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Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2015
Net Revenues by Segment |
|  | For the Three Months Ended March 31, |
|  | 2015 |  |  | 2014 |
|  | (in millions) |
Net revenues: |  |  |  |  |  |  |  |
Latin America |  | $ | 1,257 |  |  | $ | 1,356 |
Asia Pacific |  |  | 1,153 |  |  |  | 1,223 |
EEMEA |  |  | 695 |  |  |  | 838 |
Europe |  |  | 2,975 |  |  |  | 3,557 |
North America |  |  | 1,682 |  |  |  | 1,667 |
Net revenues |  | $ | 7,762 |  |  | $ | 8,641 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
|  | For the Three Months Ended March 31, |
|  | 2015 |  |  | 2014 |
|  | (in millions) |
Earnings before income taxes: |  |  |  |  |  |  |  |
Operating income: |  |  |  |  |  |  |  |
Latin America |  | $ | 154 |  |  | $ | 44 |
Asia Pacific |  |  | 146 |  |  |  | 188 |
EEMEA |  |  | 32 |  |  |  | 64 |
Europe |  |  | 326 |  |  |  | 463 |
North America |  |  | 281 |  |  |  | 203 |
Unrealized gains / (losses) on hedging activities |  |  | (7 | ) |  |  | 7 |
General corporate expenses |  |  | (74 | ) |  |  | (72 | )
Amortization of intangibles |  |  | (46 | ) |  |  | (54 | )
Acquisition-related costs |  |  | (1 | ) |  |  | – |
Operating income |  |  | 811 |  |  |  | 843 |
Interest and other expense, net |  |  | (386 | ) |  |  | (720 | )
Earnings before income taxes |  | $ | 425 |  |  | $ | 123 |
Net Revenues by Consumer Sector | Net revenues by product category were:
|  | For the Three Months Ended March 31, 2015 |
|  | Latin |  |  | Asia |  |  |  |  |  |  |  |  | North |  |  |  |
| America |  |  | Pacific |  |  | EEMEA |  |  | Europe |  |  | America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 309 |  |  | $ | 316 |  |  | $ | 124 |  |  | $ | 594 |  |  | $ | 1,358 |  |  | $ | 2,701 |
Chocolate |  |  | 294 |  |  |  | 402 |  |  |  | 199 |  |  |  | 1,228 |  |  |  | 56 |  |  |  | 2,179 |
Gum & Candy |  |  | 295 |  |  |  | 191 |  |  |  | 118 |  |  |  | 183 |  |  |  | 268 |  |  |  | 1,055 |
Beverages |  |  | 214 |  |  |  | 115 |  |  |  | 185 |  |  |  | 674 |  |  |  | – |  |  |  | 1,188 |
Cheese & Grocery |  |  | 145 |  |  |  | 129 |  |  |  | 69 |  |  |  | 296 |  |  |  | – |  |  |  | 639 |
Total net revenues |  | $ | 1,257 |  |  | $ | 1,153 |  |  | $ | 695 |  |  | $ | 2,975 |  |  | $ | 1,682 |  |  | $ | 7,762 |
|  | For the Three Months Ended March 31, 2014 (1) |
|  | Latin |  |  | Asia |  |  |  |  |  |  |  |  | North |  |  |  |
| America |  |  | Pacific |  |  | EEMEA |  |  | Europe |  |  | America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 327 |  |  | $ | 331 |  |  | $ | 147 |  |  | $ | 722 |  |  | $ | 1,341 |  |  | $ | 2,868 |
Chocolate |  |  | 324 |  |  |  | 418 |  |  |  | 243 |  |  |  | 1,476 |  |  |  | 63 |  |  |  | 2,524 |
Gum & Candy |  |  | 286 |  |  |  | 206 |  |  |  | 147 |  |  |  | 223 |  |  |  | 263 |  |  |  | 1,125 |
Beverages |  |  | 255 |  |  |  | 122 |  |  |  | 228 |  |  |  | 777 |  |  |  | – |  |  |  | 1,382 |
Cheese & Grocery |  |  | 164 |  |  |  | 146 |  |  |  | 73 |  |  |  | 359 |  |  |  | – |  |  |  | 742 |
Total net revenues |  | $ | 1,356 |  |  | $ | 1,223 |  |  | $ | 838 |  |  | $ | 3,557 |  |  | $ | 1,667 |  |  | $ | 8,641 |
| (1) | During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.

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