secwatch.observer — SEC 8-K summary
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Issuer:     Mondelez International, Inc. (MDLZ)
CIK:        0001103982
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001103982-23-000055
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mondelez recasts non-GAAP results for partial JDEP sale; removes equity earnings from Adjusted EPS
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- Sold 7.7M JDEP shares on Apr 3, 2023, for €198M ($217M) cash; ownership reduced from 19.7% to 18.1%.
- Partial sale treated as divestiture in non-GAAP; recasts historical Adjusted EPS for 2021-2023 periods.
- No change to reported GAAP net earnings or EPS; only non-GAAP Adjusted EPS affected.
- Recast FY 2022 Adjusted EPS $2.87, FY 2021 $2.77, H1 2023 $1.64.
- No guidance change or new business update; only supplemental disclosure for comparability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103982/000110398223000055/0001103982-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103982/000110398223000055/mdlz-20231010.htm
  HTML page:      https://secwatch.observer/filing/0001103982-23-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer