Mondelez International : Q2 Financial Results (7900a0)

About this update from Mondelez International, Inc.

Schedule 1 PnL Schedule 1 Mondelēz International, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings (in millions of U.S. dollars and shares, except per share data) (Unaudited) For the Three Months Ended June 30, For the Six Months Ended June 30, 2026 2025 2026 2025 Net revenues $ 9,355 $ 8,984 $ 19,435 $ 18,297 Cost of sales (5,369) (6,047) (12,646) (12,930) Gross profit 3,986 2,937 6,789 5,367 Selling, general and administrative expenses (2,001) (1,725) (3,917) (3,436) Asset impairment and exit costs (13) (2) (66) (4) Gain on divestiture - - 1 - Amortization of intangible assets (26) (38) (53) (75) Operating income 1,946 1,172 2,754 1,852 Benefit plan non-service income/(expense) 27 (264) 58 (246) Interest and other expense, net (74) (53) (138) (206) Earnings before income taxes 1,899 855 2,674 1,400 Income tax provision (364) (230) (592) (384) Loss on equity method investment transactions - - (3) - Equity method investment net earnings 17 19 37 35 Net earnings 1,552 644 2,116 1,051 less: Noncontrolling interest earnings (4) (3) (8) (8) Net earnings attributable to Mondelēz International $ 1,548 $ 641 $ 2,108 $ 1,043 Per share data: Basic earnings per share attributable to Mondelēz International $ 1.21 $ 0.49 $ 1.64 $ 0.80 Diluted earnings per share attributable to Mondelēz International $ 1.20 $ 0.49 $ 1.64 $ 0.80 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 2 BS Schedule 2 Mondelēz International, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in millions of U.S. dollars) (Unaudited) June 30, December 31, 2026 2025 ASSETS Cash and cash equivalents $ 1,716 $ 2,125 Trade receivables 4,010 3,903 Other receivables 998 955 Inventories 4,405 4,419 Other current assets 1,809 1,549 Total current assets 12,938 12,951 Property, plant and equipment, net 10,649 10,667 Operating lease right-of-use assets 732 731 Goodwill 24,180 24,336 Intangible assets, net 19,509 19,628 Prepaid pension assets 1,251 1,220 Deferred income taxes 184 336 Equity method investments 619 667 Other assets 1,185 951 TOTAL ASSETS $ 71,247 $ 71,487 LIABILITIES Short-term borrowings $ 2,327 $ 2,688 Current portion of long-term debt 2,663 1,295 Accounts payable 9,411 10,139 Accrued marketing 2,612 2,787 Accrued employment costs 875 1,000 Other current liabilities 3,705 3,955 Total current liabilities 21,593 21,864 Long-term debt 16,460 17,222 Long-term operating lease liabilities 609 599 Deferred income taxes 3,539 3,530 Accrued pension costs 370 422 Accrued postretirement health care costs 72 74 Other liabilities 1,912 1,885 TOTAL LIABILITIES 44,555 45,596 EQUITY Common Stock - - Additional paid-in capital 32,333 32,322 Retained earnings 37,233 36,413 Accumulated other comprehensive losses (11,283) (11,364) Treasury stock (31,644) (31,533) Total Mondelēz International Shareholders' Equity 26,639 25,838 Noncontrolling interest 53 53 TOTAL EQUITY 26,692 25,891 TOTAL LIABILITIES AND EQUITY $ 71,247 $ 71,487 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 3 CF Schedule 3 Mondelēz International, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (in millions of U.S. dollars) (Unaudited) For the Six Months Ended June 30, 2026 2025 CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES Net earnings $ 2,116 $ 1,051 Adjustments to reconcile net earnings to operating cash flows: Depreciation and amortization 693 663 Stock-based compensation expense 87 65 Deferred income tax provision/(benefit) 149 (69) Asset impairments and accelerated