secwatch.observer — SEC 8-K summary
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Issuer:     Mondelez International, Inc. (MDLZ)
CIK:        0001103982
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001193125-23-097820
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103982/000119312523097820/0001193125-23-097820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103982/000119312523097820/d476854d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-097820

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