—			(3	)		3			1						—			—			—		2			—
Impact from resolution of tax matters		85			—			—			85			21						—			—			—		64			0.04
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(3	)					—			—			—		3			—
Equity method investee items		—			—			—			—			1						—			(14	)		—		12			0.01
Rounding		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Adjusted (Non-GAAP)	$	1,101		$	(18	)	$	68		$	1,051		$	280			26.6	%	$	—		$	(112	)	$	3	$	880		$	0.61
Net earnings from divestitures - KDP		—			—			—			—			(2	)					—			9			—		(7	)		(0.01	)
Change in equity method investee items		—			—			—			—			(1	)					—			3			—		(2	)		—
Adjusted (Non-GAAP) - As Recast	$	1,101		$	(18	)	$	68		$	1,051		$	277			26.4	%	$	—		$	(100	)	$	3	$	871		$	0.60
Currency																												34			0.02
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	905		$	0.62
Diluted Average Shares Outstanding																															1,453
	For the Three Months Ended December 31, 2018
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	870		$	(3	)	$	106		$	767		$	111			14.5	%	$	(21	)	$	(83	)	$	3	$	757		$	0.51
Simplify to Grow Program		194			(2	)		—			196			45						—			—			—		151			0.10
Mark-to-market (gains)/losses from derivatives		40			—			2			38			17						—			—			—		21			0.02
Acquisition integration costs		1			—			—			1			—						—			—			—		1			—
Acquisition-related costs		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Divestiture-related costs		2			—			—			2			—						—			—			—		2			—
Net earnings from divestitures		(5	)		—			—			(5	)		—						—			9			—		(14	)		(0.01	)
Remeasurement of net monetary position		(2	)		—			—			(2	)		—						—			—			—		(2	)		—
Impact from pension participation changes		15			—			(3	)		18			4						—			—			—		14			0.01
Impact from resolution of tax matters		(26	)		—			—			(26	)		(9	)					—			—			—		(17	)		(0.01	)
CEO transition remuneration		4			—			—			4			1						—			—			—		3			—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			77						—			—			—		(77	)		(0.05	)
Gain on equity method investment transactions		—			—			—			—			(8	)					21			—			—		(13	)		(0.01	)
Equity method investee items		—			—			—			—			5						—			(34	)		—		29			0.02
Rounding		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Adjusted (Non-GAAP)	$	1,091		$	(5	)	$	105		$	991		$	243			24.5	%	$	—		$	(108	)	$	3	$	853		$	0.58
Net earnings from divestitures - KDP		—			—			—			—			—						—			4			—		(4	)		—
Change in equity method investee items		—			—			—			—			—						—			6			—		(6	)		(0.01	)
Adjusted (Non-GAAP) - As Recast	$	1,091		$	(5	)	$	105		$	991		$	243			24.5	%	$	—		$	(98	)	$	3	$	843		$	0.57
Diluted Average Shares Outstanding																															1,470

