Mondelez International, Inc., is an American multinational confectionery, food, and beverage company based in Illinois which employs about 107,000 people around the world. It consists of the global snack and food brands of the former Kraft Foods Inc after the October 2012 spin-off of its North American grocery operations. The Mondelez name, adopted in 2012, was suggested by Kraft Foods employees and is derived from the words “mundus” (Latin for “world”) and “delez” (a proxy for the word “delicious”). The company manufactures chocolate, biscuits, gum, confectionery, and powdered beverages. Mondelez International's portfolio includes several billion-dollar brands such as Oreo, Chips Ahoy!, TUC, Belvita, Triscuit, LU, Nabisco, Club Social, Barni, Milka, Terry's, Côte d'Or, Toblerone, Cadbury, Marabou, Fry's, Lacta (chocolate), Trident, Dentyne, Chiclets, Halls, Stride (gum and cough drops) and Tang (powdered beverages).