Course StructureWHAT ARE THE REQUIRED RESOURCES AND CAPABILI.docx

Course Structure
WHAT ARE THE REQUIRED RESOURCES AND
CAPABILITIES? Core resources & competencies Core
resources and capabilities configuration Reinforcing internal
alignments Complementors WHAT ARE OUR GUIDING
PRINCIPLES? Purpose Vision Culture WHERE DO WE
PLAY? Industry structure Segments Key success factors
Rivalry WHEN WILL WE CHANGE? Uncertainty
Sustainability HOW CAN WE WIN? Unique customer value
Distinctive value chain Competitive advantage Strategic fits
Strategic Positions S National Environments Prior &Current
Performance Global Mindset Supporting Structure & Systems
The diagram above describes the five basic questions of
competitive strategy. We can rearrange the diagram above to
show a process of competitive strategy development.
Distinctive Value Chain Uncertainty/ Sustainability The Value
of the Firm Unique Customer Value Strategic Position
Strategic Fit Mission Statements: Purpose, Vision & Culture
Prior &Current Performance National Environments Global
Mindset Execution: Structure, Systems, process & people
The diagram above describes competitive strategy as a
distinctive set of choices to create sustainable superior customer
value. In this course we will also discuss the corporate level
strategic management. The following diagram is a model that
summarizes the role of a corporate or chief strategist.
Objectives and Assessment
1. Explain types, concepts, and tools of strategy, and strategic

management process (What strategy is?). Assessment method:
Test 1.
2. Apply the concepts, theories, and framework learned (How to
craft and evaluate it). Assessment method: Test 1.
3. Understand the source and outcome of strategy: sustainable
competitive advantage and shareholder value creation.
4. Explain the impact of international environments on business
competitiveness. Assessment method: Question 2d test 1. It will
be used to assess one of the items used to measure MBA
Program Learning Outcomes # 2b: evaluate business problems
in a global context and explain the impact on business
decisions. Demonstrate analytical and critical thinking.
Assessment method: Test 1
5. Analyze and formulate solutions to integrative problems.
Assessment method: Test 1. It will be used to assess MBA
Program Learning Outcomes # 4b: Explain and defend solutions
to business problems.”
TEST# 1: COMPETITIVE STRATEGY (Assignment Due Date:
1/28/2015)
Assume that you are a strategy consultant hired by a firm to
conduct a competitive (business) strategy analysis for the firm.
Firm/Organization chosen to Assess for this Assignment:
Mondelēz International
QUESTIONS
Purpose and Current performance
1. Please discuss the purpose and financial performance of the
firm.
a. Please discuss the purpose of the firm (20 points).
b. Please calculate and draw a multiple-year ROCE graph for
the firm. Please discuss what the numbers mean to you as a
manager (e.g. good, bad, or neutral; and why). (20 points)

c. Please calculate and draw a multiple-year EVA graph for the
firm. Please discuss what the numbers mean to you as a manager
(e.g. good, bad, or neutral; and why). (20 points)
d. Please calculate and draw a multiple-year FCF graph for the
firm. Please discuss what the numbers mean to you as a manager
(e.g. good, bad, or neutral; and why). (20 points)
External Analysis
a. Provide evidence of the industry attractiveness. Calculate (or
simply assume) the average ROCE of the industry. Compare that
number to your firm’s ROCE and discuss what the difference
suggests. (20 points)
b. Summarize the industry six forces and their elements. What
is your conclusion about the industry competition and
profitability? Identify the key success factors of the industry.
(20 points)
c. What is the value proposition of the firm? Have you observed
any strategic position/s (segments, channels etc.) for the firm?
(20 points)
d. Please discuss one possible impact of the globalization on
one or more the competitive forces and industry key success
factors. (20 points)
Internal Analysis
a. Provide evidence of the firm’s competitive dis/advantage.
Regardless of whether your firm’s ROCE is higher or lower than
that of its competitor, disaggregate, compare, and assess the two
firms’ competitive advantages/ disadvantages. Please state the
firm’s competitive advantages and disadvantages. Competitive
advantages are the better ratios of the comparison. (20 points)

b. Please analyze the sources of the firm’s competitive
advantage/s. Use a diagram to describe the firm’s value chain.
What are the firm’s core competencies (i.e. those where the
firm’s competitive advantages (better ratios) lie? In which of
the firm’s functions does the firm’s competitive disadvantage/s
lie (i.e. what functions that contribute to the worse ratios in
question 3)? (20 points)
c. Source of competitive advantage is commonly a configuration
of core resources and capabilities. Please propose a hypothesis
on HOW the core competencies and their interactions create the
firm’s competitive advantages. The followings can help: You
can utilize sources of cost and differentiation advantage. You
can also draw a map that relates (use arrows) principal
capabilities to competitive advantages. examples of
organizational capabilities. This is very important exercise
because basically strategy is about the exploitation of core
competences. (40 points)
d. Please draw a table to examine the sustainability of the firm’s
core competences in creating the competitive advantages for the
firm? You can use Barney’s sustainability framework (valuable,
rare, non-imitability, and non-substitutability). Read Barney, J.
(1991). Firm Resources and Sustained Competitive Advantage.
Journal of Management, 17(1), 99. Please pick any of the core
competences and explain why or how it will or will not be able
to sustainably create competitive advantage/s for the firm. (10
points)
Strategy
Describe your strategy here.
Supported by the core competencies
Core competence 1:
Explain how the core competence supports the strategy above

Core Competence 2:
Core Competence 3:
Addresses the future Key Success factors
KSF 1:
KSF2:
KSF3:
Addresses the future Six forces
Threat of entry:
Explain how the strategy reduces the five forces
Threat of Substitute:
Rivalry:
Supplier Power:
Buyer power:
Complementor:
Note: Please use the strategy development process below to
guide your strategic decision making:

Distinctive Value Chain Uncertainty/ Sustainability The Value
of the Firm Unique Customer Value Strategic Position
Strategic Fit Mission Statements: Purpose, Vision & Culture
Prior &Current Performance National Environments Global
Mindset Execution: Structure, Systems, process & people
Course Materials
· Grant, R. M. Contemporary Strategy Analysis: Text and Cases,
8th ed., John Wiley & Sons, 2013.
· Lafley and Martin. Playing to Win: How Strategy Really
Works, Harvard Business School Publishing.
Please Site all References
http://www.mondelezinternational.com/investors/stock-
information/spin-off-information
http://www.mondelezinternational.com/about-us
Visionary & Performance Leader
Business Developer
Synergist
Value of the Firm
Portfolio Architect

Mission Statements: Purpose, Vision & Culture
Prior &Current Performances
Global & Domestic Changes
Organizational Changes
Collaborator
1
TABLE1Created by EDGAR Online, Inc.MONDELEZ
INTERNATIONAL, INC.TABLE1Form Type: 10-KPeriod End:
Dec 31, 2013Date Filed: Mar 03, 2014Mondel?z International,
Inc.(Exact name of registrant as specified in its
charter)Virginia52-2284372(State or other jurisdiction of(I.R.S.
Employerincorporation or organization)Identification No.)Three
Parkway North, Deerfield, Illinois60015(Address of principal
executive offices)(Zip Code)

Dec 31, 2013Date Filed: Mar 03, 2014Securities registered
pursuant to Section 12(b) of the Act:Titleof each className of
each exchange on which registeredClass A Common Stock, no
par valueThe NASDAQ Global Select MarketFloating Rate
Notes due 2015New York Stock Exchange LLC1.13%Notes due
2017New York Stock Exchange LLC2.38%Notes due 2021New
York Stock Exchange LLC
Dec 31, 2013Date Filed: Mar 03, 2014ItemMarket for
Registrant's Common Equity, Related
Stockholder5.00Mattersand Issuer Purchases of Equity
Securities18ItemSelected Financial
Data6.0020ItemManagement's Discussion and Analysis of
Financial Condition7.00and Results of Operations:21Summary
of Results and Significant Highlights22Financial
Outlook23Discussion and Analysis of Historical
Results25Critical Accounting Policies44Commodity
Trends50Liquidity and Capital Resources51Equity and
Dividends54Off-Balance Sheet Arrangements and Aggregate
ContractualObligations55Non-GAAP Financial
Measures56ItemQuantitative and Qualitative Disclosures about
Market Risk7A.60ItemFinancial Statements and Supplementary
Data:8.0061Report of Independent Registered Public
Accounting Firm61Consolidated Statements of Earningsfor the
Years Ended December 31, 2013, 2012 and 201162Consolidated
Statements of Comprehensive Earningsfor the Years Ended
December 31, 2013, 2012 and 201163Consolidated Balance
Sheets as of December 31, 2013 and 201264Consolidated
Statements of Equityfor the Years Ended December 31, 2013,
2012 and 201165Consolidated Statements of Cash Flowsfor the
Years Ended December 31, 2013, 2012 and 201166Notes to
Consolidated Financial Statements67ItemChanges in and
Disagreements with Accountants on Accounting9.00and
Financial Disclosure112ItemControls and

Procedures9A.112ItemOther Information9B.113PartIII -
ItemDirectors, Executive Officers and Corporate
Governance10.00114ItemExecutive
Compensation11.00114ItemSecurity Ownership of Certain
Beneficial Owners and Management12.00and Related
Stockholder Matters114ItemCertain Relationships and Related
Transactions, and Director13.00Independence114ItemPrincipal
Accountant Fees and Services14.00114PartIV -ItemExhibits and
Financial Statement Schedules15.00115Signatures119Report of
Independent Registered Public Accounting Firm onFinancial
Statement ScheduleS-1Valuation and Qualifying AccountsS-2
Dec 31, 2013Date Filed: Mar 03, 2014For the Years Ended
December 31,201320122011Latin
America14.10%17.20%17.90%Asia
Pacific12.60%14.70%16.10%EEMEA9.40%11.30%10.20%Euro
pe42.00%39.40%37.30%North
America21.90%17.40%18.50%Total Segment Operating
Income100.00%100.00%100.00%
Dec 31, 2013Date Filed: Mar 03, 2014Percentage of 2013 Net
Revenues by Consumer SectorGum &Cheese
&SegmentBiscuitsChocolateCandyBeveragesGroceryTotalLatin
America3.60%3.20%3.90%2.60%1.90%15.20%Asia
Pacific3.70%4.60%2.40%1.30%2.00%14.00%EEMEA1.90%3.30
%1.90%3.20%0.80%11.10%Europe8.50%15.30%2.70%9.50%3.
90%39.90%North America15.30%0.90%3.40%-
00.20%19.80%Consumer SectorPercentage
Total33.00%27.30%14.30%16.60%8.80%100.00%
December 31,201320122011Biscuits (cookies and
crackers)28%27%26%Chocolate27%27%27%Gum &

Candy14%15%16%Coffee11%11%12%
NAME_AND_TITLECreated by EDGAR Online,
Inc.MONDELEZ INTERNATIONAL,
INC.NAME_AND_TITLEForm Type: 10-KPeriod End: Dec 31,
2013Date Filed: Mar 03, 2014Executive Officers of the
RegistrantThe following are our executive officers as of March
3, 2014:NameAgeTitleIrene B. Rosenfeld60Chairman and Chief
Executive OfficerDavid A. Brearton53Executive Vice President
and Chief Financial OfficerGustavo H. AbelendaExecutive Vice
President and President, Latin53AmericaTracey
Belcourt47Executive Vice President, StrategyMark A.
ClouseExecutive Vice President and President,
North45AmericaTimothy P. CoferExecutive Vice President and
President, Asia Pacific45and EEMEAJames Kehoe51Senior
Vice President, Operating ExcellenceKaren J. May55Executive
Vice President, Human ResourcesDaniel P. Myers58Executive
Vice President, Integrated Supply ChainGerhard W.
Pleuhs57Executive Vice President and General CounselJean E.
SpenceExecutive Vice President, Research, Development
and56QualityHubert Weber51Executive Vice President and
President, EuropeMary Beth WestExecutive Vice President and
Chief Category and51Marketing Officer
Dec 31, 2013Date Filed: Mar 03, 2014Number ofNumber
ofManufacturingDistributionFacilitiesFacilitiesLatin
America214Asia Pacific3270EEMEA2713Europe7438North
America1795Total171220
Dec 31, 2013Date Filed: Mar 03,
2014Mondel?zPerformanceDateInternationalS&P 500Peer
GroupDecember 31, 2008$ 100.00$ 100.00$
100.00December 31, 2009105.99126.46119.39December 31,
2010127.64145.51134.21December 31,
2011156.49148.59144.39December 31,