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.h

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended September 30, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	876		$	(13	)	$	205		$	684		$	(633	)		(92.5	)%	$	—		$	(114	)	$	5	$	1,426		$	0.98
Simplify to Grow Program		151			(1	)		—			152			29						—			—			—		123			0.08
Intangible asset impairment charges		57			—			—			57			14						—			—			—		43			0.03
Mark-to-market (gains)/losses from derivatives		(20	)		—			(2	)		(18	)		(8	)					—			—			—		(10	)		(0.01	)
Acquisition-related costs		1			—			—			1			1						—			—			—		—			—
Divestiture-related costs		(4	)		—			—			(4	)		(1	)					—			—			—		(3	)		—
Net earnings from divestitures		—			—			—			—			(2	)					—			14			—		(12	)		(0.01	)
Gain on divestitures		(3	)		—			—			(3	)		1						—			—			—		(4	)		—
Remeasurement of net monetary position		1			—			—			1			—						—			—			—		1			—
Impact from pension participation changes		—			—			(3	)		3			—						—			—			—		3			—
CEO transition remuneration		3			—			—			3			—						—			—			—		3			—
Loss related to interest rate swaps		—			—			(111	)		111			—						—			—			—		111			0.08
Swiss tax reform net impacts		2			—			—			2			769						—			—			—		(767	)		(0.53	)
Equity method investee items		—			—			—			—			1						—			(9	)		—		8			0.01
Rounding		1			—			—			1			—						—			—			—		1			—
Adjusted (Non-GAAP)	$	1,065		$	(14	)	$	89		$	990		$	171			17.3	%	$	—		$	(109	)	$	5	$	923		$	0.63
Net earnings from divestitures - KDP		—			—			—			—			(2	)					—			9			—		(7	)		—
Change in equity method investee items		—			—			—			—			—						—			2			—		(2	)		—
Adjusted (Non-GAAP) - As Recast	$	1,065		$	(14	)	$	89		$	990		$	169			17.1	%	$	—		$	(98	)	$	5	$	914		$	0.63
Currency																												47			0.03
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	961		$	0.66
Diluted Average Shares Outstanding																															1,458
	For the Three Months Ended September 30, 2018
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	737		$	(19	)	$	86		$	670		$	310			46.3	%	$	(757	)	$	(84	)	$	3	$	1,198		$	0.81
Simplify to Grow Program		139			—			—			139			34						—			—			—		105			0.07
Intangible asset impairment charges		68			—			—			68			16						—			—			—		52			0.03
Mark-to-market (gains)/losses from derivatives		112			—			(1	)		113			12						—			—			—		101			0.07
Acquisition integration costs		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Acquisition-related costs		1			—			—			1			—						—			—			—		1			—
Net earnings from divestitures		(6	)		—			—			(6	)		(1	)					—			8			—		(13	)		(0.01	)
Remeasurement of net monetary position		13			—			—			13			—						—			—			—		13			0.01
Impact from pension participation changes		—			—			(3	)		3			1						—			—			—		2			—
CEO transition remuneration		4			—			—			4			1						—			—			—		3			—
Gain related to interest rate swaps		—			—			1			(1	)		—						—			—			—		(1	)		—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(9	)					—			—			—		9			0.01
Gain on equity method investment transactions		—			—			—			—			(184	)					757			—			—		(573	)		(0.39	)
Equity method investee items		—			—			—			—			—						—			(6	)		—		6			0.01
Rounding		1			—			—			1			—						—			—			—		1			—
Adjusted (Non-GAAP)	$	1,068		$	(19	)	$	83		$	1,004		$	180			17.9	%	$	—		$	(82	)	$	3	$	903		$	0.61
Net earnings from divestitures - KDP		—			—			—			—			(1	)					—			4			—		(3	)		—
Change in equity method investee items		—			—			—			—			—						—			1			—		(1	)		—
Adjusted (Non-GAAP) - As Recast	$	1,068		$	(19	)	$	83		$	1,004		$	179			17.8	%	$	—		$	(77	)	$	3	$	899		$	0.61
Diluted Average Shares Outstanding																															1,480

