2014 Q1 Form 10-K Financial Statement

#000119312515055355 Filed on February 20, 2015

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q3
Revenue $8.641B $9.488B $8.472B
YoY Change -1.18% -0.07% 1.75%
Cost Of Revenue $5.437B $5.995B $5.328B
YoY Change -1.18% 0.84% 2.34%
Gross Profit $3.204B $3.493B $3.144B
YoY Change -1.17% -1.61% 0.77%
Gross Profit Margin 37.08% 36.81% 37.11%
Selling, General & Admin $2.265B $2.294B $1.784B
YoY Change -2.87% -10.91% -19.46%
% of Gross Profit 70.69% 65.67% 56.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $262.0M $269.0M $276.0M
YoY Change -1.5% -3.93% -22.47%
% of Gross Profit 8.18% 7.7% 8.78%
Operating Expenses $2.265B $2.347B $1.784B
YoY Change -2.87% -10.73% -19.46%
Operating Profit $843.0M $1.146B $1.262B
YoY Change 1.08% 24.43% 50.6%
Interest Expense -$719.0M -$847.0M -$218.0M
YoY Change 157.71% 187.12% -70.42%
% of Operating Profit -85.29% -73.91% -17.27%
Other Income/Expense, Net -$720.0M -$218.0M
YoY Change 158.06%
Pretax Income $123.0M $163.0M $1.044B
YoY Change -77.84% -75.45% 933.66%
Income Tax -$27.00M -$7.000M $26.00M
% Of Pretax Income -21.95% -4.29% 2.49%
Net Earnings $163.0M $1.766B $1.012B
YoY Change -69.59% 210.37% 54.03%
Net Earnings / Revenue 1.89% 18.61% 11.95%
Basic Earnings Per Share $0.10 $1.01 $0.57
Diluted Earnings Per Share $0.09 $1.00 $0.56
COMMON SHARES
Basic Shares Outstanding 1.704B shares 1.743B shares 1.779B shares
Diluted Shares Outstanding 1.722B shares 1.761B shares 1.794B shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.422B $2.622B $3.692B
YoY Change -12.21% -41.41% -4.67%
Cash & Equivalents $2.422B $2.622B $3.692B
Short-Term Investments
Other Short-Term Assets $836.0M $889.0M $838.0M
YoY Change -4.68% 20.95% -18.72%
Inventory $4.027B $3.743B $4.161B
Prepaid Expenses
Receivables $5.900B $4.463B $6.245B
Other Receivables $0.00 $940.0M $0.00
Total Short-Term Assets $13.70B $13.17B $15.46B
YoY Change -4.15% -15.94% -20.77%
LONG-TERM ASSETS
Property, Plant & Equipment $10.24B $10.25B $10.09B
YoY Change 4.03% 2.37% -28.22%
Goodwill $25.41B $25.60B $25.68B
YoY Change -0.56% -0.56% -31.58%
Intangibles $21.99B $21.99B $22.11B
YoY Change -1.07% -2.47% -12.24%
Long-Term Investments
YoY Change
Other Assets $1.561B $1.449B $1.492B
YoY Change 15.97% -2.36% 2.68%
Total Long-Term Assets $59.26B $59.34B $59.40B
YoY Change 0.43% -0.77% -24.11%
TOTAL ASSETS
Total Short-Term Assets $13.70B $13.17B $15.46B
Total Long-Term Assets $59.26B $59.34B $59.40B
Total Assets $72.96B $72.46B $74.86B
YoY Change -0.46% -3.99% -23.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.372B $5.345B $4.533B
YoY Change 22.7% 15.14% -17.57%
Accrued Expenses $3.191B $3.361B $3.270B
YoY Change -3.65% -4.57% -16.75%
Deferred Revenue
YoY Change
Short-Term Debt $2.503B $1.594B $2.527B
YoY Change 1133.0% 481.75% 860.84%
Long-Term Debt Due $1.674B $1.003B $2.303B
YoY Change -49.7% -71.96% 19.95%
Total Short-Term Liabilities $15.33B $14.35B $15.27B
YoY Change 10.67% -3.47% -3.64%
LONG-TERM LIABILITIES
Long-Term Debt $14.77B $14.48B $15.09B
YoY Change -1.32% -7.01% -44.78%
Other Long-Term Liabilities $2.607B $2.491B $2.514B
YoY Change -12.66% -18.22% -24.41%
Total Long-Term Liabilities $2.607B $2.491B $2.514B
YoY Change -12.66% -18.22% -24.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.33B $14.35B $15.27B
Total Long-Term Liabilities $2.607B $2.491B $2.514B
Total Liabilities $41.18B $39.98B $42.37B
YoY Change -0.23% -7.15% -30.66%
SHAREHOLDERS EQUITY
Retained Earnings $13.32B $13.42B $11.88B
YoY Change 23.79% 27.18% -37.22%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.892B $9.553B $7.722B
YoY Change 42.25% 33.48% 7.37%
Treasury Stock Shares 300.8M shares 291.1M shares
Shareholders Equity $31.65B $32.37B $32.34B
YoY Change
Total Liabilities & Shareholders Equity $72.96B $72.52B $74.86B
YoY Change -0.46% -3.92% -23.44%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $163.0M $1.766B $1.012B
YoY Change -69.59% 210.37% 54.03%
Depreciation, Depletion And Amortization $262.0M $269.0M $276.0M
YoY Change -1.5% -3.93% -22.47%
Cash From Operating Activities -$577.0M $5.212B $780.0M
YoY Change 49.87% 198.17% -19.34%
INVESTING ACTIVITIES
Capital Expenditures $326.0M -$594.0M -$460.0M
YoY Change 38.72% 55.91% -5.93%
Acquisitions
YoY Change
Other Investing Activities -$9.000M $126.0M $27.00M
YoY Change 800.0% -171.19% 575.0%
Cash From Investing Activities -$317.0M -$468.0M -$433.0M
YoY Change 6.38% -16.13% -10.72%
FINANCING ACTIVITIES
Cash Dividend Paid $238.0M
YoY Change 2.59%
Common Stock Issuance & Retirement, Net $468.0M
YoY Change
Debt Paid & Issued, Net $2.514B
YoY Change 234.31%
Cash From Financing Activities 630.0M -5.806B 847.0M
YoY Change -163.44% 830.45% -165.25%
NET CHANGE
Cash From Operating Activities -577.0M 5.212B 780.0M
Cash From Investing Activities -317.0M -468.0M -433.0M
Cash From Financing Activities 630.0M -5.806B 847.0M
Net Change In Cash -264.0M -1.062B 1.194B
YoY Change -84.25% -287.63% -246.32%
FREE CASH FLOW
Cash From Operating Activities -$577.0M $5.212B $780.0M
Capital Expenditures $326.0M -$594.0M -$460.0M
Free Cash Flow -$903.0M $5.806B $1.240B
YoY Change 45.65% 172.71% -14.84%

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CommitmentsAndContingencies
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-7318000000
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5299000000
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14529000000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
129000000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1250000000
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
5512000000
CY2014Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
16700000000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
27750000000
CY2014Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
526000000
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2140000000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1080000000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
102000000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
182000000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1697000000
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1530000000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
66815000000
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1000000000
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
5843000000
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
7066000000
CY2014Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
18463000000
CY2014Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
91000000
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
31651000000
