v3.26.1
Benefit Plans
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Benefit Plans
Note 7. Benefit Plans

Pension Plans

Components of Net Periodic Pension (Benefit)/Cost
Net periodic pension (benefit)/cost consisted of the following:
 U.S. PlansNon-U.S. Plans
 For the Three Months Ended
June 30,		For the Three Months Ended
June 30,
 2026202520262025
 (in millions)
Service cost$— $— $15 $16 
Interest cost4 17 68 66 
Expected return on plan assets(5)(20)(111)(107)
Amortization of net loss and prior service cost
1 2 19 18 
Settlement losses— 288 — — 
  Net periodic pension cost/(benefit)
$— $287 $(9)$(7)
 U.S. PlansNon-U.S. Plans
 For the Six Months Ended
June 30,		For the Six Months Ended
June 30,
 2026202520262025
 (in millions)
Service cost$1 $1 $31 $31 
Interest cost7 26 135 135 
Expected return on plan assets(10)(33)(220)(211)
Amortization of net loss and prior service cost
2 2 37 35 
Settlement (gains)/losses(3)292 — — 
  Net periodic pension (benefit)/cost
$(3)$288 $(17)$(10)

Employer Contributions
During the six months ended June 30, 2026, we contributed $2 million and $46 million to our U.S. and non-U.S. pension plans, respectively. We make contributions to our pension plans in accordance with local funding arrangements and statutory minimum funding requirements. Discretionary contributions are made to the extent that they are tax deductible and do not generate an excise tax liability.

As of June 30, 2026, we plan to make no further contributions to our U.S. plans and further contributions of approximately $31 million to our non-U.S. plans for the remainder of 2026. However, our actual contributions may be different due to many factors, including changes in tax and other benefit laws, significant differences between expected and actual pension asset performance or changes in interest rates.

Mondelēz Global LLC Retirement Plan Settlement
During 2024, we entered into agreements with two third-party insurance companies to purchase buy-in annuity contracts to cover the liabilities associated with the Mondelēz Global LLC Retirement Plan ("MDLZ Global Plan"), the pension plan for U.S. salaried employees. The agreements provided us with the option to elect a buy-out conversion, at which time full responsibility of the MDLZ Global Plan obligations would transfer to the insurance companies. During the second quarter of 2025, we elected the buy-out conversion and recognized a non-cash pre-tax settlement loss of $282 million as a component of our net periodic pension cost.

Multiemployer Pension Plans
On July 11, 2019, we received a withdrawal liability assessment from the Bakery and Confectionery Union and the Industry International Pension Fund requiring pro-rata monthly payments over 20 years and we recorded a discounted liability of $491 million at that time. In connection with the discounted long-term liability, we recorded accreted interest of $2 million and $3 million for the three months ended June 30, 2026 and 2025, respectively, and $4 million and $5 million for the six months ended June 30, 2026 and 2025, respectively, within interest and other expense, net in the condensed consolidated statements of earnings. As of June 30, 2026, the remaining discounted
withdrawal liability was $285 million, with $17 million recorded in other current liabilities and $268 million recorded in other liabilities in the condensed consolidated balance sheets.

Postretirement and Postemployment Benefit Plans
Net periodic postretirement benefit was $5 million and $3 million for the three months ended June 30, 2026 and 2025, respectively, and $10 million and $6 million for the six months ended June 30, 2026 and 2025, respectively. Net periodic postemployment cost was $4 million and $6 million for the three months ended June 30, 2026 and 2025, respectively, and $8 million and $11 million for the six months ended June 30, 2026 and 2025, respectively.