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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2016
Net Revenues and Earnings by Segment | Our segment net revenues and earnings, revised to reflect our new segment structure, were:
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
Latin America (1) |  | $ | 3,392 |  |  | $ | 4,988 |  |  | $ | 5,153 |
AMEA (2) |  |  | 5,816 |  |  |  | 6,002 |  |  |  | 6,367 |
Europe (2) |  |  | 9,755 |  |  |  | 11,672 |  |  |  | 15,788 |
North America |  |  | 6,960 |  |  |  | 6,974 |  |  |  | 6,936 |
Net revenues |  | $ | 25,923 |  |  | $ | 29,636 |  |  | $ | 34,244 |
| (1) | Net revenues of $1,217 million for 2015 and $760 million for 2014 from our Venezuelan subsidiaries are included in our consolidated financial statements. Beginning in 2016, we account for our Venezuelan subsidiaries using the cost method of accounting and no longer include net revenues of our Venezuelan subsidiaries within our consolidated financial statements. Refer to Note 1, Summary of Significant Accounting Policies – Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.
| (2) | On July 2, 2015, we contributed our global coffee businesses primarily from our Europe and AMEA segments. Net revenues of our global coffee business were $1,561 million in Europe and $66 million in AMEA for the year ended December 31, 2015. Refer to Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, for more information.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Earnings before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 271 |  |  | $ | 485 |  |  | $ | 475 |
AMEA |  |  | 506 |  |  |  | 389 |  |  |  | 530 |
Europe |  |  | 1,267 |  |  |  | 1,350 |  |  |  | 1,952 |
North America |  |  | 1,078 |  |  |  | 1,105 |  |  |  | 922 |
Unrealized (losses) / gains on hedging activities (mark-to-market impacts) |  |  | (94 | ) |  |  | 96 |  |  |  | (112 | )
General corporate expenses |  |  | (291 | ) |  |  | (383 | ) |  |  | (317 | )
Amortization of intangibles |  |  | (176 | ) |  |  | (181 | ) |  |  | (206 | )
Gains on divestitures and JDE coffee business transactions |  |  | 9 |  |  |  | 6,822 |  |  |  | – |
Loss on deconsolidation of Venezuela |  |  | – |  |  |  | (778 | ) |  |  | – |
Acquisition-related costs |  |  | (1 | ) |  |  | (8 | ) |  |  | (2 | )
Operating income |  |  | 2,569 |  |  |  | 8,897 |  |  |  | 3,242 |
Interest and other expense, net |  |  | (1,115 | ) |  |  | (1,013 | ) |  |  | (688 | )
Earnings before income taxes |  | $ | 1,454 |  |  | $ | 7,884 |  |  | $ | 2,554 |
Total Assets, Depreciation Expense and Capital Expenditure by Segment | Total assets, depreciation expense and capital expenditures by segment, revised to reflect our new segment structure, were:
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 5,156 |  |  | $ | 4,673 |  |  | $ | 6,470 |
AMEA |  |  | 10,031 |  |  |  | 10,460 |  |  |  | 10,549 |
Europe |  |  | 19,934 |  |  |  | 21,026 |  |  |  | 27,240 |
North America |  |  | 20,694 |  |  |  | 21,175 |  |  |  | 21,287 |
Equity method investments |  |  | 5,585 |  |  |  | 5,387 |  |  |  | 662 |
Unallocated assets (1) |  |  | 138 |  |  |  | 122 |  |  |  | 563 |
Total assets |  | $ | 61,538 |  |  | $ | 62,843 |  |  | $ | 66,771 |
| (1) | Unallocated assets consist primarily of cash and cash equivalents, deferred income taxes, centrally held property, plant and equipment, prepaid pension assets and derivative financial instrument balances. We had debt issuance costs related to recognized debt liabilities of $40 million as of December 31, 2016, $46 million as of December 31, 2015 and $44 million as of December 31, 2014.
