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v3.20.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Schedule of Segment Net Revenues and Earnings | Our segment net revenues and earnings were:
| For the Three Months Ended March 31,
| 2020 |  | 2019
| (in millions)
Net revenues: |  |  |
Latin America | $ | 726 |  |  | $ | 800 |
AMEA | 1,502 |  |  | 1,541 |
Europe | 2,584 |  |  | 2,551 |
North America | 1,895 |  |  | 1,646 |
Net revenues | $ | 6,707 |  |  | $ | 6,538 |
Earnings before income taxes: |  |  |
Operating income: |  |  |
Latin America | $ | 78 |  |  | $ | 98 |
AMEA | 234 |  |  | 256 |
Europe | 472 |  |  | 500 |
North America | 381 |  |  | 319 |
Unrealized (losses)/gains on hedging activities (mark-to-market impacts) | (185 | ) |  | 16 |
General corporate expenses | (76 | ) |  | (109 | )
Amortization of intangibles | (43 | ) |  | (44 | )
Acquisition-related costs | (5 | ) |  | — |
Operating income | 856 |  |  | 1,036 |
Benefit plan non-service income | 33 |  |  | 17 |
Interest and other expense, net | (190 | ) |  | (80 | )
Earnings before income taxes | $ | 699 |  |  | $ | 973 |
Schedule of Net Revenues by Product Category | Net revenues by product category were:
| For the Three Months Ended March 31, 2020
| Latin America |  | AMEA |  | Europe |  | North America |  | Total
| (in millions)
Biscuits | $ | 174 |  |  | $ | 508 |  |  | $ | 746 |  |  | $ | 1,598 |  |  | $ | 3,026 |
Chocolate | 194 |  |  | 543 |  |  | 1,363 |  |  | 56 |  |  | 2,156 |
Gum & Candy | 182 |  |  | 185 |  |  | 173 |  |  | 241 |  |  | 781 |
Beverages | 102 |  |  | 171 |  |  | 25 |  |  | — |  |  | 298 |
Cheese & Grocery | 74 |  |  | 95 |  |  | 277 |  |  | — |  |  | 446 |
Total net revenues | $ | 726 |  |  | $ | 1,502 |  |  | $ | 2,584 |  |  | $ | 1,895 |  |  | $ | 6,707 |
| For the Three Months Ended March 31, 2019
| Latin America |  | AMEA |  | Europe |  | North America |  | Total
| (in millions)
Biscuits | $ | 170 |  |  | $ | 461 |  |  | $ | 734 |  |  | $ | 1,372 |  |  | $ | 2,737 |
Chocolate | 230 |  |  | 557 |  |  | 1,360 |  |  | 59 |  |  | 2,206 |
Gum & Candy | 200 |  |  | 225 |  |  | 173 |  |  | 215 |  |  | 813 |
Beverages | 123 |  |  | 172 |  |  | 26 |  |  | — |  |  | 321 |
Cheese & Grocery | 77 |  |  | 126 |  |  | 258 |  |  | — |  |  | 461 |
Total net revenues | $ | 800 |  |  | $ | 1,541 |  |  | $ | 2,551 |  |  | $ | 1,646 |  |  | $ | 6,538 |

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