depreciation 10 9 Gain on divestiture (1) - Loss on equity method investment transactions 3 - Equity method investment net earnings (37) (35) Distributions from equity method investments 44 44 Unrealized (gain)/loss on derivative contracts (509) 800 Contingent consideration adjustments 3 (38) Other non-cash items, net (5) 105 Changes in assets and liabilities, net of acquisitions and divestitures: Receivables, net (424) 536 Inventories (16) (775) Accounts payable (538) (177) Other current assets 142 108 Other current liabilities (296) (1,125) Change in pension and postretirement assets and liabilities, net (99) 238 Net cash provided by operating activities 1,322 1,400 CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES Capital expenditures (654) (582) Acquisitions, net of cash received - (15) Proceeds from divestitures 1 4 Proceeds from derivative settlements 179 19 Payments for derivative settlements (270) (55) Proceeds from investments 25 30 Proceeds from sale of property, plant and equipment and other 3 8 Net cash used in investing activities (716) (591) CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES Issuance of Commercial paper, maturities greater than 90 days 1,584 - Repayments of commercial paper, maturities greater than 90 days (587) - Net (repayment)/issuance of short-term borrowings (1,313) 1,589 Long-term debt proceeds 1,074 1,594 Long-term debt repayments (304) (1,242) Repurchases of Common Stock (212) (1,653) Dividends paid (1,287) (1,233) Other 6 83 Net cash used in financing activities (1,039) (862) Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) 240 Cash, cash equivalents and restricted cash: (Decrease)/increase (436) 187 Balance at beginning of period 2,195 1,400 Balance at end of period $ 1,759 $ 1,587 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 4 Org Rev Schedule 4 Mondelēz International, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Measures Net Revenues (in millions of U.S. dollars) (Unaudited) Latin America AMEA Europe North America Mondelēz International Emerging Markets Developed Markets For the Three Months Ended June 30, 2026 Reported (GAAP) $ 1,374 $ 1,971 $ 3,377 $ 2,633 $ 9,355 $ 3,909 $ 5,446 Currency-related items (80) (21) (83) 1 (183) (111) (72) Organic (Non-GAAP) $ 1,294 $ 1,950 $ 3,294 $ 2,634 $ 9,172 $ 3,798 $ 5,374 For the Three Months Ended June 30, 2025 Reported (GAAP) $ 1,194 $ 1,821 $ 3,412 $ 2,557 $ 8,984 $ 3,638 $ 5,346 Divestitures - - - (10) (10) - (10) Organic (Non-GAAP) $ 1,194 $ 1,821 $ 3,412 $ 2,547 $ 8,974 $ 3,638 $ 5,336 % Change - Reported (GAAP) 15.1% 8.2% (1.0)% 3.0% 4.1% 7.4% 1.9% Divestitures - pp - pp - pp 0.4 pp 0.1 pp - pp 0.2 pp Currency-related items (6.7) (1.1) (2.5) - (2.0) (3.0) (1.4) % Change - Organic (Non-GAAP) 8.4% 7.1% (3.5)% 3.4% 2.2% 4.4% 0.7% Vol/Mix 0.5 pp 5.2 pp (2.1)pp 1.2 pp 0.7 pp 1.6 pp - pp Pricing 7.9 1.9 (1.4) 2.2 1.5 2.8 0.7 Latin America AMEA Europe North America Mondelēz International Emerging Markets Developed Markets For the Six Months Ended June 30, 2026 Reported (GAAP) $ 2,722 $ 4,275 $ 7,248 $ 5,190 $ 19,435 $ 8,058 $ 11,377 Currency-related items (164) (81) (427) (10) (682) (304) (378) Organic (Non-GAAP) $ 2,558 $ 4,194 $ 6,821 $ 5,180 $ 18,753 $ 7,754 $ 10,999 For the Six Months Ended June 30, 2025 Reported (GAAP) $ 2,397 $ 3,837 $ 6,962 $ 5,101 $ 18,297 $ 7,361 $ 10,936 Divestitures - - - (21) (21) - (21) Organic (Non-GAAP) $ 2,397 $ 3,837 $ 6,962 $ 5,080 $ 18,276 $ 7,361 $ 10,915 % Change - Reported (GAAP) 13.6% 11.4% 4.1% 1.7% 6.2% 9.5% 4.0% Divestitures - pp - pp - pp 0.5 pp 0.1 pp - pp 0.2 pp Currency-related