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.i

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended June 30, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Loss on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,025		$	(12	)	$	101		$	936		$	216			23.1	%	$	25		$	(109	)	$	1	$	803		$	0.55
Simplify to Grow Program		83			(5	)		—			88			19						—			—			—		69			0.05
Mark-to-market (gains)/losses from derivatives		(33	)		—			—			(33	)		(3	)					—			—			—		(30	)		(0.02	)
Acquisition-related costs		1			—			—			1			—						—			—			—		1			—
Divestiture-related costs		11			—			—			11			1						—			—			—		10			0.01
Net earnings from divestitures		(5	)		—			—			(5	)		(2	)					—			14			—		(17	)		(0.01	)
Gain on divestitures		(41	)		—			—			(41	)		(3	)					—			—			—		(38	)		(0.03	)
Remeasurement of net monetary position		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Impact from pension participation changes		(35	)		—			—			(35	)		(9	)					—			—			—		(26	)		(0.02	)
CEO transition remuneration		3			—			—			3			—						—			—			—		3			—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(1	)					—			—			—		1			—
Loss on equity method investment transactions		—			—			—			—			(2	)					(25	)		—			—		27			0.02
Equity method investee items		—			—			—			—			3						—			(11	)		—		8			0.01
Adjusted (Non-GAAP)	$	1,008		$	(17	)	$	101		$	924		$	219			23.7	%	$	—		$	(106	)	$	1	$	810		$	0.56
Net earnings from divestitures - KDP		—			—			—			—			(2	)					—			7			—		(5	)		(0.01	)
Change in equity method investee items		—			—			—			—			(2	)					—			3			—		(1	)		—
Adjusted (Non-GAAP) - As Recast	$	1,008		$	(17	)	$	101		$	924		$	215			23.3	%	$	—		$	(96	)	$	1	$	804		$	0.55
Currency																												52			0.04
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	856		$	0.59
Diluted Average Shares Outstanding																															1,458
	For the Three Months Ended June 30, 2018
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	481		$	(15	)	$	248		$	248		$	15			6.0	%	$	—		$	(88	)	$	2	$	319		$	0.21
Simplify to Grow Program		179			(3	)		—			182			47						—			—			—		135			0.09
Mark-to-market (gains)/losses from derivatives		(88	)		—			—			(88	)		(14	)					—			—			—		(74	)		(0.05	)
Acquisition integration costs		2			—			—			2			—						—			—			—		2			—
Acquisition-related costs		13			—			—			13			3						—			—			—		10			0.01
Net earnings from divestitures		(2	)		—			—			(2	)		(4	)					—			9			—		(7	)		—
Impact from pension participation changes		408			—			—			408			103						—			—			—		305			0.20
Impact from resolution of tax matters		11			—			(4	)		15			15						—			—			—		—			—
CEO transition remuneration		10			—			—			10			2						—			—			—		8			0.01
Loss related to interest rate swaps		—			—			(5	)		5			1						—			—			—		4			—
Loss on debt extinguishment and related expenses		—			—			(140	)		140			35						—			—			—		105			0.07
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			2						—			—			—		(2	)		—
Equity method investee items		—			—			—			—			2						—			(8	)		—		6			0.01
Rounding		2			—			—			2			—						—			—			—		2			—
																				��
Adjusted (Non-GAAP)	$	1,016		$	(18	)	$	99		$	935		$	207			22.1	%	$	—		$	(87	)	$	2	$	813		$	0.55
Net earnings from divestitures - KDP		—			—			—			—			(1	)					—			4			—		(3	)		(0.01	)
Change in equity method investee items		—			—			—			—			(1	)					—			2			—		(1	)		—
Adjusted (Non-GAAP) - As Recast	$	1,016		$	(18	)	$	99		$	935		$	205			21.9	%	$	—		$	(81	)	$	2	$	809		$	0.54
Diluted Average Shares Outstanding																															1,488

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.j

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Three Months Ended March 31, 2019
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net		Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,036		$	(17	)	$	80	$	973		$	189			19.4	%	$	(23	)	$	(166	)	$	6	$	967		$	0.66
Simplify to Grow Program		70			—			—		70			19						—			—			—		51			0.03
Mark-to-market (gains)/losses from derivatives		(16	)		—			—		(16	)		(3	)					—			—			—		(13	)		(0.01	)
Divestiture-related costs		(1	)		—��			—		(1	)		—						—			—			—		(1	)		—
Net earnings from divestitures		(4	)		—			—		(4	)		(1	)					—			20			—		(23	)		(0.01	)
Remeasurement of net monetary position		2			—			—		2			—						—			—			—		2			—
CEO transition remuneration		3			—			—		3			—						—			—			—		3			—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—		—			(1	)					—			—			—		1			—
Gain on equity method investment transactions		—			—			—		—			(5	)					23			—			—		(18	)		(0.01	)
Equity method investee items		—			—			—		—			3						—			(14	)		—		11			0.01
Adjusted (Non-GAAP)	$	1,090		$	(17	)	$	80	$	1,027		$	201			19.6	%	$	—		$	(160	)	$	6	$	980		$	0.67
Net earnings from divestitures - KDP		—			—			—		—			(2	)					—			8			—		(6	)		(0.01	)
Change in equity method investee items		—			—			—		—			—						—			3			—		(3	)		—
Adjusted (Non-GAAP) - As Recast	$	1,090		$	(17	)	$	80	$	1,027		$	199			19.4	%	$	—		$	(149	)	$	6	$	971		$	0.66
Currency																											87			0.06
Adjusted @ Constant FX (Non-GAAP) - As Recast																										$	1,058		$	0.72
Diluted Average Shares Outstanding																														1,461
	For the Three Months Ended March 31, 2018
	Operating Income			Benefit plan non-service expense / (income)			Interest and other expense, net		Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	1,224		$	(13	)	$	80	$	1,157		$	337			29.1	%	$	—		$	(229	)	$	6	$	1,043		$	0.69
Simplify to Grow Program		114			—			—		114			30						—			—			—		84			0.06
Mark-to-market (gains)/losses from derivatives		(206	)		—			—		(206	)		(25	)					—			—			—		(181	)		(0.12	)
Acquisition integration costs		1			—			—		1			—						—			—			—		1			—
Divestiture-related costs		(3	)		—			—		(3	)		(2	)					—			—			—		(1	)		—
Net earnings from divestitures		(6	)		—			—		(6	)		(4	)					—			33			—		(35	)		(0.02	)
CEO transition remuneration		4			—			—		4			1						—			—			—		3			—
Gain related to interest rate swaps		—			—			14		(14	)		(3	)					—			—		��	—		(11	)		(0.01	)
U.S. tax reform discrete net tax (benefit)/expense		—			—			—		—			(89	)					—			—			—		89			0.06
Equity method investee items		—			—			—		—			(22	)					—			80			—		(58	)		(0.04	)
Rounding		(1	)		—			—		(1	)		—						—			—			—		(1	)		—
Adjusted (Non-GAAP)	$	1,127		$	(13	)	$	94	$	1,046		$	223			21.3	%	$	—		$	(116	)	$	6	$	933		$	0.62
Net earnings from divestitures - KDP		—			—			—		—			(8	)					—			32			—		(24	)		(0.02	)
Change in equity method investee items		—			—			—		—			6						—			(24	)		—		18			0.02
Adjusted (Non-GAAP) - As Recast	$	1,127		$	(13	)	$	94	$	1,046		$	221			21.1	%	$	—		$	(108	)	$	6	$	927		$	0.62
Diluted Average Shares Outstanding																														1,505

