Note 12. Reclassifications from Accumulated Other Comprehensive Income
The following table summarizes the changes in accumulated balances of each component of accumulated other comprehensive earnings/(losses) attributable to Mondelēz International. Amounts reclassified from accumulated other comprehensive earnings/(losses) to net earnings (net of tax) were net (losses)/gains of $(284) million and $(2) million in the second quarter of 2025 and 2024, respectively, and $(331) million and $21 million in the first six months of 2025 and 2024, respectively. | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended
June 30, | | For the Six Months Ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (in millions) | | Currency Translation Adjustments: | | | | | | | | | Balance at beginning of period | $ | (10,488) | | | $ | (9,790) | | | $ | (11,017) | | | $ | (9,574) | | | Currency translation adjustments | 274 | | | (408) | | | 823 | | | (590) | | | | | | | | | | | | | | | | | | Tax effect | 82 | | | 19 | | | 69 | | | (21) | | | Other comprehensive earnings/(losses) | 356 | | | (389) | | | 892 | | | (611) | | | Less: other comprehensive (earnings)/loss attributable to noncontrolling interests | (17) | | | 2 | | | (24) | | | 8 | | | Balance at end of period | (10,149) | | | (10,177) | | | (10,149) | | | (10,177) | | | Pension and Other Benefit Plans: | | | | | | | | | Balance at beginning of period | $ | (1,430) | | | $ | (1,285) | | | $ | (1,402) | | | $ | (1,323) | | | Net actuarial gain/(loss) arising during period | (51) | | | (1) | | | (51) | | | (6) | | Tax effect on net actuarial gain/(loss) | 13 | | | 1 | | | 13 | | | 1 | | | Losses/(gains) reclassified into net earnings: | | | | | | | | Amortization of net loss and prior service (1) | 17 | | | 14 | | | 31 | | | 26 | | Settlement losses (1) | 288 | | | — | | | 292 | | | 6 | | | | | | | | | | Tax expense/(benefit) on reclassifications (3) | (80) | | | (4) | | | (82) | | | (8) | | | Currency impact | (100) | | | (2) | | | (144) | | | 27 | | | Other comprehensive earnings/(losses) | 87 | | | 8 | | | 59 | | | 46 | | | Balance at end of period | (1,343) | | | (1,277) | | | (1,343) | | | (1,277) | | | Derivative Cash Flow Hedges: | | | | | | | | | Balance at beginning of period | $ | (61) | | | $ | (57) | | | $ | (52) | | | $ | (49) | | Interest rate contracts gains/(losses) | 3 | | | (4) | | | 1 | | | (10) | | Cross-currency swap contracts gains/(losses) | (47) | | | 8 | | | (86) | | | 40 | | Other derivative gains/(losses) | (16) | | | (3) | | | (12) | | | (4) | | Tax effect on net derivative gain/(loss) | (3) | | | 3 | | | (2) | | | 6 | | | Losses/(gains) reclassified into net earnings: | | | | | | | | | | | | | | | | Interest rate contracts (2) | 2 | | | 3 | | | 3 | | | 6 | | Cross-currency swap contracts (2) | 52 | | | (13) | | | 79 | | | (53) | | Other derivative contracts (2) | — | | | 3 | | | — | | | 4 | | Tax expense/(benefit) on reclassifications (3) | 5 | | | (1) | | | 8 | | | (2) | | | Currency impact | (4) | | | — | | | (8) | | | 1 | | | Other comprehensive earnings/(losses) | (8) | | | (4) | | | (17) | | | (12) | | | Balance at end of period | (69) | | | (61) | | | (69) | | | (61) | | | Accumulated other comprehensive income attributable to Mondelēz International: | | | | | | | | | Balance at beginning of period | $ | (11,979) | | | $ | (11,132) | | | $ | (12,471) | | | $ | (10,946) | | | Total other comprehensive earnings/(losses) | 435 | | | (385) | | | 934 | | | (577) | | | Less: other comprehensive (earnings)/loss attributable to noncontrolling interests | (17) | | | 2 | | | (24) | | | 8 | | | Other comprehensive earnings/(losses) attributable to Mondelēz International | 418 | | | (383) | | | 910 | | | (569) | | | Balance at end of period | $ | (11,561) | | | $ | (11,515) | | | $ | (11,561) | | | $ | (11,515) | |
(1)These reclassified losses are included in net periodic benefit costs disclosed in Note 9, Benefit Plans. (2)These reclassified gains or losses are recorded within interest and other expense, net. (3)Taxes reclassified to earnings are recorded within the provision for income taxes.
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