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.

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

US$ in millions

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Short-term borrowings	1,664)	1,914)	71)	1,484)	838)	259)	420)	1,221)	2,178)	2,461)	2,299)	1,753)	605)	606)	216)	234)	64)	674)	29)	199)	2,755)	4,764)
Current portion of long-term debt	1,107)	1,828)	2,014)	1,821)	2,774)	2,024)	2,101)	2,354)	901)	1,185)	383)	100)	746)	754)	1,746)	2,061)	1,905)	1,895)	2,741)	999)	945)	1,672)
Accounts payable	9,975)	9,921)	9,433)	9,110)	8,370)	8,618)	8,321)	7,658)	7,740)	7,885)	7,562)	6,726)	6,787)	7,241)	6,730)	6,484)	6,375)	6,372)	6,209)	5,597)	5,466)	5,554)
Accrued marketing	2,423)	2,697)	2,558)	2,721)	2,463)	2,791)	2,683)	2,704)	2,521)	2,668)	2,370)	2,258)	2,151)	2,272)	2,097)	2,012)	1,966)	2,136)	2,130)	2,028)	1,804)	1,848)
Accrued employment costs	836)	774)	928)	905)	838)	928)	1,158)	1,043)	816)	785)	949)	829)	729)	721)	822)	788)	743)	670)	834)	760)	639)	573)
Other current liabilities	3,878)	3,869)	4,545)	5,032)	7,147)	10,668)	4,330)	3,956)	3,846)	3,547)	3,168)	2,655)	2,560)	2,509)	2,397)	2,680)	3,032)	2,803)	3,216)	3,102)	2,930)	2,593)
Current liabilities	19,883)	21,003)	19,549)	21,073)	22,430)	25,288)	19,013)	18,936)	18,002)	18,531)	16,731)	14,321)	13,578)	14,103)	14,008)	14,259)	14,085)	14,550)	15,159)	12,685)	14,539)	17,004)
Long-term debt, excluding current portion	18,116)	15,796)	15,664)	16,499)	16,141)	16,781)	16,887)	16,411)	18,147)	18,556)	20,251)	19,811)	17,861)	18,344)	17,550)	17,692)	17,046)	16,961)	17,276)	18,916)	16,004)	13,354)
Long-term operating lease liabilities	618)	617)	623)	621)	492)	504)	537)	466)	492)	508)	514)	523)	489)	508)	459)	476)	489)	447)	470)	484)	479)	433)
Deferred income taxes	3,550)	3,429)	3,425)	3,423)	3,349)	3,408)	3,292)	3,444)	3,525)	3,648)	3,437)	3,401)	3,580)	3,521)	3,444)	3,388)	3,436)	3,353)	3,346)	3,387)	3,383)	3,308)
Accrued pension costs	375)	366)	391)	368)	373)	395)	437)	352)	374)	387)	403)	537)	591)	645)	681)	1,059)	1,135)	1,161)	1,257)	1,115)	1,108)	1,110)
Accrued postretirement health care costs	98)	95)	98)	125)	122)	125)	124)	212)	213)	214)	217)	291)	299)	304)	301)	341)	346)	345)	346)	373)	371)	376)