items (6.9) (2.1) (6.1) (0.2) (3.7) (4.2) (3.4) % Change - Organic (Non-GAAP) 6.7% 9.3% (2.0)% 2.0% 2.6% 5.3% 0.8% Vol/Mix (1.3)pp 5.5 pp (2.7)pp 0.4 pp 0.1 pp 1.0 pp (0.5)pp Pricing 8.0 3.8 0.7 1.6 2.5 4.3 1.3 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 5a GP_OI Schedule 5a Mondelēz International, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Measures Gross Profit / Operating Income (in millions of U.S. dollars) (Unaudited) Gross Profit Operating Income For the Three Months Ended June 30, 2026 Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz International Reported (GAAP) $ 3,986 $ 166 $ 254 $ 382 $ 431 $ 827 $ (88) $ (26) $ - $ 1,946 Restructuring charges - 3 - 3 2 - 1 - - 9 Mark-to-market (gains)/losses from derivatives (827) - - - - (827) - - - (827) Acquisition-related items 1 - 11 1 - - 1 - - 13 Incremental costs due to geopolitical conflicts 11 - 11 - - - - - - 11 ERP System Implementation costs 10 19 2 9 29 - - - - 59 Remeasurement of net monetary position 1 4 4 4 - - (1) - - 11 Adjusted (Non-GAAP) $ 3,182 $ 192 $ 282 $ 399 $ 462 $ - $ (87) $ (26) $ - $ 1,222 Currency-related items (58) (12) (1) (6) - - 1 1 - (17) Adjusted @ Constant FX (Non-GAAP) $ 3,124 $ 180 $ 281 $ 393 $ 462 $ - $ (86) $ (25) $ - $ 1,205 % Change - Reported (GAAP) 35.7% 24.8% (6.3)% (25.7)% (5.1)% n/m (27.5)% 31.6% n/m 66.0% % Change - Adjusted (Non-GAAP) 4.9% 26.3% 0.0% (21.8)% 4.3% n/m (31.8)% 31.6% n/m (4.8)% % Change - Adjusted @ Constant FX (Non-GAAP) 3.0% 18.4% (0.4)% (22.9)% 4.3% n/m (30.3)% 34.2% n/m (6.1)% Reported Margin % 42.6% 12.1% 12.9% 11.3% 16.4% 20.8% Reported Margin pp change 9.9 pp 1.0 pp (2.0)pp (3.8)pp (1.4)pp 7.8 pp Adjusted Margin % 34.0% 14.0% 14.3% 11.8% 17.5% 13.1% Adjusted Margin pp change 0.2 pp 1.3 pp (1.2)pp (3.1)pp 0.1 pp (1.2)pp Gross Profit Operating Income For the Three Months Ended June 30, 2025 Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz International Reported (GAAP) $ 2,937 $ 133 $ 271 $ 514 $ 454 $ (93) $ (69) $ (38) $ - $ 1,172 Restructuring charges (1) - - (3) - - (1) - - (4) Mark-to-market (gains)/losses from derivatives 93 - - - - 93 - - - 93 Acquisition-related items (1) 2 13 - (37) - 1 - - (21) Divestiture-related items - - - (4) - - 1 - - (3) Incremental costs due to geopolitical conflicts - - - 1 - - - - - 1 ERP System Implementation costs 5 14 (2) (2) 26 - 1 - - 37 Remeasurement of net monetary position (1) 3 - 4 - - 1 - - 8 Adjusted (Non-GAAP) $ 3,032 $ 152 $ 282 $ 510 $ 443 $ - $ (66) $ (38) $ - $ 1,283 Reported Margin % 32.7% 11.1% 14.9% 15.1% 17.8% 13.0% Adjusted Margin % 33.8% 12.7% 15.5% 14.9% 17.4% 14.3% _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 5b GP_OI Schedule 5b Mondelēz International, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Measures Gross Profit / Operating Income (in millions of U.S. dollars) (Unaudited) Gross Profit Operating Income For the Six Months Ended June 30, 2026 Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz International Reported (GAAP) $ 6,789 $ 315 $ 580 $ 676 $ 815 $ 554 $ (134) $ (53) $ 1 $ 2,754 Restructuring charges - 3 - 46 6 - 1 - - 56 Mark-to-market (gains)/losses from derivatives (554) - - - - (554) - - - (554) Acquisition-related items - 1 16 2 (12) - - - - 7 Divestiture-related items - - - - - - - - (1) (1) Incremental costs due to geopolitical conflicts 18 - 17 1 - - - - - 18 ERP System Implementation costs 20 35 3 21 53 - (4) - - 108 Remeasurement of net monetary position - 3 3 10 - - - - - 16 Adjusted (Non-GAAP) $ 6,273 $ 357 $ 619 $ 756 $ 862 $ - $ (137) $ (53) $ - $ 2,404 Currency-related