2012168.26172.37158.77December 31,
2013237.39228.19189.30
Dec 31, 2013Date Filed: Mar 03, 2014Issuer Purchases of
Equity SecuritiesThe following table shows the stock
repurchase activity for each of the threemonths in the quarter
ended December 31, 2013:Total NumberTotalof
SharesApproximate Dollar ValueNumberAveragePurchased asof
Shares That May Yetof SharesPrice PaidPart of PubliclyBe
Purchased UnderPurchased (1)per ShareAnnounced Program
(2)the Program (2)October 1 - 31, 20135,849,421$
31.885,821,500$ 4,961,235,545November 1 - 30,
20134,820,74333.464,820,1734,799,968,392December 1 - 31,
201344,753,92634.4044,750,0004,960,568,392For the Quarter
EndedDecember 31, 201355,424,09034.0555,391,673
Inc.Selected Financial Data - Five Year
Review(1)20132012201120102009(in millions, except per share
and employee data)Continuing Operations(2)Net revenues$
35,299$ 35,015$ 35,810$ 31,489$ 21,559Earnings from
continuing operations, net of taxes2,3321,6061,764677838Net
earnings attributable to Mondel?z International:Per share,
basic1.300.900.990.380.57Per share,
diluted1.290.880.990.380.56Cash Flow and Financial
Position(3)Net cash provided by operating
activities6,4103,9234,5203,7485,084Capital
expenditures1,6221,6101,7711,6611,330Property, plant and
equipment, net10,24710,01013,81313,79210,693Total
assets72,55775,47793,78595,22866,718Long-term
debt14,48215,57423,09526,85918,024Total Mondel?z
International shareholders'
equity32,37332,27635,27135,85925,896Shares outstanding at
year end1,7051,7781,7681,7481,478Per Share and Other

Data(4)Book value per shares
outstanding18.9918.1519.9520.5117.52Dividends declared per
share(5)0.541.001.161.161.16Common Stock closing price at
year end(6)35.3025.4537.3631.5127.18Number of
employees107,000110,000126,000127,00097,000
Dec 31, 2013Date Filed: Mar 03, 2014Fourth Quarter
EndedNine Months EndedYear EndedDecember 31,
2013October 1, 2012December 31, 2011(in millions)Net
revenues- 0$ 13,768$ 18,555Earnings before income taxes$
2,522$ 2,266$ 2,892Provision for income
taxes9197781,082Earnings from discontinuedoperations, net of
income taxes$ 1,603$ 1,488$ 1,810
Dec 31, 2013Date Filed: Mar 03, 2014Nine Months EndedYear
EndedOctober 1, 2012December 31, 2011(in millions)$
6.00billion note issuance in June 2012$ 70$ - 0$ 3.60billion
notes exchanged in July 2012171226$ 0.40billion debt
transferred in October 20122431Capital leases and other1310$
278$ 267
Dec 31, 2013Date Filed: Mar 03, 2014AssetsCash$
247Receivables1,685Inventories, net2,099Deferred income
taxes338Other current assets168Property, plant and equipment,
net4,211Goodwill11,911Intangible assets, net2,632Prepaid
pension assets16Other assets856$ 24,163LiabilitiesCurrent
portion of long-term debt$6Accounts payable1,798Accrued
marketing463Accrued employment costs190Other current
liabilities751Long-term debt9,965Deferred income
taxes874Accrued pension costs2,026Accrued postretirement
health care costs3,316Other liabilities416$ 19,805Net assets
divested in the Spin-Off$ 4,358

Dec 31, 2013Date Filed: Mar 03, 2014For the Years
EndedDecember 31,20132012$change% change(in millions,
except per share data)Net revenues$ 35,299$ 35,015$
2840.80%Operating income3,9713,6373349.20%Earnings from
continuing operations2,3321,60672645.20%Net earnings
attributable toMondel?z
International3,9153,06784827.60%Diluted earnings per share
fromcontinuing operations attributable toMondel?z
International1.290.880.4146.60%Diluted earnings per share
attributable toMondel?z International2.191.710.4828.10%
Dec 31, 2013Date Filed: Mar 03, 2014Change in net revenues
(by percentage point)Favorable volume/mix3.4ppHigher net
pricing0.5ppTotal change in Organic Net
Revenues(1)3.9%Unfavorable foreign currency(2.4)ppImpact of
divestitures(1.0)ppImpact of acquisition0.2ppImpact of
accounting calendar change0.1ppTotal change in net
revenues0.8%
2014OperatingIncomeChange(in millions)(percentage
point)Operating Income for the Year Ended December 31,
2012$ 3,637Spin-Off Costs44410.6ppIntegration Program
costs1403.0pp2012-2014 Restructuring Program
costs1102.3ppSpin-Off pension expense adjustment
(2)681.7ppAcquisition-related costs1-Net gain on
divestitures(107)(2.5)ppOperating income from
divestitures(79)(1.7)ppAdjusted Operating Income for the Year
Ended December 31, 2012(1)$ 4,214Favorable
volume/mix49511.6ppHigher net pricing1573.7ppHigher input
costs(333)(7.9)ppHigher selling, general and administrative
expenses(246)(5.7)ppGains on sales of property in
2013681.6ppGains on sales of property in

2012(77)(1.8)ppChange in unrealized gains/losses on hedging
activities611.4ppIntangible asset impairment charge in
2012521.3ppImpact from acquisition160.4ppImpact of
accounting calendar changes60.1ppTotal change in Adjusted
Operating Income (constant currency) (1)1994.7%Unfavorable
foreign currency - translation(146)(3.4)ppUnfavorable foreign
currency - Venezuela net monetary assets(54)(1.3)ppTotal
change in Adjusted Operating Income(1)0.0%Adjusted
Operating Income for the Year Ended December 31, 2013 (1)$
4,213Benefit from indemnification
resolution3369.3ppIntegration Program and other integration
costs(220)(5.0)ppSpin-Off Costs(62)(1.5)pp2012-2014
Restructuring Program costs(330)(7.8)ppNet gain on acquisition
and divestitures300.7ppOperating income from
divestitures60.1ppAcquisition-related costs(2)-Operating
Income for the Year Ended December 31, 2013$ 3,9719.2%
Dec 31, 2013Date Filed: Mar 03, 2014Diluted EPSDiluted EPS
Attributable to Mondel?z International for the Year Ended
December 31, 2012$ 1.71Discontinued operations0.83Diluted
EPS Attributable to Mondel?z International from Continuing
Operations for theYear Ended December 31, 20120.88Spin-Off
Costs (2)0.39Integration Program costs0.082012-2014
Restructuring Program costs0.04Spin-Off interest expense
adjustment (3)0.06Spin-Off pension expense adjustment
(4)0.02Net gain on divestitures(0.03)Net earnings from
divestitures(0.03)Adjusted EPS for the Year Ended December
31, 2012 (1)1.41Increase in operations0.04Gains on sales of
property in 20130.03Gains on sales of property in
2012(0.03)Change in unrealized gains / (losses) on hedging
activities0.03Intangible asset impairment charge in
20120.02Lower interest and other expense, net (5)0.03Changes
in shares outstanding- 0Changes in income taxes0.07Adjusted
EPS for the Year Ended December 31, 2013 (constant
currency)(1)1.60Unfavorable foreign currency -

translation(0.06)Unfavorable foreign currency - Venezuela net
monetary assets(0.03)Adjusted EPS for the Year Ended
December 31, 2013 (1)1.51Spin-Off Costs(2)(0.02)2012-2014
Restructuring Program costs(0.14)Integration Program and other
acquisition integration costs(0.10)Loss on debt extinguishment
and related expenses (6)(0.22)Net benefit from indemnification
resolution (7)0.20Net gain on acquisition and
divestitures0.04Residual tax benefit impact due to resolution of
Starbucks arbitration0.02Acquisition-related costs- 0Net
earnings from divestitures- 0Diluted EPS Attributable to
Mondel?z International from Continuing Operations for theYear
Ended December 31, 20131.29Discontinued
operations0.90Diluted EPS Attributable to Mondel?z
International for the Year Ended December 31, 2013$ 2.19
EndedDecember 31,20122011$change% change(in millions,
except per share data)Net revenues$ 35,015$ 35,810$ (795)-
2.20%Operating income3,6373,4981394.00%Earnings from
continuing operations1,6061,764(158)-9.00%Net earnings
attributable toMondel?z International3,0673,554(487)-
13.70%Diluted earnings per share fromcontinuing operations
attributable toMondel?z International0.880.99(0.11)-
11.10%Diluted earnings per share attributable toMondel?z
International1.712.01(0.30)-14.90%
Dec 31, 2013Date Filed: Mar 03, 2014Change in net revenues
(by percentage point)Higher net pricing3.3ppFavorable
volume/mix1.1ppTotal change in Organic Net
Revenues(1)4.4%Unfavorable foreign currency(4.4)ppImpact of
accounting calendar changes (including the 53rd week
ofshipments)(2.0)ppImpact of divestitures(0.2)ppTotal change
in net revenues(2.2)%

2014OperatingIncomeChange(in millions)(percentage
point)Operating Income for the Year Ended December 31,2011$
3,498Integration Program costs52114.7ppSpin-Off pension
expense adjustment (2)912.7ppSpin-Off Costs461.4ppOperating
income from divested businesses(59)(1.5)ppAdjusted Operating
Income for the Year EndedDecember 31, 2011 (1)$
4,097Higher net pricing1,13228.4ppHigher input
costs(598)(15.0)ppFavorable volume/mix1142.8ppHigher
selling, general and administrativeexpenses(293)(7.2)ppImpact
of accounting calendar changes(93)(2.5)ppGain on sale of
property551.3ppIntangible asset impairment
charge(52)(1.3)ppChange in unrealized gains/losses on
hedgingactivities370.9ppOther, net(11)(0.3)ppTotal change in
Adjusted Operating Income(constant currency)
(1)2917.1%Unfavorable foreign currency(153)(3.7)ppTotal
change in Adjusted Operating Income1383.4%Adjusted
Operating Income for the Year EndedDecember 31, 2012 (1)$
4,235Spin-Off Costs(444)(12.3)ppIntegration Program
costs(140)(3.4)pp2012-2014 Restructuring Program
costs(110)(3.0)ppSpin-Off pension expense adjustment
(2)(68)(1.9)ppAcquisition-related costs(1)(0.1)ppNet gain on
divestitures1072.6ppOperating income from divested
businesses581.4ppOperating Income for the Year Ended
December 31,2012$ 3,6374.0%
Dec 31, 2013Date Filed: Mar 03, 2014Diluted EPSDiluted EPS
December 31, 2011$ 2.01Discontinued operations1.02Diluted
EPS Attributable to Mondel?z International from Continuing
Operations for theYear Ended December 31,
20110.99Integration Program costs0.28Spin-Off interest
expense adjustment (2)0.11Spin-Off pension expense
adjustment (3)0.03Spin-Off Costs0.02Net earnings from

divested businesses(0.03)Adjusted EPS for the Year Ended
December 31, 2011 (1)1.40Increases in operations0.16Impact of
accounting calendar changes(0.04)Gain on sale of
property0.02Intangible asset impairment charge(0.02)Change in
unrealized gains/losses on hedging activities0.02Lower interest
and other expense, net (4)0.09Changes in income
taxes(0.15)Higher shares outstanding(0.01)Adjusted EPS for the
Year Ended December 31, 2012 (constant
currency)(1)1.47Unfavorable foreign currency(0.06)Adjusted
EPS for the Year Ended December 31, 2012 (1)1.41Spin-Off
Costs (5)(0.39)Integration Program costs(0.08)2012-2014
Restructuring Program costs(0.04)Spin-Off interest expense
adjustment (2)(0.06)Spin-Off pension expense adjustment
(3)(0.02)Net gain on divestitures0.03Net earnings from divested
businesses0.03Diluted EPS Attributable to Mondel?z
International from Continuing Operations for theYear Ended
December 31, 20120.88Discontinued operations0.83Diluted EPS
December 31, 2012$ 1.71
December 31,201320122011(in millions)Net revenues:Latin
America$ 5,382$ 5,396$ 5,403Asia
Pacific4,9525,1644,864EEMEA3,9153,7353,836Europe14,0591
3,81714,874North America6,9916,9036,833Net revenues$
35,299$ 35,015$ 35,810Earnings from continuing operations
before income taxes:Operating income:Latin America$ 570$
769$ 759Asia
Pacific512657682EEMEA379506433Europe1,6991,7621,586Nor
th America889781787Unrealized gains / (losses) on hedging
activities621(36)General corporate
expenses(287)(728)(488)Amortization of
intangibles(217)(217)(225)Benefit from indemnification
resolution336- 0- 0Net gain on acquisition and
divestitures30107- 0Acquisition-related costs(2)(1)- 0Operating

