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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

	For the Three Months Ended September 30,								For the Nine Months Ended September 30,
	2019				2018				2019				2018
	(in millions)
Net revenues:
Latin America	$	736			$	774			$	2,273			$	2,439
AMEA	1,419				1,398				4,312				4,300
Europe	2,377				2,361				7,175				7,370
North America	1,823				1,755				5,195				5,056
Net revenues	$	6,355			$	6,288			$	18,955			$	19,165
Earnings before income taxes:
Operating income:
Latin America	$	84			$	100			$	250			$	318
AMEA	188				153				635				558
Europe	331				381				1,239				1,245
North America	370				334				1,096				514
Unrealized gains/(losses) on hedging activities (mark-to-market impacts)	20				(112		)		69				181
General corporate expenses	(76		)		(74		)		(264		)		(228		)
Amortization of intangibles	(43		)		(44		)		(130		)		(132		)
Net gain on divestiture	3				—				44				—
Acquisition-related costs	(1		)		(1		)		(2		)		(14		)
Operating income	876				737				2,937				2,442
Benefit plan non-service income	13				19				42				47
Interest and other expense, net	(205		)		(86		)		(386		)		(414		)
Earnings before income taxes	$	684			$	670			$	2,593			$	2,075

Schedule of Net Revenues by Product Category

Net revenues by product category were:

	For the Three Months Ended September 30, 2019
	Latin America				AMEA				Europe				North America				Total
	(in millions)
Biscuits	$	186			$	495			$	752			$	1,514			$	2,947
Chocolate	164				526				1,177				61				1,928
Gum & Candy	212				213				165				248				838
Beverages	93				103				21				—				217
Cheese & Grocery	81				82				262				—				425
Total net revenues	$	736			$	1,419			$	2,377			$	1,823			$	6,355
	For the Three Months Ended September 30, 2018
	Latin America				AMEA				Europe				North America				Total
	(in millions)
Biscuits	$	185			$	455			$	769			$	1,422			$	2,831
Chocolate	169				524				1,142				66				1,901
Gum & Candy	220				207				167				267				861
Beverages	117				103				19				—				239
Cheese & Grocery	83				109				264				—				456
Total net revenues	$	774			$	1,398			$	2,361			$	1,755			$	6,288

	For the Nine Months Ended September 30, 2019
	Latin America				AMEA				Europe				North America				Total
	(in millions)
Biscuits	$	542			$	1,361			$	2,253			$	4,337			$	8,493
Chocolate	551				1,521				3,543				162				5,777
Gum & Candy	621				662				519				696				2,498
Beverages	324				444				67				—				835
Cheese & Grocery	235				324				793				—				1,352
Total net revenues	$	2,273			$	4,312			$	7,175			$	5,195			$	18,955
	For the Nine Months Ended September 30, 2018
	Latin America				AMEA				Europe				North America				Total
	(in millions)
Biscuits	$	560			$	1,284			$	2,374			$	4,158			$	8,376
Chocolate	573				1,537				3,568				169				5,847
Gum & Candy	668				678				553				729				2,628
Beverages	394				448				66				—				908
Cheese & Grocery	244				353				809				—				1,406
Total net revenues	$	2,439			$	4,300			$	7,370			$	5,056			$	19,165

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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