What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to inform investors about Mondelez International's business reorganization and to provide supplemental financial information related to this change. It details the creation of a new reporting segment and clarifies the company's use of non-GAAP financial measures.

How does the new business reorganization affect Mondelez's reporting segments?

The company has integrated its Eastern Europe, Middle East, and Africa (EEMEA) business into its existing Europe and Asia Pacific segments. This has resulted in the formation of a new consolidated segment called Asia, Middle East, and Africa (AMEA). Consequently, Mondelez will now report under four main operating segments: Latin America, AMEA, Europe, and North America.

Why is Mondelez providing detailed explanations of its non-GAAP financial measures?

Mondelez provides detailed explanations of non-GAAP measures like Segment Operating Income, Organic Net Revenue, and Adjusted Operating Income to offer investors a more transparent view of the company's underlying performance. By excluding certain items such as hedging impacts, restructuring costs, and acquisition/divestiture-related expenses, these measures aim to facilitate better comparisons of operational results across different periods and provide insight into how management evaluates the business.

When will investors see financial results reported under the new segment structure?

The company states that it will begin reporting its results of operations under the new four-segment structure starting with the fourth quarter of 2016.

MDLZ 8-K: Regulation FD

Summary

Mondelez International, Inc. (MDLZ) filed an 8-K on December 12, 2016, to disclose the effects of a recent business reorganization and provide supplemental financial information. The key change is the integration of the Eastern Europe, Middle East, and Africa (EEMEA) business into the Europe and Asia Pacific segments, creating a new Asia, Middle East, and Africa (AMEA) regional operating segment. This restructuring, effective October 1, 2016, results in four reportable operating segments: Latin America, AMEA, Europe, and North America. The company will report under this new structure starting in Q4 2016. Furthermore, the filing elaborates on the company's use of non-GAAP financial measures, specifically Segment Operating Income, Organic Net Revenue, and Adjusted Operating Income. These measures are presented to offer investors enhanced transparency into the company's underlying performance by excluding various items like hedging impacts, corporate expenses, amortization, and gains/losses from divestitures or acquisitions. The company emphasizes that these non-GAAP measures should be considered alongside U.S. GAAP results to provide a comprehensive understanding of the business.

Key Highlights

1Mondelez International reorganized its reporting structure, integrating the EEMEA business into Europe and Asia Pacific segments.
2A new reportable operating segment, Asia, Middle East, and Africa (AMEA), has been created.
3The company will now report under four primary segments: Latin America, AMEA, Europe, and North America.
4This new segment structure is effective starting with the fourth quarter of 2016 results.
5The filing provides details on the company's definition and use of non-GAAP financial measures, including Segment Operating Income, Organic Net Revenue, and Adjusted Operating Income.
6These non-GAAP measures are presented to offer investors a clearer view of underlying operational performance and trends by excluding certain items.
7Supplemental financial schedules, including net revenue and segment operating income under both new and former structures, are provided as an exhibit.

Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Dec 12, 2016)

Summary

Key Highlights

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