income3,9713,6373,498Interest and other expense,
net(1,579)(1,863)(1,618)Earnings from continuing operations
before income taxes$ 2,392$ 1,774$ 1,880
Dec 31, 2013Date Filed: Mar 03, 2014Latin AmericaFor the
Years EndedDecember 31,20132012$change% change(in
millions)Net revenues$ 5,382$5,396$ (14)-0.30%Segment
operating income570769(199)-25.90%
EndedDecember 31,20122011$change% change(in millions)Net
revenues$ 5,396$5,403$ (7)-0.10%Segment operating
income769759101.30%
Dec 31, 2013Date Filed: Mar 03, 2014Asia PacificFor the Years
income512657(145)-22.10%For the Years EndedDecember
31,20122011$change% change(in millions)Net revenues$
5,164$4,864$ 3006.20%Segment operating income657682(25)-
3.70%
Dec 31, 2013Date Filed: Mar 03, 2014EEMEAFor the Years
revenues$ 3,915$3,735$ 1804.80%Segment operating
income379506(127)-25.10%
income5064337316.90%

Dec 31, 2013Date Filed: Mar 03, 2014EuropeFor the Years
revenues$ 14,059$ 13,817$ 2421.80%Segment operating
income1,6991,762(63)-3.60%
revenues$ 13,817$ 14,874$ (1,057)-7.10%Segment
operating income1,7621,58617611.10%
Dec 31, 2013Date Filed: Mar 03, 2014North AmericaFor the
Years EndedDecember 31,20132012$change% change(in
millions)Net revenues$ 6,991$6,903$ 881.30%Segment
operating income88978110813.80%
revenues$ 6,903$6,833$ 701.00%Segment operating
income781787(6)-0.80%
Dec 31, 2013Date Filed: Mar 03, 2014201320122011(in
millions)U.S. pension plan cost$ 122$ 168$ 118Non-U.S.
pension plan cost235220180Postretirement health care
cost358466Postemployment benefit plan cost111549Employee
savings plan cost667462Multiemployer pension plan
contributions322827Multiemployer medical plan
contributions181816Net expense for employee benefit plans$
519$ 607$ 518

Dec 31, 2013Date Filed: Mar 03, 2014One-Percentage-
PointIncreaseDecrease(in millions)Effect on postretirement
benefit obligation$ 66$ (53)Effect on annual service and
interest cost$6$ (5)
Dec 31, 2013Date Filed: Mar 03, 2014U.S. PlansNon-U.S.
PlansFifty-Basis-PointFifty-Basis-
PointIncreaseDecreaseIncreaseDecrease(in millions)Effect of
change in discountrate onpension costs$ (16)$ 17$ (36)$
57Effect of change in expectedrate ofreturn on plan assets
onpension costs(4)4(35)35Effect of change in discountrate
onpostretirement health carecosts(3)4(1)1
Dec 31, 2013Date Filed: Mar 03, 2014Aggregate Contractual
Obligations:The following table summarizes our contractual
obligations at December 31, 2013.Payments Due2019
andTotal20142015-162017-18Thereafter(in millions)Debt (1)$
15,511$ 998$ 3,479$ 3,352$ 7,682Interest expense
(2)9,4127191,3541,0956,244Capital leases211- 0- 0Operating
leases (3)886240303207136Purchase obligations: (4)Inventory
and production
costs7,0954,2961,550913336Other1,1981,05211234-
08,2935,3481,662947336Other long-term liabilities
(5)701256194521Total$ 34,805$ 7,331$ 6,860$ 5,695$
14,919
EndedDecember 31,20132012$Change% Change(in
millions)Organic Net Revenues$ 35,938$ 34,600$
1,3383.90%Impact of foreign currency(837)-
0(837)(2.4)ppImpact of divestitures70415(345)(1.0)ppImpact of
acquisition91- 0910.2ppImpact of accounting calendar
changes37- 0370.1ppNet revenues$ 35,299$ 35,015$

2840.80%For the Years EndedDecember 31,20122011$Change%
Change(in millions)Organic Net Revenues$ 36,347$ 34,816$
1,5314.40%Impact of foreign currency(1,576)-
0(1,576)(4.4)ppImpact of accounting calendar changes (1)-
0679(679)(2.0)ppImpact of
divestitures244316(72)(0.2)ppImpact of Integration Program-
0(1)1- 0Net revenues$ 35,015$ 35,810$ (795)-2.20%
EndedDecember 31,20132012$Change% Change(in
millions)Adjusted Operating Income (constant currency)$
4,413$ 4,214$ 1994.7%Impact of unfavorable foreign
currency -translation(146)- 0(146)(3.4)ppImpact of unfavorable
foreign currency -Venezuela net monetary assets(54)-
0(54)(1.3)ppAdjusted Operating Income$ 4,213$ 4,214$
(1)0.0%Spin-Off Costs(62)(444)3829.1ppSpin-Off pension
expense adjustment (1)- 0(68)681.7pp2012-2014 Restructuring
Program(330)(110)(220)(5.5)ppIntegration Program and other
integrationcosts(220)(140)(80)(2.0)ppBenefit from
indemnification resolution336- 03369.3ppNet gain on
acquisition and divestitures30107(77)(1.8)ppAcquisition-related
costs(2)(1)(1)-Operating income from
divestitures679(73)(1.6)ppOperating Income$ 3,971$ 3,637$
3349.2%For the Years EndedDecember 31,20122011$Change%
Change(in millions)Adjusted Operating Income (constant
currency)$ 4,388$ 4,097$ 2917.1%Impact of unfavorable
foreign currency(153)- 0(153)(3.7)ppAdjusted Operating
Income$ 4,235$ 4,097$ 1383.4%Integration
Program(140)(521)38111.3ppNet gain on divestitures107-
01072.6ppSpin-Off pension expense adjustment
(1)(68)(91)230.8ppSpin-Off Costs(444)(46)(398)(10.9)pp2012-
2014 Restructuring Program(110)- 0(110)(3.0)ppOperating
income from divestitures5859(1)(0.1)ppAcquisition-related
costs(1)- 0(1)(0.1)ppOperating Income$ 3,637$ 3,498$
1394.0%

EndedDecember 31,20132012$Change% ChangeAdjusted EPS
(constant currency)$ 1.60$ 1.41$ 0.1913.50%Impact of
unfavorable foreign currency -translation(0.06)- 0(0.06)Impact
of unfavorable foreign currency - Venezuelanet monetary
assets(0.03)- 0(0.03)Adjusted EPS$ 1.51$ 1.41$
0.107.10%Spin-Off Costs(0.02)(0.39)0.37Spin-Off pension
expense adjustment (1)- 0(0.02)0.02Spin-Off interest expense
adjustment (2)- 0(0.06)0.062012-2014 Restructuring
Program(0.14)(0.04)(0.10)Integration Program and other
integration costs(0.10)(0.08)(0.02)Net benefit from
indemnification resolution0.20- 00.20Residual tax benefit
associated withStarbucks arbitration resolution0.02- 00.02Loss
on debt extinguishment and related expenses(0.22)- 0(0.22)Net
gain on acquisition and divestitures0.040.030.01Acquisition-
related costs- 0- 0- 0Net earnings from divestitures-
00.03(0.03)Diluted EPS attributable to Mondel?z
Internationalfrom continuing operations$ 1.29$ 0.88$
0.4146.60%Discontinued operations0.900.830.07Diluted EPS
attributable to Mondel?z International$ 2.19$ 1.71$
0.4828.10%For the Years EndedDecember
31,20122011$Change% ChangeAdjusted EPS (constant
currency)$ 1.47$ 1.40$ 0.075.00%Impact of unfavorable
foreign currency(0.06)- 0(0.06)Adjusted EPS$ 1.41$ 1.40$
0.010.70%Spin-Off Costs(0.39)(0.02)(0.37)Spin-Off pension
expense adjustment (1)(0.02)(0.03)0.01Spin-Off interest
expense adjustment (2)(0.06)(0.11)0.052012-2014 Restructuring
Program(0.04)- 0(0.04)Integration Program(0.08)(0.28)0.20Net
gain on divestitures0.03- 00.03Net earnings from
divestitures0.030.03- 0Diluted EPS attributable to Mondel?z
Internationalfrom continuing operations$ 0.88$ 0.99$
(0.11)-11.10%Discontinued operations0.831.02(0.19)Diluted
EPS attributable to Mondel?z International$ 1.71$ 2.01$
(0.30)-14.90%

Dec 31, 2013Date Filed: Mar 03, 2014Pre-Tax Earnings
ImpactFair Value ImpactAt 12/31/13AverageHighLowAt
12/31/13AverageHighLow(in millions)Instruments sensitive
to:Interest rates$ 44$ 70$ 112$ 44Foreign currency rates$
28$ 19$ 28$ 13Commodity prices25182514Pre-Tax
Earnings ImpactFair Value ImpactAt
12/31/12AverageHighLowAt 12/31/12AverageHighLow(in
millions)Instruments sensitive to:Interest rates$ 80$ 133$
172$ 80Foreign currency rates$ 10$ 17$ 24$
10Commodity prices19446019
INCOME_STATEMENTCreated by EDGAR Online,
INC.INCOME_STATEMENTForm Type: 10-KPeriod End: Dec
31, 2013Date Filed: Mar 03, 2014Mondel?z International, Inc.
and SubsidiariesConsolidated Statements of EarningsFor the
Years Ended December 31(in millions of U.S. dollars, except
per share data)201320122011Net revenues$ 35,299$ 35,015$
35,810Cost of sales22,18921,93922,710Gross
profit13,11013,07613,100Selling, general and
administrativeexpenses8,6799,1769,382Asset impairment and
exit costs273153(5)Gains on acquisition and divestitures,
net(30)(107)- 0Amortization of intangibles217217225Operating
net1,5791,8631,618Earnings from continuing operations
beforeincome taxes2,3921,7741,880Provision for income
taxes60168116Earnings from continuing
operations2,3321,6061,764Earnings from discontinued
operations, netof income taxes1,6031,4881,810Net
earnings3,9353,0943,574Noncontrolling interest202720Net
earnings attributable to Mondel?zInternational$ 3,915$
3,067$ 3,554Per share data:Basic earnings per share
attributable toMondel?z International:Continuing operations$
1.30$ 0.90$ 0.99Discontinued operations0.910.831.02Net
earnings attributable to Mondel?zInternational$ 2.21$ 1.73$

