XML 38 R37.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Net Revenues by Segment |
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 1,240 |  |  | $ | 1,242 |  |  | $ | 2,497 |  |  | $ | 2,598 |
Asia Pacific |  |  | 1,024 |  |  |  | 1,084 |  |  |  | 2,177 |  |  |  | 2,307 |
EEMEA |  |  | 869 |  |  |  | 1,008 |  |  |  | 1,564 |  |  |  | 1,846 |
Europe |  |  | 2,815 |  |  |  | 3,379 |  |  |  | 5,790 |  |  |  | 6,936 |
North America |  |  | 1,713 |  |  |  | 1,723 |  |  |  | 3,395 |  |  |  | 3,390 |
Net revenues |  | $ | 7,661 |  |  | $ | 8,436 |  |  | $ | 15,423 |  |  | $ | 17,077 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Earnings before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 134 |  |  | $ | 140 |  |  | $ | 288 |  |  | $ | 184 |
Asia Pacific |  |  | 104 |  |  |  | 111 |  |  |  | 250 |  |  |  | 299 |
EEMEA |  |  | 100 |  |  |  | 146 |  |  |  | 132 |  |  |  | 210 |
Europe |  |  | 261 |  |  |  | 463 |  |  |  | 587 |  |  |  | 926 |
North America |  |  | 261 |  |  |  | 269 |  |  |  | 542 |  |  |  | 472 |
Unrealized gains / (losses) on hedging activities |  |  | 86 |  |  |  | (54 | ) |  |  | 79 |  |  |  | (47 | )
General corporate expenses |  |  | (71 | ) |  |  | (63 | ) |  |  | (145 | ) |  |  | (135 | )
Amortization of intangibles |  |  | (46 | ) |  |  | (55 | ) |  |  | (92 | ) |  |  | (109 | )
Gain on divestiture |  |  | 13 |  |  |  | – |  |  |  | 13 |  |  |  | – |
Acquisition-related costs |  |  | (1 | ) |  |  | – |  |  |  | (2 | ) |  |  | – |
Operating income |  |  | 841 |  |  |  | 957 |  |  |  | 1,652 |  |  |  | 1,800 |
Interest and other expense, net |  |  | (314 | ) |  |  | (224 | ) |  |  | (700 | ) |  |  | (944 | )
Earnings before income taxes |  | $ | 527 |  |  | $ | 733 |  |  | $ | 952 |  |  | $ | 856 |
Net Revenues by Consumer Sector | Net revenues by product category were:
|  | For the Three Months Ended June 30, 2015 |
|  | Latin |  |  | Asia |  |  |  |  |  |  |  |  | North |  |  |  |
| America |  |  | Pacific |  |  | EEMEA |  |  | Europe |  |  | America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 407 |  |  | $ | 268 |  |  | $ | 147 |  |  | $ | 642 |  |  | $ | 1,400 |  |  | $ | 2,864 |
Chocolate |  |  | 202 |  |  |  | 302 |  |  |  | 196 |  |  |  | 890 |  |  |  | 41 |  |  |  | 1,631 |
Gum & Candy |  |  | 295 |  |  |  | 188 |  |  |  | 166 |  |  |  | 198 |  |  |  | 272 |  |  |  | 1,119 |
Beverages (1) |  |  | 178 |  |  |  | 133 |  |  |  | 272 |  |  |  | 776 |  |  |  | – |  |  |  | 1,359 |
Cheese & Grocery |  |  | 158 |  |  |  | 133 |  |  |  | 88 |  |  |  | 309 |  |  |  | – |  |  |  | 688 |
Total net revenues |  | $ | 1,240 |  |  | $ | 1,024 |  |  | $ | 869 |  |  | $ | 2,815 |  |  | $ | 1,713 |  |  | $ | 7,661 |
|  | For the Three Months Ended June 30, 2014 (2) |
|  | Latin |  |  | Asia |  |  |  |  |  |  |  |  | North |  |  |  |