items (208) (28) (15) (44) (1) - - 2 - (86) Adjusted @ Constant FX (Non-GAAP) $ 6,065 $ 329 $ 604 $ 712 $ 861 $ - $ (137) $ (51) $ - $ 2,318 % Change - Reported (GAAP) 26.5% 15.8% (5.5)% (30.7)% (13.2)% n/m (19.6)% 29.3% n/m 48.7% % Change - Adjusted (Non-GAAP) 2.1% 18.6% (4.0)% (23.2)% (5.8)% n/m (21.2)% 29.3% n/m (9.5)% % Change - Adjusted @ Constant FX (Non-GAAP) (1.2)% 9.3% (6.4)% (27.6)% (5.9)% n/m (21.2)% 32.0% n/m (12.8)% Margin Reported % 34.9% 11.6% 13.6% 9.3% 15.7% 14.2% Margin Reported pp change 5.6 pp 0.3 pp (2.4)pp (4.7)pp (2.7)pp 4.1 pp Margin Adjusted % 32.3% 13.1% 14.5% 10.4% 16.6% 12.4% Margin Adjusted pp change (1.3)pp 0.5 pp (2.3)pp (3.7)pp (1.4)pp (2.1)pp Gross Profit Operating Income For the Six Months Ended June 30, 2025 Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz International Reported (GAAP) $ 5,367 $ 272 $ 614 $ 976 $ 939 $ (762) $ (112) $ (75) $ - $ 1,852 Restructuring charges (1) (1) - (4) - - (1) - - (6) Mark-to-market (gains)/losses from derivatives 766 - - - - 762 - - - 762 Acquisition-related items (2) 5 27 - (61) - - - - (29) Divestiture-related items (1) - - (7) (1) - - - - (8) Incremental costs due to geopolitical conflicts - - - 1 - - - - - 1 ERP System Implementation costs 13 22 3 8 38 - (1) - - 70 Remeasurement of net monetary position (1) 3 1 10 - - 1 - - 15 Adjusted (Non-GAAP) $ 6,141 $ 301 $ 645 $ 984 $ 915 $ - $ (113) $ (75) $ - $ 2,657 Margin Reported % 29.3% 11.3% 16.0% 14.0% 18.4% 10.1% Margin Adjusted % 33.6% 12.6% 16.8% 14.1% 18.0% 14.5% _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 6a Cons IS Schedule 6a Mondelēz International, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Measures Tax Rate, Net Earnings and Diluted EPS (in millions of U.S. dollars and shares, except per share data) (Unaudited) For the Three Months Ended June 30, 2026 Operating Income Benefit plan non-service expense / (income) Interest and other expense, net Earnings before income taxes Income taxes Effective tax rate 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) $ 1,946 $ (27) $ 74 $ 1,899 $ 364 19.2 % $ - $ (17) $ 4 $ 1,548 $ 1.20 Restructuring charges 9 - - 9 4 - - - 5 - Mark-to-market (gains)/losses from derivatives (827) - - (827) (172) - - - (655) (0.51) Acquisition-related items 13 - - 13 - - - - 13 0.01 Incremental costs due to geopolitical conflicts 11 - - 11 - - - - 11 0.01 ERP System Implementation costs 59 - - 59 15 - - - 44 0.03 Remeasurement of net monetary position 11 - - 11 - - - - 11 0.01 Pension participation changes - - (2) 2 - - - - 2 - Initial impacts from enacted tax law changes - - - - 30 - - - (30) (0.02) Gain on marketable securities - - - - 6 - - - (6) - Adjusted (Non-GAAP) $ 1,222 $ (27) $ 72 $ 1,177 $ 247 21.0 % $ - $ (17) $ 4 $ 943 $ 0.73 Currency-related items (25) (0.02) Adjusted @ Constant FX (Non-GAAP) $ 918 $ 0.71 Diluted Average Shares Outstanding 1,287 % Change - Reported (GAAP) 141.5% 144.9% % Change - Adjusted (Non-GAAP) (0.2)% 0.0% % Change - Adjusted @ Constant FX (Non-GAAP) (2.9)% (2.7)% For the Three Months Ended June 30, 2025 Operating Income Benefit plan non-service expense / (income) Interest and other expense, net Earnings before income taxes Income taxes Effective tax rate 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) $ 1,172 $ 264 $ 53 $ 855 $ 230 26.9 % $ - $ (19) $ 3 $ 641 $ 0.49 Restructuring charges (4) - - (4) (2) - - - (2) - Mark-to-market (gains)/losses from derivatives 93 - - 93 16 - - - 77 0.06 Acquisition-related items (21) - - (21) (9) - - - (12) (0.01) Divestiture-related items (3) - - (3) - - - - (3) - Incremental