Mondelez International (LTS:0R0G) Long-Term Capital Lease Obligation : $537 Mil (As of Dec. 2023)

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What is Mondelez International Long-Term Capital Lease Obligation?

Mondelez International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $537 Mil.

Mondelez International's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($492 Mil) to Sep. 2023 ($466 Mil) but then increased from Sep. 2023 ($466 Mil) to Dec. 2023 ($537 Mil).

Mondelez International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($616 Mil) to Dec. 2022 ($514 Mil) but then increased from Dec. 2022 ($514 Mil) to Dec. 2023 ($537 Mil).

Mondelez International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mondelez International's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mondelez International Long-Term Capital Lease Obligation Chart

Mondelez International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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494.00

652.00

616.00

514.00

537.00

Mondelez International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															514.00	508.00	492.00	466.00	537.00

Mondelez International (LTS:0R0G) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Mondelez International (LTS:0R0G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mondelez International Inc (LTS:0R0G) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MDLZ:USA MDLZ:Mexico 1MDLZ:Italy KTFd:UK KTF:Germany MDLZ34:Brazil MDLZ:Austria

Address

905 West Fulton Market, Suite 200, Chicago, IL, USA, 60607

Website

https://www.mondelezinternational.com

Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack arena with a presence in the biscuit (50% of sales), chocolate (30%), gum/candy (11%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2022. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives just shy of 40% of revenue from developing markets, about one third from Europe, and the remainder from North America.

Mondelez International (LTS:0R0G) Headlines

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