2.01Diluted earnings per share attributable toMondel?z
International:Continuing operations$ 1.29$ 0.88$
0.99Discontinued operations0.900.831.02Net earnings
attributable to Mondel?zInternational$ 2.19$ 1.71$
2.01Dividends declared$ 0.54$ 1.00$ 1.16
Inc. and SubsidiariesConsolidated Statements of Comprehensive
EarningsFor the Years Ended December 31(in millions of U.S.
dollars)201320122011Net earnings$ 3,935$ 3,094$
3,574Other comprehensive earnings / (losses):Currency
translation adjustment:Translation
adjustment(1,080)759(1,245)Tax (expense) /
benefit3639(45)Pension and other benefits:Net actuarial gain /
(loss) arising duringperiod713(2,266)(2,333)Reclassification of
(gains) / losses into netearnings:Amortization of experience
losses andprior service costs193414361Settlement
losses4135113Tax (expense) / benefit(244)486768Derivatives
accounted for as hedges:Net derivative (losses) /
gains169(412)(709)Reclassification of (gains) / losses into
netearnings7260293Tax (expense) / benefit(86)(87)240Total
other comprehensive earnings /
(losses)(223)(330)(2,757)Comprehensive earnings /
(losses)3,7122,764817less: Comprehensive earnings /
(losses)attributable to noncontrolling
interests203310Comprehensive earnings / (losses)attributable to
Mondel?z International$ 3,692$ 2,731$ 807
BALANCE_SHEETCreated by EDGAR Online,
INC.BALANCE_SHEETForm Type: 10-KPeriod End: Dec 31,
2013Date Filed: Mar 03, 2014Mondel?z International, Inc. and
SubsidiariesConsolidated Balance Sheets, as of December 31(in
millions of U.S. dollars, except share
data)20132012ASSETSCash and cash equivalents$ 2,664$
4,475Receivables (net of allowances of $86 in 2013 and$118 in

2012)5,4036,129Inventories, net3,7433,741Deferred income
taxes517593Other current assets889735Total current
assets13,21615,673Property, plant and equipment,
net10,24710,010Goodwill25,59725,740Intangible assets,
net21,99422,552Prepaid pension assets5418Other
assets1,4491,484TOTAL ASSETS$ 72,557$ 75,477
Dec 31, 2013Date Filed: Mar 03, 2014LIABILITIESShort-term
borrowings$ 1,636$ 274Current portion of long-term
debt1,0033,577Accounts payable5,3454,642Accrued
marketing2,3182,484Accrued employment costs1,0431,038Other
current liabilities3,0512,855Total current
liabilities14,39614,870Long-term debt14,48215,574Deferred
income taxes6,2826,235Accrued pension
costs1,9622,885Accrued postretirement health care
costs412451Other liabilities2,4913,046TOTAL
LIABILITIES40,02543,061Commitments and Contingencies
(Note 12)EQUITYCommon Stock, no par value (1,996,537,778
sharesissued as of December 31, 2013 and 2012)- 0-
0Additional paid-in capital31,39631,548Retained
earnings13,41910,551Accumulated other comprehensive
losses(2,889)(2,666)Treasury stock, at cost (291,141,184 shares
atDecember 31, 2013 and 218,541,936 shares atDecember 31,
2012)(9,553)(7,157)Total Mondel?z International Shareholders'
Equity32,37332,276Noncontrolling interest159140TOTAL
EQUITY32,53232,416TOTAL LIABILITIES AND EQUITY$
72,557$ 75,477
STOCKHOLDERS_EQUITYCreated by EDGAR Online,
INC.STOCKHOLDERS_EQUITYForm Type: 10-KPeriod End:
Inc. and SubsidiariesConsolidated Statements of Equity(in
millions of U.S. dollars, except per share data)Mondel?z
International Shareholders'
EquityAccumulatedOtherAdditionalComprehensiveCommonPaid

-
inRetainedEarnings/TreasuryNoncontrollingTotalStockCapitalE
arnings(Losses)StockInterestEquityBalances at January 1,
2011$ - 0$ 31,231$ 16,647$ (3,893)$ (8,126)$ 108$
35,967Comprehensive earnings / (losses):Net earnings- 0-
03,554- 0- 0203,574Other comprehensive losses, net of
incometaxes- 0- 0- 0(2,747)- 0(10)(2,757)Exercise of stock
options and issuance ofother stock awards- 0100(86)- 0650-
0664Cash dividends declared ($1.16 per share)- 0- 0(2,048)- 0-
0- 0(2,048)Dividends paid on noncontrolling interestand other
activities- 0(13)- 02- 0(7)(18)Balances at December 31, 2011$
- 0$ 31,318$ 18,067$ (6,638)$ (7,476)$ 111$
35,382Comprehensive earnings / (losses):Net earnings- 0-
03,067- 0- 0273,094Other comprehensive earnings / (losses),net
of income taxes- 0- 0- 0(336)- 06(330)Exercise of stock options
and issuance ofother stock awards- 0141(53)- 0319- 0407Cash
dividends declared ($1.00 per share)- 0- 0(1,775)- 0- 0-
0(1,775)Spin-Off of Kraft Foods Group,
Inc.89(8,755)4,308(4,358)Dividends paid on noncontrolling
interestand other activities- 0- 0- 0- 0- 0(4)(4)Balances at
December 31, 2012$ - 0$ 31,548$ 10,551$ (2,666)$
(7,157)$ 140$ 32,416Comprehensive earnings / (losses):Net
earnings- 0- 03,915- 0- 0203,935Other comprehensive losses,
net of incometaxes- 0- 0- 0(223)- 0- 0(223)Exercise of stock
options and issuance ofother stock awards- 010(97)- 0343-
0256Common Stock repurchased- 0(161)- 0-
0(2,739)(2,900)Cash dividends declared ($0.54 per share)- 0-
0(950)- 0- 0- 0(950)Dividends paid on noncontrolling
interestand other activities- 0(1)- 0- 0- 0(1)(2)Balances at
December 31, 2013$ - 0$ 31,396$ 13,419$ (2,889)$
(9,553)$ 159$ 32,532
CASH_FLOWCreated by EDGAR Online, Inc.MONDELEZ
INTERNATIONAL, INC.CASH_FLOWForm Type: 10-KPeriod
End: Dec 31, 2013Date Filed: Mar 03, 2014Mondel?z
International, Inc. and SubsidiariesConsolidated Statements of
Cash FlowsFor the Years Ended December 31(in millions of

U.S. dollars)201320122011CASH PROVIDED BY / (USED IN)
OPERATINGACTIVITIESNet earnings$ 3,935$ 3,094$
3,574Adjustments to reconcile net earnings tooperating cash
flows:Depreciation and amortization1,0771,3451,485Stock-
based compensation expense128162181Deferred income tax
(benefit) / provision(64)369(351)Net gain on acquisition and
divestitures(30)(107)- 0Asset impairments97126- 0Benefit from
indemnification resolution(385)- 0- 0Loss on extinguishment of
debt608- 0- 0Other non-cash items, net(19)4482Change in
assets and liabilities, net ofacquisitions and
divestitures:Receivables, net492(599)(115)Inventories,
net(116)(129)(556)Accounts payable793505300Other current
assets(42)217(374)Other current liabilities62(1,160)648Change
in pension and postretirement assetsand liabilities,
net(126)56(354)Net cash provided by operating
activities6,4103,9234,520
Dec 31, 2013Date Filed: Mar 03, 2014CASH PROVIDED BY /
(USED IN) INVESTINGACTIVITIESCapital
expenditures(1,622)(1,610)(1,771)Acquisitions, net of cash
received(119)- 0- 0Proceeds from divestitures, net
ofdisbursements60200- 0Cash received from / (transferred to)
KraftFoods Group related to the Spin-Off55(410)- 0Proceeds
from sale of property, plant andequipment and
other14313343Net cash used in investing
activities(1,483)(1,687)(1,728)
Dec 31, 2013Date Filed: Mar 03, 2014CASH PROVIDED BY /
(USED IN) FINANCINGACTIVITIESIssuances of commercial
paper, maturitiesgreater than 90
days1,3291,5791,125Repayments of commercial paper,
maturitiesgreater than 90 days(607)(1,581)(1,228)Net issuance /
(repayments) of othershort-term borrowings,
net65595(462)Long-term debt proceeds3,2486,77536Long-term

debt repaid(7,559)(4,495)(1,114)Repurchase of Common
Stock(2,900)- 0- 0Dividends
paid(943)(2,058)(2,043)Other132(111)511Net cash (used in) /
provided by financingactivities(6,645)204(3,175)Effect of
exchange rate changes on cash andcash
equivalents(93)61(124)Cash and cash equivalents:Increase /
(decrease)(1,811)2,501(507)Balance at beginning of
period4,4751,9742,481Balance at end of period$ 2,664$
4,475$ 1,974Cash paid:Interest$ 1,124$ 2,406$
2,031Income taxes$ 760$ 1,057$ 932
INCOME_STATEMENT2Created by EDGAR Online,
INC.INCOME_STATEMENT2Form Type: 10-KPeriod End: Dec
31, 2013Date Filed: Mar 03, 2014Consolidated Statement of
EarningsFor the Years Ended December
31,20122011ReportedCorrectionRevisedReportedCorrectionRev
ised(in millions, except per share data)Provision for income
taxes207(39)168143(27)116Earnings from
continuingoperations1,567391,6061,737271,764Net
earnings3,055393,0943,547273,574Net earnings attributable
toMondel?z International3,028393,0673,527273,554Net
earnings attributable toMondel?z International:Per share,
basic(continuing operations)$ 0.87$ 0.03$ 0.90$ 0.97$
0.02$ 0.99Per share, diluted(continuing operations)$ 0.86$
0.02$ 0.88$ 0.97$ 0.02$ 0.99Net earnings attributable
toMondel?z International:Per share, basic$ 1.70$ 0.03$
1.73$ 2.00$ 0.01$ 2.01Per share, diluted$ 1.69$ 0.02$
1.71$ 1.99$ 0.02$ 2.01
Dec 31, 2013Date Filed: Mar 03, 2014Consolidated Statement
of Comprehensive EarningsFor the Years Ended December
ised(in millions)Net
earnings3,055393,0943,547273,574Translation
adjustment791(32)759(1,245)- 0(1,245)Total other

comprehensive losses(298)(32)(330)(2,757)-
0(2,757)Comprehensive
earnings2,75772,76479027817Comprehensive earnings
attributable toMondel?z International2,72472,73178027807
BALANCE_SHEET2Created by EDGAR Online,
INC.BALANCE_SHEET2Form Type: 10-KPeriod End: Dec 31,
2013Date Filed: Mar 03, 2014Consolidated Balance SheetAs of
December 31,2012ReportedCorrectionRevised(in
millions)Current deferred income taxes54251593Total current
assets15,6225115,673Goodwill25,801(61)25,740Other
assets1,47591,484Total Assets75,478(1)75,477Other current
liabilities2,858(3)2,855Total current
liabilities14,873(3)14,870Non-current deferred income
taxes6,302(67)6,235Other liabilities3,03883,046Total
Liabilities43,123(62)43,061Retained
earnings10,4579410,551Accumulated other comprehensive
losses(2,633)(33)(2,666)Total Mondel?z International
Shareholders' Equity32,2156132,276
CASH_FLOW2Created by EDGAR Online, Inc.MONDELEZ
INTERNATIONAL, INC.CASH_FLOW2Form Type: 10-KPeriod
End: Dec 31, 2013Date Filed: Mar 03, 2014Consolidated
Statements of Cash FlowsFor the Years Ended December
ised(in millions)Net
earnings3,055393,0943,547273,574Deferred income tax(benefit)
/ provision410(41)369(351)- 0(351)Other non-cash
expense,net48(4)4481182Change in other
currentliabilities(1,166)6(1,160)676(28)648Net cash provided
byoperating activities3,923- 03,9234,520- 04,520
Dec 31, 2013Date Filed: Mar 03, 2014Fourth Quarter
EndedNine Months EndedYear EndedDecember 31,
2013October 1, 2012December 31, 2011(in millions)Net
revenues- 0$ 13,768$ 18,555Earnings before income taxes$

2,522$ 2,266$ 2,892Provision for income
taxes9197781,082Earnings from discontinued operations, net of
income taxes$ 1,603$ 1,488$ 1,810
Dec 31, 2013Date Filed: Mar 03, 2014Nine Months EndedYear
EndedOctober 1, 2012December 31, 2011(in millions)$
6.00billion note issuance in June 2012$ 70$ - 0$ 3.60billion
notes exchanged in July 2012171226$ 0.40billion debt
transferred in October 20122431Capital leases and other1310$
278$ 267
Dec 31, 2013Date Filed: Mar 03, 2014AssetsCash$
247Receivables1,685Inventories, net2,099Deferred income
taxes338Other current assets168Property, plant and equipment,
net4,211Goodwill11,911Intangible assets, net2,632Prepaid
pension assets16Other assets856$ 24,163LiabilitiesCurrent
portion of long-term debt$6Accounts payable1,798Accrued
marketing463Accrued employment costs190Other current
liabilities751Long-term debt9,965Deferred income
taxes874Accrued pension costs2,026Accrued postretirement
health care costs3,316Other liabilities416$ 19,805Net assets
divested in the Spin-Off$ 4,358
EndedDecember 31,201320122011(in millions)Selling, general
and administrative expenses$ 62$ 444$ 46Interest and other
expense, net- 0609- 0Spin-Off Costs$ 62$ 1,053$ 46
Dec 31, 2013Date Filed: Mar 03, 2014Note 3.
InventoriesInventories at December 31, 2013 and 2012
were:20132012(in millions)Raw materials$ 1,165$
1,213Finished product2,5782,528Inventories, net$ 3,743$