Other liabilities	2,133)	1,798)	1,789)	2,191)	2,471)	2,609)	2,735)	2,479)	2,593)	2,668)	2,688)	2,482)	2,063)	2,353)	2,326)	2,348)	2,320)	2,383)	2,302)	2,261)	2,213)	2,261)
Noncurrent liabilities	24,890)	22,101)	21,990)	23,227)	22,948)	23,822)	24,012)	23,364)	25,344)	25,981)	27,510)	27,045)	24,883)	25,675)	24,761)	25,304)	24,772)	24,650)	24,997)	26,536)	23,558)	20,842)
Total liabilities	44,773)	43,104)	41,539)	44,300)	45,378)	49,110)	43,025)	42,300)	43,346)	44,512)	44,241)	41,366)	38,461)	39,778)	38,769)	39,563)	38,857)	39,200)	40,156)	39,221)	38,097)	37,846)
Common Stock, no par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Additional paid-in capital	32,280)	32,233)	32,276)	32,244)	32,200)	32,163)	32,216)	32,181)	32,148)	32,112)	32,143)	32,116)	32,086)	32,053)	32,097)	32,066)	32,042)	32,009)	32,070)	32,054)	32,022)	31,990)
Retained earnings	36,293)	36,263)	36,476)	35,331)	35,108)	35,074)	34,236)	33,866)	33,458)	33,040)	31,481)	31,437)	31,431)	31,163)	30,806)	30,305)	29,538)	28,903)	28,402)	27,702)	27,040)	26,961)
Accumulated other comprehensive losses	(11,561)	(11,979)	(12,471)	(11,579)	(11,515)	(11,132)	(10,946)	(11,232)	(10,710)	(10,814)	(10,947)	(11,231)	(10,638)	(10,425)	(10,624)	(10,904)	(10,572)	(10,746)	(10,690)	(11,255)	(11,419)	(11,625)
Treasury stock, at cost	(30,819)	(30,732)	(29,349)	(28,142)	(28,104)	(27,623)	(27,174)	(26,280)	(26,249)	(26,110)	(25,794)	(25,681)	(25,368)	(24,630)	(24,010)	(23,769)	(23,465)	(23,091)	(22,204)	(21,558)	(21,625)	(21,652)
Total Mondelēz International shareholders’ equity	26,193)	25,785)	26,932)	27,854)	27,689)	28,482)	28,332)	28,535)	28,647)	28,228)	26,883)	26,641)	27,511)	28,161)	28,269)	27,698)	27,543)	27,075)	27,578)	26,943)	26,018)	25,674)
Noncontrolling interest	54)	38)	26)	37)	29)	32)	34)	25)	32)	46)	37)	29)	42)	55)	54)	56)	77)	74)	76)	85)	79)	78)
Total equity	26,247)	25,823)	26,958)	27,891)	27,718)	28,514)	28,366)	28,560)	28,679)	28,274)	26,920)	26,670)	27,553)	28,216)	28,323)	27,754)	27,620)	27,149)	27,654)	27,028)	26,097)	25,752)
Total liabilities and equity	71,020)	68,927)	68,497)	72,191)	73,096)	77,624)	71,391)	70,860)	72,025)	72,786)	71,161)	68,036)	66,014)	67,994)	67,092)	67,317)	66,477)	66,349)	67,810)	66,249)	64,194)	63,598)