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 1.k

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Net Earnings and Tax Rate

(in millions of U.S. dollars and shares, except per share data)

(Unaudited)

	For the Twelve Months Ended December 31, 2018
	Operating Income			Benefit plan non- service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,312		$	(50	)	$	520		$	2,842		$	773			27.2	%	$	(778	)	$	(484	)	$	14	$	3,317		$	2.23
Simplify to Grow Program		626			(5	)		—			631			156						—			—			—		475			0.32
Intangible asset impairment charges		68			—			—			68			16						—			—			—		52			0.03
Mark-to-market (gains)/losses from derivatives		(141	)		—			1			(142	)		(10	)					—			—			—		(132	)		(0.09	)
Acquisition integration costs		3			—			—			3			—						—			—			—		3			—
Acquisition-related costs		13			—			—			13			3						—			—			—		10			0.01
Divestiture-related costs		(1	)		—			—			(1	)		(2	)					—			—			—		1			—
Net earnings from divestitures		(19	)		—			—			(19	)		(9	)					—			59			—		(69	)		(0.04	)
Remeasurement of net monetary position		11			—			—			11			—						—			—			—		11			0.01
Impact from pension participation changes		423			—			(6	)		429			108						—			—			—		321			0.22
Impact from resolution of tax matters		(15	)		—			(4	)		(11	)		6						—			—			—		(17	)		(0.01	)
CEO transition remuneration		22			—			—			22			5						—			—			—		17			0.01
Gain related to interest rate swaps		—			—			10			(10	)		(2	)					—			—			—		(8	)		(0.01	)
Loss on debt extinguishment and related expenses		—			—			(140	)		140			35						—			—			—		105			0.07
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			(19	)					—			—			—		19			0.01
Gain on equity method investment transactions		—			—			—			—			(192	)					778			—			—		(586	)		(0.39	)
Equity method investee items		—			—			—			—			(15	)					—			32			—		(17	)		(0.01	)
Adjusted (Non-GAAP)	$	4,302		$	(55	)	$	381		$	3,976		$	853			21.5	%	$	—		$	(393	)	$	14	$	3,502		$	2.36
Net earnings from divestitures - KDP		—			—			—			—			(10	)					—			44			—		(34	)		(0.03	)
Change in equity method investee items		—			—			—			—			5						—			(15	)		—		10			0.01
Adjusted (Non-GAAP) - As Recast	$	4,302		$	(55	)	$	381		$	3,976		$	848			21.3	%	$	—		$	(364	)	$	14	$	3,478		$	2.34
Currency																												36			0.02
Adjusted @ Constant FX (Non-GAAP) - As Recast																											$	3,514		$	2.36
Diluted Average Shares Outstanding																															1,486
	For the Twelve Months Ended December 31, 2017
	Operating Income			Benefit plan non -service expense / (income)			Interest and other expense, net			Earnings before income taxes			Income taxes (1)			Effective tax rate			Gain on equity method investment transactions			Equity method investment net losses / (earnings)			Non- controlling interest earnings		Net Earnings attributable to Mondelēz International			Diluted EPS attributable to Mondelēz International
Reported (GAAP)	$	3,462		$	(44	)	$	382		$	3,124		$	666			21.3	%	$	(40	)	$	(315	)	$	14	$	2,799		$	1.83
Simplify to Grow Program		777			(15	)		—			792			190						—			—			—		602			0.39
Intangible asset impairment charges		109			—			—			109			30						—			—			—		79			0.05
Mark-to-market (gains)/losses from derivatives		96			—			—			96			6						—			—			—		90			0.06
Malware incident incremental expenses		84			—			—			84			27						—			—			—		57			0.04
Acquisition integration costs		3			—			—			3			—						—			—			—		3			—
Divestiture-related costs		31			—			(3	)		34			(8	)					—			—			—		42			0.02
Net earnings from divestitures		(92	)		—			—			(92	)		(22	)					—			35			—		(105	)		(0.06	)
Gain on divestitures		(186	)		—			—			(186	)		(7	)					—			—			—		(179	)		(0.11	)
Impacts from resolution of tax matters		(209	)		—			72			(281	)		(75	)					—			—			—		(206	)		(0.13	)
CEO transition remuneration		14			—			—			14			5						—			—			—		9			0.01
Loss on debt extinguishment and related expenses		—			—			(11	)		11			4						—			—			—		7			—
U.S. tax reform discrete net tax (benefit)/expense		—			—			—			—			44						—			—			—		(44	)		(0.03	)
Gain on equity method investment transactions		—			—			—			—			(15	)					40			—			—		(25	)		(0.02	)
Equity method investee items		—			—			—			—			8						—			(57	)		—		49			0.03
Rounding		(1	)		—			—			(1	)		—						—			—			—		(1	)		—
Adjusted (Non-GAAP)	$	4,088		$	(59	)	$	440		$	3,707		$	853			23.0	%	$	—		$	(337	)	$	14	$	3,177		$	2.08
Net earnings from divestitures - KDP		—			—			—			—			(7	)					—			19			—		(12	)		(0.02	)
Change in equity method investee items		—			—			—			—			(2	)					—			6			—		(4	)		—
Adjusted (Non-GAAP) - As Recast	$	4,088		$	(59	)	$	440		$	3,707		$	844			22.8	%	$	—		$	(312	)	$	14	$	3,161		$	2.06
Diluted Average Shares Outstanding																															1,531