| America |  |  | Pacific |  |  | EEMEA |  |  | Europe |  |  | America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 333 |  |  | $ | 273 |  |  | $ | 171 |  |  | $ | 794 |  |  | $ | 1,398 |  |  | $ | 2,969 |
Chocolate |  |  | 256 |  |  |  | 329 |  |  |  | 221 |  |  |  | 1,114 |  |  |  | 50 |  |  |  | 1,970 |
Gum & Candy |  |  | 293 |  |  |  | 188 |  |  |  | 200 |  |  |  | 238 |  |  |  | 275 |  |  |  | 1,194 |
Beverages (1) |  |  | 197 |  |  |  | 137 |  |  |  | 327 |  |  |  | 848 |  |  |  | – |  |  |  | 1,509 |
Cheese & Grocery |  |  | 163 |  |  |  | 157 |  |  |  | 89 |  |  |  | 385 |  |  |  | – |  |  |  | 794 |
Total net revenues |  | $ | 1,242 |  |  | $ | 1,084 |  |  | $ | 1,008 |  |  | $ | 3,379 |  |  | $ | 1,723 |  |  | $ | 8,436 |
|  | For the Six Months Ended June 30, 2015 |
|  | Latin |  |  | Asia |  |  |  |  |  |  |  |  | North |  |  |  |
| America |  |  | Pacific |  |  | EEMEA |  |  | Europe |  |  | America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 716 |  |  | $ | 584 |  |  | $ | 271 |  |  | $ | 1,236 |  |  | $ | 2,758 |  |  | $ | 5,565 |
Chocolate |  |  | 496 |  |  |  | 704 |  |  |  | 395 |  |  |  | 2,118 |  |  |  | 97 |  |  |  | 3,810 |
Gum & Candy |  |  | 590 |  |  |  | 379 |  |  |  | 284 |  |  |  | 381 |  |  |  | 540 |  |  |  | 2,174 |
Beverages (1) |  |  | 392 |  |  |  | 248 |  |  |  | 457 |  |  |  | 1,450 |  |  |  | – |  |  |  | 2,547 |
Cheese & Grocery |  |  | 303 |  |  |  | 262 |  |  |  | 157 |  |  |  | 605 |  |  |  | – |  |  |  | 1,327 |
Total net revenues |  | $ | 2,497 |  |  | $ | 2,177 |  |  | $ | 1,564 |  |  | $ | 5,790 |  |  | $ | 3,395 |  |  | $ | 15,423 |
|  | For the Six Months Ended June 30, 2014 (2) |
|  | Latin |  |  | Asia |  |  |  |  |  |  |  |  | North |  |  |  |
| America |  |  | Pacific |  |  | EEMEA |  |  | Europe |  |  | America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 660 |  |  | $ | 604 |  |  | $ | 318 |  |  | $ | 1,516 |  |  | $ | 2,739 |  |  | $ | 5,837 |
Chocolate |  |  | 580 |  |  |  | 747 |  |  |  | 464 |  |  |  | 2,590 |  |  |  | 113 |  |  |  | 4,494 |
Gum & Candy |  |  | 579 |  |  |  | 394 |  |  |  | 347 |  |  |  | 461 |  |  |  | 538 |  |  |  | 2,319 |
Beverages (1) |  |  | 452 |  |  |  | 259 |  |  |  | 555 |  |  |  | 1,625 |  |  |  | – |  |  |  | 2,891 |
Cheese & Grocery |  |  | 327 |  |  |  | 303 |  |  |  | 162 |  |  |  | 744 |  |  |  | – |  |  |  | 1,536 |
Total net revenues |  | $ | 2,598 |  |  | $ | 2,307 |  |  | $ | 1,846 |  |  | $ | 6,936 |  |  | $ | 3,390 |  |  | $ | 17,077 |
| (1) | On July 2, 2015, we divested our global coffee businesses from our Europe, EEMEA and Asia Pacific segment beverage categories. Refer to Note 2, Divestitures and Acquisitions – Divestiture of Coffee Business, for more information.
| (2) | 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.

X
- 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 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration