XML 65 R46.htm IDEA: XBRL DOCUMENT v3.6.0.2
History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
[1]
Dec. 31, 2015
Dec. 31, 2014
Venezuela [Line Items]                      
Net revenues $ 6,770 $ 6,396 $ 6,302 $ 6,455 $ 7,364 $ 6,849 $ 7,661 $ 7,762 $ 25,923 $ 29,636 [1] $ 34,244 [1]
Remeasurement losses               $ (11)      
Loss on deconsolidation         (778)         (778)  
Venezuela                      
Venezuela [Line Items]                      
Net revenues                   1,217 760
Operating income (excluding remeasurement and deconsolidation losses)                   266 181
Loss on deconsolidation                   (778)  
Cash [2]         611         611 278
Net monetary assets [2]         405         405 236
Net assets [2]         $ 658         658 500
Venezuela | Q1 2014: 6.30 to 10.70 bolivars to the U.S. dollar                      
Venezuela [Line Items]                      
Remeasurement losses                     (142)
Venezuela | SICAD I remeasurements through December 31, 2014                      
Venezuela [Line Items]                      
Remeasurement losses                     $ (25)
Venezuela | Q1 2015: 11.50 to 12.00 bolivars to the U.S. dollar                      
Venezuela [Line Items]                      
Remeasurement losses                   $ (11)  
[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] Represents the financial position of our Venezuelan subsidiaries prior to the accounting change on December 31, 2015.