costs due to geopolitical conflicts 1 - - 1 - - - - 1 - ERP System Implementation costs 37 - - 37 10 - - - 27 0.02 Remeasurement of net monetary position 8 - - 8 - - - - 8 0.01 Pension participation changes - (282) (3) 285 73 - - - 212 0.16 Initial impacts from enacted tax law changes - - - - 1 - - - (1) - Gain on marketable securities - - - - 3 - - - (3) - Adjusted (Non-GAAP) $ 1,283 $ (18) $ 50 $ 1,251 $ 322 25.7 % $ - $ (19) $ 3 $ 945 $ 0.73 Diluted Average Shares Outstanding 1,299 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 1 Schedule 1 Schedule 1 Schedule 1 Schedule 1 Schedule 1 Schedule 6b Cons IS Schedule 6b Mondelēz International, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Measures Tax Rate, Net Earnings and Diluted EPS (in millions of U.S. dollars and shares, except per share data) (Unaudited) For the Six Months Ended June 30, 2026 Operating Income Benefit plan non-service expense / (income) Interest and other expense, net Earnings before income taxes Income taxes 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) $ 2,754 $ (58) $ 138 $ 2,674 $ 592 22.1 % $ 3 $ (37) $ 8 $ 2,108 $ 1.64 Restructuring charges 56 - - 56 13 - - - 43 0.03 Mark-to-market (gains)/losses from derivatives (554) - - (554) (113) (1) - - (440) (0.34) Acquisition-related items 7 - - 7 (3) - - - 10 0.01 Divestiture-related items (1) - - (1) - - - - (1) - Incremental costs due to geopolitical conflicts 18 - - 18 - - - - 18 0.01 ERP System Implementation costs 108 - - 108 28 - - - 80 0.06 Remeasurement of net monetary position 16 - - 16 - - - - 16 0.01 Pension participation changes - 3 (4) 1 - - - - 1 - Initial impacts from enacted tax law changes - - - - 29 - - - (29) (0.02) Gain on marketable securities - - - - 6 - - - (6) - Loss on equity method investment transactions - - - - - (2) - - 2 - Adjusted (Non-GAAP) $ 2,404 $ (55) $ 134 $ 2,325 $ 552 23.7 % $ - $ (37) $ 8 $ 1,802 $ 1.40 Currency-related items (78) (0.06) Adjusted @ Constant FX (Non-GAAP) $ 1,724 $ 1.34 Diluted Average Shares Outstanding 1,286 % Change - Reported (GAAP) 102.1% 105.0% % Change - Adjusted (Non-GAAP) (5.5)% (4.8)% % Change - Adjusted @ Constant FX (Non-GAAP) (9.6)% (8.8)% For the Six Months Ended June 30, 2025 Operating Income Benefit plan non-service expense / (income) Interest and other expense, net Earnings before income taxes Income taxes Effective tax rate 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) $ 1,852 $ 246 $ 206 $ 1,400 $ 384 27.4 % $ - $ (35) $ 8 $ 1,043 $ 0.80 Restructuring charges (6) - - (6) (2) - - - (4) - Mark-to-market (gains)/losses from derivatives 762 - (4) 766 152 - - - 614 0.47 Acquisition-related items (29) - - (29) (14) - - - (15) (0.01) Divestiture-related items (8) - - (8) (1) - - - (7) - Incremental costs due to geopolitical conflicts 1 - - 1 - - - - 1 - ERP System Implementation costs 70 - - 70 18 - - - 52 0.04 Remeasurement of net monetary position 15 - - 15 - - - - 15 0.01 Pension participation changes - (282) (5) 287 73 - - - 214 0.16 Initial impacts from enacted tax law changes - - - - 3 - - - (3) - Gain on marketable securities - - - - 3 - - - (3) - Adjusted (Non-GAAP) $ 2,657 $ (36) $ 197 $ 2,496 $ 616 24.7 % $ - $ (35) $ 8 $ 1,907 $ 1.47 Diluted Average Shares Outstanding 1,301 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 1 Schedule 1 Schedule 1 Schedule 1 Schedule 1 Schedule 1 Schedule 1 Schedule 1 Schedule 7 FCF Schedule 7 Mondelēz International, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Measures Net Cash Provided by Operating Activities to Free Cash Flow (in millions of