Analysis of Debt

Mondelēz International Inc., balance sheet: debt

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Short-term borrowings	420)	2,299)	216)	29)	2,638)
Current portion of long-term debt	2,101)	383)	1,746)	2,741)	1,581)
Long-term debt, excluding current portion	16,887)	20,251)	17,550)	17,276)	14,207)
Total debt (carrying amount)	19,408)	22,933)	19,512)	20,046)	18,426)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Mondelēz International Inc. total debt increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

	Dec 31, 2023
Selected Financial Data (US$ in millions)
Total debt (fair value)	17,506)
Financial Ratio
Debt, fair value to carrying amount ratio	0.90

Weighted-average effective interest rate on debt: 2.19%

Interest rate	Debt amount¹	Interest rate × Debt amount
5.50%	346)	19)
17.20%	74)	13)
3.02%	9,562)	289)
0.71%	7,916)	56)
4.15%	333)	14)
0.91%	386)	4)
3.38%	452)	15)
5.00%	336)	17)
Total	19,405)	426)
2.19%

¹ US$ in millions

² Weighted-average interest rate = 100 × 426 ÷ 19,405 = 2.19%

Mondelēz International Inc. (NASDAQ:MDLZ)