MDLZMondelez International
Mondelēz International’s purpose is to empower people to snack right. 10-K, Item 1
- Employees
- 91,000
- Headquarters
- Chicago, IL
- CEO
- de Put Dirk Van
- Next results
- around Feb 2, 2027
6 paragraphs in Risk Factors of the 10-K filed Feb 4, 2026 with nothing like them in the 10-K filed Feb 5, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 31 Consumer staples companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
ways that are hard to predict. Failure to offer, effectively promote and deliver products that appeal to consumers or to correctly judge consumer demand for our products will impact our ability to meet our growth targets, and our sales and market share could decrease and our profitability could suffer.
Read in the 10-K ↗
With respect to acquisitions and joint ventures in particular, we are also exposed to potential risks based on our ability to conform standards, controls, policies and procedures, and business cultures; consolidate and streamline
Read in the 10-K ↗
same negative impacts, as well as expose us to government enforcement actions, fines and private litigation. Even if we achieve our goals, targets and objectives, we may not realize all of the benefits that we expected at the time they were established.
Changes in weather patterns around the globe, including as a result of climate change, expose us to physical and transition risks.
Read in the 10-K ↗
direct-to-consumer and electronic business-to-business, may adversely affect our relationships with our large retail and wholesale customers.
Read in the 10-K ↗
We must address changes in, and that affect, our workforce and satisfy the legal requirements associated with how we manage and compensate our employees. This includes our management of employees represented by labor unions or workers’ councils, who represent approximately 56% of our 79,000 employees outside the United States
Read in the 10-K ↗
New in the latest 10-Q
14 paragraphs in the 10-Q filed Oct 29, 2026 with nothing like them in the 10-Q filed Jul 28, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
On October 29, 2026, we announced that we signed an agreement to acquire a majority stake in Undercover Chocolate Company, Inc. and Undercover Ingredients LLC ("Undercover Snacks"), U.S.-based affiliated companies making and selling snacks made from simple, better-for-you ingredients. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in the first quarter of 2027.
Read in the 10-Q ↗
There were no impairments of goodwill during the three and nine months ended September 30, 2026 and 2025.
Read in the 10-Q ↗
During the fourth quarter of 2024, we sold our remaining 85.9 million shares in JDE Peet’s N.V. (“JDEP”) to JAB Holding Company (“JAB”) and fully exited the investment. On August 24, 2025, Keurig Dr Pepper Inc. (“KDP”) and JDEP entered into a definitive agreement under which KDP would acquire JDEP. As a result of that definitive agreement, we became entitled to a cash payment of € 145 million ($ 169 million) from JAB related to our previously held equity investment in JDEP that we received in the third quarter of 2025. The related gain is reported within gain/(loss) on equity method investment transactions in the condensed consolidated statements of earnings for the three and nine months ended September 30, 2025.
Read in the 10-Q ↗
As of September 30, 2026 As of December 31, 2025 Amount Weighted- Amount Weighted-
Read in the 10-Q ↗
(1)Repaid by Mondelez International Holdings Netherlands B.V., a wholly owned Dutch subsidiary of Mondelēz International, Inc.
Read in the 10-Q ↗
(1)Repaid by Mondelez International Holdings Netherlands B.V., a wholly owned Dutch subsidiary of Mondelēz International, Inc.
Read in the 10-Q ↗
As of September 30, 2026 As of December 31, 2025 Asset Liability Asset Liability
Read in the 10-Q ↗
(Level 2) (Level 3) (in millions) Foreign currency contracts $ (318) $ — $ (318) $ Commodity contracts (502) (188) (314) — Interest rate contracts (2) — (2) — Cross-currency swap contracts (132) — (132) — Total derivatives $ (954) $ (188) $ (766) $
Read in the 10-Q ↗
Mondelez Canada Inc. - Trusteed Hourly Retirement Plan and Retirement Plan Settlement
Read in the 10-Q ↗
During the quarter ended September 30, 2026, we completed the implementation of the new ERP system for our North America and Latin America segments, which was the first phase of our multi-phase global ERP implementation program. The new ERP systems for our remaining segments continue to be implemented in future phases, with expected completion by year-end 2028. Refer to Non-GAAP financial measures for additional information.
Read in the 10-Q ↗
Intangible asset impairment charges - Reflects non-cash impairments of certain of our brands in connection with our indefinite-life intangible asset impairment testing.
Read in the 10-Q ↗
Resolution of tax matters - Consists of the reversals and settlements of unusual and significant indirect tax matters. Due to the unique nature of these resolutions, we believe it to be infrequent and therefore exclude it from our non-GAAP earnings measures to better facilitate comparisons of our underlying operating performance across periods.
Read in the 10-Q ↗
Controls and procedures
During the quarter ended September 30, 2026, we completed the implementation of a new ERP system for our North America and Latin America segments, which was the first phase of our ERP System Implementation described in Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations. The implementation was subject to various testing and review procedures prior to and after execution and we will continue to monitor and evaluate the ERP system and related controls during the post-implementation period. In connection with the implementation, we have updated our internal control over financial reporting, as necessary, to accommodate modifications to our business processes and accounting procedures. Management does not believe that the implementation has had an adverse effect on our internal control over financial reporting.
Read in the 10-Q ↗
Other information
On September 10, 2026, Gustavo Valle, Executive Vice President and President, North America, adopted a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act (the "10b5-1 Plan"). The 10b5-1 Plan provides for (i) the potential exercise of vested stock options and the associated sale of up to 69,520 shares of common stock and (ii) the sale of up to 15,000 shares of our common stock, in each case over a period ending on August 31, 2027, subject to certain conditions.
Read in the 10-Q ↗
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 29, 2026 against Item 1A of the 10-K filed Feb 4, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
Read in the 10-Q ↗
There were no material changes to the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025.
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Work on MDLZ in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MDLZ/export.csv") into a cell.