U.S. dollars) (Unaudited) For the Six Months Ended June 30, 2026 2025 $ Change Net Cash Provided by Operating Activities (GAAP) $ 1,322 $ 1,400 $ (78) Capital Expenditures (654) (582) (72) Free Cash Flow (Non-GAAP) $ 668 $ 818 $ (150) _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal WC - MDLZ Org Rev GAAP to Non-GAAP Reconciliation Net Revenues to Organic Net Revenue (in millions of U.S. dollars) (Unaudited) Latin America AMEA Europe North America Mondelēz International Emerging Markets Developed Markets For the Three Months Ended June 30, 2026 Reported (GAAP) $ 1,374 $ 1,971 $ 3,377 $ 2,633 $ 9,355 $ 3,909 $ 5,446 Currency-related items (80) (21) (83) 1 (183) (111) (72) Organic (Non-GAAP) $ 1,294 $ 1,950 $ 3,294 $ 2,634 $ 9,172 $ 3,798 $ 5,374 For the Three Months Ended June 30, 2025 Reported (GAAP) $ 1,194 $ 1,821 $ 3,412 $ 2,557 $ 8,984 $ 3,638 $ 5,346 Divestitures - - - (10) (10) - (10) Organic (Non-GAAP) $ 1,194 $ 1,821 $ 3,412 $ 2,547 $ 8,974 $ 3,638 $ 5,336 % Change - Reported (GAAP) 15.1% 8.2% (1.0)% 3.0% 4.1% 7.4% 1.9% Divestitures - pp - pp - pp 0.4 pp 0.1 pp - pp 0.2 pp Currency-related items (6.7) (1.1) (2.5) - (2.0) (3.0) (1.4) % Change - Organic (Non-GAAP) 8.4% 7.1% (3.5)% 3.4% 2.2% 4.4% 0.7% Vol/Mix 0.5 pp 5.2 pp (2.1)pp 1.2 pp 0.7 pp 1.6 pp - pp Pricing 7.9 1.9 (1.4) 2.2 1.5 2.8 0.7 Latin America AMEA Europe North America Mondelēz International Emerging Markets Developed Markets For the Six Months Ended June 30, 2026 Reported (GAAP) $ 2,722 $ 4,275 $ 7,248 $ 5,190 $ 19,435 $ 8,058 $ 11,377 Currency-related items (164) (81) (427) (10) (682) (304) (378) Organic (Non-GAAP) $ 2,558 $ 4,194 $ 6,821 $ 5,180 $ 18,753 $ 7,754 $ 10,999 For the Six Months Ended June 30, 2025 Reported (GAAP) $ 2,397 $ 3,837 $ 6,962 $ 5,101 $ 18,297 $ 7,361 $ 10,936 Divestitures - - - (21) (21) - (21) Organic (Non-GAAP) $ 2,397 $ 3,837 $ 6,962 $ 5,080 $ 18,276 $ 7,361 $ 10,915 % Change - Reported (GAAP) 13.6% 11.4% 4.1% 1.7% 6.2% 9.5% 4.0% Divestitures - pp - pp - pp 0.5 pp 0.1 pp - pp 0.2 pp Currency-related items (6.9) (2.1) (6.1) (0.2) (3.7) (4.2) (3.4) % Change - Organic (Non-GAAP) 6.7% 9.3% (2.0)% 2.0% 2.6% 5.3% 0.8% Vol/Mix (1.3)pp 5.5 pp (2.7)pp 0.4 pp 0.1 pp 1.0 pp (0.5)pp Pricing 8.0 3.8 0.7 1.6 2.5 4.3 1.3 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal WC - Sector Org Rev GAAP to Non-GAAP Reconciliation Net Revenues to Organic Net Revenue by Consumer Sector (in millions of U.S. dollars) (Unaudited) Biscuits & Baked Snacks Chocolate Gum & Candy Total Snacks Beverages Meals Mondelēz International For the Three Months Ended June 30, 2026 Reported (GAAP) $ 4,735 $ 2,721 $ 1,067 $ 8,523 $ 226 $ 606 $ 9,355 Currency-related items (65) (52) (45) (162) (1) (20) (183) Organic (Non-GAAP) $ 4,670 $ 2,669 $ 1,022 $ 8,361 $ 225 $ 586 $ 9,172 For the Three Months Ended June 30, 2025 Reported (GAAP) $ 4,564 $ 2,672 $ 950 $ 8,186 $ 227 $ 571 $ 8,984 Divestitures (10) - - (10) - - (10) Organic (Non-GAAP) $ 4,554 $ 2,672 $ 950 $ 8,176 $ 227 $ 571 $ 8,974 % Change - Reported (GAAP) 3.7% 1.8% 12.3% 4.1% (0.4)% 6.1% 4.1% % Change - Organic (Non-GAAP) 2.5% (0.1)% 7.6% 2.3% (0.9)% 2.6% 2.2% Vol/Mix 1.3 pp (1.6)pp 4.3 pp 0.8 pp (4.0)pp 1.5 pp 0.7 pp Pricing 1.2 1.5 3.3 1.5 3.1 1.1 1.5 Biscuits & Baked Snacks Chocolate Gum & Candy Total Snacks Beverages Meals Mondelēz International For the Six Months Ended June 30, 2026 Reported (GAAP) $ 9,278 $ 6,324 $ 2,121 $ 17,723 $ 501 $ 1,211 $ 19,435 Currency-related items (222) (290) (100) (612) (1) (69) (682) Organic (Non-GAAP) $ 9,056 $ 6,034 $ 2,021 $ 17,111 $ 500 $ 1,142 $ 18,753 For the Six Months Ended