3,741
Dec 31, 2013Date Filed: Mar 03, 2014Note 4. Property, Plant
and EquipmentProperty, plant and equipment at December 31,
2013 and 2012 were:20132012(in millions)Land and land
improvements$ 617$ 643Buildings and building
improvements3,2703,199Machinery and
equipment12,35111,992Construction in
progress1,3761,02217,61416,856Accumulated
depreciation(7,367)(6,846)Property, plant and equipment, net$
10,247$ 10,010
Dec 31, 2013Date Filed: Mar 03, 2014Note 5. Goodwill and
Intangible AssetsAt December 31, 2013 and 2012, goodwill by
reportable segment, revised toreflect our new segment structure,
was:20132012(in millions)Latin America$ 1,262$ 1,381Asia
Pacific2,5042,729EEMEA2,7642,763Europe10,0269,767North
America9,0419,100Goodwill$ 25,597$ 25,740
millions)Non-amortizable intangible assets$ 20,067$
20,408Amortizable intangible
assets2,8522,86122,91923,269Accumulated
amortization(925)(717)Intangible assets, net$ 21,994$ 22,552
201420132012IntangibleIntangibleGoodwillAssets, at
costGoodwillAssets, at cost(in millions)Balance at January 1$
25,740$ 23,269$ 37,234$ 25,712Changes due to:Foreign
currency(336)(390)438262Divestitures(13)(7)(11,932)(2,669)As
set impairments- 0- 0- 0(52)Acquisitions20948- 014Other(3)(1)-
02Balance at December 31$ 25,597$ 22,919$ 25,740$

23,269
Dec 31, 2013Date Filed: Mar 03, 2014Severanceand
relatedAssetcostsWrite-downsTotal(in millions)Liability
balance, January 1, 2012$ - 0$ - 0$ - 0Charges8418102Cash
spent(33)- 0(33)Non-cash settlements(15)(18)(33)Liability
balance, December 31, 2012$ 36$ - 0$
36Charges17691267Cash spent(108)- 0(108)Non-cash
settlements(36)(91)(127)Liability balance, December 31, 2013$
68$ - 0$ 68
Dec 31, 2013Date Filed: Mar 03, 2014Restructuring and
Implementation Costs by Segment:During 2013 and 2012, we
recorded restructuring and implementation costs
withinoperating income as follows:For the Year Ended
December 31, 2013For the Year Ended December 31,
2012RestructuringImplementationRestructuringImplementation
CostsCostsTotalCostsCostsTotal(in millions)(in millions)Latin
America$ 21$ - 0$ 21$7$ - 0$7Asia Pacific2- 02- 0- 0-
0EEMEA12214- 0- 0- 0Europe95361316- 06North
America1352516089897Corporate2- 02- 0- 0- 0Total$ 267$
63$ 330$ 102$8$ 110
millions)Balance at January 1$ 202$ 346Charges216140Cash
spent(255)(281)Currency / other(18)(3)Balance at December
31$ 145$ 202
Dec 31, 2013Date Filed: Mar 03, 2014Note 8. Debt and
Borrowing ArrangementsShort-Term Borrowings:At December
31, 2013 and 2012, our short-term borrowings and
relatedweighted-average interest rates consisted

of:20132012AmountWeighted-AmountWeighted-
OutstandingAverage RateOutstandingAverage Rate(in
millions)(in millions)Commercial paper$ 1,4100.40%$ - 0-
0Bank loans2267.00%2747.20%Total short-term borrowings$
1,636$ 274
Dec 31, 2013Date Filed: Mar 03, 2014Long-Term Debt:At
December 31, 2013 and 2012, our long-term debt consisted of
(interest rateswere as of December 31, 2013):20132012(in
millions)U.S. dollar notes, 4.125% to 7.00% (average
effectiverate 6.08%),due through 2040$ 9,907$ 16,887Euro
notes, 0.72% to 6.25% (average effective rate3.04%),due
through 20214,4481,119Pound sterling notes, 5.375% to 7.25%
(averageeffective rate 4.94%),due through 20181,1161,109Other
foreign currency obligations1232Capital leases and
other24Total15,48519,151Less current portion of long-term
debt(1,003)(3,577)Long-term debt$ 14,482$ 15,574
Dec 31, 2013Date Filed: Mar 03, 2014Interest and Other
Expense, Net:Interest and other expense, net within our results
of continuing operationsconsisted of:For the Years Ended
December 31,201320122011(in millions)Interest expense, debt$
1,017$ 1,177$ 1,383Loss on debt extinguishment and
relatedexpenses$ 612$ - 0$ - 0Spin-Off-related financing
fees- 0609- 0Other expense / (income), net(50)77235Total
interest and other expense, net$ 1,579$ 1,863$ 1,618
Dec 31, 2013Date Filed: Mar 03, 2014Note 9. Financial
InstrumentsFair Value of Derivative Instruments:Derivative
instruments were recorded at fair value in the consolidated
balancesheets as of December 31, 2013 and 2012 as
follows:20132012DerivativeDerivativeDerivativeDerivativeAss
etsLiabilitiesAssetsLiabilities(in millions)Derivatives

designated ashedging instruments:Foreign exchange
contracts$3$ 11$6$ 10Commodity contracts23334Interest
rate contracts209- 016- 0$ 214$ 14$ 25$ 44Derivatives not
designated ashedging instruments:Foreign exchange contracts$
84$8$ 16$ 33Commodity contracts6051106103Interest rate
contracts64389361$ 208$ 97$ 215$ 197Total fair value$
422$ 111$ 240$ 241
Dec 31, 2013Date Filed: Mar 03, 2014Quoted Prices inActive
MarketsSignificantSignificantTotalfor IdenticalOther
ObservableUnobservableFair Value of
NetAssetsInputsInputsAsset / (Liability)(Level 1)(Level
2)(Level 3)(in millions)Foreign exchange contracts$ 68$ - 0$
68$ - 0Commodity contracts8(4)12- 0Interest rate
contracts235- 0235- 0Total derivatives$ 311$ (4)$ 315$ -
0
Dec 31, 2013Date Filed: Mar 03, 2014Quoted Prices inActive
MarketsSignificantSignificantTotalfor IdenticalOther
ObservableUnobservableFair Value of
NetAssetsInputsInputsAsset / (Liability)(Level 1)(Level
2)(Level 3)(in millions)Foreign exchange contracts$ (21)$ -
0$ (21)$ - 0Commodity contracts(28)(53)25- 0Interest rate
contracts48- 048- 0Total derivatives$ (1)$ (53)$ 52$ - 0
Dec 31, 2013Date Filed: Mar 03, 2014Derivative Volume:The
net notional values of our derivative instruments as of
December 31, 2013and 2012 were:Notional Amount20132012(in
millions)Foreign exchange contracts:Intercompany loans and
forecasted interest payments$ 4,369$ 3,743Forecasted
transactions2,5651,663Commodity contracts805620Interest rate
contracts2,2732,259Net investment hedge - euro
notes4,4661,121Net investment hedge - pound sterling

notes1,0761,057
Dec 31, 2013Date Filed: Mar 03, 2014Cash Flow Hedges:Cash
flow hedge activity, net of taxes, within accumulated other
comprehensiveearnings / (losses) included:201320122011(in
millions)Accumulated gain / (loss) at January 1$ (38)$
(297)$ 79Transfer of realized (gains) / lossesin fair value to
earnings53312118Unrealized gain / (loss) in fair
value102(75)(444)Discontinued operations- 0(134)(50)Impact
of Spin-Off- 0156- 0Accumulated gain / (loss) at December 31$
117$ (38)$ (297)
millions)Foreign exchange contracts -intercompany loans$ - 0$
- 0$2Foreign exchange contracts -
forecastedtransactions(26)58(38)Commodity
contracts(23)(10)19Interest rate contracts(4)(360)(101)Total$
(53)$ (312)$ (118)
millions)Foreign exchange contracts -intercompany loans$ - 0$
- 0$1Foreign exchange contracts -
forecastedtransactions(23)(16)12Commodity
contracts3(24)(22)Interest rate contracts122(35)(435)Total$
102$ (75)$ (444)
millions)Commodity contracts$1$ (3)$ (4)Interest rate
contracts- 0(23)(2)Total$1$ (26)$ (6)

millions)Commodity contracts$ - 0$ - 0$ (17)Interest rate
contracts- 0(556)(156)Total$ - 0$ (556)$ (173)
Dec 31, 2013Date Filed: Mar 03, 2014Fair Value Hedges:Pre-
tax gains / (losses) from continuing operations due to changes
in fair valueof our interest rate swaps and related hedged long-
term debt were recorded ininterest and other expense,
net:201320122011(in millions)Derivatives$ - 0$ (2)$
(6)Borrowings- 026
Dec 31, 2013Date Filed: Mar 03, 2014Economic Hedges:Pre-tax
gains / (losses) recorded in net earnings from continuing
operations foreconomic hedges which are not designated as
hedging instruments were:Location ofGain /
(Loss)Recognized201320122011in Earnings(in millions)Foreign
exchange contracts:Intercompany loans andforecasted interest
payments$ 18$ 24$ 34Interest expenseForecasted
transactions6574Cost of salesForecasted
transactions9(17)3Interest expenseSelling, generaland
administrativeForecasted transactions4- 0- 0expensesInterest
rate contracts- 03(3)Interest expenseCommodity
contracts65100135Cost of salesTotal$ 161$ 117$ 173
Dec 31, 2013Date Filed: Mar 03, 2014Hedges of Net
Investments in Foreign Operations:After-tax gains / (losses)
from continuing operations related to hedges of netinvestments
in foreign operations in the form of euro and poundsterling-
denominated debt were:Location ofGain /
(Loss)201320122011Recognized in AOCI(in
millions)CurrencyEuro notes$ (50)$ (41)$
77TranslationPound sterling notes(13)(29)3Adjustment

Dec 31, 2013Date Filed: Mar 03, 2014Note 10. Benefit
PlansPension PlansObligations and Funded Status:The projected
benefit obligations, plan assets and funded status of our
pensionplans at December 31, 2013 and 2012 were:U.S.
PlansNon-U.S. Plans2013201220132012(in millions)Benefit
obligation at January 1$ 1,389$ 7,472$ 9,786$
9,581Service cost71142172172Interest
cost60275358425Benefits paid(14)(241)(420)(459)Settlements
paid(59)(211)- 0- 0Actuarial (gains) /
losses(182)1,157(184)1,060Spin-Off impact- 0(7,207)-
0(1,387)Currency- 0- 0183350Other122544Benefit obligation at
December 311,2661,3899,9209,786Fair value of plan assets
atJanuary 19035,8297,3817,600Actual return on plan
assets111663675684Contributions178349350353Benefits
paid(14)(241)(420)(459)Settlements paid(59)(211)- 0- 0Spin-
Off impact- 0(5,486)- 0(1,064)Currency- 0- 0136267Other(1)-
0- 0- 0Fair value of plan assets atDecember
311,1189038,1227,381Net pension liability
recognizedatDecember 31$ (148)$ (486)$ (1,798)$ (2,405)
millions)Prepaid pension assets$ 54$ 18Other accrued
liabilities(38)(24)Accrued pension costs(1,962)(2,885)$
(1,946)$ (2,891)
Plans2013201220132012(in millions)Projected benefit
obligation$ 86$ 1,389$ 8,379$ 9,539Accumulated benefit
obligation731,2188,1979,230Fair value of plan
assets29036,5717,119
Plans2013201220132012Discount

rate5.10%4.20%4.00%3.81%Expected rate of return on plan
assets7.75%7.75%6.18%6.08%Rate of compensation
increase4.00%4.00%3.61%3.47%
Dec 31, 2013Date Filed: Mar 03, 2014Components of Net
Pension Cost:Net pension cost consisted of the following for the
years ended December 31,2013, 2012, and 2011:U.S. PlansNon-
U.S. Plans201320122011201320122011(in millions)Service
cost$ 71$ 142$ 146$ 172$ 172$ 170Interest
cost60275364358425458Expected return on plan
assets(67)(358)(496)(435)(494)(536)Amortization:Net loss from
experience differences55253225136121101Prior service
cost267132Other expenses111310532214Net pension costs
related to discontinuedoperations- 0(263)(233)- 0(29)(29)Net
pension cost included in continuingoperations$ 122$ 168$
118$ 235$ 220$ 180
Plans201320122011201320122011Discount
rate4.20%4.56%5.53%3.81%4.62%5.11%Expected rate of
returnon plan assets7.75%8.00%7.95%6.08%6.47%6.77%Rate
of compensationincrease4.00%4.00%4.00%3.47%3.58%3.68%
Dec 31, 2013Date Filed: Mar 03, 2014Plan Assets:The fair
value of pension plan assets at December 31, 2013 was
determined usingthe following fair value measurements:Quoted
PricesSignificantin Active MarketsOtherSignificantfor
IdenticalObservableUnobservableTotal
FairAssetsInputsInputsAsset CategoryValue(Level 1)(Level
2)(Level 3)(in millions)U.S. equity securities$ 104$ 104$ -
0$ - 0Non-U.S. equity securities665665- 0- 0Pooled funds-
equity securities2,5717991,772- 0Total equity
securities3,3401,5681,772- 0Government bonds1,5603081,252-

