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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

	For the Three Months Ended June 30,								For the Six Months Ended June 30,
	2019				2018				2019				2018
	(in millions)
Net revenues:
Latin America	$	737			$	774			$	1,537			$	1,665
AMEA	1,352				1,360				2,893				2,902
Europe	2,247				2,303				4,798				5,009
North America	1,726				1,675				3,372				3,301
Net revenues	$	6,062			$	6,112			$	12,600			$	12,877
Earnings before income taxes:
Operating income:
Latin America	$	68			$	92			$	166			$	218
AMEA	191				177				447				405
Europe	408				367				908				864
North America	407				(95		)		726				180
Unrealized gains on hedging activities (mark-to-market impacts)	33				88				49				294
General corporate expenses	(79		)		(91		)		(188		)		(155		)
Amortization of intangibles	(43		)		(44		)		(87		)		(88		)
Net gain on divestitures	41				—				41				—
Acquisition-related costs	(1		)		(13		)		(1		)		(13		)
Operating income	1,025				481				2,061				1,705
Benefit plan non-service income	12				15				29				28
Interest and other expense, net	(101		)		(248		)		(181		)		(328		)
Earnings before income taxes	$	936			$	248			$	1,909			$	1,405

Schedule of Net Revenues by Product Category

Net revenues by product category were:

	For the Three Months Ended June 30, 2019
	Latin America				AMEA				Europe				North America				Total
	(in millions)
Biscuits	$	186			$	405			$	767			$	1,451			$	2,809
Chocolate	157				438				1,006				42				1,643
Gum & Candy	209				224				181				233				847
Beverages	108				169				20				—				297
Cheese & Grocery	77				116				273				—				466
Total net revenues	$	737			$	1,352			$	2,247			$	1,726			$	6,062
	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 Six Months Ended June 30, 2019
	Latin America				AMEA				Europe				North America				Total
	(in millions)
Biscuits	$	356			$	866			$	1,501			$	2,823			$	5,546
Chocolate	387				995				2,366				101				3,849
Gum & Candy	409				449				354				448				1,660
Beverages	231				341				46				—				618
Cheese & Grocery	154				242				531				—				927
Total net revenues	$	1,537			$	2,893			$	4,798			$	3,372			$	12,600
	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

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599

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