XML 47 R35.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Reporting (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Net Revenues by Segment | Our segment net revenues and earnings, revised to reflect our new segment structure, were:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
|  | (in millions) |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 908 |  |  | $ | 868 |  |  | $ | 2,666 |  |  | $ | 2,528 |
AMEA |  |  | 1,405 |  |  |  | 1,443 |  |  |  | 4,290 |  |  |  | 4,404 |
Europe |  |  | 2,442 |  |  |  | 2,332 |  |  |  | 6,978 |  |  |  | 7,073 |
North America |  |  | 1,775 |  |  |  | 1,753 |  |  |  | 4,996 |  |  |  | 5,148 |
Net revenues |  | $ | 6,530 |  |  | $ | 6,396 |  |  | $ | 18,930 |  |  | $ | 19,153 |
Operating Income by Segment | Our segment net revenues and earnings, revised to reflect our new segment structure, were:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
|  | (in millions)
Earnings before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 255 |  |  | $ | 92 |  |  | $ | 469 |  |  | $ | 191 |
AMEA |  |  | 82 |  |  |  | 165 |  |  |  | 425 |  |  |  | 504 |
Europe |  |  | 410 |  |  |  | 316 |  |  |  | 1,158 |  |  |  | 924 |
North America |  |  | 318 |  |  |  | 274 |  |  |  | 824 |  |  |  | 840 |
Unrealized gains/(losses) on hedging activities (mark-to-market impacts) |  |  | 28 |  |  |  | (12 | ) |  |  | (69 | ) |  |  | (49 | )
General corporate expenses |  |  | (54 | ) |  |  | (89 | ) |  |  | (196 | ) |  |  | (216 | )
Amortization of intangibles |  |  | (45 | ) |  |  | (44 | ) |  |  | (133 | ) |  |  | (132 | )
Net gain on divestitures |  |  | 187 |  |  |  | – |  |  |  | 184 |  |  |  | – |
Operating income |  |  | 1,181 |  |  |  | 702 |  |  |  | 2,662 |  |  |  | 2,062 |
Interest and other expense, net |  |  | (19 | ) |  |  | (145 | ) |  |  | (262 | ) |  |  | (540 | )
Earnings before income taxes |  | $ | 1,162 |  |  | $ | 557 |  |  | $ | 2,400 |  |  | $ | 1,522 |
Net Revenues by Consumer Sector | Net revenues by product category, revised to reflect our new segment structure, were:
|  | For the Three Months Ended September 30, 2017 |
|  | Latin America |  |  | AMEA |  |  | Europe |  |  | North America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 210 |  |  | $ | 444 |  |  | $ | 761 |  |  | $ | 1,427 |  |  | $ | 2,842 |
Chocolate |  |  | 207 |  |  |  | 520 |  |  |  | 1,196 |  |  |  | 74 |  |  |  | 1,997 |
Gum & Candy |  |  | 247 |  |  |  | 228 |  |  |  | 185 |  |  |  | 274 |  |  |  | 934 |
Beverages |  |  | 155 |  |  |  | 104 |  |  |  | 23 |  |  |  | – |  |  |  | 282 |
Cheese & Grocery |  |  | 89 |  |  |  | 109 |  |  |  | 277 |  |  |  | – |  |  |  | 475 |
Total net revenues |  | $ | 908 |  |  | $ | 1,405 |  |  | $ | 2,442 |  |  | $ | 1,775 |  |  | $ | 6,530 |
|  | For the Three Months Ended September 30, 2016 |
|  | Latin America |  |  | AMEA |  |  | Europe |  |  | North America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 191 |  |  | $ | 416 |  |  | $ | 677 |  |  | $ | 1,403 |  |  | $ | 2,687 |
Chocolate |  |  | 185 |  |  |  | 508 |  |  |  | 1,124 |  |  |  | 65 |  |  |  | 1,882 |
Gum & Candy |  |  | 247 |  |  |  | 239 |  |  |  | 218 |  |  |  | 285 |  |  |  | 989 |
Beverages |  |  | 164 |  |  |  | 107 |  |  |  | 37 |  |  |  | – |  |  |  | 308 |
Cheese & Grocery |  |  | 81 |  |  |  | 173 |  |  |  | 276 |  |  |  | – |  |  |  | 530 |
Total net revenues |  | $ | 868 |  |  | $ | 1,443 |  |  | $ | 2,332 |  |  | $ | 1,753 |  |  | $ | 6,396 |
|  | For the Nine Months Ended September 30, 2017 |
|  | Latin America |  |  | AMEA |  |  | Europe |  |  | North America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 580 |  |  | $ | 1,198 |  |  | $ | 2,130 |  |  | $ | 4,061 |  |  | $ | 7,969 |
Chocolate |  |  | 660 |  |  |  | 1,460 |  |  |  | 3,365 |  |  |  | 194 |  |  |  | 5,679 |
Gum & Candy |  |  | 701 |  |  |  | 695 |  |  |  | 582 |  |  |  | 741 |  |  |  | 2,719 |
Beverages |  |  | 477 |  |  |  | 466 |  |  |  | 88 |  |  |  | – |  |  |  | 1,031 |
Cheese & Grocery |  |  | 248 |  |  |  | 471 |  |  |  | 813 |  |  |  | – |  |  |  | 1,532 |
Total net revenues |  | $ | 2,666 |  |  | $ | 4,290 |  |  | $ | 6,978 |  |  | $ | 4,996 |  |  | $ | 18,930 |
|  | For the Nine Months Ended September 30, 2016 |
|  | Latin America |  |  | AMEA |  |  | Europe |  |  | North America |  |  | Total |
|  | (in millions) |
Biscuits |  | $ | 551 |  |  | $ | 1,179 |  |  | $ | 2,039 |  |  | $ | 4,162 |  |  | $ | 7,931 |
Chocolate |  |  | 562 |  |  |  | 1,393 |  |  |  | 3,368 |  |  |  | 153 |  |  |  | 5,476 |
Gum & Candy |  |  | 713 |  |  |  | 745 |  |  |  | 688 |  |  |  | 833 |  |  |  | 2,979 |
Beverages |  |  | 466 |  |  |  | 513 |  |  |  | 124 |  |  |  | – |  |  |  | 1,103 |
Cheese & Grocery |  |  | 236 |  |  |  | 574 |  |  |  | 854 |  |  |  | – |  |  |  | 1,664 |
Total net revenues |  | $ | 2,528 |  |  | $ | 4,404 |  |  | $ | 7,073 |  |  | $ | 5,148 |  |  | $ | 19,153 |

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 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
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration