Item 7.01. Regulation FD Disclosure.




Mondel?z International, Inc. and subsidiaries (collectively, "we," "our" or
"Mondel?z International") are furnishing this current report to provide
supplemental non-GAAP financial information related to the retrospective impact
of our sales of approximately 14.1 million Keurig Dr Pepper Inc. ("KDP")
ordinary shares on August 3, 2020 and approximately 12.5 million KDP ordinary
shares on September 9, 2020. As a result of these sales, our equity interest in
KDP decreased by 1.9% from 13.1% to 11.2%.

Due to our reporting of KDP's results on a one-quarter lag basis, the impact of
the sale of these shares will affect our non-GAAP financial results beginning
with the fourth quarter ended December 31, 2020. Consistent with our definitions
of our non-GAAP financial measures, we will reflect this partial sale of our
equity method investment in KDP as a divestiture, resulting in the recasting of
our non-GAAP financial results for the first nine months of 2020, all quarters
of 2020, 2019 and 2018 and for the years ended December 31, 2019 and 2018.

Change to our Historical Non-GAAP Financial Results in Connection with our Sales of KDP shares



As previously disclosed in our Quarterly Report on Form 10-Q for the quarter
ended September 30, 2020, we sold approximately 14.1 million shares of KDP on
August 3, 2020, which reduced our ownership interest by 1.0% to 12.1% of the
total outstanding shares. We received $414 million of proceeds and recorded a
pre-tax gain of $181 million (or $139 million after tax) during the third
quarter of 2020. Subsequently, on September 9, 2020, we sold approximately
12.5 million shares of KDP, which reduced our ownership interest by 0.9% to
11.2% of the total outstanding shares. We received $363 million of proceeds and
recorded a pre-tax gain of $154 million (or $119 million after tax) during the
third quarter of 2020.

We consider the 1.9% ownership reduction resulting from these sales of shares a
partial sale of our equity method investment in KDP. Consistent with our
definitions of our non-GAAP financial measures, we consider these sales to be a
divestiture. Due to our reporting of KDP's results on a one-quarter lag basis,
the impact of the sale of these shares will affect our non-GAAP financial
results beginning with the fourth quarter ended December 31, 2020. Therefore, we
will remove the equity method investment net earnings results related to this
partial sale of our equity method investment in KDP from our non-GAAP financial
results for Adjusted EPS for all historical periods presented. Our U.S. GAAP
results, which include our historical equity method investment net earnings from
KDP, will not change from what was previously reported.

Recast Amounts Reflecting Changes in Historical Non-GAAP Results



The change to our non-GAAP financial results for Adjusted EPS described above
does not affect our previously reported consolidated financial results nor does
it affect our non-GAAP financial results for Organic Net Revenue, Adjusted Gross
Profit or Adjusted Operating Income for any period. This supplemental disclosure
does not amend any disclosure contained in any of our prior SEC filings. See the
chart below and Exhibit 99.1 for the unaudited GAAP and recast non-GAAP
financial information for the first nine months of 2020, all quarters of 2020,
2019 and 2018 and for the years ended December 31, 2019 and 2018.

                 Mondel?z International, Inc. and Subsidiaries

              Recast Amounts Reflecting Change Due to Divestiture

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

                                  (Unaudited)



                                           2018        2019        2020                         2018                                          2019                                    2020
                                            FY          FY        Q3 YTD        Q1          Q2         Q3          Q4         Q1         Q2         Q3           Q4         Q1         Q2         Q3
Reported (GAAP)
Equity method investment net earnings     $   484     $   501     $   311

$ 229 $ 88 $ 84 $ 83 $ 166 $ 109 $ 114 $ 112 $ 121 $ 106 $ 84 Provision for income taxes

                    773           2         880

337 15 310 111 189 216 (633 ) 230 148 341 391 Net earnings attributable to Mondel?z International

                               3,317       3,929       2,399

1,043 319 1,198 757 967 803 1,426 733 736 544 1,119 Diluted earnings per share attributable to Mondel?z International

$  2.23     $  2.69     $  1.66

$ 0.69 $ 0.21 $ 0.81 $ 0.51 $ 0.66 $ 0.55 $ 0.98 $ 0.50 $ 0.51 $ 0.38 $ 0.78



Adjusted (Non-GAAP) - As Recast
Equity method investment net earnings     $   393     $   487     $   352     $   116     $   87     $    82     $  108     $  160     $  106     $   109      $  112     $  112     $  124     $   116
Provision for income taxes                    853         871         648         223        207         180        243        201        219         171         280        201        129         318
Net earnings attributable to Mondel?z
International                               3,502       3,593       2,756         933        813         903        853        980        810         923         880        958        889         909
Diluted earnings per share attributable
to Mondel?z International                 $  2.36     $  2.46     $  1.91

$ 0.62 $ 0.55 $ 0.61 $ 0.58 $ 0.67 $ 0.56 $ 0.63 $ 0.61 $ 0.66 $ 0.62 $ 0.63






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Financial Schedules



Exhibit 99.1 to this Form 8-K contains financial schedules that provide the
reconciliations for our recast non-GAAP financial results for Adjusted EPS due
to the partial sale of our equity method investment in KDP for the first nine
months of 2020, all quarters of 2020, 2019 and 2018 and for the years ended
December 31, 2019 and 2018.

• Schedule 1 provides reconciliations of the differences between the recast

Adjusted (non-GAAP) financial measures and their most directly comparable

reported (GAAP) financial measures. Equity method investment net earnings and

Provision for income taxes are components used to calculate net earnings and


      diluted earnings per share attributable to Mondel?z International.




  •   Schedule 2 provides reconciliations between the reported diluted EPS
      attributable to Mondel?z International (GAAP) and the recast Adjusted EPS
      (non-GAAP).


Non-GAAP Financial Measures

We use non-GAAP financial information and believe it is useful to investors as
it provides additional information to facilitate comparisons of historical
operating results and identify trends in our underlying operating results, and
it provides additional insight and transparency on how we evaluate our business.
For additional information regarding our non-GAAP financial measures, see
Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits.

(d) The following exhibits are being furnished with this Current Report on Form 8-K.

99.1 Financial schedules - Unaudited GAAP and Non-GAAP Financial Information.

99.2 Non-GAAP Financial Measures - Additional Information.

104 The cover page from Mondel?z International, Inc.'s Current Report on Form


        8-K, formatted in Inline XBRL (included as Exhibit 101).




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