Mondelez International
35 named things its latest annual report says its results depend on, each in the company's own words. 24 of them are also named by other companies we've read.
Suppliers
Third-party global shared service centers
depends onnamed as a riskGlobal shared service centers managed by third parties provide a number of services important to conducting our business, including accounting, internal control, human resources and computing functions.Risk factors (Item 1A)
Partners and platforms
The Kraft Heinz Company
In our agreement with Kraft Foods Group, Inc. (which is now part of The Kraft Heinz Company), we each granted the other party various licenses to use certain of our and their respective intellectual property rights in named jurisdictions following the spin-off of our North American grocery business in 2012.Business (Item 1)
Other companies
Bryce Martinez vs. Kraft Heinz Co. Inc. et al.
named as a riskFor example, a purported personal injury lawsuit filed in December 2024 against a number of food companies, including us (Bryce Martinez vs. Kraft Heinz Co. Inc. et al.), alleged that certain food products we and other companies make are addictive and cause health problems.Risk factors (Item 1A)
Commercial paper markets
depends onnamed as a riskWe regularly access the commercial paper markets in the United States and Europe for ongoing funding requirements.Risk factors (Item 1A)
Competitors
Retailer private label brands
competes withnamed as a riskIf consumers prefer or otherwise choose to purchase the retailer or other economy brands, we can lose market share or sales volumes, or we may need to shift our product mix to lower margin offerings.Risk factors (Item 1A)
Also named by PG
Places
Russia
operates in · 3.7% of 2025 consolidated net revenuesnamed as a riskAs the business and geopolitical environment continues to change, our operations and activity in Russia, which accounted for 3.7% of 2025 consolidated net revenues, and/or Ukraine, which accounted for 0.4% of 2025 consolidated net revenues, may decline or be further scaled back.Risk factors (Item 1A)
Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more
Ukraine
operates in · 0.4% of 2025 consolidated net revenuesnamed as a riskAs the business and geopolitical environment continues to change, our operations and activity in Russia, which accounted for 3.7% of 2025 consolidated net revenues, and/or Ukraine, which accounted for 0.4% of 2025 consolidated net revenues, may decline or be further scaled back.Risk factors (Item 1A)
Also named by C, CL, DKNG, JLL, LKQ, LSTR, MSFT, NUE and 4 more
Non-U.S. markets
earns from · 75.8%named as a riskWe are a global company and generated 75.8% of our 2025 net revenues, 74.0% of our 2024 net revenues and 73.4% of our 2023 net revenues outside the United States.Risk factors (Item 1A)
Also named by ABT, DELL, DOV, IBM, ITW, LRCX, MA, PH and 4 more
Argentina
operates innamed as a riskThis includes events like applying highly inflationary accounting as we did for our Argentinean subsidiaries beginning in the third quarter of 2018, Türkiye beginning in the second quarter of 2022 and both Egypt and Nigeria beginning in the fourth quarter of 2024;Risk factors (Item 1A)
Also named by BALL, C, ECL, FISV, GMED, INGR, JNJ, KMB and 6 more
Emerging markets (Brazil, China, India, Mexico)
earns fromnamed as a riskOur growth strategy depends in part on our ability to expand our operations in emerging markets, including among others Brazil, China, India, Mexico, Argentina, Eastern Europe, the Middle East, Africa and Southeast Asia.Risk factors (Item 1A)
Also named by ABT, AVY, BEN, BGC, C, EMR, FIS, SWK and 1 more
Egypt
operates innamed as a riskThis includes events like applying highly inflationary accounting as we did for our Argentinean subsidiaries beginning in the third quarter of 2018, Türkiye beginning in the second quarter of 2022 and both Egypt and Nigeria beginning in the fourth quarter of 2024;Risk factors (Item 1A)
Türkiye
operates innamed as a riskThis includes events like applying highly inflationary accounting as we did for our Argentinean subsidiaries beginning in the third quarter of 2018, Türkiye beginning in the second quarter of 2022 and both Egypt and Nigeria beginning in the fourth quarter of 2024;Risk factors (Item 1A)
Nigeria
operates innamed as a riskThis includes events like applying highly inflationary accounting as we did for our Argentinean subsidiaries beginning in the third quarter of 2018, Türkiye beginning in the second quarter of 2022 and both Egypt and Nigeria beginning in the fourth quarter of 2024;Risk factors (Item 1A)
Hazards
Warm temperatures
named as a riskWe have also experienced decreased demand for chocolate during periods when temperatures are warmer.Risk factors (Item 1A)
Commodities and inputs
Natural gas
exposed to its pricenamed as a riskIn addition, we purchase and use significant quantities of product packaging materials, natural gas, fuel and electricity for our factories and warehouses, and we also incur expenses in connection with labor and the transportation and delivery of our products.Risk factors (Item 1A)
Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more
Wheat
exposed to its pricenamed as a riskThe war continues to disrupt commodity markets, including for wheat, energy and energy-related commodities, and continues to contribute to supply chain disruption and inflation.Risk factors (Item 1A)
Also named by CAG, CPB, FLO, FPI, GIS, HSY, KHC, POST and 1 more
Sugar
exposed to its pricenamed as a riskWe purchase and use large quantities of commodities, including cocoa, dairy, wheat, edible oils, sugar and other sweeteners, flavoring agents and nuts.Risk factors (Item 1A)
Dairy
exposed to its pricenamed as a riskWe use hedging techniques to limit the impact of fluctuations in the cost of our principal raw materials; however, we may not be able to fully hedge against commodity cost changes, such as dairy, where there is a limited ability to hedge, and our hedging strategies may not protect us from increases in specific raw material costs.Business (Item 1)
Cocoa
exposed to its pricenamed as a riskDuring 2025, price volatility and higher aggregate costs were driven by a confluence of factors: soaring commodity prices (especially for cocoa beans), disrupted international supply chains, labor market challenges and increased transportation and labor costs.Risk factors (Item 1A)