CY2014Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
13200000000
CY2014Q4 us-gaap Other Notes Payable
OtherNotesPayable
10873000000
CY2014Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
23000000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1530000000
CY2014Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
2047000000
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
852000000
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1305000000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
227000000
CY2014Q4 us-gaap Minority Interest
MinorityInterest
103000000
CY2014Q4 us-gaap Liabilities
Liabilities
38962000000
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
946000000
CY2014Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
516000000
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
184000000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
309000000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1763000000
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
15405000000
CY2014Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
349000000
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
66000000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
1631000000
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
67000000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
200000000
CY2014Q4 us-gaap Goodwill
Goodwill
23389000000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9827000000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
685000000
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2584000000
CY2014Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
-2882000000
CY2014Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
53000000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
629000000
CY2014Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
18810000000
CY2014Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
21335000000
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
410000000
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
11072000000
CY2014Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
656000000
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
588000000
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
227000000
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
431000000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
200000000
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2358000000
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16912000000
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
545000000
CY2014Q4 us-gaap Assets
Assets
66815000000
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-4827000000
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2239000000
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
480000000
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
272000000
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
200000000
CY2014Q4 us-gaap Inventory Net
InventoryNet
3480000000
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1122000000
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3432000000
CY2014Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
949000000
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3802000000
CY2014Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
978000000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
200000000
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
20335000000
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1408000000
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1461000000
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
11112000000
CY2014Q4 us-gaap Assets Current
AssetsCurrent
11750000000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
200000000
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2525000000
CY2014Q4 mdlz Number Of Indefinite Lived Intangibles Fair Value Over Book Value Ten Percent Or Less
NumberOfIndefiniteLivedIntangiblesFairValueOverBookValueTenPercentOrLess
3 Brand
CY2014Q4 mdlz Impact On Tax Provision From Unrecognized Tax Benefits
ImpactOnTaxProvisionFromUnrecognizedTaxBenefits
744000000
CY2014Q4 mdlz Euro Notes
EuroNotes
3918000000
CY2014Q4 mdlz Capital Lease Obligations And Other
CapitalLeaseObligationsAndOther
31000000
CY2014Q4 mdlz Assets Excluded From Plan Assets
AssetsExcludedFromPlanAssets
74000000
CY2014Q4 mdlz Sterling Notes
SterlingNotes
573000000
CY2014Q4 mdlz Long Term Debt And Capital Lease Obligation
LongTermDebtAndCapitalLeaseObligation
15395000000
CY2013Q4 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2381000000
CY2013Q4 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
3239000000
CY2014Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2982000000
mdlz Spin Off Costs
SpinOffCosts
1200000000
us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
278000000
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.19
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1048688 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
12406792 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.41
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
-0.022 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
-0.021 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.31
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.025 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.163 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.011 pure
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
15000000 shares
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6410000000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
25.63
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
5350073 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0194 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.005 pure
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.29
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
5231437 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0115 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.008 pure
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.91
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
18.82
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
23.86
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
23.23
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1789000000 shares
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.21
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.30
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2190776 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
27.21
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.90
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2036 pure