The quarterly financial data reveals several trends and patterns in the liabilities, equity, and key financial components over the observed periods.

Short-term Borrowings: The short-term borrowings show significant volatility across the periods. Starting at $4,764 million in Mar 2020, the value declines sharply to as low as $29 million by Dec 2020, then fluctuates again, reaching peaks above $2,000 million in late 2022 and late 2023, before fluctuating near $1,500 million and lower towards June 2025. This indicates variability in short-term financing needs or refinancing activities.
Current Portion of Long-term Debt: This component shows large fluctuations with multiple peaks and troughs. From $1,672 million in Mar 2020, it peaks at $2,741 million by Dec 2020, drops considerably by Dec 2022, then rises sharply again with values above $2,000 million in late 2023 and 2024, before declining by June 2025. Such movements suggest varying debt maturities scheduled to be paid within one year, reflecting refinancing or repayment activity.
Accounts Payable: Accounts payable exhibit a generally upward trend, increasing steadily from $5,554 million in Mar 2020 to nearly $10,000 million by June 2025. Despite some fluctuations, the consistent rise indicates increasing short-term obligations to suppliers or accrued expenses over time.
Accrued Marketing: The accrued marketing expenses show moderate increases and some variability, moving from approximately $1,848 million in early 2020 to oscillating around $2,500 million to $2,700 million by mid-2025. Peaks and troughs suggest seasonality or changes in marketing spending.
Accrued Employment Costs: Accrued employment costs increased from $573 million in early 2020 to a peak of over $1,150 million during 2023, followed by some fluctuations and a tapering towards $836 million by mid-2025. This pattern may reflect growth in employee-related liabilities such as bonuses or benefits, with periodic settlements.
Other Current Liabilities: The 'Other Current Liabilities' category presents a sharp spike starting in 2024, rising from typical values around $2,500 to $4,300 million, then dramatically peaking above $10,600 million in early 2024, and subsequently decreasing but still remaining elevated compared to previous years. This anomaly suggests a significant one-time event or reclassification affecting current liabilities.
Current Liabilities (Total): Total current liabilities display variability with an overall upward movement. The figure moved between approximately $12,600 million and $19,000 million in 2020-2023, before a notable surge to over $25,000 million early in 2024, then gradually declining towards $19,800 million by mid-2025. This pattern aligns with the changes in 'Other Current Liabilities' and fluctuating short-term debt levels.
Long-term Debt (Excluding Current Portion): This liability steadily increased from $13,354 million in early 2020 to approximately $20,251 million in late 2022, followed by a decline into 2023 and mixed fluctuations closer to $18,000 million in mid-2025. The gradual growth with interruptions may signal new long-term borrowings offset by repayments or refinancing strategies.
Long-term Operating Lease Liabilities: These liabilities remained relatively stable, fluctuating mildly between $433 million and $623 million across all periods, indicating consistent lease obligations without major changes or revaluations.
Deferred Income Taxes: Deferred income taxes show minor variations around $3,300 to $3,600 million, reflecting relatively stable timing differences in tax liabilities without significant shifts.
Accrued Pension and Postretirement Health Care Costs: Accrued pension costs generally decreased from $1,110 million in early 2020 to nearer $350-400 million in 2023-2025, indicating possible funding or actuarial changes reducing these obligations. Similarly, accrued postretirement healthcare costs declined steadily from $376 million to below $100 million, suggesting benefit plan adjustments or settlements.
Other Liabilities and Noncurrent Liabilities: Other liabilities remained relatively consistent but showed a moderate decrease in later years. Noncurrent liabilities mirror long-term debt fluctuations, hovering around $21,000 million to $27,000 million with some declines post-2021, reflecting overall liability management.
Total Liabilities: Total liabilities maintain a broad range mostly between $38,000 million and $44,000 million through 2020-2023, with a notable jump to over $49,000 million in early 2024, followed by reductions nearing $43,000 million through mid-2025. This suggests episodic borrowing or liability recognition events impacting the balance sheet.
Shareholders’ Equity: Total shareholders’ equity fluctuated mildly but remained within the $25,000 to $29,000 million band. Retained earnings increased steadily, indicating accumulation of profits over time. Treasury stock values increased in absolute magnitude, indicating ongoing stock repurchases. Accumulated other comprehensive losses remained negative and tended to deepen slightly over time, impacting equity levels.
Total Equity and Total Liabilities & Equity: Total equity shows small fluctuations but no dramatic trends, remaining near $25,000 to $28,000 million. Total liabilities and equity rose gradually from approximately $63,500 million in early 2020 to peaks above $77,000 million in early 2024, before settling back near $71,000 million by mid-2025. The overall growth corresponds with asset increases funded by liabilities and equity.

In summary, the data reveals a pattern of increasing accounts payable and retained earnings, fluctuating short-term borrowings and current liabilities, and periodic long-term debt adjustments. The significant spike in other current liabilities around 2024 may require further investigation. Overall, the company appears to actively manage its liabilities and equity, with consistent profit retention and strategic capital structure changes over the periods analyzed.

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Mondelēz International Inc. (NASDAQ:MDLZ)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data