Basis of Presentation and Our Divisions (Tables)

12 Months Ended

Dec. 26, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following chart details our quarterly reporting schedule for all reporting periods presented:



Quarter	U.S. and Canada	International
First Quarter	12 weeks	January, February
Second Quarter	12 weeks	March, April and May
Third Quarter	12 weeks	June, July and August
Fourth Quarter	16 weeks	September, October, November and December

Schedule of Segment Reporting Information, by Segment

Net revenue and operating profit/(loss) of each division are as follows:



	Net Revenue						Operating Profit/(Loss) ^(a)
	2015		2014		2013		2015			2014			2013
FLNA	$	14,782	$	14,502	$	14,126	$	4,304		$	4,054		$	3,877
QFNA ^(b)	2,543		2,568		2,612		560			621			617
NAB^(c)	20,618		20,171		20,083		2,785			2,421			2,580
Latin America ^(d)	8,228		9,425		9,335		(206		)	1,636			1,617
ESSA	10,510		13,399		13,828		1,081			1,389			1,327
AMENA^(e)	6,375		6,618		6,431		941			985			1,140
Total division	63,056		66,683		66,415		9,465			11,106			11,158
Corporate Unallocated
Mark-to-market net gains/(losses)							11			(68		)	(72		)
Restructuring and impairment charges							(13		)	(41		)	(11		)
Pension lump sum settlement charge							—			(141		)	—
Venezuela remeasurement charges							—			(126		)	(124		)
Other							(1,110		)	(1,149		)	(1,246		)
	$	63,056	$	66,683	$	66,415	$	8,353		$	9,581		$	9,705


(a)	For information on the impact of restructuring and impairment charges on our divisions, see Note 3 to our consolidated financial statements.


(b)	Operating profit for QFNA for the year ended December 26, 2015 includes pre-tax impairment charges of $76 million associated with our MQD joint venture investment, including a fourth quarter charge related to ceasing its operations.


(c)	Operating profit for NAB for the year ended December 26, 2015 includes pre-tax gains of $67 million associated with the settlements of pension-related liabilities from previous acquisitions.


(d)	Operating loss for Latin America for the year ended December 26, 2015 includes a pre- and after-tax charge of $1.4 billion related to our change in accounting for our investments in our wholly-owned Venezuelan subsidiaries and beverage joint venture. See subsequent “Venezuela” discussion.

(e)

Operating profit for AMENA for the year ended December 26, 2015 includes a pre-tax gain of $39 million associated with refranchising a portion of our beverage businesses in India, a pre- and after-tax charge of $73 million related to a write-off of the value of a call option to increase our holding in TAB to 20% and a pre- and after-tax impairment charge of $29 million associated with a joint venture in the Middle East.

Segment Reporting Information By Total Assets And Capital Spending

Total assets and capital spending of each division are as follows:



	Total Assets				Capital Spending
	2015		2014		2015		2014		2013
FLNA	$	5,375	$	5,307	$	608	$	519	$	423
QFNA	872		982		40		58		38
NAB	28,128		28,665		695		708		705
Latin America ^(a)	4,284		6,283		368		379		395
ESSA	12,225		13,934		404		502		551
AMENA	5,901		5,855		441		517		530
Total division	56,785		61,026		2,556		2,683		2,642
Corporate^(b)	12,882		9,483		202		176		153
	$	69,667	$	70,509	$	2,758	$	2,859	$	2,795


(a)	The change in total assets in 2015 reflects a decrease of $1.7 billion related to the Venezuela impairment charges.


(b)	Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment and pension and tax assets. In 2015, the change in total Corporate assets was primarily due to the increase in cash and cash equivalents.

Segment Reporting Information By Amortization Of Intangible Assets And Depreciation And Other Amortization

Amortization of intangible assets and depreciation and other amortization of each division are as follows:



	Amortization of Intangible Assets						Depreciation and Other Amortization
	2015		2014		2013		2015		2014		2013
FLNA	$	7	$	7	$	7	$	427	$	424	$	430
QFNA	—		—		—		51		51		51
NAB	38		43		55		813		837		843
Latin America	7		10		11		238		273		273
ESSA	20		28		32		353		471		525
AMENA	3		4		5		293		313		283
Total division	75		92		110		2,175		2,369		2,405
Corporate	—		—		—		166		164		148
	$	75	$	92	$	110	$	2,341	$	2,533	$	2,553

Segment Reporting Information By Net Revenue And Long-Lived Assets

Net revenue and long-lived assets by country are as follows:



	Net Revenue						Long-Lived Assets^(a)
	2015		2014		2013		2015			2014
U.S.	$	35,266	$	34,219	$	33,626	$	27,876		$	27,964
Mexico	3,687		4,113		4,347		994			1,126
Russia ^(b)	2,797		4,414		4,908		3,614			4,520
Canada	2,677		3,022		3,195		2,386			2,815
United Kingdom	1,966		2,174		2,115		1,107			1,155
Brazil	1,289		1,790		1,835		649			928
All other countries	15,374		16,951		16,389		9,260		^(c)	10,478		^(c)
	$	63,056	$	66,683	$	66,415	$	45,886		$	48,986


(a)	Long-lived assets represent property, plant and equipment, nonamortizable intangible assets, amortizable intangible assets and investments in noncontrolled affiliates. These assets are reported in the country where they are primarily used.


(b)	Change in net revenue and long-lived assets in 2015 primarily reflects the depreciation of the Russian ruble.


(c)	Included in all other countries as of December 26, 2015 and December 27, 2014 is $538 million and $611 million, respectively, related to our 5% indirect equity interest in TAB.