Common-Size Balance Sheet: Assets
Quarterly Data
Mondelēz International Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The asset structure of the organization is characterized by a high concentration of non-current assets, which consistently represent between 75% and 87% of the total asset base. A significant portion of the balance sheet is composed of intangible assets and goodwill, indicating a business model heavily reliant on brand equity, acquisitions, and intellectual property.
- Current Asset Dynamics
- Current assets have exhibited an overall upward trend in their share of total assets, rising from approximately 13% in early 2021 to roughly 18% by mid-2026. A notable volatility occurred in the first quarter of 2024, where current assets peaked at 25.03%, driven primarily by a sharp temporary increase in other current assets, which surged to 12.46% before normalizing. Trade receivables and inventories have shown a steady increase in their relative weight; trade receivables grew from 4.00% to a range of 5.6% to 6.2% in later periods, while inventories rose from approximately 4% to over 6%, suggesting a higher allocation of capital toward working capital management.
- Fixed and Long-term Assets
- Property, plant, and equipment (PP&E) have maintained a relatively stable footprint, showing a slight expansion from 13.21% in March 2021 to 14.95% by June 2026. Operating lease right-of-use assets remained marginal and stable, hovering around 1%. Deferred income taxes have shown a consistent downward trajectory, declining from 1.09% to 0.26% over the analyzed period.
- Intangibles and Goodwill
- Goodwill and net intangible assets constitute the dominant portion of the asset base. Goodwill has remained remarkably stable, generally fluctuating between 30% and 34%. Similarly, intangible assets have consistently represented approximately 27% to 28% of total assets. Together, these two components account for roughly 60% of the total asset composition, underscoring the company's asset-light physical operational model compared to its brand-heavy valuation.
- Equity Method Investments
- A significant structural shift is observed in equity method investments. This item represented 8.92% of total assets in March 2021 but underwent a precipitous decline, falling below 1% by late 2023 and remaining at that level through June 2026. This trend indicates a strategic divestment or a fundamental change in how the organization manages its strategic partnerships and minority holdings.
Overall, the asset composition reveals a transition toward a slightly higher liquidity profile and a substantial reduction in equity-accounted investments, while maintaining a core reliance on intangible value drivers.
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