⁽¹⁾  Taxes were computed for each of the items excluded from the company’s GAAP results based on the facts and tax assumptions associated with each item.

Schedule 2.a

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Twelve Months Ended December 31,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	2.47		$	2.69		$	(0.22	)		(8.2	)%
Simplify to Grow Program		0.20			0.24			(0.04	)
Intangible asset impairment charges		0.08			0.03			0.05
Mark-to-market (gains)/losses from derivatives		(0.01	)		(0.05	)		0.04
Acquisition-related costs		0.01			—			0.01
Net earnings from divestitures		(0.02	)		(0.05	)		0.03
Gain on divestitures		—			(0.03	)		0.03
Costs associated with JDE Peet’s transaction		0.20			—			0.20
Remeasurement of net monetary position		0.01			—			0.01
Impact from pension participation changes		0.01			(0.02	)		0.03
Impact from resolution of tax matters		(0.02	)		0.05			(0.07	)
CEO transition remuneration		—			0.01			(0.01	)
Loss related to interest rate swaps		0.05			0.08			(0.03	)
Loss on debt extinguishment and related expenses		0.10			—			0.10
Swiss tax reform net impacts		—			(0.53	)		0.53
(Gain)/loss on equity method investment transactions		(0.55	)		0.01			(0.56	)
Equity method investee items		0.06			0.03			0.03
Adjusted EPS (Non-GAAP)	$	2.59		$	2.46		$	0.13			5.3	%
Net earnings from divestitures - KDP		(0.02	)		(0.01	)		(0.01	)
Change in equity method investee items		(0.01	)		(0.01	)		—
Adjusted EPS (Non-GAAP) - As Recast	$	2.56		$	2.44		$	0.12			4.9	%
Impact of unfavorable currency		0.03			—			0.03
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	2.59		$	2.44		$	0.15			6.1	%

