Mondelez 2014 Annual Report Download - page 100

Table of Contents
Amounts reclassified from accumulated other comprehensive earnings / (losses) and their locations in the consolidated financial
statements were as follows:
Note 15. Income Taxes
Earnings / (losses) from continuing operations before income taxes and the provision for income taxes consisted of the following:
97
Location of
Gain / (Loss)
For the Years Ended December 31,
Recognized
2014
2013
in Net Earnings
(in millions)
Pension and other benefits:
Reclassification of losses / (gains) into net earnings:
Amortization of experience losses and prior service costs
(1)
$
132
$
193
Settlement losses
(1)
42
4
Tax impact
(56
)
(50
)
Provision for income
taxes
Derivatives accounted for as hedges:
Reclassification of losses / (gains) into net earnings:
Currency exchange contracts - forecasted transactions
(27
)
28
Cost of sales
Commodity contracts
(21
)
38
Cost of sales
Interest rate contracts
3
6
Interest and other expense, net
Tax impact
6
(19
)
Provision for income
taxes
Total reclassifications into net earnings, net of tax
$
79
$
200
(1)
These items are included in the components of net periodic benefit costs disclosed in Note 10,
Benefit Plans
.
For the Years Ended December 31,
2014
2013
2012
(in millions)
Earnings / (losses) from continuing operations before income
taxes:
United States
$
(135
)
$
(799
)
$
(1,822
)
Outside United States
2,689
3,191
3,596
Total
$
2,554
$
2,392
$
1,774
Provision for income taxes:
United States federal:
Current
$
(125
)
$
(489
)
$
(420
)
Deferred
28
103
(43
)
(97
)
(386
)
(463
)
State and local:
Current
20
(35
)
(17
)
Deferred
11
22
(40
)
31
(13
)
(57
)
Total United States
(66
)
(399
)
(520
)
Outside United States:
Current
644
648
896
Deferred
(225
)
(189
)
(208
)
Total outside United States
419
459
688
Total provision for income taxes
$
353
$
60
$
168