Stock Analysis on Net
Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Mondelēz International Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Short-term borrowings 3.76 3.71 2.34 2.78 0.10 2.06 1.15 0.33 0.59 1.72 3.02 3.38 3.23 2.58 0.92 0.89 0.32 0.35 0.10 1.02
Current portion of long-term debt 1.81 2.16 1.56 2.65 2.94 2.52 3.80 2.61 2.94 3.32 1.25 1.63 0.54 0.15 1.13 1.11 2.60 3.06 2.87 2.86
Accounts payable 14.18 14.04 14.05 14.39 13.77 12.62 11.45 11.10 11.66 10.81 10.75 10.83 10.63 9.89 10.28 10.65 10.03 9.63 9.59 9.60
Accrued marketing 3.90 3.71 3.41 3.91 3.73 3.77 3.37 3.60 3.76 3.82 3.50 3.67 3.33 3.32 3.26 3.34 3.13 2.99 2.96 3.22
Accrued employment costs 1.40 1.34 1.18 1.12 1.35 1.25 1.15 1.20 1.62 1.47 1.13 1.08 1.33 1.22 1.10 1.06 1.23 1.17 1.12 1.01
Other current liabilities 5.53 5.18 5.46 5.61 6.64 6.97 9.78 13.74 6.07 5.58 5.34 4.87 4.45 3.90 3.88 3.69 3.57 3.98 4.56 4.22
Current liabilities 30.58% 30.15% 28.00% 30.47% 28.54% 29.19% 30.69% 32.58% 26.63% 26.72% 24.99% 25.46% 23.51% 21.05% 20.57% 20.74% 20.88% 21.18% 21.19% 21.93%
Long-term debt, excluding current portion 24.09 24.01 25.51 22.92 22.87 22.85 22.08 21.62 23.65 23.16 25.20 25.49 28.46 29.12 27.06 26.98 26.16 26.28 25.64 25.56
Long-term operating lease liabilities 0.84 0.86 0.87 0.90 0.91 0.86 0.67 0.65 0.75 0.66 0.68 0.70 0.72 0.77 0.74 0.75 0.68 0.71 0.74 0.67
Deferred income taxes 4.94 4.84 5.00 4.97 5.00 4.74 4.58 4.39 4.61 4.86 4.89 5.01 4.83 5.00 5.42 5.18 5.13 5.03 5.17 5.05
Accrued pension costs 0.59 0.50 0.53 0.53 0.57 0.51 0.51 0.51 0.61 0.50 0.52 0.53 0.57 0.79 0.90 0.95 1.02 1.57 1.71 1.75
Accrued postretirement health care costs 0.10 0.13 0.14 0.14 0.14 0.17 0.17 0.16 0.17 0.30 0.30 0.29 0.30 0.43 0.45 0.45 0.45 0.51 0.52 0.52
Other liabilities 2.64 2.76 3.00 2.61 2.61 3.04 3.38 3.36 3.83 3.50 3.60 3.67 3.78 3.65 3.13 3.46 3.47 3.49 3.49 3.59
Noncurrent liabilities 33.20% 33.10% 35.05% 32.06% 32.10% 32.17% 31.39% 30.69% 33.63% 32.97% 35.19% 35.70% 38.66% 39.75% 37.69% 37.76% 36.91% 37.59% 37.26% 37.15%
Total liabilities 63.78% 63.24% 63.04% 62.54% 60.64% 61.36% 62.08% 63.27% 60.27% 59.70% 60.18% 61.15% 62.17% 60.80% 58.26% 58.50% 57.78% 58.77% 58.45% 59.08%
Common Stock, no par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 45.21 45.26 45.45 46.76 47.12 44.66 44.05 41.43 45.13 45.41 44.63 44.12 45.17 47.20 48.60 47.14 47.84 47.63 48.20 48.24
Retained earnings 50.94 51.00 51.10 52.61 53.25 48.94 48.03 45.18 47.96 47.79 46.45 45.39 44.24 46.21 47.61 45.83 45.92 45.02 44.43 43.56
Accumulated other comprehensive losses -15.90 -16.07 -16.28 -17.38 -18.21 -16.04 -15.75 -14.34 -15.33 -15.85 -14.87 -14.86 -15.38 -16.51 -16.11 -15.33 -15.83 -16.20 -15.90 -16.20
Treasury stock, at cost -44.11 -43.51 -43.39 -44.59 -42.85 -38.98 -38.45 -35.59 -38.06 -37.09 -36.44 -35.87 -36.25 -37.75 -38.43 -36.22 -35.79 -35.31 -35.30 -34.80
Total Mondelēz International shareholders’ equity 36.14% 36.68% 36.88% 37.41% 39.32% 38.58% 37.88% 36.69% 39.69% 40.27% 39.77% 38.78% 37.78% 39.16% 41.67% 41.42% 42.13% 41.15% 41.43% 40.81%
Noncontrolling interest 0.07 0.07 0.08 0.06 0.04 0.05 0.04 0.04 0.05 0.04 0.04 0.06 0.05 0.04 0.06 0.08 0.08 0.08 0.12 0.11
Total equity 36.22% 36.76% 36.96% 37.46% 39.36% 38.64% 37.92% 36.73% 39.73% 40.30% 39.82% 38.85% 37.83% 39.20% 41.74% 41.50% 42.22% 41.23% 41.55% 40.92%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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 composition of liabilities and stockholders’ equity for the analyzed entity exhibits several noteworthy trends over the observed period from March 2021 to December 2025. Overall, total liabilities generally increased as a percentage of total liabilities and equity, while stockholders’ equity experienced a corresponding decrease, particularly in the later periods. Fluctuations are observed within individual liability and equity components, indicating shifts in the company’s financing structure.

