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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2017

Net Revenues by Segment

Our segment net revenues, revised to reflect our new segment structure, were:

		For the Three Months Ended								For the Six Months Ended
		June 30,								June 30,
		2017				2016				2017				2016
		(in millions)
Net revenues:
Latin America		$	848			$	843			$	1,758			$	1,660
AMEA			1,394				1,446				2,885				2,961
Europe			2,171				2,293				4,536				4,741
North America			1,573				1,720				3,221				3,395
Net revenues		$	5,986			$	6,302			$	12,400			$	12,757

Operating Income by Segment

Our segment earnings, revised to reflect our new segment structure, were:

		For the Three Months Ended								For the Six Months Ended
		June 30,								June 30,
		2017				2016				2017				2016
		(in millions)

Earnings before income taxes:
Operating income:
Latin America		$	103			$	32			$	214			$	99
AMEA			162				149				343				339
Europe			339				256				748				608
North America			214				295				506				566
Unrealized (losses)/gains on hedging activities (mark-to-market impacts)			(46	)			17				(97	)			(37	)
General corporate expenses			(84	)			(67	)			(142	)			(127	)
Amortization of intangibles			(44	)			(44	)			(88	)			(88	)
Loss on divestiture			(3	)			–				(3	)			–
Operating income			641				638				1,481				1,360
Interest and other expense, net			(124	)			(151	)			(243	)			(395	)
Earnings before income taxes		$	517			$	487			$	1,238			$	965

Net Revenues by Consumer Sector

Net revenues by product category, revised to reflect our new segment structure, were:

		For the Three Months Ended June 30, 2017
		Latin America				AMEA				Europe				North America				Total
		(in millions)
Biscuits		$	200			$	355			$	718			$	1,301			$	2,574
Chocolate			194				425				946				50				1,615
Gum & Candy			241				238				204				222				905
Beverages			129				189				24				–				342
Cheese & Grocery			84				187				279				–				550
Total net revenues		$	848			$	1,394			$	2,171			$	1,573			$	5,986
		For the Three Months Ended June 30, 2016
		Latin America				AMEA				Europe				North America				Total
		(in millions)
Biscuits		$	196			$	356			$	719			$	1,398			$	2,669
Chocolate			179				392				981				43				1,595
Gum & Candy			250				250				254				279				1,033
Beverages			138				229				39				–				406
Cheese & Grocery			80				219				300				–				599
Total net revenues		$	843			$	1,446			$	2,293			$	1,720			$	6,302

		For the Six Months Ended June 30, 2017
		Latin America				AMEA				Europe				North America				Total
		(in millions)
Biscuits		$	370			$	754			$	1,369			$	2,634			$	5,127
Chocolate			453				940				2,169				120				3,682
Gum & Candy			454				467				397				467				1,785
Beverages			322				362				65				–				749
Cheese & Grocery			159				362				536				–				1,057
Total net revenues		$	1,758			$	2,885			$	4,536			$	3,221			$	12,400
		For the Six Months Ended June 30, 2016
		Latin America				AMEA				Europe				North America				Total
		(in millions)
Biscuits		$	360			$	763			$	1,362			$	2,759			$	5,244
Chocolate			377				885				2,244				88				3,594
Gum & Candy			466				506				470				548				1,990
Beverages			302				406				87				–				795
Cheese & Grocery			155				401				578				–				1,134
Total net revenues		$	1,660			$	2,961			$	4,741			$	3,395			$	12,757

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Subparagraph (b)
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- 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=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 (a)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

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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=68060357&loc=d3e9031-108599

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