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Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2017
Net Revenues and Earnings by Segment | Our segment net revenues and earnings, revised to reflect our new segment structure, were:
|  | For the Three Months Ended |
|  | March 31, |
|  | 2017 |  |  | 2016 |
|  | (in millions) |
Net revenues: |  |  |  |  |  |  |  |
Latin America |  | $ | 910 |  |  | $ | 817 |
AMEA |  |  | 1,491 |  |  |  | 1,515 |
Europe |  |  | 2,365 |  |  |  | 2,448 |
North America |  |  | 1,648 |  |  |  | 1,675 |
Net revenues |  | $ | 6,414 |  |  | $ | 6,455 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Our segment net revenues and earnings, revised to reflect our new segment structure in all periods, were:
|  | For the Three Months Ended |
|  | March 31, |
|  | 2017 |  |  | 2016 |
|  | (in millions) |
Earnings before income taxes: |  |  |  |  |  |  |  |
Operating income: |  |  |  |  |  |  |  |
Latin America |  | $ | 111 |  |  | $ | 67 |
AMEA |  |  | 181 |  |  |  | 190 |
Europe |  |  | 409 |  |  |  | 352 |
North America |  |  | 292 |  |  |  | 271 |
Unrealized losses on hedging activities (mark-to-market impacts) |  |  | (51 | ) |  |  | (54 | )
General corporate expenses |  |  | (58 | ) |  |  | (60 | )
Amortization of intangibles |  |  | (44 | ) |  |  | (44 | )
Operating income |  |  | 840 |  |  |  | 722 |
Interest and other expense, net |  |  | (119 | ) |  |  | (244 | )
Earnings before income taxes |  | $ | 721 |  |  | $ | 478 |
Net Revenues by Consumer Sector | Net revenues by product category, revised to reflect our new segment structure, were:
|  | For the Three Months Ended March 31, 2017 |
|  | Latin America |  |  | AMEA |  |  | Europe |  |  | North America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 170 |  |  | $ | 399 |  |  | $ | 651 |  |  | $ | 1,333 |  |  | $ | 2,553 |
Chocolate |  |  | 259 |  |  |  | 515 |  |  |  | 1,223 |  |  |  | 70 |  |  |  | 2,067 |
Gum & Candy |  |  | 213 |  |  |  | 229 |  |  |  | 193 |  |  |  | 245 |  |  |  | 880 |
Beverages |  |  | 193 |  |  |  | 173 |  |  |  | 41 |  |  |  | – |  |  |  | 407 |
Cheese & Grocery |  |  | 75 |  |  |  | 175 |  |  |  | 257 |  |  |  | – |  |  |  | 507 |
Total net revenues |  | $ | 910 |  |  | $ | 1,491 |  |  | $ | 2,365 |  |  | $ | 1,648 |  |  | $ | 6,414 |
|  | For the Three Months Ended March 31, 2016 |
|  | Latin America |  |  | AMEA |  |  | Europe |  |  | North America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 164 |  |  | $ | 407 |  |  | $ | 643 |  |  | $ | 1,361 |  |  | $ | 2,575 |
Chocolate |  |  | 198 |  |  |  | 493 |  |  |  | 1,263 |  |  |  | 45 |  |  |  | 1,999 |
Gum & Candy |  |  | 216 |  |  |  | 256 |  |  |  | 216 |  |  |  | 269 |  |  |  | 957 |
Beverages |  |  | 164 |  |  |  | 177 |  |  |  | 48 |  |  |  | – |  |  |  | 389 |
Cheese & Grocery |  |  | 75 |  |  |  | 182 |  |  |  | 278 |  |  |  | – |  |  |  | 535 |
Total net revenues |  | $ | 817 |  |  | $ | 1,515 |  |  | $ | 2,448 |  |  | $ | 1,675 |  |  | $ | 6,455 |

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