0Pooled funds-fixed-income securities1,17631185015Corporate
bonds and other fixed-income securities1,350108462780Total
fixed-income securities4,0867272,564795Real
estate3811104267Hedge funds820- 0- 0820Private equity227- 0-
0227Cash251251- 0- 0Other54- 054- 0Total$ 9,159$ 2,656$
4,394$ 2,109
Dec 31, 2013Date Filed: Mar 03, 2014Quoted
PricesSignificantin Active MarketsOtherSignificantfor
IdenticalObservableUnobservableTotal
FairAssetsInputsInputsAsset CategoryValue(Level 1)(Level
2)(Level 3)(in millions)U.S. equity securities$ 186$ 185$1$
- 0Non-U.S. equity securities932932- 0- 0Pooled funds-equity
securities1,6735901,083- 0Total equity
securities2,7911,7071,084- 0Government bonds1,4402091,231-
0Pooled funds-fixed-income securities96328566810Corporate
bonds and other fixed-income securities1,969210965794Total
fixed-income securities4,3727042,864804Real
estate342976239Hedge funds263- 0- 0263Private equity210- 0-
0210Cash210210- 0- 0Other17- 017- 0Total$ 8,205$ 2,718$
3,971$ 1,516
Dec 31, 2013Date Filed: Mar 03, 2014January 1,Net
RealizedNet Purchases,Net TransfersDecember 31,2013and
UnrealizedIssuances andInto/(Out of)Currency2013Asset
CategoryBalanceGains/(Losses)SettlementsLevel
3ImpactBalance(in millions)Pooled funds- fixed-income
securities$ 10$ (1)$2$4$ - 0$ 15Corporate bond and
otherfixed-income securities79417(48)(1)18780Real
estate2391012- 06267Hedge funds263(11)535- 033820Private
equity21015(4)- 06227Total Level 3 investments$ 1,516$ 30$
497$3$ 63$ 2,109

Dec 31, 2013Date Filed: Mar 03, 2014January 1,Net
RealizedNet Purchases,Net TransfersDecember 31,2012and
UnrealizedIssuances andInto/(Out of)Currency2012Asset
CategoryBalanceGains/(Losses)SettlementsLevel
3ImpactBalance(in millions)Pooled funds-fixed-income
securities$7$ - 0$ - 0$3$ - 0$ 10Corporate bond and
otherfixed-income securities75861(52)(3)30794Real
estate2559149(181)7239Hedge funds18878(12)- 09263Private
equity19742(1)8210Other6(6)- 0- 0- 0- 0Total Level 3
investments$ 1,411$ 146$ 87$ (182)$ 54$ 1,516
PlansAsset Category2013201220132012Equity
securities53%57%34%31%Fixed-income
securities44%40%45%54%Real estate3%3%4%4%Hedge funds-
0- 010%4%Private equity- 0- 03%3%Cash- 0- 03%3%Other- 0-
01%1%Total100%100%100%100%
Dec 31, 2013Date Filed: Mar 03, 2014Future Benefit
Payments:The estimated future benefit payments from our
pension plans at December 31,2013 were (in millions):Year
ending:201420152016201720182019-2023U.S. Plans$ 71$
72$ 83$ 95$ 105$ 597Non-U.S. Plans$ 409$ 410$
416$ 435$ 441$ 2,383
Dec 31, 2013Date Filed: Mar 03, 2014Expiration
DatePensionFIP / RPof Collective-EIN / PensionProtection
ActStatus Pending /SurchargeBargainingPension FundPlan
NumberZone StatusImplementedImposedAgreementsBakery and
ConfectioneryUnion and IndustryInternational Pension
Fund526118572RedImplementedYes2/29/2016

Dec 31, 2013Date Filed: Mar 03, 2014Postretirement Benefit
PlansObligations:Our postretirement health care plans are not
funded. The changes in and theamount of the accrued benefit
obligation at December 31, 2013 and 2012 were:20132012(in
millions)Accrued benefit obligation at January 1$ 458$
3,453Service cost1535Interest cost20121Benefits
paid(7)(142)Plan amendments(3)(51)Currency(7)8Assumption
changes(56)519Actuarial (gains) / losses(4)47Impact of Spin-
Off- 0(3,561)Other629Accrued benefit obligation at December
31$ 422$ 458
Plans2013201220132012Discount
rate5.10%4.20%4.81%4.08%Health care cost trend rateassumed
for next year7.00%7.50%4.76%6.47%Ultimate trend
rate5.00%5.00%5.54%5.36%Year that the rate reachesthe
ultimate trend rate2018201820192018
Dec 31, 2013Date Filed: Mar 03, 2014One-Percentage-
PointIncreaseDecrease(in millions)Effect on postretirement
benefit obligation$ 66$ (53)Effect on annual service and
interest cost$6$ (5)
Postretirement Health Care Costs:Net postretirement health care
costs consisted of the following for the yearsended December
31, 2013, 2012 and 2011:201320122011(in millions)Service
cost$ 15$ 35$ 36Interest cost20121165Amortization:Net
loss from experience differences126560Prior service
credit(12)(31)(32)Other(1)- 029- 0Net postretirement health
care costsrelated to discontinued operations- 0(135)(163)Net
postretirement health care costsincluded within continuing
operations$ 35$ 84$ 66

Plans201320122011201320122011Discount
rate4.20%4.47%5.30%4.39%4.14%5.02%Health care cost trend
rate7.50%7.00%7.50%6.47%6.21%7.62%
Dec 31, 2013Date Filed: Mar 03, 2014Future Benefit
Payments:Our estimated future benefit payments for our
postretirement health care plansat December 31, 2013 were (in
millions):Year ending:201420152016201720182019-2023U.S.
Plans$5$7$8$ 10$ 12$ 84Non-U.S. Plans$5$5$5$5$5$ 30
Dec 31, 2013Date Filed: Mar 03, 2014Postemployment Benefit
PlansObligations:Our postemployment plans are primarily not
funded. The changes in and the amountof the accrued benefit
obligation at December 31, 2013 and 2012 were:20132012(in
millions)Accrued benefit obligation at January 1$ 100$
166Service cost812Interest cost58Benefits
paid(21)(44)Assumption changes(2)7Actuarial losses1314Spin-
Off Impact- 0(63)Accrued benefit obligation at December 31$
103$ 100
Postemployment Costs:Net postemployment costs consisted of
the following for the years endedDecember 31, 2013, 2012 and
2011:201320122011(in millions)Service cost$8$ 12$
11Interest cost589Amortization of net (gains) /
losses(1)(3)(2)Other(1)333Net postemployment costs related
todiscontinued operations- 0(5)(2)Net postemployment costs
included incontinuing operations$ 11$ 15$ 49

Dec 31, 2013Date Filed: Mar 03, 2014ExpectedRisk-
FreeExpectedDividendFair ValueInterest RateExpected
LifeVolatilityYieldat Grant
Date20131.15%6years20.36%1.94%$
4.3120121.16%6years20.13%3.08%$
4.7820112.34%6years18.92%3.72%$ 3.84
Dec 31, 2013Date Filed: Mar 03, 2014AverageWeighted-
RemainingAggregateShares
SubjectAverageContractualIntrinsicto OptionExercise
PriceTermValueBalance at January 1, 201352,753,039$
20.45Options granted12,406,79227.21Options
exercised(7,185,616)19.41Options
cancelled(2,190,776)23.86Balance at December 31,
201355,783,43921.967years$ 744millionExercisable at
December 31, 201331,036,12019.406years$ 494million
Dec 31, 2013Date Filed: Mar 03, 2014Weighted-AverageGrant
DateNumber ofFair ValueSharesPer ShareBalance at January 1,
201312,815,911$
21.55Granted5,231,43725.63Vested(5,350,073)18.82Forfeited(1
,048,688)23.23Balance at December 31, 201311,648,58724.48
Dec 31, 2013Date Filed: Mar 03, 2014Note 13. Capital
StockOur amended and restated articles of incorporation
authorize 5.0 billion sharesof Class A common stock and 500
million shares of preferred stock. There were nopreferred shares
issued and outstanding at December 31, 2013, 2012 and
2011.Shares of Class A common stock issued, in treasury and
outstanding were:SharesShares IssuedTreasury
SharesOutstandingBalance at January 1,
20111,996,537,778(248,471,229)1,748,066,549Exercise of stock
options and issuance ofother stock awards-

019,830,14019,830,140Balance at December 31,
20111,996,537,778(228,641,089)1,767,896,689Exercise of stock
options and issuance ofother stock awards-
20121,996,537,778(218,541,936)1,777,995,842Shares
repurchased(82,799,448)(82,799,448)Exercise of stock options
and issuance ofother stock awards-
20131,996,537,778(291,141,184)1,705,396,594
Dec 31, 2013Date Filed: Mar 03, 2014Note 14.
Reclassifications from Accumulated Other Comprehensive
IncomeThe components of accumulated other comprehensive
earnings / (losses)attributable to Mondel?z International
were:Mondel?z International Shareholders'
EquityCurrencyDerivativesTranslationPension andAccounted
forAdjustmentsOther Benefitsas HedgesTotal(in
millions)Balances at January 1, 2013$ (399)$ (2,229)$
(38)$ (2,666)Other comprehensive earnings /(losses),
beforereclassifications:Currency translation
adjustment(952)(29)- 0(981)Pension and other benefits- 0713-
0713Derivatives accounted foras hedges(99)- 016970Losses /
(gains) reclassifiedintonet earnings- 019772269Tax (expense) /
benefit36(244)(86)(294)Total other comprehensiveearnings /
(losses)(223)Balances at December 31, 2013$ (1,414)$
(1,592)$ 117$ (2,889)
Dec 31, 2013Date Filed: Mar 03, 2014Location ofGain /
(Loss)Recognized2013in Net Earnings(in millions)Pension and
other benefits:Reclassification of losses / (gains) into
netearnings:Amortization of experience losses and priorservice
costs(1)$ 193Settlement losses(1)4Provision for incomeTax
impact(50)taxesDerivatives accounted for as
hedges:Reclassification of losses / (gains) into

