Analysis of Reportable Segments
Mondelēz International Inc. operates in 4 segments: Latin America; Asia, Middle East and Africa (AMEA); Europe; and North America.
Segment Profit Margin
Mondelēz International Inc., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 10.57% | 10.69% | 9.33% | 7.63% | 11.30% |
| Asia, Middle East and Africa (AMEA) | 15.73% | 13.73% | 16.30% | 14.30% | 11.98% |
| Europe | 15.38% | 12.97% | 18.75% | 17.39% | 17.37% |
| North America | 18.88% | 18.27% | 16.51% | 19.46% | 20.41% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Latin America | Latin America segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. | |
| Europe | Europe segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| North America | North America segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Latin America
Mondelēz International Inc.; Latin America; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 529) | 388) | 261) | 189) | 341) |
| Net revenues | 5,006) | 3,629) | 2,797) | 2,477) | 3,018) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 10.57% | 10.69% | 9.33% | 7.63% | 11.30% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net revenues
= 100 × 529 ÷ 5,006 = 10.57%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Latin America | Latin America segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Profit Margin: Asia, Middle East and Africa (AMEA)
Mondelēz International Inc.; Asia, Middle East and Africa (AMEA); segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 1,113) | 929) | 1,054) | 821) | 691) |
| Net revenues | 7,075) | 6,767) | 6,465) | 5,740) | 5,770) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 15.73% | 13.73% | 16.30% | 14.30% | 11.98% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net revenues
= 100 × 1,113 ÷ 7,075 = 15.73%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Profit Margin: Europe
Mondelēz International Inc.; Europe; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 1,978) | 1,481) | 2,092) | 1,775) | 1,732) |
| Net revenues | 12,857) | 11,420) | 11,156) | 10,207) | 9,972) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 15.38% | 12.97% | 18.75% | 17.39% | 17.37% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net revenues
= 100 × 1,978 ÷ 12,857 = 15.38%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Europe | Europe segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Profit Margin: North America
Mondelēz International Inc.; North America; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 2,092) | 1,769) | 1,371) | 1,587) | 1,451) |
| Net revenues | 11,078) | 9,680) | 8,302) | 8,157) | 7,108) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 18.88% | 18.27% | 16.51% | 19.46% | 20.41% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net revenues
= 100 × 2,092 ÷ 11,078 = 18.88%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | North America | North America segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Return on Assets (Segment ROA)
Mondelēz International Inc., ROA by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 7.19% | 6.29% | 6.36% | 4.52% | 7.23% |
| Asia, Middle East and Africa (AMEA) | 11.17% | 9.40% | 10.15% | 8.21% | 7.09% |
| Europe | 8.60% | 6.52% | 10.00% | 8.28% | 8.51% |
| North America | 8.19% | 6.65% | 5.88% | 6.81% | 6.71% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Latin America | Latin America segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| Europe | Europe segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. | |
| North America | North America segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Latin America
Mondelēz International Inc.; Latin America; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 529) | 388) | 261) | 189) | 341) |
| Total assets | 7,360) | 6,164) | 4,106) | 4,181) | 4,716) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 7.19% | 6.29% | 6.36% | 4.52% | 7.23% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Segment operating income ÷ Total assets
= 100 × 529 ÷ 7,360 = 7.19%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Latin America | Latin America segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment ROA: Asia, Middle East and Africa (AMEA)
Mondelēz International Inc.; Asia, Middle East and Africa (AMEA); segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 1,113) | 929) | 1,054) | 821) | 691) |
| Total assets | 9,965) | 9,882) | 10,386) | 9,997) | 9,740) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 11.17% | 9.40% | 10.15% | 8.21% | 7.09% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Segment operating income ÷ Total assets
= 100 × 1,113 ÷ 9,965 = 11.17%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment ROA: Europe
Mondelēz International Inc.; Europe; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 1,978) | 1,481) | 2,092) | 1,775) | 1,732) |
| Total assets | 22,990) | 22,713) | 20,927) | 21,442) | 20,354) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 8.60% | 6.52% | 10.00% | 8.28% | 8.51% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Segment operating income ÷ Total assets
= 100 × 1,978 ÷ 22,990 = 8.60%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Europe | Europe segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment ROA: North America
Mondelēz International Inc.; North America; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 2,092) | 1,769) | 1,371) | 1,587) | 1,451) |
| Total assets | 25,557) | 26,603) | 23,321) | 23,297) | 21,637) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 8.19% | 6.65% | 5.88% | 6.81% | 6.71% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Segment operating income ÷ Total assets
= 100 × 2,092 ÷ 25,557 = 8.19%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | North America | North America segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover
Mondelēz International Inc., asset turnover by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 0.68 | 0.59 | 0.68 | 0.59 | 0.64 |
| Asia, Middle East and Africa (AMEA) | 0.71 | 0.68 | 0.62 | 0.57 | 0.59 |
| Europe | 0.56 | 0.50 | 0.53 | 0.48 | 0.49 |
| North America | 0.43 | 0.36 | 0.36 | 0.35 | 0.33 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Latin America | Latin America segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Europe | Europe segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| North America | North America segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Latin America
Mondelēz International Inc.; Latin America; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 5,006) | 3,629) | 2,797) | 2,477) | 3,018) |
| Total assets | 7,360) | 6,164) | 4,106) | 4,181) | 4,716) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.68 | 0.59 | 0.68 | 0.59 | 0.64 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net revenues ÷ Total assets