Packaging materials
exposed to its pricenamed as a riskIn addition, we purchase and use significant quantities of packaging materials to package our products and natural gas, fuels and electricity for our factories and warehouses.Business (Item 1)
Edible oils
exposed to its pricenamed as a riskWe purchase and use large quantities of commodities, including cocoa, dairy, wheat, edible oils, sugar and other sweeteners, flavoring agents and nuts.Risk factors (Item 1A)
Nuts
exposed to its pricenamed as a riskWe purchase and use large quantities of commodities, including cocoa, dairy, wheat, edible oils, sugar and other sweeteners, flavoring agents and nuts.Risk factors (Item 1A)
Russian ruble
exposed to its pricenamed as a riskOther ongoing consequences of the war have included increased volatility of input prices, including for packaging materials, energy, commodities, other raw materials, labor and transportation; adverse changes in international trade policies and relations; increased exposure to foreign currency fluctuations, including volatility of the Russian ruble; constraints, volatility or disruptions in the credit and capital markets; increased costs to ensure compliance with global and local laws and regulations; difficulty protecting and enforcing our intellectual property rights; and heightened risk to employee safety including health and safety risks related to securing and maintaining facilities.Risk factors (Item 1A)
Laws and programs
Defined benefit pension plans
$7.1 billionnamed as a riskAt the end of 2025, the projected benefit obligation of the defined benefit pension plans we sponsor was $7.1 billion and plan assets were $7.8 billion.Risk factors (Item 1A)
Also named by MRSH
U.S. tariffs
subject tonamed as a riskSome of these tariffs have increased our costs for finished products, as well as some ingredients and packaging used to produce and distribute our products.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
One Big Beautiful Bill Act (OBBBA)
subject tonamed as a riskIt is possible that OBBBA, or interpretations under it, could change and could have an adverse effect on us, and such effect could be material.Risk factors (Item 1A)
Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more
Foreign Corrupt Practices Act (FCPA)
subject tonamed as a riskIn many countries, particularly those with emerging economies, engaging in business practices prohibited by laws and regulations with extraterritorial reach, such as the FCPA and the U.K. Bribery Act, or local anti-bribery laws may be more common.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
OECD global minimum tax
subject tonamed as a riskImportant details of these minimum tax regimes are still being considered, which could increase tax uncertainty in the short term.Risk factors (Item 1A)
Also named by AAPL, APP, ARW, AXP, BAC, BALL, CB, CBRE and 15 more
Multiemployer pension plans
named as a riskFor example, if we partially or completely withdraw from a multiemployer pension plan, we may be required to pay a partial or complete withdrawal liability.Risk factors (Item 1A)
Also named by ECG, IBP, LYV, NYT, PWR, RSG, STRL, TJX and 3 more
Supplemental Nutrition Assistance Program (SNAP)
earns fromnamed as a riskWeak economic conditions, recessions, inflation, new or increased food regulation, taxes, tariffs and/or trade barriers, equity market volatility or other factors, such as global or local pandemics, geopolitical tensions, public boycotts, uncertainty regarding the availability of certain governmental subsidies available to our consumers (such as the Supplemental Nutrition Assistance Program in the U.S.), severe or unusual weather events, and our response to political and social issues or catastrophic events, may affect consumer preferences and demand inRisk factors (Item 1A)
Also named by BJ, CPB, DG, DLTR, KHC, MNST, MUSA, PEP and 1 more
EU Deforestation Regulation
subject tonamed as a riskFor instance, our financial condition, results of operations and cash flows could be negatively affected by the regulatory and economic impact of changes in the corporate tax policies of the United States and other countries; tariff policies and trade relations among the United States and other countries, including China, Mexico, Canada and the European Union; and recent regulatory initiatives within the European Union, including the EU Deforestation Regulation and the Corporate Sustainability Due Diligence Directive.Risk factors (Item 1A)
EU Corporate Sustainability Due Diligence Directive
subject tonamed as a riskFor instance, our financial condition, results of operations and cash flows could be negatively affected by the regulatory and economic impact of changes in the corporate tax policies of the United States and other countries; tariff policies and trade relations among the United States and other countries, including China, Mexico, Canada and the European Union; and recent regulatory initiatives within the European Union, including the EU Deforestation Regulation and the Corporate Sustainability Due Diligence Directive.Risk factors (Item 1A)
Also named by PTC
International sanctions on Russia
subject tonamed as a riskInternational sanctions, export controls and other measures, including restrictions on the transfer of funds to and from Russia, that have been imposed on Russian entities, make it more difficult to operate in Russia, and failure to comply with applicable sanctions and measures could subject us to regulatory penalties and reputational risk.Risk factors (Item 1A)
EU Packaging and Packaging Waste Directive
subject tonamed as a riskIn addition, the European Union has adopted its Packaging and Packaging Waste Directive.Business (Item 1)
Extended producer responsibility (EPR) policies
subject tonamed as a riskNew legal and regulatory requirements have increased and could continue to increase our operating costs for things like energy or packaging through taxes or regulations, including payments under extended producer responsibility policies, taxes on specific packaging material types and targets to increase the use of reuse/refill delivery models.Risk factors (Item 1A)