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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2014

Net Revenues by Segment

Our segment net revenues and earnings were:

		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2014				2013				2014				2013
		(in millions)
Net revenues:
Latin America		$	1,242			$	1,339			$	2,598			$	2,737
Asia Pacific			1,084				1,240				2,307				2,607
EEMEA			1,008				1,039				1,846				1,902
Europe			3,379				3,273				6,936				6,731
North America			1,723				1,704				3,390				3,362
Net revenues		$	8,436			$	8,595			$	17,077			$	17,339

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Earnings before income taxes:
Operating income:
Latin America		$	140			$	162			$	184			$	254
Asia Pacific			111				129				299				318
EEMEA			146				112				210				173
Europe			463				369				926				775
North America			269				194				472				364
Unrealized gains / (losses) on hedging activities			(54	)			24				(47	)			43
General corporate expenses			(63	)			(76	)			(135	)			(145	)
Amortization of intangibles			(55	)			(55	)			(109	)			(109	)
Gains on acquisition and divestitures, net			–				6				–				28
Acquisition-related costs			–				–				–				(2	)
Operating income			957				865				1,800				1,699
Interest and other expense, net			(224	)			(235	)			(944	)			(514	)
Earnings before income taxes		$	733			$	630			$	856			$	1,185

Net Revenues by Consumer Sector

Net revenues by consumer sector were:

		For the Three Months Ended June 30, 2014
		Latin				Asia												North
		America				Pacific				EEMEA				Europe				America				Total
		(in millions)
Biscuits		$	333			$	273			$	171			$	809			$	1,384			$	2,970
Chocolate			256				329				221				1,113				50				1,969
Gum & Candy			293				188				200				238				275				1,194
Beverages			197				137				327				848				–				1,509
Cheese & Grocery			163				157				89				371				14				794
Total net revenues		$	1,242			$	1,084			$	1,008			$	3,379			$	1,723			$	8,436

		For the Three Months Ended June 30, 2013
		Latin				Asia												North
		America				Pacific				EEMEA				Europe				America				Total
		(in millions)
Biscuits		$	334			$	355			$	174			$	780			$	1,349			$	2,992
Chocolate			270				363				240				1,062				58				1,993
Gum & Candy			363				207				190				246				278				1,284
Beverages			212				145				353				835				–				1,545
Cheese & Grocery			160				170				82				350				19				781
Total net revenues		$	1,339			$	1,240			$	1,039			$	3,273			$	1,704			$	8,595

		For the Six Months Ended June 30, 2014
		Latin				Asia												North
		America				Pacific				EEMEA				Europe				America				Total
		(in millions)
Biscuits		$	660			$	604			$	318			$	1,545			$	2,711			$	5,838
Chocolate			580				747				464				2,590				113				4,494
Gum & Candy			579				394				347				461				538				2,319
Beverages			452				259				555				1,625				–				2,891
Cheese & Grocery			327				303				162				715				28				1,535
Total net revenues		$	2,598			$	2,307			$	1,846			$	6,936			$	3,390			$	17,077

		For the Six Months Ended June 30, 2013
		Latin				Asia												North
		America				Pacific				EEMEA				Europe				America				Total
		(in millions)
Biscuits		$	624			$	743			$	325			$	1,481			$	2,642			$	5,815
Chocolate			648				812				512				2,456				131				4,559
Gum & Candy			696				429				345				475				556				2,501
Beverages			455				272				589				1,640				–				2,956
Cheese & Grocery			314				351				131				679				33				1,508
Total net revenues		$	2,737			$	2,607			$	1,902			$	6,731			$	3,362			$	17,339

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599



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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 40

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

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