= 5,006 ÷ 7,360 = 0.68
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Latin America | Latin America segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Asset Turnover: Asia, Middle East and Africa (AMEA)
Mondelēz International Inc.; Asia, Middle East and Africa (AMEA); segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 7,075) | 6,767) | 6,465) | 5,740) | 5,770) |
| Total assets | 9,965) | 9,882) | 10,386) | 9,997) | 9,740) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.71 | 0.68 | 0.62 | 0.57 | 0.59 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net revenues ÷ Total assets
= 7,075 ÷ 9,965 = 0.71
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Europe
Mondelēz International Inc.; Europe; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 12,857) | 11,420) | 11,156) | 10,207) | 9,972) |
| Total assets | 22,990) | 22,713) | 20,927) | 21,442) | 20,354) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.56 | 0.50 | 0.53 | 0.48 | 0.49 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net revenues ÷ Total assets
= 12,857 ÷ 22,990 = 0.56
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Europe | Europe segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Asset Turnover: North America
Mondelēz International Inc.; North America; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 11,078) | 9,680) | 8,302) | 8,157) | 7,108) |
| Total assets | 25,557) | 26,603) | 23,321) | 23,297) | 21,637) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.43 | 0.36 | 0.36 | 0.35 | 0.33 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net revenues ÷ Total assets
= 11,078 ÷ 25,557 = 0.43
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | North America | North America segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation
Mondelēz International Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 1.06 | 0.97 | 1.57 | 2.17 | 1.88 |
| Asia, Middle East and Africa (AMEA) | 1.58 | 1.36 | 1.20 | 1.11 | 1.49 |
| Europe | 1.63 | 1.39 | 1.59 | 1.24 | 1.25 |
| North America | 1.66 | 1.41 | 1.24 | 1.12 | 1.36 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Latin America | Latin America segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Europe | Europe segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| North America | North America segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Latin America
Mondelēz International Inc.; Latin America; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 171) | 113) | 165) | 219) | 197) |
| Depreciation expense | 161) | 117) | 105) | 101) | 105) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.06 | 0.97 | 1.57 | 2.17 | 1.88 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation expense
= 171 ÷ 161 = 1.06
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Latin America | Latin America segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Asia, Middle East and Africa (AMEA)
Mondelēz International Inc.; Asia, Middle East and Africa (AMEA); segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 259) | 229) | 208) | 177) | 244) |
| Depreciation expense | 164) | 169) | 173) | 159) | 164) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.58 | 1.36 | 1.20 | 1.11 | 1.49 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation expense
= 259 ÷ 164 = 1.58
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Europe
Mondelēz International Inc.; Europe; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 415) | 355) | 409) | 295) | 297) |
| Depreciation expense | 255) | 256) | 257) | 238) | 238) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.63 | 1.39 | 1.59 | 1.24 | 1.25 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation expense
= 415 ÷ 255 = 1.63
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Europe | Europe segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Capital Expenditures to Depreciation: North America
Mondelēz International Inc.; North America; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 267) | 209) | 183) | 172) | 187) |
| Depreciation expense | 161) | 148) | 148) | 154) | 138) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.66 | 1.41 | 1.24 | 1.12 | 1.36 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation expense
= 267 ÷ 161 = 1.66
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | North America | North America segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net revenues
Mondelēz International Inc., net revenues by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 5,006) | 3,629) | 2,797) | 2,477) | 3,018) |
| Asia, Middle East and Africa (AMEA) | 7,075) | 6,767) | 6,465) | 5,740) | 5,770) |
| Europe | 12,857) | 11,420) | 11,156) | 10,207) | 9,972) |
| North America | 11,078) | 9,680) | 8,302) | 8,157) | 7,108) |
| Total | 36,016) | 31,496) | 28,720) | 26,581) | 25,868) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Segment operating income
Mondelēz International Inc., segment operating income by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 529) | 388) | 261) | 189) | 341) |
| Asia, Middle East and Africa (AMEA) | 1,113) | 929) | 1,054) | 821) | 691) |
| Europe | 1,978) | 1,481) | 2,092) | 1,775) | 1,732) |
| North America | 2,092) | 1,769) | 1,371) | 1,587) | 1,451) |
| Total | 5,712) | 4,567) | 4,778) | 4,372) | 4,215) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Total assets
Mondelēz International Inc., total assets by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 7,360) | 6,164) | 4,106) | 4,181) | 4,716) |
| Asia, Middle East and Africa (AMEA) | 9,965) | 9,882) | 10,386) | 9,997) | 9,740) |
| Europe | 22,990) | 22,713) | 20,927) | 21,442) | 20,354) |
| North America | 25,557) | 26,603) | 23,321) | 23,297) | 21,637) |
| Equity method investments | 3,242) | 4,879) | 5,289) | 6,036) | 7,212) |
| Unallocated assets and adjustments | 2,277) | 920) | 3,063) | 2,857) | 890) |
| Total | 71,391) | 71,161) | 67,092) | 67,810) | 64,549) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Depreciation expense
Mondelēz International Inc., depreciation expense by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 161) | 117) | 105) | 101) | 105) |
| Asia, Middle East and Africa (AMEA) | 164) | 169) | 173) | 159) | 164) |
| Europe | 255) | 256) | 257) | 238) | 238) |
| North America | 161) | 148) | 148) | 154) | 138) |
| Total | 741) | 690) | 683) | 652) | 645) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Capital expenditures
Mondelēz International Inc., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Latin America | 171) | 113) | 165) | 219) | 197) |
| Asia, Middle East and Africa (AMEA) | 259) | 229) | 208) | 177) | 244) |
| Europe | 415) | 355) | 409) | 295) | 297) |
| North America | 267) | 209) | 183) | 172) | 187) |
| Total | 1,112) | 906) | 965) | 863) | 925) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).