Mondelēz International Inc., current enterprise value calculation

Current share price (P)	$62.17
No. shares of common stock outstanding	1,293,525,167
US$ in millions
Common equity (market value)¹	80,418)
Add: Noncontrolling interest (per books)	26)
Total equity	80,444)
Add: Short-term borrowings (per books)	71)
Add: Current portion of long-term debt (per books)	2,014)
Add: Long-term debt, excluding current portion (per books)	15,664)
Total equity and debt	98,193)
Less: Cash and cash equivalents	1,351)
Enterprise value (EV)	96,842)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 62.17 × 1,293,525,167

Mondelēz International Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$57.43	$76.87	$65.91	$67.02	$56.21
No. shares of common stock outstanding¹	1,293,525,167	1,346,477,411	1,363,306,849	1,388,328,044	1,412,114,559
US$ in millions
Common equity (market value)³	74,287)	103,504)	89,856)	93,046)	79,375)
Add: Noncontrolling interest (book value)	26)	34)	37)	54)	76)
Total equity	74,313)	103,538)	89,893)	93,100)	79,451)
Add: Short-term borrowings (book value)	71)	420)	2,299)	216)	29)
Add: Current portion of long-term debt (book value)	2,014)	2,101)	383)	1,746)	2,741)
Add: Long-term debt, excluding current portion (book value)	15,664)	16,887)	20,251)	17,550)	17,276)
Total equity and debt	92,062)	122,946)	112,826)	112,612)	99,497)
Less: Cash and cash equivalents	1,351)	1,810)	1,923)	3,546)	3,619)
Enterprise value (EV)	90,711)	121,136)	110,903)	109,066)	95,878)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Mondelēz International Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 57.43 × 1,293,525,167

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Mondelēz International Inc. EV increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Mondelēz International Inc. (NASDAQ:MDLZ)

Enterprise Value (EV)