Mondelez recasts non-GAAP results after KDP share sale, removing equity method earnings

Mondelez International, Inc.

Sold 30M KDP shares on March 2, 2023 for ~$1.0B, recording ~$500M gain.
Ownership in KDP reduced from 5.3% to 3.2%, triggering change to marketable securities accounting.
Historical non-GAAP adjusted EPS recast for 2020-2022 to remove KDP equity method earnings.
Recast non-GAAP diluted EPS for FY2022: $2.89 vs prior reported $2.95.
No change to GAAP results; recast affects only non-GAAP measures.

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