---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-097820"
form_type: "8-K"
ticker: "MDLZ"
cik: "0001103982"
company_name: "Mondelez International, Inc."
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:28:17.116260+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-097820
- form_type: 8-K
- ticker: MDLZ
- cik: 0001103982
- company_name: Mondelez International, Inc.
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1103982/000119312523097820/0001193125-23-097820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1103982/000119312523097820/d476854d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-097820
- JSON: https://secwatch.observer/filing/0001193125-23-097820.json
- Plain text: https://secwatch.observer/filing/0001193125-23-097820.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.