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7000000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
7185616 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1774000000 shares
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
94000000
CY2013 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
607000000
CY2013 us-gaap Gross Profit
GrossProfit
13110000000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3191000000
CY2013 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
8000000
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7559000000
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
943000000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-223000000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-223000000
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-1080000000
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-492000000
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
54000000
CY2013 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
-11000000
CY2013 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
256000000
CY2013 us-gaap Profit Loss
ProfitLoss
3935000000
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
42000000
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
116000000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
119000000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
3971000000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3692000000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
713000000
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-981000000
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1579000000
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1603000000
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
760000000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2392000000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
14000000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
131000000
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2900000000
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-244000000
CY2013 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
13000000
CY2013 us-gaap Goodwill Other Changes
GoodwillOtherChanges
3000000
CY2013 us-gaap Revenues
Revenues
35299000000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1622000000
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
19000000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
3915000000
CY2013 us-gaap Interest Paid
InterestPaid
1150000000
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
169000000
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
193000000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-799000000
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2332000000
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-608000000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3712000000
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
97000000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-64000000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-93000000
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
471000000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8679000000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
145000000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
7000000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
22000000
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-386000000
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
1017000000
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2900000000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
217000000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1853000000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-189000000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60000000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1483000000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-72000000
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
86000000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-489000000
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
22189000000
CY2013 us-gaap Depreciation
Depreciation
860000000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1077000000
CY2013 us-gaap Dividends Cash
DividendsCash
950000000
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
139000000
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-336000000
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
209000000
CY2013 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-294000000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-36000000
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
613000000
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
132000000
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-13000000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-35000000
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
66000000
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6687000000
CY2013 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
60000000
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CY2013 mdlz Segment Reporting General Corporate Expenses
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CY2013 mdlz Unrecognized Tax Benefits Decrease Currency Other
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CY2013 mdlz Domestic Income Tax Expense Benefit
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CY2013 mdlz Change In Accounting Policy Effect Of Change On Net Revenue
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CY2013 mdlz Intangible Assets Written Off Related To Divested Business Unit
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CY2013 mdlz Benefit From Indemnification Resolution
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CY2013 mdlz Effective Income Tax Rate Reconciliation Reversal Of Other Tax Accruals No Longer Required
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CY2013 mdlz Cash Received From Transferred To Related To Spinoff
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CY2014 us-gaap Earnings Per Share Diluted
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1.28
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20.85
CY2014 dei Document Type
DocumentType
10-K
CY2014 us-gaap Multiemployer Plans Funding Improvement Plan And Rehabilitation Plan
MultiemployerPlansFundingImprovementPlanAndRehabilitationPlan
Implemented
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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CY2014 dei Entity Registrant Name
EntityRegistrantName
Mondelez International, Inc.
