secwatch.observer — SEC 8-K summary
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Issuer:     Mondelez International, Inc. (MDLZ)
CIK:        0001103982
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001103982-24-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mondelēz recasts non-GAAP results for JDEP partial sale and gum business divestiture
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- Partial sale of JDEP: options exercised on 2.2M shares; ownership fell from 18.1% to 17.7%; proceeds €57M ($62M), loss of €3M ($4M).
- Sale of developed market gum business on Oct 1 & 23, 2023, for net cash proceeds of $1.4 billion.
- Non-GAAP historical results recast for 2021-2023 to remove JDEP partial sale and gum business; GAAP results unchanged.
- Recast non-GAAP diluted EPS for Q3 2023 is $0.77 vs reported GAAP $0.72 per the filing table.
- Mondelēz retains significant influence and two board seats at JDEP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103982/000110398224000010/0001103982-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103982/000110398224000010/mdlz-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001103982-24-000010

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