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, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Latin America | 10.80% | 10.57% | 10.69% | 9.33% | 7.63% |
| Asia, Middle East and Africa (AMEA) | 16.34% | 15.73% | 13.73% | 16.30% | 14.30% |
| Europe | 15.54% | 15.38% | 12.97% | 18.75% | 17.39% |
| North America | 22.84% | 18.88% | 18.27% | 16.51% | 19.46% |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Latin America | Latin America segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Europe | Europe segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| North America | North America segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Latin America
Mondelēz International Inc.; Latin America; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 532) | 529) | 388) | 261) | 189) |
| Net revenues | 4,926) | 5,006) | 3,629) | 2,797) | 2,477) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 10.80% | 10.57% | 10.69% | 9.33% | 7.63% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net revenues
= 100 × 532 ÷ 4,926 = 10.80%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Latin America | Latin America segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Profit Margin: Asia, Middle East and Africa (AMEA)
Mondelēz International Inc.; Asia, Middle East and Africa (AMEA); segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 1,192) | 1,113) | 929) | 1,054) | 821) |
| Net revenues | 7,296) | 7,075) | 6,767) | 6,465) | 5,740) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 16.34% | 15.73% | 13.73% | 16.30% | 14.30% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net revenues
= 100 × 1,192 ÷ 7,296 = 16.34%
| 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 improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Europe
Mondelēz International Inc.; Europe; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 2,068) | 1,978) | 1,481) | 2,092) | 1,775) |
| Net revenues | 13,309) | 12,857) | 11,420) | 11,156) | 10,207) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 15.54% | 15.38% | 12.97% | 18.75% | 17.39% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net revenues
= 100 × 2,068 ÷ 13,309 = 15.54%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Europe | Europe segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: North America
Mondelēz International Inc.; North America; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating income | 2,492) | 2,092) | 1,769) | 1,371) | 1,587) |
| Net revenues | 10,910) | 11,078) | 9,680) | 8,302) | 8,157) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 22.84% | 18.88% | 18.27% | 16.51% | 19.46% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net revenues
= 100 × 2,492 ÷ 10,910 = 22.84%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | North America | North America segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation
Mondelēz International Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Latin America | 1.32 | 1.08 | 0.95 | 1.57 | 2.17 |
| Asia, Middle East and Africa (AMEA) | 1.91 | 1.61 | 1.35 | 1.20 | 1.11 |
| Europe | 2.00 | 1.66 | 1.38 | 1.59 | 1.24 |
| North America | 1.64 | 1.69 | 1.41 | 1.24 | 1.12 |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Latin America | Latin America segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Asia, Middle East and Africa (AMEA) | Asia, Middle East and Africa (AMEA) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Europe | Europe segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| North America | North America segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Latin America
Mondelēz International Inc.; Latin America; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 199) | 164) | 106) | 165) | 219) |
| Depreciation expense | 151) | 152) | 111) | 105) | 101) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.32 | 1.08 | 0.95 | 1.57 | 2.17 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation expense
= 199 ÷ 151 = 1.32
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Latin America | Latin America segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
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, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 309) | 249) | 216) | 208) | 177) |
| Depreciation expense | 162) | 155) | 160) | 173) | 159) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.91 | 1.61 | 1.35 | 1.20 | 1.11 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation expense
= 309 ÷ 162 = 1.91
| 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 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Europe
Mondelēz International Inc.; Europe; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 550) | 399) | 335) | 409) | 295) |
| Depreciation expense | 275) | 241) | 242) | 257) | 238) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 2.00 | 1.66 | 1.38 | 1.59 | 1.24 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation expense
= 550 ÷ 275 = 2.00
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Europe | Europe segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: North America
Mondelēz International Inc.; North America; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 291) | 257) | 197) | 183) | 172) |
| Depreciation expense | 177) | 152) | 140) | 148) | 154) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.64 | 1.69 | 1.41 | 1.24 | 1.12 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation expense
= 291 ÷ 177 = 1.64
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | North America | North America segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Net revenues
Mondelēz International Inc., net revenues by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Latin America | 4,926) | 5,006) | 3,629) | 2,797) | 2,477) |
| Asia, Middle East and Africa (AMEA) | 7,296) | 7,075) | 6,767) | 6,465) | 5,740) |
| Europe | 13,309) | 12,857) | 11,420) | 11,156) | 10,207) |
| North America | 10,910) | 11,078) | 9,680) | 8,302) | 8,157) |
| Total | 36,441) | 36,016) | 31,496) | 28,720) | 26,581) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Segment operating income
Mondelēz International Inc., segment operating income by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Latin America | 532) | 529) | 388) | 261) | 189) |
| Asia, Middle East and Africa (AMEA) | 1,192) | 1,113) | 929) | 1,054) | 821) |
| Europe | 2,068) | 1,978) | 1,481) | 2,092) | 1,775) |
| North America | 2,492) | 2,092) | 1,769) | 1,371) | 1,587) |
| Total | 6,284) | 5,712) | 4,567) | 4,778) | 4,372) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Depreciation expense
Mondelēz International Inc., depreciation expense by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Latin America | 151) | 152) | 111) | 105) | 101) |
| Asia, Middle East and Africa (AMEA) | 162) | 155) | 160) | 173) | 159) |
| Europe | 275) | 241) | 242) | 257) | 238) |
| North America | 177) | 152) | 140) | 148) | 154) |
| Corporate | 45) | 41) | 37) | —) | —) |
| Total | 810) | 741) | 690) | 683) | 652) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Capital expenditures
Mondelēz International Inc., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Latin America | 199) | 164) | 106) | 165) | 219) |
| Asia, Middle East and Africa (AMEA) | 309) | 249) | 216) | 208) | 177) |
| Europe | 550) | 399) | 335) | 409) | 295) |
| North America | 291) | 257) | 197) | 183) | 172) |
| Corporate | 38) | 43) | 52) | —) | —) |
| Total | 1,387) | 1,112) | 906) | 965) | 863) |
Based on: 10-K (reporting date: 2024-12-31), 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).