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 92 |  |  | $ | 94 |  |  | $ | 118 |
AMEA |  |  | 161 |  |  |  | 155 |  |  |  | 154 |
Europe |  |  | 253 |  |  |  | 299 |  |  |  | 407 |
North America |  |  | 141 |  |  |  | 165 |  |  |  | 174 |
Total depreciation expense |  | $ | 647 |  |  | $ | 713 |  |  | $ | 853 |
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 321 |  |  | $ | 354 |  |  | $ | 460 |
AMEA |  |  | 349 |  |  |  | 381 |  |  |  | 451 |
Europe |  |  | 294 |  |  |  | 517 |  |  |  | 553 |
North America |  |  | 260 |  |  |  | 262 |  |  |  | 178 |
Total capital expenditures |  | $ | 1,224 |  |  | $ | 1,514 |  |  | $ | 1,642 |
Net Revenues by Geographic Segment |
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 6,329 |  |  | $ | 6,302 |  |  | $ | 6,143 |
Other |  |  | 19,594 |  |  |  | 23,334 |  |  |  | 28,101 |
Total net revenues |  | $ | 25,923 |  |  | $ | 29,636 |  |  | $ | 34,244 |
Long-lived Assets by Geographic Segment |
|  | As of December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,508 |  |  | $ | 1,551 |  |  | $ | 1,564 |
Other |  |  | 7,229 |  |  |  | 7,238 |  |  |  | 8,801 |
Total long-lived assets |  | $ | 8,737 |  |  | $ | 8,789 |  |  | $ | 10,365 |
Net Revenues by Consumer Sector | Net revenues by product category, revised to reflect our new segment structure, were:
|  | For the Year Ended December 31, 2016 |
|  | Latin |  |  |  |  |  |  |  |  | North |  |  |  |
|  | America (1) |  |  | AMEA |  |  | Europe |  |  | America |  |  | Total (1) |
|  | (in millions) |
Biscuits |  | $ | 734 |  |  | $ | 1,588 |  |  | $ | 2,703 |  |  | $ | 5,565 |  |  | $ | 10,590 |
Chocolate |  |  | 743 |  |  |  | 1,901 |  |  |  | 4,840 |  |  |  | 255 |  |  |  | 7,739 |
Gum & Candy |  |  | 938 |  |  |  | 953 |  |  |  | 916 |  |  |  | 1,140 |  |  |  | 3,947 |
Beverages |  |  | 657 |  |  |  | 611 |  |  |  | 177 |  |  |  | – |  |  |  | 1,445 |
Cheese & Grocery |  |  | 320 |  |  |  | 763 |  |  |  | 1,119 |  |  |  | – |  |  |  | 2,202 |
Total net revenues |  | $ | 3,392 |  |  | $ | 5,816 |  |  | $ | 9,755 |  |  | $ | 6,960 |  |  | $ | 25,923 |
|  | For the Year Ended December 31, 2015 |
|  | Latin |  |  |  |  |  |  |  |  | North |  |  |  |
|  | America (1) |  |  | AMEA |  |  | Europe (3) |  |  | America |  |  | Total (1) |
|  | (in millions) |
Biscuits |  | $ | 1,605 |  |  | $ | 1,539 |  |  | $ | 2,680 |  |  | $ | 5,569 |  |  | $ | 11,393 |
Chocolate |  |  | 840 |  |  |  | 1,928 |  |  |  | 5,050 |  |  |  | 256 |  |  |  | 8,074 |
Gum & Candy |  |  | 1,091 |  |  |  | 1,003 |  |  |  | 1,015 |  |  |  | 1,149 |  |  |  | 4,258 |
Beverages (2) |  |  | 767 |  |  |  | 730 |  |  |  | 1,763 |  |  |  | – |  |  |  | 3,260 |
Cheese & Grocery |  |  | 685 |  |  |  | 802 |  |  |  | 1,164 |  |  |  | – |  |  |  | 2,651 |
Total net revenues |  | $ | 4,988 |  |  | $ | 6,002 |  |  | $ | 11,672 |  |  | $ | 6,974 |  |  | $ | 29,636 |
|  | For the Year Ended December 31, 2014 |
|  | Latin |  |  |  |  |  |  |  |  | North |  |  |  |
|  | America (1) |  |  | AMEA |  |  | Europe (3) |  |  | America |  |  | Total (1) |
|  | (in millions) |
Biscuits |  | $ | 1,322 |  |  | $ | 1,442 |  |  | $ | 3,259 |  |  | $ | 5,486 |  |  | $ | 11,509 |
Chocolate |  |  | 1,054 |  |  |  | 2,073 |  |  |  | 5,997 |  |  |  | 296 |  |  |  | 9,420 |
Gum & Candy |  |  | 1,176 |  |  |  | 1,098 |  |  |  | 1,232 |  |  |  | 1,154 |  |  |  | 4,660 |
Beverages (2) |  |  | 940 |  |  |  | 836 |  |  |  | 3,902 |  |  |  | – |  |  |  | 5,678 |
Cheese & Grocery |  |  | 661 |  |  |  | 918 |  |  |  | 1,398 |  |  |  | – |  |  |  | 2,977 |
Total net revenues |  | $ | 5,153 |  |  | $ | 6,367 |  |  | $ | 15,788 |  |  | $ | 6,936 |  |  | $ | 34,244 |
| (1) | In 2015 and 2014, our consolidated net revenues included Venezuela net revenues of $763 million in biscuits, $340 million in cheese & grocery, $66 million in gum & candy and $48 million in beverages and 2014 Venezuela net revenues of $422 million in biscuits, $216 million in cheese & grocery, $91 million in beverages and $30 million in gum & candy. Following the deconsolidation of our Venezuela operations at the end of 2015, in 2016 our consolidated net revenues no longer include the net revenues of our Venezuelan subsidiaries. Refer to Note 1, Summary of Significant Accounting Policies – Currency Translation and Highly Inflationary Accounting: Venezuela, for more information.
| (2) | On July 2, 2015, we contributed our global coffee businesses primarily from our Europe and AMEA segment beverage categories. Net revenues of our global coffee business were $1,561 million in Europe and $66 million in AMEA for the year ended December 31, 2015. Refer to Note 2, Divestitures and Acquisitions – JDE Coffee Business Transactions, for more information.
| (3) | During 2016, we realigned some of our products across product categories primarily within our Europe segment and as such, we reclassified the product category net revenues on a basis consistent with the 2016 presentation.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + 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=68060357&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=68060357&loc=d3e8906-108599 + Details
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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=68060357&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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