June 30, 2025 Reported (GAAP) $ 8,887 $ 5,862 $ 1,919 $ 16,668 $ 524 $ 1,105 $ 18,297 Divestitures (21) - - (21) - - (21) Organic (Non-GAAP) $ 8,866 $ 5,862 $ 1,919 $ 16,647 $ 524 $ 1,105 $ 18,276 % Change - Reported (GAAP) 4.4% 7.9% 10.5% 6.3% (4.4)% 9.6% 6.2% % Change - Organic (Non-GAAP) 2.1% 2.9% 5.3% 2.8% (4.6)% 3.3% 2.6% Vol/Mix 1.0 pp (1.9)pp 2.4 pp 0.2 pp (7.5)pp 2.2 pp 0.1 pp Pricing 1.1 4.8 2.9 2.6 2.9 1.1 2.5 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal WC GP_OI QTD GAAP to Non-GAAP Reconciliation Gross Profit / Operating Income to Adjusted Gross Profit / Operating Income (in millions of U.S. dollars) (Unaudited) Gross Profit Operating Income For the Three Months Ended June 30, 2026 Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz International Reported (GAAP) $ 3,986 $ 166 $ 254 $ 382 $ 431 $ 827 $ (88) $ (26) $ - $ 1,946 Restructuring charges - 3 - 3 2 - 1 - - 9 Mark-to-market (gains)/losses from derivatives (827) - - - - (827) - - - (827) Acquisition-related items 1 - 11 1 - - 1 - - 13 Incremental costs due to geopolitical conflicts 11 - 11 - - - - - - 11 ERP System Implementation costs 10 19 2 9 29 - - - - 59 Remeasurement of net monetary position 1 4 4 4 - - (1) - - 11 Adjusted (Non-GAAP) $ 3,182 $ 192 $ 282 $ 399 $ 462 $ - $ (87) $ (26) $ - $ 1,222 Currency-related items (58) (12) (1) (6) - - 1 1 - (17) Adjusted @ Constant FX (Non-GAAP) $ 3,124 $ 180 $ 281 $ 393 $ 462 $ - $ (86) $ (25) $ - $ 1,205 % Change - Reported (GAAP) 35.7% 24.8% (6.3)% (25.7)% (5.1)% n/m (27.5)% 31.6% n/m 66.0% % Change - Adjusted (Non-GAAP) 4.9% 26.3% 0.0% (21.8)% 4.3% n/m (31.8)% 31.6% n/m (4.8)% % Change - Adjusted @ Constant FX (Non-GAAP) 3.0% 18.4% (0.4)% (22.9)% 4.3% n/m (30.3)% 34.2% n/m (6.1)% Reported Margin % 42.6% 12.1% 12.9% 11.3% 16.4% 20.8% Reported Margin pp change 9.9 pp 1.0 pp (2.0)pp (3.8)pp (1.4)pp 7.8 pp Adjusted Margin % 34.0% 14.0% 14.3% 11.8% 17.5% 13.1% Adjusted Margin pp change 0.2 pp 1.3 pp (1.2)pp (3.1)pp 0.1 pp (1.2)pp Gross Profit Operating Income For the Three Months Ended June 30, 2025 Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz International Reported (GAAP) $ 2,937 $ 133 $ 271 $ 514 $ 454 $ (93) $ (69) $ (38) $ - $ 1,172 Restructuring charges (1) - - (3) - - (1) - - (4) Mark-to-market (gains)/losses from derivatives 93 - - - - 93 - - - 93 Acquisition-related items (1) 2 13 - (37) - 1 - - (21) Divestiture-related items - - - (4) - - 1 - - (3) Incremental costs due to geopolitical conflicts - - - 1 - - - - - 1 ERP System Implementation costs 5 14 (2) (2) 26 - 1 - - 37 Remeasurement of net monetary position (1) 3 - 4 - - 1 - - 8 Adjusted (Non-GAAP) $ 3,032 $ 152 $ 282 $ 510 $ 443 $ - $ (66) $ (38) $ - $ 1,283 Reported Margin % 32.7% 11.1% 14.9% 15.1% 17.8% 13.0% Adjusted Margin % 33.8% 12.7% 15.5% 14.9% 17.4% 14.3% &G &D at &T &1#&"Calibri,Regular"&10&K000000 Mondelez International Internal &F WC GP_OI YTD GAAP to Non-GAAP Reconciliation Gross Profit / Operating Income to Adjusted Gross Profit / Operating Income (in millions of U.S. dollars) (Unaudited) Gross Profit Operating Income For the Six Months Ended June 30, 2026 Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz International Reported (GAAP) $ 6,789 $ 315 $ 580 $ 676 $ 815 $ 554 $ (134) $ (53) $ 1 $ 2,754 Restructuring charges - 3 - 46 6 - 1 - - 56 Mark-to-market (gains)/losses from derivatives (554) - - - - (554) - - - (554) Acquisition-related items - 1 16 2 (12) - - - - 7 Divestiture-related items - - - - - - - - (1) (1) Incremental costs due to geopolitical conflicts 18 - 17 1 - - - - - 18 ERP System Implementation