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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Schedule of Segment Net Revues and Earnings | Our segment net revenues and earnings were:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (in millions)
Net revenues: |  |  |  |  |  |  |
Latin America | $ | 774 |  |  | $ | 848 |  |  | $ | 1,665 |  |  | $ | 1,758 |
AMEA | 1,360 |  |  | 1,394 |  |  | 2,902 |  |  | 2,885 |
Europe | 2,303 |  |  | 2,171 |  |  | 5,009 |  |  | 4,536 |
North America | 1,675 |  |  | 1,573 |  |  | 3,301 |  |  | 3,221 |
Net revenues | $ | 6,112 |  |  | $ | 5,986 |  |  | $ | 12,877 |  |  | $ | 12,400 |
Earnings before income taxes: |  |  |  |  |  |  |
Operating income: |  |  |  |  |  |  |
Latin America | $ | 92 |  |  | $ | 102 |  |  | $ | 218 |  |  | $ | 213 |
AMEA | 177 |  |  | 161 |  |  | 405 |  |  | 342 |
Europe | 367 |  |  | 321 |  |  | 864 |  |  | 714 |
North America | (95 | ) |  | 225 |  |  | 180 |  |  | 517 |
Unrealized gains/(losses) on hedging activities (mark-to-market impacts) | 88 |  |  | (46 | ) |  | 294 |  |  | (97 | )
General corporate expenses | (91 | ) |  | (80 | ) |  | (155 | ) |  | (137 | )
Amortization of intangibles | (44 | ) |  | (44 | ) |  | (88 | ) |  | (88 | )
Loss on divestiture | — |  |  | (3 | ) |  | — |  |  | (3 | )
Acquisition-related costs | (13 | ) |  | — |  |  | (13 | ) |  | — |
Operating income | 481 |  |  | 636 |  |  | 1,705 |  |  | 1,461 |
Benefit plan non-service income (1) | 15 |  |  | 5 |  |  | 28 |  |  | 20 |
Interest and other expense, net | (248 | ) |  | (124 | ) |  | (328 | ) |  | (243 | )
Earnings before income taxes | $ | 248 |  |  | $ | 517 |  |  | $ | 1,405 |  |  | $ | 1,238 |
(1) | During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line item, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income and segment operating income to reflect this reclassification, which had no impact to earnings before income taxes or net earnings.
Schedule of Net Revenues by Product Category | Net revenues by product category were:
| For the Three Months Ended June 30, 2018
| Latin America |  | AMEA |  | Europe |  | North America |  | Total
| (in millions)
Biscuits | $ | 192 |  |  | $ | 387 |  |  | $ | 810 |  |  | $ | 1,403 |  |  | $ | 2,792 |
Chocolate | 161 |  |  | 440 |  |  | 1,003 |  |  | 46 |  |  | 1,650 |
Gum & Candy | 224 |  |  | 236 |  |  | 200 |  |  | 226 |  |  | 886 |
Beverages | 116 |  |  | 173 |  |  | 19 |  |  | — |  |  | 308 |
Cheese & Grocery | 81 |  |  | 124 |  |  | 271 |  |  | — |  |  | 476 |
Total net revenues | $ | 774 |  |  | $ | 1,360 |  |  | $ | 2,303 |  |  | $ | 1,675 |  |  | $ | 6,112 |
| For the Three Months Ended June 30, 2017 (1)
| Latin America |  | AMEA |  | Europe |  | North America |  | Total
| (in millions)
Biscuits | $ | 200 |  |  | $ | 356 |  |  | $ | 734 |  |  | $ | 1,301 |  |  | $ | 2,591 |
Chocolate | 194 |  |  | 424 |  |  | 930 |  |  | 50 |  |  | 1,598 |
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 Six Months Ended June 30, 2018
| Latin America |  | AMEA |  | Europe |  | North America |  | Total
| (in millions)
Biscuits | $ | 375 |  |  | $ | 829 |  |  | $ | 1,605 |  |  | $ | 2,736 |  |  | $ | 5,545 |
Chocolate | 404 |  |  | 1,013 |  |  | 2,426 |  |  | 103 |  |  | 3,946 |
Gum & Candy | 448 |  |  | 471 |  |  | 386 |  |  | 462 |  |  | 1,767 |
Beverages | 277 |  |  | 345 |  |  | 47 |  |  | — |  |  | 669 |
Cheese & Grocery | 161 |  |  | 244 |  |  | 545 |  |  | — |  |  | 950 |
Total net revenues | $ | 1,665 |  |  | $ | 2,902 |  |  | $ | 5,009 |  |  | $ | 3,301 |  |  | $ | 12,877 |
| For the Six Months Ended June 30, 2017 (1)
| Latin America |  | AMEA |  | Europe |  | North America |  | Total
| (in millions)
Biscuits | $ | 370 |  |  | $ | 756 |  |  | $ | 1,399 |  |  | $ | 2,634 |  |  | $ | 5,159 |
Chocolate | 453 |  |  | 938 |  |  | 2,139 |  |  | 120 |  |  | 3,650 |
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 |
(1) | During the first quarter of 2018, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2018 presentation.

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