Mondelez 2014 Annual Report Download - page 37
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Table of Contents
34
(4) Refer to Note 7,
Integration Program and Cost Savings Initiatives
, for information on our Cadbury acquisition integration program and Note 2,
Divestitures and Acquisitions
, for other integration charges associated with our acquisition of a biscuit operation in our EEMEA segment.
(5) Represents interest expense associated with the assumed reduction of $6 billion of our debt on January 1, 2011 from the utilization of funds
received from the $6 billion of notes Kraft Foods Group, Inc. issued in 2012 in connection with our Spin-Off capitalization plan. Note that during the
year ended December 31, 2012, a portion of the $6 billion of debt was retired. As such, we adjusted interest expense during this period as if this
debt had been repaid on January 1, 2012 to ensure consistency of our assumption and related results.
(6) Represents the estimated annual benefit plan expense associated with certain benefit plan obligations transferred to Kraft Foods Group, Inc. in the
Spin-Off.
(7) In 2012, we recorded $52 million of impairment charges related to a trademark on a Japanese chewing gum product within our Asia Pacific
segment.
(8) Excludes the favorable currency impact on interest expense related to our non-U.S. denominated debt, the change in interest expense included in
Spin-Off Costs and the change in interest expense associated with the assumed reduction of $6 billion of our debt on January 1, 2012 from the
utilization of funds received from the $6 billion of notes Kraft Foods Group, Inc. issued directly and cash proceeds distributed to us in June 2012 in
connection with our Spin-Off capitalization plan.
(9) Refer to Note 12,
Stock Plans
, and Note 13,
Capital Stock
, for more information on our equity compensation programs and share repurchase
program and Note 16, Earnings Per Share , for earnings per share weighted-average share information.
(10)
Refer to Note 15,
Income Taxes
, for more information on the change in our income taxes and effective tax rate.
(11) Refer to Note 8,
Debt and Borrowing Arrangements
, for more information on our loss on debt extinguishment and related expenses in connection
with our debt tender offer in December 2013.
(12) Refer to Note 11,
Commitments and Contingencies
, for more information on the benefit related to the resolution of a Cadbury acquisition
indemnification in 2013.
(13) Refer to Note 1,
Summary of Significant Accounting Policies
—
Currency Translation and Highly Inflationary Accounting
, for more information on the
remeasurement of net monetary assets in Venezuela in 2013.