Schedule 2.b

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended December 31,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.80		$	0.50		$	0.30			60.0	%
Simplify to Grow Program		0.06			0.07			(0.01	)
Mark-to-market (gains)/losses from derivatives		(0.03	)		(0.01	)		(0.02	)
Costs associated with JDE Peet’s transaction		(0.01	)		—			(0.01	)
Impact from resolution of tax matters		(0.02	)		0.04			(0.06	)
Loss on debt extinguishment and related expenses		0.10			—			0.10
Gain on equity method investment transactions		(0.24	)		—			(0.24	)
Equity method investee items		0.01			0.01			—
Adjusted EPS (Non-GAAP)	$	0.67		$	0.61		$	0.06			9.8	%
Net earnings from divestitures - KDP		—			(0.01	)		0.01
Change in equity method investee items		—			—			—
Adjusted EPS (Non-GAAP) - As Recast	$	0.67		$	0.60		$	0.07			11.7	%
Impact of favorable currency		(0.02	)		—			(0.02	)
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.65		$	0.60		$	0.05			8.3	%

Schedule 2.c

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended September 30,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.78		$	0.98		$	(0.20	)		(20.4	)%
Simplify to Grow Program		0.06			0.08			(0.02	)
Intangible asset impairment charges		0.03			0.03			—
Mark-to-market (gains)/losses from derivatives		(0.08	)		(0.01	)		(0.07	)
Net earnings from divestitures		—			(0.01	)		0.01
Loss related to interest rate swaps		—			0.08			(0.08	)
Swiss tax reform net impacts		—			(0.53	)		0.53
Gain on equity method investment transactions		(0.19	)		—			(0.19	)
Equity method investee items		0.03			0.01			0.02
Adjusted EPS (Non-GAAP)	$	0.63		$	0.63		$	—			0.0	%
Net earnings from divestitures - KDP		(0.01	)		—			(0.01	)
Change in equity method investee items		—			—			—
Adjusted EPS (Non-GAAP) - As Recast	$	0.62		$	0.63		$	(0.01	)		(1.6	)%
Impact of unfavorable currency		0.01			—			0.01
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.63		$	0.63		$	—			0.0	%

Schedule 2.d

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended June 30,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.38		$	0.55		$	(0.17	)		(30.9	)%
Simplify to Grow Program		0.04			0.05			(0.01	)
Intangible asset impairment charges		0.05			—			0.05
Mark-to-market (gains)/losses from derivatives		—			(0.02	)		0.02
Acquisition-related costs		0.01			—			0.01
Divestiture-related costs		—			0.01			(0.01	)
Net earnings from divestitures		(0.01	)		(0.01	)		—
Gain on divestitures		—			(0.03	)		0.03
Costs associated with JDE Peet’s transaction		0.21			—			0.21
Impact from pension participation changes		—			(0.02	)		0.02
(Gain)/loss on equity method investment transactions		(0.08	)		0.02			(0.10	)
Equity method investee items		0.02			0.01			0.01
Adjusted EPS (Non-GAAP)	$	0.62		$	0.56		$	0.06			10.7	%
Net earnings from divestitures - KDP		—			(0.01	)		0.01
Change in equity method investee items		(0.01	)		—			(0.01	)
Adjusted EPS (Non-GAAP) - As Recast	$	0.61		$	0.55		$	0.06			10.9	%
Impact of unfavorable currency		0.02			—			0.02
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.63		$	0.55		$	0.08			14.5	%

Schedule 2.e

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended March 31,
	2020			2019			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.51		$	0.66		$	(0.15	)		(22.7	)%
Simplify to Grow Program		0.03			0.03			—
Mark-to-market (gains)/losses from derivatives		0.11			(0.01	)		0.12
Net earnings from divestitures		(0.01	)		(0.01	)		—
Loss related to interest rate swaps		0.06			—			0.06
Gain on equity method investment transactions		(0.04	)		(0.01	)		(0.03	)
Equity method investee items		—			0.01			(0.01	)
Adjusted EPS (Non-GAAP)	$	0.66		$	0.67		$	(0.01	)		(1.5	)%
Net earnings from divestitures - KDP		—			(0.01	)		0.01
Change in equity method investee items		—			—			—
Adjusted EPS (Non-GAAP) - As Recast	$	0.66		$	0.66		$	—			0.0	%
Impact of unfavorable currency		0.03			—			0.03
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.69		$	0.66		$	0.03			4.5	%

