Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2015


	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.