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Trading Symbol
TradingSymbol
MDLZ
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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6.60
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Concentration Risk Customer
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No single customer accounted for 10% or more of our net revenues from continuing operations in 2014
CY2014 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
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Bakery and Confectionery Union and Industry International Pension Fund
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0.138 pure
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0.015 pure
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2014 us-gaap Use Of Estimates
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<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"> <i>Use of Estimates:</i></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"> We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (&#x201C;U.S. GAAP&#x201D;), which require us to make estimates and assumptions that affect a number of amounts in our consolidated financial statements. Significant accounting policy elections, estimates and assumptions include, among others, pension and benefit plan assumptions, valuation assumptions of goodwill and intangible assets, useful lives of long-lived assets, restructuring program liabilities, marketing program accruals, insurance and self-insurance reserves and income taxes. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements.</p> </div>
CY2014 dei Document Period End Date
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2014-12-31
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0.003 pure
CY2014 us-gaap Fiscal Period
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<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"> <i>Accounting Calendar Change:</i></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"> In connection with moving toward a common consolidation date across the Company, in the first quarter of 2013, we changed the consolidation date for our Europe segment, from predominantly the last Saturday of each period to the last calendar day of each period. The change had a favorable impact of $37 million on net revenues and $6 million on operating income in 2013.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"> At this time, the majority of our operating subsidiaries report results as of the last calendar day of the period except for our North America segment. The North America segment reported results as of the last Saturday of the period and beginning in the first quarter of 2015, reports results as of the last calendar day of the period.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"> We believe these changes to a common consolidation date are preferable and will improve business planning and financial reporting by better matching the close dates of the operating subsidiaries and bringing the reporting dates closer to the period-end date. As the effect to prior-period results was not material, we have not revised the prior-period results.</p> </div>
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28.14
CY2014 dei Amendment Flag
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false
CY2014 dei Current Fiscal Year End Date
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--12-31
CY2014 dei Document Fiscal Year Focus
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2014
CY2014 dei Entity Tax Identification Number
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526118572
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CY2014 us-gaap Multiemployer Plans Certified Zone Status
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Red
CY2014 us-gaap Earnings Per Share Basic
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1.29
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1.29
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2016-02-29
CY2014 us-gaap Multiemployer Plans Surcharge
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CY2014 dei Entity Central Index Key
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CY2014 dei Document Fiscal Period Focus
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FY
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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8600000 shares
CY2014 us-gaap Number Of Reportable Segments
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5 Segment
CY2014 us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt"> <i>Reclassifications:</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"> Certain amounts previously reported have been reclassified to conform to the current-year presentation. At December&#xA0;31, 2014, we elected to net certain regional banking activity with a legal right of offset and have reflected the change in the prior periods presented in the consolidated statements of cash flows and prior-year cash, debt and weighted-average interest rates on our debt. During 2014, we realigned some of our products across our product categories. As a result, we have reclassified prior year product category revenues in Note 17, <i>Segment Reporting,</i> on a consistent basis. We have adjusted the presentation of certain commodity contracts in our economic hedge table to remove the impact of intercompany sales related to forward contracts for which we have taken physical delivery. We have reflected the change in the prior periods presented in Note 9, <i>Financial Instruments&#x2014;Economic Hedges</i>, on a consistent basis. We have also provided greater detail on prior-year receivables and deferred taxes consistent with the current year presentation.</p> </div>
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CY2014 dei Entity Current Reporting Status
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Yes
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