Schedule 2.f

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Twelve Months Ended December 31,
	2019			2018			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	2.69		$	2.23		$	0.46			20.6	%
Simplify to Grow Program		0.24			0.32			(0.08	)
Intangible asset impairment charges		0.03			0.03			—
Mark-to-market (gains)/losses from derivatives		(0.05	)		(0.09	)		0.04
Acquisition-related costs		—			0.01			(0.01	)
Net earnings from divestitures		(0.05	)		(0.04	)		(0.01	)
Gain on divestitures		(0.03	)		—			(0.03	)
Remeasurement of net monetary position		—			0.01			(0.01	)
Impact from pension participation changes		(0.02	)		0.22			(0.24	)
Impact from resolution of tax matters		0.05			(0.01	)		0.06
CEO transition remuneration		0.01			0.01			—
(Gain)/loss related to interest rate swaps		0.08			(0.01	)		0.09
Loss on debt extinguishment and related expenses		—			0.07			(0.07	)
Swiss tax reform net impacts		(0.53	)		—			(0.53	)
U.S. tax reform discrete net tax (benefit)/expense		—			0.01			(0.01	)
(Gain)/loss on equity method investment transactions		0.01			(0.39	)		0.40
Equity method investee items		0.03			(0.01	)		0.04
Adjusted EPS (Non-GAAP)	$	2.46		$	2.36		$	0.10			4.2	%
Net earnings from divestitures - KDP		(0.01	)		(0.03	)		0.02
Change in equity method investee items		(0.01	)		0.01			(0.02	)
Adjusted EPS (Non-GAAP) - As Recast	$	2.44		$	2.34		$	0.10			4.3	%
Impact of unfavorable currency		0.15			—			0.15
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	2.59		$	2.34		$	0.25			10.7	%

Schedule 2.g

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended December 31,
	2019			2018			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.50		$	0.51		$	(0.01	)		(2.0	)%
Simplify to Grow Program		0.07			0.10			(0.03	)
Mark-to-market (gains)/losses from derivatives		(0.01	)		0.02			(0.03	)
Net earnings from divestitures		—			(0.01	)		0.01
Impact from pension participation changes		—			0.01			(0.01	)
Impact from resolution of tax matters		0.04			(0.01	)		0.05
U.S. tax reform discrete net tax (benefit)/expense		—			(0.05	)		0.05
Gain on equity method investment transactions		—			(0.01	)		0.01
Equity method investee items		0.01			0.02			(0.01	)
Adjusted EPS (Non-GAAP)	$	0.61		$	0.58		$	0.03			5.2	%
Net earnings from divestitures - KDP		(0.01	)		—			(0.01	)
Change in equity method investee items		—			(0.01	)		0.01
Adjusted EPS (Non-GAAP) - As Recast	$	0.60		$	0.57		$	0.03			5.3	%
Impact of unfavorable currency		0.02			—			0.02
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.62		$	0.57		$	0.05			8.8	%

Schedule 2.h

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended September 30,
	2019			2018			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.98		$	0.81		$	0.17			21.0	%
Simplify to Grow Program		0.08			0.07			0.01
Intangible asset impairment charges		0.03			0.03			—
Mark-to-market (gains)/losses from derivatives		(0.01	)		0.07			(0.08	)
Net earnings from divestitures		(0.01	)		(0.01	)		—
Remeasurement of net monetary position		—			0.01			(0.01	)
Loss related to interest rate swaps		0.08			—			0.08
Swiss tax reform net impacts		(0.53	)		—			(0.53	)
U.S. tax reform discrete net tax (benefit)/expense		—			0.01			(0.01	)
Gain on equity method investment transactions		—			(0.39	)		0.39
Equity method investee items		0.01			0.01			—
Adjusted EPS (Non-GAAP)	$	0.63		$	0.61		$	0.02			3.3	%
Net earnings from divestitures - KDP		—			—			—
Change in equity method investee items		—			—			—
Adjusted EPS (Non-GAAP) - As Recast	$	0.63		$	0.61		$	0.02			3.3	%
Impact of unfavorable currency		0.03			—			0.03
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.66		$	0.61		$	0.05			8.2	%