costs 20 35 3 21 53 - (4) - - 108 Remeasurement of net monetary position - 3 3 10 - - - - - 16 Adjusted (Non-GAAP) $ 6,273 $ 357 $ 619 $ 756 $ 862 $ - $ (137) $ (53) $ - $ 2,404 Currency-related items (208) (28) (15) (44) (1) - - 2 - (86) Adjusted @ Constant FX (Non-GAAP) $ 6,065 $ 329 $ 604 $ 712 $ 861 $ - $ (137) $ (51) $ - $ 2,318 % Change - Reported (GAAP) 26.5% 15.8% (5.5)% (30.7)% (13.2)% n/m (19.6)% 29.3% n/m 48.7% % Change - Adjusted (Non-GAAP) 2.1% 18.6% (4.0)% (23.2)% (5.8)% n/m (21.2)% 29.3% n/m (9.5)% % Change - Adjusted @ Constant FX (Non-GAAP) (1.2)% 9.3% (6.4)% (27.6)% (5.9)% n/m (21.2)% 32.0% n/m (12.8)% Margin Reported % 34.9% 11.6% 13.6% 9.3% 15.7% 14.2% Margin Reported pp change 5.6 pp 0.3 pp (2.4)pp (4.7)pp (2.7)pp 4.1 pp Margin Adjusted % 32.3% 13.1% 14.5% 10.4% 16.6% 12.4% Margin Adjusted pp change (1.3)pp 0.5 pp (2.3)pp (3.7)pp (1.4)pp (2.1)pp Gross Profit Operating Income For the Six Months Ended June 30, 2025 Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz International Reported (GAAP) $ 5,367 $ 272 $ 614 $ 976 $ 939 $ (762) $ (112) $ (75) $ - $ 1,852 Restructuring charges (1) (1) - (4) - - (1) - - (6) Mark-to-market (gains)/losses from derivatives 766 - - - - 762 - - - 762 Acquisition-related items (2) 5 27 - (61) - - - - (29) Divestiture-related items (1) - - (7) (1) - - - - (8) Incremental costs due to geopolitical conflicts - - - 1 - - - - - 1 ERP System Implementation costs 13 22 3 8 38 - (1) - - 70 Remeasurement of net monetary position (1) 3 1 10 - - 1 - - 15 Adjusted (Non-GAAP) $ 6,141 $ 301 $ 645 $ 984 $ 915 $ - $ (113) $ (75) $ - $ 2,657 Margin Reported % 29.3% 11.3% 16.0% 14.0% 18.4% 10.1% Margin Adjusted % 33.6% 12.6% 16.8% 14.1% 18.0% 14.5% &G &D at &T &1#&"Calibri,Regular"&10&K000000 Mondelez International Internal &F WC - EPS GAAP to Non-GAAP Reconciliation Diluted EPS to Adjusted EPS (Unaudited) Mondelēz International For the Three Months Ended June 30, 2026 For the Six Months Ended June 30, 2026 Reported (GAAP) $ 1.20 $ 1.64 Restructuring charges - 0.03 Mark-to-market (gains)/losses from derivatives (0.51) (0.34) Acquisition-related items 0.01 0.01 Incremental costs due to geopolitical conflicts 0.01 0.01 ERP System Implementation costs 0.03 0.06 Remeasurement of net monetary position 0.01 0.01 Initial impacts from enacted tax law changes (0.02) (0.02) Adjusted (Non-GAAP) $ 0.73 $ 1.40 Currency-related items (0.02) (0.06) Adjusted @ Constant FX (Non-GAAP) $ 0.71 $ 1.34 % Change - Reported (GAAP) 144.9% 105.0% % Change - Adjusted (Non-GAAP) 0.0% (4.8)% % Change - Adjusted @ Constant FX (Non-GAAP) (2.7)% (8.8)% Mondelēz International For the Three Months Ended June 30, 2025 For the Six Months Ended June 30, 2025 Reported (GAAP) $ 0.49 $ 0.80 Mark-to-market (gains)/losses from derivatives 0.06 0.47 Acquisition-related items (0.01) (0.01) ERP System Implementation costs 0.02 0.04 Remeasurement of net monetary position 0.01 0.01 Pension participation changes 0.16 0.16 Adjusted (Non-GAAP) $ 0.73 $ 1.47 _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal Schedule 1 Schedule 1 Schedule 1 Schedule 1 WC - FCF GAAP to Non-GAAP Reconciliation Net Cash Provided by Operating Activities to Free Cash Flow (in millions of U.S. dollars) (Unaudited) Mondelēz International For the Six Months Ended June 30, 2026 2025 $ Change Net Cash Provided by Operating Activities (GAAP) $ 1,322 $ 1,400 $ (78) Capital Expenditures (654) (582) (72) Free Cash Flow (Non-GAAP) $ 668 $ 818 $ (150) _x000D_&1#&"Calibri"&10&K000000 Mondelez International Internal

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