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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2017
Net Revenues by Segment | Our segment net revenues and earnings, reflecting our current segment structure for all periods presented, were:
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
Latin America (1) |  | $ | 3,566 |  |  | $ | 3,392 |  |  | $ | 4,988 |
AMEA (2) |  |  | 5,739 |  |  |  | 5,816 |  |  |  | 6,002 |
Europe (2) |  |  | 9,794 |  |  |  | 9,755 |  |  |  | 11,672 |
North America |  |  | 6,797 |  |  |  | 6,960 |  |  |  | 6,974 |
Net revenues |  | $ | 25,896 |  |  | $ | 25,923 |  |  | $ | 29,636 |
| (1) | Net revenues of $1,217 million for 2015 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.
Operating Income by Segment | Our segment net revenues and earnings, reflecting our current segment structure for all periods presented, were:
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Earnings before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 565 |  |  | $ | 271 |  |  | $ | 485 |
AMEA |  |  | 516 |  |  |  | 506 |  |  |  | 389 |
Europe |  |  | 1,680 |  |  |  | 1,267 |  |  |  | 1,350 |
North America |  |  | 1,120 |  |  |  | 1,078 |  |  |  | 1,105 |
Unrealized (losses)/gains on hedging activities (mark-to-market impacts) |  |  | (96 | ) |  |  | (94 | ) |  |  | 96 |
General corporate expenses |  |  | (287 | ) |  |  | (291 | ) |  |  | (383 | )
Amortization of intangibles |  |  | (178 | ) |  |  | (176 | ) |  |  | (181 | )
Net gain on divestitures |  |  | 186 |  |  |  | 9 |  |  |  | 6,822 |
Loss on deconsolidation of Venezuela |  |  | – |  |  |  | – |  |  |  | (778 | )
Acquisition-related costs |  |  | – |  |  |  | (1 | ) |  |  | (8 | )
Operating income |  |  | 3,506 |  |  |  | 2,569 |  |  |  | 8,897 |
Interest and other expense, net |  |  | (382 | ) |  |  | (1,115 | ) |  |  | (1,013 | )
Earnings before income taxes |  | $ | 3,124 |  |  | $ | 1,454 |  |  | $ | 7,884 |
Total Assets, Depreciation Expense and Capital Expenditure by Segment | Total assets, depreciation expense and capital expenditures by segment, reflecting our current segment structure for all periods presented, were:
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 4,948 |  |  | $ | 5,156 |  |  | $ | 4,673 |
AMEA |  |  | 9,883 |  |  |  | 10,031 |  |  |  | 10,460 |
Europe |  |  | 21,611 |  |  |  | 19,934 |  |  |  | 21,026 |
North America |  |  | 20,709 |  |  |  | 20,694 |  |  |  | 21,175 |
Equity method investments |  |  | 6,345 |  |  |  | 5,585 |  |  |  | 5,387 |
Unallocated assets and adjustments (1) |  |  | (387 | ) |  |  | 138 |  |  |  | 122 |
Total assets |  | $ | 63,109 |  |  | $ | 61,538 |  |  | $ | 62,843 |
| (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. Final adjustments for jurisdictional netting of deferred tax assets and liabilities is done at a consolidated level.
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 107 |  |  | $ | 92 |  |  | $ | 94 |
AMEA |  |  | 157 |  |  |  | 161 |  |  |  | 155 |
Europe |  |  | 239 |  |  |  | 253 |  |  |  | 299 |
North America |  |  | 135 |  |  |  | 141 |  |  |  | 165 |
Total depreciation expense |  | $ | 638 |  |  | $ | 647 |  |  | $ | 713 |
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Latin America |  | $ | 226 |  |  | $ | 321 |  |  | $ | 354 |
AMEA |  |  | 280 |  |  |  | 349 |  |  |  | 381 |
Europe |  |  | 278 |  |  |  | 294 |  |  |  | 517 |
North America |  |  | 230 |  |  |  | 260 |  |  |  | 262 |
Total capital expenditures |  | $ | 1,014 |  |  | $ | 1,224 |  |  | $ | 1,514 |
Net Revenues by Geographic Segment |
|  | For the Years Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 6,275 |  |  | $ | 6,329 |  |  | $ | 6,302 |
Other |  |  | 19,621 |  |  |  | 19,594 |  |  |  | 23,334 |
Total net revenues |  | $ | 25,896 |  |  | $ | 25,923 |  |  | $ | 29,636 |
Long-lived Assets by Geographic Segment |
|  | As of December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,468 |  |  | $ | 1,508 |  |  | $ | 1,551 |
Other |  |  | 7,733 |  |  |  | 7,229 |  |  |  | 7,238 |
Total long-lived assets |  | $ | 9,201 |  |  | $ | 8,737 |  |  | $ | 8,789 |
Net Revenues by Consumer Sector | Net revenues by product category, reflecting our current segment structure for all periods presented, were:
|  | For the Year Ended December 31, 2017 |
|  | Latin America (1) |  |  | AMEA |  |  | Europe |  |  | North America |  |  | Total (1) |
|  | (in millions) |
Biscuits |  | $ | 779 |  |  | $ | 1,634 |  |  | $ | 2,880 |  |  | $ | 5,479 |  |  | $ | 10,772 |
Chocolate |  |  | 862 |  |  |  | 2,011 |  |  |  | 4,933 |  |  |  | 293 |  |  |  | 8,099 |
Gum & Candy |  |  | 919 |  |  |  | 919 |  |  |  | 775 |  |  |  | 1,025 |  |  |  | 3,638 |
Beverages |  |  | 665 |  |  |  | 569 |  |  |  | 121 |  |  |  | – |  |  |  | 1,355 |
Cheese & Grocery |  |  | 341 |  |  |  | 606 |  |  |  | 1,085 |  |  |  | – |  |  |  | 2,032 |
Total net revenues |  | $ | 3,566 |  |  | $ | 5,739 |  |  | $ | 9,794 |  |  | $ | 6,797 |  |  | $ | 25,896 |
|  | For the Year Ended December 31, 2016 |
|  | Latin America (1) |  |  | AMEA |  |  | Europe |  |  | North 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 America (1) |  |  | AMEA |  |  | Europe (3) |  |  | North 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 |
| (1) | In 2015, 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. Following the deconsolidation of our Venezuela operations at the end of 2015, our 2016 and 2017 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 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 names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + 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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