netearnings:Foreign exchange contracts -
forecastedtransactions28Cost of salesCommodity
contracts38Cost of salesInterest and otherInterest rate
contracts6expense, netProvision for incomeTax
impact(19)taxesTotal reclassifications into net earnings, net
oftax200
millions)Earnings / (losses) from continuingoperations before
income taxes:United States$ (799)$ (1,822)$ (1,308)Outside
United States3,1913,5963,188Total$ 2,392$ 1,774$
1,880Provision for income taxes:United States federal:Current$
(489)$ (420)$ (404)Deferred103(43)10(386)(463)(394)State
and local:Current(35)(17)(39)Deferred22(40)46(13)(57)7Total
United States(399)(520)(387)Outside United
States:Current648896983Deferred(189)(208)(480)Total outside
United States459688503Total provision for income taxes$ 60$
168$ 116
INTERNATIONAL, INC.TABLE100Form Type: 10-KPeriod
End: Dec 31, 2013Date Filed: Mar 03, 2014201320122011U.S.
federal statutory rate35.00%35.00%35.00%Increase / (decrease)
resulting from:State and local income taxes, net offederal tax
benefit excluding IRS auditimpacts-0.50%-1.60%0.20%Foreign
rate differences-15.30%-20.60%-22.20%Reversal of other tax
accruals no longerrequired-9.60%-4.30%-4.90%Indemnification
resolution-4.70%- 0- 0Tax legislation-2.20%-3.90%-
3.80%Divestitures-2.10%0.60%- 0Non-deductible
expenses1.10%3.60%1.90%Other0.80%0.70%- 0Effective tax
rate2.50%9.50%6.20%
End: Dec 31, 2013Date Filed: Mar 03, 201420132012(in
millions)Deferred income tax assets:Accrued postretirement and
postemployment benefits$ 176$ 157Accrued pension

costs417693Loss carryforwards553639Other1,1891,755Total
deferred income tax assets2,3353,244Valuation
allowance(335)(426)Net deferred income tax assets$ 2,000$
2,818Deferred income tax liabilities:Trade names$ (5,991)$
(6,394)Property, plant and
equipment(995)(972)Other(590)(896)Total deferred income tax
liabilities(7,576)(8,262)Net deferred income tax liabilities$
(5,576)$ (5,444)
End: Dec 31, 2013Date Filed: Mar 03, 2014201320122011(in
millions)January 1$ 1,164$ 1,522$ 1,256Increases from
positions taken during prior periods94119220Decreases from
positions taken during prior periods(132)(198)(147)Increases
from positions taken during the current
period131264266Decreases relating to settlements with taxing
authorities(7)(257)(17)Reductions resulting from the lapse of
the applicablestatute of limitations(55)(23)(16)Impact of Spin-
Off- 0(261)- 0Currency / other(6)(2)(40)December 31$ 1,189$
1,164$ 1,522
End: Dec 31, 2013Date Filed: Mar 03, 2014Note 16. Earnings
Per ShareBasic and diluted EPS from continuing and
discontinued operations werecalculated using the following:For
the Years Ended December 31,201320122011(in millions,
except per share data)Earnings from continuing operations$
2,332$ 1,606$ 1,764Earnings from discontinued
operations,net of income taxes1,6031,4881,810Net
earnings3,9353,0943,574Noncontrolling interest202720Net
earnings attributable to Mondel?zInternational$ 3,915$
3,067$ 3,554Weighted-average shares for basic
EPS1,7741,7771,765Plus incremental shares from
assumedconversions ofstock options and long-term incentive
planshares15127Weighted-average shares for diluted
EPS1,7891,7891,772Basic earnings per share attributable

toMondel?z International:Continuing operations$ 1.30$ 0.90$
attributable toMondel?z International$ 2.21$ 1.73$
2.01Diluted earnings per share attributable toMondel?z
International:Continuing operations$ 1.29$ 0.88$
attributable toMondel?z International$ 2.19$ 1.71$ 2.01
End: Dec 31, 2013Date Filed: Mar 03, 2014For the Years Ended
December 31,201320122011(in millions)Net revenues:Latin
America$ 5,382$ 5,396$ 5,403Asia
Pacific4,9525,1644,864EEMEA3,9153,7353,836Europe14,0591
3,81714,874North America6,9916,9036,833Net revenues$
35,299$ 35,015$ 35,810
December 31,201320122011(in millions)Earnings from
continuing operations beforeincome taxes:Operating
income:Latin America$ 570$ 769$ 759Asia
Pacific512657682EEMEA379506433Europe1,6991,7621,586Nor
th America889781787Unrealized gains / (losses) on
hedgingactivities621(36)General corporate
expenses(287)(728)(488)Amortization of
intangibles(217)(217)(225)Benefit from indemnification
resolution336- 0- 0Gains on acquisition and divestitures,
net30107- 0Acquisition-related costs(2)(1)- 0Operating
net(1,579)(1,863)(1,618)Earnings from continuing operations
beforeincome taxes$ 2,392$ 1,774$ 1,880
End: Dec 31, 2013Date Filed: Mar 03, 2014As of December
31,20132012(in millions)Total assets:Latin America$ 6,860$
7,018Asia

Pacific9,0329,748EEMEA7,0457,105Europe27,59927,513North
America21,72322,158Unallocated assets (1)2981,935Total
assets$ 72,557$ 75,477
December 31,201320122011(in millions)Depreciation
expense:Latin America$ 107$ 98$ 105Asia
Pacific10710099EEMEA887790Europe359368397North
America199224205Total - continuing
operations860867896Discontinued operations- 0261364Total
depreciation expense$ 860$ 1,128$ 1,260
December 31,201320122011(in millions)Capital
Expenditures:Latin America$ 412$ 220$ 262Asia
Pacific268250195EEMEA254227191Europe478414443North
America210217279Total - continuing
operations1,6221,3281,370Discontinued operations-
0282401Total capital expenditures$ 1,622$ 1,610$ 1,771
End: Dec 31, 2013Date Filed: Mar 03, 2014For the Year Ended
December 31,
2013LatinAsiaNorthAmericaPacificEEMEAEuropeAmericaTotal
(in millions)Biscuits$ 1,287$ 1,311$ 678$ 2,990$ 5,406$
11,672Chocolate1,1431,6321,1805,3853259,665Gum &
Candy1,3808496739681,1875,057Beverages9074701,1133,340-
05,830Cheese & Grocery6656902711,376733,075Total net
revenues$ 5,382$ 4,952$ 3,915$ 14,059$ 6,991$ 35,299
December 31,

11,149Chocolate1,1281,6861,1395,0673369,356Gum &
Candy1,4348997269991,2805,338Beverages9534531,0253,4111
revenues$ 5,396$ 5,164$ 3,735$ 13,817$ 6,903$ 35,015
December 31,
10,988Chocolate1,0961,6141,2315,2723529,565Gum &
Candy1,5509147211,1561,3515,692Beverages9603921,0583,645
revenues$ 5,403$ 4,864$ 3,836$ 14,874$ 6,833$ 35,810
December 31,201320122011(in millions)Net revenues:United
States$ 5,965$ 5,974$ 5,848Other29,33429,04129,962Total
net revenues$ 35,299$ 35,015$ 35,810
End: Dec 31, 2013Date Filed: Mar 03, 2014As of December
31,20132012(in millions)Long-lived assets:United States$
17,948$ 18,160Other41,39341,644Total long-lived assets$
59,341$ 59,804
End: Dec 31, 2013Date Filed: Mar 03, 2014Note 18. Quarterly
Financial Data (Unaudited)Our summarized operating results by
quarter are detailed below. See Note 1,Summary of Significant
Accounting Policies, for additional information on therevision
of previously reported financial information.2013
QuartersFirstSecondThirdFourthReportedCorrectionRevisedRep
ortedCorrectionRevisedReportedCorrectionRevised(in millions,

except per share data)Net revenues$ 8,744$ - 0$ 8,744$
8,595$ - 0$ 8,595$ 8,472$ - 0$ 8,472$ 9,488Gross
profit$ 3,242$ - 0$ 3,242$ 3,231$ - 0$ 3,231$ 3,144$
- 0$ 3,144$ 3,493Provision for income taxes$ (19)$ 32$
13$ 13$ 15$ 28$ 14$ 12$ 26$ (7)Earnings from
continuing operations$ 574$ (32)$ 542$ 617$ (15)$
602$ 1,030$ (12)$ 1,018$ 170Earnings from discontinued
operations,net of income taxes$ - 0$ - 0$ - 0$ - 0$ - 0$
- 0$ - 0$ - 0$ - 0$ 1,603Net earnings$ 574$ (32)$
542$ 617$ (15)$ 602$ 1,030$ (12)$ 1,018$
1,773Noncontrolling interest6- 061- 016- 067Net earnings
attributable to Mondel?z International$ 568$ (32)$ 536$
616$ (15)$ 601$ 1,024$ (12)$ 1,012$ 1,766Weighted-
average shares for diluted EPS1,798- 01,7981,803-
01,8031,794- 01,7941,761Per share data:Basic EPS attributable
to Mondel?z International:Continuing operations$ 0.32$
(0.02)$ 0.30$ 0.34$ - 0$ 0.34$ 0.58$ (0.01)$ 0.57$
0.09Discontinued operations- 0- 0- 0- 0- 0- 0- 0- 0- 00.92Net
earnings attributable to Mondel?z International$ 0.32$
(0.02)$ 0.30$ 0.34$ - 0$ 0.34$ 0.58$ (0.01)$ 0.57$
1.01Diluted EPS attributable to Mondel?z
International:Continuing operations$ 0.32$ (0.02)$ 0.30$
0.34$ (0.01)$ 0.33$ 0.57$ (0.01)$ 0.56$
0.09Discontinued operations- 0- 0- 0- 0- 0- 0- 0- 0- 00.91Net
earnings attributable to Mondel?z International$ 0.32$
(0.02)$ 0.30$ 0.34$ (0.01)$ 0.33$ 0.57$ (0.01)$ 0.56$
1.00Dividends declared$ 0.13$ - 0$ 0.13$ 0.13$ - 0$
0.13$ 0.14$ - 0$ 0.14$ 0.14Market price(1) - high$
30.66$ - 0$ 30.66$ 32.10$ - 0$ 32.10$ 33.08$ - 0$
33.08$ 35.43- low$ 25.78$ - 0$ 25.78$ 28.22$ - 0$
28.22$ 28.50$ - 0$ 28.50$ 30.07
End: Dec 31, 2013Date Filed: Mar 03,
20142012QuartersFirstSecondThirdFourthReportedCorrectionRe
visedReportedCorectionRevisedReportedCorrectionRevisedRepo

rtedCorrectionRevised(in millions, except per share data)Net
revenues$ 8,667$ - 0$ 8,667$ 8,527$ - 0$ 8,527$
8,326$ - 0$ 8,326$ 9,495$ - 0$ 9,495Gross profit$
3,195$ - 0$ 3,195$ 3,211$ - 0$ 3,211$ 3,120$ - 0$
3,120$ 3,550$ - 0$ 3,550Provision for income taxes$
77$1$ 78$ 103$ - 0$ 103$ (76)$ (5)$ (81)$ 103$
(35)$ 68Earnings from continuing operations$ 339$ (1)$
338$ 490$ - 0$ 490$ 177$5$ 182$ 561$ 35$
596Earnings from discontinued operations, net of income taxes$
480$ - 0$ 480$ 544$ - 0$ 544$ 482$ - 0$ 482$
(18)$ - 0$ (18)Net earnings$ 819$ (1)$ 818$ 1,034$ -
0$ 1,034$ 659$5$ 664$ 543$ 35$ 578Noncontrolling
interest6- 065- 057- 079- 09Net earnings attributable to
Mondel?z International$ 813$ (1)$ 812$ 1,029$ - 0$
1,029$ 652$5$ 657$ 534$ 35$ 569Weighted-average
shares for diluted EPS1,783- 01,7831,786- 01,7861,789-
01,7891,793- 01,793Per share data:Basic EPS attributable to
Mondel?z International:Continuing operations$ 0.19$ - 0$
0.19$ 0.27$ - 0$ 0.27$ 0.10$ - 0$ 0.10$ 0.31$ 0.02$
0.33Discontinued operations0.27- 00.270.31- 00.310.27-
00.27(0.01)- 0(0.01)Net earnings attributable to Mondel?z
International$ 0.46$ - 0$ 0.46$ 0.58$ - 0$ 0.58$ 0.37$
- 0$ 0.37$ 0.30$ 0.02$ 0.32Diluted EPS attributable to
Mondel?z International:Continuing operations$ 0.19$ - 0$
0.19$ 0.27$ - 0$ 0.27$ 0.10$ 0.01$ 0.11$ 0.31$
0.02$ 0.33Discontinued operations0.27- 00.270.31- 00.310.26-
00.26(0.01)- 0(0.01)Net earnings attributable to Mondel?z
International$ 0.46$ - 0$ 0.46$ 0.58$ - 0$ 0.58$ 0.36$
0.01$ 0.37$ 0.30$ 0.02$ 0.32Dividends declared$ 0.29$
- 0$ 0.29$ 0.29$ - 0$ 0.29$ 0.29$ - 0$ 0.29$ 0.13$ -
0$ 0.13Market price(1) - high$ 39.06$ - 0$ 39.06$
39.99$ - 0$ 39.99$ 42.44$ - 0$ 42.44$ 42.54$ - 0$
42.54- low$ 37.17$ - 0$ 37.17$ 36.75$ - 0$ 36.75$
37.15$ - 0$ 37.15$ 24.50$ - 0$ 24.50