Schedule 2.i

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended June 30,
	2019			2018			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.55		$	0.21		$	0.34			161.9	%
Simplify to Grow Program		0.05			0.09			(0.04	)
Mark-to-market (gains)/losses from derivatives		(0.02	)		(0.05	)		0.03
Acquisition-related costs		—			0.01			(0.01	)
Divestiture-related costs		0.01			—			0.01
Net earnings from divestitures		(0.01	)		—			(0.01	)
Gain on divestitures		(0.03	)		—			(0.03	)
Impact from pension participation changes		(0.02	)		0.20			(0.22	)
CEO transition remuneration		—			0.01			(0.01	)
Loss on debt extinguishment and related expenses		—			0.07			(0.07	)
Loss on equity method investment transactions		0.02			—			0.02
Equity method investee items		0.01			0.01			—
Adjusted EPS (Non-GAAP)	$	0.56		$	0.55		$	0.01			1.8	%
Net earnings from divestitures - KDP		(0.01	)		(0.01	)		—
Change in equity method investee items		—			—			—
Adjusted EPS (Non-GAAP) - As Recast	$	0.55		$	0.54		$	0.01			1.9	%
Impact of unfavorable currency		0.04			—			0.04
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.59		$	0.54		$	0.05			9.3	%

Schedule 2.j

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Three Months Ended March 31,
	2019			2018			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	0.66		$	0.69		$	(0.03	)		(4.3	)%
Simplify to Grow Program		0.03			0.06			(0.03	)
Mark-to-market (gains)/losses from derivatives		(0.01	)		(0.12	)		0.11
Net earnings from divestitures		(0.01	)		(0.02	)		0.01
Gain related to interest rate swaps		—			(0.01	)		0.01
U.S. tax reform discrete net tax (benefit)/expense		—			0.06			(0.06	)
Gain on equity method investment transactions		(0.01	)		—			(0.01	)
Equity method investee items		0.01			(0.04	)		0.05
Adjusted EPS (Non-GAAP)	$	0.67		$	0.62		$	0.05			8.1	%
Net earnings from divestitures - KDP		(0.01	)		(0.02	)		0.01
Change in equity method investee items		—			0.02			(0.02	)
Adjusted EPS (Non-GAAP) - As Recast	$	0.66		$	0.62		$	0.04			6.5	%
Impact of unfavorable currency		0.06			—			0.06
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	0.72		$	0.62		$	0.10			16.1	%

Schedule 2.k

Mondelēz International, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures

Diluted EPS

(Unaudited)

	For the Twelve Months Ended December 31,
	2018			2017			$ Change			% Change
Diluted EPS attributable to Mondelēz International (GAAP)	$	2.23		$	1.83		$	0.40			21.9	%
Simplify to Grow Program		0.32			0.39			(0.07	)
Intangible asset impairment charges		0.03			0.05			(0.02	)
Mark-to-market (gains)/losses from derivatives		(0.09	)		0.06			(0.15	)
Malware incident incremental expenses		—			0.04			(0.04	)
Acquisition-related costs		0.01			—			0.01
Divestiture-related costs		—			0.02			(0.02	)
Net earnings from divestitures		(0.04	)		(0.06	)		0.02
Gain on divestitures		—			(0.11	)		0.11
Remeasurement of net monetary position		0.01			—			0.01
Impact from pension participation changes		0.22			—			0.22
Impact from resolution of tax matters		(0.01	)		(0.13	)		0.12
CEO transition remuneration		0.01			0.01			—
Gain related to interest rate swaps		(0.01	)		—			(0.01	)
Loss on debt extinguishment and related expenses		0.07			—			0.07
U.S. tax reform discrete net tax (benefit)/expense		0.01			(0.03	)		0.04
Gain on equity method investment transactions		(0.39	)		(0.02	)		(0.37	)
Equity method investee items		(0.01	)		0.03			(0.04	)
Adjusted EPS (Non-GAAP)	$	2.36		$	2.08		$	0.28			13.5	%
Net earnings from divestitures - KDP		(0.03	)		(0.02	)		(0.01	)
Change in equity method investee items		0.01			—			0.01
Adjusted EPS (Non-GAAP) - As Recast	$	2.34		$	2.06		$	0.28			13.6	%
Impact of unfavorable currency		0.02			—			0.02
Adjusted EPS @ Constant FX (Non-GAAP) - As Recast	$	2.36		$	2.06		$	0.30			14.6	%