Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel
Mar 31, 2026 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
Current portion of long-term debt
Accounts payable
Accrued marketing
Accrued employment costs
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Long-term operating lease liabilities
Deferred income taxes
Accrued pension costs
Accrued postretirement health care costs
Other liabilities
Noncurrent liabilities
Total liabilities
Common Stock, no par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive losses
Treasury stock, at cost
Total Mondelēz International shareholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

Based on: 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 capital structure of the organization reveals a general expansion of total liabilities coupled with a moderately declining total equity position over the observed period. Total liabilities increased from 39,200 million USD in March 2021 to 45,318 million USD by March 2026, with a notable peak of 49,110 million USD occurring in March 2024. This growth in liabilities is primarily driven by an increase in current obligations rather than long-term debt.

Current Liabilities and Operational Obligations
Current liabilities demonstrated a significant upward trajectory, rising from 14,550 million USD in March 2021 to 23,501 million USD in March 2026. A primary driver of this trend is the consistent growth in accounts payable, which climbed from 6,372 million USD to 9,744 million USD. A significant volatility spike was observed in other current liabilities, which reached a peak of 10,668 million USD in March 2024 before stabilizing between 3,800 million USD and 4,400 million USD in subsequent periods.
Long-Term Debt and Noncurrent Liabilities
Noncurrent liabilities remained relatively stable, ending the period at 21,817 million USD, slightly lower than the 24,650 million USD reported in March 2021. Long-term debt, excluding the current portion, exhibited a fluctuating pattern, peaking at 20,251 million USD in December 2022 before trending downward to 15,468 million USD by March 2026. This suggests a strategic shift toward reducing long-term leverage or refinancing obligations into shorter-term instruments.
Equity Composition and Shareholder Value
Total equity decreased from 27,149 million USD in March 2021 to 25,804 million USD in March 2026. This decline is not a result of operating losses, as retained earnings showed strong and consistent growth, rising from 28,903 million USD to 36,329 million USD. Instead, the decline in total equity is attributed to an aggressive treasury stock buyback program, with the cost of treasury stock increasing from 23,091 million USD to 31,449 million USD over the period.
Comprehensive Losses and Other Obligations
Accumulated other comprehensive losses remained a significant negative component of equity, fluctuating between 10,425 million USD and 12,471 million USD. Additionally, accrued pension and postretirement health care costs showed a steady downward trend, with pension costs decreasing from 1,161 million USD to 389 million USD and health care costs falling from 345 million USD to 72 million USD, indicating a reduction in long-term employee benefit liabilities.

Overall, the financial profile indicates a strategy of utilizing operational credit and short-term liabilities to fund activities, while simultaneously returning substantial capital to shareholders through share repurchases, which has offset the accumulation of retained earnings.