Short-Term Borrowings
Short-term borrowings demonstrated significant volatility. Initially low, they increased substantially from September 2022, peaking in December 2022, before declining again. By December 2025, the percentage returned to levels comparable to those observed in late 2023, suggesting a pattern of short-term financing utilized to address specific liquidity needs, followed by repayment or refinancing.
Current Liabilities
Current liabilities generally increased throughout the period, with a notable jump in 2022 and reaching a peak in the first quarter of 2024. This increase was driven by several factors, including increases in accounts payable and other current liabilities. A slight decrease is observed in the final quarters, but current liabilities remain elevated compared to earlier periods.
Long-Term Debt
Long-term debt, excluding the current portion, remained relatively stable for much of the period, fluctuating between approximately 23% and 29% of total liabilities and equity. A more pronounced increase occurred in late 2024 and early 2025, indicating a potential reliance on longer-term financing. Long-term operating lease liabilities remained relatively consistent, representing a small but stable portion of the capital structure.
Accounts Payable
Accounts payable consistently represented a significant portion of total liabilities and equity, generally increasing from around 9.6% in early 2021 to over 14% by December 2025. This suggests a potential increase in reliance on trade credit or changes in payment terms with suppliers.
Accrued Expenses
Accrued marketing and employment costs exhibited a gradual upward trend throughout the period, though not as dramatic as accounts payable. Other current liabilities showed a more substantial increase, particularly in 2024, contributing to the overall rise in current liabilities. These increases may reflect growing operational expenses or changes in accounting practices.
Stockholders’ Equity
Total stockholders’ equity decreased as a percentage of total liabilities and equity, particularly after 2022. This decline was driven by changes in several equity components. Accumulated other comprehensive losses remained consistently negative, contributing to the reduction in total equity. Treasury stock also consistently represented a significant negative portion of equity, and its percentage increased over time. While retained earnings remained positive, its growth did not fully offset the negative impacts of other equity accounts. Additional paid-in capital remained relatively stable.

In summary, the entity experienced a shift in its capital structure, with a growing reliance on both short-term and long-term debt financing, coupled with a decrease in stockholders’ equity. The increases in accounts payable and other accrued liabilities suggest potential changes in operational practices or increased business activity. The trends observed warrant further investigation into the underlying drivers of these changes and their potential impact on the entity’s financial health.

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