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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.

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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.

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

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