End: Dec 31, 2013Date Filed: Mar 03, 20142013
QuartersFirstSecondThirdFourth(in millions)Asset impairment
and exit costs$ 44$ 48$ 43$ 138Benefit from
indemnificationresolution- 0- 0(385)- 0Loss on debt
extinguishment- 0- 0- 0608(Gains) / losses ondivestitures,
net(22)(6)- 0(2)$ 22$ 42$ (342)$ 744
20142012QuartersFirstSecondThirdFourth(in millions)Asset
impairment and exit costs$ 44$ 27$ 13$ 69(Gains) / losses
on divestitures, net- 0- 0- 0(107)$ 44$ 27$ 13$ (38)
End: Dec 31, 2013Date Filed: Mar 03, 2014Equity
Compensation Plan InformationNumber of SecuritiesRemaining
Available forNumber of Securities toFuture Issuance underbe
Issued Upon ExerciseWeighted AverageEquity Compensationof
OutstandingExercise Price ofPlans (excludingOptions,
WarrantsOutstanding Options,securities reflectedand Rights
(1)Warrants and Rightsin column (a)) (2)(a)(b)(c)Equity
compensation plansapproved by security
holders63,728,884$21.9627,614,829
End: Dec 31, 2013Date Filed: Mar 03, 201410.60Form of
Mondel?z International, Inc. Amended and Restated
2005Performance Incentive Plan Restricted Stock Agreement.
+10.70Form of Mondel?z International, Inc. Amended and
Restated 2005Performance Incentive Plan Non-Qualified U.S.
Stock Option AwardAgreement. +10.80Mondel?z International,
Inc. Long-Term Incentive Plan, restated as ofOctober 2, 2012
(incorporated by reference to Exhibit 10.9 to theRegistrant's
Annual Report on Form 10-K filed with the SEC on February25,
2013). +10.90Form of Mondel?z International, Inc. Long-Term
Incentive Plan AwardAgreement. +10.10Mondel?z Global LLC

Supplemental Benefits Plan I, effective as ofSeptember 1, 2012
2013). +10.11Mondel?z Global LLC Supplemental Benefits Plan
II, effective as ofSeptember 1, 2012 (incorporated by reference
to Exhibit 10.11 to theRegistrant's Annual Report on Form 10-K
filed with the SEC on February25, 2013). +10.12Form of
Mondel?z Global LLC Amended and Restated Cash
EnrollmentAgreement (incorporated by reference to Exhibit
10.12 to theRegistrant's Annual Report on Form 10-K filed with
the SEC on February25, 2013). +10.13Form of Mondel?z Global
LLC Amended and Restated Employee Grantor TrustEnrollment
Agreement (incorporated by reference to Exhibit 10.13 to
theRegistrant's Annual Report on Form 10-K filed with the SEC
on February25, 2013). +10.14Mondel?z International, Inc.
Amended and Restated 2006 StockCompensation Plan for Non-
Employee Directors, amended and restated as ofOctober 1, 2012
2013). +10.15Mondel?z International, Inc. 2001 Compensation
Plan for Non-EmployeeDirectors, amended as of December 31,
2008 and restated as of January 1,2013 (incorporated by
reference to Exhibit 10.15 to the Registrant'sAnnual Report on
Form 10-K filed with the SEC on February 25, 2013).
+10.16Mondel?z International, Inc. Change in Control Plan for
Key Executives,amended as of October 2, 2012 (incorporated by
reference to Exhibit 10.1to the Registrant's Quarterly Report on
Form 10-Q filed with the SEC onNovember 8, 2012).
+10.17Mondel?z Global LLC Executive Deferred Compensation
Plan, effective asof October 1, 2012 (incorporated by reference
to Exhibit 10.17 to theRegistrant's Annual Report on Form 10-K
filed with the SEC on February25, 2013). +10.18Mondel?z
Global LLC Executive Deferred Compensation Plan
AdoptionAgreement, effective as of October 1, 2012
(incorporated by reference toExhibit 10.18 to the Registrant's
Annual Report on Form 10-K filed withthe SEC on February 25,

2013). +10.19Deferred Compensation Plan Trust Document, by
and between Mondel?zGlobal LLC and Wilmington Trust
Retirement and Institutional ServicesCompany, dated as of
September 18, 2012 (incorporated by reference toExhibit 10.19
to the Registrant's Annual Report on Form 10-K filed withthe
SEC on February 25, 2013). +10.20Offer of Employment Letter,
between the Registrant and Irene B.Rosenfeld, dated June 22,
2006 (incorporated by reference to Exhibit10.29 to the
Registrant's Quarterly Report on Form 10-Q for the
quarterended June 30, 2006). +10.21Amendment to Offer of
Employment Letter, between the Registrant andIrene B.
Rosenfeld, amended as of December 31, 2008 (incorporated
byreference to Exhibit 10.20 to the Registrant's Annual Report
on Form10-K filed with the SEC on February 27, 2009).
+10.22Performance-Contingent Restricted Stock Unit
Agreement, between theRegistrant and Irene B. Rosenfeld,
effective as of December 19, 2012(incorporated by reference to
Exhibit 10.22 to the Registrant's AnnualReport on Form 10-K
filed with the SEC on February 25, 2013). +10.23Agreement
Upon Retirement and General Release, between the
Registrantand Sanjay Khosla, dated as of December 19, 2012
(incorporated byreference to Exhibit 10.1 to the Registrant's
Current Report on Form 8-Kfiled with the SEC on December 26,
2012). +
End: Dec 31, 2013Date Filed: Mar 03, 201410.24Offer of
Employment Letter, between the Registrant and Daniel P.
Myers,dated June 20, 2011 (incorporated by reference to Exhibit
10.1 to theRegistrant's Quarterly Report on Form 10-Q filed
with the SEC onNovember 4, 2011). +10.25Offer of
Employment Letter, between the Registrant and Tracey
Belcourt,dated July 8, 2012 (incorporated by reference to
Exhibit 10.2 to theRegistrant's Quarterly Report on Form 10-Q
filed with the SEC onNovember 8, 2012). +10.26Offer of
Employment Letter, between the Registrant and James

Kehoe,dated October 25, 2013. +10.27Form of Indemnification
Agreement for Non-Employee Directors(incorporated by
reference to 10.28 to the Registrant's Annual Report onForm 10-
K filed with the SEC on February 27, 2009).
+10.28Indemnification Agreement between the Registrant and
Irene B. Rosenfeld,dated January 27, 2009 (incorporated by
reference to Exhibit 10.1 to theRegistrant's Current Report on
Form 8-K filed with the SEC onFebruary 2, 2009).
+11Computation of Per Share Earnings.**12.10Computation of
Ratios of Earnings to Fixed Charges.21.10Subsidiaries of the
Registrant.23.10Consent of PricewaterhouseCoopers LLP,
Independent Registered PublicAccounting
Firm.31.10Certification of the Registrant's Chief Executive
Officer pursuant toRule 13a-14(a)/15d-14(a) of the Securities
Exchange Act of 1934, asamended, as adopted pursuant to
Section 302 of the Sarbanes-Oxley Act
of2002.31.20Certification of the Registrant's Chief Financial
Officer pursuant toRule 13a-14(a)/15d-14(a) of the Securities
Exchange Act of 1934, asamended, as adopted pursuant to
Section 302 of the Sarbanes-Oxley Act
of2002.32.10Certifications of the Registrant's Chief Executive
Officer and ChiefFinancial Officer pursuant to 18 U.S.C. 1350,
as adopted pursuant toSection 906 of the Sarbanes-Oxley Act of
2002.101.10The following materials from Mondel?z
International's Annual Report onForm 10-K for the fiscal year
ended December 31, 2013, formatted in XBRL(eXtensible
Business Reporting Language): (i) the ConsolidatedStatements
of Earnings, (ii) the Consolidated Statements of Equity,(iii) the
Consolidated Balance Sheets, (iv) the Consolidated
Statementsof Cash Flows, (v) the Consolidated Statements of
ComprehensiveEarnings, (vi) Notes to Consolidated Financial
Statements, and (vii)document and entity information.
End: Dec 31, 2013Date Filed: Mar 03, 2014Mondel?z
International, Inc. and SubsidiariesValuation and Qualifying

AccountsFor the Years Ended December 31, 2013, 2012 and
2011(in millions)Col. ACol. BCol. CCol. DCol.
EAdditionsBalance atCharged toCharged toBalance
atBeginningCosts andOtherEnd ofDescriptionof
PeriodExpensesAccountsDeductionsPeriod(a)(b)2013:Allowance
for trade receivables$ 118$ 14$ (11)$ 35$ 86Allowance
for other current receivables4520- 0(8)73Allowance for long-
term receivables16- 0- 0- 016Allowance for deferred
taxes42620- 0111335$ 605$ 54$ (11)$ 138$
5102012:Allowance for trade receivables$ 143$ 27$ (32)$
20$ 118Allowance for other current
receivables406(7)(6)45Allowance for long-term
receivables19(4)(1)(2)16Allowance for deferred
taxes46463(17)84426$ 666$ 92$ (57)$ 96$
6052011:Allowance for trade receivables$ 246$ 25$ (12)$
116$ 143Allowance for other current
receivables2986340Allowance for long-term receivables13- 06-
019Allowance for deferred taxes401205(17)125464$ 689$
238$ (17)$ 244$ 666
2014ApplicableFacilityRatingFee RateA or higher by Standard
& Poor'sA2 or higher by Moody's0.07%A- by Standard &
Poor'sA3 by Moody's0.09%BBB+ by Standard & Poor'sBaa1 by
Moody's0.10%BBB by Standard & Poor'sBaa2 by
Moody's0.13%Lower than BBB by Standard & Poor'sLower than
Baa2 by Moody's0.20%
End: Dec 31, 2013Date Filed: Mar 03, 2014Base RateLIBO
RateRatingSpreadSpreadA or higher by Standard & Poor'sA2 or
higher by Moody's0.00%0.81%A- by Standard & Poor'sA3 by
Moody's0.00%0.92%BBB+ by Standard & Poor'sBaa1 by
Moody's0.03%1.03%BBB by Standard & Poor'sBaa2 by
Moody's0.13%1.13%Lower than BBB by Standard &

Poor'sLower than Baa2 by Moody's0.30%1.30%
End: Dec 31, 2013Date Filed: Mar 03, 2014Annualized
Compensation (Target Opportunity)Annual Base
SalaryUSD475,000Annual Incentive Plan (Target *-
55%)USD261,250Long Term Incentives**USD710,000-
Performance Shares (Target *- 60%)USD285,000-Target Stock
Award ValueUSD425,000Total Target
CompensationUSD1,446,250
End: Dec 31, 2013Date Filed: Mar 03, 2014-[[Image Removed:
LOGO]]Mondel?z Global LLCDeerfield, IL 60015
USAmondelezinternational.com
End: Dec 31, 2013Date Filed: Mar 03, 2014Sign On
IncentivesAs part of your employment offer, as an incentive to
join Mondel?zInternational, upon hire, you will receive sign-on
incentives in the form ofcash and stock as follows:Cash Sign-
On Incentive:$ 100,000with a two-year repaymentagreement,
payable at date of hire.Equity Sign-On Incentive:$
2,500,000delivered partially asrestricted stock (75%) and
partiallyas stock options (25%) to vest as

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